Who’s in the 99%? Those who earn less than $355,000 a year, according to IRS tax returns from 2009, which provide some information on the top 5%, top 1%, and top 0.1%. The U.S. Census provides 2010 household income data up to $250,000, which represents the lower 98%. Above $250,000 is the top 2%, and contained within, the top 1%. 50% of households earn less than $50,000. This graph also shows the breakdown by race.
Einhorn’s FOF Re-positions Portfolio, Makes New Seed Investment In Year Marked By “Speculative Exuberance”
It has not just been rough year for David Einhorn's own fund. Einhorn's Greenlight Masters fund of hedge funds was down 3% net for the first half of 2020, matching the S&P 500's return for those six months. In his August letter to investors, which was reviewed by ValueWalk, the Greenlight Masters team noted that Read More