• 21 Jan 2009 at 1:37 PM

Greenlight: We Have To Be Able To Laugh About This Stuff

By Equity Private

Picture 609.pngGreenlight held its thirteenth annual partner dinner at the Museum of Natural History last night and the take-away, as previously prognosticated by us, is that David Einhorn is BACK. IN. THE. GAME. We say this not based on performance numbers, but on circumstantial evidence, that being the Green Lantern’s decision to send investors home with a very special gift: If You Try To Please Everybody, You Will Lose Your Ass, a book by DE’s father, Stephen Einhorn. Now, the cynical assholes among us will be quick to suggest that free books were all Einhorny could afford to distribute. WRONG-O.
The real implication is this: when you’ve got the the pair to offer investors anything less than “Sorry for losing your money” blow jobs, it’s ’cause you’ve got something big (positive territory returns) on the horizon. Porno-Dave is going to be huge in ’09.


2008:
Greenlight Capital: -22.7%
Greenlight Cap Qualified: -20.8%
Greenlight Offshore: -16.5%
PS: You know we love you, Einhorny! Call us! I’m not kidding!

Comments (15)

  1. 1
    Posted by guest | January 21, 2009 at 1:42 PM

    Where’s the schlong?

  2. 2
    Posted by guest | January 21, 2009 at 1:47 PM

    give us the letter

  3. 3
    Posted by guest | January 21, 2009 at 1:51 PM

    Per GLRE 8-K filed this morning…
    down just 60 bps YTD through yesterday.
    68% long 35% short
    It’s on.

  4. 4
    Posted by lehaigbsc | January 21, 2009 at 2:00 PM

    I heard he was down in the U.S. Bankruptcy Judge’s chambers yesterday still claiming that Lehman’s numbers werent marked properly.

  5. 5
    Posted by guest | January 21, 2009 at 2:04 PM

    @5- was that comment supposed to be funny?

  6. 6
    Posted by guest | January 21, 2009 at 2:31 PM

    beat the S&P by 18%. Don’t you have to be able to walk on water to do that?

  7. 7
    Posted by guest | January 21, 2009 at 2:38 PM

    Bess, you couldn’t find a photo of him in waders holding a fish? wtf?

  8. 8
    Posted by CapitolCapital | January 21, 2009 at 2:39 PM

    was “Einhorny! Call us!” supposed to sound like “I’m horny! Call us!” or was that just some bonus accidental comedy?

  9. 9
    Posted by guest | January 21, 2009 at 2:42 PM

    That 8-K is way behind his A-10.

  10. 10
    Posted by guest | January 21, 2009 at 2:43 PM

    the best part is the Cornell sweatshirt, “not only do I run a big fund and I’ve made a lot of cash, but I did it with a degree from Cornell”. It’s like investing with one arm behind your back. Just imagine how awesome he’d be if he had gone to a real school like Wharton. The guy is amazing.

  11. 11
    Posted by guest | January 21, 2009 at 2:47 PM

    He was short Lehman and he’s down for the year?
    Special talent.

  12. 12
    Posted by guest | January 21, 2009 at 3:25 PM

    Grey heather sweatshirt on grey heather t-shirt combo is the new killing it.

  13. 13
    Posted by guest | January 21, 2009 at 4:03 PM

    Underperforming cash is the new killing it

  14. 14
    Posted by ccs | January 21, 2009 at 4:04 PM

    @10 Classic!

  15. 15
    Posted by guest | January 21, 2009 at 5:57 PM

    While the food generally had some nice touches, pigs-in-a-blanket did appear on the buffett. Not exactly Masters of the Universe material.

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