• 08 Jul 2011 at 10:17 AM

David Einhorn Has A Question

By

Greenlight Capital Q2 Letter [PDF via ZH]

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Comments (45)

  1. 1
    Posted by L Ron Jabroni | July 8, 2011 at 3:26 PM

    We all have questions, David.  That is why I read Dianetics.

  2. 2
    Posted by L Ron Jabroni | July 8, 2011 at 3:26 PM

    We all have questions, David.  That is why I read Dianetics.

  3. 3
    Posted by Guy who knows Barney Frank | July 8, 2011 at 3:44 PM

    Here’s a hint: Booze filled party in Barney Frank’s mouth and everyone is………  well you know

  4. 4
    Posted by Guy who knows Barney Frank | July 8, 2011 at 3:44 PM

    Here’s a hint: Booze filled party in Barney Frank’s mouth and everyone is………  well you know

  5. 5
    Posted by Backdoor Bess | July 8, 2011 at 3:50 PM

    I don’t have a question, rather a request……stop worrying about buying the fucking Mets and make some money this year for your clients

  6. 6
    Posted by Backdoor Bess | July 8, 2011 at 3:50 PM

    I don’t have a question, rather a request……stop worrying about buying the fucking Mets and make some money this year for your clients

  7. 7
    Posted by Guy That Is Appalled | July 8, 2011 at 3:51 PM

    Racial.

  8. 8
    Posted by Guy That Is Appalled | July 8, 2011 at 3:51 PM

    Racial.

  9. 9
    Posted by I love the 90's | July 8, 2011 at 3:53 PM

    Pop quiz hotshot – there’s a loaded gun pointed right at interbank liquidity.  If you ban CDS, you get no growth.  If you let them run wild, you have a banking crisis.  What do you do? What do you do?

  10. 10
    Posted by I love the 90's | July 8, 2011 at 3:53 PM

    Pop quiz hotshot – there’s a loaded gun pointed right at interbank liquidity.  If you ban CDS, you get no growth.  If you let them run wild, you have a banking crisis.  What do you do? What do you do?

  11. 11
    Posted by P9 | July 8, 2011 at 4:01 PM

    “I see, I see,” said the old blind man.

  12. 12
    Posted by P9 | July 8, 2011 at 4:01 PM

    “I see, I see,” said the old blind man.

  13. 13
    Posted by Capt_obvious | July 8, 2011 at 4:03 PM

    you ban.  no crisis.  boom-done.  simple really…

  14. 14
    Posted by Capt_obvious | July 8, 2011 at 4:03 PM

    you ban.  no crisis.  boom-done.  simple really…

  15. 15
    Posted by Karl Mozurkewich | July 8, 2011 at 4:03 PM

    Ancient Chinese Proverb: He who have hole in pocket feels cocky all day.

  16. 16
    Posted by Karl Mozurkewich | July 8, 2011 at 4:03 PM

    Ancient Chinese Proverb: He who have hole in pocket feels cocky all day.

  17. 17
    Posted by early hominid | July 8, 2011 at 4:04 PM

    There are no systemic problems to fix, just a couple bad apples.   

    - JD

  18. 18
    Posted by early hominid | July 8, 2011 at 4:04 PM

    There are no systemic problems to fix, just a couple bad apples.   

    - JD

  19. 19
    Posted by I'm an idiot | July 8, 2011 at 4:09 PM

    Ben Bernanke: Would you stop it? Jean-Claude Trichet: We need to help daddy. Ben Bernanke: Shut up! Watch the tv. That’s the police, okay? They’re gonna help. Jean-Claude Trichet: We gotta cut the tape. Ben Bernanke: Shut up! Jean-Claude Trichet: Pull all together, okay? Off the bed then like maybe we can get what’s under the bed. Ben Bernanke: Under my bed? What’s under my bed? Jean-Claude Trichet: Your bong. We can break it. Ben Bernanke: What? Have you been sneaking in my room?

  20. 20
    Posted by I'm an idiot | July 8, 2011 at 4:09 PM

    Ben Bernanke: Would you stop it? Jean-Claude Trichet: We need to help daddy. Ben Bernanke: Shut up! Watch the tv. That’s the police, okay? They’re gonna help. Jean-Claude Trichet: We gotta cut the tape. Ben Bernanke: Shut up! Jean-Claude Trichet: Pull all together, okay? Off the bed then like maybe we can get what’s under the bed. Ben Bernanke: Under my bed? What’s under my bed? Jean-Claude Trichet: Your bong. We can break it. Ben Bernanke: What? Have you been sneaking in my room?

  21. 21
    Posted by Sy Sperling | July 8, 2011 at 4:09 PM

    David Einhorn isn’t afraid of a loaded gun pointed at his head.  His “system” is bulletproof.

  22. 22
    Posted by Sy Sperling | July 8, 2011 at 4:09 PM

    David Einhorn isn’t afraid of a loaded gun pointed at his head.  His “system” is bulletproof.

  23. 23
    Posted by I'm an idiot | July 8, 2011 at 4:09 PM

    Ben Bernanke: Would you stop it? 
    Jean-Claude Trichet: We need to help daddy.
    Ben Bernanke: Shut up! Watch the tv. That’s the police, okay? They’re gonna help.
    Jean-Claude Trichet: We gotta cut the tape.
    Ben Bernanke: Shut up!
    Jean-Claude Trichet: Pull all together, okay? Off the bed then like maybe we can get what’s under the bed.
    Ben Bernanke: Under my bed? What’s under my bed?
    Jean-Claude Trichet: Your bong. We can break it.
    Ben Bernanke: What? Have you been sneaking in my room?

  24. 24
    Posted by I'm an idiot | July 8, 2011 at 4:09 PM

    Ben Bernanke: Would you stop it? 
    Jean-Claude Trichet: We need to help daddy.
    Ben Bernanke: Shut up! Watch the tv. That’s the police, okay? They’re gonna help.
    Jean-Claude Trichet: We gotta cut the tape.
    Ben Bernanke: Shut up!
    Jean-Claude Trichet: Pull all together, okay? Off the bed then like maybe we can get what’s under the bed.
    Ben Bernanke: Under my bed? What’s under my bed?
    Jean-Claude Trichet: Your bong. We can break it.
    Ben Bernanke: What? Have you been sneaking in my room?

  25. 25
    Posted by I love the 90's | July 8, 2011 at 4:13 PM

    More an excuse to contextualize a classic movie scene than an existential exercise in financial regulatory policy.  But thanks for weighing in.

  26. 26
    Posted by guest | July 8, 2011 at 4:15 PM

    Call their bluff.  Ignore if the trigger is pulled.  

  27. 27
    Posted by guest | July 8, 2011 at 4:15 PM

    Call their bluff.  Ignore if the trigger is pulled.  

  28. 28
    Posted by Guest 23 | July 8, 2011 at 4:15 PM

    Not funny the second time either

  29. 29
    Posted by Guest 23 | July 8, 2011 at 4:15 PM

    Not funny the second time either

  30. 30
    Posted by in love with pmco avatar | July 8, 2011 at 4:33 PM

    good call dennis hopper

  31. 31
    Posted by in love with pmco avatar | July 8, 2011 at 4:33 PM

    good call dennis hopper

  32. 32
    Posted by Capt_obvious | July 8, 2011 at 4:36 PM

    i want it both ways too.  comment with an implied point, and if someone calls me on it, i will claim just an allegory.  convenient.  if you are having it both ways, i prefer wild things

  33. 33
    Posted by Capt_obvious | July 8, 2011 at 4:36 PM

    i want it both ways too.  comment with an implied point, and if someone calls me on it, i will claim just an allegory.  convenient.  if you are having it both ways, i prefer wild things

  34. 34
    Posted by Not in Omaha | July 8, 2011 at 4:51 PM

    Warren, you’re wrong.  Einhorny writes the best investor letters.

  35. 35
    Posted by Not in Omaha | July 8, 2011 at 4:51 PM

    Warren, you’re wrong.  Einhorny writes the best investor letters.

  36. 36
    Posted by Guest | July 8, 2011 at 5:20 PM

    I disagree with your definition of “classic”

  37. 37
    Posted by Guest | July 8, 2011 at 5:20 PM

    I disagree with your definition of “classic”

  38. 38
    Posted by Seaman Bodine | July 8, 2011 at 5:38 PM

    (1) swim to the bottom of the pool
    (2) stick you finger in the drainage grate
    (3) breathe

  39. 39
    Posted by Seaman Bodine | July 8, 2011 at 5:38 PM

    (1) swim to the bottom of the pool
    (2) stick you finger in the drainage grate
    (3) breathe

  40. 40
    Posted by Put_Option | July 8, 2011 at 6:22 PM

    liked this

  41. 41
    Posted by Put_Option | July 8, 2011 at 6:22 PM

    liked this

  42. 42
    Posted by I love the 90's | July 8, 2011 at 6:31 PM

    I’d like to debate this further.  Meet me at the Port Authority bus station.  I’ll be the one diffusing the bomb.  Hold up a picture of Sandra Bullock so I know it’s you.

  43. 43
    Posted by I love the 90's | July 8, 2011 at 6:31 PM

    I’d like to debate this further.  Meet me at the Port Authority bus station.  I’ll be the one diffusing the bomb.  Hold up a picture of Sandra Bullock so I know it’s you.

  44. 44
    Posted by Planning on retiring at age 26 | July 11, 2011 at 12:04 AM

    Shut the agencies up with a much bigger gun

  45. 45
    Posted by ZEOHSIX | July 11, 2011 at 7:36 PM

    His math is unflappable even with the world rioting in the streets he knows his quants do better math than the other guys. HELL! he hired Russian quants because they work at 30% of the money a USA educated one wants. Keep investing in David’s fund he will make you RICH!

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