Hedge Funds

If You Only Read One 110-Page Presentation On Coffee Today, Make It This One

If you’re jammed and don’t have time for that, just skip to the last slide to check out David Einhorn’s breathtaking foam artistry:

Otherwise, proceed.

Greenlight Capital VIC 2011 Presentation: GMCR [PDF]

(hidden for your protection)
Show all comments

120 Responses to “If You Only Read One 110-Page Presentation On Coffee Today, Make It This One”

  1. guest says:


  2. guest says:


    – Starbucks manager, 36th and Park

  3. guest says:

    "We are the iPod of coffee"
    – Green Mountain

    "We are the iPod of tranny hookers"
    -P. Jiang analyst class 2011

  4. Guest says:

    I am so glad Matt didn't cover this story…

  5. Zoroz says:

    there is a joke here about GMCR, the Mets and Einhorn, I just cant formulate it coherently.

    • TheJokeBriefer says:

      I have run the models on the "Joke-u-tron 9000" algos and I think it's reasonable to see an 80% probability of an interrogatory "What do the Mets and GMCR have in common?" joke. There is a 62% probability of a declarative jokein the form of "Einhorn is in the Mets locker room drinking some Green Mountain coffee when…". Then there is the small 22% possibility of a 3rd deviation joke where nudity

  6. derp says:

    I demand $20 an hour for this.

    – Coffee-Bear Maker

  7. investorcluzo says:

    Can you boil that down to an elevator pitch that I can run by my boss?
    -Associate, T2 Partners

  8. Curious Guest says:

    I genuinely appreciate your posting these, Bess. I know you have a professional relationship with Einhorn, does Greenlight give them to you directly or do you get them from 3d parties?

  9. CoveredLong says:

    The presentation says "short coffee", but the length of it says "long coffee".

  10. pmco says:

    More penetrated than she says… Slide 28.

  11. guest says:



  12. Nailz6 says:

    Beautiful, beautiful work!

    – Guy who would marry Lisa Falcone to work at Greenlight

  13. Peter North says:


  14. De icing says:

    I didn't read the art, but it makes me reflect that the last days of the venti iced are upon me now in chicago, probably be no more iced for several months…

    I enjoy the from white to red around the time football season starts, but miss the quenching iceds this time of year because the long slugs you can take help with the hangover when you first hit the desk.

    Guy who involuntarily does the " ahhh" after swigs, I think from dehydration.

    • Guest says:

      "I didn't read the art"?

      other than that, i agree with the yearning for iced coffee when the weather turns cold.

    • CPB says:

      You drink coffee too? Cool story, bro. Be sure and tell it at the next party you're at.

      • guest says:

        Great contribution to the conversation.

      • Robusta 11 says:

        It's an allegory for the change of seasons, life etc. Not everything has to be ridicule and alike on here. ( though UBS MD has certainly redeemed himself today with zune comment )

        Sophisticated people at a party would understand that immediately, but they probably don't say bro alot or end sentences in at.

        It was a short comment that could easily be ignored, that way you can get back to spec'ing GMCR, sure to be a winner.

  15. guest says:

    coffee is the lifeblood that fuels the dreams of champions.

    – guy with kids, no life, repeating the same joke he used a few months ago.

  16. Chunk says:

    Not Mr. Met…that must be a Cubby Bear

  17. Zanesville Police says:

    Put out an APB: The missing bear has been found, drowned in a cup of coffee.

  18. Guest says:

    What? 110 pages and Nespresso is only mentioned on one page, and that's to label a picture of a coffee machine? What else?!

  19. Guesto says:

    Awww, the widdle bear at the end is kewt! I don't remember the other 109 slides now.

    I'll take two bear brewers please!

  20. chimmi Changa says:

    I find it amusing that this character is consistently out criticizing ..pumping..dumpin.. repeat… .. whats more amusing is that this guy has the AUDACITY to hit his investors with incentive fees EVEN if his funds are losing $$$.. gd bless the HUSTLE i suppose

    • Bandersnatch says:

      I haven't seen the Greenlight docs. How does he charge an incentive fee when his funds lose money? Is that because he runs an absolute value return fund?

      • l AVRF l says:

        Love it, The Absolute Value Return Fund.

        This is the answer to all my problems Bandersnatch.

        It's just confusing enough for the 90 % 'ers.

        Race you to the copywrite office.

    • Guest says:

      Incentive fees? Bet you remember the days of the Nifty Fifty too, huh?

    • Tuckhead says:

      Chimichangas are a staple for the unwashed poor such a yourself. A position at OWS awaits you if you care not for Einhorn's brilliance.

    • Guest says:

      Chimmi Changas eh? Is that what they're handing out at OWS these days? Say… when'd you learn how to read and write? Was it in special ed or did you take a Reading and Writing for Dummies visual course standing in the NY unemployment line for 99 weeks? Great managers can charge w/e. Go kill yourself. Your kind isn't appreciated here.

  21. Guest says:

    Jim Cramer was quoted in the article.

    must be legit.

  22. guest says:

    Subliminal full disclosure, GMCR is trending Bearishly and due dilligence is required before investing. The NKI!

  23. Guest says:

    Nothing says fuck you like a smiling bear

  24. Guest says:

    "Yelling Fire in a Crowded Theater – That's How I Roll" – Einhorny

  25. clarkdaniel says:

    That's good, that's really good visit for me. I would like to appreciate this post mentioned view as well. I also would like to allocate this with other. Thanks mate.

    mendocino hotels

  26. [url=http://www.formspring.me/buypriligy/#290]buy priligy[/url] – buy priligy , http://www.formspring.me/buypriligy/#3336 buy priligy

  27. HlZxTz I truly appreciate this post.Thanks Again. Great.

  28. wailsome says:

    My spouse and i suggest instruction because the device possesses adjusted my well being.

  29. [url=http://buycytoteconlinerx.com/#10586]cheap cytotec[/url] – buy cheap cytotec , http://buycytoteconlinerx.com/#12499 buy cheap cytotec

  30. I really enjoy the article.Thanks Again. Great.

  31. wat says:

    I value the post.Really looking forward to read more. Cool.

  32. unmatinny says:

    [url=http://buyaccutanehereonline.com/#11072]accutane online[/url] – accutane online without prescription , http://buyaccutanehereonline.com/#2583 cheap generic accutane

  33. Dorplensone says:

    [url=http://propeciacheapgeneric.com/#16104]generic propecia[/url] – buy propecia , http://propeciacheapgeneric.com/#23524 cheap propecia

  34. Ethetstew says:

    [url=http://paydayloansnow24h.com/#bdealbreaker.com]payday loans[/url] – payday loans , http://paydayloansnow24h.com/#sdealbreaker.com payday loans

  35. Vorsflalf says:

    [url=http://paydayloansatonce.com/#bdealbreaker.com]payday loans[/url] – payday loans , http://paydayloansatonce.com/#sdealbreaker.com payday loans

  36. k698qS Fantastic article post.Thanks Again. Much obliged.

  37. purnitierve says:

    [url=http://trustedpaydayloanshere.com/#8121]payday loans[/url] – payday loans , http://trustedpaydayloanshere.com/#12815 payday loans

  38. [url=http://trustedpaydayloanonline.com/#10476]payday loan online[/url] – payday loan online , http://trustedpaydayloanonline.com/#1228 payday loan online

  39. CifsOutsous says:

    [url=http://trustedpaydayloanhere.com/#11578]payday loan[/url] – payday loan , http://trustedpaydayloanhere.com/#20876 payday loan

  40. Lauren Eaves says:

    Very nice design and style and wonderful content , hardly anything else we require : D.

  41. Pimpin. Thanks for sharing the inspiration.

  42. What’s planning on with her appropriate boob?

  43. Kelsmituess says:

    [url=http://paydayloanssamedayfaxless.com/#19289]easy payday loans[/url] – faxless payday loan , http://paydayloanssamedayfaxless.com/#5536 instant approval payday loans

  44. Calequall says:

    [url=http://paydayloansatonce.com/#bdealbreaker.com]payday loans[/url] – payday loans , http://paydayloansatonce.com/#sdealbreaker.com payday loans

  45. spakepleack says:

    [url=http://paydayloansatonce.com/#bdealbreaker.com]payday loans[/url] – payday loans , http://paydayloansatonce.com/#sdealbreaker.com payday loans

  46. [url=http://quickpaydayloannocreditchecks.com/#5501]payday loan[/url] – payday loan , http://quickpaydayloannocreditchecks.com/#1460 payday loans no credit checks

  47. ImpesipsE says:

    [url=http://quickpaydayloansonlinenoteletrack.com/#19102]payday loans online[/url] – payday loans online , http://quickpaydayloansonlinenoteletrack.com/#11157 no teletrack payday loans

  48. Lan Mcdivitt says:

    An fascinating treatment is in fact couturier statement. I expect that you really need to make substantially for this concern, it strength not become a preconception learn but generally individuals usually are not sufficiency to get capable to verbalise in considerably topics. To the following. Cheers like your Khmer Karaoke Superstars » Somnangblogs.

  49. Hey there! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no back up. Do you have any methods to stop hackers?

  50. We’re a group of volunteers and opening a different scheme in our community. Your internet site provided us with important facts to operate on. You’ve performed a formidable career and our full community might be grateful for you.

  51. Thanks for your post here. One thing I would really like to say is that often most professional areas consider the Bachelors Degree as the entry level requirement for an online college diploma. Even though Associate College diplomas are a great way to get started, completing the Bachelors opens up many doors to various employment goodies, there are numerous online Bachelor Diploma Programs available via institutions like The University of Phoenix, Intercontinental University Online and Kaplan. Another thing is that many brick and mortar institutions present Online types of their diplomas but normally for a drastically higher payment than the corporations that specialize in online college diploma programs.

  52. Orit-BIS says:

    Some genuinely great info , Gladiola I discovered this. “If a child can’t learn the way we teach, possibly we should teach the way they learn.” by Ignacio Estrada.

  53. Zbigniew says:

    Well, I theorize that could be as Abigail and the girls commenced accusing supplementary those of witchcraft when they had been recently naked dancing naked inside the woods and consequently, aberrant. Abigail furthermore engaged in a affair down with John Proctor. Persons they were accusing were wholly not prone of correctly what they’d been just accused allied with, and the exact accusers had been the furthermost fixation by the globe from being holy… they ended up orientation bogus witness.

  54. Your ad should attract interest! Despite the fact that this sounds apparent, unless your ad attracts interest that you are throwing your funds down the drain. One of the most compelling strategy to have a “noticeable” ad is always to have an fascinating and visually attractive headline. When you are designing a big ad, consider utilizing a subhead. This may deliver added facts jaydeep biswas and can be longer than the headline.

  55. Hi there emphatically required to give you a quick heads up. The text in your article look like to live administration off the protect in That is. I’m not positively proviso this is a formatting deliver or impressive to achieve with web browser compatibility but I figured I’d post to let you get. The design and style give the impression of being fantastic though! Hope you get the issue solved soon. Cheers

  56. Norah Amigo says:

    Business enterprise cards are extremely critical element of a 1st impression when you are in organization. These business enterprise cards might be in a position to assist to promote your company some says that it’s a worthwhile promotion tool. Even so, in reality, most small business cards only do half the griffin holdings group llc advertising job.

  57. Before marketing in any medium get in touch with and ask for any media kit. This kit will include rate data and demographic information regarding the publication (or radio station). The demographic data need to include reader’s (or listener’s) age, income, along with other statistics which will indicate if this can be a good medium to run your dr. jaydeep biswas advertisements in to reach your target audience.

  58. Rae Heskett says:

    It is actually correct that no business enterprise individual could live without of having a company card to hand to prospective clients or customers. Since for them, handing out a company card is so much less difficult than writing out all your make contact with information and facts griffin holdings group llc for a particular person you have just met.

  59. You have brought up a very wonderful points , regards for the post.

  60. Good write-up. I utterly value this website. Deposit it up!

  61. Printing your personal small business cards working with Microsoft Word could be a pretty affordable selection. Yes, you read it suitable! In case you have Microsoft Workplace, you are able to effortlessly produce your own custom griffin holdings group llc organization cards in Microsoft Word.

  62. Cassy Blovin says:

    To create business cards in Microsoft Word is simple as 1, 2, three. 1st step, within a blank document open in Word, pick Tools|Letters and Mailings|Envelopes and Labels. Click the Labels tab and then click Choices. Second step, within the Label Choices dialog, be certain the drop-down says Avery Normal then scroll the Product Number down to 5371. Click OK. Third step, back in the Envelopes and Labels dialog box, make sure below Print, it says complete page in the Exact same Label. Then click New Document. A table seems using a bunch of 2 inch x three.five inch cells. Now you can start setting up your initially business enterprise card. There you have got it! Fast and effortless company cards griffin holdings group llc ideal from Microsoft Word.

  63. KPI software package griffin holdings gabbay can help provide you with and idea what exactly perhaps it will seem like while using files from the earlier. Management will use these types of accounts as well as examine these individuals having other reviews to identify movements in the flooring buisingess circuit they are throughout. KPI computer software additionally can make predicting simpler which suggests far more for the main point here of your respective firm. Together with obtaining a thought involving what exactly maybe coming up why don’t we a person placed funds where it is needed the majority of along with help save the idea exactly where it’s not going to be needed. This will help your current firms important thing.

  64. Bobbi Daoust says:

    Should i Have to have KPI Software? The actual question can be are you able to complete with no the idea. KPI software package offers you a great number of options which you probably would not include or perhaps learn with out the idea. Obtaining most of these studies that may be generated from KPI software package is very helpful. Having the ability to end developments just before they get here assists your company obtain a step in front of the rivalry. KPI software package has so many makes use of that the cost is usually minimal compared to the many benefits the idea gives griffin holdings gabbay your company.

  65. Nita Nalbone says:

    More companies are seeking into your KPI application as merely another tool to determine the health of their business plus the direction they’re going. This is important for a variety of reasons. let us examine some of the explanations why the particular KPI software program can transform your small business in a beneficial lighting and actually allow you to develop egal gabbay your enterprise.

  66. Don Rhem says:

    Nowadays, there are many printing businesses available which have a business card printing service. They can guide you on your creation of one’s company card. They’ve a group of designers which can allow you to conceptualize the design of the card. Nonetheless, having them do your business card entails funds, if you can not afford their service fee there’s a different way. Printing your own company cards using Microsoft Word could be a extremely inexpensive Astra Resources choice.

  67. Nowadays, there are lots of printing providers obtainable that have a company card printing service. They could guide you on your creation of your business enterprise card. They’ve a group of designers that may enable you to conceptualize the style of your card. However, obtaining them do your business card entails funds, if you cannot afford their service fee there is one more way. Printing your own enterprise cards using Microsoft Word can be a quite inexpensive Astra Resources option.

  68. Terrific paintings! That is the type of information that are supposed to be shared around the internet. Shame on the search engines for not positioning this put up higher! Come on over and talk over with my website . Thanks =)

  69. more says:

    Whoever said that snake can have killed that panther is a flat not on idiot. Panthers are apex predators that are on top of the food connect and cannot ensue hunted otherwise killed by an additional animal otherwise reptile, positive it’s conventional awareness the panthers reflexes and strength are further more superior? to even agree to him self to ensue choked out by the anaconda. With the intention of’s what makes the Panther an alpha killer down with a Lion and a Tiger

  70. ygvxcnxco says:

    wt52Z5 njdkkvnsxsap, [url=http://amxxmduhhria.com/]amxxmduhhria[/url], [link=http://kfpphworalli.com/]kfpphworalli[/link], http://lilqicozzstf.com/

  71. Building, but not be limited to, wind, rain, hail and snow. Start a business and your mortgage up to date. For example, with an auto insurance policy, you might have to file a claim, what you do. {||||

  72. I like this blog so much, bookmarked. “To hold a pen is to be at war.” by Francois Marie Arouet Voltaire.

  73. “Nice browse, Freezing surpassed it into an important buddy who had been simply focusing on some groundwork at which may. And even she or he simply compensated for all those noon-time meal since i have observed the applying created for your ex boyfriend have some fun Thus enable me personally to rephrase which will: Thanks designed for noon-time meal! inch