David Einhorn

“I didn’t know ‘Mean Girls’ had a Wall Street edition,” Jonathan Bush said an in interview with the Wall Street Journal, in response to Greenlight Capital’s bet against athenahealth,1 announced last week at the Ira Sohn Investment Conference. Bush mounted an equally interesting defense of his company yesterday on CNBC, when he said: Read more »

David Einhorn, manager of the $10 billion Greenlight Capital Inc., said he found a recent dinner conversation with former Federal Reserve Chairman Ben S. Bernanke scary. “I got to ask him all these questions that had been on my mind for a long time,” Einhorn said in an interview today with Erik Schatzker and Stephanie Ruhle on Bloomberg Television, referring to a March 26 dinner with Bernanke. “It was sort of frightening because the answers were not better than I thought they would be.” [...] In describing the dinner conversation at New York’s Le Bernardin, Einhorn criticized Bernanke for saying he was 100 percent certain there would be no hyperinflation and that it generally occurs after a war. “Not that I think there will be hyperinflation, but how do you get to 100 percent certainty about anything?” Einhorn said. “Why can’t you be 99 percent certain?” [Bloomberg]

  • 01 May 2014 at 5:28 PM

David Einhorn Did Okay For Himself Last Month

David Einhorn’s Greenlight Capital Inc. posted returns of 4.3 percent in April, owing to his short bets against high-flying momentum stocks and its holdings of Apple Inc. and Micron Technology, according to sources familiar with the hedge fund on Thursday. The April gains brought the $10 billion hedge fund’s gains to 3.1 percent for this year to date. [Reuters]

  • 28 Mar 2014 at 12:57 PM

Ben Bernanke No Cheap Date

Sure, he’ll accept your dinner invitation. But it’s gonna cost ya. The former Fed Chair doesn’t get out of bed/attend speaking engagements, pan roasted truffled squab or not, for less than a quarter mill. Read more »

David Einhorn doesn’t know who Seeking Alpha contributor “Valuable Insights” is. He’s pretty sure VI is a fellow Micron Technology investor. And he’s damned sure (a) that one of VI’s more recent insights was anything but valuable to him, and (b) that he’d like to find out exactly who VI is. And he would appreciate it if a court would help him do so. Read more »

  • 07 Jan 2014 at 2:25 PM

Area Hedge Fund Manager Lets His Scalps Talk For Him

How does an activist hedge fund manager express to executives at the subject of of his activism that they’re in his world now? That proposed changes to the company will happen with or without management? That we can do this the easy way or the hard way? Some threaten to take things public, via CNBC, Twitter, and the like. Others use well-timed coughs to mutter “Box up your crap, because you’re all going to be out of here by the end of the day” (followed by “I’m sorry, nagging tickle in my throat”). The best of the bunch, though, the most seasoned activists in the game, prefer a more subtle approach. Read more »

The Greenlight Capital funds, run by hedge fund manager David Einhorn, returned 4.3 percent in the third quarter of 2013, bringing the funds’ year-to-date net return to 11.8 percent, according to a letter to investors seen by Reuters…The letter said that “virtually every long position” that the firm had was profitable in the third quarter, and that it added a “medium-sized long position” in Osram Licht AG . [Reuters]