By early June the market had given back all of its first quarter gains, and the crisis yet again came to a head. The European leaders took a cue from Groundhog Day and did as they always do: they announced yet another ‘Summit to Fix Everything’...The whole thing is such a mess – who can blame them for heading for vacation? Besides, this allows the politicians to position themselves to give the appearance of personal sacrifice, should they need to interrupt their Olympics cheering to make emergency phone calls...Landon Lee, our Research Associate in Dallas, has decided to pursue an MBA at Columbia Business School. As Cheryl Einhorn is an Adjunct Professor there, one can’t help but feel that Landon is choosing Cheryl over David. And who wouldn’t? To discourage further poaching, David has taped a “Do Not Solicit Greenlight Employees” notice to the home fridge. [Greenlight 2012Q2 Letter To Investors]
David Einhorn Isn't Gonna Mince Words Here: 2015 Could've Gone Better
In fact, it's difficult to impossible to imagine it having gone worse.
If Ben Bernanke Is Going To Keep Printing Money, David Einhorn Is Going To Continue Stockpiling Gold Watches
In other GL updates, sources at Brovada say the investment team has swung from two point underdogs to 13.5 point favorites in the annual interoffice basketball game and the Greenlight baby-making machine continues to work overtime. Greenlight Capital 3rd Quarter Letter 2012 [PDF] Related (-ish): The Search For Einhorn's Gold