Skip to main content

David Einhorn Thinks "House Of Cards" Sucks

The Greenlight Capital founder just got up to speed on the last season and has feelings about it.
  • Author:
  • Updated:
    Original:

It's unclear if he was referring to just Season 3-- which, if we're all be honest with ourselves, was terrible-- or the whole series, in which case, WHATCHU TALKIN' ABOUT, EINHORN?

In his most recent letter to investors, the famed hedge-fund manager picked on the Netflix drama as he lamented the state of the stock market and explained his recent underperformance. “In today’s market, the best performing stocks are companies with exciting stories where accountability is in the distance future,” Einhorn wrote. He cited Netflix NFLX, +0.06% as a prime example of the trend, saying he was flummoxed that the company’s shares recently shrugged off disappointing earnings and a string of analyst downgrades. “Further, we had just finished watching season three of NFLX’s leading original content show, House of Cards, which appeared to be scripted to compete with Ambien.”

David Einhorn is no fan of ‘House of Cards’ [MarketWatch]

Related

News

Warren Buffett And David Einhorn Are In Agreement Re: The Frigidity Of Their Disfavored Investment Ideas

Back in February, in his annual letter to investors, Berkshire Hathaway chief Warren Buffett spent a good bit of time discussing why one shouldn't own gold. Beyond the fact that, according to WB, gold doesn't "change in size and [is] incapable of producing anything," and you'd be much better off buying farmland (which "a century from now will have produced staggering amounts of corn, wheat, cotton and other crops and will continue to produce that valuable bounty") or shares of Exxon Mobil (which "will probably have delivered trillions of dollars in dividends to its owners," the Oracle of Omaha had one incontrovertible, be all end all reason for eschewing the metal: its unfuckability. Oh sure, you can do things to a cube, you can fondle it, you can talk dirty to it, you can send nude pictures of yourself, you can even drill a hole in it and fuck it senseless, but, the thing is, the cube will not respond. No reciprocation, no gratitude, not even a sign it enjoyed itself.  For Buffett, no further argument was necessary as to the worthlessness of the commodity. (Silver, on the other hand, will make you feel like you're 18 again.) Anyway, David Einhorn sort of feels the same way about the dollar. Greenlight Capital 1Q2012 Letter To Investors [PDF] Related: Don't Think He Hasn't Tried

News

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.

News

Heads Up Play With David Einhorn

News

Don't Talk To David Einhorn About 2015

In fact, consider the numbers 2, 0, 1, and 5 banned from Greenlight Capital's offices.

Hedge Funds

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

News

David Einhorn Could Use A Hand Here!

News

David Einhorn Could Own 60% Of The Mets In Three Years

News

Flopping The Nuts: David Einhorn Moves On To Day 2 Of WSOP