Greenlight Capital David Einhorn

David Einhorn

David Einhorn is an American hedgie who went to Cornell University. He recently wanted to buy a minority stake in a baseball team but the deal fell through. David Einhorn is the co-founder of Greenlight Capital hedge fund. Einhorn established the hedge fund in 1996 and Greenlight Capital managed to deliver over 20% return annually after fees and expenses. We have been covering David Einhorn and his transactions here frequently. David Einhorn makes his boldest calls at the Ira Sohn Investor Conference. In 2008 David Einhorn said he is shorting Lehman Brothers because of its poor financials. A few months after that call the investment bank went bankrupt and this boosted Einhorn's reputation significantly.

David Einhorn also gave a speech about Allied Capital at the Ira Sohn Conference and that call turned out to be correct after years of struggle. He wrote a book about that adventure: Fooling Some of the People All the Time.

We like David Einhorn. In this year's Ira Sohn Conference David Einhorn picked Microsoft as his target. But this time Einhorn wasn't shorting the stock. In fact David Einhorn bought more of the stock. David Einhorn was asking Steve Ballmer to leave Microsoft. Einhorn said the stock is trading at a significant discount. Since then the stock market declined significantly and Microsoft outperformed the market by more than 10 percentage points.

David Einhorn is a fine hedge fund manager. You can read his entire speech about Microsoft at the following address: David Einhorn. Here is a video clip of David Einhorn: