David Einhorn - Greenlight Capital
David Einhorn, Chairman of Greenlight Capital (a value-oriented investment advisor), believes an investment approach emphasizing intrinsic value will achieve consistent absolute investment returns and safeguard capital regardless of market conditions. Prior to founding Greenlight, he was at DLJ. back
Articles
How to Play the Short Game
FT.com – 07.17.08
Many people think Erin Callan, then chief financial officer of Lehman Brothers, made a big mistake a few months ago when she took a call from David Einhorn, a hedge fund manager whose fund had taken a big short stake in the Wall Street investment bank.
Long journey down a short but winding road
FT.com – 07.10.08
David Einhorn's father wanted to write a book by the time he was 40. At 39, with the deadline looming, he self-published a joke book. His son tells this story at the start of his own book, which he also wrote at 39. This one has few laughs in it. Fooling Some of the People All of the Time: a Long Short Story is the six-year saga of Mr Einhorn's battle with Allied Capital.
The Crusading Hedge-Fund Manager
Time.com – 06.19.08
Last October, I stood in the back of a packed Manhattan ballroom listening to hedge-fund manager David Einhorn explain to an audience what had gone wrong with Wall Street. Packaging home loans into securities was a "mediocre idea," he said. Repackaging those securities into yet other securities was a downright bad one.
The Confidence Man
Nymag.com – 06.15.08
Hedge-fund manager David Einhorn believes his public attack on Lehman Brothers wasn’t just about making money. So what was it about?
Writedown Bug Could Bite Lehman
Money.cnn.com – 05.23.08
Lehman Brothers has some explaining to do. Shares of the big brokerage firm have dropped 13% over the past three days amid renewed questions about the health of Lehman's balance sheet.
A Long Way Down for A Short
Hedgefund.net – 05.20.08
Six thousand dollar shower curtains. West Coast blackouts. Shredded documents. The list of corporate misdeeds around the turn of the millennium goes on and on. Then, there’s the story of Allied Capital, as told by David Einhorn, founder of hedge fund firm Greenlight Capital who shorted the company and found himself in a six-year battle over that position.
Diary of A Short Seller
Portfolio.com – 05.12.08
Fund manager David Einhorn thought he was doing the right thing by speaking out against a shady finance company. The system fought back.
Videos
The Long Short Story
CNBC.com – 06.05.08
Insight on his book on corporate fraud, with David Einhorn, Greenlight Capital hedge fund manage. watch this video >
David Einhorn Shows His Hand
TheStreet.com – 06.07.08
David Einhorn sits down to talk about his controversial shorting strategies, his 6 billion dollar hedge fund Greenlight Capital, and his World Series of Poker top 20 finish.
watch this video >
Wall Street Battles and Poker Winnings
Abcnews.com – 05.29.08
David Einhorn on his war with Allied Capital and his winnings at the table. watch this video >
Still At War, David Einhorn Weighs In
TheStreet.com – 05.24.08
David Einhorn weighs in on his battle with Allied Capital.
watch this video >
Radio
A Hedge Fund Manager’s Crusade to Expose Losses
NPR.com – 07.01.08
The people who run hedge funds can be famously secretive about their work. Not David Einhorn. Einhorn founded Greenlight Capital, which manages about $6 billion in assets. He recently waged a very public battle against Lehman Brothers, claiming it was losing more money than it admitted. He turned out to be right.