wearing a dated tie that he wore nearly two decades ago when revealing a bet against Allied Capital. Photographer: Kholood Eid/Bloomberg, 2018 was a year that should have created a few big wins. After all, a decade after his legendary bet against investment bank Lehman Brothers, global stock markets erupted in chaos early in the year and closed near multiyear lows.
By the time the carnage was over, assets at Greenlight dwindled by more than half, from $6.3 billion to start 2018 to $2.5 billion at close. “We lost money continually” throughout the year, Einhorn told limited partners at year-end. As one frustrated investor put it, “You got killed when the market was going up and killed when the market was going down.” Since the end of 2014, his fund has plunged 40%-plus, while the S&P 500 has gained over 25%.
Einhorn put it best in the fall of 2017, as Greenlight’s losses mounted: “Given the performance of certain stocks, we wonder if the market has adopted an alternative paradigm for calculating equity value.
Some bets like activist plays on Oil States International and SunEdison proved to be wrongheaded. In other instances, Einhorn was prescient. He predicted Apple would become the first trillion-dollar company and prodded it to pay a dividend; on both counts he was right. But macro-oriented shorts like a bet against aggregates producer Martin Marietta lost money, and a foray into gold on inflation fears has yet to pay off.
He must have invested in Reyna Limited reynalimited youloser thief
anthonykudaev sasha35625 it seems you have a scam project on waves. Do you have contact with anthonykudaev from Reynaproject? No one can get a hold of him and he has blocked the rey telegram group as well as the admins. Looks like an exit scam is happening on your platform
anthonykudaev man up and address the investors you left with empty pockets.
anthonykudaev Whats the point to all this? You have nore inportant issues to answer. Wtf is wrong with you!
anthonykudaev Check telegram
anthonykudaev anthonykudaev glad to see you have time to retweet. How about giving an update to your investors.
We want u bck the B club, c'mon u could still bounce bck nd this time ur net worth would be $B
That is really worrying $700 millions! Could he borrow me, at least $ 70,000 out of those $700 millions? I think, I could do something. c’mon do it, do it!!
My dream I never had seen a pregnant girl
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Source: Forbes - 🏆 394. / 53 Read more »