David Einhorn
David Einhorn founded Greenlight Capital in 1996 at age 27 with $900,000 from family and friends. He built it into a premier long/short equity fund over the next two decades, known especially for his rigorous short selling research and public presentations at investment conferences. Einhorn became famous for his prescient short of Lehman Brothers in 2007 — years before its collapse — and for a series of other famous shorts including Allied Capital and Green Mountain Coffee Roasters.
Greenlight experienced a difficult stretch from 2014 to 2020 as its short book struggled in a relentlessly rising market, particularly against technology stocks. Einhorn restructured the fund and rebranded it as DME Capital Management. He has remained a vocal critic of 'bubble' market conditions and passive investing. Outside of markets, he is an accomplished poker player, finishing 18th in the 2012 World Series of Poker Main Event and donating his winnings to charity.
We try to find situations where we have a differentiated view from the consensus, backed by thorough research, and where the market price doesn't reflect the reality we see.
— David Einhorn, Greenlight Capital / DME Capital Management