Saturday, July 2, 2011

10 Reasons You Should Be Jealous Of David Einhorn



BusinessInsider writes that this year, David Einhorn crossed the threshold from hedge fund celebrity to mainstream celebrity, with his purchase of the New York Mets.
He was thrilled: Einhorn had always wanted to own a baseball team, and he happened to buy one that he'd always loved and supported as a kid.
But that's not the only part of Einhorn's life that's awesome...

a.He's ridiculously smart. Einhorn graduated summa cum laude with distinction in ALL subjects from Cornell University.

b. He's an amazing poker player. Einhorn came 18th in the World Series of Poker back in 2006. So prodigious are the poker gifts of the incredibly successful hedge fund manager that he won $660K in a tournament this May. He donated the money to charity.

c. He knew that gold would be a good investment early on. David Einhorn's grandfather gave him the "gold talk" early on. That's why Einhorn's fund, Greenlight, holds gold-denominated investments as one of its biggest positions -- obviously a good bet in the last couple of years. His hedge fund keeps a gold trove in New York.

d. He began the firm with less $1 million in 1996 and now manages billions of dollars. Einhorn founded Greenlight in 1996 with $900,000 of capital -- half of which was borrowed from his parents. After incredible vision and a series of awesome investments, investors poured into the fund and he now manages about $5 billion....


There's more. Find out at://www.businessinsider.com/10-reasons-you-should-be-jealous-of-david-einhorn-2011-7

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