David Einhorn’s Greenlight Capital Funds returned 4.4% in the first quarter of 2022, outperforming the S&P 500, which declined by -4.6% over the period. In his quarterly letter to investors, the fund manager writes that the war in Eastern Europe is an event that we as a society had thought “we would not witness again in our lifetimes,” and it is likely to have a monumental impact on the global economy that was only just starting to recover from the pandemic. Inflation takes off The pandemic and war are likely to speed up changes and trends that were already happening…
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