Einhorn Cryptically Quotes Karl Marx In Letter To Investors

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Mark Melin
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InsiderMonkey (CC BY-ND 2.0) David Einhorn

Capitalist David Einhorn, founder and president of Greenlight Capital, must like Karl Marx. At the conclusion of his fourth quarter investment letter, where he announced somewhat yawn inspiring 8 percent 2014 performance after delivering the bulk of that performance – +5.61 percent – in the fourth quarter alone, Einhorn quoted Marx without any seeming context. “When the train of history hits a curve, the intellectuals fall off.” – Karl Marx And so ended an investment letter, leaving one to wonder its meaning? David Einhorn discusses the recent collapse in oil prices Was their meaning in Einhorn’s discussion of “the recent…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.