Investor David Einhorn On Long-Term Value Investing

Value investor David Einhorn has received a lot of negative press in recent years thanks to a few years of underperformance. The criticism levied against Einhorn, and Bill Ackman is an example of how the hedge fund world’s short-term focus is damaging to both managers and investors alike. [munger] Value Investor David Einhorn started his fund Greenlight Capital in 1996 with $900,000 and has since gone on to produce 16.5% annualized returns for investors by the end of 2016. Similarly, while Ackman and his team might have had a rough few years, since inception in 2004, Pershing Square Holdings has produced…