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When Einhorn Talks, Markets Listen—Usually
Nick Summers, Businessweek
The Fountainhead |
David Einhorn, who grew up outside Milwaukee and graduated from Cornell University, founded Greenlight [Capital] in 1996. Since then the fund has returned an annual average of just under 20 percent, earning Einhorn the respect of both friends and rivals. “Have you ever read the book The Fountainhead?” says Curtis Schenker, president of hedge fund Scoggin Capital Management. “I think David is like Howard Roark. There are probably on Wall Street 20 original thinkers, and everyone else copies what other people are doing. And David is an investor who’s an original thinker.”
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