David Einhorn Is A Really Witty Writer Even After Having A Terrible Quarter

David Einhorn

Photo: AP Images

Hedge fund hot-shot David Einhorn, the founder of Greenlight Capital, sent out his fund’s fourth quarter letter to investors yesterday. The results were disappointing.

Greenlight was down 4.9% in the quarter making its year-to-date return 7.9%.  

Still, that doesn’t seem to get him too down.  His latest letter is actually surprisingly upbeat and witty.  

Here’s an excerpt: 

Greenlight Letter

Greenlight is short Green Mountain Coffee Roasters(GMCR), long Apple and short iron ore.  He’s also long Marvell Technologies, which was his “biggest loser” in 2012.  He still thinks the stock has an opportunity to sprint in 2013. 

SEE ALSO: David Einhorn Is Shorting Iron Ore >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.