Very few hedge fund managers receive as much hype and attention as David Einhorn would get with just a simple interview. There is a new term used now to describe a bearish stance or advice coming from Einhorn itself. The term coined is getting "Einhorned."
The public viewpoint on the Greenlight Capital head honcho stems from his no qualms style of criticizing companies where he has an interest followed by a short position. He is also not afraid to battle blue chip companues, such as Microsoft CEO Steve Ballmer back in 2011. When he suggested Ballmer should resign, stock values of the firm rallied. Just recently, Einhorn instigated both a public relations and legal assault on Apple because of the company's capital allocation policy. Despite such clashes, he still makes Apple one of his top stock picks.
Einhorn had divested a majority of its shares in Microsoft while he loaded up on Apple shares this year. While there is no doubt that Apple is at the center of the currrent technological revolution with shareholder rewards a thousand times over. At the fringes though remains Einhorn, along with many others in the future that follow him, who would not hesitate to criticize business practices of companies not just for his own benefit but for fellow shareholders in the market.
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