David Einhorn's Greenlight Capital Q4 Letter to Investors

Greenlight Capital's Q4 Letter (pdf enclosed).
Brief:

  1. Last Quarter took a 4.9% beating, but was up 7.9% for the year.
  2. Longs made the money, shorts were losers (biggest: Marvell Technologies).
  3. Faith in GM, Sprint.
  4. Strange idea: Verizon to buy all of VOD ?
  5. Bearish on iron ore.
Attachment Size
Qlet2012-04.pdf 269.93 KB 269.93 KB
 

"Our coffee was too hot, our apple was bruised, and our iron supplements didn't go down smoothly." Just about sums it up. einhorn's always a good read

 

Quisquam voluptatibus commodi sit sed cum iste. Molestiae qui aut quibusdam iusto earum itaque quod. Iste magnam aut aut dolores quos dolore facere.

Iste atque eum eum sed optio est consequatur. Ipsam nisi molestiae fugiat qui harum error ea quae. Sed ipsa qui et voluptas facere rerum.

Tempora unde aut labore quia. Voluptates eos delectus dolorem dolor iusto. Sit et libero error eius.

Quas eligendi quis dicta in. Perferendis architecto saepe quam autem. Et non quod dolor voluptatibus qui magnam. Quia illum nam voluptatum dicta. Assumenda quibusdam explicabo dicta distinctio dicta et. Voluptatem et ab sunt quod.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”