David Einhorn Net Worth

David Einhorn Net Worth: She Says Investors Should Be Bearish On Stocks And Optimistic On Inflation!

Investor and hedge fund manager David M. Einhorn is from the United States. On November 20, 1968, he entered this world on a ship bound for New Jersey, United States.

Greenlight Capital is a “long-short value-oriented hedge fund” that he started and runs as president. Greenlight Capital was founded by Einhorn, a native New Jersey resident who attended Cornell University and earned a degree.

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David Einhorn Net Worth

According to authoritative sources, David Einhorn’s fortune is at least $1.8 billion as of March 3, 2023. David Einhorn owns roughly $895,000,000 worth of Dillard’s Inc. stock or over 2,515,347 shares. Director David Einhorn also owns about $560M of Green Brick Partners Inc (GRBK) stock, making him a 10% owner of the company.

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David Einhorn holds about $359M in CNX Resources Corp (CNX) stock and accounts for 10% of the company’s ownership. Marvell Technologies Inc (MRVL) and Fifth Street Asset Management Inc (FSAM) are additional holdings of David Einhorn. 

She Says Investors Should Be Bearish On Stocks And Optimistic On Inflation.

On Wednesday, David Einhorn of Greenlight Capital said he is maintaining his bearish outlook on the stock market due to the possibility of rising inflation and interest rates. You might also be interested to read about Drew Sidora’s Net Worth.

Einhorn remarked on CNBC’s “Halftime Report” that investors should be “bearish on markets and bullish on inflation.” To paraphrase, “I think we’re in a position currently that’s probably quite favorable for Main Street, but it’s going to be difficult and increasingly harder for financial assets.”

David Einhorn Net Worth

The prominent hedge fund manager speculates that the Federal Reserve may need to do more to counter persistent pricing pressures than previously anticipated, leading to a further increase in interest rates. Since October 2007, when they were last this high, the central bank has raised their target interest rate range.

“I think that both long-term and short-term rates are headed up and perhaps higher than what people are expecting,” Einhorn added. This past year has seen a dramatic increase in Treasury rates due to a number of rate increases. Check this Gwen Stefani Net Worth.

On Wednesday, the benchmark 10-year Treasury yield surpassed 4%, the first time since November. More dramatic increases were seen in shorter-term rates, with 6-month and 1-year yields both above 5% for the first time since 2007. There is an inverse relationship between bond yields and bond prices.

The Federal Reserve Board would like lower stock prices. That much is obvious,” Einhorn remarked. They should give less of a damn about the stock market going up or down, in my opinion.

Thanks in large part to his short position in a spate of breakthrough technology firms like those highlighted by growth investor Cathie Wood, Einhorn just had “an incredibly fantastic year” with a return of 36.6% in 2022. Must read about John Schneider Net Worth.

The three largest long positions held by Greenlight at the end of 2022 were in Green Brick Partners, Brighthouse Financial, and Consol Energy. He has previously stated that Atlas Air Worldwide, Consol Energy, Teck Mining, and merger arbitrage play Twitter were among his hedge fund’s major winners in 2022.

 

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