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  •  Fickle is Einhorn (8+ / 0-)


    Einhorn's advice to investors: don't take my advice

    (Reuters) - David Einhorn, one of the most closely followed managers in the $2 trillion hedge fund industry, had some blunt advice on Wednesday for his fellow investors: Do your own homework.

    Einhorn, this year's star attraction at the Sohn Investment Conference, an annual confab where the industry's top investors share their favorite trade ideas, wrapped up his presentation by offering some words of warning about his public comments.

    "It doesn't make sense to blindly follow me or anyone else into a stock," said Einhorn, president and co-founder of the $8.8 billion hedge fund Greenlight Capital. "Do your own work."

    He may have been talking to the converted. Einhorn's limited impact on Apple Inc shares after he implored the technology giant earlier this year to better use its cashpile has been noted by industry analysts. A cover piece in March by Bloomberg Businessweek, "When David Einhorn Talks, Markets Listen -- Usually," highlighted the failure of the "Einhorn effect" to work its magic on Apple.

    I want 1 less Tiny Coffin, Why Don't You? Support The President's Gun Violence Plan.

    by JML9999 on Wed May 08, 2013 at 09:22:23 PM PDT

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