1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
CanadianValue
CanadianValue
Articles (4624) 

Greenlight Capital 2011 Letter to Investors

February 09, 2012 | About:

Not a great year by Einhorn's standards, being up roughly 2% across the funds.

One point of pride though — Greenlight was short the worst-performing stock in the S&P 500. First Solar (NASDAQ:FSLR) declined from $130 to $33 in 2011. The fund also did well on credit default swaps on European debt.

An interesting point is that for the second year in a row Greenlight's worst performing position was one designed to profit from the weakening of the yen.

If you have been following the GuruFocus articles on Kyle Bass, you will be a aware that a lot of smart people think Japan is headed for a European-type mess on a larger scale.

Green Light 2

About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.2/5 (13 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


yowie89Conservative - UK
pbarker46Worth a second look?
eugenewangGrowth
Vincent ChiaKey Metrics Filter w Display
illindalainvestAustralia 3: Manageable payout
rael22220/0/0/4
rael22220/0/0/3
rael22220/0/0/2
VaatetradeGraham
OptionPirateWACC8percentOverROIC_Pdouble52
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK