Greenlight Flashes Yellow
David Einhorn’s hedge fund has sharply boosted the size of its short book.
David Einhorn is worried.
Yes, that’s the word he used in his second-quarter letter, although these are typically signed by the firm and not Einhorn himself. “If we were ‘bearish’ until March and ‘neutral’ through June, we would now characterize ourselves as ‘worried,’” the firm told clients.