We believe in constructing the portfolio so that we put our biggest amount of money in our highest-conviction idea, and then we view the other ideas relative to that. David Einhorn Read Quote
With poker, you have a resolution of the hand within a couple of minutes. Whereas, even if the thought process in investing is very much the same, you’re looking at an outcome that could be 2, 3, 4, 5 years from when you make the original decision. And the mindset related to that is very different. David Einhorn Read Quote
Most of the time, when someone tells you something, and it makes sense, it just makes sense. And that’s that. But sometimes it really doesn’t make sense. David Einhorn Read Quote
We never invent new reasons to continue with a position when the original reasons are no longer available. David Einhorn Read Quote
Our view is that just because Amazon can disrupt somebody else’s profit stream, it doesn’t mean that Amazon earns that profit stream. David Einhorn Read Quote
Obviously, I wasn’t expecting Wall Street to be a laid-back place. I was prepared for hard work. Sadly, much of the work the new guys were asked to do and the insane hours we were expected to keep had little to do with making the bank more productive. It felt more like hazing. David Einhorn Read Quote
In an industry that celebrates personal sacrifice as a symbol of commitment, you might not consider ‘making sure everyone gets home for dinner’ to be a mark of success, but creating and maintaining that culture is one of the things I’m most proud of. David Einhorn Read Quote
Investing in a poker game and investing in stocks, at least the way I do it, it’s a very similar skillset. David Einhorn Read Quote
On my best days, I fancy myself a combination of Dad’s persistence/patience and Mom’s toughness/skepticism. David Einhorn Read Quote
