16 David Einhorn Quotes for You to Enjoy

David Einhorn

American Businessman

Born: Nov 20, 1968

Every Investing Just Work World You

Related authors: Bill Gates Henry Ford Jim Rohn Les Brown Peter Drucker Stephen Covey Steve Jobs Warren Buffett

Both poker and investing are games of incomplete information. You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical. David Einhorn

You Looking Edge Incomplete Statistical Both Facts Investing Poker Situations Where Psychological Information Whether Certain Games Set

We take the traditional value investor's process and just flip it around a little bit. The traditional value investor asks 'Is this cheap?' and then 'Why is it cheap?' We start by identifying a reason something might be mispriced, and then if we find a reason why something is likely mispriced, then we make a determination whether it's cheap. David Einhorn

Determination Value Bit Find Something Take Cheap Investor Likely Identifying Make Around Traditional Just Process Whether Little Little Bit Might Ask Then Reason Flip Why Start

Microsoft could help Facebook with one of the biggest challenges, namely monetizing its traffic without reducing the user's experience. It's obvious that Microsoft needs traffic and Facebook needs search. David Einhorn

Needs Challenges Facebook Experience Could Namely Obvious Without Reducing Traffic Microsoft Biggest Biggest Challenges Help User Search

During my freshman year at Cornell, I joined my dorm's intramural football team. At the first practice, upper classmen pointed out I was tall, so I should try playing QB. Well half an hour later, it was abundantly clear that I should not be the QB. David Einhorn

Try First Half Practice Year Later Out Joined Pointed Football Clear Football Team Abundant Hour Well Tall Freshman Freshman Year Upper Dorm Should Team Playing

There's more at risk in what happens in Microsoft than I could ever bet on a poker table. David Einhorn

Table Bet Risk More Could Poker Than Microsoft Happens Ever

I've got a fantasy-baseball team with my brother. But I have to admit, he does all the work. David Einhorn

Work Brother Admit He Does Got Team

I rooted for the Milwaukee Brewers and its stars, Robin Yount and Paul Molitor. I went to a lot of games, including the World Series in 1982. The Brewers may have been a bad team for most of my life, but to have your team at its peak when you are thirteen years old is an experience I wish for every fan. David Einhorn

Life You Experience World Old My Life Wish Stars Every Bad Most Robin Been Years Lot May Fan Paul Rooted Your Games Team Series Including Peak World Series Milwaukee Thirteen

On my best days, I fancy myself a combination of Dad's persistence/patience and Mom's toughness/skepticism. David Einhorn

Best Myself Mom Combination Days Fancy Dad

After my undergraduate, I've written a thesis that was in the government department, but largely, it turned out almost an economic type of thesis. And I was very interested in that, and I wanted to go get a Ph.D. in Economics. David Einhorn

Government Economics Type Out Economic Written Almost Undergraduate Go Very Get Department Wanted After Interested Turned Thesis Largely

I worked in investment banking for two years. I was in a program where they kind of just owned you. And you - I didn't realize that I've signed up for that, which was one of the problems. I didn't know anybody who'd done this. David Einhorn

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

Success Home You Culture Commitment Dinner Sacrifice Mark Consider Everyone One Of The Things Maintaining Most Industry Sure Proud Making Personal Gets Might Creating Things Symbol

We never invent new reasons to continue with a position when the original reasons are no longer available. David Einhorn

Invent Never Longer New Continue Available Reasons Original Position

We try not to have many investing 'rules,' but there is one that has served us well: If we decide we were wrong about something, in terms of why we did it, we exit, period. David Einhorn

Try Rules About Something Investing Wrong Terms Period Well Were Exit Did Decide Us Many Why Served

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

You Decision Thought Looking Related Mindset Thought Process Outcome Minutes Could Investing Poker Couple Make Within Years Hand Very Same Different Whereas Process Much Original Even Resolution

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