Greenlight's David Einhorn hit home runs short selling and buying companies making big buybacks

The Cornell grad, a value-oriented hedge fund manager, found success pivoting to short selling and buying companies with big buyback programs.

Greenlight Capital's David Einhorn, a value-oriented hedge fund manager, found success pivoting to short selling and buying companies with big buyback programs. The Cornell grad founded Greenlight Capital in 1996 and went on to produce a whopping 26% annualized return for the next decade, far outpacing the broader market and many peers. His stellar track record propelled him to be one of the most followed hedge fund managers on Wall Street.

He did so by shorting a host of purportedly innovative technology stocks, such as those touted by growth investor Cathie Wood. That "was an exceptionally good year," Einhorn said in his 2022 investor letter. "In many ways it was our best ever and is most comparable to 2001, the year after the last technology bubble popped.

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