Posted On: 01/12/2016 8:04:58 AM
Post# of 98293
Employ David Einhorn at a Discount
The following link will take you to a valuation (.pdf format) of David Einhorn's Greenlight Capital Re ( NASDAQ: GLRE ) that is selling at a 23.35% discount to book for the first time since the company went public.
Quickly, Greenlight is an A rated reinsurance company. The same way Buffett with Geico, David Einhorn benefits the reinsurer by providing superior returns on the float through his hedge fund.
http://docdro.id/Kyktuxm
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"The more numerous any assembly may be, of whatever characters composed, the greater is known to be the ascendancy of passion over reason." - Federalist no. 58
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