Own David Einhorn at a 20% discount

GLRE is an amazing opportunity and a new position for me that literally took five minutes to come to a conclusion about. In the Reinsurance business, it's unheard of for a company to have no debt on the books. With a book value of $24, you're able to purchase Greenlight RE, and the benefit of one of the greatest activist/value investors on the planet (David Einhorn), for a 23.5% discount to book.

"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