Einhorn's Greenlight Gained 27.7% in 2023 Despite Market Worries
-
Greenlight Capital gained 27.7% in the first 9 months of 2023. Einhorn said he is worried about market direction.
-
Einhorn expects higher oil prices which could squeeze consumers and cause a recession. He is on a "buyers strike".
-
Greenlight returned 12.9% in Q3 when S&P 500 lost 3.3%. Top performers were CONSOL Energy, Capri Holdings, Black Knight.
-
Einhorn sold Capri Holdings which was bought by Tapestry. He cut exposure to U.S. consumers.
-
Einhorn thinks geopolitical tensions will push stocks lower for more than a few hours. He'll look to buy beaten stocks later.