David Einhorn of Greenlight Capital is one of the best investors out there these days. I became familiar with him after reading his book Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story about his long and bitter struggle against Allied Capital.
It was a great book and I have followed his career with strong interest since. His financial analysis is simply brilliant and even when he's wrong you can honestly see why. This guy is super smart and also a lot of fun. That's David in the picture to the left playing in the World Series of Poker where he raised $659,000 for charity. He came in 18th place, by the way.
In a recent letter from Greenlight to its investors, Einhorn gave his opinion on inflation.
He's right and I've been saying the same thing here in this blog for YEARS. Read this blog post of mine from April 10, 2010. Not April 2011. April 2010, nearly thirteen months ago. Even better, use the search bar at the top of this page and enter "inflation" and see what turns up.
Smart investors listen to even starter investors like Einhorn. Ignore his words at your risk.