Famed hedge-fund manager David Einhorn (Greenlight Capital), the man who shorted Lehman Brothers, has been clobbered along with other Wall Street stars over the past few months. In his "I'm sorry about our awful performance" letter for the third quarter, however, Einhorn did include one nugget that a lot of Microsoft investors can probably relate to:
We wanted to share some thoughts on Microsoft (MSFT), which we closed during the quarter. We believe that we purchased the shares at an attractive time, and for a good while the investment worked nicely. As has been our habit of late, we overstayed our welcome as the shares peaked after the company announced a very good September 2007 quarter.
SUBSCRIBE AND FOLLOW
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements.Learn more