Greenlight Capital Q4 2016 Letter, L/S perspective
Greenlight Capital (GC) Q4 letter, is a good read-always and especially now. Einhorn has remarkable prescience and he didn’t do too badly either. GC generated 9% of gross alpha for 2016. He has lost money on shorts, shorting tobacco firm Reynolds American (RAI). Shorting tobacco “can be hazardous to portfolio …