We would like to welcome our latest Twitter follower, the esteemed David Einhorn who is the founder and President of Greenlight Capital, a long/short hedge fund.
We are honored, humbled and motivated to continue to strive for excellence through promotion of our Context, Momentum, Signal trading approach for all of our Twitter followers, but David’s addition is something special. Here is why.
Business Insider wrote an article about David Einhorn’s Twitter account in July of 2012 titled, “Meet The One Guy David Einhorn Follows on Twitter.” Well, it’s time for BI to update its article because David Einhorn saw it fit to follow a second account, us @TraderSkillset.
By the way, if you haven’t read David’s Fooling Some of the People All of the Time, it’s well worth a read; and, in fact, it’s Larry McDonald’s favorite finance book. Larry’s book, A Collasal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers is a terrific read as well.
And one more thing, The Wolf’s favorite finance book is When Genius Failed, the story of the collapse of Long Term Capital Management, which is all about hubris, wrong models, leverage and the old Yogi Berra quote, “In theory, there’s no difference between theory and practice. In practice, there is.”
The time zone we reference on our charts is Pacific Standard Time. Therefore, the U.S. cash market opens at 6:30 AM PST and closes at 1:00 PM PST.