We Approve

Here we have Greenlight Capital’s founder David Einhorn, playing a bit of poker…. at the final table of the 37th annual World Series of Poker. The shirt includes handprints from his wife and children. It’s an old picture, but we love it.

But we post it because of a new book. Einhorn is also the author of Fooling Some of the People All of the Time, about his frustrating efforts to short Allied Capital.

Not So Wonderful

Hedge Fund Manager Jimmy Stewart, representing Carlyle Capital, and other over-leveraged funds, explains investing to the banks.

For more on Carlyle and the onerous burden of margin calls: link and link.