David Einhorn Quotes

There's more honor in investment management than in investment banking.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.

We have a very competitive and profitable investment bank and strong asset management capabilities. We want to continue to build on all those businesses organically.

It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.

I have nothing against investment banking, but it's like massaging money rather than creating money.

I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.

I know where I'm putting my money.

When you hear of somebody named Goldberg, you think of a guy sitting behind a desk investing your money.

We at Fidelity view ourselves just as much a financial information processing company as an investment management firm. That may not be too newsworthy.

Somebody needs to position you and introduce you, but after that, most of the bankers get represented with their large clients; mostly investors are their long-term clients and an investee is a short term client.

I hated being a junior investment banker. I loved the research business, the wealth management business.

My father was an investment banker, a stock broker.

I have someone who invests my money in a safe way so it continues to grow.

I founded SkyBridge - an alternative investment management company focused on seeding and partnering with emerging managers and mentoring Wall Street's next generation of Wall Street's entrepreneurs - in 2005.

Wealth management businesses are capital light businesses.

A vast industry of stockbrokers, financial planners, and investment advisers skims a fortune for themselves off the top in exchange for passing their clients' money on to people who, as a whole, cannot possibly outperform the market.

Diversification is your buddy.

A holding company is the people you give your money to while you're being searched.

A broker is a man who runs your fortune into a shoestring.

Owning stocks is like having children - don't get involved with more than you can handle.

Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.

As for another profession ... I suppose I'd manage a global-macro hedge fund. I love that kind of stuff. Weird, I know, but I find it fascinating.

In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.

Never mingle your speculative and investment operations in the same account nor in any part of your thinking.