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Sunday, 19 January 2014

With Great Power comes Great Responsibility: Modesty in business

This is a common concept, if you are powerful, use that power responsibly. Today, I want to talk about David Einhorn. Founder of Greenlight Capital, David Einhorn is a successful hedge fund manager. On Bloomberg, it was said that "one word from him can send a stock surging on plummeting". He was massive power over the stock market, as he can potentially change the fate of a company. Now this power could be used to take out your personal vendetta over companies, by sending stocks down, or responsibly and truthfully. It was a clear situation, while Mr Einhorn was talking in an interview with CNBC, as he was speaking, the stocks started changing instantly, based on everything he said! It takes great skill and self control to have such great power, and use it responsibly. "Mad with power" is not an option, and Mr Einhorn is doing fabulously.

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