Einhorn Cryptically Quotes Karl Marx In Letter To Investors

Capitalist David Einhorn, founder and president of Greenlight Capital, must like Karl Marx. At the conclusion of his fourth quarter investment letter, where he announced somewhat yawn inspiring 8 percent 2014 performance after delivering the bulk of that performance – +5.61 percent – in the fourth quarter alone, Einhorn quoted Marx without any seeming context.

“When the train of history hits a curve, the intellectuals fall off.” – Karl Marx

And so ended an investment letter, leaving one to wonder its meaning?

David Einhorn discusses the recent collapse in oil prices

Was their meaning in Einhorn’s discussion of “the recent collapse in oil” and the train of history hitting a curve?  Einhorn went on to laud the drop...