market folly

David Einhorn is the manager of hedge fund firm Greenlight Capital. He has returned 21.5% annualized and is well-respected in investing circles. At a recent event, Einhorn interestingly admitted that he did not read books all that often, but he did have a few suggestions for investors. Here is David Einhorn's recommended reading list:

- You Can Be a Stock Market Genius by Joel Greenblatt: Einhorn joins the copious amount of other hedge fund managers that have recommended this book. It takes a look at catalyst-based investing including spin-offs, mergers, risk arbitrage, and more.

- Margin of Safety by Seth Klarman: This hard-to-find and out-of-print book is a must for aspiring investment aficionados. It is written by one of the most successful hedge fund managers of our time and so it's no surprise that Einhorn recommended it.

- Liar's Poker by Michael Lewis: This is an insider's account of what really happens on Wall Street and is one of the most popular financial books out there.

- Fooling Some of the People All of the Time by David Einhorn: While Einhorn did not recommend his own book, we wanted to include it as it details his short selling battle with Allied Capital and features a foreword by Joel Greenblatt. After all, there's only a handful of books out there penned by prominent hedge fund managers.


For recommended reading lists from other top hedge fund managers, be sure to check out these other resources:

- Seth Klarman's recommended reading list

- Books recommended by Dan Loeb

- Hedge Fund Blue Ridge Capital's recommendations

- Warren Buffett's recommended reading list