Money Rehab with Nicole Lapin · Wednesday, September 9, 2026
Nicole Lapin highlights David Einhorn's Greenlight Capital (GLRE) as an example of leveraging insurance float for hedge fund investments. She explains that by investing in the reinsurer, one gains exposure to both insurance profits and Einhorn's hedge fund picks, a strategy mirroring Warren Buffett's Berkshire Hathaway.
“David Einhorn, legendary short seller, the guy who called Lehman Brothers collapse before it actually collapsed, runs a publicly traded reinsurance company called Greenlight Capital, ticker symbol GLRE.”
“So when you buy GLRE, you're getting insurance profits plus Einhorn's side of hedge fund picks.”
“Insurance float as free investment fuel.”