Money and Finance
Book: Fooling Some of the People All of the Time
- The Einhorn Effect
Thanks to Andrew for passing this along. About 37 minutes into Herbalife Ltd.’s first-quarter conference call in May, the operator introduced hedge-fund manager David Einhorn. Listen to Mr. Einhorn’s back-and-forth with Herbalife president Des Walsh...
- David Einhorn Tells His Side Of The Story On The Fsa's Insider Trading Fine
Prominent hedge fund manager David Einhorn, who is known for seeing problems at Lehman Brothers and publicly shorting the stock prior to the bank's demise, was fined yesterday by the U.K. Financial Services Authority. Einhorn and his fund Greenlight...
- Motley Fool Interview With David Einhorn
Thanks to Matt for passing this along.David Einhorn is the president of Greenlight Capital and the author of Fooling Some of the People All of the Time, a compelling account of his battle with Allied Capital (NYSE: AFC). Einhorn also presciently called...
- Bloomberg Interview With David Einhorn
David Einhorn, president of hedge-fund operator Greenlight Capital Inc., talks about the European debt crisis and the U.S. labor market. Einhorn speaks with Betty Liu and Jon Erlichman on Bloomberg Television's "In the Loop."..........Also: Einhorn...
- 17th Annual Graham & Dodd Breakfast
GREAT presentation by David Einhorn: - 17th Annual Graham & Dodd Breakfasta keynote address by: David Einhorn, President, Greenlight Capital“Fooling Some of the People All of the Time”October 19, 2007 ...
Money and Finance
Heads Up Play With David Einhorn
If you’re going to commit financial fraud, you probably don’t want to find yourself sitting at a table across from David Einhorn, who will know what you’re up to and share it with the world. Similarly, if you’ve never played poker and have only ever had a 15 minute tutorial on the game, you probably should avoid playing with the Greenlight Capital founder, whose vastly superior skills will demonstrate just how much you suck. As I like to live on the edge, yesterday in an undisclosed location, I choose not to heed the wisdom of the latter. Over several hands, Einhorn and I discussed the new edition of his 2008 book, “Fooling Some Of The People, All Of The Time.”
The latest version includes an epilogue, and concludes the story of Allied and Einhorn’s years of trying to get other people to listen when he said something was up. As we now know, Allied’s shares collapsed, Greenlight collected $35 million, and the hedge fund made another big (and correct) call on a bank called Lehman Brothers, whose failure was, according to Einhorn, “the Allied story all over again,” just on a bigger scale, with more resounding consequences. Even after the last crisis, which should have been a wake-up call, Einhorn doesn’t think we’ve changed much and if anything, the reforms passed only “encourage poor behavior and will likely foster an even bigger crisis.” He and I chatted about that exciting event, Quantitative Easing, Steve Eisman’s illicit pleasure of choice and more, plus poker tips for people who really, really need them.
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The latest version includes an epilogue, and concludes the story of Allied and Einhorn’s years of trying to get other people to listen when he said something was up. As we now know, Allied’s shares collapsed, Greenlight collected $35 million, and the hedge fund made another big (and correct) call on a bank called Lehman Brothers, whose failure was, according to Einhorn, “the Allied story all over again,” just on a bigger scale, with more resounding consequences. Even after the last crisis, which should have been a wake-up call, Einhorn doesn’t think we’ve changed much and if anything, the reforms passed only “encourage poor behavior and will likely foster an even bigger crisis.” He and I chatted about that exciting event, Quantitative Easing, Steve Eisman’s illicit pleasure of choice and more, plus poker tips for people who really, really need them.
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Book: Fooling Some of the People All of the Time
- The Einhorn Effect
Thanks to Andrew for passing this along. About 37 minutes into Herbalife Ltd.’s first-quarter conference call in May, the operator introduced hedge-fund manager David Einhorn. Listen to Mr. Einhorn’s back-and-forth with Herbalife president Des Walsh...
- David Einhorn Tells His Side Of The Story On The Fsa's Insider Trading Fine
Prominent hedge fund manager David Einhorn, who is known for seeing problems at Lehman Brothers and publicly shorting the stock prior to the bank's demise, was fined yesterday by the U.K. Financial Services Authority. Einhorn and his fund Greenlight...
- Motley Fool Interview With David Einhorn
Thanks to Matt for passing this along.David Einhorn is the president of Greenlight Capital and the author of Fooling Some of the People All of the Time, a compelling account of his battle with Allied Capital (NYSE: AFC). Einhorn also presciently called...
- Bloomberg Interview With David Einhorn
David Einhorn, president of hedge-fund operator Greenlight Capital Inc., talks about the European debt crisis and the U.S. labor market. Einhorn speaks with Betty Liu and Jon Erlichman on Bloomberg Television's "In the Loop."..........Also: Einhorn...
- 17th Annual Graham & Dodd Breakfast
GREAT presentation by David Einhorn: - 17th Annual Graham & Dodd Breakfasta keynote address by: David Einhorn, President, Greenlight Capital“Fooling Some of the People All of the Time”October 19, 2007 ...