David Einhorn: The Speech Part 1

[xxxxyyyyz1]

Einhorn is the Coltrane of investment analysis.

[HillcrestCapital]

Any one read "More Money Than God: Hedge Funds and the Making of a New Elite"? He is described as "Infuriatingly boyish" by a Lehman staff member in the book. I think I cracked up for at least 5 minutes after reading that.

[blahha80]

Einhorn's a boss

[flash1thousand]

This man is a genius, just with a bad taste in ties.

[agolakchub]

I believe this is the ground-breaking speech he made (as documented in the terrific book: Too Big To Fail) regarding Lehman that allowed everyone in on exactly how lost Lehman was and how much leverage they were carrying - it was the beginning of the end for Lehman courtesy of all the shorts in the market - Fuld was squirming as he watched this - brilliant.

[Jspeterson]

he's so pleased with the superior intelligence he displays in this speech that he put this video on the front page of his website at foolingsomepeople.

[DRu9]

Now that Allied is kablooey I can only hope that the frauds (Roll, Sweeney, Walton) who ran the stinking pile of madness finding nothing but hardship, scorn, tumult, and disease in their lives. What a bunch of scumbags I swear. That's the thing about most of the frauds I've read about in detail - they just can't hang on forever the web unweaves at some point.

[30percentplusreturns]

A hedge is just admiting you are an idiot. I cant wait until krispy kreme goes to 0

[phigura153]

Do not confuse "intelligence" with WISDOM. Also,

do not confuse "information" with KNOWLEDGE.

See, Proverbs 9:10, KJV.

[phigura153]

How will companies raise capital without Investment

Banks, and Credit Raters like Moody's? Will they

not rely on companies like American Capital and

Dun and Bradstreet instead? Also, beware of the news

releases of American Capital. They will say that the

total compound rate of return on an investment was 20%.

But what they apparently mean is that if they made an

investment of $10 five years ago, when they sold out

their position, profit was $2. But in my opinion that is only

4% CAGR.

[30percentplusreturns]

moodys will be bankrupt. The whole credit rating system is over. Anyone who uses a moodys or fitch is out of their minds. These guys got everything wrong. You have to be a total idiot to rely on anyone other than your own talent if you are going to invest one dollar in any company. Get ready for the collapse of 2010. Alt A loans are set to reset like crazy. The crash hasnt even started.

[phigura153]

If you are going to short shares, make

sure you buy put options, to avoid losing a ton of cash,

in case the stock price rises and there is a margin call...

Level 3 assets do not trade in public markets and therefore

valuing those assets is an "art". Use inside information, if

you can, like Bud Fox and Gekko did in 'Wall Street'...Allied

Capital reminds me of American Capital. But in a world

without Moodys, companies like American Capital might be

the future.

[unconciousself]

You're a moron. You buy call options if you are shorting shares, put options if you are long.

[phigura153]

First point: How do you measure "intelligence"? On the

second: Yes, I said put, but meant call. This 'You Tube

site' does not permit you to edit your comments, only

remove them. A call option is a right to buy shares at a

specific price. It allows you to hedge against a rising

share price when you are betting the share price will

fall. A put option is a right to sell shares at a specific

price, and you are "in the money" if the share price

rises above that specific price.

[muaytb1]

over 100 million views for Avril's Girlfriend song and only 4,000 for this gem.

[chad17]

would anyone be able to tell me how old this speech is?

[guillermogg75]

2002

[ernestjames]

testament to the necessity for hedge funds.. thanks

[lucy1cat]

smart, smart guy. and shaping our financial landscape.

[turbojames]

I like this guy.