At the 2008 Ira Sohn Conference, David Einhorn gave a famously prescient take on Lehman Brothers before its collapse. Nothing like that happened like that this year, though he offered transparent ideas on some companies:
NEW YORK (Reuters) - Investor David Einhorn built his reputation as a hedge fund industry superstar through targeted presentations that took on companies like Lehman Brothers, MBIA and Green Mountain Coffee Roasters.But on Wednesday, Einhorn was more scattershot in a 15-minute talk at the annual Sohn Investment Conference, where he was one of most highly anticipated speakers.
As he launched into his talk, Einhorn warned the crowd that he would take them around the world in 137 slides, and he delivered. At breakneck speed he rattled off his worries about Martin Marietta Materials, reiterated his love for Apple and confounded listeners with his thoughts on Amazon.
But Einhorn, who runs hedge fund Greenlight Capital, didn't unveil any big investment idea at the conference as he did in 2008 with his critical and prescient take on Lehman Brothers.
It was that call that catapulted the conference, a charitable event that raises money for pediatric cancer research, into a must-attend event for wealthy investors.
And, unlike in most of his prior talks, Einhorn rarely said if his Greenlight Capital fund had taken a position in any of the stocks.
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NEW YORK (Reuters) - Investor David Einhorn built his reputation as a hedge fund industry superstar through targeted presentations that took on companies like Lehman Brothers, MBIA and Green Mountain Coffee Roasters.But on Wednesday, Einhorn was more scattershot in a 15-minute talk at the annual Sohn Investment Conference, where he was one of most highly anticipated speakers.
As he launched into his talk, Einhorn warned the crowd that he would take them around the world in 137 slides, and he delivered. At breakneck speed he rattled off his worries about Martin Marietta Materials, reiterated his love for Apple and confounded listeners with his thoughts on Amazon.
But Einhorn, who runs hedge fund Greenlight Capital, didn't unveil any big investment idea at the conference as he did in 2008 with his critical and prescient take on Lehman Brothers.
It was that call that catapulted the conference, a charitable event that raises money for pediatric cancer research, into a must-attend event for wealthy investors.
And, unlike in most of his prior talks, Einhorn rarely said if his Greenlight Capital fund had taken a position in any of the stocks.
Continue reading.
Also check out:
