Davideinhorn
A few notes about Day One (Monday, Oct. 17th) in the 2011 Value Investing Congress. You can follow their own live updates on Facebook or Twitter. We start with David Einhorn – he wasn’t the first speaker of the day, but things started to get interesting when he came onto the stage. Having attended both, the Ira Sohn Investment Conference is a better event: shorter in length, better attended and with better speakers, more focused and, we dare say, with more committed speakers.
That David Einhorn is a poker fan is not news, and his great book “Fooling Some of The People All of the Time” has been out for a while. But since there’s a new epilogue for the book, the DealBreaker blog did a fun interview with Einhorn over a few hands of heads-up poker – a game about which the reporter didn’t know the first thing. That’s a lesson in risk management right there. You won’t find brilliant investment insights or killer poker tips, but if you haven’t yet read the book and this post makes you finally do it, we’ll be happy.
There’s lots of interesting content in Amazon.com’s launch page for “No One Would Listen”, a book by the main whistleblower in the Bernie Madoff saga. The timeline in particular is very impressive: it shows that it took ten years to uncover the mess – nine since the first contact with the SEC – by which time the problem was irreversible. And that’s far from the only case, which begs a question… How do we justify still having institutions supposed to keep watch so unready and unwilling to investigate red flags?
David Einhorn of Greenlight Capital is a fixture of the NY Value Investing Congress – and it’s always useful to take some time to read his thoughts.
