David Einhorn On The Next Crisis
David Einhorn, who I could lavish over for hours because he is essentially the person I want to be, spent some time with CNBC this morning to discuss the financial markets.
He went from being a very popular name to a global icon back in early 2008 when he became the leading voice against Lehman Brothers and their balance sheet.
The two had a vicious public battle where Lehman accused Einhorn of trying to talk down their stock in order to profit from his short position. Einhorn did not back down and continued to stay on record that the company was worth zero.
We all know how the story ended; a few months later the Lehman stock went to zero, and Einhorn has been enshrined into the "legendary" camp of investors.
His largest position today?
Gold.
He went from being a very popular name to a global icon back in early 2008 when he became the leading voice against Lehman Brothers and their balance sheet.
The two had a vicious public battle where Lehman accused Einhorn of trying to talk down their stock in order to profit from his short position. Einhorn did not back down and continued to stay on record that the company was worth zero.
We all know how the story ended; a few months later the Lehman stock went to zero, and Einhorn has been enshrined into the "legendary" camp of investors.
His largest position today?
Gold.
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