The Business Insider (Free subscription) | 9 hours ago
(This guest post originally appeared on the author's blog ) David Einhorn is without question an exceptionally bright man and a very astute investor. However, the latest message being delivered from his bully pulpit, proposing a ban on credit default swaps (CDS), is misguided at best and dangerous at worst. Are his motives for putting forth this radical view pure, or perhaps informed...
Wall Street Pit (Free subscription) | yesterday
David Einhorn is without question an exceptionally bright man and a very astute investor. However, the latest message being delivered from his bully pulpit, proposing a ban on credit default swaps (CDS), is misguided at best and dangerous at worst. Are his motives for putting forth this radical...
The Business Insider (Free subscription) | 11/07/2009
A surprising stance from David Einhorn: Henny Sender, FT: David Einhorn, founder of Greenlight Capital, was one of the earliest and most prescient users of credit default swaps. Now he is calling for these instruments, in effect a form of insurance on individual firms (or governments) that pays out when the institution defaults or restructures, to be banned. “I think...
Information Arbitrage (Free subscription) | 11/07/2009
David Einhorn is without question an exceptionally bright man and a very astute investor. However, the latest message being delivered from his bully pulpit, proposing a ban on credit default swaps (CDS), is misguided at best and dangerous at worst....
naked capitalism (Free subscription) | 11/07/2009
David Einhorn, who enjoys his considerable reputation for hard-fought battles against firms with shaky finances and dubious accounting (Alliance Capital and Lehman), has taken aim at a new and equally deserving target: credit default swaps. In an interesting bit of synchronicity, Einhorn’s comments in a letter to investors overlap to a considerable degree with a [...]
DealBreaker (Free subscription) | 11/06/2009
Having already made his millions on credit-default swaps, David Einhorn wants to see a last call on the controversial derivates. In his regular missive to Greenlight Capital investors, Einhorn lambasted CDS, blaming them for a whole array of social problems and calling them a slippery slope toward Stalinism. What to do with such a social virus? Stamp it out. "I think that...
GuruFocus Updates (Free subscription) | 11/04/2009
By Mike Covello. Last week I posted a write-up of GLRE as a way of investing along side David Einhorn. GLRE reported third quarter figures yesterday (11/02/09) and following are a few highlights. Read more » »
Financial Times (Free subscription) | 11/06/2009
When one of the world’s most renowned hedge fund investors turns 180 degrees on a key financial instrument that has been centre stage throughout the financial crisis, it is worth paying heed.David Einhorn, founder of Greenlight Capital, was one of the earliest and most prescient users of credit default swaps. Now he is calling for these instruments, in effect a form of insurance on individual...
SeekingAlpha.com (Free subscription) | yesterday
Paul Kedrosky submits: Lots of people are staking out positions around (and mostly against) investor David Einhorn’s FT-reported anti-CDS musings in his latest investor letter. I agree with David in many ways – and his writing is as fun as usual – but I don’t accept all of David’s reasons (although I agree the ability to so directly influence...
market folly (Free subscription) | yesterday
David Einhorn of Greenlight Capital calls for CDS ban [FT] Hedge fund giant surfaces in trading probe (SAC Capital) [Wall Street Journal] A call for help: Alan Cohen of York Capital Management needs our help in a blood stem cell match [Distressed Debt Investing] Interview with Hunter from Distressed-Debt-Investing.com [Simoleon Sense] Do hedge funds identify and share profitable ideas?...
market folly (Free subscription) | yesterday
... debated as many have pointed the fault-finger their way for their role in the financial crisis. David Einhorn of hedge fund Greenlight Capital has even shorted the ratings agencies . One of Chanos' points that we think investors actually *won't* forget is that 'helicopter finance' has a cost. Many prominent hedge fund managers (in addition to him) have harped on this point as the...
The Guardian (Free subscription) | yesterday
... chief financial officer of brokerage TD Ameritrade, finishing 15th in 2007 and hedge-fund operator David Einhorn placed 18th in 2006. Jimmy Cayne, the chief executive of Bear Stearns, is famous for his love of bridge – even playing in a tournament during the final frantic negotiations over the bank's fate in March 2008. The weekend's action whittled the event down to just two...
Credit Writedowns (Free subscription) | 11 hours ago
... Baker | Comment is free | guardian.co.uk BBC NEWS | Business | GMAC to get more bail-out funds David Einhorn vs the bloggers on credit default swaps – FT Alphaville Banks Choosing Treasury Bonds Over Loans – Real Time Economics – WSJ The other shoe drops at Caijing – James Fallows Larry Johnson Released by Chiefs After Inflammatory Tweets Share and Enjoy: Related posts: Links: 2009-09-30...
Infectious Greed (Free subscription) | 11/07/2009
Lots of people are staking out positions around (and mostly against) investor David Einhorn’s FT-reported anti-CDS musings in his latest investor letter. I agree with David in many ways – and his writing is as fun as usual – but I don’t accept all of David’s reasons (although I agree the ability to so directly influence the path to default...
Economic Forecasts & Opinions (Free subscription) | 11/07/2009
Asia and Pacific: Building a Sustained Recovery (IMF) Just Deserts and Markets Being Silly Again (GMO Jeremy Grantham) The Post-recessionary Global Economy: In Search of the New Normal (Knowledge at Wharton) Has Buffett Gone Bonkers or Was $44B BNSF Buy Another Stroke of Brilliance? (Y! video & article) Investing with Harvard Economics Professors (The Harvard Crimson) David Einhorn,...
