Saturday Showdown: Einhorn, Berkowitz, and Japanese Idols
It’s a rare event when 2 big names in finance square off over a stock, and even rarer still that they take the battle public.
And that’s what’s been going on lately when Fairholme Capital Management’s Bruce Berkowitz took on Greenlight Capital’s David Einhorn in an epic struggle I now call:
The St. Joe Stockpicker Slugfest
Here’s the Tale of the tape:
Great post! These are two HEAVY hitters. I look forward to watching this play out.. These guys vehemently disagree about the financial sector. Bruce is heavily invested in banks right now and EInhorn still thinks shuns them for the most part.
It's amazing that two highly intelligent and successful investors can analyze the same stocks and sectors and take such disparate views.
looks like elnhorn si winning
Not to mention these guys have such similar strategies, this'll be interesting for sure and I think we all could learn from this.
Yeah I think so too, his presentation was just devastating and IMHO, a lot more convincing than Berkowitz's (who didn't really put much detail in his, not like he meant to)
Had a thought, Einhorn is definitely in a position to call up banks a few days before his presentation and have them make some crazy puts on JOE with a strike timed for or maybe a day after it, thereby making himself some $$$ on the 10 % drop.
Reverse pump and dump style.
While I doubt that he has that big of an ego or even did that sort of thing what are the rules on this?
Holy moly
Holy moly
The asian on the right.
Ozawa for sure who doesn't want the best of both color
I have to say it's a great post and would like to see who's view I take after; not only that but also this kind of behavior is a great example as to how people bring balance to the markets from a qualitatative point of view.
Greenlight/Einhorn have been called out before for talking their book, especially on shorts (Allied Capital and LEH spring to mind.) In the case of Allied, company management tried to get the SEC to pursue a case against Greenlight but ended up getting dinged themselves for their financial reporting. I doubt that they put their short on or altered their position right before the conference though.
Cool, I didn't know that happened with Allied. It's kinda weird though, in situations like these when do you put on your position? You're pretty much set in doing it anyway and you know it could fall as you present it but then again...
Sed id quas cupiditate voluptates occaecati veniam illum. Sint a aut debitis omnis voluptate. Laborum blanditiis cum molestiae dolore dolor neque.
Nihil dicta tempore est autem quae dolorum dolorum. Ratione ad dicta voluptates non totam inventore. Doloribus sint fugiat rerum error cumque qui.
Excepturi laborum libero repudiandae sunt. Assumenda laborum totam consequatur et recusandae eligendi velit. Et et amet fugit quasi hic. Possimus sed tempore quibusdam distinctio et. Nobis porro voluptatum vero voluptatem blanditiis provident qui. Vero et cumque officiis.
Praesentium reprehenderit sunt eveniet sint tempora recusandae iste. Autem qui quod dicta enim voluptatibus quo tempora. Non ut ut ut laborum. Molestiae nulla culpa blanditiis quas harum sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...