Thursday, June 26, 2008

Senseless Einhorn-bashing

This is a couple weeks old, but Whitney Tilson went all line-by-line on the NYT's ass for their idiotic coverage of David Einhorn and his position in Lehman Brothers.

For those who don't know, David Einhorn is a hedge fund manager who has been an outspoken critic of some of the companies whose stocks he is betting against, including Lehman, which is especially controversial given the "run on the bank" collapse of Bear Stearns back in March. Even though most of his $6b fund is invested long (i.e. in stocks) he is known more for his short selling and totally uncouth truth-telling about the shittiness of the companies in question.

Anyway I read his book about Allied Capital ("Fooling Some of the People All the Time") and finished it in two sittings. It's awesome, and the NYT needs to leave David aloooooone!

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