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VIC NYC - Greenlight Capital's David Einhorn short Lehman Brothers
Submitted by admin on Fri, 11/30/2007 - 10:39
David Einhorn, founder of successful hedge fund Greenlight Capital, said at the Value Investing Congress in New York why he does not like Lehman Brothers . He noted if Lehman announces a write-down then investors should be surprised because at the Merrill Lynch conference last week, Lehman said everything was fine.
Right after the quarter, the Chief Risk Officer left the company. The difference between 1998 and now, was in 1998 their were real underlying assets.
He noted if Lehman announces a write-down then investors should be surprised because at the Merrill Lynch conference last week, Lehman said everything was fine.
Right after the quarter, the Chief Risk Officer left the company. The difference between 1998 and now, was in 1998 their were real underlying assets.
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