Speaking Candidly

If you can’t say something nice about someone . . . be a short investor. But as this highly successful long-short value investor discovered to his chagrin, you better watch what you say.

In May 2002, David Einhorn made a fateful speech at the annual Ira W. Sohn Investment Research Conference.

Speaking as part of a program that featured such investing luminaries as Carl Icahn, former mutual fund manager Michael Price and current mutual fund manager William Miller of Legg Mason, Einhorn was asked to identify his best investment idea.

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