David Einhorn on WealthTrack
Read the full article at: http://link.brightcove.com/services/link/bcpid370322720/bclid1173345226/bctid1524597716
Submitted by SilverSlime on Sun, 2008-04-27 04:55.
(via link.brightcove.com)
How effective has the Federal Reserve been in heading off a financial and economic crisis? What’s left in its arsenal? We’ll ask NYU economist Mark Gertler, a close friend and collaborator of Federal Reserve Chairman Ben Bernanke. What role have the regulators played and what can investors do to protect their assets? We’ll consult successful hedge fund manager David Einhorn, CEO of Greenlight Capital and Peter Stamos, CEO of Sterling, Stamos Capital Management, a private investment firm that follows the endowment model pioneered by Yale and Harvard.
According to Einhorn, there
According to Einhorn, there are still significant risks in the market.
His value strategy is to first determine if a situation has been misunderstood by the market. Then he goes back to confirm it is cheap.
He recommends Arkema (ARKAY), a chemical company in France, Criteria Caixa (CRI), an investment company in Spain. Trades at a 35% discount to its holdings. He also mentions Microsoft (MSFT) and Target.