The Curse Of Triple A-David Einhorn’s Speech Presented At Ira Sohn Conference
May 28, 2009
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Great find via Lincoln Minor.
Click Here To Download David Einhorns Speech On Moodys (As A PDF)
Speech Excerpts via Lincoln Minor
We are short Moody’s Investor Service. If your product is a stamp of approval where your highest rating is a curse to those that receive it, and is shunned by those who are supposed to use it, you have problems.
Moody’s says that it has enormous incentive to do a good job with the ratings because the ratings are the brand. Imagine yourself the head of Moody’s a decade ago. If your goal was to destroy the brand, would you have done anything differently?
Click Here To Download David Einhorns Speech On Moodys (As A PDF)
