Canonical · Fraud & Short Cases · Presentation
Lehman Brothers Short Thesis (Ira Sohn)
David Einhorn / Greenlight · 2008
"Lehman's balance sheet is opaque and undercapitalized; its marks on illiquid assets are not credible."
In May 2008, David Einhorn presented a blistering short thesis on Lehman Brothers, exposing a massive $32 billion discrepancy in their commercial real estate portfolio. He proved the bank was functionally insolvent months before its spectacular collapse.
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Who Wants to Be a Millionaire? (Herbalife Short)
"Herbalife is a pyramid scheme that will be shut down by regulators; the stock is worth zero."
Bill Ackman / Pershing Square · DeckContinue→