paulibloom

Book Review: David Einhorn's 'Fooling Some of the People All of the Time'

The fact is the Einhorn was completely wrong period-full stop. During the intervening years, ALD has increase the dividend, and created a multi earnings backlog. Goldman Sachs and GE decided to be partners. The rest of this asset value stuff is a waste of time for Wall Street fools. Cash and cash flow are all that count-and ALD has increased that without mirrors. The incredible stupidity of Einhorn is that he does not recognize great investors who have outlasted everyone. Cash is always king and always wins-keep the dividends coming. It is amazing how many people are fooled by these arcane but baseless discussions.