Home > Uncategorized > >Playing the don’t pass line

>Playing the don’t pass line

>

The New York Times’ Deal Professor blog features an examination of the legal issues related to vocalism (I won’t call it activism) by short sellers. Of course, the case study is Einhorn v. Lehman Bros. The writer, a law professor at UConn, draws the important distinction between “talking your book” and manipulating the market and doesn’t suggest that Einhorn is engaged in the latter. Comparing the strategy of Einhorn to playing the don’t pass line is a pretty good analogy. He may not be popular, but he is playing with the best odds.

This blog will compare the “moral authority” of activism by long- and short investors in the next week.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: