Einhorn on gold, sovereign risk, and more

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Rolfe Winkler

Two years ago, when he spoke at the Value Investing Congress, David Einhorn said Lehman was in deep trouble. Turned out it was a good call. Today he gave another keynote at the conference in which he argued the policies of the administration have put us on a very dangerous path, one which has encouraged him to buy physical gold as insurance against sovereign default(s).

Here’s a pdf of the speech. A few highlights below.

Einhorn on gold, sovereign risk, and more