A speech and Q&A with billionaire hedge fund (Third Point) founder, Daniel S. Loeb. In this speech Daniel talks about his early interests i business and investing before moving on to questions from the audience. The question mostly relate to finance and range from inflation to philosophy of investing.
1:13 Start of Daniel Loeb
2:06 Obsessed with stories
5:07 Approach to investing/ running a business
12:58 Early interest in investing/ Starting Third Point
17:41 Financial crash
24:26 Turning point of the crash
28:35 Start of Q&A
28:43 Is the current market rally sustainable?
30:17 Thoughts on inflation risk?
31:20 Opinion on Goldman Sachs?
32:07 Farmers will be the richest in the future?
34:37 Will the hedge fund fee structure evolve?
37:08 Motivation for letters to shareholders/ explanation of activist investing?
40:30 Favourite place to surf?
40:55 Taking cues from the market?
43:10 Transition of Citigroup to starting your own company?
45:58 Objective v Subjective investing in risk arbitrage, how does that relate to paintings?
49:09 Favourite investing books?
50:20 Do you foresee a consolidation of smaller hedge fund?
52:06 Do you invest your own money, do you see more regulation?
53:53 What’s your motivation and the most difficult part of running Third Point?
55:40 Philosophy as a Jew?
1:00:36 How long to take to analyse a security?
1:01:59 Employees and investors?
1:02:31 Benefitting from inflation?
1:04:22 Going from philosophy to finance?
1:06:33 Letter about clearing derivatives?
1:07:54 Outlook on how stakeholder are being treated?
1:13:40 Motivation to give back?
1:17:20 Will the US dollar be replaced?
1:18:26 Philosophy of detecting and rewarding to performers?
1:20:20 If you were in our shoes, how would you get ahead?
Interview Date: June 10th, 2009
Event: Birthright Israel Alumni Community Wall Street Series
Original Image Source:http://bit.ly/DLoebPic