Larry Summers’ Letter To President Obama

Larry Summers’ Letter To President Obama

As was reported earlier today by the WSJ, Larry Summers has withdrawn his name from the running to succeed Ben Bernanke as Chairman of the Federal Reserve. Until today, Summers was assumed to have been the front-runner that President Obama would select to fill the position. Now that Summers has exited the race, Janet Yellen appears the clear favorite.

Below is the letter sent by Summers to Obama withdrawing his name from consideration.

Larry Summers Letter to Obama

Mohnish Pabrai On Low-Risk Opportunities And The Recycling Sector

Mohnish PabraiIn his book, The Dhandho Investor: The Low–Risk Value Method to High Returns, Mohnish Pabrai coined an investment approach known as "Heads I win; Tails I don't lose much." Q3 2021 hedge fund letters, conferences and more The principle behind this approach was relatively simple. Pabrai explained that he was only looking for securities with Read More

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