Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
David Einhorn, hedge fund manager of Greenlight Capital, was on top form at the Ira Sohn Conference when he played a clip from Airplane II to illustrate his apprehension over the nation’s monetary policy.
The following from Business Insider:
“It’s a scene starring 80s model and actress Julie Hagerty as a stewardess, explaining to the passengers that the plane has been thrown off-course “just a tad …” (aka 500,000 miles) and that the navigation system has been shattered and can’t seem to change course.
“When she admits that they’re also out of coffee, there’s a mutiny on board! Signs around the cabin start flashing, “Don’t Panic.”
Followed swiftly by smoke and flames, and a flashing light with the updated advisory: “Ok, Panic!”
Over the P.A system, stewardess Jules says: “Listen to me, your crew is complete control of the situation.”
And the cabin signs start flashing, “BULLSHIT.”
Then: “UNBELIEVABLE BULLSHIT.”
After the clip played, Einhorn quipped: “Did anybody else notice that Julie Hagerty looks a little like Ben Bernanke?”
Here’s the clip:
Source: Business Insider, May 26, 2011.
David Einhorn slams Ben Bernanke was first posted on May 27, 2011 at 9:20 am.
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