2016 IRA Sohn Conference

David Stemerman at Ira Sohn Conference [LIVE]

David Stemerman at Ira Sohn: coverage brought to you by ValueWalk.

David Stemerman at Ira Sohn Conference [LIVE]

David Stemerman is Founder and Portfolio Manager of Conatus Capital Management, a global long-short equity manager. Conatus Capital seeks to generate out performance from both long and short investments through individual stock selection based on in-depth, fundamental research into U.S. and global equities. Prior to launching Conatus Capital in 2008, David Stemerman was a partner and portfolio manager at Lone Pine Capital. Previously, David Stemerman was an analyst at equity long-short hedge funds Ulysses Management, the successor firm to Odyssey Capital, and HPB Associates and was an associate at McKinsey & Company.

David Stemerman at Ira Sohn Conference Live

3:39 PM EST: Stemerman, Tiger cub 2.0 is now presenting. Stemmerman bearish on South Africa (second one today, Druckenmiller recommended short too). Unsustainable income, unsound lending, cycle turn from boom to bust, the SA Banks are vulnerable.

3:41: South Africa banking is heading towards bust, says SA today similar to practices in subprime crisis in US.

3:46: Stemerman’s visits to SA revealed that half of loan officials had less than a year of experience. Says mainstream lenders have already begun to pull back, start of a meltdown.

3:48: African Bank is offering as much as $20,000 without collateral, says Stemerman.The bank gives out loans for no collateral, has grown 30 percent a year and taken 27 percent market share. Stemerman recommends short African Bank.

3:52 Presentation wraps up.

 

LEAVE A COMMENT


Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted & limited time offer for being a sophisticated and loyal reader.

ValueWalkPremium is a website and newsletter on the latest industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today and get our exclusive content for 40% off. This is our second biggest discount ever!!

Use coupon code VIP20 or click on the button below

Limited time offer only ENDS 2/29/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others

 

0