Corporate executives offered an industry perspective of how to look for value creating opportunities and how to create value. I have followed and periodically invested in and traded JOE through the years and have recently wondered if it was time to start nibbling again. If you buy at an attractive price you can have a margin of safety. Charlie Munger calls a “too hard pile” is a tremendously valuable thing. George Soros calls this phenomenon “reflectivity.” When people start acting in some way because other people are acting in the same or similar ways nonlinear results can happen both to the upside and the downside. For example, cash can quickly move from being available quite easily, to being very scarce. As another example, the price of an asset can suddenly jump in a big way. The speed at which this can happen is often forgotten by people and is underappreciated until that time arises. Market extremes do occur since people do not make decisions independently. Griffin. I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. Before then I was the fourth employee of a startup known as Teledesic, which at one point raised funds at a valuation of $3 billion. Street’s best and brightest investors participate in this unique, “must attend” event to share their expertise with an audience of more than 3,000 people, comprised of portfolio managers, asset allocators and private investors. Wave Sohn brings the next generation of talent to the Sohn Investment Conference. Held during the morning of the Sohn Investment Conference, Next Wave Sohn offers attendees a chance to hear Wall Street’s brightest rising stars. Pershing Square, Mr. Ackman co-founded Gotham Partners Management Co., LLC, an investment adviser that managed public and private equity hedge fund portfolios. Greenlight Capital, Inc., David worked at Donaldson, Lufkin & Jenrette (DLJ) as an analyst in the Investment Banking Group. After DLJ, Mr. Einhorn joined Siegler, Collery & Co., a buyout and investment management firm, as an investment analyst.