Thursday, June 8, 2023

How Crispin Odey evaded sexual assault allegations for decades; Instagram Connects Vast Pedophile Network; GameStop shares plunge; Making of the Meme King; Ukraine launches counteroffensive against Russia

By Whitney Tilson

1) The front pages of today's Financial Times and Wall Street Journal feature two exceptional pieces of journalism that are likely to bring about important and much-needed changes. First, the FT has exposed one of London's best-known hedge fund managers as a serial sexual predator: How Crispin Odey evaded sexual assault allegations for decades. Excerpt: For more than three decades, Crispin Odey has reigned over London's hedge fund scene as an eccentric with a reputation for delivering enormous returns as well as devastating losses. Odey Asset Management, his firm, was once one of Europe's largest hedge fund companies and Odey, the man, a character from a bygone era of finance. An imposing figure at over 6ft tall, he cultivated an image as an unapologetically posh gentleman rebel. This newspaper once described him as "a large puppy in a pinstripe suit". He used his wealth and influence to boost the country's Conservative party, back Brexit and cultivate friendships with former prime m


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About Whitney Tilson

Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to more than $200 million.

Tilson graduated magna cum laude from Harvard College with a bachelor's degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.

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Whitney is one of the most connected investors I’ve met. He’s been able to tap into an infinitely deep and unique network of people to come up with great insights into ideas and develop them that other people just can’t do because they don’t have the kind of network he does.

—John Petry