The Housing Crisis: Where Are We Now, What Does the Future Hold and How Can One Profit From It?
Thursday, May 7, 2009
8:00 – 10:00 am, Continental Breakfast
Whitney Tilson
Co-founder and Chairman of the Value Investing Congress
Event Chairs: Jim Altenbach, CFA & Holmes Osborne, CFA
During recent years a flood of liquidity fueled a worldwide asset bubble, in which the most significant element was the Great Mortgage Bubble in the United States. The unwinding of the mortgage bubble remains the primary driver of the credit crisis that is reverberating through the global financial system. This presentation will share an in-depth analysis of the state of the housing and credit crisis and a prediction of what the future may have in store. As it relates to investing, has a full decline in the market already priced into securities? This session will close with a comment on the current opportunity-set, discussing if a full market decline has been priced into securities and where the best opportunities can be found on the short and the long side.

Whitney Tilson is the co-founder and Chairman of the Value Investing Congress, a biannual investment conference. The next Congress will be on May 5-6 at the Langham Huntington Hotel in Pasadena -- see for further information. He is also the co-founder of investment newsletters Value Investor Insight and SuperInvestor Insight. He writes a regular column on value investing for Kiplinger's Personal Finance, has written for the Financial Times and, and was one of the authors of Poor Charlie's Almanack, the definitive book on Berkshire Hathaway Vice Chairman Charlie Munger. He was featured on 60 Minutes in December 2008, was one of five investors included in SmartMoney's 2006 Power 30, was named by Institutional Investor in 2007 as one of 20 Rising Stars and appears regularly on CNBC and Bloomberg TV. He received an MBA with High Distinction from the Harvard Business School , where he was elected a Baker Scholar, and graduated magna cum laude from Harvard College , with a bachelor's degree in Government.
Members: $20.00
Non-members: $40.00
Time: 8:00 – 10:00 am, Continental Breakfast
Location: Omni Hotel Downtown Los Angeles
251 S. Olive Street       
Parking:Hotel Valet $12. 
Payment Information:
Payment methods accepted: 
Visa/Mastercard, American Express and Discover. If you prefer to pay by check please register online and select "purchase order" as your payment option and enter your last name as the purchase order number. Mail check to: CFA Society of Los Angeles, 350 S. Grand Ave, Suite 1680, Los Angeles CA 90071.
Credit card payments will not  be accepted, nor should be given, by phone or email.
Cancelations must be made in writing (e-mail or fax to 24 hours in advance of the event. 
All no shows will be charged the the non-member rate.
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