Einhorn's Big Black Knight Bet Is Set to Pay Off

The video discusses David Einhorn's successful investment in Intercontinental Exchange's acquisition of Black Knight, highlighting his confidence in the deal despite market skepticism. It also covers the challenges faced by merger ARB funds, particularly due to regulatory hurdles from bodies like the FTC and CMA. The video emphasizes Einhorn's strategic patience and his history of successful event-driven investments, including his involvement with Twitter's buyout.

What is the main focus of David Einhorn's recent successful investment?

• A new tech startup

• Intercontinental Exchange's acquisition of Black Knight

• Microsoft's acquisition of Activision

• Twitter's buyout

What is a significant challenge faced by merger arbitrage funds?

• Lack of investor interest

• Regulatory hurdles from bodies like the FTC and CMA

• Economic recession

• High competition from tech companies

When is the Black Knight deal expected to close?

• In two years

• By the end of the year

• Right after Labor Day

• Next summer

How did David Einhorn view the certainty of the Black Knight deal compared to the market?

• He matched the market's certainty

• He was less certain than the market

• He had no opinion on the certainty

• He was more certain than the market

What quality has paid off for David Einhorn in the merger arbitrage industry?

• Quick decision-making

• Risk aversion

• Aggressiveness

• Patience and persistence