(b) Listen to the rumors.
- One interesting fact about rumors: they are often true.
- Also, rumors tend to run ahead of public disclosure of significant problems.
- It is important to pay attention to what is being said in the street about particular companies.
- It is also important to consider such information carefully so that false rumors are not perpetuated.
2003 - Dealing With Insolvencies In The Collection Of Reinsurance, Prepared by Peter H. Bickford*, For the American Conference Institute: Conference on Reinsurance Claims and Collections - 39p
2021 - Lessons Learned: Eric Dinallo, Journal of Financial Crises - 6p
- (p6) - I wrote an op-ed for the [Financial Times] that lays out that there's a law, that [hedge fund manager] Bill Ackman and I argued about.
- About not disparaging or questioning the solvency of an insurance company.
- You can short the stock all day, and you can go out there and trash MBIA stock all day.
- But when you start to question its solvency, that's actually against the law.
- <Financial Times Article: 2008 0731- FT - Dinallo - Tackle false rumours about insurance companies>