Speakers — New York 2005

Arnie Alsin
Arnie Alsin

is the Portfolio Manager of The Turnaraound Fund™ and manages private accounts for Alsin Capital Management, Inc. He writes frequently on investing for TheStreet.com and Realmoney.com, and has made numerous television appearances as a guest on CNBC, Bloomberg and FOX.

Bill Ackman
Bill Ackman

is the Managing Member and General Partner of Pershing Square, L.P. Prior to forming Pershing Square, he co-founded Gotham Partners, L.P. in 1993, a public and private equity investment partnership. Mr. Ackman earned an MBA from the Harvard Business School.

Zeke Ashton
Zeke Ashton

is the Founder and Managing Partner of Centaur Capital Partners, a Dallas-based value-oriented investment firm. He and Co-Portfolio Manager Matthew Richey are the advisors to the Centaur family of private partnerships using a long / short equity strategy, and are the sub-advisors to the Tilson Dividend Fund.

James Chanos
James S. Chanos

is the Founder of Kynikos Associates, the largest investment firm devoted exclusively to short selling. Throughout his career, he has shorted the shares of many corporate disasters. Barron's called his brilliant short of Enron "the market call of the decade, if not the past fifty years."

David Einhorn
David Einhorn

is the President of Greenlight Capital (a value-oriented investment advisor) and believes an investment approach emphasizing intrinsic value will achieve consistent absolute investment returns and safeguard capital regardless of market conditions. He is a noted activist investor. Prior to founding Greenlight, he was at DLJ.

Herb Greenberg
Herb Greenberg

is the Senior Columnist for Dow Jones' MarketWatch and is Editor of Herb Greenberg's Reality Check, a subscription newsletter. He spent 6 years as Senior Columnist for TheStreet.com. Mr. Greenberg has appeared frequently on CNBC and the Fox News Channel, as well as PBS' Wall St. Week with Fortune. Mr. Greenberg spent 10 years as the Senior Business Columnist of the San Francisco Chronicle.

Joel Greenblatt
Joel Greenblatt

is the Founder of Gotham Capital and has one of the greatest investment track records ever, compounding at 40% annually for over 20 years. He is an Adjunct Professor at Columbia Business School, where he teaches "Value and Special Situation Investing," is the author of You Can Be a Stock Market Genius and The Little Book That Beats the Market, and is the Founder of ValueInvestorsClub.com

Seth A. Klarman
Seth A. Klarman

is President of The Baupost Group, LLC, which currently manages about $5.4 billion. He is the author of Margin of Safety. Mr. Klarman, a 1982 graduate of Harvard Business School, where he was a Baker Scholar, has been a senior lecturer on value investing there.

Bill Mann
Bill Mann

is Senior Investing Editor at the Motley Fool and Co-Advisor for the Motley Fool's small cap newsletter, Hidden Gems. In 2001, he testified before the Senate Banking Committee regarding the collapse of Enron. He has also appeared on CNBC, Fox News, and in the Washington Post.

John Mauldin
John Mauldin

is the President of Millenium Wave Investments and a prolific author. He is the Editor of Thoughts from the Frontline, an E-letter which goes to almost 2,000,000 readers weekly. He is the author of the New York Times' best-seller Bull's Eye Investing, which emphasized the importance of value investing, and the new book, Just One Thing.

Richard S. Pzena
Richard S. Pzena

is Chief Investment Officer of Pzena Investment Management, a deep value, U.S. equity manager responsible for over $10 billion of client assets and manages the John Hancock Classic Value Fund. He was named the Institutional Investor All-America Research Team.

Lisa Rapuano
Lisa Rapuano

is the Founder and Portfolio Manager of Lane Five Capital Management in Baltimore. She has 14 years of investment-management experience as an analyst, as sole manager of the $3.5 billion Legg Mason Special Investment Trust mutual fund, as a Director of Research, and as a long/short hedge fund manager at Matador Capital Management. As sole manager of the Legg Mason Special Investment Trust from 2001 - 2003, her cumulative returns ranked in the top 8% of mid-cap core mutual funds, according to Lipper. From late 1997 through 2000 she co-managed this fund with Bill Miller.

Larry Robbins
Larry Robbins

is the Founder, Portfolio Manager, and CEO of Glenview Capital Management. Glenview has more than $7B in assets under management split between the Glenview Funds (US long/short) and the Little Arbor Funds (diversified, multi-strategy). Prior to forming Glenview, Larry spent six years as an analyst and partner at Omega Advisors.

Eric Rosenfeld
Eric Rosenfeld

is CEO of Crescendo Partners, LP. Prior to 1998, he held the position of Managing Director at CIBC Oppenheimer and its predecessor for 14 years. Mr. Rosenfeld is presently on the board of 5 public companies, is on the faculty of the Director's College and is a visiting lecturer at Columbia Business School.

Mark Sellers
Mark Sellers

is the Portfolio Manager for Sellers Capital Fund (SCF). The fund has returned approximately 30% annually (gross) since inception on August 1, 2003. Prior to forming Sellers Capital, Mr. Sellers was Chief Equities Strategist at Morningstar, and Editor of Morningstar StockInvestor, a monthly newsletter with approximately 40,000 subscribers.

Kenneth Shubin Stein
Kenneth Shubin Stein

MD, CFA is the Founder of Spencer Capital Management, LLC. Before this, he was a portfolio manager at Promethean Investment Group LLC. Dr. Shubin Stein is a graduate of the Albert Einstein College of Medicine and Columbia College.

Whitney R. Tilson
Whitney R. Tilson

is the Founder and Managing Partner of T2 Partners LLC, which manages three private investment partnerships and the Tilson Mutual Funds. He is Co-Editor-in-Chief of Value Investor Insight. Tilson has been a guest on Lou Dobbs Moneyline and Wall $treet Week, has been profiled by the Wall Street Journal and is a regular columnist for Financial Times. He is the Co-Founder and Chairman of the Value Investing Congress.

 Glenn H. Tongue
Glenn H. Tongue

is the Managing Partner of T2 Partners LLC and the Tilson Mutual Funds. Mr. Tongue spent 17 years on Wall Street, most recently as an investment banker at UBS, where he was a Managing Director and Head of Acquisition Finance. Before UBS, Mr. Tongue was at DLJ for 13 years, the last three of which he served as the President of NYSE-listed DLJdirect. Prior to that he was a Managing Director in the Investment Bank at DLJ, where he worked on over 100 transactions aggregating more than $40 billion.

Chalres de Vaulx
Charles de Vaulx

is Chief Investment Officer of the Arnhold and S. Bleichroeder Advisers, LLC Global Value Team, and Portfolio Manager of the First Eagle Global, Overseas, Gold, U.S. Value and Overseas Variable Funds. Mr. de Vaulx and former Co-Manager, Jean-Marie Eveillard, were Morningstar's International Managers of the Year.