BusnessInsider tells us that JPMorgan didn't know, when it selected Indiana University student Sunjay Gorawara for its summer intern program, the bargain they were getting.
On Tuesday, Gorawara was just another impressive, highly talented business school student. On Thursday, he had been mentally tattooed with a stamp that said: David Einhorn and Bill Ackman think I'm awesome.
On Wednesday at the Ira Sohn Investor Conference in New York, Gorawara scored the jackpot of endorsements from Wall Street: Bill Ackman, David Einhorn, Michael Price and Seth Klarman plucked his stockpicking idea as the best out of hundreds of proposals in the Ira Sohn Investment Idea Contest.
Gorawara's prize-winning pick was for Bridgepoint Education -- a very game choice considering that at the same conference last year, Steve Eisman proclaimed that private education was the new sub-prime bubble, and Eisman was talking again this year, after Gorawara. Gorwara's presentation was -- even among those of heavy hitters like Ackman, Eisman, Einhorn, Phil Falcone and Jim Chanos -- seriously good.
Go figure.
Read more: http://www.businessinsider.com/sunjay-gorawara-ira-soh-investment-idea-winner-david-einhorn-bill-ackman-2011-5#ixzz1NZUTuIos
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