Profit and Help Children: A Win-Win Event

The following commentary is from an investment professional with Clear Harbor Asset Management who is a participant in TheStreet's expert contributor program.

NEW YORK ( TheStreet) -- Want to hear hot tips from some of the greatest investors in the world? Do you also want to support cancer research and help children suffering from devastating illnesses? Sign up to attend the 2012 Ira Sohn Conference, which takes place on May 16 at Lincoln Center in New York City. It's not too late.

The animal spirits of capitalism typically don't mix well with the selfless altruism of charity, but the annual Ira Sohn Conference is one shining exception to that rule. For as little as a $1,500 tax-deductible donation, anyone can attend the event and hear the latest investment ideas from the likes of Greenlight Capital's David Einhorn and Pershing Square Capital's Bill Ackman presented in detail.

The conference is often a news-making, market-moving event and it's always an opportunity to hear candid, in-depth remarks from elite investors that rarely talk publicly and manage large, proprietary investment portfolios that have outperformed the market for years. Believe me, if you have any interest in picking stocks, listening to these guys talk is an education -- a very valuable education.

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In 2008, for instance, Einhorn sparked controversy at the conference by presenting a strong case that Lehman Brothers, one of the most prestigious investment banks in the world at that time, wasn't being honest with the public and investors about its precarious financial position. Four months later, Lehman filed for bankruptcy, an event that triggered the global financial crisis.

That same year, investor Michael Price recommended shorting shares of Citigroup ( C) and Wachovia (now part of Wells Fargo ( WFC)) and both stocks plummeted. In 2007, Ackman presented his report, "Who's Holding The Bag?" which was a withering takedown of bond insurers MBIA ( MBIA) and Ambac ( ABKFQ.PK), credit rating agencies like Moody's ( MCO) and really the entire financial system. We all know how that turned out.

Meanwhile, the money that you spend for registration -- and any additional funds you would like to donate -- are tax-deductible to the fullest extent of the law, and it all goes to a truly noble cause.