Saturday 25 September 2010

Fooling Some of the People All of the Time, A Long Short Story

Fooling Some of the People All of the Time, A Long Short Story



Author: David Einhorn
Edition: 1
Publisher: Wiley
Binding: Hardcover
ISBN: 0470073942
Price:
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Fooling Some of the People All of the Time, A Long Short Story



A revealing look at Wall Street, the financial media, and financial regulators by David Einhorn, the President of Greenlight Capital

Could 2008's credit crisis have been minimized or even avoided? In 2002, David Einhorn-one of the country's top investors-was asked at a charity investment conference to share his best investment advice.Fooling Some of the People All of the Time, A Long Short Story review. Short sell Allied Capital. At the time, Allied was a leader in the private financing industry. Einhorn claimed Allied was using questionable accounting practices to prop itself up. Sound familiar? At the time of the original version of Fooling Some of the People All of the Time: A Long Short Story the outcome of his advice was unknownRead full reviews of fooling some of the people all of the time, a long short story.

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Fooling Some of the People All of the Time, A Long Short Story
Fooling Some of the People All of the Time, A Long Short Story

fooling some of the people all of the time, a long short story
Fooling Some of the People All of the Time, A Long Short Story ISBN: 0470073942 Author: David Einhorn; Foreword-Joel Greenblatt Publisher: Wiley Date: 2008-05-02 Qty Available: 1 Format:

Fooling Some of the People All of the Time A Long Short Story
Fooling Some of the People All of the Time is the gripping chronicle of the ongoing saga between author David Einhorn's hedg fund, Greenlight Capital, and Allied Capital, a leader in the private finance industry. Page by page, it delves deep inside Wall Street, showing why the6 billion hedge fund decided to short shares of Allied Capital and how Allied responded with a Washington, DC-style spin-job-attacking Einhorn and disseminating half-truths and outright lies.

Fooling Some Of The People All Of The Time: A Long Short Story
In 2002, Einhorn spoke publicly about Allied Capital--a leader in the private finance industry--presenting it as an excellent short opportunity. Einhorn describes the incredible events that followed his speech and how Allied and the investment community attacked him to protect the company--and its stock price. Informative and intriguing, "Fooling Some of the People All of the Time" details how the current environment on Wall Street--and the world of hedge funds in particular-- not only allows for such behavior, but how it protects the companies and attacks those who attempt to uncover them.--F

Fooling Some of the People All of the Time, A Long Short Story
Fooling Some of the People All of the Time, A Long Short Story: David Einhorn, Joel Greenblatt



Fooling Some of the People All of the Time, A Long Short Story Reviews


Short sell Allied Capital. At the time, Allied was a leader in the private financing industry. Einhorn claimed Allied was using questionable accounting practices to prop itself up. Sound familiar? At the time of the original version of Fooling Some of the People All of the Time: A Long Short Story the outcome of his advice was unknown. Now, the story is complete and we know Einhorn was right. In 2008, Einhorn advised the same conference to short sell Lehman Brothers. And had the market been more open to his warnings, yes, the market meltdown might have been avoided, or at least minimized.
  • Details the gripping battle between Allied Capital and Einhorn's Greenlight Capital
  • Illuminates how questionable company practices are maintained and, at times, even protected by Wall Street
  • Describes the failings of investment banks, analysts, journalists, and government regulators
  • Describes how many parts of the Allied Capital story were replayed in the debate over Lehman Brothers

Fooling Some of the People All of the Time is an important call for effective government regulation, free speech, and fair play.

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