Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, Updated with New Epilogue

Name: Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, Updated with New Epilogue
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SKU: 9780470481547
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By David Einhorn

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( 4,139 ratings, 195 reviews)

Summary

In Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, Updated with New Epilogue, David Einhorn offers a detailed account of his battle against financial manipulation and misinformation. The book chronicles his efforts to expose fraudulent practices at Allied Capital, illustrating the challenges of standing up to entrenched powers in the finance world. With insights into investment strategy and market behaviour, the story unfolds like a financial thriller, highlighting the necessity of transparency in investing.
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Format: Paperback / softback

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Fooling Some of the People All of the Time, A Long Short (and Now C...

$37⁹⁹

Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book may appeal to you if you are interested in the world of finance and investment, particularly through the lens of hedge fund strategies and ethical conflicts. The author, David Einhorn, provides a compelling narrative of his experiences in short selling and offers an in-depth analysis of financial practices and market dynamics. The updated epilogue adds fresh insights, making it a valuable read for those keen on understanding the complexities of modern financial markets.

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.

Description

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 minimised 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: 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 minimised.

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.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Fooling Some of the People All of the Time by David Einhorn has garnered attention for its insightful and thorough analysis of investment practices and corporate governance issues. Readers appreciate its detailed narrative on financial markets, lauding Einhorn's transparency and the compelling storytelling of his experiences in hedge fund management. It is often described as educational and engaging, even for those not deeply versed in finance, offering a unique perspective on how deceit and failure to address financial misconduct can persist in the business world.

Book Details

INFORMATION

ISBN: 9780470481547

Publisher: John Wiley & Sons Inc

Format: Paperback / softback

Date Published: 11 January 2011

Country: United States

Imprint: John Wiley & Sons Inc

Illustration: Tables: 20 B&W, 0 Color

Contributors:

Foreword by Joel Greenblatt

Audience: General / adult

DIMENSIONS

Spine width: 36.0mm

Width: 152.0mm

Height: 231.0mm

Weight: 522g

Pages: 448

Collections

David Einhorn Finance & Economics Finance & Investment Non-Fiction

About the Author

DAVID EINHORN is the president of Greenlight Capital, which he cofounded in January 1996. Greenlight Capital is a value-oriented investment advisor whose goal is to achieve high absolute rates of return while minimizing the risk of capital loss. Einhorn is the Chairman of Board of Greenlight Capital RE and also serves on the boards of Hillel; The Michael J. Fox Foundation for Parkinson's Research; and of the Robin Hood Foundation.