Description
Fooling Some of the People All of the Time: A Long Short Story is a compelling exploration of Wall Street's hidden truths and the failings of financial regulators. Authored by David Einhorn, President of Greenlight Capital, this book delves into the 2008 financial crisis, revealing critical lessons from past mistakes. Einhorn first gained notoriety in 2002 when he advised investors to short sell Allied Capital, exposing its questionable accounting practices. Fast forward to 2008, Einhorn's insight remained unheeded as he warned against Lehman Brothers. This narrative not only chronicled Allied Capital's downfall but also illuminated the broader systemic issues within the financial industry, including the complicity of investment banks, analysts, journalists, and regulators. This 448-page brand new book, published by John Wiley & Sons in 2010, is essential reading for anyone interested in investment strategies, finance, and the importance of accountability in corporate practices. With a powerful call for effective government regulation and fair play, Fooling Some of the People All of the Time is invaluable for investors and financial enthusiasts alike.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9780470481547
Year: 2010
Publisher: John Wiley & Sons Inc (US)
Pages: 448
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 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. 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.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9780470481547
Year: 2010
Publisher: John Wiley & Sons Inc (US)
Pages: 448
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 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. 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.