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

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Exposing Wall Street's dark corporate realities.

If you've ever been curious about the murky underbelly of finance and the stock market, David Einhorn's battle with Allied Capital offers a riveting glimpse into how high-stakes investment can turn into a controversial war of integrity versus profit. This isn't just a book for finance buffs; it's a David vs. Goliath tale that might change the way you look at the financial headlines.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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

Regular price $45.90
Unit price
per
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ISBN: 9780470073940
Authors: David Einhorn
Publisher: John Wiley & Sons
Date of Publication: 2008-05-27
Format: Hardcover
Related Collections: Business, Economics, History, Politics
Related Topics: Finance, Money, History, Politics, Government
Goodreads rating: 4.01
(rated by 4127 readers)

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. This book 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, and describes the failings of investment banks, analysts, journalists, and government regulators. It also highlights how many parts of the Allied Capital story were replayed in the debate over Lehman Brothers. "Fooling Some of the People All
 

Exposing Wall Street's dark corporate realities.

If you've ever been curious about the murky underbelly of finance and the stock market, David Einhorn's battle with Allied Capital offers a riveting glimpse into how high-stakes investment can turn into a controversial war of integrity versus profit. This isn't just a book for finance buffs; it's a David vs. Goliath tale that might change the way you look at the financial headlines.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.