| |  | Books : Fooling Some of the People All of the Time: A Long Short Story |  | | | | | | | | | |
List Price:$29.95
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Availability:Usually ships in 24 hours
Binding: Hardcover
Dewey Decimal Number: 332.620973
EAN: 9780470073940
ISBN: 0470073942
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 380
Publication Date: May 02, 2008
Publisher: Wiley
Sales Rank: 11226
Studio: Wiley
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Editorial Review:
Product Description:
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 the $6 billion hedge fund decided to short shares of Allied Capital and how Allied responded with a Washington, D.C.-style spin-job—attacking Einhorn and disseminating half-truths and outright lies.
Customer Reviews Average Rating: 
Rating:  - Interesting but depressing
This is an interesting story of a hedge fund manager who becomes obsessed with a short position in a company that seems, at a minimum, a little shady.None of the characters in the book are likeable and at the end of the book it's not clear if Einhorn is making a mountain out of a molehill or not. But it is a fascinating detailed look at an ugly mix of management greed, an investor's ego and government waste and intimidation.
Rating:  - Instructive and Informative, but Overdone and a tad Ironic
David Einhorn's book is about how deceptive and deceiving accounting can be, and how the government can foster corrupt enterprises.He does a particularly good job of showing how his firm (and others) discovers accounting discrepencies, and an important lesson is that one cannot take for granted financial statement numbers "blessed" by accounting firms.
Unfortunately, the book becomes incredibly tedious to read.He actually reviews too much data--reveals too much information here ... Read More
Rating:  - Boring ... unless ... you seek in-depth knowledge of short-selling
Very boring to read. Explains at length reasoning that leads to short sales. Unless short-selling is of particular interest to you or, if you face an imminent encounter with SEC, this book is unlikely to be of any value to you.
Rating:  - A closer look at modern wall st. and hedge funds
Fooling Some of the People All of the Time catalogs the incredible events that followed the author's fast rising hedge fund and the investment community that attacked him after sticking his neck out in a speech. The investment community attached to protect its interests, which provides a good lesson in today's financial crisis. The book gives an informative look at the ins and outs of wall street, and the lengths people there will go to attack companies and individuals who attempt to uncover untoward ... Read More
Rating: - A Great Detective Story
I like reading books about corporate collapses (eg about Enron and Worldcom), and this book, whilst not about a corporate collapse, details the author's extensive investigation into the accounting and other practices of Allied Capital. Both as a story and technically, this is an exciting book.
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