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

Fooling Some of the People All of the Time Updated and Revised: A Long Short Story
by David Einhorn

Fooling Some of the People All of the Time Updated and Revised: A Long Short Story
List Price: $29.95
Our Price: $15.90
You Save: $14.05 (47%)
Availability: Usually ships in 1-2 business days
Buy Used: from $12.45 (click here)
Category: Book
See more book details and other editions


or

Book Summary Information

Author: David Einhorn
Foreword: Joel Greenblatt
Edition: Hardcover
Audio: English (Original Language); English (Published)
Published: 2008-05-02
ISBN: 0470073942
Number of pages: 380
Publisher: Wiley

Book Reviews of Fooling Some of the People All of the Time Updated and Revised: A Long Short Story

Book Review: Excellent Book
Summary: 4 Stars

This is an excellent book that gives you a view into the hedge fund world. Einhorn speaks in depth about proper valuation while criticizing the government agencies that are supposed to be regulated corporations.

While Einhorn does a superb job explaining his analysis, he does not complete the "long short-story" with the actual outcome. The reader much research further in order to determine the true outcome to his short sale of ALD.

Summary of Fooling Some of the People All of the Time Updated and Revised: A Long Short Story

A rare look inside the world of activist hedge funds from one of this country's top investors

In 2002, David Einhorn, the President of Greenlight Capital, gave a speech at a charity investment conference and was asked to share his best investment idea. He described his reasons why Greenlight had sold short the shares of Allied Capital, a leader in the private finance industry.

What followed was a firestorm of controversy. Allied responded with a Washington, D.C. style spin-job-attacking Einhorn and disseminating half-truths and outright lies. Undeterred by the spin-job and lies, Greenlight continued its research after the speech and discovered Allied's behavior was far worse than Einhorn ever suspected. Fooling Some of the People All of the Time is the gripping chronicle of this saga, and this edition contains all new updates from the author. Page by page, it delves deep inside Wall Street, showing how the $6 billion hedge fund Greenlight Capital conducts its investment research and detailing the maneuvers of an unscrupulous company. Along the way, you'll witness feckless regulators, compromised politicians, and the barricades our capital markets have erected against exposing misconduct from important Wall Street customers.

  • Goes behind the scenes to detail the truth about investing, short selling, and the politics of business
  • Shows the failings of Wall Street: its investment banks, analysts, journalists, and especially our government regulators
  • Offers insights into the battles surrounding hedge funds
  • Reveals the immense difficulties that prevent the government from sanctioning politically connected companies

At its most basic level, Allied Capital is the story of Wall Street at its worst. But the story is much bigger than one little-known company. Fooling Some of the People All of the Time is an important call for effective law enforcement, free speech, and fair play.

General Books

Book Subjects
Most talked about in General Books
You Can Never Be Too Rich: Essential Investing Advice You Cannot Afford to Overlook ImageYou Can Never Be Too Rich: Essential Investing Advice You Cannot Afford to Overlook
by Alan Haft
John Wiley & Sons Inc; Published: 2008-02-08; Unknown Binding; Book
Best price: $24.95
How to Break Into Pharmaceutical Sales: A Headhunter's Strategy ImageHow to Break Into Pharmaceutical Sales: A Headhunter's Strategy
by Tom Ruff
Waverly Press; Published: 2007-12-01; Audio CD; Book
Best price: $19.10
Price in other shops: $29.95
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition ImageInvestment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition
by Aswath Damodaran
Wiley; Published: 2002-01-18; Hardcover; Book
Best price: $52.22
Price in other shops: $95.00
Wise Investing Made Simple: Larry Swedroe's Tales to Enrich Your Future (Focused Investor) ImageWise Investing Made Simple: Larry Swedroe's Tales to Enrich Your Future (Focused Investor)
by Larry Swedroe
Charter Financial Pub Network; Published: 2007-09-01; Hardcover; Book
Best price: $14.00
Price in other shops: $24.95
Getting Started in Value Investing (Getting Started In.....) ImageGetting Started in Value Investing (Getting Started In.....)
by Charles Mizrahi
Wiley; Published: 2007-11-09; Paperback; Book
Best price: $11.05
Price in other shops: $19.95
The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act! ImageThe Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act!
by A. J. Monte, Rick Swope
Wiley; Published: 2008-01-02; Hardcover; Book
Best price: $16.67
Price in other shops: $29.95
The Bogleheads' Guide to Investing ImageThe Bogleheads' Guide to Investing
by Taylor Larimore, Mel Lindauer, Michael LeBoeuf
Wiley; Published: 2006-01-03; Hardcover; Book
Best price: $12.49
Price in other shops: $24.95
Get Your Assets in Gear!  Smart Money Strategies ImageGet Your Assets in Gear! Smart Money Strategies
by Jan Dahlin Geiger
Outskirts Press; Published: 2007-06-07; Paperback; Book
Best price: $12.25
Price in other shops: $15.95
Buffett: The Making of an American Capitalist ImageBuffett: The Making of an American Capitalist
by Roger Lowenstein
Weidenfeld & Nicholson; Published: 1996-02-12; Hardcover; Book
If It Doesn't Go Up, Don't Buy It! ImageIf It Doesn't Go Up, Don't Buy It!
by Al Thomas
Book Publishing Company (TN); Published: 1999-11-01; Paperback; Book
Price in other shops: $29.95
Similar Books and other products
The Panic of 1907: Lessons Learned from the Market's Perfect Storm ImageThe Panic of 1907: Lessons Learned from the Market's Perfect Storm
by Robert F. Bruner, Sean D. Carr
Wiley; Published: 2007-08-31; Hardcover; Book
Best price: $15.91
Price in other shops: $29.95
Mr. Market Miscalculates: The Bubble Years and Beyond ImageMr. Market Miscalculates: The Bubble Years and Beyond
by James Grant
Axios Press; Published: 2008-11-07; Hardcover; Book
Best price: $13.03
Price in other shops: $22.00
The Ascent of Money: A Financial History of the World ImageThe Ascent of Money: A Financial History of the World
by Niall Ferguson
Penguin Press HC, The; Published: 2008-11-13; Hardcover; Book
Best price: $15.11
Price in other shops: $29.95
Outliers: The Story of Success ImageOutliers: The Story of Success
by Malcolm Gladwell
Little, Brown and Company; Published: 2008-11-18; Hardcover; Book
Best price: $13.88
Price in other shops: $27.99
Panic: The Story of Modern Financial Insanity ImagePanic: The Story of Modern Financial Insanity
W.W. Norton & Co.; Published: 2008-11-17; Hardcover; Book
Best price: $13.97
Price in other shops: $27.95
The Black Swan: The Impact of the Highly Improbable ImageThe Black Swan: The Impact of the Highly Improbable
by Nassim Nicholas Taleb
Random House; Published: 2007-04-17; Hardcover; Book
Best price: $14.49
Price in other shops: $27.00
The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash ImageThe Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
by Charles R. Morris
PublicAffairs; Published: 2009-02-09; Paperback; Book
Best price: $7.67
Price in other shops: $13.95
The Snowball: Warren Buffett and the Business of Life ImageThe Snowball: Warren Buffett and the Business of Life
by Alice Schroeder
Bantam; Published: 2008-09-29; Hardcover; Book
Best price: $16.75
Price in other shops: $35.00
The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means ImageThe New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means
by George Soros
PublicAffairs; Published: 2008-05-05; Hardcover; Book
Best price: $8.99
Price in other shops: $22.95
When Markets Collide: Investment Strategies for the Age of Global Economic Change ImageWhen Markets Collide: Investment Strategies for the Age of Global Economic Change
by Mohamed El-Erian
McGraw-Hill; Published: 2008-05-23; Hardcover; Book
Best price: $14.00
Price in other shops: $27.95