Fooling Some of the People All of the Time, A Long Short (and Now Complete) Stor

Description: FREE SHIPPING UK WIDE Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, Updated with New Epilogue by David Einhorn, Joel Greenblatt 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. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description A revealing look at Wall Street, the financial media, and financial regulators by David Einhorn, the President of Greenlight Capital Could 2008s credit crisis have been minimized or even avoided? In 2002, David Einhorn-one of the countrys 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 Einhorns Greenlight CapitalIlluminates how questionable company practices are maintained and, at times, even protected by Wall StreetDescribes the failings of investment banks, analysts, journalists, and government regulatorsDescribes 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. Back Cover Praise for FOOLING SOME OF THE PEOPLE ALL OF THE TIME "The culture of corporate greed that you depict is one that must be held to account if we are to prevent companies and bad actors from engaging in practices that are harmful, not only to investors, but also to our national economy." -- Senator Olympia J. Snowe "What you will find within the pages of this book will blow you away. This is a tale of deceit, fraud, misrepresentation, cloak-and-dagger antics, millions and millions of wasted taxpayer dollars, and an unbelievable amount of effort expended by Einhorn and others to bring it all to light. . .This book may go down as one of the classic financial forensics books of our time." -- Clyde Milton , Seeking Alpha "But the most troubling material concerns an issue that is bigger than Allied and Einhorns battle: its the way criticisms of corporate behavior are received in the marketplace. Many, including the SEC, appeared inclined to shoot the messenger." -- Bethany McLean , Fortune In 2002, David Einhorn--one of the countrys top investors--was asked at a charity investment conference to share his best investment advice. His response: short sell Allied Capital. At the time, Allied was a leader in the private financing industry with a reputation that had never been questioned. But Einhorn claimed Allied was using murky accounting practices to prop itself up. At the time of the original version of Fooling Some of the People All of the Time , the outcome of his advice was unknown. Now, the story is complete and we know Einhorn was right. He was right again when in 2008 Einhorn advised the same conference to short sell Lehman Brothers. With a new and substantial epilogue, the paperback edition of Fooling Some of the People All of the Time provides a detailed conclusion to the gripping battle between Allied Capital and Einhorns Greenlight Capital and describes how many parts of the Allied Capital story were replayed in the debate over Lehman Brothers. Flap Praise for FOOLING SOME OF THE PEOPLE ALL OF THE TIME "The culture of corporate greed that you depict is one that must be held to account if we are to prevent companies and bad actors from engaging in practices that are harmful, not only to investors, but also to our national economy." -- Senator Olympia J. Snowe "What you will find within the pages of this book will blow you away. This is a tale of deceit, fraud, misrepresentation, cloak-and-dagger antics, millions and millions of wasted taxpayer dollars, and an unbelievable amount of effort expended by Einhorn and others to bring it all to light. . .This book may go down as one of the classic financial forensics books of our time." -- Clyde Milton , Seeking Alpha "But the most troubling material concerns an issue that is bigger than Allied and Einhorns battle: its the way criticisms of corporate behavior are received in the marketplace. Many, including the SEC, appeared inclined to shoot the messenger." -- Bethany McLean , Fortune In 2002, David Einhorn--one of the countrys top investors--was asked at a charity investment conference to share his best investment advice. His response: short sell Allied Capital. At the time, Allied was a leader in the private financing industry with a reputation that had never been questioned. But Einhorn claimed Allied was using murky accounting practices to prop itself up. At the time of the original version of Fooling Some of the People All of the Time , the outcome of his advice was unknown. Now, the story is complete and we know Einhorn was right. He was right again when in 2008 Einhorn advised the same conference to short sell Lehman Brothers. With a new and substantial epilogue, the paperback edition of Fooling Some of the People All of the Time provides a detailed conclusion to the gripping battle between Allied Capital and Einhorns Greenlight Capital and describes how many parts of the Allied Capital story were replayed in the debate over Lehman Brothers. Author Biography 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 Parkinsons Research; and of the Robin Hood Foundation. Table of Contents Foreword xi Allied Capital Stock Price Chart xiv Whos Who xvii Introduction to This Edition xxi Introduction: The Spark of a Speech 1 Part One: A Charity Case and Greenlight Capital Chapter 1 Before Greenlight 9 Chapter 2 Getting the "Greenlight" 13 Chapter 3 Greenlights Early Successes 23 Chapter 4 Value Investing through the Internet Bubble 33 Chapter 5 Dissecting Allied Capital 43 Part Two: Spinning So Fast Leaves Most People Dizzy Chapter 6 Allied Talks Back 55 Chapter 7 Wall Street Analysts 65 Chapter 8 The You-Have-Got-to-Be-Kidding-Me Method of Accounting 73 Chapter 9 Fact—or Maybe Not 81 Chapter 10 Business Loan Express 97 Chapter 11 Disengaging and Re-engaging 105 Chapter 12 Me or Your Lyin Eyes? 111 Chapter 13 Debates and Manipulations 121 Chapter 14 Rewarding Shareholders 127 Chapter 15 BLX Is Worth What, Exactly? 135 Part Three: Would Somebody, Anybody, Wake Up? Chapter 16 The Government Investigates 145 Chapter 17 A Tough Morning 157 Chapter 18 A Spinner, a Scribe, and a Scholar 165 Chapter 19 Kroll Digs Deeper 171 Chapter 20 Rousing the Authorities 179 Chapter 21 A $9 Million Game of Three-Card Monte 193 Part Four: How the System Works (and Doesnt) Chapter 22 Hello, Whos There? 213 Chapter 23 Whistle-Blower 223 Chapter 24 A Naked Attack 237 Chapter 25 Another Loan Program, Another Fraud 245 Chapter 26 The Smell of Politics 255 Chapter 27 Insiders Getting the Money Out 265 Part Five: Greenlight Was Right ... Carry On Chapter 28 Charges and Denials 275 Chapter 29 Charges and Admissions 283 Chapter 30 Late Innings 297 Chapter 31 The SEC Finds a Spot under the Rug 311 Chapter 32 A Garden of Weeds 319 Chapter 33 A Conviction, a Hearing, and a Dismissal 331 Chapter 34 Blind Men, Elephants, Möbius Strips, and Moral Hazards 351 Part Six: Epilogue Chapter 35 Looking Back: As the Story Continued 359 Chapter 36 The Lehman Brothers Saga 361 Chapter 37 If They Asked Me, I Could Write a Book 367 Chapter 38 Just Put Your Lips Together and Blow 377 Chapter 39 Some Final Words to and from the SEC 387 Chapter 40 The Last Word 397 Glossary 401 Acknowledgments 407 About the Author 409 Index 411 Long Description Praise for FOOLING SOME OF THE PEOPLE ALL OF THE TIME "The culture of corporate greed that you depict is one that must be held to account if we are to prevent companies and bad actors from engaging in practices that are harmful, not only to investors, but also to our national economy." Senator Olympia J. Snowe "What you will find within the pages of this book will blow you away. This is a tale of deceit, fraud, misrepresentation, cloak-and-dagger antics, millions and millions of wasted taxpayer dollars, and an unbelievable amount of effort expended by Einhorn and others to bring it all to light. . .This book may go down as one of the classic financial forensics books of our time." Clyde Milton , Seeking Alpha "But the most troubling material concerns an issue that is bigger than Allied and Einhorns battle: its the way criticisms of corporate behavior are received in the marketplace. Many, including the SEC, appeared inclined to shoot the messenger." Bethany McLean , Fortune In 2002, David Einhorn one of the countrys top investors was asked at a charity investment conference to share his best investment advice. His response: short sell Allied Capital. At the time, Allied was a leader in the private financing industry with a reputation that had never been questioned. But Einhorn claimed Allied was using murky accounting practices to prop itself up. At the time of the original version of Fooling Some of the People All of the Time , the outcome of his advice was unknown. Now, the story is complete and we know Einhorn was right. He was right again when in 2008 Einhorn advised the same conference to short sell Lehman Brothers. With a new and substantial epilogue, the paperback edition of Fooling Some of the People All of the Time provides a detailed conclusion to the gripping battle between Allied Capital and Einhorns Greenlight Capital and describes how many parts of the Allied Capital story were replayed in the debate over Lehman Brothers. Details ISBN0470481544 ISBN-10 0470481544 ISBN-13 9780470481547 Format Paperback Author Joel Greenblatt Language English Media Book DEWEY 332.63228 Short Title FOOLING SOME OF THE-UPDATED/E Edition Description Updated Pages 448 Edition 1st Subtitle A Long Short (and Now Complete) Story, Updated with New Epilogue UK Release Date 2011-01-11 Year 2011 Publication Date 2011-01-11 NZ Release Date 2011-01-11 US Release Date 2011-01-11 Publisher John Wiley & Sons Inc Imprint John Wiley & Sons Inc Place of Publication New York Country of Publication United States Alternative 9780470073940 Illustrations Tables: 20 B&W, 0 Color Audience General AU Release Date 2010-11-18 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! 30 DAY RETURN POLICY No questions asked, 30 day returns! 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End Time: 2024-11-25T05:55:11.000Z

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