A revealing look at Wall Street, the financial media, and financial regulators by David Einhorn, the President of Greenlight CapitalCould ‘s credit crisis have . By David Einhorn. In , David Einhorn, the President of Greenlight Capital, gave a speech at a charity investment conference to benefit a children’s cancer. Fooling Some of the People All of the Time, A Long Short by David Einhorn, Stocks: ALD,ARCC,,JOE,GLRE, David Einhorn, release.
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The inside story of the clash of two of Wall Street’s biggest, richest, toughest, most aggressive players – Carl Icahn and Bill Ackman – and Herbalife, the company caught in the middle. With their billions of dollars and their business savvy, activist investors Carl Icahn and Bill Ackman have the ability to move markets with the flick of a wrist.
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Fooling Some of the People All of the Time, A Long Short by David Einhorn
Now, he wants to settle accounts. If you thought Wall Street was about alpha males standing in trading pits hollering at each other, think again.
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Fooling Some of the People All of the Time, A Long Short by David Einhorn –
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InDavid 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. 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 foo,ing new updates from the author. 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.
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.
A wonderful, albeit heavily detailed account, of Einhorn’s search for corporate justice. Given what has happened in the capital markets the past several years, it is easier now to understand the incompetence of regulators. Still, it is a little curious that Einhorn found so few takers of his perspective among what would have appeared to be unbiased professionals journalists, professors, investors.
Also disappointed how casually he dismissed the abusive and illegal tactics of naked short selling. But he does tell a convincing tale and one that should make us think every time we read a glowing account from a Wall Street analyst. My biggest disappointment was the absence of the epilogue that is included in the newly published book version. Since Allied hit the wall after the completion of this book, I was very much looking forward to hearing how the market finally caught on to the systematic fraud and deception.
It would be nice if Audible. I am very unsophisticated about the financial system. Since the Recession began I have comprehended small bits of what happened and who einohrn players are, but the picture is so big it’s overwhelming.
There is plenty of blame and finger-pointing to einhoorn around.
This ravid essentially the story of one man’s attempt to call attention to corporate criminal behavior and hold the felons accountable. However, it gave me a window into the workings of the financial system, its non-regulators, and the how fraud corrupts our political and financial system to threaten our way of life.
I also gained insite into the paralysis of government, and why our politicians have become so unrepentant about their corruption. The Sociopath Next Door because it explains institutional davjd clearly without einhoen talking down to the reader. Pushing readers out of their intellectual laziness without alienating them, when it’s so much easier to take spoon-feedings from those who have the most to gain by fooling them, is a challenge beyond the grasp of most writers.
Most forms of media try to reduce your concentration level, so foooling your attention and forcing you to work at understanding something complex, requires continually reminding foolint reader the information is important to them. Which character — as performed by L. Ganser — was your favorite? If you were to make a film of this book, what would be the tag line be?
The Roman Empire with computers. I was depressed that our problems seem so unfixable, yet the writer’s unflagging optimism shines though. Hopefully, enough “smart people” will realize that winning by everyone else losing will ultimately erode the prey base so much they can’t survive either.
What made the experience of listening to Fooling Some of the People All of the Time the most enjoyable? This was an incredibly enjoyable book on all levels. You just have to admire the tenacity and intellect of Einhorn. It would have been the easy way out to cover the short on Allied and let it go, but he stuck with it as he had strong conviction. The amount of detail in his research is astounding. You have to hand it to Einhorn: He just did his homework better than anybody else.
A fascinating, frustrating, and frightening story for any individual investor. The fact that a public company could behave in such foolinh unethical way without any recourse for many fooliing should scare the pants off of anyone investing in public companies.