PDF Download Fooling Some of the People All of the Time: A Long Short Story
Well, when else will you discover this prospect to get this book Fooling Some Of The People All Of The Time: A Long Short Story soft documents? This is your excellent opportunity to be here and get this excellent publication Fooling Some Of The People All Of The Time: A Long Short Story Never ever leave this book prior to downloading this soft file of Fooling Some Of The People All Of The Time: A Long Short Story in web link that we provide. Fooling Some Of The People All Of The Time: A Long Short Story will truly make a large amount to be your best friend in your lonely. It will be the most effective companion to improve your company and also hobby.
Fooling Some of the People All of the Time: A Long Short Story
PDF Download Fooling Some of the People All of the Time: A Long Short Story
If you have actually been able right here, it suggests that you have the ability to kind and connect to the internet. Once more, It suggests that web becomes one of the remedy that can make convenience of your life. One that you can do now in this set is likewise one part of your initiative to improve the life high quality. Yeah, this site currently offers the Fooling Some Of The People All Of The Time: A Long Short Story as one of materials to check out in this recent period.
Feeling difficult to get this best seller book? Why? We assume that best seller publication will certainly constantly run out promptly. So, it's not to odd when you will certainly really feel tough to obtain it in guide store, or you have to bespeak Fooling Some Of The People All Of The Time: A Long Short Story when you require it. Have enough time? Not everybody can wait for log minute to obtain the book. To conquer this problem, we are below to provide you solution. It is not really tough for us. We definitely help you by offering the checklists of the new best seller publications on the planet.
So, this is exactly what this book provides to you. You might take no notice of this info about Fooling Some Of The People All Of The Time: A Long Short Story Neglecting the benefits of this publication will certainly escort you to regret. Yeah, the benefits of reading this publication will certainly be very same with others. Improving the experience, knowledge, as well as ideas are the basic ways of you to check out some publications. But, the in addition, the benefits will be shown from each book when reading as well as completing it.
One more time, what type of individual are you? If you are really among the people with open minded, you will have this publication as your recommendation. Not just possessing this soft documents of Fooling Some Of The People All Of The Time: A Long Short Story, yet naturally, check out and also recognizes it ends up being the must. It is exactly what makes you move forward much better. Yeah, move forward is required in this situation, if you want actually a better life, you could So, if you really want to be better individual, read this publication as well as be open minded.
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.
Minute by minute, 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.
Your recently viewed items and featured recommendations
›
View or edit your browsing history
After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in.
Product details
#detail-bullets .content {
margin: 0.5em 0px 0em 25px !important;
}
Audible Audiobook
Listening Length: 13 hours and 20 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: Audible Studios
Audible.com Release Date: February 1, 2010
Whispersync for Voice: Ready
Language: English, English
ASIN: B0036UZC40
Amazon Best Sellers Rank:
Full disclosure: I am a big David Einhorn fan. I have followed his career from Allied to Lehman to Green Mountain Coffee Roasters, and I listen to or actively search for transcripts of his speeches at investor events/conferences.That being said this book was just ok and could've been better. The book starts off with a few chapters of background info on Mr. Einhorn. his early years, his entry into finance and the founding of his hedge fund Greenlight Capital. All good so far. Then he gets into his short on Allied. It starts off just fine as Einhorn goes into his speech the response back and forth from Allied and his investigations into the fraud. Then about 40% into the book the tedium sets in. The book goes from being a good read on the events between Allied and Einhorn to a highly detailed documentation of the fraud. And when I say detailed I am talking a mind-numbing level of minutia. Halfway through the book the fraud is already well evidenced and yet he continues to provide loan level examples of Allied's misdeeds. You really don't need to know about every loan to vietnamese shrimp boat operators or fraudulent Detroit small businesses to understand that Allied was doing bad things here. One or two examples and you quickly get the point.And I get it, the book was written when Einhorn was still getting criticized over his long running battle with Allied. And so Einhorn must have felt that he needed to provide a ton of evidence to prove his claim. But that still doesn't stop you from thinking "I GET IT THESE LOANS SUCK LETS MOVE ON!!". And this is coming from a guy who works in the financial markets who deals with massive spreadsheets daily.Despite the massive level of detail, this is still a good book for those who actively invest in stocks (or those who like to read about fraud). The levels management will go through to protect their own interest is spelled out in this book. Also complicit in this case is investors who willingly turned a blind eye as long as their dividend payments came through. This book is a great example of why due diligence should always precede the purchase of a stock, and just because someones opinion or position runs contrary to your own don't ignore it, look deeperI wish I could give this book more stars but the overly detailed account drags down the good story. To be fair the subtitle of the book is "A LONG short story"
This is a brilliant book and an excellent story. However, to understand the story, the reader needs a background in corporate accounting, SEC rule-making, securities valuation, hedge funds, etc. David Einhorn is actually a very talented writer. However, the book may not be comprehensible without the required background knowledge.The value of the book, is not actually the tale of accounting fraud at Allied Capital (ALL-ARCC was/is the ticker symbol for Allied), but the larger tale of corporate malfeasance in the years after 2000. Of course, there are some political aspects to this (not emphasized by Mr. Einhorn). The general shift towards deregulation of Wall Street, played a major role in this disaster. Of course, Wall Street deregulation started before Bush (under Clinton), but Bush embraced "Wall Street Crazy" and took America over a cliff. Sadly, any number of politicians (from both parties) protected both Allied Capital and Allied's "borrowers". An astute reader will even find miserably predictable stories of immigration fraud in this book.Toward the end of the book, Mr. Einhorn recognizes the big picture and sees that Allied Capital was just the smallest part of a larger decline in prevailing standards of corporate conduct. The big picture (as outlined by Mr. Einhorn) is real value of this book. Perhaps the greatest disappointment is that Allied was never held accountable for its misdeeds (by the government), nor have the much bigger players since the crash of 2007/2008.
David Einhorn has given us a remarkable gift in this book. The work that he does each day, and which he has so carefully and capably revealed in detailed and documented fashion in this book, provides immeasurable benefit to each and every one of us every single day. I am sincerely grateful to David Einhorn for his relentless effort to hold the misbehaving stewards of our wealth and resources accountable for their misdeeds. It is an added bonus that he decided to devote a significant amount of his valuable time to providing this account of his work and his discoveries of the behavior of the many other players in the Allied fraud case.Since their arrival, hundreds of years ago, the capital markets have evolved organically as generations of humans have gradually built the markets to transfer the ownership of the world's resources from the few, privileged families who once controlled the world, to the many. In the process, these markets have improved the visibility and transparency with which we are all able to observe, understand and influence the critical decisions which result in the eventual allocation of resources. As a result, the improvement in allocation of resources toward serving us all as individuals has delivered previously unimaginable improvements in human well-being and freedom from oppression and exploitation by those few at the top of the pyramid. And yet, while these improvements are real and remarkable, the progress made possible by the organic evolution and functioning of these capital markets continues to be held back by people who claim to be protecting us and serving us.I've long wondered whether those people, who work in the many organizations and agencies identified in this book, are inherently 'evil' and desire to prevent humanity from obtaining the benefits which could be made available to all by enabling the ongoing development and expansion of capital markets in the developed and undeveloped world as they regulate the few who seek to control and regulate the many, or are simply 'clueless' and fail to understand and recognize the role that capital markets play in bringing these benefits (in spite of overwhelming evidence visible to anyone who travels from the developed (where capital markets have grown and evolved) to the undeveloped countries (where the power-hungry have successfully fended of the organic development and influence of local and international capital markets)). With this book, I now see that it is a combination of both, but there is much more of the former behavior than I suspected in the journalists, analysts, regulators, supervisory organizations, and throughout the government in the USA.Given the evident greatness of the US economy and society in relation to so many other countries, I can only conclude that these problems are even more pronounced in many other countries. Only by exposing this behavior, and demonstrating how it undermines the functioning of the capital markets upon which so much of our modern material well-being depends, can we hope to continue to progress and enjoy the phenomenal benefits that await us as these markets deepen and improve. David Einhorn's contribution to this ongoing improvement is enormous, and yet will go almost entirely unnoticed by the billions of beneficiaries of his efforts. Even more unjust, a very vocal few of those beneficiaries will continue to declare him and other similar hedge fund activists to be the villains, while they themselves hypocritically work against us all in the name of 'protecting' us.(Typed on a phone, please excuse the typos)
Fooling Some of the People All of the Time: A Long Short Story PDF
Fooling Some of the People All of the Time: A Long Short Story EPub
Fooling Some of the People All of the Time: A Long Short Story Doc
Fooling Some of the People All of the Time: A Long Short Story iBooks
Fooling Some of the People All of the Time: A Long Short Story rtf
Fooling Some of the People All of the Time: A Long Short Story Mobipocket
Fooling Some of the People All of the Time: A Long Short Story Kindle