Author:David Einhorn Binding: Hardcover ISBN: 0470073942 Availability: Usually ships in 24 hours
Avg. Customer Rating: 4.5 / 5.0
"entertained.."
"Interesting but depressing"
"Instructive and Informative, but Overdone and a tad Ironic"
"Boring ... unless ... you seek in-depth knowledge of short-selling"
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Editorial Review:
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:
Avg. Customer Rating: 4.5 / 5.0
entertained.. Unresponsive and ineffective govt (SBA) oversight? It will make you laugh (or cry) at how careless the SBA is with our tax dollars. I work in finance and have worked with some Govt people. In my experience they range from 'competent' all the way to 'confused zombie'. Imagine trying to explain a rainbow to your cat. An entertaining read..
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.
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--more than this... more info
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.
