David Einhorn
Fooling Some of the People All of the Time: A Long Short Story
Издательство: Wiley, 2008 г.
978-0-470-07394-0
Книгопечатная продукция
Объем: 400 стр.
A revealing look at Wall Street, the financial media, and financial regulators by David Einhorn, the President of Greenlight Capital.
Could 2008`s credit crisis have been minimized or even avoided? In 2002, David Einhorn - one of the country`s 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 Einhorn`s Greenlight Capital; Illuminates how questionable company practices are maintained and, at times, even protected by Wall Street; Describes the failings of investment banks, analysts, journalists, and government regulators; Describes how many parts of the Allied Capital story were replayed in the debate over Lehman Brothers; Fooling Some of the "Fooling Some of the People All of the Time: A Long Short Story" is an important call for effective government regulation, free speech, and fair play.
Посмотрите также...
You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits
Fund manager Joel Greenblatt has been beating the Dow (with returns of 50 percent a year) for more than a decade. And now, in this highly accessible guide, he`s going to show you how to do it, too. You`re about to discover investment ......