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Fooling Some of the People All of the Time: A Long Short Story

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Insider's exposé on Wall Street's deceptive practices.

If you're intrigued by the intricacies of financial markets and how one savvy investor could spot the cracks in the system way before anyone else saw them crumble, David Einhorn's "Fooling Some of the People All of the Time" is a fascinating journey. Einhorn offers an insider perspective that's rare to find in such detail. It's not just a memoir; it's a cautionary tale of how the financial industry can shield its sins even as it stands on the brink of disaster. Whether you're a finance professional or simply curious about the prelude to the 2008 crisis, this book will give you a richer understanding of the events that led up to it.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
New

Fooling Some of the People All of the Time: A Long Short Story

Regular price RM33.00 MYR
Unit price
per
Compare to estimated retail price: RM98.00 MYR  
ISBN: 9780470481547
Publisher: Wiley
Date of Publication: 2010-12-07
Format: Paperback
Related Collections: Business, Economics, History, Politics
Goodreads rating: 4.01
(rated by 4078 readers)

Description

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. This book 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, and describes the failings of investment banks, analysts, journalists, and government regulators. It also highlights how many parts of the Allied Capital story were replayed in the debate over Lehman Brothers. "Fooling Some of the People All
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Fooling Some of the People All of the Time: A Long Short Story
Fooling Some of the People All of the Time: A Long Short Story
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Regular price RM33.00 MYR
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Insider's exposé on Wall Street's deceptive practices.

If you're intrigued by the intricacies of financial markets and how one savvy investor could spot the cracks in the system way before anyone else saw them crumble, David Einhorn's "Fooling Some of the People All of the Time" is a fascinating journey. Einhorn offers an insider perspective that's rare to find in such detail. It's not just a memoir; it's a cautionary tale of how the financial industry can shield its sins even as it stands on the brink of disaster. Whether you're a finance professional or simply curious about the prelude to the 2008 crisis, this book will give you a richer understanding of the events that led up to it.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.