Download Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, Updated with New Epilogue PDF EPUB
Author: David Einhorn
Pages: 448
Size: 2.133,43 Kb
Publication Date: December 7,2010
Category: Private Equity
A revealing look at Wall Road, the financial press, and economic regulators by David Einhorn, the President of Greenlight Capital
Could 2008’s credit crisis have already been minimized or also prevented? In 2002, David Einhorn-one of the country’s best investors-was asked at a charity purchase conference to talk about his best investment suggestions.
At that time, Allied was a innovator in the private funding sector. In 2008, Einhorn suggested the same meeting to short offer Lehman Brothers. During the original edition of Fooling One particular Constantly: AN EXTENDED Short Story the results of his guidance was unknown. Audio familiar? Now, the tale is full and we realize Einhorn was ideal. Einhorn claimed Allied was using questionable accounting procedures to prop itself up. And had the marketplace been more available to his warnings, yes, the marketplace meltdown may have been prevented, or at least minimized.- Details the gripping fight between Allied Capital and Einhorn’s Greenlight Capital
- Illuminates how questionable firm methods are maintained and, sometimes, even secured by Wall Road
- Describes the failings of expense banking institutions, analysts, journalists, and govt regulators
- Describes just how many elements of the Allied Capital tale had been replayed in the debate over Lehman Brothers
Fooling One particular Constantly can be an important demand effective government regulation, free of charge speech, and reasonable play. Brief sell Allied Capital.