Fooling Some of the People All of the Time PDF ePub eBook

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Fooling Some of the People All of the Time free pdf This title offers 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. Page by page, 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. This title goes behind the scenes to detail the truth about investing, short selling, and the politics of business. It shows the failings of Wall Street: its investment banks, analysts, journalists, and especially our government regulators. It offers insights into the battles surrounding hedge funds. It 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.

About David Einhorn

DAVID EINHORN is the President and founder of Greenlight Capital, a long-short value-oriented hedge fund, which started with $1 million under management in 1996. Over the ensuing years, Greenlight has generated greater than a twenty-five percent annualized net return for its partners. Einhorn is the Chairman of Greenlight Capital Re, Ltd. (Nasdaq: GLRE) and serves on the boards of the Michael J. Fox Foundation for Parkinson's Research and Hillel: The Foundation for Jewish Campus Life. Einhorn has pledged his entire personal share of the profits from Greenlight's short-sale of Allied and this book to charity.

Details Book

Author : David Einhorn
Publisher : Wiley-Blackwell (an imprint of John Wiley
Data Published : 27 May 2008
ISBN : 0470073942
EAN : 9780470073940
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 379 pages
Age + : 15 years
Language : English
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    ePub Books Download. This title offers 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