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 Location:  Home » Small Business » General » Fooling Some of the People All of the Time: A Long Short StoryOctober 10, 2008  


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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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Author: David Einhorn
Creator: Joel Greenblatt
Publisher: Wiley
Category: Book

List Price: $29.95
Buy New: $16.24
You Save: $13.71 (46%)
Buy New/Used from $16.24

Avg. Customer Rating: 4.5 out of 5 stars(34 reviews)
Sales Rank: 1386

Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 380
Shipping Weight (lbs): 1.5
Dimensions (in): 9.2 x 6.2 x 1.4

ISBN: 0470073942
Dewey Decimal Number: 332.620973
EAN: 9780470073940
ASIN: 0470073942

Publication Date: May 2, 2008
Availability: Usually ships in 1-2 business days

Editorial Reviews:

Product Description
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:   Read 29 more reviews...

1 out of 5 stars Boring ... unless ... you seek in-depth knowledge of short-selling   October 3, 2008
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.


5 out of 5 stars A closer look at modern wall st. and hedge funds   October 3, 2008
Fooling Some of the People All of the Time catalogs the incredible events that followed the author's fast rising hedge fund and the investment community that attacked him after sticking his neck out in a speech. The investment community attached to protect its interests, which provides a good lesson in today's financial crisis. The book gives an informative look at the ins and outs of wall street, and the lengths people there will go to attack companies and individuals who attempt to uncover untoward behavior. It's a very interesting, if detailed, read and necessarily so.

As an investor and fan of the financial markets, I don't typically read psychology books, but a colleague passed along The Emotional Intelligence Quick Book to me this week when we were discussing the chaos that has befallen the financial markets of late. I devoured that book! It's really great at revealing the role emotions play in ANY decision you make, and I'm a smarter investor for having read it.



5 out of 5 stars A Great Detective Story   September 10, 2008
I like reading books about corporate collapses (eg about Enron and Worldcom), and this book, whilst not about a corporate collapse, details the author's extensive investigation into the accounting and other practices of Allied Capital. Both as a story and technically, this is an exciting book.


4 out of 5 stars Very interesting, and disturbing, read   September 2, 2008
Although some claims against Allied appear to be exaggerated, or at least are not fully substantiated within the covers of the book, this is an excellent look into the critical bird-dog role of financial analysts.

Plenty of literary criticisms to be made, but it is a relatively easy, even enjoyable, read.

It is also informative, albeit troubling, to read of the indifference and incompetence of many government officials in response to Greenlight's more damning findings of fraudulent and misleading activity. Although this is something we have come to expect over the course of the George "heckuva job" Bush administration, we need more voices in this fight.



5 out of 5 stars Perception and Reality   August 22, 2008
This is an excellent read with great insight into the way true hedge funds try to add value and how publicly traded companies can make perception into reality.


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