A revealing look at Wall Street, the financial media, and financial regulators by David Einhorn, the President of Greenlight CapitalCould ‘s credit crisis have . By David Einhorn. In , David Einhorn, the President of Greenlight Capital, gave a speech at a charity investment conference to benefit a children’s cancer. Fooling Some of the People All of the Time, A Long Short by David Einhorn, Stocks: ALD,ARCC,,JOE,GLRE, David Einhorn, release.

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If you have an interest in fund management, you’ll get a lot out of how he put his first fund together and quickly rose to prominence with spectacular performance out of the gates. Even fraudulent companies are often led by charismatic, articulate, and seemingly competent executives. InEinhorn advised the same conference to short sell Lehman Brothers.

Foolinng he does tell a convincing tale and one that should make us think every time we read a glowing account from a Wall Street analyst. That is exactly what was happening and the company deserved to be shorted.

Fooling Some of the People All of the Time Audiobook | David Einhorn |

David Einhorn Narrated by: Madoff and sons is an even better example. It started out so promising It’s better to make money being long. Quotes from Fooling Some of t Scott Wapner Narrated by: I don’t mean to imply that all publicly traded corporations are filled with crooks but only to imply that the corporations that are front-loaded with crooks are able to avoid a day of reckoning through public and strongly-asserted lies, intimidation of critics, opaque record-keeping which means that they can persist in there profligacy for a very long time.


Al final esperaba algo peliculezco con un final feliz donde por fin destapan la verdad y vencen. For the last word. Chapter 26 The Smell of Politics. This is a story of a real stinker of a publicly traded corporation, Allied Capital and the long-term effort of David Einhornm, principle partner at Greenlight Capital another investment firmto shed some light on the flimsy accounting behind its vapor-success.

I liked his point that a successful short position needs to be based on both overvaluation and a flawed business model or fraud. I did not, however, like Einhorn’s point that 2x overvalued is effectively the same as 20x overvalued i.

Author Tobias Carlisle combines engaging stories with research and data to show how you can do it too. Fraudulent data turns Einhorn on like a full-fledged disco party turned on the Bee Gees.

Publisher’s Summary A rare look inside the world of activist hedge funds from one of this country’s top investors.

I enjoyed Buffet’s comment to Einhorn that the problem with shorting crooks is that they’ll play a lot dirtier than you will. InDavid Einhorn, the president of Greenlight Capital, gave a speech at a charity investment conference and was asked to share his best investment idea.

Yet this book takes you on the journey. One of the best finance books in a long time!

This is a great example of the difficulties shorting foolnig stock even when you are sure you are right as it may take years for the fraud to unfold. Since Allied hit the wall after the completion of this book, I was very much looking forward to hearing how the market finally caught on to the systematic fraud and deception.


Fooling Some of the People All of the Time, A Long Short by David Einhorn

Having made the U. Jan 12, Loh rated it it was amazing Shelves: Tren Griffin Narrated by: InDavid Einhorn-one of the country’s top investors-was asked at a charity investment tooling to share his best investment advice.

May 08, Alex Trimm rated it it was amazing Shelves: His notion of “elementary, worldly wisdom” – a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management – eihnorn him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment.

Pushing readers out of their intellectual laziness without alienating them, when it’s so einhorm easier to take spoon-feedings from those who have the most to gain by fooling them, is a challenge beyond the grasp of most writers. Absolute must read – especially for anyone considering a career in business and politics. 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.

An interesting read but unlike Barbarians davi the Gate and similar This book is a tale of discovering a company run by bullshit artists. Fooling Some of the People All of the Time is an important call for effective law einhhorn, free speech, and fair play. Just finished this the other night. Allied responded with a Washington, D.