Fooling Some Of The People All Of The Time

Author : David Einhorn
Publisher : John Wiley & Sons
ISBN 13 : 0470481544
Total Pages : 455 pages
Book Rating : 4.47/5 ( download)

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Download or read book Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, Updated with New Epilogue written by David Einhorn and published by John Wiley & Sons. This book was released on 2010-12-07 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. 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 Describes the failings of investment banks, analysts, journalists, and government regulators Describes how many parts of the Allied Capital story were replayed in the debate over Lehman Brothers Fooling Some of the People All of the Time is an important call for effective government regulation, free speech, and fair play.

Author : Thornton L. O'glove
Publisher : Simon and Schuster
ISBN 13 : 0684863758
Total Pages : 230 pages
Book Rating : 4.57/5 ( download)

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Download or read book Quality of Earnings written by Thornton L. O'glove and published by Simon and Schuster. This book was released on 1987 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Simon & Schuster, Quality of Earnings is an investor's guide to how much money a company is really making. From Thornton L. O'glove, Quality of Earnings is an indispensable guide to determining how much money a company is really making and for buying and selling stocks without making costly blunders.

Author : Christine S. Richard
Publisher : John Wiley & Sons
ISBN 13 : 1118010418
Total Pages : 352 pages
Book Rating : 4.19/5 ( download)

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Download or read book Confidence Game written by Christine S. Richard and published by John Wiley & Sons. This book was released on 2011-03-29 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: An expose on the delusion, greed, and arrogance that led to America's credit crisis The collapse of America's credit markets in 2008 is quite possibly the biggest financial disaster in U.S. history. Confidence Game: How a Hedge Fund Manager Called Wall Street's Bluff is the story of Bill Ackman's six-year campaign to warn that the $2.5 trillion bond insurance business was a catastrophe waiting to happen. Branded a fraud by the Wall Street Journal and New York Times, and investigated by Eliot Spitzer and the Securities and Exchange Commission, Ackman later made his investors more than $1 billion when bond insurers kicked off the collapse of the credit markets. Unravels the story of the credit crisis through an engaging and human drama Draws on unprecedented access to one of Wall Street's best-known investors Shows how excessive leverage, dangerous financial models, and a blind reliance on triple-A credit ratings sent Wall Street careening toward disaster Confidence Game is a real world "Emperor's New Clothes," a tale of widespread delusion, and one dissenting voice in the era leading up to the worst financial disaster since the Great Depression.

Author : James Montier
Publisher : John Wiley & Sons
ISBN 13 : 0470683597
Total Pages : 420 pages
Book Rating : 4.90/5 ( download)

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Download or read book Value Investing written by James Montier and published by John Wiley & Sons. This book was released on 2009-12-02 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: "As with his weekly column, James Montier's Value Investing is a must read for all students of the financial markets. In short order, Montier shreds the 'efficient market hypothesis', elucidates the pertinence of behavioral finance, and explains the crucial difference between investment process and investment outcomes. Montier makes his arguments with clear insight and spirited good humor, and then backs them up with cold hard facts. Buy this book for yourself, and for anyone you know who cares about their capital!" —Seth Klarman, President, The Baupost Group LLC The seductive elegance of classical finance theory is powerful, yet value investing requires that we reject both the precepts of modern portfolio theory (MPT) and pretty much all of its tools and techniques. In this important new book, the highly respected and controversial value investor and behavioural analyst, James Montier explains how value investing is the only tried and tested method of delivering sustainable long-term returns. James shows you why everything you learnt at business school is wrong; how to think properly about valuation and risk; how to avoid the dangers of growth investing; how to be a contrarian; how to short stocks; how to avoid value traps; how to hedge ignorance using cheap insurance. Crucially he also gives real time examples of the principles outlined in the context of the 2008/09 financial crisis. In this book James shares his tried and tested techniques and provides the latest and most cutting edge tools you will need to deploy the value approach successfully. It provides you with the tools to start thinking in a different fashion about the way in which you invest, introducing the ways of over-riding the emotional distractions that will bedevil the pursuit of a value approach and ultimately think and act differently from the herd.

Author : David Einhorn
Publisher : Dekklun Cuinn
ISBN 13 : 0470073942
Total Pages : 123 pages
Book Rating : 4.40/5 ( download)

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Download or read book Fooling Some of the People All of the Time, A Long Short Story written by David Einhorn and published by Dekklun Cuinn. This book was released on 2008-05-02 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In 2002, Einhorn spoke publicly about Allied Capital--a leader in the private finance industry--presenting it as an excellent short opportunity. Einhorn describes the incredible events that followed his speech and how Allied and the investment community attacked him to protect the company--and its stock price. Informative and intriguing, "Fooling Some of the People All of the Time" details how the current environment on Wall Street--and the world of hedge funds in particular-- not only allows for such behavior, but how it protects the companies and attacks those who attempt to uncover them".--Résumé de l'éditeur.

Author : David Einhorn
Publisher : John Wiley & Sons
ISBN 13 : 047089329X
Total Pages : 455 pages
Book Rating : 4.96/5 ( download)

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Download or read book Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, Updated with New Epilogue written by David Einhorn and published by John Wiley & Sons. This book was released on 2010-06-10 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. 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 Describes the failings of investment banks, analysts, journalists, and government regulators Describes how many parts of the Allied Capital story were replayed in the debate over Lehman Brothers Fooling Some of the People All of the Time is an important call for effective government regulation, free speech, and fair play.

Author : Walter Pohl
Publisher : BRILL
ISBN 13 : 9004620184
Total Pages : 240 pages
Book Rating : 4.86/5 ( download)

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Download or read book Kingdoms of the Empire written by Walter Pohl and published by BRILL. This book was released on 2023-07-24 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since Edward Gibbon, the degree of disruption or gradual change at the end of antiquity has been vehemently debated. Did Rome fall, or was it only transformed. Was the Empire destroyed by barbarians or was its decay inevitable for internal reasons? By carefully formulating answers to these and other seminal questions, Kingdoms of the Empire will prove an indispensable tool to both classical and medieval scholars. This is the first volume in a new and important monograph series, The Transformation of the Roman World.

Author : Barton Biggs
Publisher : John Wiley & Sons
ISBN 13 : 1118044819
Total Pages : 327 pages
Book Rating : 4.10/5 ( download)

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Download or read book Hedgehogging written by Barton Biggs and published by John Wiley & Sons. This book was released on 2011-01-11 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rare is the opportunity to chat with a legendary financial figure and hear the unvarnished truth about what really goes on behind the scenes. Hedgehogging represents just such an opportunity, allowing you to step inside the world of Wall Street with Barton Biggs as he discusses investing in general, hedge funds in particular, and how he has learned to find and profit from the best moneymaking opportunities in an eat-what-you-kill, cutthroat investment world.

Author : Joe D. Batten
Publisher : Wipf and Stock Publishers
ISBN 13 : 1725201275
Total Pages : 238 pages
Book Rating : 4.79/5 ( download)

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Download or read book Tough-Minded Management written by Joe D. Batten and published by Wipf and Stock Publishers. This book was released on 2002-12-26 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sound advice that can be adapted by managers at all levels." 'B/M Book Review' The excellence of the book lies in the basic information it has to give the relatively new manager." 'Personnel Psychology' Must reading for anyone who thinks all management books are just a rehash of planing, organizing, staffing, controlling, etc.... Especially recommended...." 'NRHA Magazine' A totally fresh description of how to turn MBO into a 'living system'...practical and highly motivational. 'Buffalo Law Journal' Many useful suggestions to offer the executive." 'West Coast Review of Books'

Author : Kathryn F. Staley
Publisher : John Wiley & Sons
ISBN 13 : 0471146323
Total Pages : 311 pages
Book Rating : 4.22/5 ( download)

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Download or read book The Art of Short Selling written by Kathryn F. Staley and published by John Wiley & Sons. This book was released on 1996-12-23 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A one-of-a-kind book that shows you how to cash in on the latestinvesting trend--short selling "The Art of Short Selling is the best description of this difficulttechnique."--John Train, Train, Thomas, Smith Investment Counsel,and author of The New Money Masters "Kathryn Staley has done a masterful job explaining the highlyspecialized art of short selling. Her approach to telling the truestories of famous investment 'scams' will keep the readerspellbound, while teaching the investor many cruciallessons."--David W. Tice, Portfolio Manager, Prudent BearFund "Selling short is still a misunderstood discipline, but even themost raging bull needs to know this valuable technique to masterthe ever-changing markets."--Jim Rogers, author, InvestmentBiker On the investment playing field, there is perhaps no game moreexciting than short selling. With the right moves, it can yieldhigh returns; one misstep, however, can have disastrousconsequences. Despite the risk, a growing number of players areanteing up, sparked in part by success stories such as that ofGeorge Soros and the billions he netted by short selling theBritish pound. In The Art of Short Selling, Kathryn Staley, anexpert in the field, examines the essentials of this importantinvestment vehicle, providing a comprehensive game plan with whichyou can effectively play--and win--the short selling game. Whether used as a means of hedging bets, decreasing the volatilityof total returns, or improving returns, short selling must behandled with care--and with the right know-how. As Staley pointsout, "Short selling is not for the faint of heart. If a stock movesagainst the position holder, the effect on a portfolio and networth can be devastating. Investors need to understand the impacton their accounts as well as the consequences of getting bought inbefore they indulge in short selling." The Art of Short Sellingguides you--clearly and concisely--through the ins and outs of thishigh-risk, high-stakes game. The first--and most important--move in selling short is to identifyflaws in a business before its share prices drop. To help youtackle this key step, Staley shows you how to evaluate companyfinancial statements and balance sheets, make sense of returnratios, detect inconsistencies in inventory, and analyze thestatement of cash flows. Through real-world examples thatillustrate the shorting of bubble, high multiple growth, and themestocks, you'll proceed step by step through the complete processand learn to carry out all the essentials for a successful shortsell, including quantifying the risk factor and orchestratingcorrect timing, as well as implementing advanced valuationtechniques to execute the sell/buy. Packed with landmark, cutting-edge examples, up-to-the-minuteguidelines, and pertinent regulations, The Art of Short Selling isa timely and comprehensive reference that arms you with thenecessary tools to make a prepared and confident entrance onto theshort selling playing field.