Fooling Some of the People All of the Time: A Long Short Story Paperback with Updated Epilogue

Roxana Monsalve: Great lecture

United States on Jan 09, 2024

Amazon Customer: A classic pure-value investor, this book is written by the hedge fund manager himself which means a lot to me. There is a lot of technical jargon so prior accounting knowledge is necessary to make it through this book.

Einhorn knew what was going on at Lehman long before the crisis started and the book gives valuable insight into the relationship between private sector lenders and Washington.

Canada on Oct 05, 2022

Amazon Customer: Esse livro é simplesmente sensacional. É o case de short selling mais bem documentado da história! Tem todas as nuances e sutilezas que podem suceder no mercado, e a análise do David Einhorn é simplesmente sublime. Se você quer trabalhar na CVM ou como analista de equity, compre ontem!

Brazil on May 08, 2019

alvaro: En este libro, David Einhorn, fundador de Greenlight Capital, eplica el proceso de su short a Allied Capital asi como los peligros de ponerse corto en algo antes de hora.

Una lectura muy muy recomendable para los curiosos del sector o para gente que quiera aprender como los profesionales realizan sus shorts.

Spain on May 31, 2016

Emma DF: Once started it's hard to stop reading ..... until the end .... Very very interesting. A great opening on the secret world of investments and corporate America. also useful from a professional perspective, if you work in those industries. Bravo David.

Italy on Apr 19, 2013

gdarmois: Très décevant.
J'avais trouvé ce livre sur une liste de bons ouvrages sur les turpitudes comptables. C'est le récit d'un gestionnaire de fonds qui vend à découvert et se bat pour le justifier.
Le livre aurait pu tenir sur 10 pages. Il y a des transcriptions d'échanges téléphoniques, de lettres, etc. Et finalement, très peu d'analyse comptable.

France on Aug 25, 2012

D. B. Collum: As usual, this review as posted elsewhere, which is why at the end there is a reference to Amazon...

There's a bit of background on this book. I have been in communication with the author for several years and recently had occasion to spend an hour chatting with David and his wife in person. I found him remarkably direct but with a tinge of somebody who is being deposed. You could really sense the persona and the care with which he articulates his ideas, a persona that garnered him an 18th place in the World Series of Poker. I read his book less out of interest in the content than out of interest in the author. With that said, it proved to be an amazing tale.

Einhorn describes in compelling detail an approximately eight year battle with the management of Allied Capital, a financial institution with protocols and a code of ethics you expect from the mob. The story offers an insightful, oftentimes gut wrenching, view of corruption and incompetence that permeates the financial system, regulatory agencies, government, and, possibly most of appallingly of all, the journalists. One is struck by the profound thoroughness with which he analyzes a company before taking a...

United States on Jul 22, 2011

Scott E. Packard: The book is really close to being 2 or 3 books in one. Initially heard about the book in the WSJ, I pre-ordered it on Amazon and took a few weeks to read.
In the first part Mr. Einhorn writes several chapters aimed at a non-professional investor to build the background of how a hedge fund invests, building the reader's knowledge from zero to fluent enough to understand the book. There's a glossary in the back of the book to refer to if you forget any of the terms. In fact, later on Mr. Einhorn's open and full disclosure of his investing philosophy, technique, and results contrast with those of Allied Capital and its collection of LLCs.

The second part of the book builds from a small trickle to a river of fraud, and frankly this is the hardest part to get through. You're directed to watch Mr. Einhorn's speech on the web in order to understand a dissection of reactions that follow, and I admit that I felt as if I was reading a story from somebody who was picked on too much in the schoolyard and is taking revenge by writing a book. As I kept reading the chapters the story suddenly took me by surprise (around P.200 or so).

It then becomes a story of how, if you were...

United States on May 13, 2008