or
Sign in to turn on 1-Click ordering.
 
 
More Buying Choices
34 used & new from £10.99

Have one to sell? Sell yours here
 
   
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 (Hardcover)

by Joel Greenblatt (Foreword), David Einhorn (Author)
5.0 out of 5 stars  See all reviews (2 customer reviews)
RRP: £19.99
Price: £12.99 & this item Delivered FREE in the UK with Super Saver Delivery. See details and conditions
You Save: £7.00 (35%)
o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
In stock.
Dispatched from and sold by Amazon.co.uk. Gift-wrap available.

Want guaranteed delivery by Tuesday, November 17? Choose Express delivery at checkout. See Details
26 new from £11.57 8 used from £10.99

Frequently Bought Together

Customers buy this book with Predictably Irrational: The Hidden Forces That Shape Our Decisions by Dan Ariely

Fooling Some of the People All of the Time: A Long Short Story + Predictably Irrational: The Hidden Forces That Shape Our Decisions
Price For Both: £17.93

Show availability and delivery details


Customers Who Bought This Item Also Bought

When Markets Collide: Investment Strategies for the Age of Global Economic Change

When Markets Collide: Investment Strategies for the Age of Global Economic Change

by Mohamed El-Erian
2.3 out of 5 stars (9)  £11.96
Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports: How to Detect Accounting Gimmicks and Fraud in Financial Reports

Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports: How to Detect Accounting Gimmicks and Fraud in Financial Reports

by Howard M. Schilit
4.5 out of 5 stars (6)  £14.49
Predictably Irrational: The Hidden Forces That Shape Our Decisions

Predictably Irrational: The Hidden Forces That Shape Our Decisions

by Dan Ariely
4.2 out of 5 stars (74)  £4.94
The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means

The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means

by George Soros
3.0 out of 5 stars (23)  £8.99
You Can be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

You Can be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

by Joel Greenblatt
4.7 out of 5 stars (11)  £6.34
Explore similar items

Product details

  • Hardcover: 380 pages
  • Publisher: John Wiley & Sons (27 May 2008)
  • Language English
  • ISBN-10: 0470073942
  • ISBN-13: 978-0470073940
  • Product Dimensions: 23.4 x 15.7 x 3.6 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon.co.uk Sales Rank: 55,084 in Books (See Bestsellers in Books)

    Popular in this category:

    #12 in  Books > Business, Finance & Law > Small Business & Entrepreneurship > Accounting & Finance
  • See Complete Table of Contents

Product Description

Review

"Instead of stewing in private, Einhorn wrote a book "Fooling Some of the People All of the Time" about his six–year ordeal with Allied." (Daily Mail, September 18, 2008)


Review

“…a welcome antidote to the thousands of books written for investors that paint a sunny picture of companies”. FT.com Tuesday 10 June 2008

“Mr Einhorn’s book recounts behind–the–scenes details of the sort that are seldom made public…an instructive guide for general investors…” Financial Times Tuesday 16 June 2008


Inside This Book (Learn More)
Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Search inside this book:

Tags Customers Associate with This Product

 (What's this?)
Click on a tag to find related items, discussions, and people.
 

Your tags: Add your first tag
 

What Do Customers Ultimately Buy After Viewing This Item?


 

Customer Reviews

2 Reviews
5 star:
 (2)
4 star:    (0)
3 star:    (0)
2 star:    (0)
1 star:    (0)
 
 
 
 
 
Average Customer Review
5.0 out of 5 stars (2 customer reviews)
 
 
 
 
Share your thoughts with other customers:
Most Helpful Customer Reviews

 
7 of 8 people found the following review helpful:
5.0 out of 5 stars A Revelation for Those Who Believe Efficient Markets and Good Regulation Exist, 31 Jul 2008
By Professor Donald Mitchell "Jesus Makes Me a P... (Boston) - See all my reviews
(TOP 10 REVIEWER)      

David Einhorn is a man who believes in checking out companies carefully. When he saw that Allied Capital wasn't following accounting rules and was making lots of bad loans, he smelled an opportunity to make money as the company collapsed. After investing, he had an opportunity to share his idea at a charity event. Allied Capital's stock quickly dropped in response.

This book describes six years of battling to get the story out of what he had learned, to persuade regulators to crack down on Allied Capital so the rules would be followed, and to stop any illegal activities at Allied Capital. The book is written from Mr. Einhorn's perspective.

Along the way, Allied Capital decided that it had to discredit Mr. Einhorn's allegations and his motives.

After many years of battling, Mr. Einhorn learned a number of important lessons:

1. Policing small capitalization companies is a low priority for reporters, analysts, institutional investors, and regulators.

2. If a company keeps paying a dividend (even if it's not smart to do so), many individual investors will be attracted and will be loyal.

3. The Small Business Administration is more interested in shoveling out money to small businesses than it is in ensuring that fraud isn't being perpetrated on the tax payers.

4. Wall Street investment banks will help defend any company that pays a lot of fees.

5. With enough new capital, large mistakes can be smoothed over.

I'm sure that if he were faced with the same investment opportunity today, Mr. Einhorn would run rather than take a short position.

I highly recommend this book to people who learned about perfectly efficient markets and active, honest regulators in school. "Let the investor watch out for himself or herself" would be a better motto in describing the capital markets.

This book will be boring to those who want to a quick take. But you need to read all of the misrepresentations, misstatements, and personal attacks to get a true sense of how the game is played.

If you want a more recent version of this problem, just look at securitized mortgages.

Thanks for sharing, Mr. Einhorn!
Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)



 
5.0 out of 5 stars Captivating read, 5 Oct 2009
By Mark Mckaig - See all my reviews
(REAL NAME)   
This is without doubt one of the best books I have read for a long time. A captivating read and one of those books you dont want to put down. Not an investing book as such, because it is written in a way that describes the authors long running battle to expose highly dubious business pratices at a large financial company, but written in a way that also educates the reader at the same time (on how some companies try to manipulate the numbers, etc). Well worth reading even if you have no interest at all in investing.
Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)


Share your thoughts with other customers: Create your own review
 
 
 
Only search this product's reviews



Customer Discussions

This product's forum
Discussion Replies Latest Post
No discussions yet

Ask questions, Share opinions, Gain insight
Start a new discussion
Topic:
First post:
Prompts for sign-in
 

   


Listmania!


Look for similar items by category


Look for similar items by subject


Feedback

Ad

Your Recent History

 (What's this?)

After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in.