Fooling Some of the People All of the Time
In 2002, David Einhorn was asked to share his best investment idea in a speech at a charity investment conference. He explained his reasons why Greenlight had sold short the shares of Allied Capital, a leader in the private finance industry. Fooling Some of the People All of the Time is the gripping narrative of this ongoing saga. Page by page, this book takes you in the heart of Greenlight Capital and how it leads its investment research, setting forth the maneuvers of this ruling company.
"The culture of corporate greed that you depict is one that must be held to account if we are to prevent companies and bad actors from engaging in practices that are harmful, not only to investors, but also to our national economy."
— Senator Olympia J. Snowe
"What you will find within the pages of this book will blow you away. This is a tale of deceit, fraud, misrepresentation, cloak-and-dagger antics, millions and millions of wasted taxpayer dollars, and an unbelievable amount of effort expended by Einhorn and others to bring it all to light. . .This book may go down as one of the classic financial forensics books of our time."
— Clyde Milton, Seeking Alpha
"But the most troubling material concerns an issue that is bigger than Allied and Einhorn's battle: it's the way criticisms of corporate behavior are received in the marketplace. Many, including the SEC, appeared inclined to shoot the messenger."
— Bethany McLean, Fortune