By David Einhorn
A unprecedented glance contained in the global of activist hedge money from certainly one of this country's most sensible investors.
In 2002, David Einhorn, the president of Greenlight Capital, gave a speech at a charity funding convention and used to be requested to percentage his top funding proposal. He defined his the reason why Greenlight had offered brief the stocks of Allied Capital, a pace-setter within the inner most finance undefined. What used to be a firestorm of controversy.
Allied replied with a Washington, D.C. type spin-job - attacking Einhorn and disseminating half-truths and outright lies. Undeterred by way of the spin-job and lies, Greenlight endured its learn after the speech and stumbled on Allied's habit used to be some distance worse than Einhorn ever suspected. Fooling a number of the humans the entire Time is the gripping chronicle of this saga, and this version comprises all new updates from the author.
Minute by way of minute, it delves deep inside of Wall highway, exhibiting how the -billion hedge fund Greenlight Capital conducts its funding learn and detailing the maneuvers of an unscrupulous corporation. alongside the way in which, you'll witness feckless regulators, compromised politicians, and the barricades our capital markets have erected opposed to exposing misconduct from vital Wall road customers.
- is going backstage to aspect the reality approximately making an investment, brief promoting, and the politics of business
- exhibits the issues of Wall highway: its funding banks, analysts, reporters, and particularly our govt regulators
- bargains insights into the battles surrounding hedge funds
- finds the giant problems that hinder the govt. from sanctioning politically hooked up businesses