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Fooling Some of the People All of the Time, A Long Short Story David Einhorn, Joel Greenblatt
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Submitted by Dave Collum via Peak Prosperity, Background I was just trying to figure it all out. I have tremendous respect for David Einhorn and Greenlight Capital and am a huge fan of Einhorn's book Fooling Some of the People All of the Time. In his book called Fooling Some of the People All of the Time about the fraud at Allied Capital, hedge fund manager David Einhorn relates the story of his meeting with Wasatch Advisors. Proving that hypnotism and incantations can trump facts -- fooling some of the people, all of the time. "I agree this is a serious matter, but . We appear to have come a long way since Vice President Dick Cheney famously said "deficits don't matter." Today, frightened by much-worse .. In fact, Einhorn had "quite a lot to say" during the 54-minute call to get his side of the story out there. Hedge Fund Exit Requests Subdued In February-Data (Reuters) Investor demands to pull . Опубликовано 10 hours ago пользователем Anton Chirkiv. "Fooling Some of the People All of the Time: A Long Short Story" by David Einhorn, the president and founder of Greenlight Capital was published before credit crisis of 2008. JPM's commodity guru, Blythe Masters, began denying the silver short as the whale story started to surface, claiming that JPM's silver positions were simply hedges for their customers. Now, the story is complete and we know Einhorn was right. ~ Michael What started as a simple summary intended for a couple dozen people morphed over time into a much more detailed account that accrued over 25,000 clicks last year. By strategy, long/short equity was up 3.36% in January, event driven gained 2.95%, while equity market neutral saw a 1.01% uptick. David Einhorn ~ Fooling Some Of The People All Of The Time: A Long Short Story {F} I think everyone has met someone who thrives on recounting - in tedious detail - stories about being right while others were wrong. Although we had and have no financial stake in any of the companies in our portfolios (our primary custodian, FOLIOfn, does not allow short selling and we certainly weren't going long!) the ongoing saga highlights some powerful . 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.