Fooling Some of the People All of the Time: A Long, Short Story by David Einhorn, Joel Greenblatt (Foreword by)

Synopsis

A rare look inside the world of hedge funds from one of this country’s top investors

David Einhorn is one of the investment community’s fastest rising stars. He founded his hedge fund, Greenlight Capital, at the age of 27, and now has $5 billion under management. In Fooling Some of the People All of the Time, Einhorn offers readers insights into the battles surrounding hedge funds.

In 2002, Einhorn spoke publicly about Allied Capital–a leader in the private finance industry–presenting it as an excellent short opportunity. This book will describe the incredible events that followed Einhorn’s speech and how Allied and the investment community attacked him to protect the company–and its stock price. Informative and intriguing, Fooling Some of the People All of the Time details how the current environment on Wall Street not only allows for such behavior, but how it protects the companies and attacks those who attempt to uncover them.

Biography

DAVID EINHORN is the President and founder of Greenlight Capital, a long-short value-oriented hedge fund, which started with $1 million under management in 1996. Over the ensuing years, Greenlight has generated greater than a twenty-five percent annualized net return for its partners. Einhorn is the Chairman of Greenlight Capital Re, Ltd. (Nasdaq: GLRE) and serves on the boards of the Michael J. Fox Foundation for Parkinson's Research and Hillel: The Foundation for Jewish Campus Life. Einhorn has pledged his entire personal share of the profits from Greenlight's short-sale of Allied and this book to charity.