Book Review: "Fooling some people all the Time"

This is the ultimate short selling case study of one of the most respected Hedgefund and Value Investors of our time.



It describes the year long crusade of David against the Management of a almost criminal financial services companyAllied Capital). As it is written by himself, it shows his style of analysis which combines highly sophisticated balance sheet analysis and extensive field research.

It also shows in detail, how much resistence he was facing, not only from the Company itself but also from angry investors, the SEC and others. The company tried to put any kind of preasure on him, like even spying on his telephone calls.

Besides the analytical angle, the book also shows the absolute will of EInhorn to fight this through. At some point in time he even commits all potential profits out of this position to charity.

I would actually recommend it also as an outstanding book on analyzing financial statements for anyone interested in this field.

And of course this is a Must Read for anyone interested in short selling stocks.