Fooling some of the people all of the time
Subtitle: Allied Capital--a long, short story
By: David Einhorn ; foreword by Joel Greenblatt.
Publisher: John Wiley & Sons; J. Wiley
Published: 2008
Place of publication: Hoboken, N.J
Language: eng
Number of pages: 379
ISBN-13: 9780470073940
Subjects: Allied Capital -- Management -- Evaluation; Allied Capital -- Accounting -- Evaluation; Small business investment companies -- United States -- Management -- Evaluation
First sentence: My father, Stephen, wanted to write a book before he turned forty, and at thirty-eight realized he better get started.
Description: On May 2002 the author, a hedge-fund manager, gave a speech at a charity event about a seemingly corrupt and unorthodox business development company called Allied Capital being shorted by the fund.
The speech launches an ongoing battle between the fund and the company to determine who has the most accurate view of Allied's business.  This book provides the hedge fund's side of the story.
Notes: Includes index.
Table of contents: title: Forward, ix; title: Acknowledgements, xi; title: Allied Capital Stock Price Chart, xiv; title: Who's Who, xvii; title: Introduction: The Spark of a Speech, 1; title: . Part 1: A Charity Case and Greenlight Capital; title: 1 Before Greenlight, 9; title: 2 Getting the "Greenlight", 13; title: 3 Greenlight's Early Success, 23; title: 4 Value Investing through the Internet Bubble, 33; title: 5 Dissecting Allied Capital, 43; title: . Part Two: Spinning So Fast Leaves Most People Dizzy; title: 6 Allied Talks Back, 55; title: 7 Wall Street Analysts, 65; title: 8 The You-Hav-Got-to-Be-Kidding-Me Method of Accounting, 73; title: 9 Fact-Or Maybe Not, 81; title: 10 Business Loan Express, 97; title: 11 Disengaging and Re-engaging, 105; title: 12 Me or Your Lyin' Eyes?, 111; title: 13 Debates and Manipulations, 121; title: 14 Rewarding Shareholders, 127; title: 15 BLX is Worth What, Exactly?, 135; title: . Part Threee: Would Somebody, Anybody, Wake Up?; title: 16 The Government Investigates, 145; title: 17 A Tough Morning, 157; title: 18 A Spinner, A Scribe, and a Scholar, 165; title: 19 Kroll Digs Deeper, 171; title: 20 Rousing the Authorities, 179; title: 21 A $9 Million Game of Three-Card Monte, 193; title: . Part Four: How the System Works (and Doesn't); title: 22 Hello, Who's There? 213; title: 23 Whistle-Blower, 223; title: 24 A Naked Attack, 237; title: 25 Another Loan Program, Another Fraud, 245; title: 26 The Smell of Politics, 255; title: 27 Insiders Getting the Money Out, 265; title: . Part Five: Greenlight Was Right  . . . Carry On; title: 28 Charges and Denials, 275; title: 29 Charges and Admissions, 283; title: 30 Late Innings,297; title: 31The SEC Finds a Spot under the Rug, 311; title: 32 A Garden of Weeds,316; title: 33 AConviction, a Hearing, and a Dismissal,  331; title: 34 Blind Men, Elephants, Mobius Strips,and Moral Hazards,351; title: Glossary, 357; title: About the Author, 363; title: Index, 365