2008-04-30

The Money Kept Vanishing - David Einhorn's New Book "Fooling Some of the People All of the Time"

David Einhorn


Fooling Some of the People All of the Time
By David Einhorn
(Wiley, 379 pages, $29.95)

Most of David Einhorn's ideas work out brilliantly. He is a 39-year-old hedge-fund manager in Manhattan who oversees $6 billion. Bull markets? Bear markets? It hardly matters. His stock portfolio has averaged 25% annual returns since 1996, when he opened Greenlight Capital.

Now Mr. Einhorn has written a book. But instead of packaging the real or contrived "secrets" to his success – as cliché would have it – he has tried to do something less triumphant and far gutsier. In "Fooling Some of the People All of the Time," he turns the spotlight on a single, stubborn investment play that never made much money for him but created six years of headaches.

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Direct Link - The Money Kept Vanishing

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