Fooling Some of The People All of The Time (Book Review)

Fooling Some of The People All of The Time Book Review

Read this Book Review of Fooling Some of The People All of The Time…

Fooling Some of The People All of The Time, by David Einhorn, is a “Long (short) Story” about Greenlight Capital’s battle against Allied Capital.

Fooling Some of The People All of The Time is an exciting and eye-opening read into the high intensity world of event-driven hedge funds. The book is a factual recount of a true story. And once you start reading it’s a hard book to put down.

So in this book review of Fooling Some of The People All of The Time I’ll tell you a little bit more about what this book is about and why I liked it so much. By the time you finish reading this book review you should have a very good idea whether or not Fooling Some of The People All of The Time is the right investing book for you.

Since I just finished reading this book all the details are very fresh in my mind. And I can’t wait to share this exciting story with you.

The Story of Fooling Some of The People All of The Time:

Fooling Some of The People All of The Time is a book about David Einhorn’s hedge fund, Greenlight Capital, and it’s battle against a publicly traded stock called Allied Capital. Here’s how it goes down…

The book starts out giving you a little background information on Einhorn and his hedge fund. You get a pretty good feel for how he got into the business and why he was successful from the outset.

This introductory context is actually really inspiring in it’s own right – as Einhorn took a $900,000 investment and turned it into a multi-billion dollar fund. Once you realize how successful he’s been it’s hard not to be interested in what he has to say.

From there…

Fooling Some of The People All of The Time quickly moves forward into Einhorn’s short thesis about Allied Capital and why it became so public. The book quickly moves forward into a riveting tale. It’s a 400 page battle between short sellers and management of a popular publicly traded company. And each page is better than the last

Fooling Some of The People All of The Time moves at a very quick pace and covers a lot of information. Luckily Einhorn’s writing style is easy, enjoyable and injected with a sense of humour. The book has just the right amount of details to keep things moving while still giving you a thorough picture of what’s going on.

Speaking of…

Here’s What I Liked Best About Fooling Some of The People All of The Time:

The story of Fooling Some of The People All of The Time is actually almost unbelievable (even though it’s completely true). The things that happen as Einhorn and Allied duke it out are actually insane.

There were many points in the book where I wanted to tear my hair out in frustration. But ironically. That was the best part of the book.

You see…

Fooling Some of The People All of The Time gives an incredibly in-depth portrayal of how things actually work for high-conviction short sellers. I  never appreciated the intense pressure, scrutiny and downright disdain that these major-league short sellers have to overcome.

And to be honest…

The inside look at “the system” was absolutely enlightening. And it acts as a stark wake up call to optimistic investors who are predisposed to taking management at their word. I seriously couldn’t believe the fight Einhorn had to put up, and the things that management of a publicly traded company were doing to keep the “status quo” in tact.

Fooling Some of The People All of The Time really drives home the lesson that if you want to invest you are taking the risk. And you shouldn’t rely on regulators or analysts to fill in the blanks for you. You need to be accountable for your money or you’re likely to be the next person that gets fool.

But while I really enjoyed Fooling Some of The People All of The Time, I don’t want you to buy this book for the wrong reason. So you should know…

What Fooling Some of The People All of The Time Leaves Out:

Fooling Some of The People All of The Time is a really great account of Einhorn’s battle with Allied Capital. It’s truly a gripping tale that will leave your jaw hanging open in disbelief. But Fooling Some of The People All of The Time isn’t entirely actionable.

While Fooling Some of The People All of The Time definitely taught me to be more skeptical of management, and identified some accounting tricks to be aware of… the book feels more like a cautionary tale than an instructional guide on how to short sell stocks.

To be honest, I’m quite happy with the allegorical warning. And it makes for a really interesting and entertaining read. But if you’re looking for something along the line of Stan Weinstein’s How to Profit in Bull and Bear Markets, you’re barking up the wrong tree with Fooling Some of The People All of The Time. Make sense?

So is Fooling Some of The People All of The Time an investment book worth reading?

Fooling Some of The People All of The Time – The Final Word:

Fooling Some of The People All of The Time is an excellent investment book. I really enjoyed learning about the battle between Allied and Greenlight. At multiple times throughout the book I almost couldn’t believe what I was reading. And it definitely serves as a valuable warning tale for optimistic investors. So…

For these reasons (and all the others listed above) I recommend you buy Fooling Some of the People All of The Time on Amazon. I think you’ll enjoy it. And if you’re still a little curious you can check out the video book review below.

Fooling Some of The People All of The Time – Video Book Review:

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