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Fooling Some of the People All of the Time, A Long Short Story, Updated with New Epilogue

in: Investing
Summary:

The book is a detailed account of a hedge fund manager's six-year investigation into the financial discrepancies at Allied Capital, a leader in the private finance industry. It provides an insider's perspective on the challenges of short selling and exposes the conflicts of interest and regulatory inefficiencies in the financial world.

Key points:

1. Due Diligence: The book stresses the need for thorough research in investment decisions, using Einhorn's investigation into Allied Capital as an example.

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