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Cover for Summary of David Einhorn's Fooling Some of the People All of the Time

Summary of David Einhorn's Fooling Some of the People All of the Time

Language
English
Format
Category

Economy & Business

Please note: This is a companion version & not the original book. Book Preview:

#1 My father, a chemist, decided to start an MA business in the basement of our house in Demarest, New Jersey. It was a difficult business, and he was paid mostly on contingency. He eventually moved the business out of the house and it became successful.

#2 I majored in government at Cornell University, but became more interested in economics after I interned at the Office of Economic Analysis at the SEC in Washington. I wrote my thesis on the cyclical regulation of the U. S. airline industry.

#3 I began working at DLJ in 1991. I did not understand the culture of the company, and I spent weeks researching a company before meeting with the executives to discuss the opportunity. I would not know the answers to any of Peter’s questions after a couple of years.

#4 I made the initial business plan on a napkin with Jeff Keswin. I would be the portfolio manager, while he would be the marketer and business partner. I did not know where I would raise the initial capital, but I thought we could start with $10 million. My parents invested $500,000.

© 2022 IRB Media (Ebook): 9798822518612

Release date

Ebook: 17 May 2022

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