Fooling Some of the People All of the Time, a Long Short (And Now Complete) Story, Updated With New Epilogue (55 page)

Read Fooling Some of the People All of the Time, a Long Short (And Now Complete) Story, Updated With New Epilogue Online

Authors: David Einhorn

Tags: #General, #Investments & Securities, #Business & Economics

Lobbying

 

Lokey, Houlihan

 

Long, Robert D.

 

Long-only investors

 

Long-Term Capital Management

 

Long-term shareholders

 

Long-term value

 

Loss analysis

 

Losses

 

M

 

Madoff, Bernie

 

Mason, Greg

 

Magnet Properties, LLC

 

Mail fraud

 

Malpractice lawsuit

 

Management

 

BLX

 

companies

 

concepts

 

credibility of

 

fees

 

role of

 

Management concept

 

Six Sigma

 

Six Sigma Black Belts

 

Market

 

Asian

 

bear

 

bull

 

crash

 

extremes

 

failing

 

manipulation

 

manipulation activity

 

value

 

Market values debt

 

McGee, Matthew

 

McLucas, Bill

 

MDC Holdings

 

Media

 

Allied Capital and

 

hedge funds and

 

Medicare, false claims involving

 

Mergers and acquisitions (M&A)

 

Merrill Lynch

 

Allied Capital stock offering

 

analysts

 

Mezzanine investments

 

Mezzanine loans

 

Miscreant hedge funds

 

Misinformation campaign

 

Money laundering

 

Monkey Business
(Rolfe and Troob)

 

Morgan Keegan

 

Morgan Stanley

 

Internet and

 

Mortgage, fraudulent transactions

 

Morton Grove Pharmaceuticals

 

Mosaic Theory
, of valuation

 

Motel loans

 

Multiyear treatment cycle

 

Mutual funds

 

trade

 

“Mutuals”

 

N

 

Naked shorting

 

defined

 

“Napoleon complex”

 

Napoli, Robert

 

Nasdaq

 

implosion of

 

National Association of Securities Dealers

 

National Marine Fisheries Service

 

Negative stock research

 

Negotiation

 

Net asset value (NAV).
See also
Book value

 

Net capital gains

 

Net income

 

Net investment

 

Net investment income

 

Net operating income (NOI)

 

NETtel

 

“New economy” stocks

 

New York Stock Exchange (NYSE)

 

The New York Times

 

Nguyen, Hoa

 

“No comment” policy

 

Noncash revenue

 

Non-performing assets

 

Norwesco

 

O

 

Off-balance-sheet

 

Office of Compliance Inspections and Examinations (OCIE)

 

Office of Inspector General (OIG)

 

Off Wall Street
(Roberts)

 

O’Hara, Terrence

 

OnSite

 

Operating companies

 

Option cancellation payment (OCP)

 

Oral business agreements

 

Orthodontic Centers of America (OCA)

 

Overstock

 

“Oversubscription” rights

 

P

 

Painter, Ed

 

Pair trades

 

Patel, Mangu

 

Payment-in-kind (PIK) income

 

Pearlstein, Steven

 

Perold, André

 

Phone records, theft of

 

Phycor

 

Piggyback loans

 

Pinnacle Systems

 

Piper Jaffray

 

Political action committee (PAC)

 

Politics

 

Portfolio company

 

Portfolios

 

analysis

 

capital in

 

commercial mortgage backed securities

 

concentrated

 

construction of

 

growth

 

lending accounting

 

losses and gains in

 

mark-ups and mark-downs in

 

performance

 

progress of

 

quality

 

real estate

 

recession and

 

securitized

 

Small Business Administration (SBA)

 

valuation

 

Portfolio valuation methodology

 

Positive stock research

 

Preferred lender providers

 

status

 

Preferred lender status, of BLX

 

Preferred lending program (PLP)

 

status

 

Preferred stock

 

Pretax profits

 

Pretexting

 

Hewlett Packard scandal

 

as invasion of privacy

 

Prices

 

bond

 

decline in

 

exercise

 

fire sale

 

guaranteed

 

stock

 

unguaranteed

 

volatility of

 

Price-to-earnings (P/E) multiple

 

Private companies

 

Private-equity investments

 

Private-equity investors

 

Private finance loans

 

Product revenue

 

Professional investors, list of

 

Profits

 

pretax

 

pro forma

 

reporting

 

Project on Government Oversight (POGO)

 

Property liquidation

 

Provident Bank

 

Proxy

 

Put agreement

 

disclosure of

 

Pyramid-scheme accounting

 

Q

 

Qui tam case against Allied Capital and BLX

 

R

 

Ralston Purina

 

Raptor, partnership with Enron

 

Real estate

 

portfolios

 

ventures

 

Real estate investment trust (REIT)

 

Recession

 

portfolios and

 

Rechler, Scott

 

Reckson Associates

 

Recurring earnings

 

Redox Brands

 

Regulatory guidelines

 

Reinsurance companies

 

Related-party fees

 

Reliance Acceptance

 

Reporting, profits

 

Residual interests

 

Resolution Trust Corporation

 

Retail shareholders

 

Returns

 

absolute

 

blended

 

investment

 

risk-adjusted

 

Revenue recognition policy, of Allied Capital

 

Revenues

 

noncash

 

product

 

Risk

 

analysis of

 

Risk-adjusted returns

 

Robertson, Julian

 

Rogue employees

 

Roll, Penni

 

Rural Business Service (RBS)

 

Rural Telephone Finance Cooperative (RTFC)

 

S

 

Sachs, Gerald

 

Sales

 

of Farmer Mac

 

of securities

 

of shares

Other books

The Best Things in Death by Lenore Appelhans
The World Swappers by John Brunner
Fast Break by Mike Lupica
Just Rules by Anna Casanovas, Carlie Johnson
May B. by Caroline Rose
Trapped with the Blizzard by Huxley, Adele
Run for Home by Dan Latus
Surviving Summer Vacation by Willo Davis Roberts
Mountain Fire by Brenda Margriet