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  • Buy, Lie, and Sell High: How Investors Lost Out on Enron and the Internet Bubble

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    About The File:
    File Format | PDF
    File Size | 1.37 MB
    Pages | 287
    Language | English
    Category | Investing
    Description:  Investors lost millions of dollars in the Internet collapse -- and, according to conventional wisdom, they only have themselves to blame for being greedy, shortsighted, and ignorant of business fundamentals. But is that the real story? In this riveting and insightful book, Harvard Business School Professor Daniel Quinn Mills argues that the Internet bubble and subsequent collapse was no accident: blame can be placed squarely at the feet of venture firms, investment banks, accountants, mutual funds, brokerages, federal regulators, and the Federal Reserve -- not "dumb small investors.

    Through extensive original research and the contributions of many active participants, Buy, Lie, and Sell High offers authoritative answers to the questions every investor is asking: "What actually happened during the Internet bubble?" "Who got the money I lost?" "Why did it happen?" "Who's to blame?" "What can I do about it?" "Will it happen again, and how can I keep it from happening to me?" Mills compares the U.S. Internet bubble with events in Germany, where an Internet bubble also arose -- but with radically different and far less serious consequences. Drawing on the same ideas, he also offers the first detailed analysis of the Enron collapse. Then, Mills presents a specific, rigorous analytical structure for helping investors avoid future bubbles -- as well as the first detailed proposals for effective reform.
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