Buy, Lie, and Sell High: How Investors Lost Billions in Enron & Dot-Com Bubble - Stock Market History & Financial Scandal Analysis for Modern Investors
Buy, Lie, and Sell High: How Investors Lost Billions in Enron & Dot-Com Bubble - Stock Market History & Financial Scandal Analysis for Modern Investors

Buy, Lie, and Sell High: How Investors Lost Billions in Enron & Dot-Com Bubble - Stock Market History & Financial Scandal Analysis for Modern Investors

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Description

Mills (business administration, Harvard Business School) examines the expansion and collapse of the economic bubble surrounding information technology stocks in the United States. He compares the American situation to a similar German bubble that had vastly different outcomes, blaming much of the problem on inability of the "financial value chain" of accountants, investment banks, money management firms, and the media to accurately assess the short-term value of companies. The discussion of Enron is mostly limited to one short chapter that relates the collapse of the company to some of the larger processes that Mills details. Annotation (c) Book News, Inc., Portland, OR (booknews.com)

Reviews

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- Verified Buyer
Buy, Lie, and Sell High provides an interesting look at the Internet bubble and what caused it.It was a perfect storm of greedy people with little to no business experience, combined with unethical accounting firms, loose federal regulators, new technologies, and a hungry public looking to make a quick dollar.While the book has ?Enron? in the title, there is not a whole lot about Enron in the book, perhaps 10 pages.The book has a number of case studies of classic dot bombs. I am surprised that with all of the case studies, Mills did not discuss one of the biggest bombs, Value America.Overall, the book provides a good look at what went wrong and how it can be prevented from happening again.