Excerpt From Buy, Lie, And Sell High

from the blame-everyone dept

Last week we posted an interview with the author of the book Buy, Lie, And Sell High. Now, the folks at HBS have published another interview with him, as well as an interesting excerpt from the book, where he discusses the idea that “buyer beware” wasn’t even fair during the dot com boom, since so many “indepedant analysts” were simply lying or hiding facts. I’m not sure I completely buy that argument – since anyone who invests should know what they’re getting into. The fact that many didn’t, doesn’t absolve them of not understanding what they were doing, and not realizing that analysts were misleading them.

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