Sold Short

Sold Short
Author: Manuel P. Asensio
Publisher: John Wiley & Sons
Total Pages: 288
Release: 2002-03-14
Genre: Business & Economics
ISBN: 0471437115

A revealing expose by one of today's most successful andcontroversial speculators Short-selling, or betting on a drop in the price of a stock, hasbeen described by its many opponents as everything from shady todownright evil. And no one today personifies the practice betterthan short-seller extraordinaire Manuel Asensio. Though he has beenbranded in the press as a market saboteur, Asensio staunchlydefends his practices, claiming that, above all, he is out toexpose rampant fraud being perpetrated by unscrupulous stockpromoters. Is Asensio a "Minion of Satan" as they say in the onlinechat rooms, or is he really a misunderstood guardian angel of freemarket capitalism? In this tell-all account, Asensio offers readersa lively narrative, peppered with unforgettable anecdotes such asthe story of why he shorted Diana, General Nutrition, Solv-Ex,Turbodyne, and many other high-profile stocks. And he armsinvestors with proven techniques for reducing the inherent risks ofshort-selling while maximizing returns. Clearly, Asensio invitesboth praise and criticism, but his methodology works, and SoldShort is a compelling and fascinating read about this oftenmysterious side of the market--and one of the most controversialindividuals behind it. Manuel Asensio (New York, NY) is founder and Chairman of Asensio& Co., Inc. He has over twenty years of corporate finance andresearch experience. He has been featured in Business Week, theWall Street Journal, Barron's, Fortune, Forbes, Worth, the New YorkTimes, New York magazine, and the New Republic, among other leadingnational and international publications.

Deception In The Marketplace

Deception In The Marketplace
Author: David M. Boush
Publisher: Routledge
Total Pages: 258
Release: 2015-12-22
Genre: Business & Economics
ISBN: 1136648690

This is the first scholarly book to fully address the topics of the psychology of deceptive persuasion in the marketplace and consumer self-protection. Deception permeates the American marketplace. Deceptive marketing harms consumers’ health, welfare and financial resources, reduces people’s privacy and self-esteem, and ultimately undermines trust in society. Individual consumers must try to protect themselves from marketers’ misleading communications by acquiring personal marketplace deception-protection skills that go beyond reliance on legal or regulatory protections. Understanding the psychology of deceptive persuasion and consumer self-protection should be a central goal for future consumer behavior research. The authors explore these questions. What makes persuasive communications misleading and deceptive? How do marketing managers decide to prevent or practice deception in planning their campaigns? What skills must consumers acquire to effectively cope with marketers’ deception tactics? What does research tell us about how people detect, neutralize and resist misleading persuasion attempts? What does research suggest about how to teach marketplace deception protection skills to adolescents and adults? Chapters cover theoretical perspectives on deceptive persuasion; different types of deception tactics; how deception-minded marketers think; prior research on how people cope with deceptiveness; the nature of marketplace deception protection skills; how people develop deception protection skills in adolescence and adulthood; prior research on teaching consumers marketplace deception protection skills; and societal issues such as regulatory frontiers, societal trust, and consumer education practices. This unique book is intended for scholars and researchers. It should be essential reading for upper level and graduate courses in consumer behavior, social psychology, communication, and marketing. Marketing practitioners and marketplace regulators will find it stimulating and authoritative, as will social scientists and educators who are concerned with consumer welfare.

Deception in Markets

Deception in Markets
Author: C. Gerschlager
Publisher: Palgrave Macmillan
Total Pages: 378
Release: 2004-11-19
Genre: Business & Economics
ISBN: 9781403943453

This volume focuses on modern economic analyses of deception in markets. The contributors offer a systematic account of how different approaches to modern economics deal with dishonesty and cheating in the marketplace. The particular focus is on economic concepts such as rationality and behaviour in relation to deception. Analyses are presented from the perspective of standard economic frameworks (i.e. game theory, new institutional economics, new classical macroeconomics) while behavioural developments (i.e. behavioural economics and finance) are referred to, challenging the basic economic concepts of rationality and self-interest. Finally, anthropological findings are used to contrast these economic conceptions of deception.

Gross Deception

Gross Deception
Author: Dale Pollak
Publisher: Greenleaf Book Group
Total Pages: 167
Release: 2020-02-04
Genre: Business & Economics
ISBN: 0999242741

A journey of discovering and correcting a hole in the used car universe. Dale Pollak, innovator and leader of the automotive sales and management industry, will once again, have you rethinking how to manage the used car business. More than a how-to business book, Gross Deception is a story of finding a problem in the reliance on gross profit and the trials to create a solution. This thoughtfully written book not only shows you the trial and error of potential answers, but also how to apply the answer that culminated from years of work. Referred to as ProfitTime, Dale's solution includes both the “New Math of Used Vehicles” and the “Investment Score” system, helping you to know the ROI and net profit potential of every vehicle. With Dale’s ProfitTime solution you will: • Invigorate your cash flow • Increase your sales volume • Introduce new metrics • Initiate value-based management • Identify market shifts Through metric and methodology, Gross Deception will restructure how you view a car’s time on the lot.

Phishing for Phools

Phishing for Phools
Author: George A. Akerlof
Publisher: Princeton University Press
Total Pages: 296
Release: 2016-08-16
Genre: Business & Economics
ISBN: 0691173028

Why the free-market system encourages so much trickery even as it creates so much good Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize–winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Rather than being essentially benign and always creating the greater good, markets are inherently filled with tricks and traps and will "phish" us as "phools." Phishing for Phools therefore strikes a radically new direction in economics, based on the intuitive idea that markets both give and take away. Akerlof and Shiller bring this idea to life through dozens of stories that show how phishing affects everyone, in almost every walk of life. We spend our money up to the limit, and then worry about how to pay the next month's bills. The financial system soars, then crashes. We are attracted, more than we know, by advertising. Our political system is distorted by money. We pay too much for gym memberships, cars, houses, and credit cards. Drug companies ingeniously market pharmaceuticals that do us little good, and sometimes are downright dangerous. Phishing for Phools explores the central role of manipulation and deception in fascinating detail in each of these areas and many more. It thereby explains a paradox: why, at a time when we are better off than ever before in history, all too many of us are leading lives of quiet desperation. At the same time, the book tells stories of individuals who have stood against economic trickery—and how it can be reduced through greater knowledge, reform, and regulation.

Infectious Greed

Infectious Greed
Author: Frank Partnoy
Publisher: Profile Books
Total Pages: 493
Release: 2010-09-03
Genre: Business & Economics
ISBN: 1847651372

First published in 2003, Infectious Greed examined how our greed-driven culture led to the generation of massive profits, but also to unprecedented levels of risk, widespread deception, and high profile disasters like Enron and Worldcom. In the wake of the 2008-9 financial crisis, Partnoy's analysis of how major companies obscured the reality from shareholders by disguising risk and side-stepping regulations, is more pertinent than ever. Beginning in the mid-1980s with the introduction of the first proto-derivatives, Partnoy gives an intelligent and thorough account of the dangerous manipulations that have and continue to come to light.

Fraud in the Markets

Fraud in the Markets
Author: Peter Goldmann
Publisher: John Wiley & Sons
Total Pages: 228
Release: 2010-02-25
Genre: Business & Economics
ISBN: 0470608382

A dramatic look at fraud's role in our financial markets-and how you can protect yourself Fraud In the Markets reveals the critical role fraud played in the global financial crisis-even as many of the perpetrators continue to go unpunished. Shedding light on the reckless conduct of the former senior executives at major Wall Street firms such as Lehman Brothers, Bear Stearns, Merrill Lynch and others just before their collapse, this timely book shows how the culture of "anything goes" on Wall Street fueled the innovation of exotic but deadly asset-backed securities. A frank insider look at the most dramatic economic and business headlines in recent memory, you will find revealing discussion of The egregiously fraudulent lending practices that engulfed the entire US mortgage industry The brazenly deceptive marketing of asset-backed securities A road map to prevent similar disasters from recurring Fraud in the Markets offers forward-looking advice, with practical guidelines for protecting yourself and your company from various forms of fraud that were found to have played a role in the current economic and financial crisis.

Deception and Self-Deception in Capital Markets

Deception and Self-Deception in Capital Markets
Author: Joshua D. Coval
Publisher:
Total Pages:
Release: 2009
Genre:
ISBN:

We argue that self-deception underlies various aspects of the behavior of investors and of prices in capital markets. We examine the implications of self-deception for investor overconfidence, and how firms and financial institutions can exploit the overconfidence of investors in a predatory fashion. These ideas link self-deception to deception by others. We also examine how investor self-deception and overconfidence can affect financial reporting and disclosure policy.

Cartel Deception in Nonrenewable Resource Markets (Classic Reprint)

Cartel Deception in Nonrenewable Resource Markets (Classic Reprint)
Author: Tracy R. Lewis
Publisher: Forgotten Books
Total Pages: 42
Release: 2018-03-24
Genre: Business & Economics
ISBN: 9780365474913

Excerpt from Cartel Deception in Nonrenewable Resource Markets But it seems unlikely that such perfect monitoring is possible in the markets for oil and other nonrenewable resources. It appears difficult enough for any one nation accurately to estimate its own reserves, let alone to police the accuracy of others' published estimates. Similarly, it is not obvious that any producer can accurately monitor the sales of all others. It might thus be both possible and profitable for individual producers to lie about their reserves or outputs for some finite period of time. If the market proceeds along the Salant equilibrium price path corresponding to the false data, reserves in the hands of all producers at the end of the deception will generally be different than they would have been had all told the truth. Even if all parties insist on careful monitoring after the lie has been revealed, the shift in reserve positions may make the lie profitable. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.