Buy, Lie, and Sell High: How Investors Lost Out on Enron and the Internet Bubble
, by Mills, D. QuinnNote: Supplemental materials are not guaranteed with Rental or Used book purchases.
- ISBN: 9780130091130 | 0130091138
- Cover: Hardcover
- Copyright: 1/1/2002
Why did the Internet and Enron stock collapses really happen? Was it arrogance? Greed? The "madness of crowds"? Just plain bad luck? Or something else entirely? In Buy, Lie, and Sell High, Harvard Business School Professor D. Quinn Mills offers the first systematic analysis of both the Internet stock bubble and the Enron scandal. Drawing upon new research -- including an extensive review of the latest lawsuits and securities documents -- Mills uncovers both systemic causes and outrageous misbehavior. He demonstrates how each link in the "financial value chain," from venture funds to auditors and regulators, not only failed to protect small investors, but also actively contributed to their losses. Mills demonstrates why it didn't have to be that way, comparing the U.S. experience with that of Germany, which experienced its own Internet stock bubble with far milder consequences to ordinary investors. He then offers practical and detailed recommendations for investors, citizens, and policymakers seeking to keep it from happening again.