--- In FairfieldLife@yahoogroups.com, "shempmcgurk" <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, "larry.potter" > <larry.potter@> wrote: > > > > http://biz.yahoo.com/ap/061023/enron_skilling.html?.v=26 > > > > ouch, being greedy and a thief is a disastrous combination. > > poor guy.. > > > > > What I find most interesting about the Enron story is someone named > John Chanos who is a Wall Street Trader who was one of the first to > see that Enron was built on fantasy. He ended up making 10s of > millions because he shorted Enron stock (and advised his clients to > do the same) when it was at its peak. > > But Chanos did it the old-fashioned way: he actually studied Enron's > financial statements. He saw anomalies and instead of like 99% of > everyone else who was trading Enron stock and were euphoric and on > the bandwagon about its success, he rolled up his sleeves and went > into all the little details, found it to be a house of cards, and > sold short. > > Which begs the question: if Chanos could see the truth, why couldn't > the others? Were they too lazy? Were the financial statements such > fraudulent documents that everyone else were fooled? But if they > were so fraudulent, then why could Chanos see the truth? >
They were too good to be true? To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
