Buy, Lie, and Sell High: How Investors Lost Out on Enron and the Internet Bubble

by D. Quinn Mills

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)

265 pages, Hardcover

First published June 19, 2002