Customer Reviews

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

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Buy, Lie, and Sell High provides an interesting look at the Internet bubble and what caused it.

It was a perfect storm of greedy people with little to no business experience, combined with unethical accounting firms, loose federal regulators, new technologies, and a hungry public looking to make a quick dollar.

While the book has ?Enron? in the title, there is not a whole lot about Enron in the book, perhaps 10 pages.

The book has a number of case studies of classic dot bombs. I am surprised that with all of the case studies, Mills did not discuss one of the biggest bombs, Value America.

Overall, the book provides a good look at what went wrong and how it can be prevented from happening again.

I used the feature of searching and reading to check it out right here, online. I searched for their write-up of amazon.com. And it's there, on page 60.

Read those pages first. If you think the authors give an intelligent and insightful perspective on Amazon's role in the internet bubble, then by all means buy and read the book.

I've recommended this book to a few people, but after reading it again recently I was left with a sense of "so what?" about it. As a professor it's hard to get students to understand the type of dreck that was put into the IPO market during the bubble, and this book has a lot of documentation in it, and some incredible but true war stories of the era. I will still recommend it, but I think that there are probably better accounts of the bubble out there, some of them in academic journals.