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Title: Warren Buffet's recommendation
Review: picked this book up after reading Buffet's recommendation in his annual letter. The book definitely makes the bile rise, but it does not delve sufficiently into social and business context of the 90s that allowed such excesses.Good documentation and references to the failure of oversight bodies like SEC, accounting firms (Arthur Andersen audited Enron, PWC audited some subsidiaries). It was revealing to read the glorious predictions of analysts who fail to distinguish between aspirations and business reality. The Enron staffers reminded me of a story about a footballer intent on scoring a goal but is incapable of stopping him/herself from scoring into his/her own team's goal because the desire to score a goal was overarching and maniacal.The last 150 pages of the book is sheer torture to read, page after page repetition of same problem, i.e.,'monetizing' future revenue and not recognizing losses in subsidiary, but then Repetition is the mother of learning, I suppose.
