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Chapter 6. Growing Mushrooms: The Art of the Opaque, Sneaky, and Buried

Chapter 6. Growing Mushrooms: The Art of the Opaque, Sneaky, and Buried

“In 2000 and 1999, Enron entered into transactions with limited partnerships (the related party) whose general partners’ managing member is a senior officer of Enron.”

—among footnotes to the Enron annual financial statement issued April 2, 2001

In his memoir, Benjamin Graham recalls traveling from New York City overnight in a Pullman berth and then taking a rickety local train on a bitterly cold and snowy morning to attend the annual meeting of Northern Pipeline in Oil City, Pennsylvania. It was 1927.


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