As the Enron trial continues, it is fun to revisit the original article by Bethany McLean ’92 which first challenged the conventional wisdom.

It’s in a bunch of complex businesses. Its financial statements are nearly impenetrable. So why is Enron trading at such a huge multiple?

Read the whole thing. Is it true that McLean’s article and/or book are not assigned in a single economics class at Williams? A pity.

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