More Money Than God: Hedge Funds and the Making of a New Elite (Council on Foreign Relations Books (Penguin Press))
| Author | : | |
| Rating | : | 4.29 (774 Votes) |
| Asin | : | 0143119419 |
| Format Type | : | paperback |
| Number of Pages | : | 512 Pages |
| Publish Date | : | 2013-04-03 |
| Language | : | English |
DESCRIPTION:
First, hedge funds often trade against people who are buying or selling for some reason other than profit. They came through the turmoil relatively unscathed, and never took a cent of taxpayers’ money. Sebastian Mallaby on Hedge Funds I set out to write the history of hedge funds for two reasons. Second, the hedge-fund structure makes people compete harder. Since the book has come out, many readers have posed the skeptical question: Do hedge funds really make money systematically? The answer is an emphatic yes; and without giving the whole book away, I can point to a couple of reasons why hedge funds do outsmart the supposedly efficient market.
Drawing on his unprecedented access to the industry, esteemed financial writer Sebastian Mallaby tells the inside story of the hedge funds, from their origins in the 1960s to their role in the financial crisis of 2007 to 2009.Read Sebastian Mallaby's new book, The Man Who Knew: The Life and Times of Alan Greenspan.. Beating the market was long thought to be impossible, but hedge funds cracked its mysteries and made fortunes in the process. "Splendidthe definitive history of the hedge fund, a compelling narrative full of larger-than-life characters and dramatic tales." -- The Washington Post Wealthy, powerful, and potentially dangerous, hedge fund moguls have become the It Boys of twenty-first- century capitalism
Great read. Balanced, cohesive and enlightening CHARLES MCDONALD I really needed a book that summarised different investing approaches by world renowned figures and this book did it - perhaps even better than Michael Lewis's Liars Poker. Great summary of growth of hedge funds and how they've evolved. Don't think there's another book like it.If you want to learn on how big names invest this is the way to go. An Epic Contribution to the History of Finance William Dahl This is the magnum opus on the hedge fund industry. As other hedge fund related books seek to either vilify the industry or brazenly praise the uncanny good fortunes industry insiders - this book does neither - which I found refreshing and a strategic positioning of this work from "the rest."Sebastian Mallaby is currently the Paul Volcker Senior Fellow for International Economics at the Council on Foreign Relations. He's also a columnist at the WA Post and spent over a decade with The Economist responsible for international finance coverage - serving a bureau chief in . "A good readmoney well spent." according to Richard Williams. Over the course of time I have created quite a library of books on the financial industry as well as tomes written by the likes of Bair & Geithner. I've visited Bretton Woods and searched the maddening of crowds and manias. That said, very seldom do I feel the need to write a review, but in this case, I make an exception. Well researched, enlightening in it's depth, yet readable in its flow. Familiar with all the players covered here but gained depth of understanding of what they did and how they functioned. Not since The Seven Sins of WallStreet have I had a can't put