More Money Than God: Hedge Funds And The Making Of A New Elite (2010) - Plot & Excerpts
Its insane when Hedge funds can lose hundreds of million dollars per hour in some cases and still come out on the right side of the trade.It does try really hard to show the Hedge funds in a good light (providing liquidity, making prices more efficient etc.), But it is really hard to fathom the cases of Soros and Druckenmiller when they willfully killed the Sterling and then the Thai Baht.Loved reading the book, these guys (hedge fund managers) are hyper alpha males, and willing to go all out to get a single penny. Nicely written. I have new found respect for Druckenmiller after this. Soros, a bit less - he is a philanthropist with an agenda. A good recount of hedge fund history although told through very biased words. Some very interest characters are introduced, alpha males that are born in the midst of crises. It does irritate me a little that the author cited many studies that favor hedge funds but did not also give us some of the academic studies that do not support the claim. Still, a good read for any student of the capital market.
What do You think about More Money Than God: Hedge Funds And The Making Of A New Elite (2010)?
Great profile of the rise of the HF industry. Wish I could be Bruce Kovner. What a Boss.
—pkaluza77
Interesting history though the policy conclusions seem very suspect
—cha
