Hedge fund managers are among the nouveau megariche, but thats not what mallaby s book is about. By looking back at the history of this influential investment practice, it reveals how. Based on author sebastian mallabys unprecedented access to the industry, including three hundred hours of interviews, more money than god tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 20072009. Bolstered by mallabys unprecedented access to the industry, more money than god tells the inside story of hedge funds, from their origins in the 1960s and 1970s to. Mallaby avoids the sexdrugsandrocknroll aspects of the fast pace and fabulous wealth within the hedgefund realm to concentrate on the buyandsell philosophies promulgated by the boys. Jun 22, 2010 more money than god, but morally bankrupt sebastian mallabys book is an expert primer on hedge funds the ferraris of finance and a detailed portrait of wall streets daredevils. After reading felix salmon and noam scheiber on sebastian mallabys more money than god, i purchased and started reading the book last night. The author explains why he believes hedge funds are less of a risk to the markets than. Todays populist mood has not deterred sebastian mallaby. Sebastian mallaby is the author of several books, including more money than god and the man who knew. About the worlds banker never has the world banks relief work been more important than in the last nine years, when crises as huge as aids and the emergence of terrorist sanctuaries have threatened the prosperity of billions. Wealthy, powerful, and potentially dangerous, hedgefind managers have emerged as the stars of twentyfirst century capitalism.
In more money than god, his smart history of the hedge fund business, mallaby does more than explain how finances richest. Sebastian mallaby s rollicking tour of industry legendsfamous and otherwise tells the improbable story of a. Greenberg center for geoeconomic studies at the council on foreign relations and the author of more money than god, discusses his. Hedge funds and the making of the new elite, by sebastian mallaby, bloomsbury rrp. A splendid account of the ups and downs of an industry in which few of the twentysomething hedgefund wannabes know their history. And it is indeed a boys worldin more than 400 pages of text, no significant female players emerge. The book more money than god by sebastian mallaby starts with the first hedge fund created about 50 years ago by alfred winslow jones, though the hedge funds started to flourish only in 1990s. It sounds like a gossipy tour of new gilded age wealth. Sebastian mallaby is the author of more money than god 4. Read more money than god hedge funds and the making of a new elite by sebastian mallaby available from rakuten kobo. Sebastian mallabys rollicking tour of industry legendsfamous and otherwise tells the improbable story of a. Use features like bookmarks, note taking and highlighting while reading more money than god. Nov 05, 2010 the paul volker senior fellow in international economics at the council on foreign relations, washington post journalist sebastian mallaby has garnered new york times editors choice and notable book honors for his enthralling nonfiction.
In the final third of the book, mallaby explores the role of hedge funds in the horrific collapse of markets during the first decade of the 21st century. An essay in the financial times said of the worlds banker, mallaby s book may well be the most hilarious depiction of a big organization and its controversial boss since michael lewiss liars poker. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally. Hedge funds and the making of a new elite penguin press, 2010. More money than god by sebastian mallaby ezinearticles. Jul 10, 2010 the future for hedge funds looks rather bleaker than mallaby suggests. But more money than god is an enormously satisfying book. More money than god audiobook by sebastian mallaby. Washington post columnist steve pearlstein called it the definitive history of the hedge fund industry, a compelling narrative full of larger than life characters and dramatic tales of their financial triumphs and. More money than god by sebastian mallaby waterstones. The definitive biography of the most important economic statesman of our time sebastian mallabys magisterial biography of alan greenspan, the product of over five years of research based on untrammeled access to his.
By looking back at the history of this influential investment practice, it reveals how hedge funds developed and how they operate today. Bolstered by mallabys unprecedented access to the industry, more money than god tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 20072009. Jun 27, 2010 todays populist mood has not deterred sebastian mallaby. The first authoritative history of hedge fundsfrom their rebel beginnings to their role in defining the future of finance.
Based on author sebastian mallaby s unprecedented access to the industry, including three hundred hours of interviews, more money than god tells the inside story of hedge funds, from their origins in the. The washington post wealthy, powerful, and potentially dangerous, hedge fund moguls have become the it boys of twentyfirst century capitalism. Download it once and read it on your kindle device, pc, phones or tablets. Jones, the vagabond journalistsociologist and daring antinazi activist who. Click and collect from your local waterstones or get free uk delivery on orders over. Mallaby s work has been published in the financial times, washington post, new york times, wall street journal, and the atlantic monthly as columnist, editor and editorial board member. Bolstered by mallabys unprecedented access to the industry, more money than god tells the inside story of hedge funds, from their origins in the. Hedge funds and the making of a new elite kindle edition by mallaby, sebastian. Based on author sebastian mallaby s unprecedented access to the industry, including three hundred hours of interviews, more money than god tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 20072009. Sebastian mallaby talked about his book more money than god. Sebastian mallaby is the author of several books, including the bestselling more money than god. The future for hedge funds looks rather bleaker than mallaby suggests.
Sebastian mallaby the first authoritative history of hedge fundsfrom their rebel beginnings to their role in defining the future of finance. Jones, the vagabond journalistsociologist and daring antinazi activist. More money than god is a must read that will doubtless appeal to a wide range of readers, from hedge fund managers and finance professors to the. Access a free summary of more money than god, by sebastian mallaby and 20,000 other business, leadership and nonfiction books on getabstract. The splashy title more money than god doesnt do sebastian mallaby s hedge fund chronicle justice. Mallaby published a history of the hedgefund industry in more money than god. Buy more money than god by sebastian mallaby from waterstones today. Based on unprecedented access to the industry, more money than god provides the first authoritative history of hedge funds. Based on author sebastian mallabys unprecedented access to the industry, including three hundred hours of interviews, more money than god tells the inside story of hedge funds, from their origins in the. In his book he tells the inside story of the world of hedge funds and. More money than god free summary by sebastian mallaby.
More money than god the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 20079. Another hedge fund had swooped in, acting as the fireman. Based on author sebastian mallaby s unprecedented access to the industry, including three hundred hours of interviews, more money than god tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007 2009. More money than god, but morally bankrupt sebastian mallabys book is an expert primer on hedge funds the ferraris of finance and a detailed portrait of wall streets daredevils. Bolstered by mallaby s unprecedented access to the industry, more money than god tells the inside story of hedge funds, from their origins in the 1960s and. They, and meddling politicians, should read this book before they are condemned to repeat it. A helpful andor enlightening book that has a substantial number of outstanding qualities without excelling across the board, e. The splashy title more money than god doesnt do sebastian mallabys hedge fund chronicle justice.
Hedge funds and the making of a new elite by sebastian mallaby. This is the magnum opus on the hedge fund industry. Sep 14, 2010 sebastian mallaby tells the inside story of the world of hedge funds and the nonstop effort to make as much money as possible on the riskiest trades. Hedge fund managers are among the nouveau megariche, but thats not what mallabys book is about. A helpful andor enlightening book that combines two or more noteworthy strengths, e. Based on author sebastian mallabys unprecedented access to the industry, including three hundred hours of interviews, more money than god tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007 2009. Sebastian mallaby quotes author of more money than god.
A former financial times contributing editor and twotime pulitzer prize finalist, mallaby is the paul a. It was the time when famous investors such as george soros, julian robertson and the like started to charm the financial whizzes about their financial skills. Jun 10, 2010 sebastian mallaby is the author of several books, including more money than god and the man who knew. In the soviet union, the economy was run by the bureaucrats and their five. Jul 15, 2010 more money than god is a must read that will doubtless appeal to a wide range of readers, from hedge fund managers and finance professors to the average individual interested in markets, economics. More money than god hedge funds and the making of a new elite. Pdf more money than god download full pdf book download. Like one hedge fund had imploded, threatening to start a systemic fire. More money than god shines a fascinating light on what is still the most obscure route to becoming a billionairethe mysterious world of hedge funds. More money than god by sebastian mallaby bill dahl. Jan 01, 2010 based on author sebastian mallaby s unprecedented access to the industry, including three hundred hours of interviews, more money than god tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 20072009. 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. Hedge funds and the making of a new elite 2010 is a financial book by sebastian mallaby published by penguin press.
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