First published 2011
Sebastian Mallaby exposes the secretive world of hedge funds through three hundred hours of insider interviews. He traces these financial titans from their 1960s origins to their survival of the 2007-2009 crisis. Griffin launched Citadel from his college dorm. Robertson recruited young athletes and raced them up mountains. Jones posed with sharks and called market crashes "total rock-and-roll." Steinhardt crushed employees with brutal remarks. Finance theory claims beating the market is impossible, yet these moguls cracked its secrets using insights from physics, economics, and psychology. They earned billions and transformed capitalism itself. While major banks, brokers, and insurers collapsed or needed bailouts during 2008, hedge funds survived better than their competitors. Mallaby argues that understanding hedge fund history reveals the future of finance.
Genres: business, economics, non-fiction, 21st-century, finance
Vibes: intimate, suspenseful, thought-provoking
Tropes: historical-narrative, insider-perspective
Period: 1960s, 2007-2009
Hardcover · Finanzbuch Verlag