More Money Than God
Hedge Funds and the Making of a New Elite

More Money Than God was one of the most educational and interesting finance books I've read. Mallaby has really done his homework here, and it shows. The history of hedge funds, by the very nature of hedge funds, gives a lot of general market history as well, and I often found myself realizing that......more

Mallaby not only presents the definitive history of hedge funds, starting with the first one (created by A.W. Jones in 1949), and continuing through the recent financial crisis, but he also makes the argument that hedge funds are the best alternative to the megabanks on Wall Street. That's a pretty......more

Despite a spicy title, one of the few books where I've no notes to share. Reason? Unlike the Ivy League teams heading investment banks, a hedge fund is usually the brainchild of one highly charismatic individual with a uniquely aggressive trading ethos. Or so the book claims, focusing solely on Soro......more

As an economic student enrolled at university I often found that the theories of economics seldom managed to predict anything (with the exception of austrian economics (which wasnt taught at university)). By writing the history of hedge funds its author thereby shows the flaws of traditional finance......more

In 1949, an American sociologist and a former diplomat and anti-Nazi operative decided to get rich. He organized a "hedged [sic] fund" that bought shares in the companies he deemed promising, and sold short shares in the companies he deemed unpromising, doing all this on borrowed money. The top marg......more