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

In his book "More Money Than God: Hedge Funds and the Making of a New Elite," Sebastian Mallaby tells the story of the rise of hedge funds, from their humble beginnings in the 1950s to their current status as one of the most powerful forces in the global financial system. Mallaby provides a fascinating account of the personalities and strategies that have made hedge funds so successful, and he also explores the implications of their growing power for the economy and society as a whole.This book is like a financial buffet, serving up a tantalizing blend of outrageous stories, mind-boggling wealth, and brilliant insights that will leave you simultaneously amazed and mesmerized.Mallaby effortlessly weaves together the Wall Street titans and hedge fund wizards, taking us on a journey that parts thrilling and absurd. He delves into the secret strategies and questionable ethics of these money-munching moguls, revealing the distorted reality of a world where billions are made or lost in the blink of an eye.But what sets "More Money Than God" apart is its witty narration, blending a humorous tone with deep insights into the workings of the financial universe. Mallaby has a knack for turning mind-numbing financial jargon into entertaining anecdotes that will leave you chuckling and shaking your head. From extreme risk-taking to mind-bending market machinations, you’ll be left wondering if these financial wizards are geniuses, lunatics, or a unique mix of both.Mallaby dives deep into the complex world of finance, exploring the origins of hedge funds, the intricacies of short-selling, and the impact of these financial behemoths on the global economy. You'll come away with understanding of the forces that shape our financial world, as well as a healthy dose of cynicism and skepticism.In the end, "More Money Than God" is insightful, and occasionally jaw-dropping exploration of the excesses and eccentricities of the finance industry. Mallaby's brilliant storytelling and sharp analysis make this book a must-read for anyone who wants to the curtain of the most powerful money-making machine."More Money Than God" is a well-researched and well-written book that is both informative and entertaining. Mallaby does an excellent job of explaining complex financial concepts in a way that is accessible to the lay reader, and he also provides a balanced assessment of the pros and cons of hedge funds -- I recommend it highly.

Twelve years after publication this remains an one of the better accounts of how hedge funds were conceived and the consequences - positive and negative - of their "business". The 55 pages of detailed endnotes reference interviews with key personalities. One glaring omission, however, is the failed August 1998 attack on the Hong Kong currency peg which is well-documented and of which Barton Biggs wrote, "When the hedge funds become a pack and attack a country the way they attacked Hong Kong, they are engaged in destabilising and essential immoral activity." See Joseph Yam's "Defending Hong Kong's Monetary Stability" speech at TDC Networking Luncheon, Singapore on 14 October 1998.

Per chiunque fosse interessato ad approfondire l'approccio agli investimenti di alcuni tra i gestori di fondi hedge più importanti di sempre. Le note molto dettagliate rimandano a moltissimi altri testi e articoli. Lo rileggerei volentieri se non fossi preso proprio dallo studio delle note!

As someone who's made a lot of money investing in hedge funds myself, this book was a great read.Highly recommended for those of you who enjoy good business / investing books.

Ainda nao terminei. Mas chegou no prazo e as primeiras 100 paginas são excelentes. Espero poder ler rapidamente e dad uma avaliação mais completa.