More Money Than God
Hightlight
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Entrepreneurship
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Geographical
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Historical
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Political
More Money Than God: Hedge Funds and the Making of a New Elite
Author
Sebastian Mallaby
Published Date
2010
Page Count
496
Overview
“More Money Than God: Hedge Funds and the Making of a New Elite” by Sebastian Mallaby is an in-depth exploration of the world of hedge funds and their impact on global finance. Mallaby provides a detailed history of hedge funds, profiling some of the most successful and influential hedge fund managers. The book examines the strategies that made these funds enormously profitable, as well as their role in financial markets, including their impact during financial crises.
Key Themes
- History of Hedge Funds: Traces the origins and evolution of hedge funds, from their beginnings to their status as powerful financial institutions.
- Profiles of Hedge Fund Managers: Insight into the lives and strategies of some of the most successful hedge fund managers, such as George Soros and Julian Robertson.
- Hedge Fund Strategies and Performance: Analysis of the various investment strategies employed by hedge funds and their effectiveness.
- Impact on Global Finance: The role of hedge funds in financial markets, including their influence on economic policy and financial stability.
Historical Context
The book covers the development of hedge funds over several decades, providing context for their rise to prominence in the global financial system.
Author’s Background
Sebastian Mallaby is a journalist and author specializing in economics and international affairs. His extensive research and interviews with key figures in the finance world bring authority and depth to the book.
Impact and Legacy
“More Money Than God” has been acclaimed for its comprehensive and insightful look into the secretive world of hedge funds, shedding light on a significant yet often misunderstood segment of the financial industry.
Strengths and Weaknesses
Strengths: The book is well-researched and provides a thorough understanding of hedge funds, combining historical context with detailed profiles of individuals and funds. Weaknesses: Some readers may find the financial details and jargon challenging, and the book’s length might be daunting for those looking for a more concise overview.
Who Should Read This?
Ideal for finance professionals, investors, and anyone interested in understanding the complex and often opaque world of hedge funds and their role in global finance.
Similar Books
- “The Big Short: Inside the Doomsday Machine” by Michael Lewis: Focuses on the 2008 financial crisis and the role of hedge funds and other financial institutions in the collapse.
- “When Genius Failed: The Rise and Fall of Long-Term Capital Management” by Roger Lowenstein: A case study of a famous hedge fund collapse and its implications for the global financial system.
Final Thoughts
“More Money Than God: Hedge Funds and the Making of a New Elite” offers a comprehensive and engaging look into the high-stakes world of hedge funds, providing valuable insights into their strategies, successes, and impacts on the global economy.
