More Money Than God

More Money Than God PDF Author: Sebastian Mallaby
Publisher: A&C Black
ISBN: 1408809753
Category : Business & Economics
Languages : en
Pages : 497

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Book Description
Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides 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 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started out trading convertible bonds from his Harvard dorm room. Paul Tudor Jones happily declared that a 1929-style crash would be 'total rock-and-roll' for him. Michael Steinhardt was capable of reducing underlings to sobs. 'All I want to do is kill myself,' one said. 'Can I watch?' Steinhardt responded. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007-9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could usefully start here: the future of finance lies in the history of hedge funds.

More Money Than God

More Money Than God PDF Author: Sebastian Mallaby
Publisher: A&C Black
ISBN: 1408809753
Category : Business & Economics
Languages : en
Pages : 497

Get Book

Book Description
Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides 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 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started out trading convertible bonds from his Harvard dorm room. Paul Tudor Jones happily declared that a 1929-style crash would be 'total rock-and-roll' for him. Michael Steinhardt was capable of reducing underlings to sobs. 'All I want to do is kill myself,' one said. 'Can I watch?' Steinhardt responded. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007-9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could usefully start here: the future of finance lies in the history of hedge funds.

More Money Than God

More Money Than God PDF Author: Steven Z. Leder
Publisher: Bonus Books, Inc.
ISBN: 9781566252584
Category : Business & Economics
Languages : en
Pages : 212

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Book Description
Addresses questions about money as they relate to spiritual problems, discussing the impact of money on families and friends, relationships, work, and feelings of self-worth, and offering advice on how to conduct business affairs as if God were the boss.

More Money than God

More Money than God PDF Author: Richard Michelson
Publisher: University of Pittsburgh Press
ISBN: 0822980428
Category : Poetry
Languages : en
Pages : 80

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Book Description
How do we come to terms with loss? How do we find love after tragedy? How can art and language help us to cope with life, and honor the dead? How does one act responsibly in a world that is both beautiful, full of suffering, and balanced precariously on the edge of despair and ruin? With humor, anger and great tenderness, Richard Michelson’s poems explore the boundaries between the personal and the political, and the connections between history and memory. Growing up under the shadow of the Holocaust, in a Brooklyn neighborhood consumed with racial strife, Michelson’s experiences were far from ordinary, yet they remain too much a part of the greater circle of poverty and violence to be dismissed as merely private concerns, safely past. It is Michelson’s sense of humor and acute awareness of Jewish history, with its ancient emphasis on the fundamental worth of human existence that makes this accessible book, finally, celebratory and life-affirming.

The Little Book of Hedge Funds

The Little Book of Hedge Funds PDF Author: Anthony Scaramucci
Publisher: John Wiley & Sons
ISBN: 1118099672
Category : Business & Economics
Languages : en
Pages : 279

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Book Description
The Little Book of Hedge Funds that's big on explanations even the casual investor can use An accessible overview of hedge funds, from their historical origin, to their perceived effect on the global economy, to why individual investors should understand how they work, The Little Book of Hedge Funds is essential reading for anyone seeking the tools and information needed to invest in this lucrative yet mysterious world. Authored by wealth management expert Anthony Scaramucci, and providing a comprehensive overview of this shadowy corner of high finance, the book is written in a straightforward and entertaining style. Packed with introspective commentary, highly applicable advice, and engaging anecdotes, this Little Book: Explains why the future of hedge funds lies in their ability to provide greater transparency and access in order to attract investors currently put off because they do not understand how they work Shows that hedge funds have grown in both size and importance in the investment community and why individual investors need to be aware of their activities Demystifies hedge fund myths, by analyzing the infamous 2 and 20 performance fee and addressing claims that there is an increased risk in investing in hedge funds Explores a variety of financial instruments—including leverage, short selling and hedging—that hedge funds use to reduce risk, enhance returns, and minimize correlation with equity and bond markets Written to provide novice investors, experienced financiers, and financial institutions with the tools and information needed to invest in hedge funds, this book is a must read for anyone with outstanding questions about this key part of the twenty-first century economy.

Richer Than God: Manchester City, Modern Football and Growing Up

Richer Than God: Manchester City, Modern Football and Growing Up PDF Author: David Conn
Publisher: Quercus
ISBN: 1623655773
Category : Sports & Recreation
Languages : en
Pages : 449

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Book Description
Richer Than God is an authoritative, emotional, provocative account of Manchester City's takeover by Sheikh Mansour, culminating in their remarkable last minute Premier League title victory in May 2012. By placing the club's extraordinary current rise in the wider context of its patchy modern history, this is also the story of English football's transformation--from the battlegrounds of the 1980s to today's moneyed, seated, global entertainment. Conn is led to question the very nature of football clubs and being a supporter, the underlying values and running of what used to be called "the people's game." A labor of love, this powerfully told account of Manchester City's fall and rise, based on meticulous research over many years, and exclusive access and interviews with key figures, is written in the gripping, revelatory style Conn has made his trademark.

God and Money

God and Money PDF Author: Gregory Baumer
Publisher: Rose Publishing
ISBN: 1628624078
Category : Christian giving
Languages : en
Pages : 263

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Book Description
Two young Harvard MBAs on the fast track to wealth and success tell their story of God's transforming power and how Scripture brought them to the startling conclusion that they should give the majority of their money away to those in need. Packed with compelling case studies, research, and practical strategies, God and Money offers an honest look at what the Bible says about generous giving. No matter what your salary may be, God and Money shows you how you can reap the rewards of radical generosity in your own life.--from publisher description.

Something other than God

Something other than God PDF Author: Jennifer Fulwiler
Publisher: Ignatius Press
ISBN: 162164152X
Category : Religion
Languages : en
Pages : 258

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Book Description
Jennifer Fulwiler told herself she was happy. Why wouldn't she be? She made good money as a programmer at a hot tech start-up, had just married a guy with a stack of Ivy League degrees, and lived in a twenty-first-floor condo where she could sip sauvignon blanc while watching the sun set behind the hills of Austin. Raised in a happy, atheist home, Jennifer had the freedom to think for herself and play by her own rules. Yet a creeping darkness followed her all of her life. Finally, one winter night, it drove her to the edge of her balcony, making her ask once and for all why anything mattered. At that moment everything she knew and believed was shattered. Asking the unflinching questions about life and death, good and evil, led Jennifer to Christianity, the religion she had reviled since she was an awkward, sceptical child growing up in the Bible Belt. Mortified by this turn of events, she hid her quest from everyone except her husband, concealing religious books in opaque bags as if they were porn and locking herself in public bathroom stalls to read the Bible. Just when Jennifer had a profound epiphany that gave her the courage to convert, she was diagnosed with a life-threatening medical condition-and the only treatment was directly at odds with the doctrines of her new-found faith. Something other than God is a poignant, profound and often funny tale of one woman who set out to find the meaning of life and discovered that true happiness sometimes requires losing it all.

Julian Robertson

Julian Robertson PDF Author: Daniel A. Strachman
Publisher: John Wiley & Sons
ISBN: 1119087090
Category : Business & Economics
Languages : en
Pages : 294

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Book Description
Julian Robertson is one of the most successful and well-known hedge fund managers of our time. For nearly twenty years his infamous fund--Tiger Management--was the talk of the town, routinely delivering double-digit performance. This biography will explore this legendary fund manager's role in the development and popularity of hedge funds, examine his investment methodology and strategy, and look at the growth of his fund and his 'Tigers'--individuals who have gone on to great success themselves. * Includes candid interviews of Robertson, his colleagues, and his peers * Uncovers the trading strategies and investment style of a legendary fund manager * Offers a rare glimpse inside the personal world of Julian Robertson READERSHIP: Those with any interest in or knowledge of hedge funds, business readers, investment professionals. Daniel A. Strachman is Managing Director of Answers Company, a New York-based money management firm that offers investment management services to individuals and institutions. He has contributed many articles on investment management and strategies to publications including the New York Post and the Financial Times and is also the author of Getting Started in Hedge Funds (Wiley 2000). Also available by Daniel Strachman, Getting Started in Hedge Funds, 0471316962 Paper. EAN - 9780471323631 Carton Quantity - 41

So You Want to Start a Hedge Fund

So You Want to Start a Hedge Fund PDF Author: Ted Seides
Publisher: John Wiley & Sons
ISBN: 111915698X
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
Helpful, Accessible Guidance for Budding Hedge Funds So You Want to Start a Hedge Fund provides critical lessons and thoughtful insights to those trying to decipher the industry, as well as those seeking to invest in the next generation of high performers. This book foregoes the sensational, headline-grabbing stories about the few billionaire hedge fund managers to reach the top of the field. Instead, it focuses on the much more common travails of start-ups and small investment firms. The successes and failures of a talented group of competitive managers—all highly educated and well trained—show what it takes for managers and allocators to succeed. These accounts include lessons on funding, team development, strategy, performance, and allocation. The hedge fund industry is concentrated in the largest funds, and the big funds are getting bigger. In time, some of these funds will not survive their founders and large sums will get reallocated to a broader selection of different managers. This practical guide outlines the allocation process for fledgling funds, and demonstrates how allocators can avoid pitfalls in their investments. So You Want to Start a Hedge Fund also shows how to: Develop a sound strategy and raise the money you need Gain a real-world perspective about how allocators think and act Structure your team and investment process for success Recognize the patterns of successful start-ups The industry is approaching a significant crossroads. Aggregate growth is slowing and competition is shifting away from industry-wide growth, at the expense of traditional asset classes, to market share capture within the industry. So You Want to Start a Hedge Fund provides guidance for the little funds—the potential future leaders of the industry.

The Power Law

The Power Law PDF Author: Sebastian Mallaby
Publisher: Penguin
ISBN: 052555999X
Category : Business & Economics
Languages : en
Pages : 497

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Book Description
Shortlisted for the Financial Times Business Book of the Year “A gripping fly-on-the-wall story of the rise of this unique and important industry based on extensive interviews with some of the most successful venture capitalists.” - Daniel Rasmussen, Wall Street Journal “A must-read for anyone seeking to understand modern-day Silicon Valley and even our economy writ large.” -Bethany McLean, The Washington Post "A rare and unsettling look inside a subculture of unparalleled influence.” —Jane Mayer "A classic...A book of exceptional reporting, analysis and storytelling.” —Charles Duhigg From the New York Times bestselling author of More Money Than God comes the astonishingly frank and intimate story of Silicon Valley’s dominant venture-capital firms—and how their strategies and fates have shaped the path of innovation and the global economy Innovations rarely come from “experts.” Elon Musk was not an “electric car person” before he started Tesla. When it comes to improbable innovations, a legendary tech VC told Sebastian Mallaby, the future cannot be predicted, it can only be discovered. It is the nature of the venture-capital game that most attempts at discovery fail, but a very few succeed at such a scale that they more than make up for everything else. That extreme ratio of success and failure is the power law that drives the VC business, all of Silicon Valley, the wider tech sector, and, by extension, the world. In The Power Law, Sebastian Mallaby has parlayed unprecedented access to the most celebrated venture capitalists of all time—the key figures at Sequoia, Kleiner Perkins, Accel, Benchmark, and Andreessen Horowitz, as well as Chinese partnerships such as Qiming and Capital Today—into a riveting blend of storytelling and analysis that unfurls the history of tech incubation, in the Valley and ultimately worldwide. We learn the unvarnished truth, often for the first time, about some of the most iconic triumphs and infamous disasters in Valley history, from the comedy of errors at the birth of Apple to the avalanche of venture money that fostered hubris at WeWork and Uber. VCs’ relentless search for grand slams brews an obsession with the ideal of the lone entrepreneur-genius, and companies seen as potential “unicorns” are given intoxicating amounts of power, with sometimes disastrous results. On a more systemic level, the need to make outsized bets on unproven talent reinforces bias, with women and minorities still represented at woefully low levels. This does not just have social justice implications: as Mallaby relates, China’s homegrown VC sector, having learned at the Valley’s feet, is exploding and now has more women VC luminaries than America has ever had. Still, Silicon Valley VC remains the top incubator of business innovation anywhere—it is not where ideas come from so much as where they go to become the products and companies that create the future. By taking us so deeply into the VCs’ game, The Power Law helps us think about our own future through their eyes.