Kniha: More Money Than God: Hedge Funds and the Making of the New Elite v anglickom jazyku
Názov: More Money Than God: Hedge Funds and the Making of the New Elite
ISBN: 9781408807347
Autor: Mallaby, Sebastian
Vydavateľ: Bloomsbury, 2010Dostupnosť: 1 kus na sklade
Text vydavateľa
Viac informácií
Wealthy, powerful and potentially dangerous, hedge fund moguls have
become the It Boys of twenty-first century capitalism, succeeding the
leveraged-buyouts barons of the 1980s and the dot-com wizards of the
nineties. Their weekend mansions are doffer for "Vanity Fair"
photographers; their potential to cause chaos preoccupied authorities
even before the recent financial cataclysm. Based on unprecendented
access to the industry, including three hundred hours of interveiws and
binders of internal documents, "More Money Than God" provides the first
authoritative history of hedge funds, telling the inside story of their
origins, their explosive battles with central banks and finally their
role in the financial crisis of 2007-2008.
Hedge funds reward
risk-takers, so they tend to attract larger-than-life personalities. Ken
Griffin of Citadel started out trading convertible bonds from his dorm
room at Harvard; a boy genius made good, the financial version of the
entreprenerds who forged tech companies such as Google. And there are
more.
A saga of riches and rich egos, "More Money Than God" is
a history of discovery, or the search for inefficiencies that lurk
within supposedly efficient markets. Ever since the 1950s, finance
professors have argued that beating the market is impossible; so how do
the titans earn hundreds of millions, year after year? The answers lie
in the extraordinary fertility of hedge funds, which draw on insights
from physics, economics and psychology to crack the mysteries of the
market. More than just a history "More Money Than God" is a window on
tomorrow's financial system.
It describes how hedge funds have
been left for dead after past financial panics, but how they have also
survived the test of 2008 far better than its rivals. The future of
finance lies in the history of hedge funds.
Kniha je v užšom výbere na titul Najlepšia kniha pre biznis v roku 2010, ktorú vyhlasuje časopis Financial Time a Goldman Sachs






