Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets
| Author | : | |
| Rating | : | 4.47 (869 Votes) |
| Asin | : | 0471794473 |
| Format Type | : | paperback |
| Number of Pages | : | 384 Pages |
| Publish Date | : | 2016-03-27 |
| Language | : | English |
DESCRIPTION:
"The managers featured in Drobny's book use various strategies, as evidenced by the panoply of securities mentioned, from African stocks to Icelandic housing bonds. The idea is to do as much research as you can just reading and thinking about anything in the world before reaching out to your network."….The key to thriving in global macro? Plenty of smarts for starters. "You have to be flexible enough to cut your positions when what you firmly believe in is not working for you." This year, global macro managers did great in the January-April period, and didn't do great in May and June, when equities and emerging markets took a big hit…even for sophisticated players in the global-macro game, it sometimes pays to just sit on the sidelines." (Barron's) "It's a fantastic book, both in
Good book about great investors P. Kim Bought this book to learn more about hedge funds.The books looks into the thoughts and investment process of the great investors.It is a good read and I highly suggest reading it.I liked how Keynes, the great economist, made good money. Also, Jim Rogers making a fortune (he is an economist too).Now there are more resources about hedge funds online including blogs and podcasts.Still it is a nice read. I suggest reading the book with googling the investor.You will learn far more doing so.. Book still relevant in 2010 for the thoughtful forex speculator - but do not buy this edition This book consists of a series of interviews with professional (mostly) speculators who focus on global macroeconomic events. This includes countries, raw materials, world politics, etc.I like the first person voice where we actually can learn how these people think. Conclusions are not presented as facts. In fact, there are no conclusions in the book. Just views from a large number of professionals. If you are willing to spend some time thinking about what the people say, I think you can learn quite a bit. The good thing is that you can read one interview and then think. You don't need to. Decent overview of global macro traders Chris Jaronsky The book kept my interest and was very informative. Some of the interviews were excellent. I say some, because those that trade closer to my style are obviously more interesting for me. but theres plenty here for everyone.I liked the interviews of so many different styles because it just proves my personal theory that anyone can make money. Every trader in the book trades differently and they still all make money.I also like the comments from many of these traders that said that we were heading for a sub-prime meltdown and that the banks would be having problems. This was written more than
Highly accessible and filled with in-depth expert opinion, Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding the complexities at stake in world financial markets. Along the way, you'll get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades. Whether Russian bonds, Pakistani stocks, Southeast Asian currencies or stakes in African brewing companies, no market or instrument is out of bounds for these elite global macro hedge fund managers. Inside the House of Money lifts the veil on the typically opaque world of hedge funds, offering a rare glimpse at how today's highest paid money managers approach their craft. Author Steven Drobny demystifies how these star traders make billions for well-heeled investors, revealing their theories, strategies and approaches to markets. Drobny, cofounder of Drobny Global Advisors, an international macroeconomic research and advisory firm, has tapped into his network and beyond in order assemble this collection of thirteen interviews with the industry's best minds. "The ruminations of supposedly hush-hush hedge fund operators are richly illuminating." --New York Times