More Money Than God 在线电子书 图书标签: 对冲基金 金融 经济 推荐,值得一读 学习 商学院 tips MBA
发表于2025-03-20
More Money Than God 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2025
塞巴斯蒂安•马拉比
保罗•沃尔克时期对外关系委员会国际经济高级研究员,《华盛顿邮报》的专栏作家。
他在《经济学人》杂志工作了13年,在《华盛顿邮报》编委会工作了8年,主要专注于经济全球化和政治经济领域。
他的著作包括2004年出版的《世界银行家》(The World’s Banker)和1992年出版的《后种族隔离时代》(After Apartheid),两本书均入选《纽约时报》推荐书目。
Review
'The best account ever published of the economics, politics and adrenalin of these amazing firms. It shows why hedge funds dominate the world of finance and why the politicians who rail against them end up making them more powerful' Anatole Kaletsky 'A warts-and-all history of hedge funds...a splendid account of the ups and downs of an industry in which few of the twenty-something hedge-fund wannabes know their history. They, and meddling politicians, should read this book before they are condemned to repeat it' Financial Times 'An enormously satisfying book: a gripping chronicle of the cutting edge of the financial markets and a fascinating perspective on what was going on in these shadowy institutions as the crash hit' Observer 'A superbly researched history of hedge-fund heroes stretching back to the 1950s, it is a fascinating tale of the contrarian and cerebral misfits who created successful, flexible businesses in an otherwise conventional financial world' Economist
Product 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 2007-09, 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.
About the Author
Sebastian Mallaby is the Paul Volcker Senior Fellow in International Economics at the Council on Foreign Relations and a Washington Post columnist. He spent thirteen years on The Economist, covering international finance in London and serving as bureau chief in Southern Africa, Japan and Washington. From 1999 to 2007 he was a member of the editorial board of the Washington Post, focusing on globalization and political economy. His previous books are The World's Banker (2004) which was named as an Editor's Choice by the New York Times and After Apartheid (1992), which was a New York Times Notable Book. He lives in Washington with his wife, Zanny Minton Beddoes, the economics editor of The Economist.
To write a script for the market , setting out how it might behave ; and then to test the hypothesis repeatedly with low-risk bets , hoping to catch the moment when his script became reality .
评分介于经济史类读物和人物记之间的读物,读完基本了解美国对冲基金行业和近几十年的金融大事件,如布雷顿森林体系的终结、浮动汇率制产生、广场协议、1987年股灾等等。对于对冲基金这个神秘的行业有了一些了解,我认为可以总结成:市场经常不理性和无效,对冲基金就是利用市场无...
评分介于经济史类读物和人物记之间的读物,读完基本了解美国对冲基金行业和近几十年的金融大事件,如布雷顿森林体系的终结、浮动汇率制产生、广场协议、1987年股灾等等。对于对冲基金这个神秘的行业有了一些了解,我认为可以总结成:市场经常不理性和无效,对冲基金就是利用市场无...
评分 评分长期资本的投资债券市场的方式也是对冲套利型,正如琼斯公司的经理可能更看好福特,于是就做多福特公司的股票而做空克莱斯勒,在股票市场上,看好一家公司的是非常主观的,对公司未来现金流的判断,从来都是千人千面,而债券不一样,它只是一笔贷款、一个利率以及一个特定日期...
More Money Than God 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2025