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Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score A brilliant investor, a born raconteur and an overall smart-ass, Andy Kessler pulls back the curtain on the world of hedge funds and shows how the guys who run big money think, talk and act. Following

Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score


Title:Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score
Author:Andy Kessler
Rating:4.94 (233 Votes)
Id Book:0060740655
Format Type:Paperback
Number of Pages:320 Pages
Publish Date:2005-09-20
Type File:PDF, DOC, RTF, ePub


A brilliant investor, a born raconteur and an overall smart-ass, Andy Kessler pulls back the curtain on the world of hedge funds and shows how the guys who run big money think, talk and act. Following on the success of Wall Street Meat, his self-published book on the lives of Wall Street stock analysts, Andy Kessler recounts his years as an extraordinarily successful hedge fund manager. To run a successful hedge fund you must have an investing edge -- that special insight that allows you to reap greater returns for your clients and yourself. A quick study, Kessler gets an education in investing from some fascinating and quirky personalities. Eventually he works out his own insight into the world economy, a powerful lens that reveals to him hidden value in seemingly negative trends. Focussing on margin surplus, Kessler comes to see that current American economy, at the apex of the information revolution, is not so different from the British economy at the height of the industri

After turning $100 million into $1 billion riding the technology wave of the late 1990s, Andy Kessler recounted his experiences on Wall Street and in the trenches of the hedge fund industry in the books Wall Street Meat and Running Money (and its companion volume, How We Got Here). Though he has retired from actively managing other people's money, he remains a passionate and curious investor. Unable to keep his many opinions to himself, he contributes to the Wall Street Journal, Wired, and lots of Web sites on a variety of Wall Street and technology-related topics, and is often seen on CNBC, FOX, and CNN. He lives in Silicon Valley like all the other tech guys.

Morgan is on a mission, and the quality suffers. Readers passingly familiar with 19th Century etiquette will think this routine noblesse oblige rather than boundless generosity. You could skip the first half of the book that addresses the various theories of luck and still get the real value of the author's thoughts.

The second half of the book entitled "The Quest" contains the author's five critical points and it is this half that you must read. If you want to play real blues and can't find an old guru to school you right, get this. Up front I know Rick Vetter and have published with him (not on this subject, however.) I have always had the utmost respect for Rick's knowledge of the brown recluse and its relatives. He also discusses the problems of diagnosing brown recluse bite, which are many, and debunks many bits of misinformation about these and other spiders. Having an open mind is a necessity to immerse yourself in the world presented here, an intensely emotional worl

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