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This updated paperback edition of 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. Now with new commentary, author, Steve Drobny takes you even further into the hedge fund industry. He demystifies how these star traders make billions for their well-heeled investors, revealing their theories, strategies and approaches to markets. Whereas some still maintain that rationality permeates financial markets, Drobny captures a different dimension, showing how the unquantifiable human forces of emotion and intuition are also at play. Along the way, readers get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades including tragedies such as September 11th. 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. 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 how greed, fear, and the human forces of emotion drive world markets.
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Niall Ferguson is one of Britain’s most renowned historians. He is the Laurence A. Tisch Professor of History at Harvard University, a senior research fellow of the Hoover Institution, Stanford University, and a visiting professor at Tsinghua University in Beijing. He is the author of numerous books, including The Ascent of Money, a New York Times bestseller. His Kissinger, a feature-length film based on his interviews with Henry Kissinger, won the 2011 New York Film Festival prize for best documentary. His many other prizes and awards include the Benjamin Franklin Prize for Public Service, the Hayek Prize for Lifetime Achievement, and the Ludwig Erhard Prize for Economic Journalism.
James Langton, an Earphones Award–winning narrator, trained as an actor at the Royal Scottish Academy of Music and Drama and later as a musician at the Guildhall School in London. He has worked in radio, film, and television, also appearing in theater in England and on Broadway. He is also a professional musician who led the internationally renowned Pasadena Roof Orchestra from 1996 to 2002.