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More Money Than God: Hedge Funds and the Making of a New Elite Audiobook
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(4.00) - 973 listener ratings
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Publisher Description
Based on author Sebastian Mallaby’s unprecedented access to the industry, including 300 hours of interviews, More Money Than God tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007–2009.
Wealthy, powerful, and potentially dangerous, hedge fund moguls have become the It Boys of 21st-century capitalism. Ken Griffin of Citadel started out trading convertible bonds from his dorm room at Harvard. Julian Robertson staffed his hedge fund with college athletes half his age, then he flew them to various retreats in the Rockies and raced them up the mountains. Paul Tudor Jones posed for a magazine photograph next to a killer shark and 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.
Finance professors have long argued that beating the market is impossible, and yet drawing on insights from physics, economics, and psychology, these titans have cracked the market’s mysteries and gone on to earn fortunes. Their innovation has transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism.
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"I enjoyed this book a lot and learned a lot about the natural history of hedge funds, what they do and how they do it. It helps if you already have some basic knowledge of economics and the financial markets, otherwise you may spend a lot of time looking up terms and concepts. The author's approach is anecdotal and biographical rather than analytical, which makes it an easier read. It's a pretty long book, but it kept me interested. I'd recommend it to anyone who has a basic knowledge of how financial markets work, but who wants to understand a little more about hedge funds and how they differ from the some of the other big money players in the financial markets."
— Zbegniew (4 out of 5 stars)
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“Splendid…the definitive history of the hedge fund, a compelling narrative full of larger-than-life characters and dramatic tales.”
— Washington Post -
“Mallaby’s enthusiasm for an old-school capitalism of unfettered risk taking isn’t always persuasive, but he does offer a penetrating look into a shadowy corner of high finance.”
— Publisher Weekly
More Money Than God Listener Reviews
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" Great profile of the rise of the HF industry. Wish I could be Bruce Kovner. What a Boss. "
— Sean, 2/14/2014 -
" Incredibly insightful analysis of the world of hedge funds and the role they play in the financial markets. "
— Tiffany, 2/7/2014 -
" A primer on the birth of hedge funds. It is a must read for anyone interested in the hedge fund industry. "
— Brian, 2/2/2014 -
" Great work. Amazing overview of not only the HF industry but the recent evolution of the financial sector, also, provider of great hindsights on the main issues and problems of the current state of financial economics. A very pleasant read! "
— Pedro, 1/18/2014 -
" Insight into a secretive world "
— Luigib, 1/17/2014 -
" okay history of the industry, lacked the level of depth i was hoping for. "
— Golarz, 1/15/2014 -
" Informative, interesting, and often entertaining "
— Dustin, 1/11/2014 -
" Insight in the world of Hedgfunds. Takes some digging to get through but interesting. "
— Charles, 1/3/2014 -
" I learned a lot but didn't understand a lot of the financial concepts "
— Jim, 12/30/2013 -
" Good stories of largely macro fund trades, successes and failures. Beware the crowded trade. "
— Tom, 12/30/2013 -
" Brilliant. Loved every page. A must read for any capital market buffs. "
— Tanmoy, 12/14/2013 -
" So far, it's a great book "
— Janeman, 12/13/2013 -
" Perfect account of the hedge fund history. Very insightful and yet in determining, considering the story has not ended. "
— Oliver, 11/3/2013 -
" Audibled it. Great book of history on hedge funds, a must read for any buy-side enthusiast "
— Brentley, 8/2/2013 -
" All the reviews here are accurate: it's an entertaining, comprehensive roller-coaster tour of hedge funds. What's absolutely astounding is how much money trades hands every single day... "
— Greg, 1/14/2013 -
" I really enjoy all of these finance crisis books, and this was no exception. A lot of similar content as found in other books in the genre, but still a good and entertaining read. "
— Mark, 9/26/2012 -
" You gotta love finance and hedge funds to read this book. Starts with the history of hedge funds from their start and into present time. Fascinating reading. Sent the book to my good friend Robbie Thompson "
— Rob, 7/24/2012 -
" An in depth look at the secret world of hedge funds. "
— Mike, 2/7/2012 -
" A comprehensive and easy to read look into the misunderstood realm of hedge funds. "
— Avery, 3/9/2011 -
" This was the best depiction of hedge funds I had yet to come across. It is intensely researched, from the beginning days with AW Jones until possible endpoints within the financial system. Not only was this extremely fascinating, but it was factual and written in a great story-like style. Great book "
— Christopher, 1/28/2011 -
" decent, there's a chapter on my firm so had a personal interst in it. "
— Andrew, 12/24/2010 -
" Good stories of largely macro fund trades, successes and failures. Beware the crowded trade. "
— Tom, 12/17/2010 -
" okay history of the industry, lacked the level of depth i was hoping for. "
— Golarz, 11/8/2010 -
" It was just technical enough to make a nonspecialist like myself stretch. Consequently, it was both an exciting read and a good education. "
— Stephen, 8/30/2010 -
" You gotta love finance and hedge funds to read this book. Starts with the history of hedge funds from their start and into present time. Fascinating reading. Sent the book to my good friend Robbie Thompson "
— Rob, 8/9/2010 -
" I learned a lot but didn't understand a lot of the financial concepts "
— Jim, 7/23/2010
About Sebastian Mallaby
Sebastian Mallaby has been a Washington Post columnist since 1999. From 1986 to 1999, he was on the staff of The Economist, serving in Zimbabwe, London, and Japan, and as the magazine’s Washington bureau chief. He spent 2003 as a Fellow at the Council on Foreign Relations and has written for Foreign Affairs, Foreign Policy, the New York Times, and the New Republic, among others.
About Alan Nebelthau
Alan Nebelthau is an actor and audiobook narrator, known for The Hebrew Hammer, The Peacekeeper, and the Remember WENN television series. He is the winner of two AudioFile Earphones Awards.