Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager
| Author | : | |
| Rating | : | 4.46 (957 Votes) |
| Asin | : | 0061965308 |
| Format Type | : | paperback |
| Number of Pages | : | 260 Pages |
| Publish Date | : | 2013-06-11 |
| Language | : | English |
DESCRIPTION:
It is rigorous, curious and provocative.” — Malcolm Gladwell A profoundly candid and captivating account of the economic crisis and subprime mortgage collapse, from an anonymous hedge fund manager, as told to the editors of New York literary magazine n+1.. HFM offers a brilliant financial professional’s view of the economic situation in real time, from September 2007, when problems in financial markets began to surface, until late summer 2009.”— Booklist “n+1 is the rightful heir to Partisan Review and the New York Review of Books. “Diary of a Very Bad Year is a rarity: a book on modern finance that’s both extraordinarily thoughtful and enormously entertaining.”— James Surowiecki, author of The Wisdom of Crowds “A great read
. (July)Copyright © Reed Business Information, a division of Reed Elsevier Inc. With some context provided by Gessen, HFM schools readers in the stories behind the death of Bear Stearns, the collapse of Lehman Brothers, the plunging dollar, the bailouts, the Madoff scandal, and, finally, the upswing. Fans of the original article will find this expansion compelling, but other readers curious about the factors behind the crash will do better elsewhere. HFM, as Gessen calls him, didn't go to business school or major in economics, but has been working successfully in hedge funds for over a decade. From Publishers Weekly Expanding on a 2007 interview in the literary magazine n+1, editor and interviewer Gessen draws together two years' worth of interviews with a despairing anonym
BEST compact explanation of modern finance, applied econ I've seen I love the way this hedge fund manager ("HFM") thinks. With a few deft phrases, he will explain something like linkages between the financial sector and real economy (against the backdrop of the 2008 crash, but always in a way that can be generalized and understood for all time). He is fluently, readably funny, deep, shallow, street-smart, a world-class explainer. He hops effortless from one to another of these levels, always in service of making clear points. I wish he would produce more I can read (but he's anonymous, so ), and I wish people this smart held positions of power and responsibility at the commanding heig. "Good Overview of the '08 Financial Crisis, But Something is Missing" according to Kristina. There's no denying that the HFM interviewed in this book has a magnetic personality and compelling speaking style. He obviously understands stuff.If you're looking for an accessible overview of the financial crisis in readable prose, this is a good choice. If you're looking for something deeper, however, this will disappoint. For example, the HFM never quite explains why the federal takeover of Fannie Mae and Freddie Mac didn't do more to stabilize the economy. Due to the interview format, the timeline of events is presented in a muddled, confusing way. I couldn't quite map out the sequence of events very well. (For a . A valuable read Perhaps the best thing about this long interview with the anonymous hedge fund manager (I am convinced he exists and is not a made-up composite) is that it gives the reader "tone" about what happens to an industry in a crisis scenario (sub-prime crisis). It can be a little frustrating at times, from a English language perspective, to read the extended interview with very little editing (the only reason for witholding a star). However, once you make allowances for that, you realise that you are hearing unfiltered thoughts and initial reactions to questions that give so much more "feel' for what it's like to actually be