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 andshows how the guys who run big money think, talk and act.Following on the success of Wall Street Meat, his self-publishedbook on the lives of Wall Street stock analysts, Andy Kesslerrecounts his years as an extraordinarily successful hedge fundmanager. To run a successful hedge fund you must have an investingedge -- that special insight that allows you to reap greaterreturns for your clients and yourself.A quick study, Kessler gets an education in investing from somefascinating and quirky personalities. Eventually he works out hisown insight into the world economy, a powerful lens that reveals tohim hidden value in seemingly negative trends. Focussing on marginsurplus, Kessler comes to see that current American economy, at theapex of the information revolution, is not so different from theBritish economy at the height of the industrial revolution. Drawingout the parallels he develops a powerful investing tool which heshares with readers. Contrarian and confident, Kessler made afortune applying his ideas to his hedge fund. Which only provesthat they may not be as crazy as they sound.