Money Market Monster? Or Angel?Big fund hedge honchos hunt market money monster running score is not just a book, but it is an inside look at the operation of hedge funds in stock market. It also analyses the U.S. financial market’s importance as an integral part of a larger global system. The book is all about the author’s adventure of running a technology hedge fund in the Silicon Valley. It closely inspects the Silicon Valley’s development both before and after the dot com boom. The author tells us that raising the first $10 million was a very hard task, but with the help of the technology, his fund raised to $1 billion in assets. The author and his partner closed the fund around 2001 because they knew that the bull market of 1990’s won’t last for long, it was a very intelligent move. The book also compares Industrial Revolution with technological growth of the 1990s. The book also points out that the ongoing trade deficit should not bother us because we are exporting something which cannot be measured, something we call intellectual property. The book proves the author as a brilliantly smart investor, as he takes us deep inside the world of hedge funds and shows us the day to day behavior of the people engaged in the big money game. The book also sheds light on the author’s peak years as a highly successful hedge fund manager, therefore giving you a valuable tip - for running a successful hedge fund you must possess a special insight which provides you with a chance to reap greater returns, both for your clients and yourself. The book can also be seen as the author’s comment on the role of America in the world economy. It involves us in the author’s transition from a beginner level Wall Street analyst to his journey into the deep secrets of hedge funds. The hedge fund manager’s rewards are usually good but the brutal competition that exists in the way to get to a good investment sometimes makes the author think twice about his decisions. Then the author gets a tip or two about investing from some of the most fascinating and important personalities in the Wall Street. These tips help him in making his own insight into the world economy, providing him with that sixth sense to find hidden meanings and values in the trend which may seem negative at a glance. As soon as the author shifted his focus on a margin surplus, he understood some interesting parallels between the American economy, at the pinnacle of the information revolution and the British economy at the time when the industrial revolution was at its peak. This humorous recounting of the politics and strategies involved in hedge funds develop a powerful investing tool which can benefit anyone who will try it and apply it accordingly. This is not a dream but a possible reality, because if the author can make a fortune, so can you. |