More money than God
by Sebastian Mallaby · first published 2010
86% recommend14% neutral
Why HN recommends it
A broad history of the hedge fund industry that traces how the field developed. It provides a motivating overview suited to readers new to finance who want context before turning to deeper strategy books.
Summarised by Claude from recommending comments
Based on unprecedented access to the industry, including three hundred hours of interviews, economist/journalist Sebastian Mallaby 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 started out trading convertible bonds from his Harvard dorm room; Julian Robertson staffed his hedge fund with college athletes half his age; Paul Tudor Jones posed for a magazine photograph next to a killer
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I wish as a kid I had access to the following: "More Money Than God: Hedge Funds and the Making of a New Elite" https://www.amazon.com/More-Money-Than-God-Relations/dp/0143... Market Wizards, Updated: Interviews With Top Traders https://www.amazon.com/Market-Wizards-Updated-Interviews-Tra...…
on “Ask HN: Books you wish you had read earlier?” ↗…other acronyms publish enough data that you can play with to get your feet wet. From there it literally involves typing things into Amazon, and failing at that, Google, and failing at that, LinkedIn. More Money Than God gives a nice history of hedge funds. The Quants is a fun read of the newer players. You can Wikipedia banks' histories and financial crises. Go through material because you're curious, not to get through…
on “Financial Software Projects (C++) - NYU Fall 2011” ↗Sebastian Mallory's More Money than God is another book worth looking into for a broad overview of the history of hedge funds.
on “What are hedge funds, and what social functions do they serve?” ↗sapiens - yuval hariri more money than god - sebastian mallaby black swan - nassim taleb anti-fragile - nassim taleb fooled by randomness - nassim taleb
on “Ask HN: Which audio books do you recommend?” ↗1. Beating the Street - Peter Lynch 2. More Money than God - Sebastian Mallaby 3. Dark Pools - Scott Patterson
on “Ask HN: What three books impacted your career the most?” ↗More Money Than God - very inspirational and a glimpse into some of the best minds on the planet... https://en.wikipedia.org/wiki/More_Money_Than_God
on “Ask HN: What are the best books you've read that few others have?” ↗…one will share a working strategy or method - e.g. if someone is making money, he's not going to write on how it... The one book I can recommend is more for motivation/history lessons and it is called More Money Than God by Sebastian Mallaby https://en.wikipedia.org/wiki/More_Money_Than_God
on “Ask HN: If you could automate anything, what would you automate?” ↗…I re read every few years, they are more on the adventure/business/money making side: Non fiction: A Man For All Markets by Edward O. Thorp http://www.edwardothorp.com/books/a-man-for-all-markets/ More Money Than God by Sebastian Mallaby https://en.wikipedia.org/wiki/More_Money_Than_God Fiction: The Asian Saga by James Clavell https://en.wikipedia.org/wiki/The_Asian_Saga The Master and Margarita by Mikhail Bulgakov https://en.wikipedia.org/wiki/The_Master_and_Margarita
on “Ask HN: What are your favorite books?” ↗The Asian Saga by James Clavell, reading as a kid on how to rule your life, business and create a dynasty... https://en.wikipedia.org/wiki/The_Asian_Saga As grown up, on now to rule the world: More Money Than God: Hedge Funds and the Making of a New Elite by Sebastian Mallaby https://en.wikipedia.org/wiki/More_Money_Than_God
on “Ask HN: What books have most influenced the way you see the world?” ↗OK, here is one book for you: More Money Than God by Sebastian Mallaby https://en.wikipedia.org/wiki/More_Money_Than_God My message is this: do not settle for the average - everyone can be a doctor, lawyer, developer, speculator, you just need the…
on “Ask HN: What are the some passive income strategies you do beside your IT job?” ↗…recommend are more for motivation and inspiration: The Asian Saga by James Clavell, reading as a kid on how to rule your life, business and create a dynasty... https://en.wikipedia.org/wiki/The_Asian_Saga More Money Than God: Hedge Funds and the Making of a New Elite by Sebastian Mallaby - on how to rule the world :-) https://en.wikipedia.org/wiki/More_Money_Than_God A Man For All Markets by Edward O. Thorp - basically…
on “Ask HN: What Algorithms are you using to make money?” ↗…generating a lot more money than my "real" job)... One exception: I don't love math (actually I did before starting primary school) :-) The books I would recommend are more for motivation and inspiration: More Money Than God: Hedge Funds and the Making of a New Elite by Sebastian Mallaby https://en.wikipedia.org/wiki/More_Money_Than_God A Man For All Markets by Edward O. Thorp http://www.edwardothorp.com/books/a-man-for-all-markets/…
on “Ask HN: What skills are needed to be a Quant?” ↗"More Money Than God: Hedge Funds and the Making of a New Elite" by Sebastian Mallaby - this is a great read and motivator for someone interested in quantitative trading systems - started as a side project for me, but looks…
on “Ask HN: What single book is the best intro to your field for laypeople?” ↗More Money Than God by Sebastian Mallaby - solidified my experiences in the market with great examples for my "hobby" - developing trading robots and resulting in constantly making more money that my real job in IT and…
on “Ask HN: Books on specific topics that have applied to many areas of your life?” ↗…recommend, more for motivation and inspiration: The Asian Saga by James Clavell, reading as a kid on how to rule your life, business and create a dynasty... https://en.wikipedia.org/wiki/The_Asian_Saga More Money Than God: Hedge Funds and the Making of a New Elite by Sebastian Mallaby - on how to rule the world :-) https://en.wikipedia.org/wiki/More_Money_Than_God A Man For All Markets by Edward O. Thorp - basically…
on “Ask HN: Successful one-person online businesses?” ↗