©2005 Barton Biggs; (P)2006 Penton Overseas, Inc.
"...an intelligent book on a serious subject that is also a joy to read." (Professional Investor)
"...evokes the 'agony and ecstasy' of the frenetic and highly competitive world of hedge funds...funny and sobering" (The Mail on Sunday)
"...a reassuring tale for ordinary mortals..." (Financial World)
Hedgehogging has a intriguing title, but does not deliver either as an educational book about hedge funds, or as a series of anecdotes. It consists of some disjointed stories of hedge investing, but does not take the time to explain the terms or theory behind these investments. While there are some nuggets of useful investment advice, the tone of the narrator makes it sound as if the author's main goal was to impress the reader with his intelligence, not to educate or entertain. This narration style may be true to the author, but it made me feel like I was trapped at dinner with with an annoying self-important host.
Looking at the actual book (on amazon.com "look inside" feature) and reading the reviews there shows an essentially different book, much larger, deeper in content and wider-ranging. What I heard here was only a small fraction of that book. I wonder, what is the motivation to do this?
Yes - Well written/read
Tone - Humor
No - I do not have any additional comments.
As many retail investors believe that banks and mutual funds buy and sell stocks
only, so this leaves a gap in their understanding of market dynamics
such as a Flash Crash.
How could a thing like that happen?
Run a half trillion dollars short with options, futures, 3x ETF's and you have the Dow Jones
down 100 points in 20 minutes.
Trite and generic. I wanted to hear about the technical issues however, the author spends the entire time discussing how rich and interesting fund raising dinner parties are and all the eccentric personalities in the industry. What a soap opera waste of a book.
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