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  • More Money Than God

  • Hedge Funds and the Making of a New Elite
  • By: Sebastian Mallaby
  • Narrated by: Alan Nebelthau
  • Length: 16 hrs and 4 mins
  • Unabridged
  • Overall
    4.5 out of 5 stars 551
  • Performance
    4.5 out of 5 stars 417
  • Story
    4.5 out of 5 stars 413

The Paul Volker Senior Fellow in International Economics at the Council on Foreign Relations, Washington Post journalist Sebastian Mallaby has garnered New York Times Editor’s Choice and Notable Book honors for his enthralling nonfiction. Bolstered by Mallaby’s unprecedented access to the industry, More Money Than God 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.

  • 2 out of 5 stars
  • Valiant effort but lacking analytic horsepower...

  • By ND on 01-10-11

Valiant effort but lacking analytic horsepower...

2 out of 5 stars

Reviewed: 01-10-11

Mallaby's effort should be commended for attempting to serve as a hedge fund historian chronicling the last half century of activity in this niche of the financial world. However, the style of his writing is very encyclopedic and not very analytical. You get a trade by trade , blow by blow description of the day in the life of well known cast of characters in the hedge fund world but I was yearning for more color and "so what's" about the industry and implications on our economy and society at large. Most of what I read, I had already learned from other books or articles written on the topic to date. We finally get the author's consensus at the end of the book that hedge funds should be left alone from the regulators since their relative size and ability to absorb their own risk sequestered from the main street investor and shareholder (i.e., no need for tax payer bailouts) makes them a model for the larger too big to fail wards of the state banks of today. This is a powerful point that could have been better integrated throughout the book. Compared to the colorful Michael Lewis or the deeply analytical Niall Ferguson, this book was hardly a page turner and I had to force myself to push on to get to the "so whats". There are much better books on this topic out already and there will more to come I am sure as one of the most spectacularly disastrous periods of hubris, greed and poor judgment in our financial and economic history unfolds.

24 of 25 people found this review helpful