Nomad Trader is a liberal contemporary autobiographical novel that follows a hedge fund trader seeking to discover the fabled truth in markets and in life.
In this daring exposé of the hedge fund world, Nomad Trader chronicles an insider's account of the tyranny and the struggle that beset all who seek victory in financial markets. From media manipulation and corporate fraud, to terrorist attacks and blowing up the trading floor, join Damon as he journeys to the darkest corners of the mind in the search for the ultimate truth. But will it be enough to survive at Perdu, the toughest hedge fund of them all?
I have some modest prior exposure to markets, exchanges and trading. I found this easy to follow overall. I deeply appreciate this book being about what it claims to be about, rather than the painfully common forays into juvenile, exhibitionist vulgarity and shallowness the lower-quality (such as the Wolf of Wall Street) books rub our noses in. The author is a fairly decent guy, with an honest intellectual interest in all aspects and tools of trading. He also shows himself to be all too human and flawed, drunkenly injuring himself severely at one point, letting himself be sucked into partying and vicious hangovers at another, without dwelling too long on such things. The author's psychological bottoming-out in early-mid-story, and the hedge-fund's exotic eye-brain procedure, are weird, and I'm not sure what to make of those. But there is overall just enough color and human story to keep the trading sequences fresh. As an example of financial stuff I liked, the insider's view of the Quant Quake of 2007 was very well done, and not heard much of elsewhere. Viewing history through the lens of one transaction after another, with money (and a trader's future) riding on each move, works vividly.
2 of 2 people found this review helpful
too bad its fictional, I liked most the first chapters, reminded me liars poker, execution battles and last part about going on your own but ended abruptly. I would love more details about private trader life.