More Money Than God

Hedge Funds and the Making of a New Elite
Narrated by: Alan Nebelthau
Length: 16 hrs and 4 mins
Categories: History, Americas
4.5 out of 5 stars (660 ratings)

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Publisher's Summary

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.
©2010 Sebastian Mallaby (P)2010 Recorded Books, LLC

What listeners say about More Money Than God

Average Customer Ratings
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  • Overall
    2 out of 5 stars
  • ND
  • 01-10-11

Valiant effort but lacking analytic horsepower...

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.

26 people found this helpful

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    5 out of 5 stars
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    5 out of 5 stars

This book tells all in just a few hours!

I worked for an asset allocator for 3.5 years. Over that 3.5 years I learned an enormous amount of information about the hedge fund industry. Now, I listen to this book and it sums up nearly 85% of that information in just a few short hours. The remaining 15% can only come from experience itself. This is a great listen, and I thoroughly enjoyed it!

3 people found this helpful

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Must listen to anyone interested in stock markets

Its more like several individual stories of hedge funds sewn in together. Very informative, a lot can be learnt.

3 people found this helpful

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Better than Market Wizards

Great writing and storytelling, its like market wizards but for funds. Much better insight into Soros than reading Soros' own material.

anyone with ambitions of starting a fund at some point should read this.

3 people found this helpful

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A Chronological History of Hedgefunds

For one who has traded stocks and options this was very informative. Large volume of money is required to trade at the Hedge fund levels and not much text is covered on ascertaining large volume of capital to invest. The psychology and algorithms of hedge fund trading is covered at a high level. The volume of money made for those that were successful is huge, more than corporations in some cases. A most interesting book.

3 people found this helpful

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fantastic book

This book is one of the best ways to learn about hedge fund history, it was also very thorough in its analysis of the hedge fund industry as a whole.

2 people found this helpful

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Excellent!

This one is highly recommended to anyone interested in financial markets and hedge funds. A fantastic listen!

2 people found this helpful

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Just fantastic.

Such an excellent book. Communicates complicated hedge fund strategies in a relatable and simple way and describes the personalities and motivations of the managers better than most books I know. The narrator is also excellent.

1 person found this helpful

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Great narrator

Love to get an updated version but fascinating history. A little heavy on detail at some points but overall a solid 4 +

1 person found this helpful

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insane

Narrator good, has that wealth voice.

This book will make you hate any schooling. It will make you look at people who you grew up with and say you where lied to and you spread that lie.

Makes you think even if you do 2% of what these guys did you could help your family and change your life.

3 people found this helpful