More Money Than God
More Money Than God: Hedge Funds and the Making of a New Elite
In the riveting chronicle "More Money Than God," Sebastian Mallaby takes readers on a profound journey into the enigmatic world of hedge funds, tracing their ascent from obscure beginnings to titans of twenty-first-century capitalism. With unparalleled access, including three hundred hours of interviews, Mallaby unveils the audacious personalities and intellects that have shattered financial orthodoxies, turning Wall Street on its head. From Ken Griffin's collegiate bond trading to Julian Robertson's athletic recruitment strategy, and from Paul Tudor Jones's gleeful anticipation of market crashes to Michael Steinhardt's ruthless leadership, Mallaby paints a tableau of a sector as fascinating as it is misunderstood. These are the mavericks who, by leveraging insights from various disciplines, have not only amassed personal fortunes but have also indelibly transformed the global financial landscape. "More Money Than God" is more than a mere history; it's a prescient examination of a financial future that is already unfolding. Despite repeated crises that have toppled traditional pillars of finance, hedge funds have demonstrated an almost Darwinian resilience, constantly evolving and emerging stronger. Mallaby compellingly argues that the DNA of hedge funds - innovation, agility, and a penchant for risk-taking - is not just shaping the future of finance but is also establishing the hedge fund industry as the unlikely custodian of the global economy's wellbeing. As the narrative unfolds, it's clear that understanding the trajectory of hedge funds is crucial for anyone looking to grasp the new rules of capitalism in the twenty-first century.
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