Sebastian Mallaby is the author of several books, including The Power Law, More Money Than God, The Man Who Knew, and The World's Banker. A former Financial Times contributing editor and two-time Pulitzer Prize finalist, Mallaby is the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations.
“The bright light shed by More Money Than God is particularly
welcome. Mr. Mallaby . . . brings a keen sense of financial theory
to his subject and a vivid narrative style.” —Wall Street
Journal
“Splendid . . . the definitive history of the hedge fund history, a
compelling narrative full of larger-than-life characters and
dramatic tales of their financial triumphs and reversals . . .
Mallaby weaves into his narrative just the right amount of economic
theory and market history, and he has a wonderful knack for
explaining complex trading strategies in simple and elegant
prose.” —The Washington Post
“[A] splendid account of the ups and downs of an industry in which
few of the twenty-something hedge-fund wannabes know their history.
They, and meddling politicians, should read this book before they
are condemned to repeat it.” —The Financial Times
“Mallaby's book is informative and
entertaining.” —Newsweek
“More Money Than God is an expert primer on America's most
obscenely lucrative investment tool . . . [Mallaby is] incisive,
informative, and as good a financial writer as he is a
storyteller.” —NPR's All Things Considered
“In More Money Than God, his smart history of the hedge fund
business, Mallaby does more than explain how finance's richest
moguls made their loot. He argues that the obsessive, charismatic
oddballs of the hedge fund world are Wall Street's future-and
possibly its salvation.” —The New York Times Book Review
“Sebastian Mallaby's history of hedge funds is well written, smart,
and balanced.” —Greg Mankiw
“Sebastian Mallaby's in-depth research and clear writing style is
engaging . . . With great insight into the lucrative world of hedge
funds, More Money Than God is one of the best, most engrossing of
the current financial books.” —The Finance Professional's Post
(A publication of the New York Society of Security Analysts)
“[A] superb book.” —David Brooks, The New York Times
“Mallaby . . . effectively combines an insider's knowledge with a
colorful storytelling ability . . . A lively, provocative
examination of a little-understood financial
realm.” —Kirkus
“A superbly researched history of hedge-fund heroes stretching back
to the 1950s, it is a fascinating tale of the contrarian and
cerebral misfits who created successful, flexible businesses in an
otherwise conventional financial world.” —The Economist
“More Money Than God shines a fascinating light on what is still
the most obscure route to becoming a billionaire—the mysterious
world of hedge funds. Sebastian Mallaby's rollicking tour of
industry legends—famous and otherwise—tells the improbable story of
A.W. Jones, the vagabond journalist-sociologist and daring
anti-Nazi activist who, after the war, would create the first
'hedged' investment fund. From there, we get rip-roaring profiles
of investing titans from the full-throated gambler Michael
Steinhardt to the bold TmigrT George Soros and the courtly
stockpicker Julian Robertson to the ill-fated intellects of LTCM
and the hedge fund stars of the present day. Even as Mallaby
entertains he advances an unorthodox yet compelling brief: rich as
they are, hedge funds are probably the best vehicles society has
for assuming risk. Any who disagree will have to contend with the
evidence of the recent Wall Street collapse. If one shudders at the
prospect of concentrating risk inside giant banks whose chieftains
wager other people's money and cavalierly call for taxpayer
bailouts then, as Mallaby points out, hedge funds are a necessary
antidote.” —Roger Lowenstein, author of America's Bank
“Sebastian Mallaby takes us into the secretive world of hedge funds
and the result is a wonderful story and an education in finance.
The book is full of colorful characters playing high stakes' games.
Throughout, with his customary intelligence, Mallaby helps us
understand this important transformation of the financial
industry.” —Fareed Zakaria, author of The Post American
World
“When Alfred Winslow Jones started the first hedge fund, he had no
idea where it would lead. Sebastian Mallaby, who must be the
keenest student of hedge funds anywhere, now does—and he shares it
with you in this crackling good read.” —Dr. Alan S. Blinder,
Professor of Economics, Princeton University, and Former Vice
Chairman, Federal Reserve
“A fascinating history. Mallaby combines vivid description of key
personalities and episodes with thoughtful discussion of the
sources of advantage for different investment styles in different
periods of financial history. I enthusiastically recommend this
book to colleagues and students in academia and asset
management.” —John Y. Campbell, Chairman of the Department of
Economics, Harvard University, and Partner, Arrowstreet Capital
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