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Sales rank 163,652
Customers rating (based on 87 reviews)
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Rare is the opportunity to chat with a legendary financial figure and hear the unvarnished truth about what really goes on behind the scenes. Hedgehogging represents just such an opportunity, allowing you to step inside the world of Wall Street with Barton Biggs as he discusses investing in general, hedge funds in particular, and how he has learned to find and profit from the best moneymaking opportunities in an eat-what-you-kill, cutthroat investment world.
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| Publisher | Wiley | | Release date | 01/2006 | | Availability | Usually ships in 24 hours | | Edition | Hardcover |
| | List price | $26.95 | | Our price | $23.04 (you save 14.51%) | | Used price | from $0.72 |
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 Excellent book
I absolutely loved this book. I decided to read it because as the number of hedge funds grew significantly over the years, they became important players in the financial markets. Because they collectively can affect what I own in my portfolio, I want to learn how they operate. As I was reading it, I was shaking my head with disbelief that these money managers can be so ridiculously short-sighted. It is all about short-term performance catering to the short-term public who never gets tired of trying to lose weight fast and get rich quick with nonsense schemes. The only people getting rich here are the hedge fund managers exploiting the public. But if the public is dumb enough to fall for it, then so be it.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Characters Galore
Barton Biggs' book is an insider's view of the hedge fund world. He primarily explores the characters involved and how they cope, fail or thrive on the pressures of managing money in a volatile environment. He presents a world where running a Hedge Fund is a lonely one and typically not one where a lot of friends are made inside or out. The media today is filled with the winners but there are many more losers that we do not hear about. It's where focus and singularity of purpose mixed with a bit of a grumpy facade seems to be an advantage. The book is well written and some chapters are real page turners. My favorite from that perspective are the last two where he presents a real life fantasy of getting the newspaper one day ahead and the life of the remarkable John Maynard Keynes.
 A decent finance book with good ancedotes
Finance professionals should read this book as Barton Biggs has fantastic experience to learn from. The book is an easy read and will help the less informed understand the hedge fund phenomenon. Additionally, it will aid the more serious students to select more intense studies of the industry and the marketplace. I recommend reading Taleb, Shiller, Malkiel, Browne, and Graham after this work. See the following links respectively.Fooled by Randomness: The Hidden Role of Chance in Life and in the MarketsThe Black Swan: The Impact of the Highly ImprobableIrrational ExuberanceA Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Revised and Updated)The Little Book of Value Investing (Little Books. Big Profits)The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition). In my opinion all these are essential and must reads but should be taken in stride; Taleb's books are by far the best.
Must read
This is a must read for any investment professional. Even after the fall of the hedge fund business, I still found it very relevantt.
Fun ahoy!
This hilarious and insightful book is a useful insider's gimlet-eyed view of hedge funds, their aims, the actors, and what life is really like running one. Along the way it tells the story of outlandish over compensation, puts some scale on likely success, shares some insights into what is achievable, and basically offers an honest tale of what hedge fund management is all about. If more people had read "Hedgehogging" fewer people would have been snookered by Madoff the poltroon.
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