Hedgehogging

Barton Biggs is one of the most well respected figures in the investment management community. He has prospered during both bull and bear markets, and has adapted to an investment landscape that has been transformed by technology and globalization. His legendary money management skills helped set the benchmark for investment management excellence.

A detailed look inside the world of investment and hedge funds reveals how the challenging battle for investment survival can be its own life-or-death struggle for individuals participating in the competitive field. Reprint.

"Highly Amusing" (Financial Times, Saturday 25th August 2007)

Auteur

BARTON BIGGS spent thirty years at Morgan Stanley. In that time, he formed the firm's number-one-ranked research department, built up its investment management business, and served as chairman of the investment management firm. At various times during this period, he was ranked as the number one U.S. investment strategist by the Institutional Investor magazine poll and then, from 1996 to 2003, as the number one global strategist. He was also a member of the five-man executive committee that ran the firm until its merger with Dean Witter in 1996. In 2003, Biggs left Morgan Stanley and, with two other colleagues, formed Traxis Partners. Traxis now has well over a billion dollars under its management. Biggs' latest book, Wealth, War, and Wisdom, is also published by Wiley.

Texte du rabat

PRAISE FOR HEDGEHOGGING "Barton Biggs writes about markets with grater style, clarity, and insight than any other observer of the Wall Street scene. his new book, Hedgehogging, entertains immensely even as it provides countless valuable lessons regarding hedge funds and the investment world they inhabit." - David F. Swensen, Chief Investment Officer, Yale University "Since the glory days of the tech bubble, investing has become a perilous enterprise. Not the least for those running money in the proliferating hedge fund business. In hedgehogging, Biggs offers a fascinating glimpse behind the scenes at the personalities and egos making decisions about the enormous sums being dumped en masse into these funds. This book is great, It's full of personal anecdotes and critical insights from an insider's insider. You should not even consider giving money to anyone on Wall Street ever again until you've read this book." - Addison Wiggin, Agora Financial LLC, author of the New York Times bestseller The Demise of the Dollar, and coauthor of Empire of Debt Rare is the Opportunity to chat with a legendary 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.

Contenu

Introduction. Chapter One. The Triangle Investment Club Dinner: Hacking Through the Hedgehog Jungle.

Chapter Two. The New Hedgehogs May Have Been Golden Boys, but They Still Bleed Red.

Chapter Three. Short Selling Oil: The Crude Joke Was on Us.

Chapter Four. Short Selling is Not for Sissies.

Chapter Five. The Odyssey of Starting a Hedge Fund: A Desperate, Frantic Adventure.

Chapter Six. The Roadshow Grind: Blood, Swat, Toil, and Tears.

Chapter Seven. The Run-Up and Haunted by Remembrances and Doubt.

Chapter Eight.

Hedgehogs Come in All Sizes and Shapes.

Chapter Nine. The Violence of Secular Market Cycles.

Chapter Ten. The Battle for Investment Survival: Only Egotists or Fools Try to Pick Tops and Bottoms.

Chapter Eleven. From One Generation to Another: Bismarck and the Yale Endowment.

Chapter Twelve. Nature's Mysticism and Groupthink Stinks.

Chapter Thirteen. The Internet Bubble: I'd Still Rather Have Air-Conditioning.

Chapter Fourteen. Great Investment Managers Are Intense, Disciplined Maniacs.

Chapter Fifteen. You're Only as beloved as Your Most Recent Performance.

Chapter Sixteen. Once You Have a Fortune, How can You Hang on to It?

Chapter Seventeen. Three Investment Religions: Growth, Value, and Agnostic.

Chapter Eighteen. The Trouble with Being Big.

Chapter Nineteen. Bubbles and True Believer.

Chapter Twenty. Divine Intervention or Inside Information? A Tale That Will Make Your Blood Run Cold.

Chapter Twenty-One. John Maynard Keynes: Economist, Hedge-Fund manager, and Fascinating Character.

Conclusion.

Recommended Reading.