More Money Than God

Hedge Funds and the Making of a New Elite

By: Sebastian Mallaby

Narrated by: Alan Nebelthau

Length: 16 hrs and 4 mins

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

I highly recommend this book for all investors

It is good to walk through the history of hedge fund. Through history, we can understand the big picture. It helps us have a birds eye view of our financial system.

Very good. Read the book

Good book, some books are likely better as written books and not audiobooks. This is not a knock on the narrator, but the content wasn’t suited for the audio format.

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.

Great narrator

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

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!

Important Approach and Interesting Recommendations

I try to read in areas which are unfamiliar. It was in this context that I picked up Sebastian Mallaby’s “More Money than God: Hedge Funds and the Making of the New Elite.” Don’t be put off by the topic, this book is valuable for any individual who simply wants to know about too big to fail, the advent and meaning of hedge funds, and the current economic situation. You do not have to have a degree in Finance or investing to benefit from this book. Essentially, Mallaby relates the history of hedge funds, how they functioned during the recent economic collapse, and how they might best be used to advantage. When banks were failing, not one hedge fund used public funding as a bailout. Mallaby tells you why and how that has become fact. Anyone with even a marginal interest in the topic or a lingering interest in public policy will more than benefit. After all, everyone in the US has a stake in this game. The reading of Alan Nebelthau is excellent.

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.

Very good history of hedge funds

A well written, complete and balanced account. I haven't seen that many books on this topic.

Fascinating

It was surprisingly good. I didn't know much about hedge funds till I listened to this book. I'll definitely have to listen to it again soon.

Are hedge funds inherently bad?

The history and tactics of the major hedge fund innovators and managers is presented in a clearly written book. Is the hedge fund an invention of Wall Street "bad boys", or a legitimate investment strategy which is useful? The economic meltdown is not a direct result of these funds according to the author.