Running Money

An investor, raconteur and overall smart-ass reveals how the guys who run big money in the world of hedge funds think, talk and act in this New York Times bestseller. "One can just hear Wall Street denizens who have read the required titles— Liar's Poker , Den of Thieves , and Barbarians at the Gate —asking each other if they have read Running Money yet." — Financial Times Following on the success of Wall Street Meat, his self-published book on the lives of Wall Street stock analysts, Andy Kessler recounts his years as an extraordinarily successful hedge fund manager. To run a successful hedge fund, you must have an investing edge—that special insight that allows you to reap greater returns for your clients and yourself. A quick study, Kessler gets an education in investing from some fascinating and quirky personalities. Eventually he works out his own insight into the world economy, a powerful lens that reveals to him hidden value in seemingly negative trends. Focusing on margin surplus, Kessler comes to see that current American economy, at the apex of the information revolution, is not so different from the British economy at the height of the industrial revolution. Drawing out the parallels he develops a powerful investing tool which he shares with readers. Contrarian and confident, Kessler made a fortune applying his ideas to his hedge fund. Which only proves that they may not be as crazy as they sound. "Right place, right time, right questions: That's the formula in this smart—and smart-ass—take on investing." — Wired "Mr. Kessler has written an entertaining business book, in which it is more than possible to learn something. That is a rare combination." — New York Times "Like a summer blockbuster film, you will enjoy the time if you go into the book knowing what you are getting into. This is not a how-to guide to running a hedge fund, it is a description of a rollicking ride through a crazy time lived well." — Financial Times