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Book - Product Information
Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score
Andy Kessler
Rating: 4.0/5 Stars
Rank: 5764
Kessler has toned down the namedropping that permeated last years
Wall Street Meat, and his less-than-appreciative stance towards much of
the rest of the finance industry is also somewhat altered for this second
memoir, in which he leaves the institutional investment world behind to
co-manage a hedge fund.
Loosely connected episodes trace his attempts to
attract investors and raise the $100 million he needs to be taken
seriously, despite not having much of a game plan to start.
Then a series
of conversations with the mysterious "Mr. Zed" lead Kessler to study the
Industrial Revolution and the origins of networked computing as role
models for the type of transformative market development a savvy investor
needs.
These historical digressions are infused with a personal tone, but
one that adopts an amiable key. Ultimately, Kessler decides the next big
thing probably lies in "high margin" areas like intellectual property that
can be sold for much more than they cost to create. According to his
admittedly "counterintuitive" scenario, American investment in foreign
products will develop their economies so they can invest in our
intellectual property and the companies that make it, generating wealth
all around.
This new level of seriousness could attract readers who value
potentially beneficial economic speculation over easy digs at industry
players, while those who admired Kesslers in-your-face attitude the
first time around will still find plenty to appreciate here. Copyright
© Reed Business Information, a division of Reed Elsevier Inc. All
rights reserved.
About the AuthorAndy Kessler is a former hedge fund manager and Wall Street analyst. His
previous exploits were chronicled in Wall Street Meat: My Narrow Escape
from the Stock Market Grinder and Running Money: Hedge Fund
Honchos, Monster Markets and My Hunt for the Big Score.
He writes
often for the Wall Street Journal op-ed page, Wired
Magazine and other publications.
He lives in northern California.
Editorials
Sample 3 of 11
Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score
Andy Kessler
![]() | | | Financial Times | | "One can just hear Wall Street denizens asking each other if they have read
Running Money yet." |
![]() | | | Barron's | | "One of the best books of 2004" |
![]() | | | Book Description | | A brilliant investor, a born raconteur and an overall smart-ass, Andy
Kessler pulls back the curtain on the world of hedge funds and shows how
the guys who run big money think, talk and act. Following on the
success of Wall... read full editorial |
Customer Reviews
Sample 3 of 24
Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score
Andy Kessler
![]() | | | Inside Silican Valley | | (Coastal Georgia) October 5, 2004 - 5.0/5 stars | | An excellent book, easy to read, detailing the development of the computer
in the eyes of an investor. Lots of once-famous company names and people
that disappeared, and why it happened. Insight into the qualities... read full review |
![]() | | | Limited insight, single opinion into a large industry | | (Glendale, WI United States) December 10, 2004 - 3.0/5 stars | | 'Running Money' is about the 8th book i've read on
the 'Insiders
Look at Investing'. Overall,
Kessler's book is the shallowest.
Kessler gives
summary views on his opinions. It's not deep,
it's flippant.
The book... read full review |
![]() | | | A second-rate book with intellectual pretensions | | (Glendale, WI United States) January 20, 2005 - 2.0/5 stars | | Although "Running Money" is peppered with the same brand of sophomoric
humor that permeated Kessler's first book, "Wall Street Meat", this book
clearly has intellectual pretensions, with Kessler repeatedly adopting... read full review |
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