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see full specs tags: investing, hedge fund strategies, economics, hedge funds, finance, stock market, entrepreneurship, cortright mcmeel
Product Description
The First Book from n+1—an Essential Chronicle of Our Financial Crisis
HFM: Where are we going to buy insurance on a U.S. government's credit? we mean, if a U.S. defaults, what bank is going to be means to make good on that contract? Who are we going to buy that agreement from, a Martians?
n+1: When does this start to feel like reduction of a cyclical thing, like a weather, and some-more of a permanent, end-of-the-world kind of thing?
HFM: When we see me offered apples out on a street, that's when we should go batch adult on guns and ammunition.
Product Details
- Amazon Sales Rank: #449345 in Books
- Published on: 2010-07-01
- Released on: 2010-06-22
- Format: Bargain Price
- Number of items: 1
- Binding: Paperback
- 272 pages
Editorial Reviews
From Publishers Weekly
Expanding on a 2007 talk in a literary repository n+1, editor and interviewer Gessen draws together dual years' value of interviews with a pessimistic unknown sidestep account manager. HFM, as Gessen calls him, didn't go to business propagandize or vital in economics, though has been operative successfully in sidestep supports for over a decade. With some context supposing by Gessen, HFM schools readers in a stories behind a genocide of Bear Stearns, a fall of Lehman Brothers, a plunging dollar, a bailouts, a Madoff scandal, and, finally, a upswing. Though it's enchanting to have a personal take on a scattered past dual years—and HFM ends a interviews when a highlight finally drives him to take a semisabbatical—the preference to tell this story in an talk format is wily and eventually unsuccessful; a choppy transcription format distances readers from a ideas during hand, and a points remove their punch. Fans of a strange essay will find this enlargement compelling, though other readers extraordinary about a factors behind a pile-up will do improved elsewhere. (July)
Copyright © Reed Business Information, a multiplication of Reed Elsevier Inc. All rights reserved.
From Booklist
This book is a array of interviews with an unknown hedge-fund manager (HFM) by a co-editor of a literary repository (who admits to being ill-informed on finance); he sets out to know what is function on Wall Street. The HFM offers a shining financial professional's viewpoint of a mercantile conditions in genuine time, from Sep 2007, when problems in financial markets began to surface, until late summer 2009, when a financial meltdown generally subsided and a financial village went back, in HFM's view, to business as usual. With definitions of financial terms and products, and explanations of domestic and tellurian issues as they occur, HFM draws from his decade of nonstop work as a hedge-fund manager to teach a interviewer and us as a financial predicament unfolds. This is a good read. The interviews are edited in a straightforwardly distinct demeanour and will yield a courteous viewpoint for a far-reaching operation of library congregation who wish to learn about a new financial debacle. --Mary Whaley
Review
“A smashing book. Diary of a Very Bad Year is a fascinating explanation on a predicament and a good read.” (David Backus, Professor of Economics and Finance, NYU’s Stern School of Business )
“Diary of a Very Bad Year is a rarity: a book on complicated financial that’s both unusually courteous and enormously entertaining.” (James Surowiecki, author of The Wisdom of Crowds )
“A good read. . . . HFM offers a shining financial professional’s viewpoint of a mercantile conditions in genuine time, from Sep 2007, when problems in financial markets began to surface, until late summer 2009.” (Booklist )
“Diary of a Very Bad Year takes a initial stairs toward putting a tellurian face on a funds.” (Newsweek )
“A short, educational set of interviews with one savvy, clear Wall Streeter. . . . A penetrating, educational and during times harrowing play-by-play.” (Time repository )
“Eminently readable. . . . Always engaging. . . . Although it is not fiction, Diary of a Very Bad Year is, in a possess way, an try to overpass a cove between a literary and financial worlds.” (Financial Times )
“Thoughtful, humorous and unpretentious. . . . An astonishing provide that belongs on a shelf once labeled belles-lettres. . . . It is copiousness beguiling to watch HFM’s mind unfurl.” (Dwight Garner, The New York Times )
“Diary of a Very Bad Year does something few of a books created about a predicament have accomplished: It delivers an insider viewpoint on a events in genuine time, rather than home on conclusions reached after a fact.” (BusinessWeek )
“A rarely entertaining refresher on a financial crisis. . . . Amazingly—and mostly since of a anonymity he’s granted—the indistinguishable hedgie gives true answers. . . . While HFM comes off as a bro we don’t wish to disaster with, a book is packaged with copiousness of humor.” (The Wall Street Journal )
“HFM does a good pursuit of training a reader how mortgage-backed paper, money-market funds, and credit-default swaps work, while charity adult juicier tidbits about a ethics and legalities of his sector.” (Time Out New York )
“n+1 (in a chairman of Keith Gessen) lends an outsider’s ear to a shining disquisitions of a man held in a center of it all. . . . Excellent reading. . . . Compelling.” (The Millions )
“My favorite book created about a financial crisis. . . . Highly recommended.” (Ezra Klein, The Washington Post )
Customer Reviews
Most useful patron reviews
15 of 16 people found a following examination helpful.
Very presumably an investing classic, to be examination 100 years from now
By Neurasthenic
This book distant surpasses a expectations set by a elementary grounds -- a array of interviews of an unnamed sidestep account manager who specialized in trade rising marketplace debt by a financial predicament of 2008. No secrets are suggested about a middle workings of a tellurian financial system, and a significant calm of a book can be found elsewhere. This book is good not since it explains a credit crunch, or how to trade binds or conduct portfolio risk (it doesn't even try to do these latter things), yet since it provides an intelligent, funny, rarely dogmatic singularity of inclusive finance, economics, and even philosophy. Many readers will remonstrate with points done by a unknown sidestep account manager who binds justice in these pages, yet we consider any reader would advantage from a inner dialog with him we have while reading.
The finish of a book, after a predicament is over, is not as constrained as a initial partial of a text. However, even a initial 100 pages some-more than justifies a cost of a book and a time spent reading it.
29 of 35 people found a following examination helpful.
Great for a discerning read
By Melissa Tang
I don't follow a news really much, only episodes of Daily Show that let me know a ubiquitous state of a world. So we knew subsequent to zero about a causes and implications of a financial meltdown or a motive of a bailout. we picked this book adult since we favourite a talk format and suspicion we could learn a little. It incited out to be an extraordinary read: it was sincerely easy to understand, both a interviewer and interviewee were likable, and it gave me a lot of discernment into a financial world. we would rarely suggest this book to anyone who wants to know some-more about what happened with a economy, yet find other, denser books too daunting.
14 of 17 people found a following examination helpful.
Great book. Easy Read.
By titan_UAV
This was a good book. Very ominous from a viewpoint of a clearly design financial expert. It's a prolonged talk conducted over a few years, so it creates it really easy to read. With a volume of info conveyed, as a non-finance guy, we did not find it to be overwhelmingly educational during all, even yet we schooled a extensive volume of new information.
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