More Money Than God by Sebastian Mallaby Summary
Overview of More Money Than God
Dive into the secretive world of hedge funds where billionaires gamble billions. Sebastian Mallaby's definitive industry history reveals how financial mavericks like George Soros navigated crises without taxpayer bailouts - a perspective so compelling, Tim Ferriss recommends it to anyone fascinated by high-stakes capitalism.
Similar books to More Money Than God
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核心要点
The Wizards of Wall Street: How Hedge Funds Reshaped Finance
In 1949, Alfred Winslow Jones, a former socialist who had worked undercover against Nazis, created the first "hedged fund" with just $100,000. His improvised investment structure would spawn a financial revolution. By combining short selling with leverage and charging performance fees, Jones established a framework that would eventually produce fortunes that made J.P. Morgan look like a pauper. By 2006, the top hedge fund managers each earned over $1 billion annually - more money than God, as the saying goes. These modern financial alchemists live extravagantly with private islands and personal jets, but their greatest impact has been challenging academic orthodoxy about market efficiency while creating a powerful alternative to traditional banking structures. Jones's innovation was combining "speculative means for conservative ends." By routinely shorting part of his portfolio as insurance against market risk, he could invest more aggressively in promising stocks. He meticulously tracked returns from stock selection ("alpha") separately from market exposure ("beta") - anticipating academic breakthroughs in portfolio theory by years. His secretive approach established the culture of mystery that would define hedge funds for generations.
The Pioneers: From Contrarians to Market Masters
The Scientific Revolution in Trading
The Philosopher's Stone: Soros and Reflexivity
The Quant Revolution: Mathematics Meets Markets
The Greatest Trade: Betting Against the Bubble
The Future of Finance: Small Enough to Fail
快速摘要模式 - 10分钟阅读或收听《More Money Than God》摘要
将《More Money Than God》的核心观点拆解为易于理解的要点，了解创新团队如何创造、协作和成长。
闪卡模式 - 《More Money Than God》精华：10条核心见解
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趣味模式 - 《More Money Than God》的启示 - 21分钟故事
通过生动的故事体验《More Money Than God》，将创新经验转化为令人难忘且可应用的精彩时刻。
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随心提问，选择声音，共同创造真正与你产生共鸣的见解。
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"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
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