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6 of 6 people found the following review helpful
5.0 out of 5 stars Rare insight on traders' thinking
I find Steve's book very insightful; it offers a perspective into this often misunderstood industry by producing a series of interviews with hedge fund managers. This is a must-read for all the big ego wannabe's and "me-too" traders and investors in this ultra competitive market. Annually there must be 100s of hedge funds looking for money to start new funds: few survive...
Published on 4 July 2006 by nero maximus

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13 of 13 people found the following review helpful
3.0 out of 5 stars Worth a Read, but Not in the Same League as 'Market Wizards'
I looked forward to reading this book, having recently reread both Market Wizard books. The first interview with Jim Leitner was of the same calibre of anything that was in Market Wizards. Leitner is a big player, and he gave a surprising amount of detail of his investment approach. There is undoubtedly much more to glean from the interview if one was to re-read it...
Published on 5 Jan 2007 by Avid Reader


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13 of 13 people found the following review helpful
3.0 out of 5 stars Worth a Read, but Not in the Same League as 'Market Wizards', 5 Jan 2007
This review is from: Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets (Hardcover)
I looked forward to reading this book, having recently reread both Market Wizard books. The first interview with Jim Leitner was of the same calibre of anything that was in Market Wizards. Leitner is a big player, and he gave a surprising amount of detail of his investment approach. There is undoubtedly much more to glean from the interview if one was to re-read it.

The rest of the interviews were average. The fundamental problem is that Drobny did not get interviews with with either the key guys behind the long-standing global macro funds, such as Tudor, Caxton, Moore Cap, or with the 'new' players such as Citadel, Brevan Howard or Renaissance. In fact, the absence of the latter fund or any other quant/systematic funds highlights how Drobny misses the cutting edge of global macro in the new millennium - that is, the rise of quant. As a result, reading the book, it already feels dated. The final interview with the currency specialist was particularly poor, and provided little other than an insight into the life of a seemingly successful prop trader.

Despite my somewhat negative tone, I do think that the interview with Leitner alone is worth getting book. The other reason is the reminder of how good Keynes was as one of the first global macro traders. Might be time to give Skidelsky's biography of Keynes another read.
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6 of 6 people found the following review helpful
5.0 out of 5 stars Rare insight on traders' thinking, 4 July 2006
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This review is from: Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets (Hardcover)
I find Steve's book very insightful; it offers a perspective into this often misunderstood industry by producing a series of interviews with hedge fund managers. This is a must-read for all the big ego wannabe's and "me-too" traders and investors in this ultra competitive market. Annually there must be 100s of hedge funds looking for money to start new funds: few survive just, like in any other business. As an investor, this book will give you some ammunition in finding those who will. As a trader or spectator this book will give you some idea of how greed, intelligence and luck make a great money machine.
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12 of 13 people found the following review helpful
5.0 out of 5 stars The New Market Wizards, 9 Jun 2006
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M Ohr (London, UK) - See all my reviews
This review is from: Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets (Hardcover)
I have probably read almost every trading book out there over the years. As a prop trader and hedge fund manager, I found this book extremely well written and insightful for anyone interested in the industry. The managers in the book are the new breed of some of the best in the business out there. Its a great compilation of macro traders each with their own principal specialty. Its a great book for anyone interested in the business.
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1 of 1 people found the following review helpful
4.0 out of 5 stars Insightful visit to the world of the global macro investor., 28 Sep 2007
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Rolf Dobelli "getAbstract" (Switzerland) - See all my reviews
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This review is from: Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets (Hardcover)
This fascinating book will take you into the world of current global macro investing. Steven Drobny interviews 13 successful traders, analysts and fund managers who participate in global macro investing in many different ways. Although some of the discussions are technical (but never mathematical), they are readable and easy to understand. Drobny also provides some information on the origins and early years of global macroeconomic investing, from John Keynes to George Soros. He talks to his interviewees about their backgrounds and asks their investment advice. His question-and-answer approach keeps things moving. We enjoyed Drobny's descriptions of the people he interviewed, though the interview-style format leads to somewhat choppy data. This book is surprisingly fun for what could have become a very dense, technical tome in less skilled hands.
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1 of 1 people found the following review helpful
5.0 out of 5 stars better than market wizards, great read, 19 Aug 2007
This review is from: Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets (Hardcover)
In the interest of full disclosure, I know the author and he is a great guy. I think this is a excellent book, it is the first time someone has really brought together the different strands of macro trading and approached it from the perspective of different market participants. The interviews are all useful and do provide some real gems of knowledge. The Q&A approach is somewhat similar to the market wizards books but the questions are much better put, in my view, and the interviewees go into more detail in their responses. The interview subjects are all major players, although I always think these books seem to tempt fate for the subjects - for example, Christian Siva Jothy has come a bit of a cropper in the switch to working on a fund from prop trading, while Sushil Wadhwani's numbers were pretty mediocre last time I checked. Still, powerful names who have proven themselves over time and will no doubt come good in time. I think this book is a worthy addition to any prop trader's or hedge fund manager's collection, whether they operate explicitly in the macro space or not. In the end, macro comes into all aspects of trading.
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