{"product_id":"inside-the-house-of-money-isbn-9781118843284","title":"Inside the House of Money","description":"\u003cb\u003eNew commentary and updates to enlightening interviews with today's top global macro hedge fund managers\u003c\/b\u003e \u003cp\u003eThis updated paperback edition of \u003ci\u003eInside the House of Money\u003c\/i\u003e lifts the veil on the typically opaque world of hedge funds offering a rare glimpse at how today's highest paid money managers approach their craft. Now with new commentary, author, Steve Drobny takes you even further into the hedge fund industry. He demystifies how these star traders make billions for their well-heeled investors, revealing their theories, strategies and approaches to markets.\u003c\/p\u003e \u003cp\u003eWhereas some still maintain that rationality permeates financial markets, Drobny captures a different dimension, showing how the unquantifiable human forces of emotion and intuition are also at play. Along the way, readers get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDiscusses how no market or instrument is out of bounds for these elite global macro hedge fund managers\u003c\/li\u003e \u003cli\u003eOffers unique and illuminating insight into an inaccessible and sometimes downright secretive world\u003c\/li\u003e \u003cli\u003eWritten by respected industry expert Steven Drobny\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eHighly accessible and filled with in-depth expert opinion, this updated paperback edition of \u003ci\u003eInside the House of Money\u003c\/i\u003e is a must-read for financial professionals and anyone else interested in understanding how greed, fear, and the human forces of emotion drive world markets.\u003c\/p\u003e \u003cp\u003eForeword by Niall Ferguson ix\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003ePreface to the 2009 Edition xv\u003c\/p\u003e \u003cp\u003ePreface to the 2006 Edition xvii\u003c\/p\u003e \u003cp\u003e1. Introduction to Global Macro Hedge Funds:Joseph G. Nicholas (HFR Group) 1\u003c\/p\u003e \u003cp\u003e2. The History of Global Macro Hedge Funds 5\u003c\/p\u003e \u003cp\u003e3. The Future of Global Macro Hedge Funds 31\u003c\/p\u003e \u003cp\u003e4. The Family Offi ce Manager: Jim Leitner (Falcon Management) 35\u003c\/p\u003e \u003cp\u003e5. The Prop Trader: Christian Siva-Jothy (SemperMacro) 85\u003c\/p\u003e \u003cp\u003e6. The Treasurer: Dr. John Porter (Barclays Capital) 117\u003c\/p\u003e \u003cp\u003e7. The Central Banker: Dr. Sushil Wadhwani  (Wadhwani Asset Management) 145\u003c\/p\u003e \u003cp\u003e8. The Dot-Commer: Peter Thiel (Clarium Capital) 165\u003c\/p\u003e \u003cp\u003e9. The Floor Trader: Yra Harris (Praxis Trading) 183\u003c\/p\u003e \u003cp\u003e10. The Pioneer: Jim Rogers 201\u003c\/p\u003e \u003cp\u003e11. The Commodity Specialist: Dwight Anderson (Ospraie Management) 225\u003c\/p\u003e \u003cp\u003e12. The Stock Operator: Scott Bessent (Bessent Capital) 253\u003c\/p\u003e \u003cp\u003e13. The Emerging Market Specialist: Marko Dimitrijevic´ (Everest Capital) 273\u003c\/p\u003e \u003cp\u003e14. The Fixed Income Specialists: David Gorton and Rob Standing (London Diversifi ed Fund Management) 293\u003c\/p\u003e \u003cp\u003e15. The Currency Specialist: Anonymous 309\u003c\/p\u003e \u003cp\u003eConclusion 325\u003c\/p\u003e \u003cp\u003eAppendix: A Note to Investors about Global Macro 327\u003c\/p\u003e \u003cp\u003eAcknowledgments 329\u003c\/p\u003e \u003cp\u003eBibliography 331\u003c\/p\u003e \u003cp\u003eIndex 335 \u003c\/p\u003e   \u003cp\u003e\u003cb\u003eSTEVEN DROBNY\u003c\/b\u003e is the founder and CEO of Drobny Global Asset Management, an independent investment advisory, asset management and consulting firm focused on global macro and commodity hedge fund strategies. He is also the author of \u003ci\u003eThe Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes\u003c\/i\u003e, \u003ci\u003eand\u003c\/i\u003e \u003ci\u003eReal Money\u003c\/i\u003e (Wiley). Mr. Drobny holds an MSc in finance and accounting from the London School of Economics and Political Science and a BS\/BA from Bucknell University. Please visit www.drobnycapital.com for more information on Drobny and this book.   \u003c\/p\u003e\u003cp\u003ePraise for \u003cb\u003eInside theHouse of Money \u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Loved . . . the book—it's on my nightstand!\" \u003cb\u003e\t—Bill Gross, Managing Director, PIMCO\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"What a wonderful way to get into a macro trader's mind! I am so glad that this book exists.\" \u003cb\u003e\t—Nassim Nicholas Taleb, bestselling author of \u003ci\u003eThe Black Swan\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"We learn from these interviews of successful global macro investors that they share a style of thinking: they consider a strikingly broad list of factors influencing markets, they are exquisitely alert to nuances of timing and place in history, and, perhaps most fundamentally, they seem to be thinking along broadly inductive rather than deductive lines.\" \u003cb\u003e\t—Prof. Robert J. Shiller, Cowles Foundation for Research in Economics, International Center for Finance, Yale University, and author of \u003ci\u003eIrrational Exuberance\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"The ruminations of supposedly hush-hush hedge fund operators are richly illuminating.\" \u003cb\u003e\t\u003ci\u003e—The New York Times\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Useful for anyone who has entrusted their money to funds operating in the sector.\" \u003cb\u003e\t\u003ci\u003e—Financial Times\u003c\/i\u003e\u003c\/b\u003e\t \u003c\/p\u003e\u003cp\u003e\"Steven Drobny has been able to do something that few others have, especially in the media: he got hedge fund managers to share their trade secrets.\" \u003cb\u003e\t\u003ci\u003e—Institutional Investor\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Couldn't come at a more appropriate time . . . sheds more light than ever on the minds behind the largest global macro funds . . . reveals the intricacies of thinking like a hedge fund manager.\" \u003cb\u003e\u003ci\u003e\t—Forbes\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989432418533,"sku":"NP9781118843284","price":22.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118843284.jpg?v=1761784079","url":"https:\/\/k12savings.com\/products\/inside-the-house-of-money-isbn-9781118843284","provider":"K12savings","version":"1.0","type":"link"}