Financial legend Barton Biggs' fictional account of the hedge world and the broader workings of Wall Street
Barton Biggs' latest book is an inspirational rags to riches story of drive and financial talent. Told through the eyes of a fictional insider, this engaging story provides a detailed look at the hedge fund business in the late 1990s and through the first decade of the twenty-first century.
A Tale From the Hedge Fund World chronicles the life of a poor boy who ends up amassing more wealth than he ever thought possible. From studying Wall Street charts while sitting on the sidelines of football practice to realizing how so much money can be made in a short period of time, this book provides a bird's eye view of the inner workings of Wall Street and what it takes to make it there.
Puts the word of hedge funds in perspective and reveals the competitive and lucrative nature of this fieldOther titles by Biggs: Hedgehogging and Wealth, War & WisdomAlso describes the bursting of the mortgage bubble and the great financial crisis that followed
No one knows more about the hedge fund world of the past twenty years than Barton Biggs. His new fable offers an entertaining look at this field and those who aspire to excel within it.
BARTON BIGGS is the cofounder and managing partner of Traxis Partners, a billion-dollar macro hedge fund. He spent thirty years as a senior partner at Morgan Stanley, where he formed the firm's top-rated research department, and created and built its investment management division. He was also Morgan Stanley's investment strategist and was on numerous occasions elected by Institutional Investor magazine as the number-one ranked global strategist. He currently writes a column for Newsweek. Biggs's previous books, Hedgehogging and Wealth, War & Wisdom, are also published by Wiley and are international bestsellers.
Introduction 1 Chapter 1: Big Neck, Virginia 5 Chapter 2: Arizona Union 17 Chapter 3: New York and the Firm 33 Chapter 4: Onward and Upward 51 Chapter 5: Crisis and Confrontation 67 Chapter 6: Moving On 91 Chapter 7: Bridgestone 107 Chapter 8: Revenge of the Geeks 123 Chapter 9: Life Its Own Self 143 Chapter 10: The Halcyon Years 159 Chapter 11: Dinner at the Perots 181 Chapter 12: Big Decisions 193 Chapter 13: The Years of Milk and Honey 209 Chapter 14: The High Probability of the Improbable 223 Chapter 15: 2008: Annus Horribilis 247 Chapter 16: The Age of Malevolence 279 Chapter 17: The End of the Affair 297 Epilogue 313 About the Author 319