Enterprising Investor Forum

Running Money: A. Kessler Thursday, September 18, 2008

“Hedge this! … Hedge Fund Honchos, Monster Markets and Hunting for the Big Score”

This is a really interesting book. Not only does it provide the excitement and insight of the hedge fund industry but it actually has lessons for the long-term value investor. Furthermore, readers should note that Kessler was a long only and value driven hedge fund manager and that he really focused on discovering hidden gems and not speculative buys. Once you pick up this book, you will most likely get through it in one or two reading sessions. To give you a better idea, it is like “Liar’s Poker”.

As the books states, “Running Money is an insider’s tale. Through witty and wacky stories, Kessler takes the reader on a tour of big-stakes investing, a bizarre trail of startup companies, anonymous investors and the occasional Elvis impersonator.” Running Money, also gives the reader much more. It highlights the need to follow the money flows and to work hard at trying to understand what the next trends will be and who holds the real competitive advantage… usually things are more complicated than they seem and you have to dig deep to get a hold on what is really going on. Moreover, Kessler finally details: “Why it’s imperative to drive a beemer, tote a toshiba laptop and watch a bigg-ass sony tv” – don’t worry, you” get it when you read the book…

Enjoy!