Inside the House of Money: S. Drobny Wednesday, October 29, 2008
Posted by ei-forum in Book Reviews.trackback
Steven Drobny talks about recent investment trends, introduces readers to global marco investing and interviews some of the most interesting people in this field.
Don’t let the subtitle “Top Hedge Fund Traders on Profiting in the Global Markets” fool you into thinking that this book is simply about trading and hedge funds – it’s about understanding how extremely successful macro investors go about their daily business.
What do we mean by macro investors or global macro as Drobny discusses in his book? The classical definition:
- a discretionary investment style that leverages long and short positions in any asset class, in any instrument, in any market around the world with the goal of profiting from macroeconomic trends.
This book should really be required reading for any investor… especially value investors as it help you get into the minds of great traders that are moving incredibly large amounts of money and that will ultimately influence the speed at which market trends develop. Some might think that these traders are simply speculators but through these interviews, you quickly realize that they are extremely intelligent individuals that constantly study worldwide dynamics and try to invest in order to profit from their educated view of how trends will develop.
We cannot stress how extremely interesting and thought provoking this book is… trust us, you will not be disappointed!
Enjoy!
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[...] him in one of the Chapters of ‘Inside the House of Money’ which we recently reviewed: here. He is definitely worth listening to and here is a presentation where he discusses the most common [...]
Yes I agree that “Inside the House of Money” is a must read for any investor.
We really thought that the book was incredibly interesting… very thought provoking!