职业投资者必读_对冲基金风云录书评-查字典图书网
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ferncrest 对冲基金风云录 的书评 发表时间:2007-09-28 11:09:39

职业投资者必读

对冲基金风云录》这本书的好处在于不仅叙述了对冲基金发起的大致流程和相关的实际经历,而且提供了很多具体案例和各种风格的投资管理人的思路和风格。对投资者心理层面的问题也有真实的再现和分析,同时文笔也十分流畅。在这本书里不仅有成功的经验,也有大量失败的教训(包括他人的失败经验)对于职业投资者和投资经理是非常好的阅读资料和投资参考。

伟大投资者和平庸的投资者的区别就在于伟大的投资者有着超常的投资直觉。本书对于投资直觉和投资界超常神秘事件亦有详述。

这本书的可读性在于是建立在作者本人和同事、同行的真实经历的基础上写成的。和《股票做手回忆录》一样,对于职业投资者来说,本书只读一次是不够的,个人的经验是至少读3遍,每隔3个月读一遍。

关于作者:作者巴顿.比格斯在摩根斯坦利工作了30年并于2003年和两个同事发起了自己的Traxis对冲基金。该基金是2003年发起的对中基金中最大的,如今规模达10亿美元。

“与其它的华尔街人士相比,巴顿比格斯在描绘市场时更有品位、更清晰,也更富有见地。他的新书《对冲基金风云录》不仅为我们带来大量宝贵的投资经验,也提供了令人兴趣盎然的阅读享受。”—— 大卫.F.斯文森,耶鲁大学首席投资官。

2007年1月由中信出版社出版。ISBN:978-7-5086-0761-0

这本书可能是专业投资者拿起来就难以放下,并很轻松地一口气读完的书。

趣味性/可读性:5星级
内容: 5星级
推荐级别: 5星级

注释:5星级为最高级别。

ps:如果你没有金融市场方面的专业知识或经历,这本书对你的用处就大打折扣。

the following is what I got from amazon.com:

105 of 119 people found the following review helpful:
It’s not about how to invest but how to be an investor., January 5, 2006
By Michael A. Kelly “highgamma” (Basking Ridge, NJ USA) - See all my reviews
(REAL NAME)
I previously worked in the hedge-fund industry and now teach college students about finance. Therefore, I found Barton Biggs’ anecdotes both instructive and amusing, having seen some of the poor lifestyle choices that some hedge fund managers (”hedgehogs”, according to Byron) make.

However, the book’s strength is not an “inside look” into the world of hedgehogs, but a series of instructive vignettes about how to be an “investor”. According to Biggs, a true investor sees one step ahead, while the rest of us are responding to the “now”.

The true investor pays a high price for this insight. A true investor makes mistakes, is inevitably early, has doubts, lives in a lonely world, and is abandoned at precisely the wrong time by his most loyal investors. Sleepless nights, grinding teeth, and poor digestion are just part of the price paid. (I certainly can attest to this, though I would never claim to be a true investor. I guess that I am just a “journeyman”.)

The goal of people with money to invest is to find these true investors, give them their money, watch them closely, and stick with them through thick and thin. One must constantly watch, though, for the weaknesses that often come with success.

In the first half of the book, Byron provides many instructive stories, centered on his town of Greenwich, of successful hedgehogs who let their money determine their lifestyles. Inevitably, pride comes before the fall, destroying both lifestyles and businesses.

I strongly recommend this book, not as an investment guide, but as an “investor guide” — a guide on how to be a successful investor or how to find successful investors to work for you. This book fills an critical hole in my library.

Addendum January 8, 2006: I’ve spoken to a few friends in the business who are quite angry about the passages in the book concerning the Breakers meeting that is sponsored by Morgan Stanley. I, too, felt that Biggs’ comments were unwarranted, but they did not detract from the book for me. There are many in the hedge fund community who feel that Biggs owes them an apology. I agree.

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对“职业投资者必读”的回应

日耳曼人 2013-10-19 18:34:53

这本书很好看,悲剧英雄更好看

cypher2 2010-11-29 23:11:58

好书。内容太多了,勉强看了一遍,值得仔细看看。

P.J. 2010-02-11 22:09:56

it sounds interesting, a friend of mine who is working in Investment Banking happens to recommended a book Monkey Business Swinging Through the Wall Street Jungle describing the industry in pretty much the same way.

fats 2009-01-02 19:40:13

如果你没有金融市场方面的专业知识或经历,这本书对你的用处就大打折扣。

非常同意,业余的根本看不懂。