Select delivery location
Have one to sell?
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer – no Kindle device required. Learn more

Read instantly on your browser with Kindle Cloud Reader.

Using your mobile phone camera, scan the code below and download the Kindle app.

QR code to download the Kindle app

Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more

Follow the Author

Something went wrong. Please try your request again later.

More Money Than God: Hedge Funds and the Making of a New Elite Hardcover – June 15 2010

4.5 out of 5 stars 701 ratings

Amazon Price
New from Used from
Kindle Edition
Hardcover
$170.71 $37.84
Great on Kindle
Great Experience. Great Value.
iphone with kindle app
Putting our best book forward
Each Great on Kindle book offers a great reading experience, at a better value than print to keep your wallet happy.

Explore your book, then jump right back to where you left off with Page Flip.

View high quality images that let you zoom in to take a closer look.

Enjoy features only possible in digital – start reading right away, carry your library with you, adjust the font, create shareable notes and highlights, and more.

Discover additional details about the events, people, and places in your book, with Wikipedia integration.

Get the free Kindle app: Link to the kindle app page Link to the kindle app page
Enjoy a great reading experience when you buy the Kindle edition of this book. Learn more about Great on Kindle, available in select categories.

Product description

Review

"[T]he bright light shed by More Money Than God is particularly welcome. Mr. Mallaby... brings a keen sense of financial theory to his subject and a vivid narrative style."
-
The Wall Street Journal

"[S]plendid ... the definitive history of the hedge fund history, a compelling narrative full of larger-than-life characters and dramatic tales of their financial triumphs and reversals... Mallaby weaves into his narrative just the right amount of economic theory and market history, and he has a wonderful knack for explaining complex trading strategies in simple and elegant prose."
-
The Washington Post

"[A] splendid account of the ups and downs of an industry in which few of the twenty-something hedge-fund wannabes know their history. They, and meddling politicians, should read this book before they are condemned to repeat it."
-
The Financial Times

"Mallaby's book is informative and entertaining..."
-
Newsweek

"
More Money Than God is an expert primer on America's most obscenely lucrative investment tool... [Mallaby is] incisive, informative, and as good a financial writer as he is a storyteller."
-NPR's
All Things Considered

"In MORE MONEY THAN GOD, his smart history of the hedge fund business, Mallaby does more than explain how finance's richest moguls made their loot. He argues that the obsessive, charismatic oddballs of the hedge fund world are Wall Street's future-and possibly its salvation."
-
The New York Times Book Review

"Sebastian Mallaby's history of hedge funds is well written, smart, and balanced."
-Greg Mankiw,

"Sebastian Mallaby's in-depth research and clear writing style is engaging... With great insight into the lucrative world of hedge funds,
More Money Than God is one of the best, most engrossing of the current financial books."
-
The Finance Professional's Post (A publication of the New York Society of Security Analysts)

"[A] superb book"
-David Brooks,
The New York Times

"Mallaby... effectively combines an insider's knowledge with a colorful storytelling ability... A lively, provocative examination of a little-understood financial realm."
-
Kirkus

"A superbly researched history of hedge-fund heroes stretching back to the 1950s, it is a fascinating tale of the contrarian and cerebral misfits who created successful, flexible businesses in an otherwise conventional financial world."
-
The Economist

"
More Money than God shines a fascinating light on what is still the most obscure route to becoming a billionaire--the mysterious world of hedge funds. Sebastian Mallaby's rollicking tour of industry legends--famous and otherwise-- tells the improbable story of A.W. Jones, the vagabond journalist-sociologist and daring anti-Nazi activist who, after the war, would create the first "hedged" investment fund. From there, we get rip-roaring profiles of investing titans from the full-throated gambler Michael Steinhardt to the bold TmigrT George Soros and the courtly stockpicker Julian Robertson to the ill-fated intellects of LTCM and the hedge fund stars of the present day. Even as Mallaby entertains he advances an unorthodox yet compelling brief: rich as they are, hedge funds are probably the best vehicles society has for assuming risk. Any who disagree will have to contend with the evidence of the recent Wall Street collapse. If one shudders at the prospect of concentrating risk inside giant banks whose chieftains wager other people's money and cavalierly call for taxpayer bailouts then, as Mallaby points out, hedge funds are a necessary antidote."
-Roger Lowenstein, author of
The End of Wall Street

"Sebastian Mallaby takes us into the secretive world of hedge funds and the result is a wonderful story and an education in finance. The book is full of colorful characters playing high stakes' games. Throughout, with his customary intelligence, Mallaby helps us understand this important transformation of the financial industry."
-Fareed Zakaria, author of
The Post American World

"When Alfred Winslow Jones started the first hedge fund, he had no idea where it would lead. Sebastian Mallaby, who must be the keenest student of hedge funds anywhere, now does-and he shares it with you in this crackling good read."
-Dr. Alan S. Blinder, Professor of Economics, Princeton University, and Former Vice Chairman, Federal Reserve

"A fascinating history. Mallaby combines vivid description of key personalities and episodes with thoughtful discussion of the sources of advantage for different investment styles in different periods of financial history. I enthusiastically recommend this book to colleagues and students in academia and asset management."
-John Y. Campbell, Chairman of the Department of Economics, Harvard University, and Partner, Arrowstreet Capital

About the Author

Sebastian Mallaby has been a Washington Post columnist since 1999. From 1986 to 1999, he was on the staff of The Economist, serving in Zimbabwe, London, and Japan, and as the magazine's Washington bureau chief. He spent 2003 as a Fellow at the Council on Foreign Relations and has written for Foreign Affairs, Foreign Policy, The New York Times, and The New Republic, among others.
Gifts for everyone

Product details

  • Publisher ‏ : ‎ Penguin Press HC, The (June 15 2010)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 496 pages
  • ISBN-10 ‏ : ‎ 1594202559
  • ISBN-13 ‏ : ‎ 978-1594202551
  • Item weight ‏ : ‎ 0.28 g
  • Dimensions ‏ : ‎ 16.51 x 3.18 x 24.13 cm
  • Customer Reviews:
    4.5 out of 5 stars 701 ratings

About the author

Follow authors to get new release updates, plus improved recommendations.
Brief content visible, double tap to read full content.
Full content visible, double tap to read brief content.

Sebastian Mallaby is the Paul Volcker Senior Fellow in International Economics at the Council on Foreign Relations and a Washington Post columnist. He spent thirteen years on The Economist magazine, covering international finance in London and serving as the bureau chief in southern Africa, Japan, and Washington. He spent eight years on the editorial board of The Washington Post, focusing on globalization and political economy. His previous books are The World's Banker (2004), which was named as an Editor's Choice by The New York Times, and After Apartheid (1992), which was a New York Times Notable Book.

Customer reviews

4.5 out of 5 stars
4.5 out of 5
701 global ratings

Top reviews from Canada

Reviewed in Canada 🇨🇦 on September 17, 2018
Verified Purchase
One person found this helpful
Report abuse
Reviewed in Canada 🇨🇦 on May 30, 2016
Verified Purchase
2 people found this helpful
Report abuse
Reviewed in Canada 🇨🇦 on May 7, 2016
Verified Purchase
One person found this helpful
Report abuse
Reviewed in Canada 🇨🇦 on August 9, 2015
Verified Purchase
One person found this helpful
Report abuse
Reviewed in Canada 🇨🇦 on January 11, 2018
Verified Purchase
Reviewed in Canada 🇨🇦 on February 28, 2018

Top reviews from other countries

John Brewer
5.0 out of 5 stars "When the hedge funds become a pack and attack a country..."
Reviewed in the United Kingdom 🇬🇧 on June 29, 2022
Verified Purchase
2 people found this helpful
Report abuse
TJ
5.0 out of 5 stars A rigorous look into a secretive industry
Reviewed in the United Kingdom 🇬🇧 on January 21, 2020
Verified Purchase
2 people found this helpful
Report abuse
MJ
5.0 out of 5 stars An engaging insight into the industry of leverage
Reviewed in the United Kingdom 🇬🇧 on May 25, 2017
Verified Purchase
4 people found this helpful
Report abuse
Saad
5.0 out of 5 stars Fascinating read
Reviewed in the United Kingdom 🇬🇧 on June 19, 2021
Verified Purchase
B M
5.0 out of 5 stars For insiders and outsiders
Reviewed in the United Kingdom 🇬🇧 on October 26, 2022
Verified Purchase