Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Hedge funds

Business models

Fee-driven absolute-return vehicles; the best books are biographies of the funds themselves rather than strategy manuals.

Books 16Experts 7Recommenders 14

Start here

  1. More Money Than GodSebastian Mallaby, 2010
  2. Hedge Fund Market WizardsJack D. Schwager, 2012
  3. When Genius FailedRoger Lowenstein, 2000
When Genius FailedWhen Genius Failed
T1 When Genius Failed
Roger Lowenstein · 2000
Open LibraryGoodreads

How a hedge fund's bond bets on borrowed money lost $4.6 billion in four months.

Recommended by: Mohnish Pabrai and 7 others

More Money Than GodMore Money Than God
T1 More Money Than God
Sebastian Mallaby · 2010
Open LibraryGoodreads

Hedge funds from Alfred Winslow Jones in 1949 through Soros, Robertson and beyond.

“It's hard to imagine anyone will ever write a better book on the subject.” — Paul Graham

Source: Paul Graham on X (Apr 8, 2021)

Recommended by: Mohnish Pabrai, Paul Graham, Josh Wolfe and 1 other

The Man Who Solved the MarketThe Man Who Solved the Market
T1 The Man Who Solved the Market
Gregory Zuckerman · 2019
Open LibraryGoodreads

How Jim Simons's Renaissance used maths and data to earn the best returns on record.

Recommended by: Andrew Wilkinson

The Mind of Wall StreetThe Mind of Wall Street
T2 The Mind of Wall Street
Leon Levy, Eugene Linden · 2002
Open LibraryGoodreads

A value investor's memoir from the 1950s to the dot-com crash, on market psychology.

“Personal biographies, the histories, are the most interesting. I have Benjamin Graham's personal biography, also the biography of Leon Levy, The Mind of Wall Street. These are all great.” — Chris Mittleman

Source: Mittleman on why investor biographies are the most useful reading

Recommended by: Chris Mittleman

HedgehoggingHedgehogging
T2 Hedgehogging
Barton Biggs · 2006
Open LibraryGoodreads

Essays and stories on the people and psychology of running a hedge fund.

The Greatest Trade EverThe Greatest Trade Ever
T2 The Greatest Trade Ever
Gregory Zuckerman · 2009
Open LibraryGoodreads

How John Paulson's bet against subprime mortgages made $15 billion in 2007.

Recommended by: Mohnish Pabrai, Charlie Munger

Hedge Fund Market WizardsHedge Fund Market Wizards
T2 Hedge Fund Market Wizards
Jack D. Schwager · 2012
Open LibraryGoodreads

Includes a long Dalio interview predating the Principles publicity machine.

Inside the House of MoneyInside the House of Money
T3 Inside the House of Money
Steven Drobny · 2006
Open LibraryGoodreads

Global macro managers on how they build trades.

Investing with the Hedge Fund Giants: ProfitInvesting with the Hedge Fund Giants: Profits Whether Markets Rise or Fall
T4 Investing with the Hedge Fund Giants: Profits Whether Markets Rise or Fall
Beverly Chandler · 1998
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

Investing in Hedge FundsInvesting in Hedge Funds
T4 Investing in Hedge Funds
Joseph G.Nicholas · 1999
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

Getting Started in Hedge FundsGetting Started in Hedge Funds
T4 Getting Started in Hedge Funds
Daniel A. Strachman · 2000
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

Searching for Alpha: The Quest for ExceptionSearching for Alpha: The Quest for Exceptional Investment Performance
T4 Searching for Alpha: The Quest for Exceptional Investment Performance
Ben Warwick · 2000
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

Running Money: Hedge Fund Honchos, Monster MRunning Money: Hedge Fund Honchos, Monster Marke12: 12 PM 2/12/2008ts and My Hunt for the Big Score
T4 Running Money: Hedge Fund Honchos, Monster Marke12: 12 PM 2/12/2008ts and My Hunt for the Big Score
Andy Kessler · 2004
Open LibraryGoodreads

Manager's memoir of running a technology long-short book through a bubble.

Recommended by: Mohnish Pabrai

Trade Like a Hedge Fund: 20 Successful UncorTrade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & amp
T4 Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & amp
James Altucher · 2004
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

Hedge Funds: An Analytic PerspectiveHedge Funds: An Analytic Perspective
T4 Hedge Funds: An Analytic Perspective
Andrew W. Lo · 2008
Open LibraryGoodreads

Princeton University Press; revised edition 2010.

A Hedge Fund Tale of Reach and Grasp: Or WhaA Hedge Fund Tale of Reach and Grasp: Or What's a Heaven For
T4 A Hedge Fund Tale of Reach and Grasp: Or What's a Heaven For
Barton Biggs · 2010
Open LibraryGoodreads

Wiley

Recommended by: Mohnish Pabrai

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