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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Long-Short Equity

Investment styles

Paired long and short books run for stock selection rather than market direction; the largest single hedge fund category.

Books 11Experts 3Recommenders 6

Start here

  1. More Money Than GodSebastian Mallaby, 2010
  2. Hedge Fund Market WizardsJack D. Schwager, 2012
  3. Efficiently InefficientLasse Heje Pedersen, 2015
More Money Than GodMore Money Than God
T2 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

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.

Efficiently Inefficient
T2 Efficiently Inefficient
Lasse Heje Pedersen · 2015
Open LibraryGoodreads

Markets pay skilled active managers; a survey of the strategies they run.

So Far, So Good: The First 94 YearsSo Far, So Good: The First 94 Years
T3 So Far, So Good: The First 94 Years
Roy R. Neuberger · 1997
Open LibraryGoodreads

Memoir of a hedged-equity pioneer's seven decades on Wall Street

“I sometimes reread older books like 'So Far, So Good - the First 94 Years,' written by Roy Neuberger in 1997. It always fascinates me how things are basically the same on Wall Street. Sound…” — Francois Rochon

Source: Rochon on rereading Neuberger and finding Wall Street unchanged

Recommended by: Francois Rochon, Jim Rogers

Julian RobertsonJulian Robertson
T3 Julian Robertson
Daniel A. Strachman · 2004
Open LibraryGoodreads

Tiger Management, the firm that set the long-short template.

Recommended by: Mohnish Pabrai

Running MoneyRunning Money
T3 Running Money
Andy Kessler · 2004
Open LibraryGoodreads

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

Recommended by: Mohnish Pabrai

HedgehoggingHedgehogging
T3 Hedgehogging
Barton Biggs · 2006
Open LibraryGoodreads

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

The Alpha MastersThe Alpha Masters
T3 The Alpha Masters
Maneet Ahuja · 2012
Open LibraryGoodreads

Profiles of the hedge fund managers who ran their strategies at scale after 2008.

No Bull: My Life In and Out of MarketsNo Bull: My Life In and Out of Markets
T4 No Bull: My Life In and Out of Markets
Michael Steinhardt · 2001
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

The New Investment SuperstarsThe New Investment Superstars
T4 The New Investment Superstars
Lois Peltz · 2001
Open LibraryGoodreads

Profiles of the hedge fund managers who rose above thousands of others in a decade.

Recommended by: Mohnish Pabrai

Hedge Hunters: Hedge Fund Masters on the RewHedge Hunters: Hedge Fund Masters on the Rewards, the Risk, and the Reckoning
T4 Hedge Hunters: Hedge Fund Masters on the Rewards, the Risk, and the Reckoning
Katherine Burton · 2010
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

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