Chapter 1 of “The Hedge Fund Book” by Richard C. Wilson kicks things off with the basics. And honestly, if you’ve ever wondered what a hedge fund actually is without getting a headache from finance jargon, this chapter does a solid job explaining it.
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139
This is post 10 of 23 in a series on Systems Thinking: Managing Chaos and Complexity by Jamshid Gharajedaghi (ISBN: 978-0-7506-7973-2).
In the second half of Chapter 7, Larry Harris gets into the messy reality of the Principal-Agent Problem. You are the principal (the boss), and the broker is the agent. In a perfect world, they do exactly what you want. In the real world, they have their own bills to pay.
Chapter 8 of The Swiss Secret to Optimal Health is where Dr. Rau lays out what life looks like after the detox. And honestly, it’s way more enjoyable than you’d expect from a chapter called “The Maintenance Diet.”
Chapter 6 is where the book gets into the real meat of EM rates trading. And the first thing it tells you might be surprising: before you can trade EM rates, you need to understand US rates. Because the Fed drives everything.
Chapter 9 is a study in contrasts. Rand puts two relationships side by side and lets you see the difference between a connection built on real values and one built on lies. And then, in the last act, she introduces the mystery that will drive the rest of the novel.
Brokers are the middlemen of trading. You might think of them as a necessary evil, but Larry Harris makes a compelling case in Chapter 7 of “Trading and Exchanges” that they provide services most traders simply cannot replicate on their own. Understanding what brokers do, and what they might do to you, is essential whether you’re a retail trader or managing billions.
Chapter 4 is where Demaria gets into the actual strategies private equity funds use to make money. He starts with the one everyone has heard of: venture capital. The stuff that turns garage projects into billion-dollar companies. Or, more often, burns through cash and produces nothing.
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139