Inside job is a bit sensationalistic. That said, you can probably learn a decent amount by reading a book called "Hedgehogging.". It goes into some of the cultural aspects of finance. Just keep in mind that "trading" is all about having a better eye for value than the other guy. In every respect. If you're bad, you'll get fleeced.…
…couldn't. When everyone found out that AIG couldn't absorb that risk (defaults on mortgage-backed securities), they ran for the hills (refused to lend money with mortgage-backed securities as collateral). Hedgehogging will give you a good idea of the people/mentality that drives traders and how managing big money works. It's a complicated business and quite different from your regular mom-and-pop investor. One of…
Google page 179 "Hedgehogging" by Barton Biggs. There's one whole chapter in that book that's an indictment of Meeker, Blodget, Quattrone, Glassman ( the Dow 36000 guy ) and the rest of the folks who supplied the oxygen for the previous…
Is there a good book of history on this? I read a bit about it on the Barton Biggs' book Hedgehogging, but there were only two chapters. I feel like Process Driven Trading Partners must have some great stories that can fill multiple books.
…graduation ceremony and it made a lasting impact on me. Ofcourse the speaker was very charismatic & way more dramatic than I am :) But the phrase keeps popping up in several places. For instance, in Hedgehogging, Barton Biggs goes to a pre-2000 tech conference where they famously declare that technology innovations will propel the Dow to 20,000 in 1 year! Biggs calls bullshit & points out that genuine innovation…
Here's a bit from Barton Biggs' Hedgehogging that might be insightful: Gerson Bleichroder was a nineteen-century German Jew who had a life filled with immense financial triumph, persecution, and personal sadness. Otto Von Bismarck represented the…
《Inside Job》有点耸人听闻。话虽如此，读一本叫《Hedgehogging》的书大概能学到不少东西。它深入探讨了金融的某些文化层面。只要记住，“交易”全在于比对手更善于发现价值。在各个方面都是如此。如果你不行，就会被宰。……
Inside job is a bit sensationalistic. That said, you can probably learn a decent amount by reading a book called "Hedgehogging.". It goes into some of the cultural aspects of finance. Just keep in mind that "trading" is all about having a better eye for value than the other guy. In every respect. If you're bad, you'll get fleeced.…
……做不到。当所有人发现 AIG 无法吸收那种风险（抵押贷款支持证券的违约）时，他们就跑路了（拒绝以抵押贷款支持证券作为抵押品放贷）。《Hedgehogging》能让你很好地了解驱动交易员的人/心态，以及管理大资金是如何运作的。这是一门复杂的生意，与你普通的散户投资者截然不同。其中一个……
…couldn't. When everyone found out that AIG couldn't absorb that risk (defaults on mortgage-backed securities), they ran for the hills (refused to lend money with mortgage-backed securities as collateral). Hedgehogging will give you a good idea of the people/mentality that drives traders and how managing big money works. It's a complicated business and quite different from your regular mom-and-pop investor. One of…
去Google搜一下巴顿·比格斯（Barton Biggs）的《对冲基金风云录》（Hedgehogging）第179页。那本书里整整有一章都在控诉米克尔、布洛吉特、夸特隆、格拉斯曼（写《道指36000点》的那位）以及其他那帮为上一轮……煽风点火供氧的人。
Google page 179 "Hedgehogging" by Barton Biggs. There's one whole chapter in that book that's an indictment of Meeker, Blodget, Quattrone, Glassman ( the Dow 36000 guy ) and the rest of the folks who supplied the oxygen for the previous…
有关于这方面的优秀历史书吗？我在巴顿·比格斯的《对冲基金风云录》（Hedgehogging）里读到过一点，但总共只有两章。我觉得Process Driven Trading Partners肯定有不少精彩的故事，足够写好几本书了。
Is there a good book of history on this? I read a bit about it on the Barton Biggs' book Hedgehogging, but there were only two chapters. I feel like Process Driven Trading Partners must have some great stories that can fill multiple books.
…毕业典礼上，它给我留下了持久的影响。当然演讲者非常有魅力，戏剧张力也比我强得多 :) 但这句话总是在很多地方冒出来。比如在《对冲基金风云录》（Hedgehogging）里，巴顿·比格斯参加了一场2000年之前的科技峰会，会上有人放出豪言，宣称技术创新将在1年内把道指推上20,000点！比格斯直接斥之为扯淡，并指出真正的创新…
…graduation ceremony and it made a lasting impact on me. Ofcourse the speaker was very charismatic & way more dramatic than I am :) But the phrase keeps popping up in several places. For instance, in Hedgehogging, Barton Biggs goes to a pre-2000 tech conference where they famously declare that technology innovations will propel the Dow to 20,000 in 1 year! Biggs calls bullshit & points out that genuine innovation…
这里摘录一段巴顿·比格斯在《对冲基金风云录》（Hedgehogging）中颇具启发性的话：格尔森·布莱希罗德（Gerson Bleichroder）是19世纪的德国犹太人，他的一生充满了巨大的财务成功、迫害以及个人的悲剧。奥托·冯·俾斯麦代表了…
Here's a bit from Barton Biggs' Hedgehogging that might be insightful: Gerson Bleichroder was a nineteen-century German Jew who had a life filled with immense financial triumph, persecution, and personal sadness. Otto Von Bismarck represented the…