But when the young portfolio manager finds himself working for one of the world's most prestigious firms—helping to run their hedge fund operation just as the market is starting to crack in 2007—McCullough becomes a lonely voice of reason in a world that rewards groupthink and disregards the adage about past performance having no bearing on future results. When McCullough finds himself shown the door, the story takes a fascinating turn into the world of independent research and no-holds-barred criticism.
Page by page, this fast-paced ride through the world of hedge funds reveals the unvarnished truth of how Wall Street and hedge funds really operate and offers real-world investment lessons you can take away and put to good use.
Written with the authority of someone who knows how Wall Street and hedge funds work, yet accessible to even a casual follower of finance, Diary of a Hedge Fund Manager mixes a constructive critique of the investment industry with fundamental lessons that any investor will find valuable. --This text refers to the Hardcover edition.
An unvarnished look at how Wall Street and hedge funds really operate, offering real-world lessons that you can put to good use
"An engaging and fascinating memoir of a Wall Street insider who foresaw the crisis and lost his job for it. McCullough has written an insightful firsthand account of our modern Rome beforeand afterits fall. The author stands head and shoulders above his peers with his phenomenal trading track record, personal integrity, and skill at communicating his unique experiences."Richard L. Peterson, MD, Managing Director, MarketPsy Capital, LLC; author of Inside the Investor's Brain
"If an unholy offspring of Lester Bangs and Don Cherry traded and wrote a financial market diary, it might be something like the smart, hip, and crunching commentary hedge fund manager Keith McCullough delivers every day. Keith is on a short list of must-reads in a business filled with also-rans."Dr. Paul Kedrosky, Editor, Infectious Greed; Managing Director, IG Holdings; Senior Fellow, Kauffman Foundation
"Diary of a Hedge Fund Manager should be added to the list of must-read books on Wall Street. It is very rare that readers get this kind of insight into the world of what Wall Street calls the 'smart money.' McCullough's exciting and inspirational story reinforces the fact that hard work pays off. The book does a great job of pointing out that, on Wall Street, common sense and hard work trump a PhDwithout actually saying it. His honesty is refreshing and reminds us all that the giants of the hedge fund world are mere mortals. This story is one that both Wall Street and Main Street can relate to and learn from."Douglas M. Famigletti, CFA, Managing Director, Griffin Asset Management, Inc.
The book is an inspirational personal experience by a great risk manager.
The book sends a great message about how far hard work and character can take someone in their career and personal life.
In telling his story, McCullough may end up inspiring a whole new generation of Wall Street achievers and innovators.
This was a good read on hedge funds and how they can function. A little too much name dropping for me. Read morePublished 13 months ago by Kevin Osborn
If you are looking for a book about specifics on investing/trading then you are wasting your time. This book is extremely well written from the perspective of the author and it... Read morePublished 18 months ago by Jimenezja
great look inside workings and thoughts of the hedge fund world. keith brings a refreshing personality as well as worthwhile education to the independent investorPublished 18 months ago by david bertone
Good book. Definitely would recommend it to anyone getting into hedge fund game or institutional sales. Get an insider's perspective. Good story teller.Published on April 27, 2012 by cavan
This must be the 4th or 5th book I read that is described as a diary from an investor/speculator/hedge fund guy/ ... This was unfortunately also the most disappointing one. Read morePublished on September 5, 2011 by Straddle1985
It is one of good read .Investor should not miss to read this book .It is important to learn how the hedge fund work because they are dominant players in the financial world. Read morePublished on July 3, 2011 by king888
An interesting account of the hedge fund boom and the recent financial downturn from the perspective of a hedge fund manager. It's a pretty quick read.Published on April 28, 2011 by Pie Man
I guess the majority of people who are interested in this book are investors/traders who want to learn how a hedge fund manager operates and wins. Read morePublished on April 13, 2011 by ServantofGod
In an industry full of conflicts of interest its nice to see someone attempt to cut through the complexity and let people know what is really needed.... Read morePublished on March 16, 2011 by Scott Ford