Customer Reviews

Hedge Fund Masters: How Top Hedge Fund Traders Set Goals, Overcome Barriers, and Achieve Peak Performance (Wiley Trading)

5 star:		(14)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(3)

 

 

I had expected something of the genre and quality of Market Wizards I & II, Trading for a living, Trade like a Hedge Fund (by James Altucher), Soros on Soros, Reminiscences of a stock operator, Running Money by Andy Kessler etc etc. I had been confoundedly disappointed. The book is flooded of interviews with hedge fund managers anonymous leading you to nowhere but setting goals, visualizing success, overcoming fears and all the stuff you find in any trading psychology book, only that the writing skill of the author is sub-standard. The author had repeated the term "Hedge Fund" highly frequently. However, the content is not related particularly to any hedge fund or hedge fund manager at all. Also, the author had elaborated the term "mastery" throughout the book. I assure you that you will have no idea of how to achieve it unless you employ the author as your personal trading counsellor.

In short, a waste of time, money and the paper to print the book.

'Sceptic' (See March 2nd review below) is right - the author has conjured up a slew of similar 5 star reviews from family, friends and SAC office co-workers. His ego knows no bounds.

If you have his first two books you would be wasting your money to get this one. And it would be nice to expect better of an author on subjects of peak performance than to pad reviews. Sorry, Ari.

After reading all the negative reviews (one from a reviewer that admits he didn't even read the book???) I am a little confused. I just finshed reading Hedge Fund Masters and I really liked it.

The author comments on interviews with 80 hedge fund managers. He talks about the problems holding them back and keeping them from getting bigger, or keeping them from staying profitable. I am amazed that all these managers running huge money have the same problems that I do. Maybe there is hope for me!

There are many ideas in this book that will help traders and managers. Everything from developing a vision, planning a strategy, to the section on fears, emotions, and overcoming obstacles. I think Kiev is more of a coach than a psychologist in this book. He does not say "Ok, I validate your fears, its ok to be a loser", he comes out and tells some of these managers they are being weak and should change their risk levels and profit targets if they want to run big money. It makes sense in the context of the conversations.

With the loss of 5 billion by Aramanth this week, maybe they should have read this book last week. Now just getting bigger is not going to help many managers. Kiev only pushes some of these managers to trade larger on the positions they have extreme confidence in. Confidence levels that they have a track record of in previous trades. After all, if your goal is to be one of the best, you cannot stay in your comfort zone.

I did not read the book so I can't review it, but reviewing the reviews it does not smell good that 11 out of 14 reviews are between Aug. 1-4 by reviewers that for most of them this is their only review

Hedge Fund Masters is a great book. It helped me a lot in my forex trading.
It has you setting goals, formulating a vision, enhancing your process, and other great ideas to make you a success.

Rather than the multitude of recent hedge fund books where the narrator`s main goal is self-aggrandizing, Dr. Kiev's latest effort gives a deep look into sculpting the mind to become a successful trader and investor. His experience with some of the best traders and portfolio managers of this decade provides this book with rare insight into a new generation of investing success. This book definitely can provide a tailwind to one's investment style, as it provides steps to better understand and improve oneself as an investor.

In the last several years, there have been dozens of books written on the topic of Hedge Fund investing, styles and personalities. Unfortunately, most of them are terrible and they suffer from the classic problem of adverse selection: the authors wouldn't write them if they, indeed, were successful themselves. Dr. Kiev, on the other hand, has consulted and trained some of the most successful traders and investors in the world - the most notable being Steven A. Cohen.

This book is easily one of the best books out there for understanding your pyschological tendencies, weaknesses and strengths as well as learning what it takes to become "world-class." Dr. Kiev is inspirational, and reading this book will force you to re-evaluate the way in which you operate and behave on a daily basis. Additionally, I found the lessons and teachings in this book to be applicable to all areas of life where performance and achievement matter.

Hedge Fund Masters continues Kiev's masterful exploration of the emotional and psychological challenges facing investors. It is trailblazing in its application of the principles of mastery to topics such as leadership, empowerment of a team and establishment of a masterful culture. Substitute 'business' for 'investing' and 'managing' for 'trading' and the clearly spelled out lessons within Hedge Fund Masters are invaluable for business managers and investors alike.

Hedge Fund Masters is a useful book that is clear, concise and practical. It will be of interest to traders, investors and to anyone interested in studying the psychology of trading. Dr Kiev writes from first-hand experience as a coach to traders at SAC Capital, the equivalent of the New York Yankees in the hedge fund world. The book is well-structured and the chapters are easily digestible.

As a trader would say, the price of the book is less than a rounding error on a trade, and the book will help traders develop and improve their mindset and goal setting daily. I have found the book very useful personally and highly recommend it.

I found Hedge Fund Masters to be a highly engaging and thorough account of the hedge fund industry writ large. You will learn important insights into the industry, its leaders and best practices that you simply wont find anywhere else. The book is a fast read and Kiev has done a superb job shedding light on what has been an opaque and highly secretive area of the business world. A must read for anyone involved - or looking to become involved - in the hedge fund industry.



Paul Hudson

New York, NY