How to Make a Million Dollars an Hour and over one million other books are available for Amazon Kindle. Learn more
Qty:1
  • List Price: $25.95
  • Save: $6.15 (24%)
FREE Shipping on orders over $35.
Only 4 left in stock (more on the way).
Ships from and sold by Amazon.com.
Gift-wrap available.
+ $3.99 shipping
Used: Like New | Details
Condition: Used: Like New
Comment: Unread copy in perfect condition.
Sell yours for a Gift Card
We'll buy it for $2.00
Learn More
Trade in now
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See this image

How to Make a Million Dollars an Hour: Why Hedge Funds Get Away with Siphoning Off America's Wealth Hardcover – January 1, 2013


See all 3 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle
"Please retry"
Hardcover
"Please retry"
$19.80
$14.74 $15.55
Best%20Books%20of%202014


Frequently Bought Together

How to Make a Million Dollars an Hour: Why Hedge Funds Get Away with Siphoning Off America's Wealth + The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do about It
Price for both: $34.26

Buy the selected items together
NO_CONTENT_IN_FEATURE

Holiday Deals in Books
Holiday Deals in Books
Find deals for every reader in the Holiday Deals in Books store, featuring savings of up to 50% on cookbooks, children's books, literature & fiction, and more.

Product Details

  • Hardcover: 272 pages
  • Publisher: Wiley; 1 edition (January 1, 2013)
  • Language: English
  • ISBN-10: 1118239245
  • ISBN-13: 978-1118239247
  • Product Dimensions: 6.4 x 0.9 x 9.5 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (39 customer reviews)
  • Amazon Best Sellers Rank: #447,756 in Books (See Top 100 in Books)

Editorial Reviews

Review

""Les Leopold’s latest masterpiece . . . is necessary, alarming and really funny. His talent for deconstructing complex financial terms and topics constitutes a public service. What he reveals in How to Make a Million Dollars an Hour, in a sardonic and appropriately irreverent tone, is something more ominous.” —Nomi Prins, Truthdig.com

From the Inside Flap

How long would it take you to make a million dollars? If your answer is "More than an hour," you're in the wrong line of work. In How to Make a Million Dollars an Hour, you'll discover how to make it to the top of the Forbes list without founding a major corporation, making People's most beautiful list, or even playing for the New York Yankees. All you have to do is become a hedge-fund manager.

In no time, with the help of this ultimate guide, you can understand how these lucky Americans started making more money than Oprah, A-Rod, and Rupert Murdoch combined. After three decades of increasing productivity, stagnating wages, and soaring profits, not to mention all those jobs that disappeared in the financial meltdown of 2008, there is plenty of money floating around with no place to go but into your pocket. All it takes is convincing a few very rich people that you can make them even richer.

You'll learn how to play the game like these masters of speculation:

  • Create something they can pretend is low risk and high return
  • Place risky bets using other people's money
  • Bet on the race after they know who won
  • Rip off entire countries (because that's where the really big money is)
  • Milk millions more in special tax breaks
  • Claim that limits on speculation will kill jobs

Yes, some of this might sound a bit unsavory, perhaps even immoral, but would you care if you were making a million dollars an hour doing it?

On the other hand, you might suspect that hedge funds do nothing but siphon off money that could be put to better use, and that they may actually undermine our economy and our democracy. Perhaps you fear that some hedge funds may be investing in illegal activities, such as arms smuggling, or that they may drive up energy and food prices through speculation. If so, How to Make a Million Dollars an Hour answers all of your questions and many more that you hadn't thought to ask. It offers a rare glimpse behind the golden veil, where you'll discover hedge-fund secrets that make it possible to pull down astounding sums in the space of minutes—as long as you're willing to bankrupt your morality for the cash.


More About the Author

After graduating from Oberlin College and Princeton University's Woodrow
Wilson School of Public and International Affairs (MPA 1975), Les
co-founded and currently directs two non-profit educational
organizations: The Labor Institute (1976) and the Public Health
Institute (1986). He designs research and educational programs on
occupational safety and health, the environment and economics. He also serves as a strategic consultant to the Blue-Green Alliance which brings together trade unions and environmental organizations. Leopold is the author of "How to Make a Million Dollars an Hour: Why Financial Elites get away with siphoning off America's Wealth" (John Wiley and Sons, 2013), "The Looting of America: How Wall Street's Game of Fantasy Finance destroyed our Jobs, Pensions and Prosperity, and What We Can Do About It," (Chelsea Green Publishing, June 2009), and "The Man Who Hated Work and Loved Labor: The Life and Times of Tony Mazzocchi," (Chelsea Green Publishing, 2006.)

Customer Reviews

All together a fairly easy and very enjoyable read.
T. Thomas
As I tell my children, you have to be one of the good guys, because there's way too many of the bad.
Oliver Wyman
A 401K is the poor people's hedge fund but that's OK by him.
ZakkisGod

Most Helpful Customer Reviews

19 of 21 people found the following review helpful By Laura McClure on February 10, 2013
Format: Hardcover
Once again, Les Leopold has managed to turn an investigation of a complex subject - hedge funds -into a completely entertaining and eye-opening read.

Leopold is your friendly, funny companion as he walks you through the looking-glass world of hedge funds. The quest: to find out what on earth hedge fund managers do to earn a million dollars an hour. (Yep, a million dollars an hour. Unfathomable!)

Along the way, you learn what a hedge fund is, the changing rules of the game that have allowed these mysterious entities to flourish, some tricks of the trade (from bet-rigging to wangling amazing tax breaks) and how hedge funds helped set off the 2008 economic collapse. In lucid language, Leopold lays it all out, offering plenty of fun detours, including closeups of some of the hedge fund world's most colorful characters, from Jim Cramer to Raj Rajaratnam.

At a time when our politicians and the media are trying to convince us that essential public services must be cut in the interest of deficit reduction, Leopold shines a bright light on some of our real economic problems: namely, our obscene income disparity, the dangerous financialization of our economy, and a political system that allows a handful of people to play dangerous games with our money, put our whole economy at risk, throw millions out of work -and then walk away with shocking amounts of cash.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
13 of 17 people found the following review helpful By Oliver Wyman on March 27, 2013
Format: Hardcover
I am the narrator of the audio version of this book. This is the e-mail I wrote to Les:

Dear Les,

I just wanted to say thank you for writing "How to Make a Million Dollars an Hour". I finished recording it for Audible.com last week and while I was horrified and outraged to learn that the financial sector is in fact worse than I had previously imagined (and I had imagined it was pretty awful, believe me), I was truly heartened by the fact that there are people like you and Professor Fleischer out there trying to combat these sociopathic money-addicts. For the most part the hardest thing about narrating your book was keeping the angry tone out of my voice, though certainly there were times when it was warranted. I tried my best to keep it light and sarcastic, but clearly I had to lend some venom to some of the more acerbic comments. I enjoyed that immensely.

I really hope that you are happy with what I did with your words. I am honestly very proud of the fact that I have been involved in this project, as I think your book has an important message that needs to reach as many people as possible. It is incredibly satisfying for me to have the opportunity to speak with passion and conviction about such crucial and consequential issues. I am a hopeless optimist with very little faith in mankind, so it is always a pleasure to find someone out there fighting the good fight. As I tell my children, you have to be one of the good guys, because there's way too many of the bad.

Thanks for being one of the good guys.

Yours truly,

Ollie Wyman
2 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
8 of 10 people found the following review helpful By Richard Van Wagenen on February 26, 2013
Format: Hardcover Verified Purchase
Reading this devastating critique of the hedge-fund world, I was reminded of the old musical, "How to Succeed in Business Without Really Trying." Les Leopold puts you in the place of the Robert Morse character and takes you on an entertaining guided tour of "high" finance. But between the chuckles you find your blood boiling as you learn how high-speed trading distorts markets and rips off ordinary investors, how traders work to ruin companies so they can profit from short sales, and how the tax system encourages this kind of predation. The author leaves you not knowing whether to laugh or cry. He avoids the shrill anti-capitalist rhetoric that Wall Streeters like to call "class warfare," showing instead how some financial and investment practices hurt the middle class and the democracy it makes possible. Like his previous "The Looting of America," this book should be read not only by progressives but by all investors.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Hardcover
Do you remember when Twinkies cost a nickel? A package costs $1.59, often on sale, 10 for $10.00. I worked for a bank when the news that banking was de-regulated and have watched the change of the ordinary trader into the SuperTrader of today, I know how its affecting me. Recently my broker suggested I change my strategy and I did accept the change. I had been invested in about 10 stocks and funds but the new strategy required selling everything and investing the funds in 48 new choices that would be 're-balanced' constantly. This was a shock to me. How could I know enough to keep track of my own funds?
To me, the term, 'hedge funds' is self explanatory, it means the application of a strategy so that you, the investor won't lose money, or at worst won't lose much, i.e., you can 'hedge your bets'. It won't matter if the stock price goes up or down, some movement will tend towards generating a profit. Using puts, calls, options, short selling, derivatives and of course the latest statistical analysis techniques, its close to a 'win/win' situation. By becoming a well informed day trader, then a Super Trader, etc much risk is removed and from what I've read this book gives some background but not enough. The old style of investing, 'keep the investment for the long term' is not as likely to experience the kind of profit the Super Trader
can expect.
Before the big crash, many of my fellow employers at a giant airplane corporation were day traders, and they made a lot of money, until the rules changed rather slowly, beginning with a change of focus: raising the price of stock replaced the idea of earning money by manufacturing and selling a product.
I'm going to buy the book as a gift, after reading what I could on the Amazon site.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Most Recent Customer Reviews