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Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager Paperback – June 22, 2010

4.5 4.5 out of 5 stars 190 ratings

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Editorial Reviews

From Publishers Weekly

Expanding on a 2007 interview in the literary magazine n+1, editor and interviewer Gessen draws together two years' worth of interviews with a despairing anonymous hedge fund manager. HFM, as Gessen calls him, didn't go to business school or major in economics, but has been working successfully in hedge funds for over a decade. With some context provided by Gessen, HFM schools readers in the stories behind the death of Bear Stearns, the collapse of Lehman Brothers, the plunging dollar, the bailouts, the Madoff scandal, and, finally, the upswing. Though it's interesting to have a personal take on the tumultuous past two years—and HFM ends the interviews when the stress finally drives him to take a semisabbatical—the decision to tell this story in an interview format is tricky and ultimately unsuccessful; the choppy transcription format distances readers from the ideas at hand, and the points lose their punch. Fans of the original article will find this expansion compelling, but other readers curious about the factors behind the crash will do better elsewhere. (July)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From Booklist

This book is a series of interviews with an anonymous hedge-fund manager (HFM) by the co-editor of a literary magazine (who admits to being ill-informed on finance); he sets out to understand what is happening on Wall Street. The HFM offers a brilliant financial professional's view of the economic situation in real time, from September 2007, when problems in financial markets began to surface, until late summer 2009, when the financial meltdown generally subsided and the financial community went back, in HFM's view, to business as usual. With definitions of financial terms and products, and explanations of domestic and global issues as they occur, HFM draws from his decade of nonstop work as a hedge-fund manager to educate the interviewer and us as the financial crisis unfolds. This is a great read. The interviews are edited in a readily understandable manner and will provide a thoughtful perspective for a wide range of library patrons who want to learn about the recent financial debacle. --Mary Whaley

Product details

  • Publisher ‏ : ‎ Harper Perennial; 1st edition (June 22, 2010)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 260 pages
  • ISBN-10 ‏ : ‎ 0061965308
  • ISBN-13 ‏ : ‎ 978-0061965302
  • Item Weight ‏ : ‎ 7.7 ounces
  • Dimensions ‏ : ‎ 5.31 x 0.61 x 8 inches
  • Customer Reviews:
    4.5 4.5 out of 5 stars 190 ratings

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Customer reviews

4.5 out of 5 stars
4.5 out of 5
We don’t use a simple average to calculate the overall star rating and percentage breakdown by star. Our system gives more weight to certain factors—including how recent the review is and if the reviewer bought it on Amazon. Learn more
190 global ratings
Book was great; not great that merchant sent a not-for-sale uncorrected proof
3 Stars
Book was great; not great that merchant sent a not-for-sale uncorrected proof
Bought on recommendation since it's been 10 years since the GFC. Book was outstanding and personally enjoyed it, would definitely add my recommendation for it, too.Book I received was an uncorrected proof, marked as "Not For Sale" (refer to pictures). Wasn't worth following up with a return and waiting for a reship, since it didn't hinder the reading experience, but not a great outcome in terms of product fulfillment.
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Top reviews from other countries

G
5.0 out of 5 stars Great book! Really enjoyed it!
Reviewed in the United Kingdom on February 11, 2016
Alison Drummond
5.0 out of 5 stars Real-time account of the financial meltdown
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Madzishe
1.0 out of 5 stars Poor
Reviewed in the United Kingdom on August 16, 2010
One person found this helpful
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