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

4.4 out of 5 stars 83 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
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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:
    4.4 out of 5 stars 83 ratings

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Customer reviews

4.4 out of 5 stars
4.4 out of 5
83 global ratings

Top reviews from the United States

Reviewed in the United States 🇺🇸 on July 15, 2012
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Reviewed in the United States 🇺🇸 on July 29, 2010

Top reviews from other countries

Lancasterke
4.0 out of 5 stars Easy read
Reviewed in the United Kingdom 🇬🇧 on September 23, 2019
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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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
Reviewed in Canada 🇨🇦 on December 11, 2013