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Some good ideas, but sloppy writing and zero editing
on October 3, 2011
The book provides a discussion of various things to consider when starting a hedge fund. While the advice is generally sound, much of it is facile in nature.
Also, and this is the most annoying part of this book, Wilson has simply printed transcripts of interviews he conducted with numerous industry participants. If Wilson truly is an expert, he should take the time to distil the key points from these interviews and then couple them with his own views and write clear compelling chapters. Instead, he devotes pages and pages to interviewee bios, greetings ("Thanks for meeting with me"), and self-congratulatory comments ("That's a great point, Bill! I couldn't agree more").
In a further effort to increase the page count, he also pads it out with useless end of chapter summary questions and a long FAQ section. If those FAQ's are worthy of inclusion in the book, surely it would be useful to weave their content into the relevant chapters rather than simply bolting them on as the final chapter.
In the book, Wilson advises budding hedge fund managers to make sure they've got a killer Powerpoint pitch that is concise. Frankly, he should have taken his own advice and shortened this book to about a 20 page brochure or Powerpoint. But then it would be tough to command 'hardcover' book prices.