Title: Hedge Hogs: The Cowboy Traders Behind Wall Street’s Largest Hedge Fund Disaster Author: Barbara T. Dreyfuss Pages: 320
This book is a salutary example of how traders who believe they are super-smart might be nothing more than lucky, and how there is nothing so intoxicating as the ability to speculate with other people’s money. An insider’s story on how hedge funds are playing high-stakes poker for massive personal profits and stealing the American Dream from average families. This is a case study that cries out for tougher crackdowns on the derivatives game. In Hedge Hogs, Barbara Dreyfuss reveals in forensic detail how Hunter carried out a speculative assault on the highly vulnerable U.S. energy market. Hedge Hogs is a great read for those interested in an introduction to the games often played by energy traders, as well as Wall Street veterans who think they know everything there is to know on this subject. Hedge Hogs is not merely the definitive take on the largest hedge fund collapse in history—it is a window into how the financial system came unstuck. Once you start reading this book you will not be able to put it down.