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Diary of a Very Bad Year ─ Confessions of an Anonymous Hedge Fund Manager
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Where are you going to buy protection on the U.S. government's credit? I mean, if the U.S. defaults, what bank is going to be able to make good on that contract? Who are you going to buy that contract from, the Martians?
When does this begin to feel like less of a cyclical thing, like the weather, and more of a permanent, end-of-the-world kind of thing?
When you see me selling apples out on the street, that's when you should go stock up on guns and ammunition.
"A wonderful book. Diary of a Very Bad Year is a fascinating commentary on the crisis and a great read."---David Backus, Professor of Economics and Finance, NYU's Stern School of Business
"Diary of a Very Bad Year is a rarity: a book on modern finance that's both extraordinarily thoughtful and enormously entertaining. With memories of the fear that gripped Wall Street during the financial crisis already fading, this book shows us just what the crisis really felt like as it was happening, and serves as a healthy reminder of just how scary things got, even as it does a very good job of explaining what went wrong. More than that, though, this is a great portrait of a mind at work, giving us an inside look at someone trying to think straight in the midst of chaos. It's a terrific book."---James Surowiecki, author of The Wisdom of Crowds
When does this begin to feel like less of a cyclical thing, like the weather, and more of a permanent, end-of-the-world kind of thing?
When you see me selling apples out on the street, that's when you should go stock up on guns and ammunition.
"A wonderful book. Diary of a Very Bad Year is a fascinating commentary on the crisis and a great read."---David Backus, Professor of Economics and Finance, NYU's Stern School of Business
"Diary of a Very Bad Year is a rarity: a book on modern finance that's both extraordinarily thoughtful and enormously entertaining. With memories of the fear that gripped Wall Street during the financial crisis already fading, this book shows us just what the crisis really felt like as it was happening, and serves as a healthy reminder of just how scary things got, even as it does a very good job of explaining what went wrong. More than that, though, this is a great portrait of a mind at work, giving us an inside look at someone trying to think straight in the midst of chaos. It's a terrific book."---James Surowiecki, author of The Wisdom of Crowds
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