Summary of Sebastian Mallaby's More Money Than God

Please note: This is a companion version & not the original book.

Sample Book Insights:

#1 The hedge-fund managers of the second gilded age are not new, and they are not unique. They are the descendants of the hedge-fund managers of the 1960s boom, who were described as being secretive and arrogant.

#2 Alfred Winslow Jones, the founder of the first hedge fund, was a unlikely Wall Street patriarch. He had experimented restlessly with multiple careers, and in 1949 he invented his hedged fund. He was cut from different cloth than his competitors.

#3 Jones was posted to Berlin in December 1930, and he met Anna Block, a socialite and left-wing anti-Nazi activist. They married in secret, but the union was soon discovered by his embassy colleagues. The divorce forced his resignation from the State Department in May 1932.

#4 As a sociologist and journalist, Jones was able to navigate the turmoil in America and come out more levelheaded than before. He wrote a book in 1941 titled Life, Liberty, and Property, which was a standard sociology textbook.