Happy Friday! To finish the week I am going to leave you with this months book club recommendation. I know a lot of traders are all working from home instead of offices leaving you with no commute to spend time reading but I like to keep things regular on this blog so here we go.
This months book recommendation is The Alpha Masters: Unlocking the Genius of the World’s Top Hedge Funds by Maneet Ahuja.
From Amazon – Written by Maneet Ahuja, the hedge fund industry insider, The Alpha Masters brings the secretive world of hedge funds into the light of day for the first time. As the authority that the biggest names in the business, including John Paulson, David Tepper, and Bill Ackman, go to before breaking major news, Ahuja has access to the innermost workings of the hedge fund industry. For the first time, in Alpha Masters, Ahuja provides both institutional and savvy private investors with tangible, analytical insight into the psychology of the trade, the strategies and investment criteria serious money managers use to determine and evaluate their positions, and special guidance on how the reader can replicate this success themselves.
This book is great, I liked it a lot because it features a wide variety of industry professionals who all have different trading and investing styles and are all considered highly successful in their fields. John Paulson is famous for successfully shorting the markets during the 2008 financial crisis and Bill Ackman is arguable the worlds most famous “activist investor”.
There is a lot of crap content out there and “fake gurus” selling educational material so I think it is even more important now to make sure you are learning from those who have actually been there and done it. This book features those very people.
Both paperback and e-book copies can be purchased via the links below.
Paperback Edition – https://amzn.to/3kj7w7w
Kindle Edition – https://amzn.to/3ibYK9s