Nassim Taleb most recently . . I've read tonnes of trading books . . that's really all I read I graduated. Really if you name it I can tell you if I read it or not. It's just the way Soros writes. The ideas are very incronguent . . . If you want some examples I can crack it open . . .I probably have it marked where I stopped reading. . .
Would you mind to share a list of books that are written by real operators of hedge funds? I would appreciate that. TIA.
Julian Robertson: A Tiger in the Land of Bulls and Bears http://www.amazon.com/gp/product/04...TF8&coliid=I3I15VZYTZBYVM&colid=3AXU5UF4BAJ1B No Bull: My Life In and Out of Markets http://www.amazon.com/gp/product/04...TF8&coliid=I2FKP8IZRGI5ZG&colid=3AXU5UF4BAJ1B
Q "Too much life story, not enough trading - a disappointment. ... In contrast with "Reminiscences of a Stock Operator", Soros' "Alchemy of Finance", and the "Market Wizards" books, "No Bull" is disappointingly lightweight and lacking in insight." "The book should be sub-titled "my life outside of the market". " UQ Probably Soros would be the only one detailing so much trade activities.
Yeah it's not exactly Total Recall . . . Again the thing about the Soros book is that, when he wrote the book he was trying to recreate standing over his shoulder almost like a hologram . . . it was to great a task . . .the book lacks the hands on experience . . . I mean obviously . . Reading Alchemy of Finance will not teach you how to be a better trader . . it leaves you wishing you were in the markets in the early 80's There are many other books written by HF guys . . I don't know any off the top of my head though
Patton, ... "Rommel, you magnificent bastard. I read your book." Enough said. --- Paul Tudor Jones II (The Alchemy of Finance, George Soros, Page 2 Foreword)
Something was wrong in that last post (short yen must = short USD/JPY). Anyways, in the example from Soros he is simply long DM/JPY -- I don't know where "fully hedged" comes in, because a pair like that moves.
woops sorri. i was simply making the point that if the underlying USD value of the 2 positions are the same then he should be hedged to underlying fluctuations in the USD.
It's late but . . we're back where we started right? from the excerpt, the best we've got is that: Soros has no exposure to the USD? And this is what he meant by "fully hedged"?