Katherine Burton's Hedge Hunters

Certainly an interesting book, Burton investigates "the Rewards, the Risk, and the Reckoning" from the perspective of the top hedge fund managers in the industry.

Through her extensive interviews with these managers, she uncovers their attitudes as well as their advice and recipes for success:

• Financial stamina and conviction to hold positions against the market (short sellers)
• Doing your homework (and more homework if you are in doubt)
• Unrolling losing positions faster (admitting you are wrong)
• Decision making ability is the characteristic quality between making the jump from analyst to portfolio manager
• Just because they make it look easy doesn't mean it is. Many managers derive their skills from a broad range of backgrounds, but the common trend is they used their knowledge and skills to better arbitrage risk that others don't understand

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