Hedge fund managers who survived and profited through the 2008 financial crisis share their secrets In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Hedge fund managers who survived and profited through the 2008 financial crisis share their secrets In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Foreword to the 2011 Edition by Nouriel Roubini ix Foreword to the 2010 Edition by Jared Diamond xiii Preface xix Preface to the 2011 Edition xxiii Preface to the 2010 Edition xxvii PART ONE REAL MONEY AND THE CRASH OF ‘08 1 Chapter 1 Rethinking Real Money 3 Chapter 2 The Family Office Manager: Jim Leitner, Falcon Management 33 PART TWO THE INVISIBLE HANDS 57 Chapter 3 The House 59 Chapter 4 The Philosopher 91 Chapter 5 The Bond Trader 129 Chapter 6 The Professor 149 Chapter 7 The Commodity Trader 185 Chapter 8 The Commodity Investor 215 Chapter 9 The Commodity Hedger 249 Chapter 10 The Equity Trader 279 Chapter 11 The Predator 307 Chapter 12 The Plasticine Macro Trader 329 PART THREE FINAL WORD 365 Chapter 13 The Pensioner 367 Conclusion 391 Acknowledgments 395 Bibliography 399 About the Author 407 Index 409