Summary of Inside the House of Money

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

Inside the House of Money book summary
Start getting smarter:
or see our plans

Rating

7 Overall

6 Applicability

7 Innovation

7 Style


Recommendation

This fascinating book will take you into the world of current global macro investing. Steven Drobny interviews 13 successful traders, analysts and fund managers who participate in global macro investing in many different ways. Although some of the discussions are technical (but never mathematical), they are readable and easy to understand. Drobny also provides some information on the origins and early years of global macroeconomic investing, from John Keynes to George Soros. He talks to his interviewees about their backgrounds and asks their investment advice. His question-and-answer approach keeps things moving. getAbstract enjoyed Drobny’s descriptions of the people he interviewed, though the interview-style format leads to somewhat choppy data. This book is surprisingly fun for what could have become a very dense, technical tome in less skilled hands.

In this summary, you will learn

  • Why global macro investing is difficult to define;
  • How hedge fund managers use macroeconomic conditions to earn large risk-adjusted returns; and
  • What hedge fund experts say about the skills you need to be a trader.
 

About the Author

Steven Drobny has worked in various countries for a major international bank’s hedge fund group, and is co-founder of a consultancy that provides macroeconomic research to leading global hedge funds.

 

Summary

What Is Global Macro Investing?
While no standard definition of global macro investing seems to exist, the circular explanation is that it is investing based on global macroeconomic conditions. Global macro investors attempt “to generate outsized positive returns by making leveraged bets...

More on this topic

Customers who read this summary also read

A Gift to My Children
A Gift to My Children
7
Warren Buffett's Ground Rules
Warren Buffett's Ground Rules
8
The Fall of China’s Hedge-Fund King
The Fall of China’s Hedge-Fund King
7
Penny Stock Chronicles
Penny Stock Chronicles
8
Investment
Investment
7
Millionaire Teacher
Millionaire Teacher
8

Related Channels

Comment on this summary