Summary of Inside the House of Money

Top Hedge Fund Traders on Profiting in the Global Markets

First Edition: 2006 more...

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Inside the House of Money book summary
Meet the hedge fund managers who find great investment opportunities all over the world. They make money and they lose it.


7 Overall

6 Applicability

7 Innovation

7 Style


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.


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...
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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.

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