How to Make a Million Dollars an Hour
Why Hedge Funds Get Away with Siphoning Off America's Wealth
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- $14.99
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- $14.99
Publisher Description
How hedge funds make money by taking it from the rest of us?and how you can join them!
Top hedge fund managers make more than Oprah, Rupert Murdoch, and A-Rod combined?but they aren't running news and entertainment empires or playing baseball for the New York Yankees. Aren't you curious about how these hedge fund dudes make so much doing who knows what? You may even wonder if you can get there, too. After all, this is America!
This book gives you the answers in a twelve-step guide to accumulating vast riches the way hedge fund managers do?by playing trillion-dollar poker with a marked deck. Through each easy step, you'll learn the sleight of hand and disregard for basic morality you'll need to move from making tens of dollars an hour to millions an hour! Along the way, you'll also question whether these hedge fund moguls make markets work better?as they and their apologists insist?or cause instability, siphon off capital, and destroy value without adding so much as a single widget to the economy.
Takes a fascinating tour of the wild side of fantasy finance to explain just how hedge fund managers make so much money?and whether or not the million-an-hour crowd produces anything positive for society and the economyTeaches you hedge fund secrets that make it possible to pull down astounding sums in the space of minutes?from rigging your bets to milking millions in special tax breaks?if you're willing to bankrupt your morality for the cashCounters many of the most common arguments about why speculating in financial markets is somehow "worth more" than creating entertainment, electronics, or consumer goods that consumers wantWritten by Les Leopold, the popular AlterNet writer and author of The Looting of America
PUBLISHERS WEEKLY
As the average American struggles to keep up with the costs of basic necessities, top hedge fund managers earn 20,000 times more per year than the average pediatrician. Leopold (The Looting of America) is fired up about this gross inequality. While some readers may find his impassioned claims sensational, he meticulously cites reputable sources and fuels the reader's fire at the same time. He cites annual and hourly income for the mega-rich such as Oprah Winfrey, Steven Spielberg, and Elton John, whose fortunes pale in comparison to top hedge-fund managers, some of whom earn millions of dollars per hour. Leopold offers a sardonic list of dos and don'ts for wannabe hedge fund managers such as "Don't worry if wealth gushes to the top. That's just more money for your casinos." Despite the hoopla, Leopold offers insight into the barely regulated realm that controls much of the country's wealth, describing such methods as jumping ahead of average investors' trades to buy securities before average investors do, and then sell to these same investors at a higher price. Unfortunately, Leopold doesn't provide many suggestions on how the system can be changed to create a more balanced playing field.
Customer Reviews
Interesting Information
Very enlightening book that gives a visual of the recent economic situation. If you're interested in the uber-society....buy this book!