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Title: Pretty Worthless
Review: This book offers little new insight into the world of high-level money management. One chapter is devoted to how a fund manager got stuck short oil and it blew up in his face. While I did enjoy thinking about him fading the market the whole way up, there is already ample literature stating that good traders must exit losers, even when they think the market is "mispriced."This book really went nowhere, and was nothing more than a cluster f*** of poorly told war stories.Drobny's "Inside the House of Money" is a much finer alternative for those interested in learning how large funds attempt to manage risk.
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