How To Make A Million Dollars An Hour (Book Review)

how to make a million dollars an hour book review

Find out why How To Make a Million Dollars an Hour is worth reading…

How to Make a Million Dollars an Hour by Les Leopold is about “Why Hedge Funds Get Away with Siphoning off America’s Wealth.”

How To Make a Million Dollars an Hour is a satirical but compelling look at what it takes to manage a hedge fund in America. Les Leopold gives you a tongue-in-cheek yet very in-depth look at how hedge fund managers make such obscene amounts of money. So…

If you want to learn how To make a million dollars an hour, then this book is definitely worth a read. It’s a fun book that can help bring the financially-minded back down to earth. And since I’ve just finished reading How To Make a Million Dollars an Hour I’m happy to share my thoughts in this book review so you can see if How To Make a Million Dollars an Hour is the right book for you.

An Overview of How To Make a Million Dollars an Hour:

How to Make a Million Dollars an Hour is a great book because it takes a cold hard look at how the top tier of the financial industry works. It reveals the tips and tricks the top hedge fund managers use to earn copious returns. So if you’re curious to learn more about how hedge fund managers are able to make so much money then you will really like How To Make a Million Dollars an Hour.

How To Make a Million Dollars an Hour starts off by showing exactly how much money the top hedge fund managers have recently made. The book also compares the incomes of hedge fund managers to film directors, professional athletes and other celebrities. The difference is astounding: hedge fund managers make WAY more money than even the top Fortune 500 CEOs. And since the book was published after the financial-crisis, the analysis of hedge fund manager income is even more pertinent.

But How To Make a Million Dollars an Hour doesn’t stop there...

How To Make a Million Dollars an Hour goes beyond how hedge fund managers make so much money, it also spends a lot of time discussing the economic (and social) value of hedge funds. This is the part of Leopold’s book that I found especially interesting.

The Best Part About “How To Make a Million Dollars an Hour”:

How to Make a Million Dollars an Hour does a great job showing the (sometimes illegal) tricks of the trade that hedge fund managers use to make an incredible amount of money. But for me the best part of the book wasn’t just talking about how the hedge fund managers make millions of dollars each day, it was the discussion of the economic and societal value the hedge fund industry creates (or, more accurately, destroys).

As a fledgling investor, I’m interested in understanding the impact of my actions. And while I don’t aspire to be  hedge fund manager in the truest sense of the word, I do want to manage more and more money in my portfolio. And I often wonder about the impacts of my investing actions, as well as the economic value high frequency traders actually bring to the world. So I was very happy to see that this is something How To Make a Million Dollars an Hour focuses on in detail.

And while there are a lot of hedge fund apologists and lobbyists out there arguing for the value of hedge funds, How To Make a Million Dollars an Hour takes the opposite side of the argument. The book does a very compelling job debunking a lot of the myths around the value of hedge funds. At the end of the day…

How To Make a Million Dollars an Hour really makes you think about whether or not hedge funds, and the financial services industry in general are doing good for society and humanity as a whole. To be sure, there is a ton of value in efficient capital markets. But How To Make a Million Dollars an Hour shows why there is diminishing and even negative returns when the deregulation of financial services is taken too far.

This stark look at hedge fund managers and the economic and societal impacts of their egregious incomes was an eye-opening perspective that I enjoyed. How To Make a Million Dollars an Hour has given me a lot of food for thought that I’m sure I’ll reflect on for many years after reading this book.

But while How To Make a Million Dollars an Hour was an enjoyable read, it might not be for everyone.

What “How To Make a Million Dollars an Hour” Omits:

How to Make a Million Dollars an Hour is a great book that gives an in-depth view of the financial system. But (despite the title) the book doesn’t actually tell you how to make a million dollars an hour, as much as it criticizes those who do. So…

If you’re looking to learn specific trading techniques or learn the explicit steps in the career path of a hedge fund manager you might be better off reading biographies like Cramer’s Confessions of a Street Addict (which is mentioned at length in How To Make a Million Dollars an Hour). This book is a little bit more introductory in scope and while it provides an informative overview of the industry, it’s probably not a how-to

How To Make a Million Dollars an Hour – The Final Word:

How To Make a Million Dollars an Hour is an entertaining and enjoyable read. It gives a lot of great insight into how the financial industry works. That’s why I can recommend you buy How to Make a Million Dollars an Hour on Amazon. And even if you only have a cursory interest in the financial system this book provides a very great summary.

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