—Richard L. Peterson, MD, Managing Director, MarketPsy Capital LLC; author, Inside the Investor′s Brain
"If an unholy offspring of Lester Bangs and Don Cherry traded and wrote a financial market diary, it might be something like the smart, hip, and crunching commentary hedge fund manager Keith McCullough delivers every day. Keith is on a short list of must–reads in a business filled with also–rans."
—Dr. Paul Kedrosky, Editor, Infectious Greed; Managing Director, IG Holdings; Senior Fellow, Kauffman Foundation
"Diary of a Hedge Fund Manager should be added to the list of must–read books on Wall Street. It is very rare that readers get this kind of insight into the world of what Wall Street calls the "smart money". McCullough′s exciting and inspirational story reinforces the fact that hard work pays off. The book does a great job of pointing out that, on Wall Street, common sense and hard work trump a PhD—without actually saying it. His honesty is refreshing and reminds us all that the giants of the hedge fund world are mere mortals. This story is one that both Wall Street and Main Street can relate to and learn from."
—Douglas M. Famigletti, CFA, Managing Director, Griffin Asset Management, Inc.
"Like Liar′s Poker and Fiasco before it, Diary of a Hedge Fund Manager offers a fascinating, funny, and frightening account of life on the Street. An indispensable account of how the financial–industrial complex destroyed so much of the ′value′ it purported to create."
—Dan Burrows, Senior Writer, DailyFinance
"The hedge fund world is notoriously secretive. But in Diary of a Hedge Fund Manager, Keith McCullough reveals what′s behind the curtain to show an industry that frequently is little more than a lot of smoke and mirrors, much the same way that Toto revealed the Great and Mighty Wizard of Oz to be nothing more than an ordinary man."
—Michelle Leder, founder and Editor, footnoted.org; author, Financial Fine Print
Chapter 1: Catch a Wave 9
Chapter 2: Shipping Out 17
Chapter 3: Welcome to the Jungle 29
Chapter 4: Snapshots from the Dot.Com Bubble 39
Chapter 5: Discovery 61
Chapter 6: Flying with the Giants 79
Chapter 7: Shifting for Myself 97
Chapter 8: Sucked In 115
Chapter 9: Worlds Collide 123
Chapter 10: Exile on Wall Street 139
Chapter 11: Lifting the Curtain 157
Chapter 12: The Great Squeeze 185
About the Authors 207
RICH BLAKE was the cofounder and executive editor of Trader Monthly magazine. He frequently contributes to CNBC′s Power Lunch and to Alpha and Portfolio magazines. Prior to the launch of Trader Monthly, Blake wrote for Institutional Investor. He is the author of two books, The Day Donny Herbert Woke Up and Talking Proud: Rediscovering the Magical Season of the 1980 Buffalo Bills.