Through an interwoven series of entertaining and informative chapters, HedgeHogging reveals Biggs' experiences-with friends and acquaintances-over his investment years. Some of the material encompasses the highlights from his thirty-year career at Morgan Stanley, while many others parts are more recent and relate to the creation and investment endeavors of Biggs' hedge fund. Filled with in-depth insights and valuable lessons, the stories and events described throughout the book offer a rare glimpse of the investment business and the people who are a part of it.
Chapter 1 The triangle investment club dinner : hacking
through the Hedgehog Jungle
Chapter 2 The New Hedgehogs may have been golden boys,
but they still bleed red
Chapter 3 Short-selling oil : the crude joke was on us
Chapter 4 Short selling is not for sissies
Chapter 5 The odyssey of starting a hedge fund : a desperate,
frantic adventure
Chapter 6 The roadshow grind : blood, sweat, toil, and tears
Chapter 7 The run-up and haunted by remembrances and
doubt
Chapter 8 Hedgehogs come in all sizes and shapes 95
Chapter 9 The violence of secular market cycles 119
Chapter10 The battle for investment survival : only egotists
or fools try to pick tops and bottoms