WILEY The Hedge Fund Edge: Maximum Profit/Minimum Risk Global Trend Trading Strategies

There is so much information in this book that it demands at least two readings. First, there is a wealth of material on trading. The chapter on technical analysis and reading the markets is solid and contains some good tips I've not found elsewhere. There is an entire chapter on containing risk, a large focus of which is money management--this information is worth the price of the book in itself.Boucher also offers good material on selecting equities, evaluating other asset classes, and yes, hedge funds. However, the material on hedge funds does not take up a huge amount of space, and at first I wondered why he gave the book the title it has. I have since concluded that the title reflects his overall strategy, which is one of limiting risk by spreading ones' investments among many types of securities and asset classes, both onshore and offshore.Aside from the above mentioned material, however, Boucher also has a couple of chapters on basic economics which I found to be invaluable background information for traders (like me) without business or economic degrees. His description of the liquidity cycle is brilliant. He explains the economic theory of Austrian alchemy, and shows how that model makes better sense than Keynesian economics. He has also provided data to convince me (a social liberal) that corporate taxes have a negative effect on a nations' citizenry.This book requires dedication to get through certain sections, but it is well worth it. Its strength is its clear elucidation of trading information and techniques, supported by a foundation of economic theory and historical data, which enables the reader to understand the context in which s/he trades.

Good Book

I always wanted to understand macro perspective at a deeper level to guide my trading at micro/technical level - the way Mark has laid out the content and how he has built up evidence over decades of charts has built confidence that i can trade weekly or daily by keeping the bigger picture and market direction in perspective from global macro standpoint. Recommend this book to anyone who wants to trade seriously with market and macro wind at their back..

Like many books written by practitioners, "The Hedge Fund Edge" provides some insight as to how one man makes his living, warts and all. By warts, I mean specious reasoning by the author. One of the warts in this book is a misunderstanding of basic macroeconomics. For example, Boucher presents capital input growth as productivity growth. The 'models' presented in the book are vapid space filler and could have been taken from an undergraduate's class presentation. All of the models could have been summarized neatly on one page rather than several dozen. Also, there are multiple typographical errors and citation errors throughout the book.The author likely used the phrase 'hedge fund' to tap into a hot topic in order to sell more books. This book is not about hedge funds, it's about global macro trading. You can learn more about global macro trading in the preface to Soros' "Alchemy of Finance" than you'd get out of this entire book.

Really enjoyed this title as an introduction to macro investing. Discusses macro factors, timing models for each asset, portfolio composition, general rules for vehicle selection, and technicals. Well-written full and complete guide.10/10