Control Money (The Wealth Game in the Knowledge Economy Era)

Author: Andy Kessler (USA)
Publisher:
Publish Date: 2006-01-01
Features: The great tradition of the Industrial Revolution is coming to an end, while a new economic system centered around intellectual property and linked by capital markets has already taken shape. Therefore, only by observing the adjustment of the global industrial structure from the perspective of profit surplus rather than trade surplus can we break free from the biases of industrial economists and grasp the workings of money in the post-modern society. Mr. Kessler's goal is not to find companies that have already created breakthrough technologies, but to find companies that may develop new technologies—this is the way to create wealth. This book is a perfect blend of business and entertainment. —The New York Times
This book provides an in-depth analysis of the essence of entrepreneurship from both macro and micro perspectives. When the United States is searching for a way out of the economic recovery in the post-modern era, the emergence of this book is truly timely. —Forbes
Kessler's book teaches an important lesson. This lesson applies not only to hedge fund managers but also to anyone: the secret to success lies in discovering what you don’t know. —Financial Times
This is a fascinating investment diary filled with behind-the-scenes stories told by an insider. Through his sarcastic lens, author Andy Kessler takes readers on a rollercoaster investment journey, witnessing a variety of high-tech companies, hidden agendas of anonymous investors, and the shenanigans of venture capitalists in the internet wave. Kessler has held various jobs on Wall Street, from technical analyst to investment banker to venture capitalist, before finally founding a hedge fund to directly realize his investment philosophy. However, it’s not easy. He quickly realized that every investor needs to find their own edge, or else they will struggle to make any headway in the jungle of Wall Street funds. After a chance encounter and enlightenment from an unexpected stranger on a plane, the author begins to reflect on history and explore the essence of profit. In the end, Kessler finds three secrets to deciding whether to invest in a company: a large market, extraordinary "competitive advantages," and a business model to leverage these advantages. With these three secrets, he embarks on his own adventure to seek huge profits.