Operating Money: The Wealth Game in the Knowledge Economy Era

Author: (USA) Kessler, A. (Author), Zhang Zhili, Zhou Nianyang
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 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 seeking a way out of the economic recovery in the post-modern era, the appearance 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 of 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 insiders. Author Andy Kessler takes readers on a rollercoaster investment journey through his cynical eyes, showcasing a variety of high-tech companies, hidden agendas of anonymous investors, and venture capitalists maneuvering in the tide of the internet. Kessler has held various jobs on Wall Street, from technical analyst to investment banker to venture capitalist, and finally founded a hedge fund to directly realize his investment philosophy. However, it’s not easy. He quickly discovered that every investor needs to find their own edge, or else they can barely survive in the jungle of Wall Street funds. After a chance encounter with a wise 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 decide 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.