James Altucher’s new “Trade Like a Hedge Fund” book is excellent. While the title might seem a little off-putting, like a “…for Dummies” book aimed at jejeune hedge fund managers, the book is among the very best of its (admittedly narrow) kind.
In the book, James (a fellow columnist at RealMoney) divulges in tradable detail a range of real-world strategies used by quantitative hedge fund shops to generate positive returns in good times and in bad. The strategies range from one-sided pairs trading, to QQQ crash systems, and so on. James is a smart, creative fellow, and if you have any interest in disciplined short-term strategies in the markets, this is a must-read.