Running money: Hedge fund honchos, monster markets and my hunt for the big score is a book that makes a point about some of the pointlessness of investing strategies, and the author provides detailed accounts of his own experiences running a fund, which not only makes an interesting read, its seems like youre learning the lessons of the game as you go along. What the author felt was important was that no one can see into the future to know what a share of stock will be trading at (except at times feeling out a very short-term movement but its one heck of a way to live by staring at a screen all day thats not investing), but it might be possible to concentrate on real business trends that would hold for ten or more years that would impact a business. Seeing out to meaningful implications related to the business environment meant an escape from staring at a screen and investing on the basis of what would be important in a long-term sense. The author, and his partner in the fund didnt want to be tied down to a screen they had to find a way to articulate their edge to prospective investors. And eventually what you view as an edge will be commonplace and no longer the one thing you do better than anyone else. That may be the time to take a break from the game. The author ended the fund after a short but impressive track record.