More Money Than God

Mallaby’s history of hedge funds from A.W. Jones through Soros, Steinhardt, Robertson, Simons and Paulson — each chapter a different theory of where an edge comes from.

Why it’s on the list: Named in the replies to @WillManidis asking for the single best book that explains an entire industry — a crowd-sourced list Kyle recovered by hand and saved. Mallaby’s other book, The Power Law, is one Kyle has already read.

Where I saw it: In the replies to @WillManidis asking “what is the single best book you can read that will explain an entire industry?” (June 2, 2025). Kyle recovered the reply list by hand and saved it to his “Books To Read” Apple Note; the full transcribed list lives on what is the single best book… (tweet).

Connections

• what is the single best book… (tweet) — the thread this came out of; the full recovered list lives there.
• Hedge Funds — the industry the book explains.
• Capital Allocation — the portfolio idea this sits closest to.
• The Power Law — Venture Capital & the Making of the New Future — the same author’s venture-capital book, already read.