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Sebastian Mallaby Books

3 books·~30 min total read

Sebastian Mallaby is a British journalist and author known for his works on economics and finance. He has written for The Economist and The Washington Post and is a senior fellow at the Council on Foreign Relations.

Known for: More Money Than God: Hedge Funds and the Making of a New Elite, The Man Who Knew: The Life and Times of Alan Greenspan, The Power Law: Venture Capital and the Making of the New Future

Key Insights from Sebastian Mallaby

1

The Birth of a Revolution: Alfred Winslow Jones and the First Hedge Fund

The origin story begins in 1949, when Alfred Winslow Jones, a sociologist-turned-financial journalist, decided to test an idea. He wasn’t a Wall Street insider; he was an intellectual who believed that markets were inefficient, that prices often deviated from true value. To test this, Jones launched...

From More Money Than God: Hedge Funds and the Making of a New Elite

2

The Age of Mavericks: Steinhardt, Soros, and the Power of Conviction

The 1960s and 1970s ushered in a new generation of traders who transformed Jones’s quiet innovation into a stage for bold individualism. Figures like Michael Steinhardt and George Soros epitomized the emerging ethos of the hedge fund world: hyper-intelligent, self-assured, and unapologetically contr...

From More Money Than God: Hedge Funds and the Making of a New Elite

3

Early Life and Education

Alan Greenspan’s journey began in Washington Heights, New York City, during the Depression era—a time when scarcity sharpened intellects and ambition. His mother, Rose, encouraged discipline and study, while his father, Herbert, introduced him to the subtleties of economic reasoning. Young Alan show...

From The Man Who Knew: The Life and Times of Alan Greenspan

4

Formative Influences: Ayn Rand and Objectivism

In the 1950s, Greenspan found himself drawn into a circle of thinkers surrounding the novelist-philosopher Ayn Rand. This was the crucible in which his ideological identity was forged. Rand’s doctrine of Objectivism, with its emphasis on rational self-interest and moral defense of capitalism, appeal...

From The Man Who Knew: The Life and Times of Alan Greenspan

5

Georges Doriot Invents Modern Risk Capital

Every major financial industry begins with someone willing to look irrational before the world catches up. For venture capital, that figure was Georges Doriot, the Harvard Business School professor and immigrant entrepreneur who helped create American Research and Development Corporation after World...

From The Power Law: Venture Capital and the Making of the New Future

6

Silicon Valley Thrives on Productive Rebellion

Innovation often grows fastest where hierarchy is weakest. Mallaby shows that while the East Coast helped create venture capital, Silicon Valley turned it into a culture. California’s ecosystem encouraged experimentation, tolerated failure, and rewarded engineers who challenged corporate orthodoxy. ...

From The Power Law: Venture Capital and the Making of the New Future

About Sebastian Mallaby

Sebastian Mallaby is a British journalist and author known for his works on economics and finance. He has written for The Economist and The Washington Post and is a senior fellow at the Council on Foreign Relations. His books often explore the intersection of policy, markets, and innovation.

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Sebastian Mallaby is a British journalist and author known for his works on economics and finance. He has written for The Economist and The Washington Post and is a senior fellow at the Council on Foreign Relations.

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