Hedge Fund Grannies
Book Details
Description
Hedge Fund Grannies is a fast-paced, entertaining and enlightening novel about the inner workings of our financial markets and the causes of market booms, bubbles and busts.
Barely recovering from the last financial crisis, homeowners in a bustling commuting town outside New York City get incredibly lucky. They find themselves each owning a small piece of a suddenly valuable commodity growing on their front lawns. It’s not long before a parade of bankers, traders, hedge funds, brokers, short sellers, ETF's, foreign governments and big institutions join the quest to profit from this potentially disruptive biotechnology. The cable news network and social media cannot get enough of this story.
From the booths at Ben’s Deli, follow the fortunes, misfortunes, witty commentary and general antics of the town locals each morning before they head to work. How does Allie, town sweetheart, financially survive following the ill-timed purchase of a home improvement business? Can Gilbert and friends cash in on a shady real estate transaction? How do Auntie Ev and her Grannie friends hedge their holdings? Does penny broker Averill go legit and stop peddling snake oil stocks? Will Misty find true love AND a rich husband?
This entertaining novel is a primer on Wall Street in the 21st century, and also provides valuable lessons on understanding what causes markets to become overvalued.
