Summary:
The book provides an in-depth analysis of hedge fund investing, exploring various strategies, risk management techniques, and the potential for achieving absolute returns regardless of market direction. It also examines the historical performance of hedge funds, the industry's structure, and the challenges and opportunities for investors seeking to diversify their portfolios with these alternative investments.
Key points:
1. Absolute Return Investing: This approach focuses on making positive gains no matter the market trend, using strategies like short selling and derivatives, unlike traditional methods that compare returns to a market index.
Books similar to "Absolute Returns":

Investing in Hedge Funds
Joseph G. Nicholas

The Invisible Hands
Steven Drobny

Investing For Dummies
Eric Tyson

Hedge Hunters
Katherine Burton

Investing 101
Michele Cagan

Momentum Masters
Mark Minervini

How I Invest My Money
Joshua Brown|Brian Portnoy

Inside the House of Money
Steven Drobny

The Acquirer's Multiple
Tobias Carlisle

Investment
Norton Reamer|Jesse Downing