The Secret Club That Runs the World

Inside the Fraternity of Commodities Traders

Author Kate Kelly
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Paperback
$24.00 US
On sale Jun 16, 2015 | 288 Pages | 9781591847137

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“Thanks to this gripping new book … we know more about how they do it. And it’s even more shocking than you think.” —The Independent

When most people think of the drama of global finance, they think of stocks and bonds, venture capital, high-tech IPOs, and complex mortgage-backed securities. But commodities? Crude oil and soybeans? Copper and wheat? What could be more boring?

That’s exactly what the elite commodity traders want you to think. They don’t seek the media spotlight. They don’t want to be as famous as Warren Buffett or Bill Gross. Their astonishing wealth was created in near-total obscurity, either in closely held private companies or deep within large banks and corporations, where commodity profits and losses weren’t broken out.

Now Kate Kelly, the bestselling author of Street Fighters, takes us inside this secretive inner circle that controls so many things we all depend on. She gets closer than any previous reporter to understanding these whip-smart, aggressive, and often egomaniacal men who bet millions every day on a blend of facts, analysis, and pure gut instinct.
© Lorin Klaris
Kate Kelly is a reporter for the New York Times who covers Wall Street. She is also an experienced television broadcaster and the author of Street Fighters, the bestselling account of the bank failure that touched off the financial crisis. Her reporting focuses on the big banks, hedge funds, the worlds of trading and lending, and the crucial players in setting financial policy both in business and in politics. 2014 View titles by Kate Kelly

About

“Thanks to this gripping new book … we know more about how they do it. And it’s even more shocking than you think.” —The Independent

When most people think of the drama of global finance, they think of stocks and bonds, venture capital, high-tech IPOs, and complex mortgage-backed securities. But commodities? Crude oil and soybeans? Copper and wheat? What could be more boring?

That’s exactly what the elite commodity traders want you to think. They don’t seek the media spotlight. They don’t want to be as famous as Warren Buffett or Bill Gross. Their astonishing wealth was created in near-total obscurity, either in closely held private companies or deep within large banks and corporations, where commodity profits and losses weren’t broken out.

Now Kate Kelly, the bestselling author of Street Fighters, takes us inside this secretive inner circle that controls so many things we all depend on. She gets closer than any previous reporter to understanding these whip-smart, aggressive, and often egomaniacal men who bet millions every day on a blend of facts, analysis, and pure gut instinct.

Author

© Lorin Klaris
Kate Kelly is a reporter for the New York Times who covers Wall Street. She is also an experienced television broadcaster and the author of Street Fighters, the bestselling account of the bank failure that touched off the financial crisis. Her reporting focuses on the big banks, hedge funds, the worlds of trading and lending, and the crucial players in setting financial policy both in business and in politics. 2014 View titles by Kate Kelly

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