William Worsley learned about what goes on inside money management firms by hiring, firing, and monitoring them on behalf of large pensions, endowments, and foundations. Over three decades he met with hundreds of U.S. and international investment firms specializing in public and private equity, fixed income, and currency hedging. A chartered financial analyst, he has been investing in the stock market since he was 13. In 2016 he retired as managing director of a firm that oversees money managers.
In an earlier career he was a senior text editor at Time-Life Books, where he wrote and edited articles on a wide variety of popular topics. He holds three degrees from the University of Virginia, including a B.A. and M.A. in English, and an M.B.A. from the Darden School. He lives in the Washington, D.C., area, where he was born and raised.
Investing in Vain
Waitsfield, Vermont 05673
228 pages, 5.5" x 8.5"
ISBN 978-1-937667-17-7 softcover $16.95
ISBN 978-1-937667-18-4 ebook $6.99
ISBN 978-1-937667-19-1 hardcover $25.95
Available at all local bookstores and online everywhere.
FOR IMMEDIATE RELEASE
Contact: Kitty Werner (802) 496-3271
INVESTING IN VAIN. A satire on investment management and socially responsible investing.
What happens when morality-based investing is practiced in a corrupt world teeming with politically correct hypocrites and charlatans? The result is a farce. Investing in Vain takes a satirical romp through investment management from the point of view of those in it as they careen from one moral hazard to the next, trying to make sense of it all.
What if the founders of a hugely successful investment firm are running a complete fraud based on an absurd investment strategy? And what do they do to their former employees who discover the dark secret that could destroy their firm? Bruce Benson finds out the hard way as he is forced to flee for his life. Meanwhile, Beatrice von Vain is desperate to save her investment firm, Vain Capital, in spite of the weird demands of potential investors. Salvation seems to come in the form of shady Russian money and a request from the California state employee pension for an investment fund run entirely by gays. But where do you invest the illegal Russian money and where do you find enough gay money managers in time to help re-elect California’s progressive governor?
It’s a madcap race through the dubious and contradictory world of investing with a conscience, taking the reader on a wide range of adventures – to a university protest, through gay hangouts, on a car chase, to a global summit meeting – as the author skewers the morally arrogant notion of political correctness.
About the Author
William Worsley, a retired investment manager turned novelist, got the inspiration for his first novel from the hundreds of meetings he had with money managers over the course of three decades. “Depending on how you view them, money managers are some of the funniest people you’ll ever meet,” he says. “And there’s nothing more ridiculous than our current political environment. I didn’t have to stray very far from reality. I just brought the two worlds together.”
Copyright © 2017 - William Worsley