BARTON BIGGS is the cofounder and managing partner of Traxis Partners, a billion-dollar macro hedge fund. He spent thirty years as a senior partner at Morgan Stanley, where he formed the firm's top-rated research department, and created and built its investment management division. He was also Morgan Stanley's investment strategist and was on numerous occasions elected by Institutional Investor magazine as the number-one ranked global strategist. He currently writes a column for Newsweek. Biggs's previous books, Hedgehogging and Wealth, War & Wisdom, are also published by Wiley and are international bestsellers.