When Markets Collide: Investment Strategies for the Age of Global Economic Change by Mohamed A. El-Erian

BUY IT NEW

  • $27.95 List price
    $22.36 Online Price
    $20.12 Member price
    (Save 28%)
    Limited Time Offer! Everyone receives the Member Price on books.
    See Details
  • skip to cart
  • Add To List uiAction=GetAllLists&page=List&pageType=list&ean=9780071592819&productCode=BK&maxCount=100&threshold=3

GET FREE SHIPPING ON ORDERS OF $25 OR MORE

DELIVERY & GIFT DETAILS:

Usually ships within 24 hours

Delivery Time and Shipping Rates

Eligible for gift wrap & gift message.

BUY IT USED

21 copies from $10.00

See All Available

Pick Me Up

Reserve it at BN.com & pick it up in 60 minutes at your local store.

Enter a zip code

(Hardcover)

  • Pub. Date: June 2008
  • 304pp
  • Sales Rank: 18,263

Reader Rating: (12 ratings)

Detailed Rating: "Relevant" See All

    Buy it Used: 21 copies from $10.00 See All Available

    Customers who bought this also bought

     
    • Overview
    • Editorial Reviews
    • Customer Reviews
    • Features

    Product Details

    • Pub. Date: June 2008
    • Publisher: McGraw-Hill Companies, The
    • Format: Hardcover, 304pp
    • Sales Rank: 18,263

    Synopsis

    SELECTED AS A 2008 BEST BUSINESS BOOK OF THE YEAR BY THE ECONOMIST

    "ONE OF THE SMARTEST INVESTORS ON THE PLANET."--MONEY MAGAZINE

    “This book is an essential read for those whowish to understand the modern world of investing.”
    —Alan Greenspan

    Winner of the 2008 Financial Times and Goldman Sachs Business Book of the Year Award

    When Markets Collide is a timely alert to the fundamental changes taking place in today's global economic and financial systems--and a call to action for investors who may fall victim to misinterpreting important signals. While some have tended to view asset class mispricings as mere “noise,” this compelling book shows why they are important signals of opportunities and risks that will shape the market for years to come. One of today's most respected names in finance, Mohamed El-Erian puts recent events in their proper context, giving you the tools that can help you interpret the markets, benefit from global economic change, and navigate the risks.

    The world economy is in the midst of a series of hand-offs. Global growth is now being heavily influenced by nations that previously had little or no systemic influence. Former debtor nations are building unforeseen wealth and, thus, enjoying unprecedented influence and facing unusual challenges. And new derivative products have changed the behavior of many market segments and players. Yet, despite all these changes, the system's infrastructure is yet to be upgraded to reflect the realities of today's and tomorrow's world. El-Erian investigates the underlying drivers of global change to shed light on how you should:



    Think about the newopportunities and risks
    Construct an appropriately diversified and internationalized portfolio
    Protect your portfolio against new sources of systemic risk
    Best think about the impact of central banks and financial policies around the world

    Offering up predictions of future developments, El-Erian directs his focus to help you capitalize on the new financial landscape, while limiting exposure to new risk configurations.

    When Markets Collide is a unique collection of books for investors and policy makers around the world. In addition to providing a thorough analysis and clear perspective of recent events, it lays down a detailed map for navigating your way through an otherwise perplexing new economic landscape.

    More Reviews and Recommendations

    Biography

    Mohamed A. El-Erian is co-CEO and co-CIO of PIMCO, one of the largest investment management companies in the world. He formerly served as president and CEO of Harvard Management Company, the firm that manages the university's $35 billion endowment. He spent 15 years at the International Money Fund, working on policy, capital market, and multilateral economics issues. El-Erian has been featured by Bloomberg, Forbes, Financial Times, Latin Finance, CNBC, The New York Times, and The Wall Street Journal. In 2004, Fortune named him a member of its eight-person “Mutual Fund Dream Team.”

    Customer Reviews

    An Oustanding Must-Read for Investors, Financial Professionals and Those Who Care "What's Next?by SerenityTG

    Reader Rating:
    See Detailed Ratings

    December 29, 2009: Dr. El-Erian has written an exceptional book about the changing state of global economics and finance as the first decade of the 21st century comes to a close.

    Without a doubt, the world is in the early stages of a significant secular shift in the balance of financial, commercial and geopolitical power. This book, finished in early 2008 and before Wall Street came tumbling down, is prescient and articulately explains how the developed world and the emerging markets world are grappling with a fundamental realignment of global economic power and influence. The "new normal" is emerging; is the United States ready for the change?

    A middle class is emerging in the developing nations, one which now has the resources necessary to begin purchasing the products that previously were exported. The economic flattening of the world, prophesized by Thomas Freedman several years ago, is becoming more apparent; how will the developed markets respond? How do sovereign wealth funds factor in this economic rearrangement? How will the advent of new financial engineering products such as derivative-based instruments and hedge funds affect risk management, risk transfer and diversification, essential ingredients of prudent investment portfolio management? How does the global financial infrastructure "plumbing" have to change to accommodate the 21st century? What is the appropriate internationalized asset allocation for individual investors?

    This brilliant work by the co-CEO of PIMCO, a very well-respected world-class investment management firm, will provide the answers to these and a host of other new, very important global financial questions that astute individuals are asking with greater frequency each and every day. To quote Alan Greenspan, "an essential read."

    Should have two parts: one for investors another one for financial market and central bank professioby Anonymous

    Reader Rating:
    See Detailed Ratings

    March 09, 2009: Very thorough analysis. Somewhat repetitive. Should better explain alpha and beta measures;


    More Customer Reviews