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
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: 38,332
Buy it Used: 30 copies from $5.49 See All Available
Customers who bought this also bought
Product Details
- Pub. Date: June 2008
- Publisher: McGraw-Hill Companies, The
- Format: Hardcover, 304pp
- Sales Rank: 38,332
- ISBN-13: 9780071592819
- ISBN: 0071592814
- Edition Number: 1
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 RecommendationsBiography
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
- Reader Rating:
- Ratings: 9Reviews: 5
- See All Reviews
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;
Do not waste your money on this really, really BAD BOOKby Maere
Reader Rating:
See Detailed Ratings
November 01, 2008: Wow, what a disappointment! This book is poorly written and turns simple ideas into convoluted muck. For example, everyone knows that you can sometimes get a bargain in a pool of assets that are generally considered "lemons" such as the used car market. In this book, the "market for lemons" becomes "MFL" and allegedly was originated in 1970 with George Akerlof, a professor and winner of the 2001 Nobel Prize in economics. Huh? Another staggering glimpse of the obvious: people have trouble absorbing the reality of a sudden, unexpected event (e.g., 9/11, Kennedy assasination (my examples which, incidentally, are better than his)). Wow! and let's cite Nassim Nicholas Taleb and his insights about Black Swans for that astounding revelation! Jeez. I'm not going to bore you with examples of the dense and turgid writing. Also, if you are not a fan of "impact" used as a verb, avoid this book, it occurs in almost every paragraph. If you want clear, crisp writing and superb analysis about the economy, skip this leaden tract and read The Economist or The Financial Times.
Loading...