Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes
Idioma: inglés
Editorial: McGraw-Hill Education, 2018
- Tapa dura
- Usado
Librería: World of Books (was SecondSale), Montgomery, IL, Estados Unidos de AmericaWorld of Books (was SecondSale)
Vendedor de IberLibro desde 20 de diciembre de 2007
Condición: Usado - Aceptable
EUR 4,74
Cantidad disponible: 2 disponibles
Añadir al carritoDescripción del artículo del vendedor
How investment strategies designed to reduce risk can increase risk for everyone?and can crash markets and economies Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we have suffered in recent decades were not perfect storms. Instead, they were made by us. By understanding how and why this is so, we may be able to avoid or ameliorate future crises?and maybe even anticipate them.One of today?s leading financial thinkers, Bruce I. Jacobs, examines recent financial crises?including the 1987 stock market crash, the 1998 collapse of the hedge fund Long-Term Capital Management, the 2007?2008 credit crisis, and the European debt crisis?and reveals the common threads that explain these market disruptions. In each case, investors in search of safety were drawn to novel strategies that were intended to reduce risk but actually magnified it?and blew up markets. Too Smart for Our Own Good takes a behind-the-curtain look at: ? The inseparable nature of investment risk and reward and the often counterproductive effects of some popular approaches for reducing risk? A trading strategy known as portfolio insurance and the key role it played in the 1987 stock market crash? How option-related trading disrupted markets in the decade following the 1987 crash? Why the demise of Long-Term Capital Management in 1998 wreaked havoc on US stock and bond markets ? How mortgage-backed financial products, by shifting risk from one party to another, created the credit crisis of 2007?2008 and contributed to the subsequent European debt crisisThis broad, detailed investigation of financial crises is the most penetrating and objective look at the subject to date. In addition, Jacobs, an industry insider, offers invaluable insights into the nature of investment risk and reward, and how to manage risk.Risk is unavoidable?especially in investing?and financial markets connect us all. Until we accept these facts and manage risk in responsible ways, major crises will always be just around the bend. Too Smart for Our Own Good is a big step toward smarter investing?and a better financial future for everyone.…
N° de ref. del artículo 00098623404
- Título
- Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes
- Autor
- Bruce Jacobs
- Editorial
- McGraw-Hill Education
- Año de publicación
- 2018
- Estado
- Good
- Encuadernación
- Hardback
- Idioma
- inglés
- ISBN 10
- 1260440540
- ISBN 13
- 9781260440546
Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we have suffered in recent decades were not perfect storms. Instead, they were made by us. By understanding how and why this is so, we may be able to avoid or ameliorate future crises―and maybe even anticipate them.
One of today’s leading financial thinkers, Bruce I. Jacobs, examines recent financial crises―including the 1987 stock market crash, the 1998 collapse of the hedge fund Long-Term Capital Management, the 2007–2008 credit crisis, and the European debt crisis―and reveals the common threads that explain these market disruptions. In each case, investors in search of safety were drawn to novel strategies that were intended to reduce risk but actually magnified it―and blew up markets. Too Smart for Our Own Good takes a behind-the-curtain look at:
• The inseparable nature of investment risk and reward and the often counterproductive effects of some popular approaches for reducing risk
• A trading strategy known as portfolio insurance and the key role it played in the 1987 stock market crash
• How option-related trading disrupted markets in the decade following the 1987 crash
• Why the demise of Long-Term Capital Management in 1998 wreaked havoc on US stock and bond markets
• How mortgage-backed financial products, by shifting risk from one party to another, created the credit crisis of 2007–2008 and contributed to the subsequent European debt crisis
This broad, detailed investigation of financial crises is the most penetrating and objective look at the subject to date. In addition, Jacobs, an industry insider, offers invaluable insights into the nature of investment risk and reward, and how to manage risk.
Risk is unavoidable―especially in investing―and financial markets connect us all. Until we accept these facts and manage risk in responsible ways, major crises will always be just around the bend. Too Smart for Our Own Good is a big step toward smarter investing―and a better financial future for everyone.
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World of Books (was SecondSale)
Montgomery, IL, Estados Unidos de America
Vendedor de IberLibro desde 20 de diciembre de 2007
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Founded in 2002, World of Books is a leading online destination for buying and selling both preloved and new books, committed to making sustainable reading accessible to all. With a mission to help people read more and waste less, World of Books offers a huge range of affordable, high-quality books — giving both new and preloved titles a second life. The company also operates World of Books – Sell Your Books, an easy-to-use platform that allows customers to trade in unwanted books for cash, helping to keep books in circulation while promoting sustainability. As a Certified B Corp, World of Books is driven by a vision to become the world’s largest and most sustainable dedicated online bookstore. The company measures its success through the positive environmental impact it creates, the value it provides to customers, and its ability to operate profitably while supporting its sustainable mission …
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