Nabaza.net-The MarketPlace - When Markets Collide: Investment Strategies for the Age of Global Economic Change

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Manufacturer: McGraw-Hill

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Binding: Hardcover
Dewey Decimal Number: 381.101
EAN: 9780071592819
ISBN: 0071592814
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 304
Publication Date: 2008-05-23
Publisher: McGraw-Hill
Studio: McGraw-Hill

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Editorial Reviews:

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

тАЬThis book is an essential read for those who wish to understand the modern world of investing.тАЭ
тАФAlan Greenspan

The #1 New York Times and #1 Wall Street Journal Bestseller

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 тАЬnoise,тАЭ 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 new opportunities 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.

Spotlight customer reviews:

Customer Rating:

Summary: Probably false back cover reviews
Comment: This book got my attention after I saw Alan Greenspan had commented on it on the back cover. Surprised at first as he rarely recommends books publicly, I decided to check into it. Sadly, the book was terrible. It is very convoluted and difficult to understand and didn't not present any non-elementary insight. Mohamed's book reminds me of a prof I had in college who would love to use big words but say absolutely nothing. Nothing is new here.

Basically Mohamed El-Erian is a Oxford graduate turned PhD who late in his career entered the Investment Management game(he freely admits that). He managed the Harvard University's endowment fund and then recently quit and moved to the bonds management company PIMCO as a Co-CEO (seriously, who still thinks Co-CEO is a good idea). I suspect all of those people on the Back Cover who reviewed his book are his buddies from Harvard or PIMCO and probably everywhere else he works, knows, or pays. Even Alan Greenspan who now consults for PIMCO. I am willing to wager Mr Greenspan never even read his book but got paid a lot of money for "consulting" with PIMCO and now recommends the book of they guy who is paying his salary. Boy, Alan was a good economist. His book was excellent...

This book should really be titled "When I wrote a book to impress my Harvard colleagues: Nothing new but noone will know because noone can understand it, sucka"

Customer Rating:

Summary: Good
Comment: This booke seemed to be a mosthy a discussion of emerging China and its interaction with the ecomonies in the developed countries. I believe that the book has increased my understanding on this subject a lot.

Customer Rating:

Summary: Not worth reading
Comment: I do not believe that this book is worth buying or reading
because of three factors:

1. It contains minimal advice for investors wishing to
change their investment strategies.

2. It is written for an audience for professional economists
with advanced degrees.

3. The editing of the text is very poor. Each chapter contained
multiple references to something "that I will deal with in
the next chapter" or "that I covered in previous chapter."
A few of these references is understandable, but the text
is so poorly written and edited that these references quickly
became a distraction and a nuisance.

I would strongly advise prospective readers to avoid this book.

Customer Rating:

Summary: Not for the average investor
Comment: Mr. El-Erian's book reflects his high-level knowledge and understanding of economic issues. It is perhaps suitable for people at his level, policy makers etc. However for individual investors it is not worth the money, nor the time reading it. His writing style is exasperating as it sounds much like some Harvard publications. His long, complex sentences are time-consuming to understand. He loves to use all the most recent jargon to impress his readers. His ultimate recommendation for investing for the future is banal, buy a bit of everything! After finally finishing the reading of this book (it was painfully boring) I was left with the feeling that I didn't learn anything worthwile for my purposes.

Customer Rating:

Summary: An important weakness
Comment: El-Erian's strength is in identifying and explaining the "major fundamental transformation" that is going on. After discussing the transformation and emphasizing the investment needs for internationalization, foreign currencies, and inflation hedges, he discusses asset allocatrion. His asset allocation table and discussion are fine, except for one glaring ommission. He never mentions managed futures.

In an investment environment that appears to be negative for both debt instruments and equities, managed futures could be the most appropriate investment.

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