"Efficiently Inefficient" describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. Leading financial economist Lasse Heje Pedersen combines the latest research with real-world examples and interviews with top hedge fund managers to show how certain trading strategies make money and why they sometimes don t.
Pedersen views markets as neither perfectly efficient nor completely inefficient. Rather, they are inefficient enough that money managers can be compensated for their costs through the profits of their trading strategies and efficient enough that the profits after costs do not encourage additional active investing. Understanding how to trade in this efficiently inefficient market provides a new, engaging way to learn finance. Pedersen analyzes how the market price of stocks and bonds can differ from the model price, leading to new perspectives on the relationship between trading results and finance theory. He explores several different areas in depth fundamental tools for investment management, equity strategies, macro strategies, and arbitrage strategies and he looks at such diverse topics as portfolio choice, risk management, equity valuation, and yield curve logic. The book s strategies are illuminated further by interviews with leading hedge fund managers: Lee Ainslie, Cliff Asness, Jim Chanos, Ken Griffin, David Harding, John Paulson, Myron Scholes, and George Soros.
"Efficiently Inefficient" effectively demonstrates how financial markets really work.
Free problem sets are available online at http: //www.lhpedersen.com"
Описание: "[A] magnificent history of money and finance."--New York Times Book Review "Convincingly makes the case that finance is a change-maker of change-makers."--Financial Times In the aftermath of recent financial crises, it`s easy to see finance as a wrecking ball: something that destroys fortunes and jobs, and undermines governments and banks. In Mo
Автор: Ruggiero, Vincenzo, Название: Dirty money : ISBN: 0198783221 ISBN-13(EAN): 9780198783220 Издательство: Oxford Academ Рейтинг: Цена: 12038.00 р. Наличие на складе: Поставка под заказ.
Описание: Navigating financial crashes of the Late Middle Ages up to the present day and analysing them through the lenses of classical, positivist, functionalist and Marxist criminology, this book explores the growth of grey areas in the financial world and our understanding, or misunderstanding, of financial delinquency.
Автор: Wheelan Charles Название: Naked Money: What It Is and Why It Matters ISBN: 0393353737 ISBN-13(EAN): 9780393353730 Издательство: Wiley Рейтинг: Цена: 2374.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The best-selling author of Naked Statistics takes us on a romp through the colourful world of monetary policy and history.
Описание: Recognize Wall Street tactics for what they are, and make smarter decisions with your money Wall Street Potholes shares insights into the money management industry, revealing the shady practices that benefit the salesman far more than the client.
Описание: Shows you how to put the Can Slim System to work for you. Using an easy-to-follow game plan designed for busy people, this title helps you discover: 2 simple rules to protect your money; 3 critical factors to consider before you buy; Buying & Selling Checklists to help you capture - and keep - solid gains; and easy-to-follow routines.
Автор: Stigum, Marcia L. Crescenzi, Anthony Название: Stigum`s money market ISBN: 0071448454 ISBN-13(EAN): 9780071448451 Издательство: McGraw-Hill Рейтинг: Цена: 18874.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Presents professionals with answers to their questions about the money market. This reference reflects the changes in the industry and meet the needs of money managers and institutional investors. It also offers explanations on topics ranging from banks (domestic and foreign) and the Treasury to securities, and futures.
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