"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"
Автор: Andrews, Marcellus (bucknell University Usa) Название: Vision of a real free market society ISBN: 1138228974 ISBN-13(EAN): 9781138228979 Издательство: Taylor&Francis Рейтинг: Цена: 7961.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
Free market capitalism has created a divided American society. Conservative economic and social policy thinking drove the Right's Project from 1980 to its collapse in 2008, leaving the world in ruins and fascism on the march. The Vision of a Real Free Market Society challenges the Left to create new forms of the market economy that promote efficiency and equality while permanently thwarting concentrated power. Many recent commentators have offered policy recommendations based on existing economic institutions. By contrast, this book calls for root-and-branch changes to the inherent structure of American capitalism.
The Vision of a Real Free Market Society: Re-Imagining American Freedom presents a Left-egalitarian case for limited government that overcomes the failures of conservatism while rescuing economic justice from the weaknesses of tax and transfer liberalism. The book explains why the system fails so many Americans in so many different ways, and outlines how we can build a better economy that simultaneously promotes freedom and social justice while crippling the powers of America's oligarchs. Exploring the idea of a left-wing case for strong but small government, the book makes the case for fundamental reforms that will lead to a truly free and fair society.
This provocative book will be of great relevance to anyone with an interest in politics, philosophy or economics, and will challenge readers to rethink their assumptions concerning the prospects for combining justice with fairness in the modern world.
Автор: Baumol, William J. Название: Free-market innovation machine ISBN: 069111630X ISBN-13(EAN): 9780691116303 Издательство: Wiley Рейтинг: Цена: 6336.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Rejects the conventional view that capitalism benefits society through price competition - that is, products and services become less costly as firms vie for consumers. While giving price competition due credit, this book stresses that large firms use innovation as a prime competitive weapon.
Автор: Peter Bloom Название: The Bad Faith in the Free Market ISBN: 3030095053 ISBN-13(EAN): 9783030095055 Издательство: Springer Рейтинг: Цена: 12577.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: What has become abundantly clear is that the free market is anything but free.Here, Bloom exposes our present day bad faith in the free market and how we can break free from it.
Автор: Shaanan, Joseph Название: America`s free market myths ISBN: 3319506358 ISBN-13(EAN): 9783319506357 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book describes and refutes thirteen ideas involving free market principles and the US economic system, arguing that these (mostly familiar) ideas are myths. The different myths generate the recommendation that the system`s rewards should flow upward to corporations and a small group of wealthy and politically influential people.
Ever since Mr. Olduvai and Mr. Rueul were introduced after graduating from different universities, they have shared a dual bond: respect for each other and dissatisfaction with the world around them. They see that the nation seems to be perpetually debating how to handle poverty, inequality, loss of personal freedom, and government debt. As years pass, supposed fixes come and go, but the problems remain. Yet the old friends still seek answers, and over the course of two days, they unravel the causes of economic problems and offer potential solutions. As they talk, they hash out the merit of simple laws governing access to land, the ability to say no, and the role of government, which together protect the nature of economic freedom. These basic laws allow capitalism to embrace and reward the demands of the entrepreneur, while also offering dignified alternatives for the less talented or uninspired --all without taxing a nickel of anyone's income. Our economy has the potential to eliminate financial insecurity for every citizen and still be the strongest economic engine in the world. Find out how by joining the conversation in A True Free Market.
Excerpt from A True Free Market
Would more freedom be available to us today had better economic choices been made in the past? And what do we mean by freedom in the first place? Must the state and the individual be adversaries? In effect, are the ideals we hold ideal to hold? Good design stems from human will, smartly applied to the laws of nature. A building, for example, cannot stand for long when designed in ignorance of physics. When physics is misapplied, the building crumbles. A farm cannot thrive when it is run in ignorance of agriculture, for when the basic needs of plants are not tended to, crops die. And a free market cannot thrive when constructed in ignorance of economics. When its fundamental forces are unappreciated in our lawmaking, the market fails. We have seen buildings collapse, and we have learned to build them better. We have seen crops die, and we have learned to better understand their needs. We have also seen markets fail, but we have not yet learned the nature of a true free market. We have tweaked our economic rules or applied new laws from political expedience, intuitive habit, or fear. Then we have proclaimed that great lessons have been learned. But in reality, we have only learned to wait for markets to fail again. We have not been quick to understand why cycles of economic dread persist among us or why our birth circumstance, more than anything, determines our economic fate. A true free market can be ours to enjoy. We only need to make it.
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Автор: Ritter Daniel Название: Failure of the Free Market and Democracy ISBN: 1788164326 ISBN-13(EAN): 9781788164320 Издательство: Profile Рейтинг: Цена: 3795.00 р. Наличие на складе: Поставка под заказ.
Описание: In this wide-ranging but accessible overview, economist Daniel Ritter examines the changing circumstances that have led to the economic decline of the West and the rise of populism. He looks at the effects of globalisation and how increasing mechanisation has fuelled discontent, the collapse of existing communities, and a sense of disenfranchisement. The fault, he argues, lies not with advances in technology, or a lack of growth, but in rising inequality and an over-reliance on the free market.
Examining the West's situation in a global context, both in relation to the rise of China and the ascendancy of private interest groups, he claims that the free market has failed, and with it representative democracy, arguing that we must 'update our very notions of work and reward' if we are to survive the current crisis. Informed, lucid and strongly argued, Ritter's compelling analysis is a must-read for anyone concerned to discover the origins of our current economic and political malaise, and its possible solutions.
Описание: Financial market behavior and key trading strategies are illuminated by interviews with top hedge fund experts in a work that demystifies the secret world of active investing.
Описание: What should serve as money, who should control its creation and circulation, and according to what rules? For more than two hundred years, the "money question" shaped American social thought, becoming a central subject of political debate and class conflict. Sovereign of the Market reveals how and why this happened. Jeffrey Sklansky's wide-ranging study comprises three chronological parts devoted to major episodes in the career of the money question. First, the fight over the innovation of paper money in colonial New England. Second, the battle over the development of commercial banking in the new United States. And third, the struggle over the national banking system and the international gold standard in the late nineteenth century. Each section explores a broader problem of power that framed each conflict in successive phases of capitalist development: circulation, representation, and association. The three parts also encompass intellectual biographies of opposing reformers for each period, shedding new light on the connections between economic thought and other aspects of early American culture. The result is a fascinating, insightful, and deeply considered contribution to the history of capitalism.
Автор: Oladejo Mutiat Titilope Название: Ibadan Market Women and Politics, 1900 1995 ISBN: 1498518559 ISBN-13(EAN): 9781498518550 Издательство: Bloomsbury Рейтинг: Цена: 13068.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book gives a historical explanation of how market women with little or no formal education engaged in political actions for societal development. It analyzes their experiences in the adaptation and transformation in the socio-political and economic spheres of Ibadan of the twentieth century.
Автор: Shigehara Название: The Limits of Surveillance and Financial Market Failure ISBN: 1137471468 ISBN-13(EAN): 9781137471468 Издательство: Springer Рейтинг: Цена: 15372.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book examines the effectiveness of surveillance by international institutions for financial crisis prevention. It discusses issues relating to designing effective micro- and macro-prudential policies, their mixes and their coordination with monetary policies for achieving financial stability while promoting better macroeconomic performance.
Автор: G. Nell Название: Basic Income and the Free Market ISBN: 1349442615 ISBN-13(EAN): 9781349442614 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Discusses whether the Basic Income Guarantee could offer an alternative to both laissez-faire and existing welfare systems in developed countries - often criticized by both advocates and critics of laissez-faire - thus opening a constructive dialog in policy discussion.
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