"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: Orrell David, Chlupat? Roman Название: The Evolution of Money ISBN: 0231173725 ISBN-13(EAN): 9780231173728 Издательство: Wiley Рейтинг: Цена: 4752.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The Evolution of Money illuminates money`s elastic nature, focusing on the tension between currency`s real and abstract properties and advancing a vital theory of money. From ancient Mesopotamia to the digital era, The Evolution of Money helps us visualize and strategize money`s next, transformative role.
Описание: Acclaimed stock market analyst Richard Arms presents a practical, hands-on explanation of how he trades stocks.
Автор: Marcuzzo Название: Fighting Market Failure ISBN: 1138807281 ISBN-13(EAN): 9781138807280 Издательство: Taylor&Francis Рейтинг: Цена: 7961.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This collection brings together fifteen of Marcuzzo`s essays published between 1994 and 2008 which all look into the contribution of a remarkable group of economists known as the "Cambridge School" or the "Cambridge Keynesians".
Описание: Stock trading doesn`t get any easier than this. This title helps you learn how to: manage your stocks with one simple weekly routine; create a portfolio that reduces risk while increasing returns; maximize profit potential using a multi strategic approach; and generate steady trading income over both short and long terms.
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.
