When Markets Collide：Investment Strategies for the Age of Global Economic Change

图书标准信息

• 作者 Mohamed El-Erian 著
• 出版社 Mcgraw-Hill
• 出版时间 2008-05
• ISBN 9780071592819
• 定价 438.40元
• 装帧 精装
• 开本 其他
• 纸张 其他
• 页数 304页
• 正文语种 英语

【内容简介】

SELECTEDASA2008BESTBUSINESSBOOKOFTHEYEARBYTHEECONOMIST

"ONEOFTHESMARTESTINVESTORSONTHEPLANET."
--MONEYMAGAZINE

“Thisbookisanessentialreadforthosewhowishtounderstandthemodernworldofinvesting.”
--AlanGreenspan

Winnerofthe2008FinancialTimesandGoldmanSachsBusinessBookoftheYearAward

WhenMarketsCollideisatimelyalerttothefundamentalchangestakingplaceintoday'sglobaleconomicandfinancialsystems—andacalltoactionforinvestorswhomayfallvictimtomisinterpretingimportantsignals.Whilesomehavetendedtoviewassetclassmispricingsasmere“noise,”thiscompellingbookshowswhytheyareimportantsignalsofopportunitiesandrisksthatwillshapethemarketforyearstocome.Oneoftoday'smostrespectednamesinfinance,MohamedEl-Erianputsrecenteventsintheirpropercontext,givingyouthetoolsthatcanhelpyouinterpretthemarkets,benefitfromglobaleconomicchange,andnavigatetherisks.

Theworldeconomyisinthemidstofaseriesofhand-offs.Globalgrowthisnowbeingheavilyinfluencedbynationsthatpreviouslyhadlittleornosystemicinfluence.Formerdebtornationsarebuildingunforeseenwealthand,thus,enjoyingunprecedentedinfluenceandfacingunusualchallenges.Andnewderivativeproductshavechangedthebehaviorofmanymarketsegmentsandplayers.Yet,despiteallthesechanges,thesystem'sinfrastructureisyettobeupgradedtoreflecttherealitiesoftoday'sandtomorrow'sworld.El-Erianinvestigatestheunderlyingdriversofglobalchangetoshedlightonhowyoushould:

Thinkaboutthenewopportunitiesandrisks
Constructanappropriatelydiversifiedandinternationalizedportfolio
Protectyourportfolioagainstnewsourcesofsystemicrisk
Bestthinkabouttheimpactofcentralbanksandfinancialpoliciesaroundtheworld

Offeringuppredictionsoffuturedevelopments,El-Eriandirectshisfocustohelpyoucapitalizeonthenewfinanciallandscape,whilelimitingexposuretonewriskconfigurations.

WhenMarketsCollideisauniquecollectionofbooksforinvestorsandpolicymakersaroundtheworld.Inadditiontoprovidingathoroughanalysisandclearperspectiveofrecentevents,itlaysdownadetailedmapfornavigatingyourwaythroughanotherwiseperplexingneweconomiclandscape.

【作者简介】

MohamedA.El-Erianisco-CEOandco-CIOofPIMCO,oneofthelargestinvestmentmanagementcompaniesintheworld.HeformerlyservedaspresidentandCEOofHarvardManagementCompany,thefirmthatmanagestheuniversity's$35billionendowment.Hespent15yearsattheInternationalMoneyFund,workingonpolicy,capitalmarket,andmultilateraleconomicsissues.El-ErianhasbeenfeaturedbyBloomberg,Forbes,FinancialTimes,LatinFinance,CNBC,TheNewYorkTimes,andTheWallStreetJournal.In2004,Fortunenamedhimamemberofitseight-person“MutualFundDreamTeam.”

【目录】

IntroductionFindingSignalsWithintheNoise1
Ch.lAberrations,Conundrums,andPuzzles19
Ch.2HowTraditionalResourcesFailedUs39
Ch.3SeparatingWhatMattersfromWhatDoesn't63
Ch.4UnderstandingtheNewDestination99
Ch.5ProspectsfortheJourney151
Ch.6BenefitingfromGlobalEconomicandFinancialChange:AnActionPlanforInvestors193
Ch.7AnActionPlanforNationalPolicyMakersandGlobalInstitutions235
Ch.8ImprovedRiskManagement265
Ch.9Conclusion289
Notes299
References313
Index327
Acknowledgments337
AbouttheAuthor343