When Markets Collide: Investment Strategies for the Age of Global Economic Change (GENERAL FINANCE & INVESTING)

When Markets Collide: Investment Strategies for the Age of Global Economic Change (GENERAL FINANCE & INVESTING)

by Mohamed El - Erian (Author)

Synopsis

Shortlisted for the FT/Goldman Sachs Book of the Year Award 2008

ONE OF THE SMARTEST INVESTORS ON THE PLANET.
MONEY MAGAZINE

This book is an essential read for those who wish to understand the modern world of investing.
Alan Greenspan

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 noise, 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.

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More Information

Format: Hardcover
Pages: 320
Publisher: McGraw Hill
Published: 16 Jul 2008

ISBN 10: 0071592814
ISBN 13: 9780071592819

Author Bio
Mohammed A. El-Erian is CEO of PIMCO, one of the largest investment management companies in the world. He formerly served as president and CEO of Harvard Management company, the firm that manages the university's $35 billion endowment. He spent 15 years at the International Money Fund, working on policy, capital market and multi lateral economic issues. In 2004, Fortune named him a member of its eight-person `Mutual Fund Dream Team'.