"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.
Customer Reviews
Average Rating:
Rating: - Thoughtful and forward-looking
I think this is an excellent book that makes you think. Mr. El-Erian certainly has a very deep understanding of the current economic and financial environment and is able to convey much of this understanding ... Read More
Rating: - My Worst Investment in a Long Time
This book was awful. Part of the problem is that the author couldn't decide who his audience was and, as such, probably bored the pants off finance people and left regular folk scratching their heads at his absurdly ... Read More
Rating: - Probably false back cover reviews
This book got my attention after I saw Alan Greenspan had commented on it on the back cover. Surprised at first as he rarely recommends books publicly, I decided to check into it. Sadly, the book was terrible. It is ... Read More
Rating: - Good
This booke seemed to be a mosthy a discussion of emerging China and its interaction with the ecomonies in the developed countries. I believe that the book has increased my understanding on this subject a lot.
Rating: - Not worth reading
I do not believe that this book is worth buying or reading
because of three factors:
1. It contains minimal advice for investors wishing to
change their investment strategies.
- Thoughtful and forward-looking
- My Worst Investment in a Long Time
- Good