Book : Efficiently Inefficient How Smart Money Invests And..

-Titulo Original : Efficiently Inefficient How Smart Money Invests And Market Prices Are Determined

-Fabricante :

Princeton University Press

-Descripcion Original:

Review Efficiently Inefficient is a truly modern and masterful introduction to how finance will be studied and practiced in the twenty-first century.--Andrei Shleifer, Harvard UniversityA tour-de-force combination of original research and provocative interviews with hedge fund managers.--Laurence B. Siegel, CFA Institute Research FoundationEncyclopedic in its cataloging of active management strategies and authoritative in its analysis of the practical issues of their implementation.--Martin S. Fridson, Financial Analysts JournalFor a book on investments, Efficiently Inefficient sets a completely different and higher standard.--Darrell Duffie, Stanford UniversityThis valuable and intriguing book provides a contemporary survey of investments across a wide spectrum of asset classes and strategies. Combining a wonderful narrative with a rigorous analytical structure, Efficiently Inefficient serves the needs of students, serious investors, and professionals.--Gary P. Brinson, CFA, GP Brinson Investments Financial market behavior and key trading strategies illuminated by interviews with top hedge fund expertsEfficiently 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 to show how certain tactics make money and why they sometimes don’t. He explores equity strategies, macro strategies, and arbitrage strategies, and fundamental tools for portfolio choice, risk management, equity valuation, and yield curve trading. The book also features 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 reveals how financial markets really work. Review Encyclopedic in its cataloging of active management strategies and authoritative in its analysis of the practical issues of their implementation. Martin S. Fridson, Financial Analysts JournalThis valuable and intriguing book provides a contemporary survey of investments across a wide spectrum of asset classes and strategies. Combining a wonderful narrative with a rigorous analytical structure, Efficiently Inefficient serves the needs of students, serious investors, and professionals. Gary P. Brinson, CFA, GP Brinson InvestmentsFor a book on investments, Efficiently Inefficient sets a completely different and higher standard. Darrell Duffie, Stanford UniversityEfficiently Inefficient is a truly modern and masterful introduction to how finance will be studied and practiced in the twenty-first century. Andrei Shleifer, Harvard UniversityA tour-de-force combination of original research and provocative interviews with hedge fund managers. Laurence B. Siegel, CFA Institute Research Foundation From the Back Cover This valuable and intriguing book provides a contemporary survey of investments across a wide spectrum of asset classes and strategies. Combining a wonderful narrative with a rigorous analytical structure, Efficiently Inefficient serves the needs of students, serious investors, and professionals. It is an important contribution to the investment literature.--Gary P. Brinson, CFA, GP Brinson InvestmentsFor a book on investments, Efficiently Inefficient sets a completely different and higher standard. Pedersen blends the best and latest research, accessible to both MBA students and professionals, with the insights of some of the worlds leading hedge fund managers. It works beautifully.--Darrell Duffie, Stanford UniversityEfficiently Inefficient is a truly modern and masterful introduction to how finance will be studied and practiced in the twenty-first century.--Andrei Shleifer, Harvard UniversityHow are markets efficient enough to stump most investors, yet inefficient enough to allow hedge fund managers to earn huge pro