When Markets Collide: Investment Strategies for the Age of Global Economic Change
by: Mohamed El-Erian
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Product Description:
"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
...
Winner of the 2008 Financial Times and Goldman Sachs Business Book of the Year Award
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 areimportant 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:
. .
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.
.
"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
...
Winner of the 2008 Financial Times and Goldman Sachs Business Book of the Year Award
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 areimportant 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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Customer Reviews
Average Rating:
Rating: 
- dissapointing
you would think that the CEO of the largest bond fund would have meaningful insights to share.....but you'd be wrong
Rating: 
- With this book, I give up my remaining trust in cover blurbs.
I bought this book because it won the Financial Times Book of the Year Award (not a top ten winner or something, #1 mind you). Historically, a reliable guide (e.g., the masterpiece China Shakes the World, and theoretically dubious but highly provocative Friedman's World is Flat). It has dawned on me belatedly that advance praisers probably don't read their books. All these absolutely glowing endorsements by serious people...for a book that *clearly* isn't top notch.
T. Bojko's review ... Read More
Rating: - In the eye of the reader -- Eclectic or a muddle?
The author risked a muddle and he at least partially succeeded by targeting very different audiences at the same time in the same book. He creates this confusion intentionally. "I'm addressing both investors and national and international policy makers." Very few pages are devoted to specificinvestment that an investor my actually be able to use (see page 203 "Implementation Vehicles").The average IMF Economist will get much more out of this book than the average stock and bond investor.
Rating: - Terrible
Wow, what a disappointment. The book is poorly written and turns simple ideas into convoluted muck. For example, everyone knows that you can sometimes get a bargain in a pool of assets that are generally considered "lemons" such as the used car market. In this book, the "market for lemons" becomes "MFL" and allegedly was originated in 1970 with George Akerlof, a professor and winner of the 2001 Nobel Prize in economics. Huh? Another staggering glimpse of the obvious: people have trouble absorbing the ... Read More
Rating: - Overhyped
The book is an ordinary piece of work that does not deserve the prominence it is getting in the media. While I would not term it as a Sub-Prime CDO masquearading as a AAA credit, at best it is an Alt-A. We need better.
- dissapointingyou would think that the CEO of the largest bond fund would have meaningful insights to share.....but you'd be wrong
- With this book, I give up my remaining trust in cover blurbs.I bought this book because it won the Financial Times Book of the Year Award (not a top ten winner or something, #1 mind you). Historically, a reliable guide (e.g., the masterpiece China Shakes the World, and theoretically dubious but highly provocative Friedman's World is Flat). It has dawned on me belatedly that advance praisers probably don't read their books. All these absolutely glowing endorsements by serious people...for a book that *clearly* isn't top notch.
T. Bojko's review ... Read More
- In the eye of the reader -- Eclectic or a muddle?The author risked a muddle and he at least partially succeeded by targeting very different audiences at the same time in the same book. He creates this confusion intentionally. "I'm addressing both investors and national and international policy makers." Very few pages are devoted to specificinvestment that an investor my actually be able to use (see page 203 "Implementation Vehicles").The average IMF Economist will get much more out of this book than the average stock and bond investor.
- TerribleWow, what a disappointment. The book is poorly written and turns simple ideas into convoluted muck. For example, everyone knows that you can sometimes get a bargain in a pool of assets that are generally considered "lemons" such as the used car market. In this book, the "market for lemons" becomes "MFL" and allegedly was originated in 1970 with George Akerlof, a professor and winner of the 2001 Nobel Prize in economics. Huh? Another staggering glimpse of the obvious: people have trouble absorbing the ... Read More
- OverhypedThe book is an ordinary piece of work that does not deserve the prominence it is getting in the media. While I would not term it as a Sub-Prime CDO masquearading as a AAA credit, at best it is an Alt-A. We need better.
