When Markets Collide: Investment Strategies for the Age of Global Economic Change
by: Mohamed El-Erian
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SELECTED AS A 2008 BEST BUSINESS BOOK OF THE YEAR BY THE ECONOMIST
"ONE OF THE SMARTEST INVESTORS ON THE PLANET."--MONEY MAGAZINE
“This book is an essential read for those whowish 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.
SELECTED AS A 2008 BEST BUSINESS BOOK OF THE YEAR BY THE ECONOMIST
"ONE OF THE SMARTEST INVESTORS ON THE PLANET."--MONEY MAGAZINE
“This book is an essential read for those whowish 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: 
- Where Are the Customers' Yachts?
disappointing book that reads like a collection of memos sent by senior management for quarterly town hall meetings with junior staff. full of clichés, not a single original thought. this is sell-side research as read and poorly regurgitated by a career manager. as unimpressive as the writer's performance record.
Rating: - Shame on the Financial Times
It is difficult to understand why the Financial Times would select this book for special recognition.It is also difficult to add anything significant to the many reviews which have already been posted.
The book is self-serving and so full of jargon that it is almost impossible to read.There are probably insights here, El-Erian is undoubtedly a wise and clever man, but the lack of a strong editorial hand has kept the insights well hidden.
This is not the book to read ... Read More
Rating: 
- Disappointing for the individual investor
Like others I read (skimmed) this book (a library copy) because of the hype and endorsements and found it lacking because of (1) lack of focus and generalities and (2) serious lack of actionable advice to individual investors.
I give it 2 stars only because I think it makes a decent case for a greater allocation to non US stocks than most people adopt. Even though the lack of correlation rationale for investing abroad has weakened (as shown in this bear market), there is still a strong ... Read More
Rating: - Buy a pizza instead!
"This book is an essential read for those who wish to understand the modern world of investing."
Only someone who has an interest in having his friend sell as many books as he can would say something as blatantly false as this. There's nothing new in this book.
Moreover, El-Erian's egotistical writing style jars the serious reader with constant references to a previous or upcoming chapter. There's endless name dropping that in some cases extends up to 3 lines at a time. (None ... Read More
Rating: 
- A must read
This book suprised me in that it was a very easy read and yet I came away with a better understanding of the causes of the current economic mess and much more importantly it serves as a valuable guide to market participants so as to aviod future market diasters. John Dee
- Where Are the Customers' Yachts?disappointing book that reads like a collection of memos sent by senior management for quarterly town hall meetings with junior staff. full of clichés, not a single original thought. this is sell-side research as read and poorly regurgitated by a career manager. as unimpressive as the writer's performance record.
- Shame on the Financial TimesIt is difficult to understand why the Financial Times would select this book for special recognition.It is also difficult to add anything significant to the many reviews which have already been posted.
The book is self-serving and so full of jargon that it is almost impossible to read.There are probably insights here, El-Erian is undoubtedly a wise and clever man, but the lack of a strong editorial hand has kept the insights well hidden.
This is not the book to read ... Read More
- Disappointing for the individual investorLike others I read (skimmed) this book (a library copy) because of the hype and endorsements and found it lacking because of (1) lack of focus and generalities and (2) serious lack of actionable advice to individual investors.
I give it 2 stars only because I think it makes a decent case for a greater allocation to non US stocks than most people adopt. Even though the lack of correlation rationale for investing abroad has weakened (as shown in this bear market), there is still a strong ... Read More
- Buy a pizza instead!"This book is an essential read for those who wish to understand the modern world of investing."
Only someone who has an interest in having his friend sell as many books as he can would say something as blatantly false as this. There's nothing new in this book.
Moreover, El-Erian's egotistical writing style jars the serious reader with constant references to a previous or upcoming chapter. There's endless name dropping that in some cases extends up to 3 lines at a time. (None ... Read More
- A must readThis book suprised me in that it was a very easy read and yet I came away with a better understanding of the causes of the current economic mess and much more importantly it serves as a valuable guide to market participants so as to aviod future market diasters. John Dee
