Lyt når som helst, hvor som helst

Nyd den ubegrænsede adgang til tusindvis af spændende e- og lydbøger - helt gratis

  • Lyt og læs så meget du har lyst til
  • Opdag et kæmpe bibliotek fyldt med fortællinger
  • Eksklusive titler + Mofibo Originals
  • Opsig når som helst
Start tilbuddet
DK - Details page - Device banner - 894x1036

Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined

Sprog
Engelsk
Format
Kategori

Økonomi & Business

Financial market behavior and key trading strategies—illuminated by interviews with top hedge fund experts

Efficiently 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 and interviews with top hedge fund managers to show how certain trading strategies make money—and why they sometimes don't.

Pedersen views markets as neither perfectly efficient nor completely inefficient. Rather, they are inefficient enough that money managers can be compensated for their costs through the profits of their trading strategies and efficient enough that the profits after costs do not encourage additional active investing. Understanding how to trade in this efficiently inefficient market provides a new, engaging way to learn finance. Pedersen analyzes how the market price of stocks and bonds can differ from the model price, leading to new perspectives on the relationship between trading results and finance theory. He explores several different areas in depth—fundamental tools for investment management, equity strategies, macro strategies, and arbitrage strategies—and he looks at such diverse topics as portfolio choice, risk management, equity valuation, and yield curve logic. The book’s strategies are illuminated further by 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 effectively demonstrates how financial markets really work.

Free problem sets are available online at http://www.lhpedersen.com

© 2015 Princeton University Press (E-bog): 9781400865734

Release date

E-bog: 13. april 2015

Andre kan også lide...

  1. All About Asset Allocation, Second Edition Richard A. Ferri
  2. Money Changes Everything: How Finance Made Civilization Possible William N. Goetzmann
  3. Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk Gary Antonacci
  4. The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market Michael G. Pento
  5. Marketing Alternative Investments: A Comprehensive Guide to Fundraising and Investor Relations for Private Equity and Hedge Funds Hemali Dassani
  6. 100 to 1 in the Stock Market: A Distinguished Security Analyst Tells How to Make More of Your Investment Opportunities Thomas William Phelps
  7. Founder vs Investor: The Honest Truth About Venture Capital from Startup to IPO Elizabeth Joy Zalman
  8. You Weren't Supposed To See That: Secrets Every Investor Should Know Joshua M. Brown
  9. Rethinking Investing: A Very Short Guide to Very Long-Term Investing Charles D. Ellis
  10. The Little Book of Picking Top Stocks: How to Spot Hidden Gems Martin S. Fridson
  11. Metaverse Investing for Beginners and Advanced: A Complete Guide to the New Digital Revolution and Metaverse Business. Learn All About Land Investing, NFT, Blockchain Gaming and Other Digital Arts of the Future Invest. John Nakamoto
  12. ETFs for the Long Run : What They Are, How They Work and Simple Strategies for Successful Long-Term Investing: What They Are, How They Work, and Simple Strategies for Successful Long-Term Investing Lawrence Carrel
  13. Startups & Venture Deals For Early Retirement 2 Books In 1: Beginners Guide To Invest In Startup Businesses To Become A Successful Angel Investor Will Weiser
  14. Investment under Uncertainty Robert S. Pindyck
  15. The New Gold Standard: Rediscovering the Power of Gold to Protect and Grow Wealth Paul Nathan
  16. Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation Daniel Gross
  17. Theory of Games and Economic Behavior: 60th Anniversary Commemorative Edition John von Neumann
  18. Capitalism without Capital: The Rise of the Intangible Economy Stian Westlake
  19. Financial Statements, Third Edition: A Step-by-Step Guide to Understanding and Creating Financial Reports Thomas Ittelson
  20. TraderMind: Get a Mindful Edge in the Markets Steve Ward
  21. Globalizing Capital: A History of the International Monetary System - Third Edition Barry Eichengreen
  22. Option Volatility and Pricing: Advanced Trading Strategies and Techniques Sheldon Natenberg
  23. Outperform : Inside the Investment Strategy of Billion Dollar Endowments: Inside the Investment Strategy of Billion Dollar Endowments John Baschab
  24. The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist Brett N. Steenbarger
  25. Discussion Materials: Tales of a Rookie Wall Street Investment Banker Bill Keenan
  26. IT-Driven Business Models: Global Case Studies in Transformation John M. Jordan
  27. Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur Brad Feld
  28. Behavioral Game Theory: Experiments in Strategic Interaction Colin F. Camerer
  29. Corporate Turnaround Artistry: Fix Any Business in 100 Days Jeff Sands, CTP
  30. Summary of Gregory Zuckerman's The Man Who Solved the Market IRB Media
  31. 50 business models of the new economy. Lessons from unicorn companies Mikhail Ivanov
  32. Visible Hand: A Wealth of Notions on the Miracle of the Market Matthew Hennessey
  33. 7 Powers: The Foundations of Business Strategy Hamilton Helmer
  34. Leading with AI and Analytics: Build Your Data Science IQ to Drive Business Value Florian Zettelmeyer
  35. The Fundable Startup: How Disruptive Companies Attract Capital Fred M. Haney
  36. Selling Your Startup: Crafting the Perfect Exit, Selling Your Business, and Everything Else Entrepreneurs Need to Know Alejandro Cremades
  37. Merger Masters: Tales of Arbitrage Mario Gabelli
  38. The Synergy Solution: How Companies Win the Mergers and Acquisitions Game Jeff Weirens
  39. Rules of Thumb Alan M. Webber
  40. The Customer-Funded Business: Start, Finance, or Grow Your Company with Your Customers' Cash John Mullins
  41. Investing in Real Estate, 6th Edition Gary W. Eldred
  42. Story 10X: Turn the Impossible Into the Inevitable Michael Margolis

Vælg dit abonnement

  • Over 600.000 titler

  • Download og nyd titler offline

  • Eksklusive titler + Mofibo Originals

  • Børnevenligt miljø (Kids Mode)

  • Det er nemt at opsige når som helst

Flex

For dig som vil prøve Mofibo.

89 kr. /måned
  • 1 konto

  • 20 timer/måned

  • Gem op til 100 ubrugte timer

  • Eksklusivt indhold hver uge

  • Fri lytning til podcasts

  • Ingen binding

Prøv gratis
Den mest populære

Premium

For dig som lytter og læser ofte.

129 kr. /måned
  • 1 konto

  • 100 timer/måned

  • Eksklusivt indhold hver uge

  • Fri lytning til podcasts

  • Ingen binding

Start tilbuddet

Unlimited

For dig som lytter og læser ubegrænset.

149 kr. /måned
  • 1 konto

  • Ubegrænset adgang

  • Eksklusivt indhold hver uge

  • Fri lytning til podcasts

  • Ingen binding

Start tilbuddet

Family

For dig som ønsker at dele historier med familien.

Fra 179 kr. /måned
  • 2-6 konti

  • 100 timer/måned pr. konto

  • Fri lytning til podcasts

  • Kun 39 kr. pr. ekstra konto

  • Ingen binding

2 konti

179 kr. /måned
Start tilbuddet