SKU: 82019938543

Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes

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Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market CrashesHow investment strategies designed to reduce risk can increase risk for everyone and can crash markets and economies Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we

How investment strategies designed to reduce risk can increase risk for everyone--and can crash markets and economies
Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we have suffered in recent decades were not perfect storms. Instead, they were made by us. By understanding how and why this is so, we may be able to avoid or ameliorate future crises--and maybe even anticipate them.
One of today's leading financial thinkers, Bruce I. Jacobs, examines recent financial crises--including the 1987 stock market crash, the 1998 collapse of the hedge fund Long-Term Capital Management, the 2007-2008 credit crisis, and the European debt crisis--and reveals the common threads that explain these market disruptions. In each case, investors in search of safety were drawn to novel strategies that were intended to reduce risk but actually magnified it--and blew up markets. Too Smart for Our Own Good takes a behind-the-curtain look at:
-The inseparable nature of investment risk and reward and the often counterproductive effects of some popular approaches for reducing risk-A trading strategy known as portfolio insurance and the key role it played in the 1987 stock market crash-How option-related trading disrupted markets in the decade following the 1987 crash-Why the demise of Long-Term Capital Management in 1998 wreaked havoc on US stock and bond markets -How mortgage-backed financial products, by shifting risk from one party to another, created the credit crisis of 2007-2008 and contributed to the subsequent European debt crisis
This broad, detailed investigation of financial crises is the most penetrating and objective look at the subject to date. In addition, Jacobs, an industry insider, offers invaluable insights into the nature of investment risk and reward, and how to manage risk.
Risk is unavoidable--especially in investing--and financial markets connect us all. Until we accept these facts and manage risk in responsible ways, major crises will always be just around the bend. Too Smart for Our Own Good is a big step toward smarter investing--and a better financial future for everyone.



Binding Type: Hardcover
Publisher: McGraw-Hill Education
Published: 12/05/2018
ISBN: 9781260440546
Pages: 464
Weight: 1.55lbs
Size: 9.10h x 6.00w x 1.70d
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SKU: 82019938543

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Overpriced for a cheaply made shirt. The hems are glued down, not sewn.
Color: Grey/Black Square, Size: XX-Large, Color: Grey/Black Square, Size: XX-Large
I'm not sure how well this shirt is going to hold up, but I'll give them it's lightweight and cool! LOL There's almost nothing to it, it's so light. Mrs Aloha Friday is really crafty, but doesn't do much sewing. It's like she made this shirt with those tapes that you use to hold a hem temporarily, with an iron. LOL She's now got the idea she can make me shirts herself by just gluing them together! ;o) Neither of us is sure how well this will hold up to multiple washes. I'll edit my review if it falls apart. I think the price is nuts for what you get, at $27 as of this writing. There are literally holes in the shirt! I'd feel better recommending it at around $10. If you need something lightweight, yet still an actual shirt, here ya go. The problem is, I'll need to wear an undershirt under this or I'll just sweat right through it in the heat, and it will show the texture of everything it rests against, like the hairs on my chest. Or worse, they'll poke through the holes! Gah!! LOL So sorry for that imagery. I got the Grey/Black square.
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Esabel.C Mens Mesh Polo Shirt Moisture Wicking Short Sleeve
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This is the Esabel.C Mens Golf Polo Shirt. It's moisture wicking works out great. I wear it quite often golfing. Very comfortable and light weight. The color I got was the Lightblue Rhombus. They have 6 different ones to choose from. And the price is not bad either. As far as the size goes, I went by their chart, which was large, and it fits very well. I've had no problems with it. Like I said, I wear it very often.
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I ordered this golf shirt and it's becoming one of my favorites. I'm a medium build 6'3", 42" chest and the large fits me very well with plenty of room for movement but a nice trim look. The lightweight material is soft and breathable, with a small bit of stretch. It's easy to care for with machine wash and dry, and comes out wrinkle-free. This shirt is very well made and is a good value - I highly recommend it.
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