When Markets Collide: Investment Strategies for the Age of Global Economic Change

CDN$ 19.05

Outstanding and Insightful Book Every Investor Should Read! - This is an exceptional book! The breadth of Dr. Mohamed El-Erian s knowledge and command of economics and finance is unmatched. In this book, he provides an outstanding discussion of the so-called conundrums in the world economy and financial markets. That is useful. However, his greatest contribution is the normative aspects of the book, namely: 1) his recommendations with respect to how the financial markets regulatory regimes ought to be reformed, including that of the IMF, 2) his emphasis on the importance of emerging markets economies to investors portfolios (he provides clear-cut logic, not just empty recommendations of global diversification), and 3) his recommendations as to how investors can see through market noise and focus on secular trends in the markets. One other aspect I particularly like is his discussion about mortgage-backed securities, hedge funds, private equity, and the other hugely leveraged vehicles that have caused such financial problems as have occurred in the past year. His criticism of such excesses is not simply 20/20 in hindsight, quite to the contrary, his logic and investment track-record speaks for itself. It is my hope that he writes subsequent books so that he could share more of his saavy and brilliance.

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