Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes

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

Jacobs, Bruce I.

Hardcover

EconomicsInvesting & Finance

ISBN10: 1260440540
ISBN13: 9781260440546
Publisher: McGraw-Hill Companies
Published: Dec 5 2018
Pages: 464
Weight: 1.55
Height: 1.70 Width: 6.00 Depth: 9.10
Language: English
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

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