Dekorationsartikel gehören nicht zum Leistungsumfang.
Efficiently Inefficient
How Smart Money Invests and Market Prices Are Determined
Taschenbuch von Lasse Heje Pedersen
Sprache: Englisch

26,45 €*

inkl. MwSt.

Versandkostenfrei per Post / DHL

auf Lager, Lieferzeit 1-2 Werktage

Kategorien:
Beschreibung
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 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.
Über den Autor
Lasse Heje Pedersen
Details
Erscheinungsjahr: 2019
Fachbereich: Allgemeines
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Seiten: 348
Inhalt: Kartoniert / Broschiert
ISBN-13: 9780691196091
ISBN-10: 0691196095
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Pedersen, Lasse Heje
Hersteller: Princeton Univers. Press
Abbildungen: 65 b&w illus./ 16 tables
Maße: 233 x 158 x 25 mm
Von/Mit: Lasse Heje Pedersen
Erscheinungsdatum: 01.09.2019
Gewicht: 0,584 kg
preigu-id: 115683698
Über den Autor
Lasse Heje Pedersen
Details
Erscheinungsjahr: 2019
Fachbereich: Allgemeines
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Seiten: 348
Inhalt: Kartoniert / Broschiert
ISBN-13: 9780691196091
ISBN-10: 0691196095
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Pedersen, Lasse Heje
Hersteller: Princeton Univers. Press
Abbildungen: 65 b&w illus./ 16 tables
Maße: 233 x 158 x 25 mm
Von/Mit: Lasse Heje Pedersen
Erscheinungsdatum: 01.09.2019
Gewicht: 0,584 kg
preigu-id: 115683698
Warnhinweis

Ähnliche Produkte

Ähnliche Produkte