When Markets Collide and over 2 million other books are available for Amazon Kindle . Learn more
FREE Delivery in the UK.
Only 2 left in stock (more on the way).
Dispatched from and sold by Amazon.
Gift-wrap available.
Quantity:1
When Markets Collide: Inv... has been added to your Basket
+ £2.80 UK delivery
Used: Very Good | Details
Sold by SNaylerBooks
Condition: Used: Very Good
Comment: Orders shipped daily from the UK. All international orders sent via airmail. Professional seller. Enquiries responded to daily.
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

When Markets Collide: Investment Strategies for the Age of Global Economic Change Hardcover – 1 Jul 2008

11 customer reviews

See all 5 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle Edition
"Please retry"
Hardcover
"Please retry"
£17.99
£10.71 £0.01
£17.99 FREE Delivery in the UK. Only 2 left in stock (more on the way). Dispatched from and sold by Amazon. Gift-wrap available.

Frequently Bought Together

When Markets Collide: Investment Strategies for the Age of Global Economic Change + Lords of Finance: 1929, The Great Depression, and the Bankers who Broke the World + The Last Tycoons: The Secret History of Lazard Frères & Co.: The Secret History of Lazard Freres & Co.
Price For All Three: £39.21

Buy the selected items together



Product details

  • Hardcover: 304 pages
  • Publisher: McGraw-Hill Professional (1 July 2008)
  • Language: English
  • ISBN-10: 0071592814
  • ISBN-13: 978-0071592819
  • Product Dimensions: 16 x 2.9 x 23.9 cm
  • Average Customer Review: 2.5 out of 5 stars  See all reviews (11 customer reviews)
  • Amazon Bestsellers Rank: 225,950 in Books (See Top 100 in Books)

More About the Author

Mohamed A. El-Erian is CEO of PIMCO, one of the largest investment management companies in the world. He formerly served as president and CEO of Harvard Management Company, the firm that manages the university's $35 billion endowment. He spent 15 years at the International Money Fund, working on policy, capital market, and multilateral economics issues. El-Erian has been featured by Bloomberg, Forbes, Financial Times, Latin Finance, CNBC, The New York Times, and The Wall Street Journal. In 2004, Fortune named him a member of its eight-person "Mutual Fund Dream Team". His book 'When Markets Collide' won the Financial Times Goldman Sachs Business Book of the Year 2008.


Product Description

Review

Mohammed El-Erian's When Markets Collide is shortlisted for the FT/Goldman Sachs Business Book of the Year Award 2008
-- FT, September 18th 2008

From the Back Cover

The #1 New York Times and #1 Wall Street Journal Bestseller

“Mohamed A. El-Erian is one of the most gifted and successful riskmanagement practitioners in the world. In this book he combines anacademic’s insight into advanced risk analysis with a portfolio manager’sgrasp of real world economics. This book is an essential read for those whowish to understand the modern world of investing.”
—Alan Greenspan

"Few people are as well positioned to understand markets as Mohamed El-Erian. He is almost unique in being able to attack the credit crisis from the perspectives of academic economist, policy official, investment banker and fund manager...Mr. El-Erian's insights are as valuable as ever."
--Financial Times

"El-Erian is a doer and a thinker and someone who understands the risks of rare events. [Never before, have] I seen such a combination. Read this book."
—Nassim Nicholas Taleb, author The Black Swan

“This extraordinary book portrays the future with a powerful andtrail-blazing illumination of the past.”
—Peter L. Bernstein, author Capital Ideas Evolving

“Brilliantly written, easy to understand—a forceful explanationof our changing global economy.”
—Bill Gross, Managing Director, Founder and CIO, PIMCO

“Mohamed El-Erian, with his deep grounding in economics and his profoundknowledge of financial markets, has written a book that no one else could write.”
—Seth A. Klarman

“Mohamed El-Erian’s book is an important, wise and insightful analysis….”
—Michael Spence, recipient of the Noble Prize in Economics (2001)

“I can think of no better guide to the terrifying yet exhilaratingnew world of global finance….”
—Niall Ferguson, William Ziegler Professor at Harvard Business School

“Mohamed El-Erian is a deep thinker of the global financial and economic scene.”
—Arminio Fraga, Founding Partner, Gavea Investimentos and Former President, Central Bank of Brazil

“Mohamed El-Erian is that rare creature: a skillful participantin financial markets who is also a brilliant analyst of them. He has writtena book that is important and urgent.”
—Fareed Zakaria, editor, Newsweek International

"Mr. El-Erian . . . offers extremely detailed advice.”
--Paul B. Brown, The New York Times

“El-Erian...specializes in spotting trends amid the blur and clanging noise of markets in motion. He steps back to consider the big picture and offer tips on how to allocate your assets in his new book, When Markets Collide: Investment Strategies for the Age of Global Economic Change. El-Erian does offer something valuable for investors seeking to benefit from the global economic realignment: a road map. In a chapter on asset allocation, he provides an illustrative mix for a long-term U.S.-based investor.”
--Bloomberg News

“The recent turmoil in financial markets is a symptom of realigning economic power around the world, promising investors more rough times ahead, prominent fund manager Mohamed El-Erian writes in a new book.”
--Reuters


Inside This Book

(Learn More)
Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index
Search inside this book:

Customer Reviews

2.5 out of 5 stars
Share your thoughts with other customers

Most Helpful Customer Reviews

29 of 33 people found the following review helpful By Billy Preston on 17 Dec. 2008
Format: Hardcover
No doubt Mohamed El-Erian have learned the slang of the City and Wall Street. He punishes the reader with a dense, and many times unfocused, book written perhaps too early and with the intention to explain the dynamics that are changing the global economy. He was the first to get a book out so good for him, but it is not the best and definitely you can summarise his message in less than 20 pages. The other 280 pages are full of the same annoying words used by Investment bankers trying to look smart. Overall, the book is a collection of his contributions to Financial Times, WSJ as well as conferences, and Mohamed has been adding comments here and there to make this look like a book. Again and again we read about the "secular" destination and every chapter gets introduced as he did in the preface.

Mohamed is extremelly inteligent and and one of the true intense minds in the market, but his book is awful. I hope he and his editor make an effort in the second edition as they will need to update it with the more juicy events that happened after he wrote this "finished-in-a-rush" book in January 2008. In any case, he won the award of "book of the year" by FT and Goldman Sachs so I guess it is no longer necesary to have writing skills but just telling people how to distinguish "noise" from true signals. Analysts and associates will enjoy this book, but serious professionals will put it down after few pages.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
6 of 7 people found the following review helpful By Nicholas Johnson on 13 Jan. 2009
Format: Hardcover
I found plenty of interest in this volume, but also parts which made my eyes glaze over. I have a background in economics, but I do find thickets of financial jargon hard to comprehend at times. I have to admit that I skipped a few pages here and there, but only where I couldn't see the relevance to my own interests.

The author covers what he calls the 'journey' to the 'secular destination' in the global financial and economic landscape. Essentially this represents changes in the global economy which are taking place now and are likely to continue for a number of years into the future: the buildup of current account surpluses in emerging and oil-rich economies in recent years, and the counterpart deficits in some countries in the rich world, particularly the US; the emergence of Sovereign Wealth Funds (SWFs) in the former group of countries and their evolving investment strategies; and the shift in global growth towards emerging economies and away from the US as the global 'spender of last resort'.

The author traces, in a somewhat opaque fashion, the origins of the current financial crisis, though the book was published in early 2008 and he misses out on the really serious financial turmoil that took place towards the end of that year. To be fair however, he does promise a 'bumpy ride' to his 'secular destination'.

He calls for reform on the part of investors, and national and international policy-makers to make the 'journey' of economic adjustments as smooth as possible. It may be a little late for that given recent events, but perhaps his intentions could be heeded to avoid further major disruptions. I was really looking forward to what he had to suggest in these areas but I was disappointed.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
18 of 22 people found the following review helpful By Catherine FitzMaurice on 16 Nov. 2008
Format: Hardcover
When Markets Collide: Investment Strategies for the Age of Global Economic Change
Mohamed El Erian has spent many years involved in the emerging markets and this book gives a very valuable insight into the impact that these markets are having on the financial landscape and how to capitalize on it.

In future the emerging markets will be much more important drivers of the world economy than the US, UK, Europe or Japan.

The book talks about the crisis caused by the undervaluation of risk combined with the under-assessment of the quantity of risk outstanding and the consequential fundamental changes taking place. The sheer complexity of the structure of financial products and the inability of the regulatory system to keep on top of these developments has been a catalyst in the resulting financial chaos as has the advance in technology. Technology has undermined the role of the sell side in price discovery which has caused the sell side to extend their activities into new and unfamiliar areas at greater risk of market accidents.

Derivative based products significantly reduced barriers to entry in a range of markets and the complexity stemmed from the ground upwards. Domestic mortgages are taken as a good example. Gone were the days of plain vanilla fixed or floating loans. Instead a plethora of structures were offered, many so complex that household borrowers didn't understand them.

The author emphasises the importance of interpreting signals and differentiating between what is noise and what are real structural changes. He focuses on China as being the most important contributor to world growth.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
9 of 11 people found the following review helpful By M. Mitev on 2 Jan. 2009
Format: Hardcover
This book is so unbelievably bad that after reading the first 10 pages I was in a rage that I had actually paid money for it. Later I managed to go through selected pages across the whole book, and it got even worse! It is the equivalent of the homework of a 1-st year university student that has collected superficial materials from the media and collected them in a text without having any idea or personal experience on the subject. I have read many good books on investment (among others Inside the House of Money, Hedge Hunters, Hedge Hogging, Fooling Some People Most of the Time) and compared to them, this one is the equivalent of a ponzi-scheme - you pay money and get nothing for it. I also work in finance and I agree with every word that Julio Cortazar says below. The only thing where I have my suspicion is that El Erian himself has written the book. It seems more probable that it was his secretary.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again


Feedback