Too Smart For Our Own Good: Ingenious Investment Strategies, Illusions Of Safety, And Market Crashes

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.Giá sản phẩm trên Tiki đã bao gồm thuế theo luật hiện hành. Bên cạnh đó, tuỳ vào loại sản phẩm, hình thức và địa chỉ giao hàng mà có thể phát sinh thêm chi phí khác như phí vận chuyển, phụ phí hàng cồng kềnh, thuế nhập khẩu (đối với đơn hàng giao từ nước ngoài có giá trị trên 1 triệu đồng).....