Title
Efficiently Inefficient: How Smart Money Invests And Market Prices Are Determined-used
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Financial Market Behavior And Key Trading Strategiesilluminated By Interviews With Top Hedge Fund Expertsefficiently 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 Realworld Examples And Interviews With Top Hedge Fund Managers To Show How Certain Trading Strategies Make Moneyand 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 Depthfundamental Tools For Investment Management, Equity Strategies, Macro Strategies, And Arbitrage Strategiesand He Looks At Such Diverse Topics As Portfolio Choice, Risk Management, Equity Valuation, And Yield Curve Logic. The Books 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 Effectively Demonstrates How Financial Markets Really Work.Free Problem Sets Are Available Online At Http://Www.Lhpedersen.Com
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: How many pages does the book have? A: The book contains three hundred sixty-eight pages. This length allows for an in-depth exploration of financial market behavior and trading strategies.
- Q: What is the binding of the book? A: The book is bound in hardcover. This durable binding provides longevity and protection for the pages inside.
- Q: What are the dimensions of the book? A: The book measures six point seventy-five inches in length, one point twenty-six inches in width, and ten inches in height. These dimensions make it suitable for easy handling and reading.
- Q: Who is the author of this book? A: The author is Lasse Heje Pedersen, a financial economist. He combines rigorous research with practical insights from hedge fund experts.
- Q: What category does this book fall under? A: The book is categorized under Theory. It delves into complex financial concepts and strategies.
- Q: What type of strategies does the book discuss? A: The book discusses various trading strategies used by hedge funds. It covers fundamental tools, equity strategies, macro strategies, and arbitrage strategies.
- Q: How can I apply the strategies discussed in the book? A: You can apply the strategies by understanding market inefficiencies and implementing informed trading decisions based on the insights provided. The book offers practical examples and interviews that enhance comprehension.
- Q: Is this book suitable for beginners in finance? A: Yes, the book is suitable for beginners. It explains complex concepts in an accessible manner, making it easier for newcomers to understand financial markets.
- Q: Are there any online resources available for this book? A: Yes, free problem sets are available online at the author's website. These resources complement the material covered in the book.
- Q: How can I best understand the concepts in this book? A: To best understand the concepts, read the book while engaging with the problem sets online. Real-world examples and interviews provide context to the theories.
- Q: What if I receive a damaged book? A: If you receive a damaged book, contact the seller for a return or exchange. Most sellers have policies in place to address such issues.
- Q: Is there a warranty for this book? A: Books typically do not come with a warranty. However, check with the retailer for their return policy.
- Q: What should I do if I have questions about the content? A: If you have questions about the content, consider discussing them with peers or joining finance forums. Engaging with others can help clarify complex topics.
- Q: Are there any safety concerns with this book? A: No, there are no safety concerns associated with this book. It is intended for educational purposes.
- Q: Can I gift this book to someone interested in finance? A: Yes, this book makes an excellent gift for anyone interested in finance. Its insights into hedge fund strategies can benefit both novices and experienced investors.