When Markets Collide: Investment Strategies for the Age of Global Economic Change

When Markets Collide: Investment Strategies for the Age of Global Economic Change

By Mohamed El-Erian

Written by the man who "Fortune" magazine refers to as a "Global Guru," "When Markets Collide" offers a cogent picture of the rapidly changing world financial system, and provides a detailed blueprint for capitalizing on the opportunities now available.

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Book Information

Publisher: McGraw-Hill Companies
Publish Date: 06/13/2008
Pages: 320
ISBN-13: 9780071592819
ISBN-10: 0071592814
Language: English

What We're Saying

December 16, 2008

Jack and Todd will soon have the definitive list of the best business books of all time published, but, in the meantime, here is what The Independent's Sean O'Grady has to say on the matter. He chooses from both "timeless classics [and] the latest crop of credit crunch chronicles. " It's an interesting list because it's from a newspaper that leans to the left side of the British political spectrum, providing a perspective from the side of the aisle that doesn't speak up on business books as often. READ FULL DESCRIPTION

December 16, 2008

The Economist has chosen their books of the year in a variety of categories. You can go through the entire list here, but I've listed the choices in the Economics & Business category for quick review below. The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash by Charles R. READ FULL DESCRIPTION

December 12, 2008

The books on our 2008 shortlist for the Finance & Economics Category are: The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives by Michael Heller (Basic Books, July 2008) Michael Heller didn't have language to describe the tragedy he saw occurring due to too much ownership, so he coined the term "the tragedy of the anticommons"--a term that describes the overreaction to the "tragedy of the commons,"--when public resources are overused and degraded. In The Gridlock Economy, Heller cites time and again examples of stifled innovation and lost economic growth due to outdated patent law, underuse of resources and, in general, too much ownership. The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash by Charles R. READ FULL DESCRIPTION

December 03, 2008

If you follow business books, you no doubt know that The Financial Times and Goldman Sachs award one book each year The Financial Times and Goldman Sachs Business Book of the Year. What you may have escaped your business book radar is The Financial Times Management Blog and their picks of the 2008 crop. Most of the books that made the FT/Goldman Sachs shortlist made this list as well (I'll point them out below), the sole exception being William J. READ FULL DESCRIPTION

October 15, 2008

The Financial Times and Goldman Sachs Business Book of the Year was announced last night at a Gala Dinner in New York, and congratulations are in order for Mr. Mohamed El-Erian. He has won the prize for his book When Markets Collide: Investment Strategies for the Age of Global Economic Change. READ FULL DESCRIPTION

August 19, 2011

Understandably (looking at the award sponsors), the FT/Goldman Sachs Book Award always tends more toward macroeconomics, high finance and big business. But they always seem to pick well, and I always find books I feel the need to revisit when they announce their list. Just in case you missed the announcement of the the award's longlist as I did, it is: Grand Pursuit: The Story of Economic Genius by Sylvia Nasar, Simon & Schuster No Angel: The Secret Life of Bernie Ecclestone by Tom Bower, Faber & Faber Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit V. READ FULL DESCRIPTION

May 10, 2011

The call is on for submissions to the 2011 Financial Times and Goldman Sachs Business Book of the Year Award. From the press release: Now in its seventh year, the award is firmly established as a feature of the business and publishing calendars. [. READ FULL DESCRIPTION

May 29, 2012

The search is now on for the 2012 Financial Times and Goldman Sachs Business Book of the Year. From the official announcement: This annual Award, promoted by the Financial Times Limited and the Goldman Sachs Group, Inc. aims to identify the book that provides the most compelling and enjoyable insight into modern business issues, including management, finance and economics. READ FULL DESCRIPTION

May 21, 2014

There has been a shake up around one of the major business book awards given every year, with McKinsey & Company taking the place of Goldman Sachs as the partner of the Financial Times for the tenth year of their prestigious award. Submissions have been open since last month, and they officially announced the launch of the 2014 Business Book of the Year Award yesterday. Also a first this year, they have announced an additional award—the Bracken Bower Prize—which "will be given to a promising young writer with the best proposal for a book about an emerging business theme. READ FULL DESCRIPTION

January 28, 2016

Mohamed A. El-Erian's new book provides the crucial roadmap for preventing the next global economic catastrophe. READ FULL DESCRIPTION

Full Description

SELECTED AS A 2008 BEST BUSINESS BOOK OF THE YEAR BY THE ECONOMIST

"ONE OF THE SMARTEST INVESTORS ON THE PLANET."--MONEY MAGAZINE

"This book is an essential read for those who wish to understand the modern world of investing."
--Alan Greenspan

Winner of the 2008 Financial Times and Goldman Sachs Business Book of the Year Award

When Markets Collide is a timely alert to the fundamental changes taking place in today's global economic and financial systems--and a call to action for investors who may fall victim to misinterpreting important signals. While some have tended to view asset class mispricings as mere "noise," this compelling book shows why they are important signals of opportunities and risks that will shape the market for years to come. One of today's most respected names in finance, Mohamed El-Erian puts recent events in their proper context, giving you the tools that can help you interpret the markets, benefit from global economic change, and navigate the risks.

The world economy is in the midst of a series of hand-offs. Global growth is now being heavily influenced by nations that previously had little or no systemic influence. Former debtor nations are building unforeseen wealth and, thus, enjoying unprecedented influence and facing unusual challenges. And new derivative products have changed the behavior of many market segments and players. Yet, despite all these changes, the system's infrastructure is yet to be upgraded to reflect the realities of today's and tomorrow's world. El-Erian investigates the underlying drivers of global change to shed light on how you should:

  • Think about the new opportunities and risks
  • Construct an appropriately diversified and internationalized portfolio
  • Protect your portfolio against new sources of systemic risk
  • Best think about the impact of central banks and financial policies around the world

Offering up predictions of future developments, El-Erian directs his focus to help you capitalize on the new financial landscape, while limiting exposure to new risk configurations.

When Markets Collide is a unique collection of books for investors and policy makers around the world. In addition to providing a thorough analysis and clear perspective of recent events, it lays down a detailed map for navigating your way through an otherwise perplexing new economic landscape.

About the Author

Mohamed A. El-Erian is co-CEO and co-CIO 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.

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