Efficiently inefficient
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Efficiently inefficient how smart money invests and market prices are determined by Lasse Heje Pedersen

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Published .
Written in English

Subjects:

  • Securities,
  • Prices,
  • Capital market,
  • Liquidity (Economics),
  • Investment analysis,
  • Portfolio management,
  • Investments

Book details:

About the Edition

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. -- from back cover.

Edition Notes

Includes bibliographical references (pages 323-329) and index.

StatementLasse Heje Pedersen
Classifications
LC ClassificationsHG4529 .P425 2015
The Physical Object
Paginationxiv, 348 pages
Number of Pages348
ID Numbers
Open LibraryOL27195689M
ISBN 100691166196
ISBN 109780691166193
LC Control Number2014037791
OCLC/WorldCa891494808

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  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 effectively 5/5(1). "For a book on investments, Efficiently Inefficient sets a completely different and higher standard."—Darrell Duffie, Stanford University "Efficiently Inefficient is a truly modern and masterful introduction to how finance will be studied and practiced in the twenty-first century."—Andrei Shleifer, Harvard University.   Efficiently Inefficient doesn’t fully live up to this standard but I still like it. This hybrid approach isn’t surprising given the author’s parallel and impressive career path. Pedersen is a finance professor at both NYU and Copenhagen Business School This text is an unusual hybrid of a description of hedge fund investment styles /5. "For a book on investments, Efficiently Inefficient sets a completely different and higher standard." --Darrell Duffie, Stanford University "This valuable and intriguing book provides a contemporary survey of investments across a wide spectrum of asset classes and strategies/5(51).

Book Description: 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.   Understanding how to trade in this efficiently inefficient market provides a new, engaging way to learn finance. The book analyzes how the market prices of stocks and bonds can differ from the model prices, leading to new perspectives on the .   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 effectively . 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 effectively demonstrates how financial markets really work/10(63).

Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. The book 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.   This compendium of exercises is meant to be used with the book on Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined, by Lasse Heje Pedersen, Princeton University Press, The compendium contains exercises for each chapter in the book, except the introductory chapters (i.e., chapters 6, 10, 13).   "This valuable and intriguing book provides a contemporary survey of investments across a wide spectrum of asset classes and strategies. Combining a wonderful narrative with a rigorous analytical structure,Efficiently Inefficient serves the needs of students, serious investors, and professionals. It is an important contribution to the investment literature."Reviews:   Upon diving into the book, the essence of the title (and the book) crystallize. The phrase "efficiently inefficient" combines the notion of efficient markets — the idea that prices reflect all relevant information at all times — with its opposite, inefficient markets — the idea that market prices are significantly influenced by investor.