Lasse Heje Pedersen / Efficiently Inefficient How Smart Money Invests and Market

Description: Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined Author: Pedersen, Lasse Heje Title: Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined Publication: Princeton: Princeton University Press, 2015 Description: Hardcover. 9 1/2" X 6 1/4". xiv, 348pp. Very mild shelf wear to covers, corners, and edges of unclipped dust jacket. Price sticker to rear cover of jacket. Bound in gray cloth over boards with spine lettered in white. Pages are clean and unmarked. Binding is sound.ABOUT THIS BOOK: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. 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 depth--fundamental tools for investment management, equity strategies, macro strategies, and arbitrage strategies--and he looks at such diverse topics as portfolio choice, risk management, equity valuation, and yield curve logic. 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.(Publisher). Very good / very good. Seller ID: 13096 Subject: Economics & The History of Commerce You are buying from Underground Books, a brick & mortar bookshop specializing in used, rare, antiquarian, and out of print materials. We are a proud member of the Georgia Antiquarian Booksellers Association and the Independent Online Booksellers Association. If you are ever in the West Georgia area, please visit us in Carrollton at Underground Books or in Serenbe at Hills & Hamlets Bookshop. TERMS OF SALE Payment If you win an item in one of our auctions, if your offer has been accepted, or if you have chosen to buy an item now, please make your payment as soon as possible. We will not ship until we receive notice that the buyer has paid for the item. We expect payment within 3 days or reserve the right to cancel the order. Returns and Refunds We guarantee the condition of every book as it's described in our listings. If you're dissatisfied with your purchase (Incorrect Book/Not as Described/Damaged) or if the order hasn't arrived, you're eligible for a refund within 30 days of the estimated delivery date. If you've changed your mind about a book that you've ordered, please contact us, and we will respond promptly. If you are not satisfied for any reason you may return your book for a full refund, and if the error is ours, we will pay return shipping. SHIPPING Many of our items have free media mail shipping included! For larger, multi-volume sets, the cost is calculated by weight and will vary depending on package weight and buyer location. Please allow up to three business days processing time, although many of our orders require only one day to process and ship. Combined shipping is available for bidders who purchase multiple items. If you have special shipping or handling requests, please notify us before you make your payment. This listing was created by Bibliopolis.

Price: 27.5 USD

Location: Carrollton, Georgia

End Time: 2024-02-02T21:16:10.000Z

Shipping Cost: 0 USD