The Crisis of Crowding读书介绍
| 类别 | 页数 | 译者 | 网友评分 | 年代 | 出版社 |
|---|---|---|---|---|---|
| 书籍 | 512页 | 2020 | Bloomberg Press |
| 定价 | 出版日期 | 最近访问 | 访问指数 |
|---|---|---|---|
| USD 40.00 | 2020-02-20 … | 2020-12-31 … | 18 |
A rare analytical look at the financial crisis using simple analysis The economic crisis that began in 2008 revealed the numerous problems in our financial system, from the way mortgage loans were produced to the way Wall Street banks leveraged themselves. Curiously enough, however, most of the reasons for the banking collapse are very similar to the reasons that Long-Term Capital Management (LTCM), the largest hedge fund to date, collapsed in 1998. The Crisis of Crowding looks at LTCM in greater detail, with new information, for a more accurate perspective, examining how the subsequent hedge funds started by Meriwether and former partners were destroyed again by the lapse of judgement in allowing Lehman Brothers to fail. Covering the lessons that were ignored during LTCM's collapse but eventually connected to the financial crisis of 2008, the book presents a series of lessons for hedge funds and financial markets, including touching upon the circle of greed from homeowners to real estate agents to politicians to Wall Street. Guides the reader through the real story of Long-Term Capital Management with accurate descriptions, previously unpublished data, and interviews Describes the lessons that hedge funds, as well as the market, should have learned from LTCM's collapse Explores how the financial crisis and LTCM are a global phenomena rooted in failures to account for risk in crowded spaces with leverage Explains why quantitative finance is essential for every financial institution from risk management to valuation modeling to algorithmic trading Is filled with simple quantitative analysis about the financial crisis, from the Quant Crisis of 2007 to the failure of Lehman Brothers to the Flash Crash of 2010 A unique blend of storytelling and sound quantitative analysis, The Crisis of Crowding is one of the first books to offer an analytical look at the financial crisis rather than just an account of what happened. Also included are a layman's guide to the Dodd-Frank rules and what it means for the future, as well as an evaluation of the Fed's reaction to the crisis, QE1, QE2, and QE3.
作者简介路德维希 B. 钦塞瑞尼
旧金山大学管理学院金融学副教授，IndexIQ学术委员会成员，对冲基金金融顾问。他曾是乔治城大学的金融学教授，还曾是Rydex Global Advisors的研究部主任—在此，他研发了标准普尔500的平均加权指数和ETF，协助推出了一篮子创新交易和组合管理平台。他也曾经工作于国际清算银行投资组合管理小组和施罗德集团的投资部。
钦塞瑞尼向本科生和MBA学生讲授金融学。他在麻省理工学院获得博士学位，在加州大学伯克利分校获得学士学位。
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