When Markets Collide: Investment Strategies for the Age of Global Economic Change
The #1New York Timesand #1Wall Street JournalBestseller&#8220;Mohamed A. El-Erian is one of the most gifted and successful risk management practitioners in the world. In this book he combines an academic&#8217;s insight into advanced risk analysis with a portfolio manager&#8217;s grasp of real world economics. This book is an essential read for those who wish to understand the modern world of investing.&#8221;&#8212;Alan Greenspan"Few people are as well positioned to understand markets as Mohamed El-Erian. He is almost unique in being able to attack the credit crisis from the perspectives of academic economist, policy official, investment banker and fund manager...Mr. El-Erian's insights are as valuable as ever."--Financial Times"El-Erian is a doer and a thinker and someone who understands the risks of rare events. [Never before, have] I seen such a combination. Read this book."&#8212;Nassim Nicholas Taleb, authorThe Black Swan&#8220;This extraordinary book portrays the future with a powerful and trail-blazing illumination of the past.&#8221;&#8212;Peter L. Bernstein, authorCapital Ideas Evolving&#8220;Brilliantly written, easy to understand&#8212;a forceful explanation of our changing global economy.&#8221;&#8212;Bill Gross, Managing Director, Founder and CIO, PIMCO&#8220;Mohamed El-Erian, with his deep grounding in economics and his profound knowledge of financial markets, has written a book that no one else could write.&#8221;&#8212;Seth A. Klarman&#8220;Mohamed El-Erian&#8217;s book is an important, wise and insightful analysis&#8230;.&#8221;&#8212;Michael Spence, recipient of the Noble Prize in Economics (2001)&#8220;I can think of no better guide to the terrifying yet exhilarating new world of global finance&#8230;.&#8221;&#8212;Niall Ferguson, William Ziegler Professor at Harvard Business School&#8220;Mohamed El-Erian is a deep thinker of the global financial and economic scene.&#8221;&#8212;Arminio Fraga, Founding Partner, Gavea Investimentos and Former President, Central Bank of Brazil&#8220;Mohamed El-Erian is that rare creature: a skillful participant in financial markets who is also a brilliant analyst of them. He has written a book that is important and urgent.&#8221;&#8212;Fareed Zakaria, editor,Newsweek International"Mr. El-Erian . . . offers extremely detailed advice.&#8221;--Paul B. Brown,The New York Times&#8220;El-Erian...specializes in spotting trends amid the blur and clanging noise of markets in motion. He steps back to consider the big picture and offer tips on how to allocate your assets in his new book,When Markets Collide: Investment Strategies for the Age of Global Economic Change. El-Erian does offer something valuable for investors seeking to benefit from the global economic realignment: a road map. In a chapter on asset allocation, he provides an illustrative mix for a long-term U.S.-based investor.&#8221;--Bloomberg News&#8220;The recent turmoil in financial markets is a symptom of realigning economic power around the world, promising investors more rough times ahead, prominent fund manager Mohamed El-Erian writes in a new book.&#8221;--Reuters