Highly accessible and filled with in-depth expert opinion, Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding the complexities at stake in world financial markets.
Fed Up! As the COVID pandemic spreads across the world, readers are taken through the late-stage decadence of an exuberant market bubble to the depths of the market crash and into the early innings of a recovery. It provides readers with a front row seat on trading activity, allowing them to experience the heartbeat of the markets. Readers will experience the frenetic pace of life as a trader and will connect with the protagonist, experiencing his struggle to balance his personal values with the compromised values of the world around him.
It shines a light on the largest policy issues confronting the U. This riveting account of the market crash from inside the mind of a global macro trader will serve as an exciting, nail-biting record of current times.
It is about making fortunes while the world slips into misfortune. Will he beat the markets or will the markets beat him? With a proven personal track record of trading experience, John Netto, The Protean Trader, has found great success and personal satisfaction in working the market.
Now, in The Global Macro Edge, he pulls back the curtain to reveal the tools and techniques he's used and created to identify and solve the largest problems facing investors, traders, and financial advisors today at a level of transparency rarely seen in books on investing. The Global Macro Edge includes chapters from a talented team of market practitioners as it details how to maximize return per unit-of-risk.
And, in the process, it shatters some of the longest held investment myths: More risk equals more returnMoney always find its most efficient homeEmotions are your enemyDiversification is the only strategy you needToday's markets offer fewer opportunitiesCompensation should be based on returnsThe Global Macro Edge presents a logical and robust investment framework that can help investors, traders, and financial advisors profitably navigate global markets by enhancing their operations, analytics, and execution.
The Global Macro Edge gives you, the reader, both a top-down and bottom-up approach to Next Generation Investing that is driven by one overarching goal: maximizing return per unit-of-risk. Financial market behavior and key trading strategies—illuminated by interviews with top hedge fund experts Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing.
He explores equity strategies, macro strategies, and arbitrage strategies, and fundamental tools for portfolio choice, risk management, equity valuation, and yield curve trading. Efficiently Inefficient reveals how financial markets really work. Trade Macro, not voodoo candlesticks! Too many traders are focused on the wrong things - candlesticks, technical indicators, even DCF analysis for Macro trading. We need to keep our trades within the context of reality - the drivers behind a trade's success should be related to the fundamentals moving the market you're trading.
This book's intent is to help you make those connections, and get rid of the typical voodoo approach to short-term trading. Part 4: Short-term Macro - goes over the current March situation and expands on Part 3, extending projections to the short-termPart 5: Technical Analysis concepts, combined with fundamentalsPart 6: Options - more advanced options concepts and specifics for tradingPart 7: Examples of live trades.
The book surveys the years from to see how a person living at the time could anticipate trends; what would they focus on. In turn, this knowledge could be used in the future, together with emerging opportunities. The book shifts focus from forces that drive markets to forces that drive successful trades. The robust performance of this approach has inspired the subtitle 'A Magic Sword of Necessity'.
If you think of investing as a rigorous intellectual battle, you need to prepare for it thoroughly. Get in proper shape. Learn your moves, acquire your armor, your shield, your helmet and your battle horse. A magic weapon will be wasted if you get killed by the market's first arrow.
Every chapter in this book represents a step towards mastering the sword of necessity. Taking each of those steps has its own merit.
Too many traders are focused on the wrong things - candlesticks, technical indicators, even DCF analysis for Macro trading. We need to keep our trades within the context of reality - the drivers behind a trade's success should be related to the fundamentals moving the market you're trading. This book's intent is to help you make those connections, and get rid of the typical voodoo approach to short-term trading. Part 4: Short-term Macro - goes over the current March situation and expands on Part 3, extending projections to the short-termPart 5: Technical Analysis concepts, combined with fundamentalsPart 6: Options - more advanced options concepts and specifics for tradingPart 7: Examples of live trades.
With a proven personal track record of trading experience, John Netto, The Protean Trader, has found great success and personal satisfaction in working the market.
Now, in The Global Macro Edge, he pulls back the curtain to reveal the tools and techniques he's used and created to identify and solve the largest problems facing investors, traders, and financial advisors today at a level of transparency rarely seen in books on investing.
The Global Macro Edge includes chapters from a talented team of market practitioners as it details how to maximize return per unit-of-risk. And, in the process, it shatters some of the longest held investment myths: More risk equals more returnMoney always find its most efficient homeEmotions are your enemyDiversification is the only strategy you needToday's markets offer fewer opportunitiesCompensation should be based on returnsThe Global Macro Edge presents a logical and robust investment framework that can help investors, traders, and financial advisors profitably navigate global markets by enhancing their operations, analytics, and execution.
The Global Macro Edge gives you, the reader, both a top-down and bottom-up approach to Next Generation Investing that is driven by one overarching goal: maximizing return per unit-of-risk. Inside the House of Money lifts the veil on the typically opaque world of hedge funds, offering a rare glimpse at how today's highest paid money managers approach their craft. Author Steven Drobny demystifies how these star traders make billions for well-heeled investors, revealing their theories, strategies and approaches to markets.
Drobny, cofounder of Drobny Global Advisors, an international macroeconomic research and advisory firm, has tapped into his network and beyond in order assemble this collection of thirteen interviews with the industry's best minds. Along the way, you'll get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades.
Whether Russian bonds, Pakistani stocks, Southeast Asian currencies or stakes in African brewing companies, no market or instrument is out of bounds for these elite global macro hedge fund managers. Highly accessible and filled with in-depth expert opinion, Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding the complexities at stake in world financial markets.
Fed Up! As the COVID pandemic spreads across the world, readers are taken through the late-stage decadence of an exuberant market bubble to the depths of the market crash and into the early innings of a recovery. It provides readers with a front row seat on trading activity, allowing them to experience the heartbeat of the markets. Readers will experience the frenetic pace of life as a trader and will connect with the protagonist, experiencing his struggle to balance his personal values with the compromised values of the world around him.
It shines a light on the largest policy issues confronting the U. This riveting account of the market crash from inside the mind of a global macro trader will serve as an exciting, nail-biting record of current times.
Written by a leading trading educator, this resource analyzes the common mistakes and false assumptions that inhibit positive returns in global markets, and offers solutions that allow investors to maximize return per-unit-of-risk. Global macro themes have become the main drivers of world financial markets, and the development of electronic markets has leveled the playing field.
National economies have been ever more intertwined, and with hour access, traders of all pedigrees can move global capital more quickly and easily than ever before. The Global Macro Edge clarifies the relationships across multiple markets, allowing traders to form a more well-rounded perspective and detailed synopses of where to invest and what to trade. Topics include: Setting up information flows, analytical processes, and trading strategies Typical hour behavior cycles of various globally-traded markets Fundamental and technical tools to assess market performance Necessary attributes that make a successful global macro trader With domestic markets performing unevenly and access to global markets increasing, traders need an effective way to gather and analyze global financial information.
This book describes the fact-finding methods that allow for trend identification, and provides a variety of strategies traders can use to profit from the opportunities available. For the investor looking to go global, The Global Macro Edge provides integral information for success.
This volume explores the measurement of economic and social progress in our societies, and proposes new frameworks to integrate economic dimensions with other aspects of human well-being. Leading economists analyse the light that the recent crisis has shed on the global economic architecture, and the policies needed to address these systemic risks. Inside the House of Money lifts the veil on the typically opaque world of hedge funds, offering a rare glimpse at how today's highest paid money managers approach their craft.
Author Steven Drobny demystifies how these star traders make billions for well-heeled investors, revealing their theories, strategies and approaches to markets. Drobny, cofounder of Drobny Global Advisors, an international macroeconomic research and advisory firm, has tapped into his network and beyond in order assemble this collection of thirteen interviews with the industry's best minds.
Along the way, you'll get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades.
Whether Russian bonds, Pakistani stocks, Southeast Asian currencies or stakes in African brewing companies, no market or instrument is out of bounds for these elite global macro hedge fund managers. Highly accessible and filled with in-depth expert opinion, Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding the complexities at stake in world financial markets.
New commentary and updates to enlightening interviews with today's top global macro hedge fund managers This updated paperback edition of Inside the House of Money lifts the veil on the typically opaque world of hedge funds offering a rare glimpse at how today's highest paid money managers approach their craft.
Now with new commentary, author, Steve Drobny takes you even further into the hedge fund industry. He demystifies how these star traders make billions for their well-heeled investors, revealing their theories, strategies and approaches to markets. Whereas some still maintain that rationality permeates financial markets, Drobny captures a different dimension, showing how the unquantifiable human forces of emotion and intuition are also at play.
Along the way, readers get an inside look at firsthand trading experiences through some of the major world financial crises of the last few decades. Discusses how no market or instrument is out of bounds for these elite global macro hedge fund managers Offers unique and illuminating insight into an inaccessible and sometimes downright secretive world Written by respected industry expert Steven Drobny Highly accessible and filled with in-depth expert opinion, this updated paperback edition of Inside the House of Money is a must-read for financial professionals and anyone else interested in understanding how greed, fear, and the human forces of emotion drive world markets.
Macro Talent Management: A Global Perspective on Managing Talent in Developed Markets is the first book to focus specifically on country-level activities aimed at attracting, mobilizing, developing, and retaining top talent for economic success in developed markets. The book serves as a guide that orients the reader toward activities that increase their country's global competitiveness, attractiveness, and economic development through strategic talent management.
This book brings together leading experts from around the world to address such isues as cross-border flows of talent, diaspora mobility, knowledge flows, global labour markets, and policies. Bringing together research from the fields of human resource management, international business, economic geography, comparative international development, and political economy, this is a definitive, comprehensive treatment of the topic aimed at advanced students and practitioners.
Hedge fund managers who survived and profited through the financial crisis share their secrets In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. The noteworthy areas of focus include global and intra-regional trade and investment, as well as financial and monetary aspects. In-depth discussions have been provided on regional integration through expanding trade, financial flows, regional production networks, financial and monetary co-operation.
In taking a contemporary or post-crisis view of the Asian economy, this book offers the newest knowledge related to relevant themes on the Asian economies as well as the latest concepts. In a succinct manner, this book deals with the principal normative and positive strands with which one need to be properly familiar in this subject area.
This tightly written volume covers a great deal of ground and imparts knowledge on the Asian economy related themes to students, researchers and policy makers alike. It is easy to access for the target readership because of its descriptive analysis style, which stops short of mathematical formulations and econometric modeling.
Many students and other readers who have good analytical minds and sound knowledge of economic principles feel lost in mathematical formulations. This writing style makes it accessible to a much larger number of readers. Author : A. The topics covered include: financial globalization and the evolution of the international financial system; international macroeconomic accounting and measurement; early balance of payments approaches; the intertemporal model of international borrowing and lending; the significance of external deficits; the determinants of interest rate differentials and exchange rates; the effectiveness of monetary and fiscal policies; capital mobility and economic growth; and the causes of financial crisis in emerging economies.
Indispensable reading for understanding the roots of the crisis and the possible ways out. New light is shed on the crisis and its historical roots, and resolutions for a more robust, resilient future socio-economic model are prescribed.
Leading experts across a range of field including macroeconomics, politics, economic history, social policy, linguistics and global economic relations address key issues emerging from the crisis. They consider whether a new era in interactions between state, society and markets is actually dawning, and whether the finance-led economic growth model will be transformed into a new and more stable model.
The role of the crisis in economy, polity and society, in shaking up existing institutional regimes and in paving the way for new ones is also discussed.
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