PREDATORY TRADING AND CROWDED EXITS: NEW THINKING ON MARKET VOLATILITY
Book ID/图书代码： 05930010B35645
English Summary/英文概要： In this book, the author looks at a series of market phenomena that involve security prices moving temporarily away from their ’fair value’, creating opportunities for traders to profit (and the risk of losses for the unaware!). The phenomena he examines have only recently begun to be well understood. They include ’predatory trading’ and ’crowded exits’. He examines these on three levels: Firstly, he describes the basic principles and theory behind each phenomenon, to build a solid framework for the way a trader should think of these situations. Secondly, he examines the accumulated ’empirical’ evidence on these situations. This gives an idea of what generally happens in these situations, and what the profit opportunity and the risks might be like. Finally, the author considers a number of individual cases to illustrate what can happen to traders in practice. Often, these will be special situations or extreme events from history, but always cases from which the trader can learn. By understanding these phenomena thoroughly in this way, a trader could gain an ’edge’ over others in the market. In the first instance, this is achieved by avoiding becoming the victim of the phenomena the author describes. Secondly, it might be possible to use detailed knowledge of some of these situations to (legally and ethically) profit from the events. This book will be of interest to traders seeking to gain an ’edge’ through a superior understanding of how markets work, both in theory and in practice. It will also be of interest to longer-horizon investors who are seeking to avoid timing errors, and to risk managers seeking to understand better the subtleties of risk beyond traditional risk statistics. Finally, academics and students of markets will find this work stimulating and thought provoking.
Chinese Summary/中文概要： 安本資產管理的全球股票投資大師
提供市場投資新趨勢 從波動股市找出一條“活”路
安本資產管理公司是近年來在海外基金市場快速竄起，榮獲國際媒體機構評比獎勵，評選為最佳英國投資管理集團，總資產超過232億美元，所管理的全球資產超過1,380億美金，是擴展最迅速的跨國投資集團之一。
盲目的投資和缺乏資金運用的靈活度，將是導致投資風險大增的主因。股票投資專家James Clunie在本書中提供證明可行、簡單易用的投資技巧，以循序漸進、實例與講解相結合，幫助投資人準確掌握市場的脈動，在恰到好處的時候投資買進和賣出，並提出用於經營投資組合，並且幫助投資人賺取可觀利潤。(CL)
Awards/获奖情况：
About the Author/作者介绍： James Clunie是英國股市及金融的專業分析師，曾在愛丁堡大學教授如何操作股票短期買賣。擁有數學應用和統計學，整合性策略管理架構的證照及特許財務分析師的認證資格。James也是安本資產管理的全球股票投資大師。
Format:HARDCOVER
Rights Status/版权销售情况：Simplified Chinese/简体中文：AVAILABLE
Complex/Traditional Chinese/繁体中文：AVAILABLE
Sales in other countries/其他国家销售情况：
原文第一章内容：暂无
手稿：暂无
大纲：暂无