Efficiently Inefficientepub,mobi,azw3格式电子书下载，作者：Lasse Heje Pedersen-读书派

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.

Lasse Heje Pedersen is a finance professor at Copenhagen Business School and New York University’s Stern School of Business, and a principal at AQR Capital Management. A distinguished financial economist, he has won a number of awards, notably the Bernácer Prize, awarded to European economists under forty who have made outstanding contributions in macroeconomics and finance.

henix

11-18

http://bbs.pinggu.org/a-1816094.html

hibernate

10-19

[PL]非常好的对冲基金类型的总结，某些类似“骨骼”这样的内容还真得是内行人才能有深入的从上至下的理解。评价区有觉得此书太浅的，可能是对于行业认识有误差。策略和执行本来就是在这行业的生存之道，是不可能也不会有人会全面解锁的。换一个说法，能解锁的必然已经是不太可能获利的模式。

子珂

10-14

教科书级别，简明介绍了各类交易风格. (1) 市场是部分无效的，也有很多类型，人们通过不同方式去利用无效从而盈利（即交易策略）, or profit from pricing risks (better than the market). (2) 投资 = value + mom + quaility; quality ~ growth, profitibility, safety, management. chp 7, 9, 12 对我比较有价值. 希望以后能多研究11 macro部分

Efficiently Inefficient

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