SKU: 82019938543

Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes

Sale price$39.78 Regular price$44.20
Save 10%

Shipping Estimate
USA
  • USA
  • CAN

Ships within 48 hours · Estimated delivery Jul 11 - Jul 16

Promo Codes Available:

For Your Every Summer RSVP, with Code: SUMMER15

Description

Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market CrashesHow investment strategies designed to reduce risk can increase risk for everyone and can crash markets and economies Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we

How investment strategies designed to reduce risk can increase risk for everyone--and can crash markets and economies
Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we have suffered in recent decades were not perfect storms. Instead, they were made by us. By understanding how and why this is so, we may be able to avoid or ameliorate future crises--and maybe even anticipate them.
One of today's leading financial thinkers, Bruce I. Jacobs, examines recent financial crises--including the 1987 stock market crash, the 1998 collapse of the hedge fund Long-Term Capital Management, the 2007-2008 credit crisis, and the European debt crisis--and reveals the common threads that explain these market disruptions. In each case, investors in search of safety were drawn to novel strategies that were intended to reduce risk but actually magnified it--and blew up markets. Too Smart for Our Own Good takes a behind-the-curtain look at:
-The inseparable nature of investment risk and reward and the often counterproductive effects of some popular approaches for reducing risk-A trading strategy known as portfolio insurance and the key role it played in the 1987 stock market crash-How option-related trading disrupted markets in the decade following the 1987 crash-Why the demise of Long-Term Capital Management in 1998 wreaked havoc on US stock and bond markets -How mortgage-backed financial products, by shifting risk from one party to another, created the credit crisis of 2007-2008 and contributed to the subsequent European debt crisis
This broad, detailed investigation of financial crises is the most penetrating and objective look at the subject to date. In addition, Jacobs, an industry insider, offers invaluable insights into the nature of investment risk and reward, and how to manage risk.
Risk is unavoidable--especially in investing--and financial markets connect us all. Until we accept these facts and manage risk in responsible ways, major crises will always be just around the bend. Too Smart for Our Own Good is a big step toward smarter investing--and a better financial future for everyone.



Binding Type: Hardcover
Publisher: McGraw-Hill Education
Published: 12/05/2018
ISBN: 9781260440546
Pages: 464
Weight: 1.55lbs
Size: 9.10h x 6.00w x 1.70d
Shipping Notes
  • Free Standard Shipping on $100+ Orders to the USA.
  • Except Preorder products are shipped in 48 hours.
  • Delivery to the USA:
  1. Standard Shipping : 3-10 business days
  • If time is of the essence, please consider selecting expedited delivery for faster service.
Exchange/Return Notes
  • We offer a 30-day return/exchange service after receiving.
  • Final sale items are not eligible for returns or exchanges.
  • To process your return/exchange, please contact us at [email protected]
  • Please click here for more details>>> Return & Exchange Policy
SKU: 82019938543

Discover Niche Categories That Outsell

Top-Converting Item to Boost Your Average Order

4.5 ★★★★★
Based on 1923 reviews
Sort
Highest Rating
Newest First
Oldest First
Product Reviews
E
Em
Omaha, US
★★★★★ 5
Excellent
Excellent reflections on the most important subject. This book provides and intermediate Christology. It brings the Biblical text and conciliar theology to help illuminate current discussions and debates on the person and work of Christ. Highly recommended.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on February 11, 2024
D
Verified Purchase
D. Morgan
Birmingham, US
★★★★★ 5
Exactly what my sink needed!!
Color: Black, Color: Black
Okay, this thing turned out to be way more useful than I expected. It’s big enough to actually hold everything — sponge, scrub brush, even the soap dispenser — without looking cluttered or crammed together. Plus everything dries faster, so my sink area finally doesn’t look like a wet chaotic mess all the time. 😅 The quality is really solid too. Feels sturdy, doesn’t rust, and was super easy to install. It stays put and keeps water from collecting around the sink, which honestly makes cleanup so much easier. Such a simple little product, but it really does make the kitchen look cleaner and more organized. Definitely recommend.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on May 26, 2026
A
Verified Purchase
Amazon Customer
Waukegan, US
★★★★★ 5
Worth the price !
Color: Black
This is a great way to put everything together. Everything on the counter looks organized and it’s a great wayto get all your sponges and dish soap and everything to look nice. I was pleased that it is well-made and sturdy. It’s very handy and I’m very happy with it. I’ve been using it for about a week. I have bought different products in the past which were OK but this one holds everything not just some. Do you highly recommend it it is worth the price !!
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on June 1, 2026
B
Verified Purchase
Babita
Cuba, US
★★★★★ 5
It’s sturdy, easy to assemble
Color: Black
I really like this sink organizer. It’s sturdy, easy to assemble, and keeps my sink area neat and clutter-free. It holds soap, brushes, and sponges perfectly, while draining water well and staying clean without rusting.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on May 28, 2026
J
Verified Purchase
Jeannette Vasquez
Lowell, US
★★★★★ 5
Space-Saving and very practical sink organizer
Color: Black, Color: Black
This sink caddy is a great addition to my kitchen- The 90-degree L-shaped design fits perfectly in the corner of the sink, making excellent use of space without cluttering the countertop. It easily holds sponges, brushes, and soap, keeping everything organized and within reach. The metal construction feels sturdy and well-made, and it stays stable without sliding around. I also like that it allows items to dry quickly, which helps keep everything more hygienic. Overall, it is a simple but very functional organizer that keeps the sink area neat and efficient. Highly recommended for anyone looking to save space and stay organized.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on April 19, 2026

recommand products