基本信息·出版社：Wiley ·页码：280 页 ·出版日期：2005年02月 ·ISBN：0470821523 ·International Standard Book Number：0470821523 ·条形码：978 ...
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Market Panic: Wild Gyrations, Risks and Opportunites in Stock Markets |
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Market Panic: Wild Gyrations, Risks and Opportunites in Stock Markets |
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基本信息·出版社：Wiley
·页码：280 页
·出版日期：2005年02月
·ISBN：0470821523
·International Standard Book Number：0470821523
·条形码：9780470821527
·EAN：9780470821527
·版本：1
·装帧：平装
·正文语种：英语
内容简介 An engaging book that offers a comprehensive and provocative analysis of the market panic phenomenon
Why are stock markets regularly gripped by panics? What gives rise to these panics? Are markets becoming more panic-prone? In Market Panic, leading market commentator Stephen Vines provides some unique answers to these questions and shows why panics offer incredible opportunities to stock market investors. He challenges some long-held assumptions about the benefits of investment diversification, offers new ways of understanding the panic cycle, and demonstrates how to predict the onset of panics. Vines also looks at how stock markets are becoming detached from the companies and economies they are supposed to represent, thus building a new and more dangerous form of instability into the market system
From the Inside Flap Many investors have shunned equity markets since the end of the dotcom boom, marking the end of the biggest global stock market bull run in history. Other investors have made a great deal of money by ignoring the disillusion with equities and have stuck with the one investment class that has outperformed all others over time. In this incisive study Stephen Vines shows how stock markets operate in good times and bad and provides timely advice on how to benefit from the regular cycle of market panic and market boom. He provides some unusual answers to questions regularly asked by investors and shows why panics offer unique opportunities. Long held assumptions about the benefits of investment diversification are challenged and new ways of understanding the panic cycle are offered. Interviews with market professionals directly involved in handling some major stock crises provide a compelling insiders account of what actually happens when panics break out. This book also looks at ways in which stock markets are becoming more detached from the companies and economies they are supposed to represent and shows how this is building a new and more dangerous form of instability into the market system. This is a truly comprehensive study examining all aspects of the stock market panic phenomenon. Presented in readable, jargon-free form this book will be of interest to anyone who invests in stock markets and is interested in preserving their wealth.
作者简介 Stephen Vines has been writing about markets and business for more than two decades. He was the Deputy Business Editor of the Observer and has worked for the Guardian, Independent, Daily Telegraph and the New York-based Daily Deal. More recently he has combined writing with founding and running a number of companies and learning a lot more about how business really works. He is also an active stock market investor and has provided consultancy services to a number of listed companies. Now based in Hong Kong, he is the author of The Years of Living Dangerously, a best-selling book that examined the Asian financial crisis of the late nineties. Stephen Vines was the founding Chief Editor of Eastern Express, a groundbreaking daily newspaper published in Hong Kong.
专业书评 From the Back Cover"At a time of deep stock market gloom, when the investment professionals have run out of answers and small investors have been panicked into submission, Stephen Vines' commendably cool analysis is a to be welcomed. It is to be recommended to anybody interested in investment for the long-term." – The Sunday Times
"The contrarian's manifesto: a much-need primer on how to think about markets... The next time you get a stock tip at a party, ignore it and read this book instead." – Asian Wall Street Journal
"Market Panic is a reassuring book. Vines takes the usual financial adviser's caveat 'what goes up must come down' and turns it on its head. Armed with this book we should be happily looking forward to the next panic." – The Economist
"Stephen Vines' latest book, Market Panic, addresses the non-specialist reader in clear prose. It contains a wealth of insight and advice that is often ignored by professional investors whose strategies can produce returns no better than a monkey throwing darts at random...the appeal of Vines' book as a piece of investment advice is that it provides sensible counter-arguments to trading strategies that have been driven by market panics." – Far Eastern Economic Review
目录
Acknowledgements.
List of Figures.
Preface.
Chapter 1. Preparing for panics and profiting from them.
Chapter 2. Types of panics.
Chapter 3. The panic cycle.
Chapter 4. A new age of panics.
Chapter 5. The trader and the fund manager.
Chapter 6. The psychology of panics.
Chapter 7. Does diversification provide protection against stock market fluctuations?
Chapter 8. Is the market always right?
Chapter 9. Opportunity.
Notes.
select Bibliography.
Index.
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