global economic circumstances can be blocked with a growing and buying
pizza has the same
Of the Department.
If you are from Mohammed el Lee cool perspective to observe the noisy
around the world, you will become very wealthy. Because Muhammad el
Lee is the Pacific Investment Management Company's chief executive
officer and chief investment advisers.
El Lee, 49, good from the fuzzy phenomena and functioning market
machines clang of insight into the future trend of economic
development. This in his "collision: the new map of the world's
financial" book, he look at the overall situation of how to divide
your property to provide some suggestions. This book shall be the
period of global economic turbulence investment strategy.
On the one hand so that other people trapped in today's world into a
global problem: Banks continue to lose money and asset write-downs;
the one hand, a lot of money will be transferred to Citibank, UBS and
Morgan Stanley, while the spread of financial derivatives, Their
tentacles have been stretch to your mortgages.
El Lee will be all new developments are incorporated into this great
panoramic view of the economy. He continued inter-face of the world
economy, impede economic development in the past as the future
economic development, and thus the outbreak of financial turmoil has
caused the global economic turmoil.
This tortuous process is completely the interaction of the market
process, yesterday's market impact the future market. In this book, he
wrote a detailed guide. He pointed out that "yesterday" means the
United States, Europe and Japan. "Tomorrow" refers to China, India and
other emerging economies.
For those who want to understand global economic and financial
development of the people, do not have to follow the United States,
Europe, and Japan's footsteps. "Gradual transfer", we see the
dominance of the economy gradually shifted some of the economic impact
of the original little country. Act as the identity of the original
debt of countries, but now serves as the identity of creditors and
investors. Although the tunnel of the financial system has been filled
with fancy new structure of products, but the old and new products
will continue to overflow.
Previously in charge of Harvard's fund el Lee said that, like the
repair of plumbing problems you may have encountered at home, too, but
the clean-up process is very much a headache.
This book uses a lot of simple analogy. He compared the global economy
is a situation of using U.S. consumer spending up and down fluctuation
of the energy engine of the aircraft.
Now the engine is sputtering, but because of some small engine is
running, so the aircraft can maintain a certain level.
While Lee said el very straightforward, and the article is a summary
written in the form of points. But when it comes to "our
time-inconsistent preference theory advocated perspective", his
proposal is very professional and constructive.
The insured may not be reliable because of the risks do?
El Lee for their requirements are very strict, he never according to
their own subjective opinions to be judged. For example, if the
central bank to avert the loss of low-interest loans, but just talks
to encourage investors to take greater risks in this debate on the
issue, he do not favor either side.
He pointed out that the insured may be due to poor credit risks will
continue to exist. But also not to say that extensive use of economic
means to intervene can not be a good reputable investors and lenders
with bad credit investors and lenders to distinguish.
If you want to listen to the views of stinging, then this book there
is no way to satisfy you.
For those who want a return period of global economic turbulence of
the investors, el Lee provides a valuable guide. The distribution of
property chapter, he is a long-term US-based investors are looking for
a portfolio.
About 50% of the portfolio invested in stocks, there are 15% invested
in U.S. stocks, most of the other cast in the advanced economies and
emerging markets; 14% invested in bonds, but more is to invest outside
the U.S. and not domestic; the rest of the story of the assets,
including real estate, commodities futures and anti-inflation bonds.
The real value of assets can be a little by little.
"Pizza Order", el Lee compared this structure is how an Italian
restaurant ordering food.
He pointed out that, to many visitors, we find that we are basically
very similar to ordering pizza. Therefore, we decided to change the
look, order a pasta and vegetables contain a large pizza.
So he will be compared to his investment portfolio is pizza.
McGraw-Hill publishes a "collision: the new map of the world's
financial" This book, a total of 344, ￥ 29.75,15.99 pounds.
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