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 enlarge | Author: Mohamed El-erian
Publisher: McGraw-Hill
Category: Book
List Price: $27.95
Buy New: $14.93
You Save: $13.02 (47%)
New (51) Used (13) from $14.74
Rating:  42 reviews
Sales Rank: 1132
Media: Hardcover
Edition: 1
Number Of Items: 1
Pages: 304
Shipping Weight (lbs): 1.5
Dimensions (in): 9.1 x 6.4 x 1.3
ISBN: 0071592814
Dewey Decimal Number: 381.101
EAN: 9780071592819
ASIN: 0071592814
Publication Date: May 23, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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| Customer Reviews:
 Probably false back cover reviews August 13, 2008
15 out of 23 found this review helpful
This book got my attention after I saw Alan Greenspan had commented on it on the back cover. Surprised at first as he rarely recommends books publicly, I decided to check into it. Sadly, the book was terrible. It is very convoluted and difficult to understand and didn't not present any non-elementary insight. Mohamed's book reminds me of a prof I had in college who would love to use big words but say absolutely nothing. Nothing is new here.
Basically Mohamed El-Erian is a Oxford graduate turned PhD who late in his career entered the Investment Management game(he freely admits that). He managed the Harvard University's endowment fund and then recently quit and moved to the bonds management company PIMCO as a Co-CEO (seriously, who still thinks Co-CEO is a good idea). I suspect all of those people on the Back Cover who reviewed his book are his buddies from Harvard or PIMCO and probably everywhere else he works, knows, or pays. Even Alan Greenspan who now consults for PIMCO. I am willing to wager Mr Greenspan never even read his book but got paid a lot of money for "consulting" with PIMCO and now recommends the book of they guy who is paying his salary. Boy, Alan was a good economist. His book was excellent...
This book should really be titled "When I wrote a book to impress my Harvard colleagues: Nothing new but noone will know because noone can understand it, sucka"
 Good August 8, 2008
2 out of 8 found this review helpful
This booke seemed to be a mosthy a discussion of emerging China and its interaction with the ecomonies in the developed countries. I believe that the book has increased my understanding on this subject a lot.
Not worth reading August 5, 2008
29 out of 38 found this review helpful
I do not believe that this book is worth buying or reading
because of three factors:
1. It contains minimal advice for investors wishing to
change their investment strategies.
2. It is written for an audience for professional economists
with advanced degrees.
3. The editing of the text is very poor. Each chapter contained
multiple references to something "that I will deal with in
the next chapter" or "that I covered in previous chapter."
A few of these references is understandable, but the text
is so poorly written and edited that these references quickly
became a distraction and a nuisance.
I would strongly advise prospective readers to avoid this book.
 Not for the average investor August 4, 2008
26 out of 35 found this review helpful
Mr. El-Erian's book reflects his high-level knowledge and understanding of economic issues. It is perhaps suitable for people at his level, policy makers etc. However for individual investors it is not worth the money, nor the time reading it. His writing style is exasperating as it sounds much like some Harvard publications. His long, complex sentences are time-consuming to understand. He loves to use all the most recent jargon to impress his readers. His ultimate recommendation for investing for the future is banal, buy a bit of everything! After finally finishing the reading of this book (it was painfully boring) I was left with the feeling that I didn't learn anything worthwile for my purposes.
An important weakness July 26, 2008
7 out of 20 found this review helpful
El-Erian's strength is in identifying and explaining the "major fundamental transformation" that is going on. After discussing the transformation and emphasizing the investment needs for internationalization, foreign currencies, and inflation hedges, he discusses asset allocatrion. His asset allocation table and discussion are fine, except for one glaring ommission. He never mentions managed futures.
In an investment environment that appears to be negative for both debt instruments and equities, managed futures could be the most appropriate investment.
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