How The Markets Really Work

Cover Type: Hardcover
Book Condition: Very Good
Jacket Condition: Very Good
Publisher: Crown
Publisher Place: New York
Publisher Year: 2002
Edition: First Edition

Description: 156 pages. Book and Jacket are both in Very good condition throughout.

Publishers Description: Several years ago, Joel Kurtzman was covering a meeting between a group of Russian economists and politicians and some of Americas best thinkers from business and academia. The Russians were trying to get a handle on exactly who was in charge of the markets and how long the founder of a failed start-up would be sentenced to jail.Its easy to see why Joels Russian friends were befuddled. But how many of us really understand how the markets work, despite the fact that we live and work in a society that practically worships “the market as a religion And when people today are investing more money in mutual funds than in banks, this can be a problem. The markets are big, complex, and completely unforgiving. If you make a major mistake, you risk losing a major amount of money. Thats why its vital to peel back the layers of mystery shrouding the markets.In How the Markets Really Work , Joel Kurtzman provides a lucid explanation of one of the fundamental forces shaping our lives. In clear, accessible language, Kurtzman * How markets, which are so vital to the worlds economies, are able to function without any central control* How they create wealth and spread the risk of the worlds most uncertain, but potentially lucrative, bets* How markets package and resell debt, connect financial institutions, and set prices* Why volatility has increased and what this means for the boom and bust of investingKurtzman illuminates the musty corners of the markets, showing how the system is both a single network linked together globally and a highly coordinated dance of free-wheeling, unchoreographed dancers that constitutes a massive social mechanism for laying off some of the worlds riskier bets. He explains the kinds of products that traders trade within the network (stocks, bonds, options, etc); how money circulates within the network; and how banks fit into the global network.This is a book that will help you think strategically about investing. If you understand the markets and the instruments and vehicles that are traded on those markets before thinking about individual stocks and mutual funds, youll be a smarter, savvier investor.The Crown Business Briefings series offers an appealing solution to the dilemma of todays business how to keep up with the rapid pace of change in knowledge while leading time-crunched lives. The series features short books on important topics of immediate and measurable benefit to todays broad audience of business readers.

ISBN: 9780609609651