{"product_id":"the-invisible-hands-isbn-9781118843000","title":"The Invisible Hands","description":"\u003cb\u003eHedge fund managers who survived and profited through the 2008 financial crisis share their secrets\u003c\/b\u003e \u003cp\u003eIn light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Drastic changes still need to be made, and managers who actually made money during 2008 make for a logical starting place.\u003c\/p\u003e \u003cp\u003eThis updated and revised edition of \u003ci\u003eThe Invisible Hands\u003c\/i\u003e provides investors and traders with the latest thinking from some of the best and the most successful players in money management, highlighting the specific risk and return objectives of each, and discussing the evolution of certain styles and beliefs in money management.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDivulges how top financial professionals are looking forward by thinking clearly, managing risk, and seeking a new paradigm of profit making opportunities in the post-crisis world\u003c\/li\u003e \u003cli\u003eOutlines investments and strategies for the rocky road ahead\u003c\/li\u003e \u003cli\u003eGives guidance on how traditional investors such as pensions, endowments, foundations and family offices should rethink how they approach asset allocation and portfolio construction\u003c\/li\u003e \u003cli\u003eWritten by respected industry expert Steven Drobny\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePage by page, the professionals found in this book reveal their own approaches to markets, risk, and the broader world in which we live, as well as their advice on how investors should be approaching money management in today's uncertain world.\u003c\/p\u003e \u003cp\u003eForeword to the 2011 Edition by Nouriel Roubini ix\u003c\/p\u003e \u003cp\u003eForeword to the 2010 Edition by Jared Diamond xiii\u003c\/p\u003e \u003cp\u003ePreface xix\u003c\/p\u003e \u003cp\u003ePreface to the 2011 Edition xxiii\u003c\/p\u003e \u003cp\u003ePreface to the 2010 Edition xxvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Real Money and the Crash Of ‘08 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Rethinking Real Money 3\u003c\/p\u003e \u003cp\u003eChapter 2 The Family Office Manager: Jim Leitner, Falcon Management 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two THE INVISIBLE HANDS 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 3 The House 59\u003c\/p\u003e \u003cp\u003eChapter 4 The Philosopher 91\u003c\/p\u003e \u003cp\u003eChapter 5 The Bond Trader 129\u003c\/p\u003e \u003cp\u003eChapter 6 The Professor 149\u003c\/p\u003e \u003cp\u003eChapter 7 The Commodity Trader 185\u003c\/p\u003e \u003cp\u003eChapter 8 The Commodity Investor 215\u003c\/p\u003e \u003cp\u003eChapter 9 The Commodity Hedger 249\u003c\/p\u003e \u003cp\u003eChapter 10 The Equity Trader 279\u003c\/p\u003e \u003cp\u003eChapter 11 The Predator 307\u003c\/p\u003e \u003cp\u003eChapter 12 The Plasticine Macro Trader 329\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three FINAL WORD 365\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 13 The Pensioner 367\u003c\/p\u003e \u003cp\u003eConclusion 391\u003c\/p\u003e \u003cp\u003eAcknowledgments 395\u003c\/p\u003e \u003cp\u003eBibliography 399\u003c\/p\u003e \u003cp\u003eAbout the Author 407\u003c\/p\u003e \u003cp\u003eIndex 409 \u003c\/p\u003e \u003cp\u003e\u003cb\u003eSTEVEN DROBNY\u003c\/b\u003e is the founder and CEO of Drobny Global Asset Management, an independent investment advisory, asset management, and consulting firm focused on global macro and commodity hedge fund strategies. He is also the author of the critically acclaimed \u003ci\u003eInside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets\u003c\/i\u003e (Wiley). Mr. Drobny holds an MSc in finance and accounting from the London School of Economics and Political Science and a BS\/BA from Bucknell University. Please visit www.drobnycapital.com for more information on Drobny and this book.\u003c\/p\u003e   \u003cp\u003ePraise for \u003ci\u003eThe Invisible Hands\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Drobny does it again!\"\u003cbr\u003e \u003cb\u003e—JIM ROGERS, author of\u003c\/b\u003e A Gift to My Children\u003c\/p\u003e \u003cp\u003e\"While many are too busy trying to determine 'what just happened,' the insights of these Invisible Hands provide a valuable forward-looking road map for managing institutional portfolios. With trillions at stake for our society's pensions, endowments, and foundations, this book offers important lessons for any fiduciary charged with stewarding assets for future generations.\"\u003cbr\u003e \u003cb\u003e—MICHAEL K. BARRY, Chief Investment Officer, Georgetown University Endowment\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Anyone looking for a better understanding of how to invest in turbulent waters will benefit from this guided tour of the experiences of smart and creative money managers over the last couple of years. Pick up a copy and enjoy!\"\u003cbr\u003e \u003cb\u003e—ARMINIO FRAGA, Founding Partner, Gávea Investimentos, and former president, Central Bank of Brazil\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Drobny's pathbreaking work analyzes the deficiencies of real money investors and proposes antidotes gleaned from the techniques of top macro hedge fund managers.\"\u003cbr\u003e \u003cb\u003e—Dr. JOHN PORTER, Managing Director, Global Portfolio and Liquidity Management, Barclays Capital\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Once again, Drobny taps the most influential minds in investing to unearth some decidedly uncommon wisdom and candid revelations. \u003ci\u003eThe Invisible Hands\u003c\/i\u003e maps out the winners and losers, empowering readers to navigate the transformation of the money management industry currently in full swing.\"\u003cbr\u003e \u003cb\u003e—JOHN BRYNJOLFSSON, CIO, Armored Wolf, and former portfolio manager of the $80 billion PIMCO Real Return practice\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990270230757,"sku":"NP9781118843000","price":21.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118843000.jpg?v=1761787141","url":"https:\/\/k12savings.com\/es\/products\/the-invisible-hands-isbn-9781118843000","provider":"K12savings","version":"1.0","type":"link"}