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The Crisis of Crowding: Quant Copycats, Ugly Models, and the New Crash Normal [推广有奖]

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sharparrows 发表于 2016-7-12 13:35:10 |AI写论文

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文译名:<从众危机: 量化投资与金融浩劫>
主要讲述了长期资本管理公司危机, 2008年金融危机, 闪电崩盘和希腊债务危机这几个危机的共同点,读完你会发现,危机的模式是如此惊人的相似。因此对危机的研究是多么的重要。具体的英文介绍(引用亚马逊)如下:
A rare analytical look at the financial crisis using simple analysis

The economic crisis that began in 2008 revealed the numerous problems in our financial system, from the way mortgage loans were produced to the way Wall Street banks leveraged themselves. Curiously enough, however, most of the reasons for the banking collapse are very similar to the reasons that Long-Term Capital Management (LTCM), the largest hedge fund to date, collapsed in 1998. The Crisis of Crowding looks at LTCM in greater detail, with new information, for a more accurate perspective, examining how the subsequent hedge funds started by Meriwether and former partners were destroyed again by the lapse of judgement in allowing Lehman Brothers to fail.

Covering the lessons that were ignored during LTCM's collapse but eventually connected to the financial crisis of 2008, the book presents a series of lessons for hedge funds and financial markets, including touching upon the circle of greed from homeowners to real estate agents to politicians to Wall Street.

  • Guides the reader through the real story of Long-Term Capital Management with accurate descriptions, previously unpublished data, and interviews
  • Describes the lessons that hedge funds, as well as the market, should have learned from LTCM's collapse
  • Explores how the financial crisis and LTCM are a global phenomena rooted in failures to account for risk in crowded spaces with leverage
  • Explains why quantitative finance is essential for every financial institution from risk management to valuation modeling to algorithmic trading
  • Is filled with simple quantitative analysis about the financial crisis, from the Quant Crisis of 2007 to the failure of Lehman Brothers to the Flash Crash of 2010

A unique blend of storytelling and sound quantitative analysis, The Crisis of Crowding is one of the first books to offer an analytical look at the financial crisis rather than just an account of what happened. Also included are a layman's guide to the Dodd-Frank rules and what it means for the future, as well as an evaluation of the Fed's reaction to the crisis, QE1, QE2, and QE3.


提供pdf和mobi两个版本,供kindle和pad或者电脑读者使用,收点辛苦费~


Ludwig_B_Chincarini-The_Crisis_of_Crowding_Quant_C.pdf (10.85 MB, 需要: 5 个论坛币)

Ludwig B Chincarini-The Crisis of Crowding_ Quant Copycats, Ugly Models, and th.mobi (7.72 MB, 需要: 5 个论坛币)


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关键词:Crowding copycat Crisis models normal themselves mortgage economic problems produced

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本帖被以下文库推荐

沙发
h2h2(未真实交易用户) 发表于 2016-7-12 13:47:37
谢谢分享

藤椅
Enthuse(真实交易用户) 发表于 2016-7-13 02:12:07
thanks ..

板凳
klve1234(真实交易用户) 发表于 2016-8-13 11:45:08
感谢分享

报纸
GHUU1(真实交易用户) 发表于 2017-5-8 23:57:06
thanks for the book

地板
comwit(真实交易用户) 发表于 2017-5-10 11:04:54
Thanks a lot

7
mason2416(未真实交易用户) 发表于 2018-2-9 23:01:57
好书要顶起来

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