Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined, by Lasse Heje Pedersen

Research output: Contribution to journalArticlepeer-review

Abstract

Book review: This book provides an academic treatment of investments in which we learn about trading strategies used by sophisticated investors in interviews with George Soros, who ‘broke the Bank of England’, and short seller Jim Chanos, who explains how he bets against companies with flawed business plans and fraudulent managers and how he uncovered Enron before its collapse. The book shows how financial markets operate and how securities are priced in an efficiently inefficient way.
Original languageEnglish
Pages (from-to)176-177
Number of pages2
JournalEconomic Record
Volume93
Issue number300
DOIs
Publication statusPublished - 2017

Keywords

  • book reviews

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