Juggling with knives : smart investing in the coming age of volatility / Jim Jubak.
Material type:
TextPublisher: New York : PublicAffairs, [2016]Edition: First editionDescription: vi, 375 pages ; 25 cmContent type: - text
- unmediated
- volume
- 9781610394802
- 1610394801
| Item type | Home library | Collection | Call number | Materials specified | Status | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|---|
Adult Book
|
Main Library | NonFiction | 332.6 J91 | Available | 33111008365161 |
Enhanced descriptions from Syndetics:
Stunning volatility is the new "fact of life" that defines our age. Financial markets fall off cliffs one day, but then stage a recovery the next, only to do it all over again. The switch back and forth is emotionally draining, making us susceptible to irrational responses that can turn manageable problems into huge personal crises. But while there is danger in volatility, there is also the opportunity to profitably juggle the knives that volatility throws your way -- with less risk than you might think.
The first step toward profiting from volatility is to understand why these radical ups and downs are taking place now. Jim Jubak's deep and broad-ranging analysis looks into not only the financial but also the economic, market, and social trends, showing how they reinforce each other, including:
the consequences of global central banks operating as cash machines,
a financial system that will not be reformed,
China as the world's largest game of three-card monte,
the aging of populations around the world and the resulting war between the young and old,
and the large bill we will have for the consequences of environmental externalities such as climate change and energy uncertainty.
Jubak analyzes these and other trends, providing practical insights and specific investing strategies that show investors how to respect -- but not be scared of -- market volatility, and how to make smarter investment decisions to profit from and hedge against it.
Includes bibliographical references (pages 339-355) and index.
Volatility in the decades ahead -- The volatility of everyday life -- Investing solutions for an age of volatility.
"In his new book, investment expert Jim Jubak explores the "new normal" of market volatility. With remarkable insights into the zeitgeist of financial markets and the economy, Jubak combines the big macro trends with the more mundane aspects of life to depict why volatility is here to stay, why things are not going to get any calmer soon, and how you can make investing decisions to profit off this new reality. He presents a unified picture that extends far beyond a narrow view of financial markets, exploring the consequences of using global central banks-the Federal Reserve, the Bank of Japan, the People's Bank of China, and the European Central Bank-as cash machines; the debt model of growth now used worldwide; and the demographics of aging and the coming war between the young and the old. He also looks at social trends including the anxiety of affluence, particularly the mismatch between the guaranteed cost of education and the uncertainty of future earnings; the real estate "barbell" and the consequences viewing a home as a financial asset and not simply a place to live; and energy, climate, water and food insecurity. Jubak's mission is to teach investors how to stay sane when people think the sky is falling. In showing what is causing all of this volatility, he provides practical solutions for how you can smartly respond, build a portfolio, and profit."-- Provided by publisher.