SKU: 82019938543

Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes

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Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market CrashesHow investment strategies designed to reduce risk can increase risk for everyone and can crash markets and economies Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we

How investment strategies designed to reduce risk can increase risk for everyone--and can crash markets and economies
Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we have suffered in recent decades were not perfect storms. Instead, they were made by us. By understanding how and why this is so, we may be able to avoid or ameliorate future crises--and maybe even anticipate them.
One of today's leading financial thinkers, Bruce I. Jacobs, examines recent financial crises--including the 1987 stock market crash, the 1998 collapse of the hedge fund Long-Term Capital Management, the 2007-2008 credit crisis, and the European debt crisis--and reveals the common threads that explain these market disruptions. In each case, investors in search of safety were drawn to novel strategies that were intended to reduce risk but actually magnified it--and blew up markets. Too Smart for Our Own Good takes a behind-the-curtain look at:
-The inseparable nature of investment risk and reward and the often counterproductive effects of some popular approaches for reducing risk-A trading strategy known as portfolio insurance and the key role it played in the 1987 stock market crash-How option-related trading disrupted markets in the decade following the 1987 crash-Why the demise of Long-Term Capital Management in 1998 wreaked havoc on US stock and bond markets -How mortgage-backed financial products, by shifting risk from one party to another, created the credit crisis of 2007-2008 and contributed to the subsequent European debt crisis
This broad, detailed investigation of financial crises is the most penetrating and objective look at the subject to date. In addition, Jacobs, an industry insider, offers invaluable insights into the nature of investment risk and reward, and how to manage risk.
Risk is unavoidable--especially in investing--and financial markets connect us all. Until we accept these facts and manage risk in responsible ways, major crises will always be just around the bend. Too Smart for Our Own Good is a big step toward smarter investing--and a better financial future for everyone.



Binding Type: Hardcover
Publisher: McGraw-Hill Education
Published: 12/05/2018
ISBN: 9781260440546
Pages: 464
Weight: 1.55lbs
Size: 9.10h x 6.00w x 1.70d
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SKU: 82019938543

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Dennis W. H.
Pawtucket, US
★★★★★ 4
Storage may be a problem
Size: 4 Panel-88‘’Wide, Color: Black
Worked as expected however storing it was not so easy. The feet did not collapse one over the other but provide privacy.
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Reviewed in the United States on April 12, 2026
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Whiting, US
★★★★★ 5
I used them to divide a space in my house and it really turned out spectacular.
Size: 4 Panel-88‘’Wide, Color: Black, Size: 4 Panel-88‘’Wide, Color: Black
I used them to divide a space in my house and it really turned out spectacular.
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Reviewed in the United States on May 12, 2026
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Sandra S
Battle Creek, US
★★★★★ 3
Perfect size, good privacy
Size: 4 Panel-88‘’Wide, Color: Black
This is a good divider. The dark, thick panels provide blockage from the light. Assembly was not very hard, but it wasn't simple. I ordered this product two times in the past couple of weeks. The first time I assembled it, I noticed that the picture assembly directions aren't completely accurate. The labeled parts don't match the labels on the instructions. The wrench included in my box is too big for any of the bolts or screws used for assembly. After getting the right tools and matching against the instructions, I finally got it assembled. The divider I ordered this week is missing two wheels and there is no number for calling the supplier; thus, I seem forced to return it, instead of easily getting the two wheels. Once assembled, I am pleased with the end product and I consider it a good value.
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Joseph boodoo
Charlottesville, US
★★★★★ 5
Good but missing canopy
Size: 4 Panel-88‘’Wide, Color: Black
But I still haven’t recieved my canopy
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Matthew Sanganza
Port Orchard, US
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Sturdy, Easy to Set Up, and Looks Great
Color: Grey, Size: 34" - 3 Panel
I’m really happy with this RANTILA 3-panel room divider. It was simple to set up, stands securely on its own, and gives plenty of privacy. The height is perfect, and the panels look clean and modern in my space. It’s lightweight enough to move around but still feels sturdy. Overall, a great divider that works exactly as I needed.
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Reviewed in the United States on November 14, 2025

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