Market Upside Down

The U.S. economic crisis of 2008 isn't over! The next bubble, explosive government debt, is brewing. At the same time, the economy can't generate growth, the treasury is exhausted, the Fed's balance sheet is over-stressed, consumers remain deep in debt, and short-term interest rates are at near-zero. Intelligent investors can't just mourn the death of easy profits: they want and need new strategies for success through history's potentially worst equity market. In Market Upside Down, Dr. Vinh Q. Tran presents those strategies. Tran begins by explaining why the U.S. financial crisis will only get worse. He then provides professional and active investors a comprehensive framework for profiting in an upside down market that could last for decades. Drawing on his market expertise, as well as experience as money manager to institutional and wealthy investors, Tran shows how to build wealth and generate return in times of crisis with a focus on what will matter most in the coming years: liquidity and risk management. Tran helps investors explore global investments and opportunities that won't depend on the troubled U.S. economy or a reinvigorated market soaring, and shows how to profit from the coming age of scarcity. Along the way, he demonstrates how to use fixed income, hedge funds, and non-traditional investments, with minimal equity risks to create a portfolio that is positioned to provide liquidity, profits and importantly to weather future crises.

List of contents

Acknowledgments   xii
About the Author   xiii
Introduction   1
Chapter 1: Black Swan Octobers   7
Chapter 2: Japan: The Setting Sun   33
Chapter 3: The Root Causes: Leveraging and Excess   59
Chapter 4: The New Economic Reality   83
Chapter 5: Bulls and Bears: The Long Cycles   113
Chapter 6: Investment Paradigms: Beliefs and Reality   133
Chapter 7: Investing in Markets Upside Down   157
Chapter 8: Beware of the Risks   181
Chapter 9: Absolute Return: Manage Risks and Build Wealth  203
Chapter 10: Absolute Return and Alpha   231
Chapter 11: Beyond the Traditional   261
Conclusion   287
Notes   293
Index   311
 

About the author

Dr. Vinh Q. Tran has spent more than 20 years as a money manager for global financial institutions including Morgan Stanley, Bank of America, and Aetna Life & Casualty, where he managed global investments, hedged equities and alternative investments, and advised wealthy individual and institutional investors. Throughout his career, Dr. Tran has earned high acclaim for his investment performance from Fortune, The New York Times, Morningstar, and others.
 
Dr. Tran has taught advanced investment as adjunct professor of Finance at NYU’s Stern School of Business. He holds a Ph.D. and MBA in Finance from George Washington University, and graduated magna cum laude in both Accounting and Political Science from the University of Dalat, Vietnam.
 
Dr. Tran is the author of Evaluating Hedge Fund Performance and Foreign Exchange Management in Multinational Firms. He resides in Greenwich, Connecticut with his wife and two children.
 

Summary

The U.S. economic crisis of 2008 isn't over! The next bubble, explosive government debt, is brewing. At the same time, the economy can't generate growth, the treasury is exhausted, the Fed's balance sheet is over-stressed, consumers remain deep in debt, and short-term interest rates are at near-zero. Intelligent investors can't just mourn the death of easy profits: they want and need new strategies for success through history's potentially worst equity market. In Market Upside Down, Dr. Vinh Q. Tran presents those strategies. Tran begins by explaining why the U.S. financial crisis will only get worse. He then provides professional and active investors a comprehensive framework for profiting in an upside down market that could last for decades. Drawing on his market expertise, as well as experience as money manager to institutional and wealthy investors, Tran shows how to build wealth and generate return in times of crisis with a focus on what will matter most in the coming years: liquidity and risk management. Tran helps investors explore global investments and opportunities that won't depend on the troubled U.S. economy or a reinvigorated market soaring, and shows how to profit from the coming age of scarcity. Along the way, he demonstrates how to use fixed income, hedge funds, and non-traditional investments, with minimal equity risks to create a portfolio that is positioned to provide liquidity, profits and importantly to weather future crises.

Product details

• Authors: Vinh Q. Tran
• Publisher: Pearson Academic
• Languages: English
• Product format: Paperback / Softback
• Released: 01.01.2013
• EAN: 9780133383980
• ISBN: 978-0-13-338398-0
• No. of pages: 336
• Weight: 400 g
• Series: Financial Times; Financial Times
• Subjects: Guides > Law, job, finance > Money, bank, stock market; Social sciences, law, business > Business > General, dictionaries