Global Bargain Hunting: The Investor's Guide to Profits in Emerging Markets [Paperback]

Burton G. Malkiel (Author), J.P. Mei (Author)

Book Description

Publication Date: July 9, 1999

A RANDOM WALK AROUND THE WORLD

With the same clarity and insight that made Burton Malkiel's enormously popular A Random Walk Down Wall Street an influential bestseller, Global Bargain Hunting shows nonprofessional investors how to reap investment profits from the tremendous economic growth potential of developing countries. Describing a variety of strategies, Malkiel and Mei show you how to significantly reduce investment risk and increase profit from an expected recovery in emerging markets. In this book you will find out:

* Why long-term investment is the key to financial success in emerging markets

* How to adjust asset allocation and risk exposure for a variety of life-cycle investment objectives (high growth, college expenses, retirement, etc.)

* Why low-cost, low-turnover index funds should be the core of a well-diversified international portfolio

* How emerging market bonds, real estate, and natural resource securities can help round out the portfolios of those with substantial assets

* The most up-to-date changes in the global financial landscape in a new introduction written especially for this edition

Editorial Reviews

Review

Katia Hetter U.S. News & World Report One of the best books out.

Mark Mobius author of The Investor's Guide to Emerging Markets Global Bargain Hunting is an excellent guide for emerging market investors. The authors' extensive knowledge of financial history and their ability to explain it vividly give readers useful insights into the risks and opportunities arising from current developments.

About the Author

Burton Malkiel holds the Chemical Bank Chairman's Professorship at Princeton University, and is the author of A Random Walk Down Wall Street. He serves on the boards of several major corporations, including The Vanguard Group, an investment company with over $450 billion in assets. He is former president of the American Finance Association. He lives in Princeton, New Jersey.

See all Editorial Reviews

Product Details

• Paperback: 240 pages
• Publisher: Touchstone (July 9, 1999)
• Language: English
• ISBN-10: 0684848082
• ISBN-13: 978-0684848082
• Product Dimensions: 9.2 x 6.1 x 0.6 inches
• Shipping Weight: 12 ounces (View shipping rates and policies)
• Average Customer Review: 3.2 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #272,378 in Books (See Top 100 in Books)

More About the Author

Burton G. Malkiel is the Chemical Bank Chairman's Professor of Economics at Princeton University. His books include "From Wall Street to the Great Wall," "Naked Economics," "The Random Walk Guide to Investing," and the mega-bestseller "A Random Walk Down Wall Street."

Customer Reviews

Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

4.0 out of 5 stars A very good primer on EM, May 18, 2005

By 

Travis Morien (Perth, Western Australia) - See all my reviews
(REAL NAME)   

This review is from: Global Bargain Hunting: The Investors Guide to Profits in Emerging Markets (Hardcover)

This is an interesting read, it presents a very bullish argument for investing in emerging markets based on the tremendous economic transformation that emerging markets are undergoing as a result of globalisation.

Overall this is a simple little book, not a particularly challenging read but worthwhile nonetheless. Its a very decent primer but doesn't seek to go into a huge amount of depth.

The author argues that index funds are overall the most effective way to gain exposure to EM, mainly on the basis of the high transaction costs and thin trading in emerging markets, which more than offset any potential gains that professional investors may make from stock picking and exploiting inefficiencies.

At the very least it does make a good argument for putting a proportion of your portfolio into emerging markets index funds and is a useful book to have in one's library, especially for financial advisors like myself who may find some of the passages in this book very quoteable and useful for explaining the asset class to clients.

2 of 2 people found the following review helpful:

3.0 out of 5 stars Good for beginners, February 22, 2000

By 

Rats "tusitala" (Milano, MI Italy) - See all my reviews

This review is from: Global Bargain Hunting: The Investor's Guide to Profits in Emerging Markets (Paperback)

Fairly good book, but mostly for beginners. The general approach is no-nonsense, well explained and very tilted towards indexing, as in the Random Walk. Unfortunately, for non-US readers, the last tilt is not very helpful since there are few available indexed vehicles to use for investing in emerging markets. Personally (I am a pro in investment, but with no specific expertise in EM) I did not find a lot I did not know already. Also I am skeptical of the application of Peter Lynch's growth-to-P/E ratio to comparisons between paired advanced- and emerging-market stocks. As a lesson in sensical approaches to long-term investing I still much prefer the Walk.

1 of 1 people found the following review helpful:

5.0 out of 5 stars Interesting and useful for both laymen & professional, May 13, 1998

By A Customer

This review is from: Global Bargain Hunting: The Investors Guide to Profits in Emerging Markets (Hardcover)

There are few books that can discuss difficult ideas of investment theories in a friendly language. The book is one the few. Actually, it is enjoyable to read the book. The book's structure and writing are interesting and smooth. Its exhibits are clear and well connected to the text. One can easily grasp the important investment ideas without going through the hard time of struggling with bizarre termenology and equations. It is really an interesting and useful book for both laymen and professionals.