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

by Burton G. Malkiel (Author), J.P. Mei (Author) "IN THE FIRST edition of Global Bargain Hunting, we wrote not only of the large, long-run growth opportunities in the stock markets of emerging countries,..." (more)
Key Phrases: global bargain hunters, global bargain hunting, diversified international fund, United States, Hong Kong, Morgan Stanley (more...)

Editorial Reviews

Review
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. -- Review

Review
Katia HetterU.S. News & World ReportOne of the best books out.

Mark Mobiusauthor of The Investor's Guide to Emerging MarketsGlobal 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.

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: 8.9 x 6 x 0.7 inches
• Shipping Weight: 12 ounces (View shipping rates and policies)
• Average Customer Review: 3.4 out of 5 stars See all reviews (9 customer reviews)
• Amazon.com Sales Rank: #790,526 in Books (See Bestsellers in Books)

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

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.