Customer Review

280 of 300 people found the following review helpful
1.0 out of 5 stars My Worst Investment in a Long Time, August 23, 2008
This review is from: When Markets Collide: Investment Strategies for the Age of Global Economic Change (Hardcover)
This book was awful. Part of the problem is that the author couldn't decide who his audience was and, as such, probably bored the pants off finance people and left regular folk scratching their heads at his absurdly opaque writing "style".

A couple quick points if you are considering buying this book:

1. It you read the newspaper most days, are reasonably intelligent and realize there is a big world with lotsa money beyond America's shores, this book will give you no new information on "when markets collide".

2. If you have some (I mean A MINIMAL AMOUNT) of investment knowledge, you will be painfully disappointed by the lame chapter on how to profit from future "collisions". Really, the author just lays out a pretty mundane asset allocation plan (which is available for free on any number of websites) and then fills a couple dozen pages with worthless blather. Seriously, that's it.

3. The writing really sucks. Others have commented on this so, rather than gives examples, I'll just reinforce what others have noted: the writing sucks. Whatever happened to editors?

4. If you really want some ideas about investing internationally, try The World is Your Oyster by Jeff Opdyke (2008). Heaven forbid, he writes in plain ole' English and gives a lot of worthwhile advice. If you really want to understand where the world is headed, read Billions of Entrepreneurs, How China and India are Reshaping Their Futures and Yours, by Tarun Khanna (2008).

5. If you really want some ideas about investing in general Peter Lynch's classics are still every bit as instructive (and humorous...and nicely written) and the biography of Warren Buffett, "Buffett", is incredibly instructive. Jeremy Siegel's "Stocks for the Long Run" is also pretty handy, although el-Erian makes some snide comments about it...but never quite gets around to justifying them...hmmm...some petty Harvard - Wharton rivalry?

6. el-Erian's shout-outs to colleagues here and there get more tedious as the book goes on, particularly as he never seems to articulate how the work of these experts is relevant to creating an investment portfolio. Gee, thanks.

7. Let me say it one more time: When Markets Collide is a worthless read.
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Showing 1-2 of 2 posts in this discussion
Initial post: Feb 16, 2010 3:34:55 PM PST
200 people found this idiotic review helpful. The book is substantive, and fascinating. It is an exploration of global economies and their potential for disruption. It was written before the most recent crisis, and many of the books points point to the idea that instability is now a part of the economics of globalization.

This review is an embarrassment.

In reply to an earlier post on Aug 5, 2010 11:38:42 AM PDT
Last edited by the author on Aug 5, 2010 11:39:16 AM PDT
A. Davidson says:
Another PIMCO employee weighs in, to suck up to the boss...
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T. Bojko
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Location: New York/ Tokyo

Top Reviewer Ranking: 746,157