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Noch nie zuvor haben so viele Menschen ihr Vermögen an den Finanzmärkten investiert. Doch nur wenige verstehen wirklich, welchen Weg sie gewählt haben, was die Manager offener Investmentfonds tun, und welche Auswirkungen dies auf die Wirtschaft hat und die Unternehmen deren Aktien sie kaufen und verkaufen. "High-Flying Adventures in the Stock Market" untersucht den heutigen hektischen Markt anhand einer fesselnden Geschichte über die Hauptdarsteller, die den Markt optimieren - die Manager offener Investmentfonds. Molly Baker verfolgt ihre Aktivitäten über den Zeitraum eines Jahres und schließt…mehr

Produktbeschreibung
Noch nie zuvor haben so viele Menschen ihr Vermögen an den Finanzmärkten investiert. Doch nur wenige verstehen wirklich, welchen Weg sie gewählt haben, was die Manager offener Investmentfonds tun, und welche Auswirkungen dies auf die Wirtschaft hat und die Unternehmen deren Aktien sie kaufen und verkaufen.
"High-Flying Adventures in the Stock Market" untersucht den heutigen hektischen Markt anhand einer fesselnden Geschichte über die Hauptdarsteller, die den Markt optimieren - die Manager offener Investmentfonds. Molly Baker verfolgt ihre Aktivitäten über den Zeitraum eines Jahres und schließt ihre Beobachtungen ab mit dieser spannenden und lehrreichen Geschichte, die das Wesen der offenen Investmentfonds anschaulich erläutert.
Ever wonder what happens to the money you send to your mutual fund? Ever wonder exactly what it takes to produce the performance numbers on your monthly statement? Maybe you own a few stocks, and buy and sell from time to time. But how would you like to be responsible for managing a $2 billion portfolio? What goes on behind the doors of those auspicious funds? Where does your money really go?
It's a world of high-flying sales pitches and hair-raising decisions with the potential for million-dollar gains-or losses. You'll sit in on meetings with the hottest new companies pitching their IPOs. You'll eavesdrop on phone conversations with leading analysts and traders. Which stocks will take off, and which will tank? Baker puts you in the room, at the trading desk, in the moment, and inside the collective minds of Frey's money management team.
It's also a world of cutthroat competition, where every fund is driven to beat the others and produce record returns. A day of prosperity means nothing unless it's maintained into the next day, the next week, the next month, the next quarter, and, ultimately, into the end of the year. A good year rakes in investment dollars and prestige, and a top year-a real, blowout winner-means you can write your own ticket. In High-Flying Adventures in the Stock Market, you'll find out exactly what it's like to compete for these stakes-to feel the intense pressures, and live the human drama of the markets.
This captivating story gives you unprecedented access to the real world of the market. Baker shows you exactly why Frey buys the stocks he buys, and why and when he sells. You'll learn firsthand what happens when the Fed lowers rates, and what a savvy mutual fund manager does when the market takes a tumble. You'll be able to see what the pros do, and as a result, you'll get a better handle on how you're managing your own money right now.
But even if you've never managed a dollar, you'll be engrossed by Baker's true tale of money, risk, and returns. It's the clearest look you'll ever have into the high-flying world of the stock market. PRAISE FOR HIGH-FLYING ADVENTURES IN THE STOCK MARKET
"A wonderful read-Baker takes you through a year in the life of a fund manager-it s so well conceived and written that you ll think you were there too. Individual investors who manage their own money should put this book in their portfolio. Informative, educational, great fun."-Larry Waterhouse Jr., Chairman, TD Waterhouse Investor Services, Inc.
"Most Americans know mutual funds only by their performance numbers. In High-Flying Adventures in the Stock Market, Molly Baker takes us inside the fund industry to give us a compelling and intimate look at the human drama of running a fund."-Douglas K. Sease, Editor, Wall Street Journal Books
"Baker uses the eye for detail she acquired as a reporter for the Wall Street Journal to explain the high-pressure world of the money manager in laymen s terms. For those seeking a readable, inside account of the 90s historic stock market boom, this is a book to add to the portfolio."-Dana Milbank, staff writer, The Washington Post
"Baker has provided an unusual perspective into the world of mutual fund management. She is a real reporter who is skilled in her understanding of what she describes and lively in her choice of episodes. The book is fun as well as informative."-Peter L. Bernstein, President, Peter L. Bernstein, Inc. author of Against the Gods: The Remarkable Story of Risk
"A fantastic voyage through the mutual fund universe. Every investor should read this book."-Andrew Metrick, Assistant Professor of FinanceThe Wharton School, University of Pennsylvania
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Autorenporträt
MOLLY BAKER is a freelance journalist and has worked as a reporter with the Wall Street Journal, NBC News, and the Rocky Mountain News. In addition, Ms. Baker was a financial analyst on Wall Street for CS First Boston. She lives outside Philadelphia with her husband and two children.
Rezensionen
"This is a fascinating insight. All the characters are real." (Chartered Secretary, January 2001)