SKU: 82019938543

Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes

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Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market CrashesHow investment strategies designed to reduce risk can increase risk for everyone and can crash markets and economies Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we

How investment strategies designed to reduce risk can increase risk for everyone--and can crash markets and economies
Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we have suffered in recent decades were not perfect storms. Instead, they were made by us. By understanding how and why this is so, we may be able to avoid or ameliorate future crises--and maybe even anticipate them.
One of today's leading financial thinkers, Bruce I. Jacobs, examines recent financial crises--including the 1987 stock market crash, the 1998 collapse of the hedge fund Long-Term Capital Management, the 2007-2008 credit crisis, and the European debt crisis--and reveals the common threads that explain these market disruptions. In each case, investors in search of safety were drawn to novel strategies that were intended to reduce risk but actually magnified it--and blew up markets. Too Smart for Our Own Good takes a behind-the-curtain look at:
-The inseparable nature of investment risk and reward and the often counterproductive effects of some popular approaches for reducing risk-A trading strategy known as portfolio insurance and the key role it played in the 1987 stock market crash-How option-related trading disrupted markets in the decade following the 1987 crash-Why the demise of Long-Term Capital Management in 1998 wreaked havoc on US stock and bond markets -How mortgage-backed financial products, by shifting risk from one party to another, created the credit crisis of 2007-2008 and contributed to the subsequent European debt crisis
This broad, detailed investigation of financial crises is the most penetrating and objective look at the subject to date. In addition, Jacobs, an industry insider, offers invaluable insights into the nature of investment risk and reward, and how to manage risk.
Risk is unavoidable--especially in investing--and financial markets connect us all. Until we accept these facts and manage risk in responsible ways, major crises will always be just around the bend. Too Smart for Our Own Good is a big step toward smarter investing--and a better financial future for everyone.



Binding Type: Hardcover
Publisher: McGraw-Hill Education
Published: 12/05/2018
ISBN: 9781260440546
Pages: 464
Weight: 1.55lbs
Size: 9.10h x 6.00w x 1.70d
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SKU: 82019938543

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Heather Jacobs
Birmingham, US
★★★★★ 5
dogs favorite!
our dog can't get enough of these. we have to buy them in packs like this since they end up in places unknown. they don't get torn up and will last forever!
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Reviewed in the United States on May 12, 2026
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Jan Marie
Carnegie, US
★★★★★ 3
Very lightweight and not good for fetching
These balls are very lightweight. They feel like styrofoam. I try to use my Chuckit Chucker to throw them but they don't go very far and the wind will drift them in another direction as they are so light weight. Then, when my dog's saliva covers the ball, the moisture creates a suction in the launcher and the ball won't exit the chucker at all no matter how much force I put into the launch attempt. I guess they might be good for chewers, but not for throwing, if your dog likes to fetch. They would be good for throwing in the house as they won't damage anything.
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Reviewed in the United States on April 17, 2026
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Jadyn
Chelsea, US
★★★★★ 5
Shockingly impressed
I have a heeler and he destroys everything. I thought I was going to be unimpressed at first thinking these were going to be shredded everywhere, but I have yet to see him destroy these and we have had them for over a month. I definitely recommend for high energy aggressive chewers.
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Reviewed in the United States on May 26, 2026
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Brad Alan Tennant
Louisville, US
★★★★★ 1
Cheap and easily destroyed!
I bought these balls because they are advertised as indestructible. Frankly, tennis balls last 5x longer! We breed Cane Corso, and these don’t last even a few minutes with them. Definitely not indestructible and definitely not for aggressive chewers. Very disappointing. The search continues….
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Reviewed in the United States on March 22, 2026
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Kailynn
Carnegie, US
★★★★★ 5
Great balls
So far so good. Belgian/pyrenees mix that loves chewing and destroying toys. He’ll have a hard time destroying these. They are light but carry well once thrown outside. Being light they are good inside on very cold days compared to something like a lacrosse ball. Better than Chuck It brand.
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Reviewed in the United States on February 7, 2026

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