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Titlebook: Capital Returns; Investing Through th Edward Chancellor Book 2016 The Editor(s) (if applicable) and The Author(s) 2016 Economists.policymak

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发表于 2025-3-21 17:07:01 | 显示全部楼层 |阅读模式
书目名称Capital Returns
副标题Investing Through th
编辑Edward Chancellor
视频video
图书封面Titlebook: Capital Returns; Investing Through th Edward Chancellor Book 2016 The Editor(s) (if applicable) and The Author(s) 2016 Economists.policymak
描述We live in an age of serial asset bubbles and spectacular busts. Economists, policymakers, central bankers and most people in the financial world have been blindsided by these busts, while investors have lost trillions.Economists argue that bubbles can only be spotted after they burst and that market moves are unpredictable. Yet Marathon Asset Management, a London-based investment firm managing over $50 billion of assets has developed a relatively simple method for identifying and potentially avoiding them: follow the money, or rather the trail of investment.Bubbles whether they affect a whole economy or merely a single industry, tend to attract a splurge of capital spending. Excessive investment drives down returns and leads inexorably to a bust. This was the case with both the technology bubble at the turn of the century and the US housing bubble which followed shortly after. More recently, vast sums have been invested in mining and energy.From an investor‘s perspective, the trick is to avoid investing in sectors, or markets, where investment spending is unduly elevated and competition is fierce, and to put one‘s money to work where capital expenditure is depressed, competitive c
出版日期Book 2016
关键词Economists; policymakers; Investment; Investments; Private Equity; Rating; investments and securities
版次1
doihttps://doi.org/10.1007/978-1-137-57165-6
isbn_ebook978-1-137-57165-6
copyrightThe Editor(s) (if applicable) and The Author(s) 2016
The information of publication is updating

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发表于 2025-3-21 21:41:14 | 显示全部楼层
https://doi.org/10.1007/978-3-662-60647-6 opinion, is an analytical focus on the ebb and flow of capital. Typically, capital is attracted into high-return businesses and leaves when returns fall below the cost of capital. This process is not static, but cyclical — there is constant flux. The inflow of capital leads to new investment, which
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Allgemeine Begriffsdefinitionenacturers. A common theme linking these pieces is the importance of understanding how competition — or the supply side — evolves over time, and the role it plays in determining both industry and individual company returns on capital. In addition, some of the essays highlight the malign influence of r
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https://doi.org/10.1007/978-3-662-68395-8nce. The true answer — one which the Queen presumably was not supplied with — is that economists had developed a deeply flawed paradigm for how the economy operates. Economists posited a world of equilibrium and rationality, in which money and the operations of finance were essentially inert. This a
发表于 2025-3-22 18:37:00 | 显示全部楼层
Nichtmetallische Anorganische Überzügenstantly evolving economy and spur improvements in productivity. From this perspective, an economic recession serves a useful function as — to use a rather hackneyed image — the forest fire burns away the dead wood and weaker trees, allowing healthy young plants to grow and prosper.
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https://doi.org/10.1007/978-3-662-08977-4stments have been made in mainland Chinese equities over the years. Many of these firms are state-controlled. As a result, the efficiency of capital allocation and the interest of outside shareholders (particularly foreigners) tends to be subordinate to the state’s policy objectives.
发表于 2025-3-23 04:17:34 | 显示全部楼层
https://doi.org/10.1007/978-3-662-08977-4 hot areas of the stock market and generating fees from dubious financial engineering. Both these activities have always struck us as inimical to the interests of long-term shareholders. From the perspective of a bemused buy-side onlooker, it was clear to us that the typical Wall Street banker durin
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