Book Review and Giveaway: When Markets Collide

Yet another book review and giveaway.  This time, we got contacted by the publisher of the book When Markets Collide: Investment Strategies for the Age of Global Economic Change by Mohamed A. El-Erian.

Who is Mohamed A. El-Erian?

According to the back of the book, he has very high credentials:

Mohamed A. El-Erian is co-CEO and co-CIO of PIMCO, one of the largest investment management companies in the world. He formerly served as president and CEO of Harvard Management Company, the firm that manages the university’s $35 billion endowment. He spent 15 years at the International Money Fund, working on policy, capital market, and multilateral economics issues. El-Erian has been featured by Bloomberg, Forbes, Financial Times, Latin Finance, CNBC, The New York Times, and The Wall Street Journal. In 2004, Fortune named him a member of its eight-person “Mutual Fund Dream Team.”

What is this book about?

In “When Markets Collide”, Mohamed El-Erian writes for 3 audiences, individual investors, economists and policy makers.  With that, he explains how to to distinguish between market noise and market signals, gives his perspective on the big picture of global markets and suggestions for changes to global market economic policies.

Here is a snippet from McGraw-Hill:

The world economy is in the midst of a series of hand-offs. Global growth is now being heavily influenced by nations that previously had little or no systemic influence. Former debtor nations are building unforeseen wealth and, thus, enjoying unprecedented influence and facing unusual challenges. And new derivative products have changed the behavior of many market segments and players. Yet, despite all these changes, the system’s infrastructure is yet to be upgraded to reflect the realities of today’s and tomorrow’s world. El-Erian investigates the underlying drivers of global change to shed light on how you should:

* Think about the new opportunities and risks
* Construct an appropriately diversified and internationalized portfolio
* Protect your portfolio against new sources of systemic risk
* Best think about the impact of central banks and financial policies around the world

Offering up predictions of future developments, El-Erian directs his focus to help you capitalize on the new financial landscape, while limiting exposure to new risk configurations.

My Thoughts

Although the credentials that Mr. El-Erian carries makes this book automatically interesting for me, at times, the book was a bit dry as it seemed to ramble on a little bit.  As a simple minded individual, I enjoy books with clear headings and clearly indicated main points which this book lacked.

Also note again that the book seemed to be written for varying audiences, with only a smaller portion of the book directed toward individual investors.

Want a Free Copy?

  • Simply leave a comment and you’ll automatically be entered in the draw for a free copy.
  • Please only 1 comment entry / person (please enter a valid email address).
  • Only those with a North American mailing address may enter (publisher rules, sorry).
  • Contest will end Friday 5pm EST Oct 10, 2008 and the winner announced shortly afterwards!

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FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.
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12 years ago

I’m frugal, I like free

12 years ago


Nicholas Barnett
12 years ago

If you are not using the endowment model as an investor than you are missing the whole point of investing. After all the numbers are crunched concerning the probability of forcasting and market timing as a long term strategy, you are left with a short term strategy that is a ticking time bomb to fail regardless of the talent. The endownment model is just the evolution of portfolio theory from the greatest investing minds today. It is not prideful and ego centric enough to try what market timing and forecasting does. Those strategies are just one asset class, when endowment models include 6+ asset classes. Moving forward in the world of volatility and global connectivity the risk of the overall market has increased. Therefore the paradigm of diversification has become macro in nature across the gamet of economic instruments. This is the only way to reduce the overall volatility and risk within the portfolio with out scarficing equity like returns. The endowment model is the future of individual investing.

12 years ago

I’m also interested to read this book. Thanks for the opportunity.

12 years ago

Sign me up please


12 years ago

With the current market meltdown and all the changes in the global market, it would it interesting to read about the author’s view and his predictions of the future economy. Please include me in the book giveaway. Thanks

12 years ago

seems like an interesting read …

12 years ago

I’d like to be in the drawing. Thanks!

Andrew Paterson
12 years ago

Sounds interesting – sign me up!

12 years ago

please sign me up