Emerging Markets in an Upside Down World: Challenging Perceptions in Asset Allocation and Investment (The Wiley Finance Series)

insightful and productive

This is a well written, in-depth book covering much more than just emerging markets. It covers basics, evaluates the financial crisis and then challenges conceptions on how to gain value, particularly from the emerging markets, which cover such wide regions.It's a technically complex book - though not overly long, it covers a lot of detail and I would say you definitely need a good background in investments to get the most of it - not just because of the subject but also particularly around terminology and approach.Overall though, thoroughly recommended as both a standalone knowledge source but also a thought provoker.

An interesting book which is well worth reading. In places the analysis and argumentation are not totally persuasive but overall this a book which merits a wider audience than it is likely to gain. Recommended.

to be honest....brutally honest...I didnt understand a word of this boolk, I thin I was aiming too high, and it was a little beyond my grasp....yes bits of it were interesting, but as I didnt really understand ANYTHING in the book, my review is a little bit vague unfortunately.its a big ol book, and I can see where a lot of people would find this book invaluable, but for me, i found it a realk struggle to take in.not for me

The general perception of emerging markets for investment has been either euphoric or depressive. Much of this stems from doubt about the quality of governance and data in those countries, but also because of a feeling that the deeper markets of the developed world are more understandable from the point of view of risk. The events of 2008 have shaken this latter belief, of course. A long-standing advocate of emerging markets, Booth proposes that classical portfolio theory and rational behaviours should be tossed out, and a deeper engagement with the burgeoning developing world will provide ample return for investment.

This is very much an academic textbook and so if you are an armchair investor or day trader looking for trading advice then this is not the book for you. In this book Booth takes you through all of the theory of emerging markets, from globalisation, defining emerging market, through why they matter after the financial crisis, the limits of financial theory when you have game changing investing, to assessing risk, the structure of investment to address risk and finishing with with policy and regulatory implications. To the arm-chair investor the chapters on risk and investment structure and strategy are definitely worth reading.Emerging means new, tried and untested. It means great opportunity but also difficult to quantify risk. This is the current wild west in finance and people are going to get hurt. This book points to some of the possible pitfalls but there is never an ultimate answer.