Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes
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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Product Reviews
J
J. Allen
Port Orchard, US
★★★★★ 4
reverse harem with heart and a HEA
Format: Kindle
Author duo Sasha Moon and Cassie Cole delivered a well written reverse harem romance read in Billionaire's Nanny. Our female lead Tessa starts as a server at an event and meets a sweet lil girl Tabitha. Damian is Tabitha's father and after the event all he hears about it Tessa and so, in his billionaire style shows up unannounced to offer Tessa a job as Tabitha's nanny that she can't refuse. Damian may be the beginning but there is also Theo, head of security and Nico, chauffeur and chef. These three go everywhere together. I love how our authors introduce us to the art world, exotic places traveled. They weave together the heat and sweet so well and I love that there is a storyline with mystery, heart just as much as the heat the characters bring. A wonderful HEA is to be had as well! A really good read! I received a free copy of this book via Booksprout and am voluntarily leaving a review.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on October 11, 2025
L
Lil Ms Reads A LOT
Belleville, US
★★★★★ 5
So many plot twists and turns!
Format: Kindle
In Billionaire's Nanny, Tessa is a catering waitress. While working an event, she encounters Tabitha, a precocious 6 year old who is bored and seeking her own form of entertainment when left to entertain herself at her father's event. Taking the child under her wings and keeping her out of trouble, little does Tessa know that with that simple act, the trajectory of her life will forever be altered. Damian is Tabitha's father. He's wildly successful in the art world and a billionaire. Theo is his body guard and head of security, while Nico is his chauffeur (of any form of transportation that moves) and personal chef. The three travel everywhere together. Damian is out to right the wrongs of the previous generations of his family. He wants his daughter to be proud of her legacy and he will do anything to ensure that she has this opportunity, even if it requires lying, stealing and riding the fine line between what is morally and legally right and wrong. In order to do this, he desperately needs the help of someone he trusts to watch over his daughter. Tabitha won't stop talking about Tessa and the time they spent together at the event. Without notice, Damian shows up on Tessa's doorstep and orders her to join them as Tabitha's nanny. Needing the money to help care for her siblings, Tessa agrees. What ensues is a quest for Tessa to learn who to trust. There is an air of mystery continually surrounding the three men that leaves Tessa feeling uneasy. Secretive meetings and phone calls. Continually jet setting from country to country. Locked vaults and rooms depicted on doll houses as nothing more than empty spaces. Who are these men? Are they good guys or bad? Tessa struggles with her growing feelings as she finds herself equally attracted to them all. As each man spends more time with Tessa and finds himself intrigued by her, each wants her for himself. These are three alpha males all vying for pole position in Tessa's heart. Little do they know, Tessa isn't interested in having only one in pole position. For her, it's all or nothing. Will they be able to give up ultimate control and learn to share? Authors Sasha Moon and Cassie Cole have done it again! This is an extremely well developed novel. Normally I am quick to determine the plot and the direction it's taking. If there's a mystery in a plot, I've usually solved it by 25% of the way into the book. The plot of this book was hard to guess, which is actually what makes this book so fantastic! I love the twists and the turns; the hint at explanations without actually not explaining much of anything at all. LOL It kept me engrossed and wanting to know what the heck was going on. The authors did a fabulous job of slowly dispersing tidbits of plot weaving intrigue and mystery throughout the entire length of the book. This book kept me focused the entire time I was reading it. I love that Tessa is a strong female lead. She isn't afraid to back down or ask questions when things don't make sense. She also has a soft side that just wants to be loved and to feel affection. She is like a mollusk, hard on the outside yet soft on the inside and in her heart. As much as she would like to trust, she has learned that you cannot blindly trust. So she asked questions. She watches. She tries to determine if her employer Damian is truly an individual that is upstanding and one whom she can trust with her life and her heart. The three men in the story are harder for the reader to get to know, especially Damian's character. The author slowly feeds you information with regards to their personalities, but even with the air of mystery surrounding them, there's something likeable about each of them. I couldn't help rooting for them all to get their HEA. This book is an absolute definite must read!
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Reviewed in the United States on October 8, 2025
A
Ashley G.
Louisville, US
★★★★★ 3
Not your average Billionaire's Nanny
Format: Kindle
A unique twist on a Billionaires Nanny plot. I was immediately drawn into the story and it kept me guessing on how it would unfold. The chemistry between Tessa, Damien, Theo and Nico was HOT. The spicy scenes were intense and everything you would expect from a Cassie Cole book. I had a difficult time connecting with Tessa. Some of her actions and unexplained entitlement to know everything going on around her seemed off to me but Theo was my absolute favorite.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on October 7, 2025
B
Verified Purchase
Brooke
Natrona Heights, US
★★★★★ 5
Hot tamales!
Format: Kindle
So Nico, using food as his love language. Damien, stoic and mysterious. Theo strong and constant. All revolving around Tessa, whose more than just a nanny. Absolutely loved it. Steamy and packed with awe and wonder as they travel the world in the name of art. Couldn't put the story down.
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Reviewed in the United States on May 27, 2026
E
Epicus Doomicus
Massapequa, US
★★★★★ 4
Entertaining Sweet and Steamy Billionaire RH Romance🔥❤️🔥
Format: Kindle
In this entertaining sweet and steamy,billionaire, RH romance Tessa is working as a server at a party for the Hawthorne Conservancy where she meets a cute little girl Tabitha who is going to change her life. After the party Tabitha can't stop talking about Tessa so her father Damian who's a billionaire takes it upon himself to just show up with no warning. The purpose of the surprise visit is to offer Tessa the job as Tabitha's nanny which she really has no chance of refusing. Once Tessa accepts the job she meets Nico the chauffeur as well as Theo the head of security Damian,Nico and Theo go everywhere and do everything together. What Tessa thought was going to be a simple nanny job has turned into so much more. I don't want to say anymore and ruin it for anyone else with spoilers. You really need to read this entertaining, sweet and steamy, billionaire, RH romance to see what happens. I would recommend reading this book. I received a free copy of this book via Booksprout and am voluntarily leaving a review.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on October 11, 2025

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