CITATION

Jacobs, Bruce I.. Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes. New York: McGraw-Hill Education, 2018.

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

Published:  August 2018 Pages: 464

eISBN: 9781260440553 | ISBN: 9781260440546
  • Cover
  • Title Page
  • Copyright Page
  • Dedication
  • Contents
  • Exhibits
  • Acknowledgments
  • Introduction: Creating Financial Storms
  • About the Book
  • A Watchful Eye on Financial Crises
  • PART I
  • CHAPTER 1 Reducing Risk
  • PART II
  • CHAPTER 2 Black Monday 1987
  • CHAPTER 3 Replicating Options
  • CHAPTER 4 Portfolio Insurance and Futures Markets
  • CHAPTER 5 Portfolio Insurance and the Crash
  • CHAPTER 6 After the 1987 Crash—Options
  • PART III
  • CHAPTER 7 Options, Hedge Funds, and the Volatility of 1998
  • CHAPTER 8 Long-Term Capital Management
  • CHAPTER 9 Long-Term Capital Management Postmortem
  • PART IV
  • CHAPTER 10 The Credit Crisis and Recession, 2007–2009
  • CHAPTER 11 Blowing Bubbles
  • CHAPTER 12 Weapons of Mass Destruction
  • CHAPTER 13 Securitization and the Housing Bubble
  • CHAPTER 14 Securitization and the Credit Crisis
  • PART V
  • CHAPTER 15 After the Storm, 2010–2018
  • CHAPTER 16 The European Debt Crisis
  • CHAPTER 17 Illusions of Safety and Market Meltdowns
  • CHAPTER 18 Taming the Tempest
  • APPENDIX A Foreshadowing the Crises: The Crash of 1929
  • APPENDIX B Primer on Bonds, Stocks, and Derivatives
  • Government Bonds
  • Corporate Bonds
  • Stocks
  • SIDEBAR The Equity Risk Premium
  • Derivatives
  • APPENDIX C The Debate on Portfolio Insurance
  • Bruce Jacobs’s “Memorandum to Prudential Insurance Company of America’s Client Service and Sales Forces regarding Portfolio Insulation” – January 17, 1983
  • Bruce Jacobs’s “The Portfolio Insurance Puzzle” – August 22, 1983
  • Hayne Leland’s “Portfolio Insurance Performance, 1928–1983” (1984)
  • APPENDIX D Derivatives Disasters in the 1990s
  • Metallgesellschaft
  • Gibson Greetings
  • Orange County, California
  • APPENDIX E Bruce Jacobs’s Research Objectivity Standards Proposal
  • Bruce Jacobs’s “Research Objectivity Standards Proposal” – August 12, 2002
  • Acronyms
  • Glossary
  • Endnotes
  • Bibliography
  • Index