{"product_id":"how-the-markets-really-work-9780609609651","title":"How the Markets Really Work","description":"\u003cp\u003eSeveral years ago  Joel Kurtzman was covering a meeting between a group of Russian economists and politicians and some of Americas best thinkers from business and academia. The Russians were trying to get a handle on exactly who was in charge of the markets and how long the founder of a failed start-up would be sentenced to jail.  Its easy to see why Joels Russian friends were befuddled. But how many of us really understand how the markets work  despite the fact that we live and work in a society that practically worships the market as a religion? And when people today are investing more money in mutual funds than in banks  this can be a problem. The markets are big  complex  and completely unforgiving. If you make a major mistake  you risk losing a major amount of money. Thats why its vital to peel back the layers of mystery shrouding the markets.  In How the Markets Really Work  Joel Kurtzman provides a lucid explanation of one of the fundamental forces shaping our lives. In clear  accessible language  Kurtzman explains:   How markets  which are so vital to the worlds economies  are able to function without any central control  How they create wealth and spread the risk of the worlds most uncertain  but potentially lucrative  bets  How markets package and resell debt  connect financial institutions  and set prices  Why volatility has increased and what this means for the boom and bust of investing  Kurtzman illuminates the musty corners of the markets  showing how the system is both a single network linked together globally and a highly coordinated dance of free-wheeling  unchoreographed dancers that constitutes a massive social mechanism for laying off some of the worlds riskier bets. He explains the kinds of products that traders trade within the network (stocks  bonds  options  etc); how money circulates within the network; and how banks fit into the global network.  This is a book that will help you think strategically about investing. If you understand the markets and the instruments and vehicles that are traded on those markets before thinking about individual stocks and mutual funds  youll be a smarter  savvier investor.  The Crown Business Briefings series offers an appealing solution to the dilemma of todays business audience: how to keep up with the rapid pace of change in knowledge while leading time-crunched lives. The series features short books on important topics of immediate and measurable benefit to todays broad audience of business readers.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":67923667648565,"sku":"ByrdShop_0609609653","price":57.26,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780609609651.jpg?v=1794111030","url":"https:\/\/atxbooks.com\/products\/how-the-markets-really-work-9780609609651","provider":"ATX Books","version":"1.0","type":"link"}