Shuran Song

17%
Flag icon
Two examples: the forced selling that takes place when market crashes cause levered investors to receive margin calls and be sold out, and the inflows of cash to mutual funds that require portfolio managers to buy. In both cases, people are forced to enter into securities transactions without much regard for price.
The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing)
Rate this book
Clear rating
Open Preview