Efficiently Inefficient – one of the books that the smartest people on Wall Street are reading this summer

Lasse Heje Pedersen’s book Efficiently Inefficient has been listed as one of the top investment books to read this summer.

The Wall Street Journal placed it on the list of “the books Wall Street’s smartest people think you should read this summer”, where it was recommended by Torsten Slok, ‎Chief International Economist at Deutsche Bank.

At the EFT.com, Larry Swedroe recommended Efficiently Inefficient as “a must-read for serious investors”.

If you want to know more about Efficiently Inefficient, the book is available at the CBS bookstore, Amazon.com or you can also read Lasse’s own article at Institutional Investor: Are Markets Efficient or Irrational? Actually, A Bit of Both.

About Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined
By combining the latest research with real-world examples and interviews with top hedge fund managers, Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. The book covers different core areas in finance such as fundamental tools for investment management, portfolio choice, risk management, equity strategies, macro strategies, and arbitrage.

Lasse Heje Pedersen is a professor at the Department of Finance and a member of the FRIC Center for Financial Frictions at Copenhagen Business School.