History: New Exchange Traded Funds ETFs Sector Trading Textbook
From the book Sector Trading: A Year in Exchange Traded Funds, comes an interesting take on how we think and learn about financial markets. ETFs in particular are interesting financial derivative products, as they are affected by many different areas. It could be said they are one of the new breed of investment vehicles, as we move ever closer to this strange event horizon of globalization. The book lays out a grid approach for approaching ETF investing, something not many quants deal with. Sure, there are numbers, and games, and algorythms, and rythm methods, but like Victor Niederhoffer in his The Education of a Speculator and Taleb Nassims Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, Jonathan Bernsteins Sector Trading: A Year in Exchange Traded Funds (ETFs) all show the increasing importance that more global and psychological methods or market timing may be on the rise. Books like this are always interesting and stand out against the background of the heavy tomes.
