Sandy Nairn, the chief investment officer of Scottish Widows Investment Partnership, today launches...
Sandy Nairn, the chief investment officer of Scottish Widows Investment Partnership, today launches his book Engines That Move Markets.
Engines That Move Markets examines the impact that some of the greatest technological inventions have had on financial markets and investors' fortunes over the past 200 years. Nairn looks at who made money, who lost money and discusses the patterns which emerged to point to how investors could maximise their returns and minimise their risks.
Dr Narin traces the history of ten distinct time periods during which a potentially transforming new technology was introduced and then taken up with huge enthusiasm by the stock market. These technologies include the railways in the UK, railroads in the US, the automobile, electric light, crude oil, the radio, the telephone and the computer.
These episodes are then compared with the recent history of the internet , for its earliest beginnings in US academic and defence establishments, to its emergence as a stock market phenomenon in the 1990s, culminating in the market bubble of early 2000.
"From my research, it became apparent that the pattern of boom and bust is one that has been witnessed many times before. History, shows clearly the dangers of ignoring conventional valuation parameters," Dr Nairn said.
Engines that move markets is available from all major bookshops, as well as on line through Amazon.
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