Book Summaries
How To Make Better Investments? B 1021
- The Greatest Trade Everis a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis–that outwitted Chuck Prince, Stanley O’Neal, Richard Fuld, and Wall Street’s titans–to make financial history.
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The Greatest Trade Everis a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis–that outwitted Chuck Prince, Stanley O’Neal, Richard Fuld, and Wall Street’s titans–to make financial history.
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The New Financial Order:Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions–risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies.
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What I Learned Losing a Million Dollars: The story of Jim Paul’s meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all—his fortune, his reputation, and his job—in one fatal attack of excessive economic hubris.
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When Genius Failed: The Rise and Fall of Long-Term Capital Managementis a business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management.
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The (Mis)Behavior of Markets: Benoit B. Mandelbrot, one of the century’s most influential mathematicians, is world-famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these classic lines we can now add another example: Markets are not the safe bet your broker may claim.
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A Random Walk Down Wall Street:Today’s stock market is not for the faint of heart. At a time of frightening volatility, what is the average investor to do? The answer: turn to Burton G. Malkiel’s advice in his reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio or 401(k),A Random Walk Down Wall Streetnow features new material on “tax-loss harvesting,” the crown jewel of tax management; the current bitcoin bubble; and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity.
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Related posts:
- Will It Fly Summary (7/10)
- Modern Man in Search of a Soul Summary (8/10)
- Part 2: Stir Up The Transgressive and Taboo (The Art of Seduction)
- Chapter 19: And They Lived Happily Every After (Sapiens)
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Edward Slingerland offers a perspective on thinking machines, emphasizing that they are fundamentally different from human beings and should not be feared as existential threats. He presents several key points: 1. AI as Tools: Slingerland views AI systems as tools, not sentient beings.
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Mario Livio (What to think about machines that think)
Mario Livio discusses the possibility of finding intelligent life on extrasolar planets, given that many such planets exist in habitable zones. He suggests that if life on Earth is not unique, the galaxy could be filled with advanced civilizations.
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Chapter 4: General Portfolio Policy: The Defensive Investor (The Intelligent Investor)
The conventional wisdom is that the investor should match the amount they risk with their risk tolerance. But Graham says that the amount of risk that is taken should depend instead on the amount of intelligent effort the investor is willing and capable of expending and doesn’t depend on age either.
Book Summaries
The Top 3 Books On Happiness
1. Stumbling on Happiness– Daniel Gilbert 2. The Seven Principles of Positive Psychology That Fuel Success and Performance at Work – Shawn Achor 3. The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom – Jonathan Haidt YARPP List ### Related posts: 1. Will It Fly Summary (7/10) 2.