A Business Week, New York Times Business, and USA Today Bestseller "Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." ―The New York Times "An extraordinarily entertaining and informative book." ―The Wall Street Journal "A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." ―Business Week "Deserves to be, and surely will be, widely read." ―The Economist "[A] challenging book, one that may change forever the way people think about the world." ―Worth "No one else could have written a book of such central importance with so much charm and excitement." ―Robert Heilbroner author, The Worldly Philosophers "With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Nothing like it will come out of the financial world this year or ever. I speak carefully: no one should miss it." ―John Kenneth Galbraith Professor of Economics Emeritus, Harvard University In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today. "An extremely readable history of risk." ―Barron's "Fascinating . . . this challenging volume will help you understand the uncertainties that every investor must face." ―Money "A singular achievement." ―Times Literary Supplement "There's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein would mingle well in their company." ―The Australian
Of the books published regarding hyperinflation, this may be the only one that provides effective strategies for operating a business under conditions of a rapidly depreciating currency. "The Hyperinflation Survival Guide: Strategies for American Businesses" was written by Dr. Gerald Swanson (an associate professor of economics at the University of Arizona). Harry E. Figgie, Jr. sponsored the research and production of this book. As it was originally printed in 1989, it was way ahead of its time. However, this doesn't change the fact that this book will prove to be an excellent resource for businessmen and individuals once the Federal Reserve's destruction of the U.S. dollar enters its terminal stage.
Do you think you know something about Bitcoin and Austrian Economics? If so you may be ready for Cryptoeconomics. This is not a work for the uninitiated. The content is dense – it does not repeat itself. It is not a contribution to the echo chamber, will not show you how to set up a wallet, the future price, or what to do. Cryptoeconomics applies rational economic principles to Bitcoin, demonstrating flaws and unnecessary complexities in them, and in common understandings of Bitcoin. It will improve your understanding of both. Bitcoin requires a new, rigorous, and comprehensive discipline. This is it. Bitcoin is something new. It seems to defy understanding. Has there ever been a fixed supply money? Is there another case of production cost varying directly with product price? Is there anything else with a competitive yet fixed rate of transactability? To see past the hype, understand the value proposition, security model, and economic behavior, this may be your only source. Bitcoin is economics, technology, and security. Without incorporating all of these aspects, errors will be made. Economists, technologists, security experts, and even numerologists have attempted to explain it. Each brings a limited perspective, failing to incorporate essential aspects. The author found himself uniquely qualified to integrate them. His work in Bitcoin began with a hardware wallet. He spent a year analyzing threats, working with electronics design, hardware exploitation, and state surveillance experts. He chose the Libbitcoin software library, as Satoshi’s prototype was not factored for development and was largely financed by the Bitcoin Foundation, a corporate consortium. He later dedicated himself to Libbitcoin, eventually writing or editing all of its ~500,000 lines of code. Few have comparable experience with such a comprehensive Bitcoin stack. As a combat-experienced fighter pilot in the U.S. Navy he experienced state threats. He became a highly-qualified Strike Fighter Tactics Instructor, in which his primary role was tactics analysis and threat presentation. He also advised for the Navy on the Strike Fighter Training System network, Joint Strike Fighter, early GPS weapons, and F/A-18 systems. His understanding of the physical nature of all security was enhanced by decades of training in Japanese martial arts, achieving black belt rankings in five disciplines. His degree and experience in computer science mixed with extensive business experience, founding several companies. He has worked at IBM and as a Principle Architect at Microsoft, two of the world’s largest companies. The latter purchased his first startup, and his second was acquired by Veritas Capital. He was awarded three related U.S. patents. Eventually he became an angel investor, sharing his experience with other entrepreneurs. As CTO of his first company he published three computer security advisories via Computer Emergency Response Team. Each was derived entirely from his reading of user documentation. Later he earned a seat on the DHS Open Vulnerability Assessment Language advisory board for his work on software patching. In recent years he uncovered material security flaws in each of the first three iterations of a popular “secure element” hardware wallet, again from review of user documentation. Thirty years of self-study in free market economics was reinforced by extensive global travel. In visiting over 80 countries he has interacted with people on five continents. Still often traveling on a motorcycle with only a shoulder bag, he obtains intimate understanding of global economic realities. From Zimbabwean black market currency traders, to Tanzanian coffee pickers, Venezuelan refugees, Mongolian shepherds, Okinawan jazz musicians, Lao monks, etc. – the world is not as often presented. The ability to integrate these diverse and relevant experiences led to Cryptoeconomics. This is your next stop.
Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Now in a striking new hardcover edition, Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s insights and methods. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared. PRAISE FOR FOOLED BY RANDOMNESS: Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year “[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-five theses were to the Catholic Church.” –Malcolm Gladwell, author of Blink “The book that rolled down Wall Street like a hand grenade.” –Maggie Mahar, author of Bull! A History of the Boom, 1982—1999 “Fascinating . . . Taleb will grab you.” –Peter L. Bernstein, author of Capital Ideas Evolving “Recalls the best of scientist/essayists like Richard Dawkins . . . and Stephen Jay Gould.” –Michael Schrage, author of Serious Play: How the World’s Best Companies Simulate to Innovate “We need a book like this. . . . Fun to read, refreshingly independent-minded.” –Robert J. Shiller, author of Irrational Exuberance “Powerful . . . loaded with crackling little insights [and] extreme brilliance.” –National Review
Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s insights and methods. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared. Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year
This New York Times bestseller and business classic has been fully updated for a world where skilled communication is more important than ever. The book that revolutionized business communications has been updated for today’s workplace. Crucial Conversations provides powerful skills to ensure every conversation―especially difficult ones―leads to the results you want. Written in an engaging and witty style, it teaches readers how to be persuasive rather than abrasive, how to get back to productive dialogue when others blow up or clam up, and it offers powerful skills for mastering high-stakes conversations, regardless of the topic or person. This new edition addresses issues that have arisen in recent years. You’ll learn how to: * Respond when someone initiates aCrucial Conversationwith you * Identify and address the lag time between identifying a problem and discussing it * Communicate more effectively across digital mediums When stakes are high, opinions vary, and emotions run strong, you have three choices: Avoid a crucial conversation and suffer the consequences; handle the conversation poorly and suffer the consequences; or apply the lessons and strategies of Crucial Conversations and improve relationships and results. Whether they take place at work or at home, with your coworkers or your spouse, Crucial Conversations have a profound impact on your career, your happiness, and your future. With the skills you learn in this book, you'll never have to worry about the outcome of a Crucial Conversation again.
Note: The font size of the text in the book is 11.5 pt A penetrating examination of how we live and how to live better A narration of a summer motorcycle trip undertaken by a father and his son, Zen and the Art of Motorcycle Maintenance becomes a personal and philosophical odyssey into fundamental questions on how to live. The narrator's relationship with his son leads to a powerful self-reckoning; the craft of motorcycle maintenance leads to an austerely beautiful process for reconciling science, religion, and humanism. Resonant with the confusions of existence, this classic is a touching and transcendent book of life. This new edition contains an interview with Pirsig and letters and documents detailing how this extraordinary book came to be.
The bestselling citizen’s guide to economics “Thomas Sowell is the nation’s greatest living economist.” —American Spectator Basic Economics is a citizen’s guide to economics, written for those who want to understand how the economy works but have no interest in jargon or equations. Bestselling economist Thomas Sowell explains the general principles underlying different economic systems: capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
A bold and eye-opening exposé on how power and propaganda distort the news, now more relevant than ever • With an updated introduction “[A] compelling indictment of the news media’s role in covering up errors and deceptions in American foreign policy.”—The New York Times Book Review Renowned scholars Edward S. Herman and Noam Chomsky reveal how U.S. news media, far from being independent watchdogs, often function as tools of elite influence. With probing analysis, they present their Propaganda Model, a framework that explains how systemic bias shapes the stories we’re told, the voices we hear, and the truths that remain hidden. Through deeply researched case studies, from the Vietnam War to coverage of “worthy” vs. “unworthy” victims, Manufacturing Consent exposes the structural forces that drive news organizations to reinforce power rather than question it. It’s a sobering portrait of a media system more interested in maintaining order than informing the public. This edition includes an introduction updating key examples and expanding the Propaganda Model’s relevance to issues like the coverage of NAFTA, the media’s treatment of global protests, and environmental regulation. Manufacturing Consent is a powerful assessment of how propagandistic the U.S. mass media are, how they systematically fail to live up to their self-image as providers of the kind of information that people need to make sense of the world, and how we can understand their function in a radically new way. Whether you’re a student, activist, or citizen looking to see beyond the headlines, this book will transform how you understand the media—and the world around you.
Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today's financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first published in 1958. The updated paperback retains the investment wisdom of the original edition and includes the perspectives of the author's son Ken Fisher, an investment guru in his own right in an expanded preface and introduction "I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits...A thorough understanding of the business, obtained by using Phil's techniques...enables one to make intelligent investment commitments." ―Warren Buffet
TCP/IP Illustrated, an ongoing series covering the many facets of TCP/IP, brings a highly-effective visual approach to learning about this networking protocol suite. TCP/IP Illustrated, Volume 2 contains a thorough explanation of how TCP/IP protocols are implemented. There isn't a more practical or up-to-date bookothis volume is the only one to cover the de facto standard implementation from the 4.4BSD-Lite release, the foundation for TCP/IP implementations run daily on hundreds of thousands of systems worldwide. Combining 500 illustrations with 15,000 lines of real, working code, TCP/IP Illustrated, Volume 2 uses a teach-by-example approach to help you master TCP/IP implementation. You will learn about such topics as the relationship between the sockets API and the protocol suite, and the differences between a host implementation and a router. In addition, the book covers the newest features of the 4.4BSD-Lite release, including multicasting, long fat pipe support, window scale, timestamp options, and protection against wrapped sequence numbers, and many other topics. Comprehensive in scope, based on a working standard, and thoroughly illustrated, this book is an indispensable resource for anyone working with TCP/IP.
In this instant New York Times bestseller, renowned economist Thomas Sowell demolishes the myths that underpin the social justice movement “Light on rhetoric, seriously heavy on data, and accessible in style, there is a reason why Sowell has been described as ‘among the most brilliant thinkers in the world today’ by Harvard University’s Steven Pinker and an ‘American sage’ by the Wall Street Journal.” – Washington Examiner The quest for social justice is a powerful crusade of our time, with an appeal to many different people, for many different reasons. But those who use the same words do not always present the same meanings. Clarifying those meanings is the first step toward finding out what we agree on and disagree on. From there, it is largely a question of what the facts are. Social Justice Fallacies reveals how many things that are thought to be true simply cannot stand up to documented facts, which are often the opposite of what is widely believed. However attractive the social justice vision, the crucial question is whether the social justice agenda will get us to the fulfillment of that vision. History shows that the social justice agenda has often led in the opposite direction, sometimes with catastrophic consequences. More things are involved besides simply mistakes. All human beings are fallible, and social justice advocates may not necessarily make any more mistakes than others. But crusaders with an utter certainty about their mission are often undeterred by obstacles, evidence or even fatal dangers. That is where much of the Western world is today. The question is whether we will continue on heedlessly, past the point of no return.