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
A New York Times bestselling author and leading expert on market risk argues that seismic shifts in the global economy will trigger a multi-trillion-dollar migration of wealth, outlining new rules of investing for the forward-thinking. “I can’t tell you how much I learned from How to Listen When Markets Speak. The historical perspectives and insights are something every investor needs to know. Buy this book.”—Mark Cuban From Wall Street to the White House, the fantasy of an eventual “return to normal” is still alive and well, nurtured by dangerously outdated theories. But the economic world as we know it—and the rules that govern it—are over. In the coming decade, we’ll witness sustained inflation, a series of sovereign and corporate debt crises, and a thundering of capital out of financial assets into hard assets. Few are prepared. Lawrence G. McDonald, founder of the economic research platform The Bear Traps Report, got a real-world education in market risk when, as a Lehman Brothers VP, he watched the firm ignore flashing warning signs before its collapse. His analysis led him to identify twenty-one indicators for gauging the health of an economy and detecting early signals of opportunity and danger. In How to Listen When Markets Speak, McDonald unveils his unique predictive models, connecting surprising dots between past, present, and future and outlining actionable trading ideas for staying a beat ahead of the markets. Readers will learn: • How disastrous Fed policy will collide with an increasingly fragmented geopolitical landscape to keep U.S. inflation near 3-5% for the next decade • How growing demand for oil and gas, underinvestment in urgently needed energy infrastructure, and cozy Russia–Saudi Arabia relations will lift the base price of energy to historic levels • Why hard assets and rare minerals like lithium and cobalt will outperform growth stocks, U.S. treasuries, and overcrowded passive investment strategies—and how to detect bearish and bullish trends in advance • How passive investing and the vehicles intended to democratize finance have fueled bubbles and ideological skew by large market participants, leaving millions of 401(k)s and IRAs at risk • Why America will likely lose its position as a global superpower and holder of the world’s premier reserve currency, and may be forced to slash Social Security, Medicare, and military spending Rather than merely doomsaying, How to Listen When Markets Speak equips readers to make sense of our current moment, resist reactionary narratives and baseless analysis, and preserve their wealth in turbulent times. When markets speak, it pays to listen.
"He was the most important scholar of privacy since Louis Brandeis."Jeffrey Rosen In defining privacy as the claim of individuals to determine for themselves when, how and to what extent information about them is communicated,” Alan Westin’s 1967 classic Privacy and Freedom laid the philosophical groundwork for the current debates about technology and personal freedom, and is considered a foundational text in the field of privacy law. By arguing that citizens retained control over how their personal data was used, Westin redefined privacy as an individual freedom, taking Justice Louis Brandeis’ 19th century definition of privacy as a legal right and expanding it for use in modern times. Westin’s ideas transformed the meaning of privacy, leading to a spate of privacy laws in the 1970s, as well as prefiguring the arguments over privacy that have come to dominate the internet era. This all new edition of Privacy and Freedom features an introduction by Daniel J. Solove, John Marshall Harlan Research Professor of Law at the George Washington University Law School.
Anarchism has been both a vision of a peaceful, cooperative society—and an ideology of revolutionary terror. Since the term itself—anarchism—is a negation, there is a great deal of disagreement on what the positive alternative would look like. The black flag comes in many colors.The Anarchist Handbook is an opportunity for all these many varied voices to speak for themselves, from across the decades. These were human beings who saw things differently from their fellow men. They fought and they loved. They lived and they died. They disagreed on much, but they all shared one vision: Freedom.
Economist Bryan Caplan makes a bold case for unrestricted immigration in this fact-filled graphic nonfiction. American policy-makers have long been locked in a heated battle over whether, how many, and what kind of immigrants to allow to live and work in the country. Those in favor of welcoming more immigrants often cite humanitarian reasons, while those in favor of more restrictive laws argue the need to protect native citizens. But economist Bryan Caplan adds a new, compelling perspective to the immigration debate: He argues that opening all borders could eliminate absolute poverty worldwide and usher in a booming worldwide economy―greatly benefiting humanity. With a clear and conversational tone, exhaustive research, and vibrant illustrations by Zach Weinersmith, Open Borders makes the case for unrestricted immigration easy to follow and hard to deny.
Hoy en día todos están listos para criticarte, etiquetarte y juzgarte si te equivocas, pero cuando alguien pide ayuda… nada. Tú, en realidad, solo necesitas hablar y desahogarte con alguien que te entienda, que no te juzgue, con alguien con quien puedas ser tú mismo/a al 100%. Necesitas a alguien con quien compartir tus pensamientos e ideas, sintiéndote libre, sin ansias o preocupaciones. Este libro, hecho de simples páginas de papel, va a ser capaz de ayudarte. Te darà la posibilidad de hablar, de liberarte de todos esos pensamientos de tu cabeza, de desahogarte y de ser, finalmente, tú mismo/a. Disfruta de cada palabra de estas páginas, disfruta de poder responder a estas preguntas y de expresar tus ideas sin tener que preocuparte de lo que piensen los demás. Estas páginas te ayudarán a conocerte, a descubrirte a tí mismo/a y a expresarte sin límites. Sé tú mismo/a y prepárate para ser sincero/a contigo.
La labor -crucial- de Menger en la historia del pensamiento económico se desarrolló en una doble vertiente. Por un lado, en el enfoque subjetivista e individualista -el individualismo metodológico- de la teoría del valor y de los precios y, en general, de las diversas categorías económicas. Fruto de este enfoque fueron sus Principios de Economía Política que, junto con la Theory of Political Economy de Jevons (Walras vino más tarde), constituyeron el arranque de lo que se ha dado en llamar la revolución marginalista en teoría económica. La otra gran aportación de Menger fue su defensa de la teoría frente a las dominantes corrientes positivistas e historicistas. Su lúcida participación en la gran polémica sobre el método -la Methodenstreit- se concretó en uno de los más sugestivos libros sobre metodología de las ciencias sociales, sus famosas Untersuchungen. En palabras de Hayek, para los historiadores resulta incuestionable que la posición poco menos que excepcional alcanzada por la Escuela Austriaca en el proceso del desarrollo de la Economía política se debe casi en su totalidad a los fundamentos sobre
The Sunday Times top ten bestseller. Edward Snowden, the man who risked everything to expose the US government’s system of mass surveillance, reveals for the first time the story of his life, including how he helped to build that system and what motivated him to try to bring it down. In 2013, twenty-nine-year-old Edward Snowden shocked the world when he broke with the American intelligence establishment and revealed that the United States government was secretly pursuing the means to collect every single phone call, text message, and email. The result would be an unprecedented system of mass surveillance with the ability to pry into the private lives of every person on earth. Here, Snowden reveals for the very first time how he helped to build this system and why he was moved to expose it. Spanning the bucolic Beltway suburbs of his childhood and the clandestine CIA and NSA postings of his adulthood, Permanent Record is the extraordinary account of a bright young man who grew up online – a man who became a spy, a whistleblower, and, in exile, the Internet’s conscience. Written with wit, grace, passion, and an unflinching candor, Permanent Record is a crucial memoir of our digital age. 'A riveting account . . . Reads like a literary thriller' - New York Times
3 Years - Daisy Robin & Me Starter Green (pack)
¡Bienvenidos a Fantasiburgo! ¡¡¡PROHIBIDO EL ACCESO DE HUMANOS!!! Serie middle grade muuuy gamberra que combina misterio con fantasía y humor. Un libro, un caso fantástico a resolver, capítulos cortos, escenarios increíbles y voces únicas. ¡Y con las divertidísimas ilustraciones de Bea Tormo! Tania y Gon se han acostumbrado a la vida en Fantasiburgo: el supermercado de dragones, los conciertos de sirenas y las series de ogros. Pero su tranquilidad llega a su fin con la llegada de Nené, la nueva profesora de apoyo, una tímida esfinge. ¿Por qué desaparecen los adultos del cole? Y sobre todo: ¿¡por qué la profesora esfinge nunca pregunta a los alumnos, si es profesora y es esfinge!?
On this edition the chart specification has been improved to show coloured light flashes. There has been general updating throughout.
Cuarta novela de la hilarante saga del Mundodisco. En esta entrega, Mortimer es un joven soñador y despistado a quien le toca en suerte una inesperada tarea: convertirse en aprendiz de la Muerte y aplicarse en liberar almas de su envoltura carnal. A decir verdad, Mort no está demasiado capacitado para ello, y en una de sus primeras misiones, liberar el alma de una atractiva princesa que está a punto de ser asesinada, decide en su lugar «liberar» el alma del asesino, interfiriendo así en los designios del Destino y provocando el consiguiente desaguisado. Por su parte, la Muerte, habiendo delegado buena parte de su trabajo en Mort, se dedica a beber, jugar a los dados y embarcarse en enrevesadas reflexiones filosóficas...