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Author: Jeffrey McGinn Publisher: McGraw Hill Professional ISBN: 0071784918 Category : Business & Economics Languages : en Pages : 385
Book Description
Reshape your investing strategy for an increasingly uncertain world “An engrossing, fast-paced, terrific read for anyone interested in the financial imbalances due to too much reliance on math and too little respect for indeterminacy.” —Tyler Durden, ZeroHedge.com The world does not unfold according to a fixed set of rules. It is a dynamical system whose evolution looks like a bell curve with fat “tails.” The same is true of financial markets. However, every day we rely on the certainty and precision of mathematical strategies that assume the contrary to control and grow wealth in markets. Tail Risk Killers shows you how the rigidity of model-based thinking has led to the fragility of today’s global financial marketplace, and it explains how to use adaptive trading strategies to mitigate risk in impending market conditions. Risk management veteran Jeff McGinn pokes holes in prevalent assumptions about how financial markets act that tend to underestimate the likelihood of occurrence of extreme events. Through clear, conversational writing, real-world anecdotes, and easy-tofollow formulas, he provides a glimpse into the way tomorrow’s successful traders are viewing financial markets—with an eye for probability distributions. While illustrating how to protect your assets from tail risk, he shows you how to: Implement the six axioms for risk management Prepare for the unintended consequences of central banks suppressing tail risk Identify and avoid the dark risks hidden in today’s derivative-laden financial system Anticipate the fate of credit default swaps that may not face extinction McGinn argues that the intervention of central banks has robbed global markets of their opportunities to adapt, but this highly relevant book shows you that it is not too late to adapt your portfolio to survive the extreme events that happen more often than popular financial models suggest. Tail Risk Killers helps you discover useful information and processes beyond the focus of industry standards, helps you connect the dots of evolving trading strategies and time your next trade for maximum profitability.
Author: Jeffrey McGinn Publisher: McGraw Hill Professional ISBN: 0071784918 Category : Business & Economics Languages : en Pages : 385
Book Description
Reshape your investing strategy for an increasingly uncertain world “An engrossing, fast-paced, terrific read for anyone interested in the financial imbalances due to too much reliance on math and too little respect for indeterminacy.” —Tyler Durden, ZeroHedge.com The world does not unfold according to a fixed set of rules. It is a dynamical system whose evolution looks like a bell curve with fat “tails.” The same is true of financial markets. However, every day we rely on the certainty and precision of mathematical strategies that assume the contrary to control and grow wealth in markets. Tail Risk Killers shows you how the rigidity of model-based thinking has led to the fragility of today’s global financial marketplace, and it explains how to use adaptive trading strategies to mitigate risk in impending market conditions. Risk management veteran Jeff McGinn pokes holes in prevalent assumptions about how financial markets act that tend to underestimate the likelihood of occurrence of extreme events. Through clear, conversational writing, real-world anecdotes, and easy-tofollow formulas, he provides a glimpse into the way tomorrow’s successful traders are viewing financial markets—with an eye for probability distributions. While illustrating how to protect your assets from tail risk, he shows you how to: Implement the six axioms for risk management Prepare for the unintended consequences of central banks suppressing tail risk Identify and avoid the dark risks hidden in today’s derivative-laden financial system Anticipate the fate of credit default swaps that may not face extinction McGinn argues that the intervention of central banks has robbed global markets of their opportunities to adapt, but this highly relevant book shows you that it is not too late to adapt your portfolio to survive the extreme events that happen more often than popular financial models suggest. Tail Risk Killers helps you discover useful information and processes beyond the focus of industry standards, helps you connect the dots of evolving trading strategies and time your next trade for maximum profitability.
Author: Gary Gibbons Publisher: SAGE Publications ISBN: 148331281X Category : Business & Economics Languages : en Pages : 297
Book Description
A practical approach for entrepreneurs and investors Entrepreneurial Finance provides readers with the fundamental knowledge to finance, start, grow, and value new ventures, without the complex finance terms and calculations. This comprehensive yet practical approach incorporates a global perspective that appeals to entrepreneurs, investors, and students with diverse backgrounds, knowledge, and experience. From Facebook to Camera+, Gary Gibbons, Robert D. Hisrich, and Carlos M. DaSilva use real-world examples and their professional experiences to bring concepts to life. This text is one of the most readable books in the market without compromising high quality content and resources.
Author: M. Mitchell Waldrop Publisher: Open Road Media ISBN: 150405914X Category : Science Languages : en Pages : 492
Book Description
“If you liked Chaos, you’ll love Complexity. Waldrop creates the most exciting intellectual adventure story of the year” (The Washington Post). In a rarified world of scientific research, a revolution has been brewing. Its activists are not anarchists, but rather Nobel Laureates in physics and economics and pony-tailed graduates, mathematicians, and computer scientists from all over the world. They have formed an iconoclastic think-tank and their radical idea is to create a new science: complexity. They want to know how a primordial soup of simple molecules managed to turn itself into the first living cell—and what the origin of life some four billion years ago can tell us about the process of technological innovation today. This book is their story—the story of how they have tried to forge what they like to call the science of the twenty-first century. “Lucidly shows physicists, biologists, computer scientists and economists swapping metaphors and reveling in the sense that epochal discoveries are just around the corner . . . [Waldrop] has a special talent for relaying the exhilaration of moments of intellectual insight.” —The New York Times Book Review “Where I enjoyed the book was when it dove into the actual question of complexity, talking about complex systems in economics, biology, genetics, computer modeling, and so on. Snippets of rare beauty here and there almost took your breath away.” —Medium “[Waldrop] provides a good grounding of what may indeed be the first flowering of a new science.” —Publishers Weekly
Author: Mark Spitznagel Publisher: John Wiley & Sons ISBN: 1118416678 Category : Business & Economics Languages : en Pages : 368
Book Description
As today's preeminent doomsday investor Mark Spitznageldescribes his Daoist and roundabout investmentapproach, “one gains by losing and loses by gaining.”This is Austrian Investing, an archetypal, counterintuitive,and proven approach, gleaned from the 150-year-old Austrian Schoolof economics, that is both timeless and exceedingly timely. In The Dao of Capital, hedge fund manager andtail-hedging pioneer Mark Spitznagel—with one of the topreturns on capital of the financial crisis, as well as over acareer—takes us on a gripping, circuitous journey from theChicago trading pits, over the coniferous boreal forests andcanonical strategists from Warring States China to NapoleonicEurope to burgeoning industrial America, to the great economicthinkers of late 19th century Austria. We arrive at his centralinvestment methodology of Austrian Investing, where victorycomes not from waging the immediate decisive battle, but ratherfrom the roundabout approach of seeking the intermediatepositional advantage (what he calls shi), of aiming at theindirect means rather than directly at the ends. The monumentalchallenge is in seeing time differently, in a whole newintertemporal dimension, one that is so contrary to ourwiring. Spitznagel is the first to condense the theories of Ludwig vonMises and his Austrian School of economics into a cohesiveand—as Spitznagel has shown—highly effective investmentmethodology. From identifying the monetary distortions andnon-randomness of stock market routs (Spitznagel's bread andbutter) to scorned highly-productive assets, in Ron Paul's wordsfrom the foreword, Spitznagel “brings Austrian economics fromthe ivory tower to the investment portfolio.” The Dao of Capital provides a rare and accessible lookthrough the lens of one of today's great investors to discover aprofound harmony with the market process—a harmony that is soessential today.
Author: Robert Costanza Publisher: CRC Press ISBN: 156670684X Category : Science Languages : en Pages : 360
Book Description
From Empty-World Economics to Full-World Economics Ecological economics explores new ways of thinking about how we manage our lives and our planet to achieve a sustainable, equitable, and prosperous future. Ecological economics extends and integrates the study and management of both "nature's household" and "humankind's household"—An Introduction to Ecological Economics, Second Edition, the first update and expansion of this classic text in 15 years, describes new approaches to achieving a sustainable and desirable human presence on Earth. Written by the top experts in the field, it addresses the necessity for an innovative approach to integrated environmental, social, and economic analysis and management, and describes policies aimed at achieving our shared goals. Demands a Departure from Business as Usual The book begins with a description of prevailing interdependent environmental, economic, and social issues and their underlying causes, and offers guidance on designing policies and instruments capable of adequately coping with these problems. It documents the historical development of the disciplines of economics and ecology, and explores how they have evolved so differently from a shared conceptual base. Structured into four sections, it also presents various ideas and models in their proper chronological context, details the fundamental principles of ecological economics, and outlines prospects for the future. What’s New in the Second Edition: Includes several new pieces and updates in each section Adds a series of independently authored "boxes" to expand and update information in the current text Addresses the historical development of economics and ecology and the recent progress in integrating the study of humans and the rest of nature Covers the basic concepts and applications of ecological economics in language accessible to a broad audience An Introduction to Ecological Economics, Second Edition can be used in an introductory undergraduate or graduate course; requires no prior knowledge of mathematics, economics, or ecology; provides a unified understanding of natural and human-dominated ecosystems; and reintegrates the market economy within society and the rest of nature.
Author: Bernard Stiegler Publisher: Stanford University Press ISBN: 9780804730419 Category : Philosophy Languages : en Pages : 322
Book Description
What is a technical object? At the beginning of Western philosophy, Aristotle contrasted beings formed by nature, which had within themselves a beginning of movement and rest, and man-made objects, which did not have the source of their own production within themselves. This book, the first of three volumes, revises the Aristotelian argument and develops an innovative assessment whereby the technical object can be seen as having an essential, distinct temporality and dynamics of its own. The Aristotelian concept persisted, in one form or another, until Marx, who conceived of the possibility of an evolution of technics. Lodged between mechanics and biology, a technical entity became a complex of heterogeneous forces. In a parallel development, while industrialization was in the process of overthrowing the contemporary order of knowledge as well as contemporary social organization, technology was acquiring a new place in philosophical questioning. Philosophy was for the first time faced with a world in which technical expansion was so widespread that science was becoming more and more subject to the field of instrumentality, with its ends determined by the imperatives of economic struggle or war, and with its epistemic status changing accordingly. The power that emerged from this new relation was unleashed in the course of the two world wars. Working his way through the history of the Aristotelian assessment of technics, the author engages the ideas of a wide range of thinkers--Rousseau, Husserl, and Heidegger, the paleo-ontologist Leroi-Gourhan, the anthropologists Vernant and Detienne, the sociologists Weber and Habermas, and the systems analysts Maturana and Varela.
Author: Ilan Stavans Publisher: Duke University Press ISBN: 0822376881 Category : Social Science Languages : en Pages : 241
Book Description
The essayist and cultural commentator Ilan Stavans and the analytic philosopher Jorge J. E. Gracia share long-standing interests in the intersection of art and ideas. Here they take thirteen pieces of Latino art, each reproduced in color, as occasions for thematic discussions. Whether the work at the center of a particular conversation is a triptych created by the brothers Einar and Jamex de la Torre, Andres Serrano's controversial Piss Christ, a mural by the graffiti artist BEAR_TCK, or Above All Things, a photograph by María Magdalena Campos-Pons, Stavans and Gracia's exchanges inevitably open out to literature, history, ethics, politics, religion, and visual culture more broadly. Autobiographical details pepper Stavans and Gracia's conversations, as one or the other tells what he finds meaningful in a given work. Sparkling with insight, their exchanges allow the reader to eavesdrop on two celebrated intellectuals—worldly, erudite, and unafraid to disagree—as they reflect on the pleasures of seeing.
Author: Steven T. Brown Publisher: Springer ISBN: 0230110061 Category : Social Science Languages : en Pages : 263
Book Description
Engaging some of the most canonical and thought-provoking anime, manga, and science fiction films, Tokyo Cyberpunk offers insightful analysis of Japanese visual culture. Steven T. Brown draws new conclusions about the cultural flow of art, as well as important technological issues of the day.
Author: M. Eze Publisher: Springer ISBN: 0230109691 Category : History Languages : en Pages : 220
Book Description
In examining the intellectual history in contemporary South Africa, Eze engages with the emergence of ubuntu as one discourse that has become a mirror and aftermath of South Africa s overall historical narrative. This book interrogates a triple socio-political representation of ubuntu as a displacement narrative for South Africa s colonial consciousness; as offering a new national imaginary through its inclusive consciousness, in which different, competing, and often antagonistic memories and histories are accommodated; and as offering a historicity in which the past is transformed as a symbol of hope for the present and the future. This book offers a model for African intellectual history indignant to polemics but constitutive of creative historicism and healthy humanism.
Author: Jeffrey McGinn
Author: Jeffrey McGinn
Author: Gary Gibbons
Author: M. Mitchell Waldrop
Author: Mark Spitznagel
Author: Sunny Y. Auyang
Author: Robert Costanza
Author: Bernard Stiegler
Author: Ilan Stavans
Author: Steven T. Brown
Author: M. Eze