Business, Finance & Law Books

Book SynopsisAchieve higher returns with lower risk and take your profits globally. A leading hedge fund trader offers a solid and profitable trading approach to the world markets. This is the best stock market book that I have read in a long time. Boucher lays it out clearly, concisely, and in a most interesting manner. A ''must read'' for anyone who invests in the equities market. -Dan Sullivan Editor, The Chartist A leading practitioner offers rich theoretical insights and sound practical advice based on years of successful trading. Mark Boucher is that rare investment analyst who knows what really works in trading and can communicate it with authority and grace. -Nelson Freeburg Editor and Publisher, Formula Research, Inc. The Hedge Fund Edge is an indispensable guide for any investor or trader who wants to consistently profit from the markets without having to undergo huge risks. Mark Boucher, hedge fund manager and well-known speaker on trading, provides reTable of ContentsThe Risk of Traditional Investment Approaches. Liquidity-The Pump that Artificially Primes Investment Flows. Index Valuation Gauges-Do Not Ignore the Price You Pay. Macro Technical Tools-Making Sure the Tide Is Moving in the Right Direction. Containing Risk-Sound Strategy and Money Management Methods and the Principles of Character Necessary to Achieve Them. The Essence of Consistent Profits-Understanding. Equity Selection Criteria Long and Short-How Profits Are Magnified. Other Asset Classes and Models to Exploit Them. Asset Allocation Models and Global Relative Strength Analysis-Constructing a Portfolio. Appendices. Index.

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Book SynopsisShortlisted for the Financial Times Business Book of the Year!Will snare you in its web of deceit ... A brilliant investigative exposé' - Harlan Coben, bestselling thriller author Reads like a fast-paced John le Carré thriller, and never lets up' - New York Times book review The Spider Network is the almost-unbelievable and darkly entertaining inside account of the Libor scandal one of the biggest, farthest-reaching financial scams since the global financial crisis written by the only journalist with access to Tom Hayes before he was sentenced to fourteen years in prison. Full of exclusive details, and with ramifications that stretch right across the British establishment, this is a gripping, real-life story of outlandish characters and reckless greed in the City of London. By turns a rollicking account of the scandal and also a provocative examination of a financial system that was crooked throughTrade ReviewAnyone with an interest in financial services and in what has gone wrong will find The Spider Network compelling. -- Daniel Finkelstein * The Times *a surprisingly human narrative … truly memorable … a vivid depiction of the ethos of the core financial institutions upon which the global economy depends * New York Times *a model of investigative financial writing... a more satisfying read than THE BIG SHORT by Michael Lewis * Literary Review *will snare you in its web of deceit, lies, corruption, manipulation and colourful characters. [a] brilliant investigative exposé * Harlan Coben, bestselling thriller author *supremely gripping ... a thrilling tour de force of reporting, revelation and reasoning ... unmissable * Iain Martin, bestselling author of MAKING IT HAPPEN: FRED GOODWIN, RBS AND THE MEN WHO BLEW UP THE BRITISH ECONOMY *An incredibly entertaining, globe-straddling inside account of how one trader turbocharged a greedy cabal that scammed savers and borrowers everywhere. A must read if you want to understand how big banks and traders really work * Marcus Brauchli, former Executive Editor of the Washington Post and Managing Editor of the Wall Street Journal *Equally entertaining and illuminating … Enrich’s brilliant depiction … owes to deep reporting, deft writing, and a nuanced approach that characterizes the entire book… First-rate. * John Helyar, bestselling author of BARBARIANS AT THE GATE *how did a socially awkward English math whiz mastermind manipulation of lending rates on a global scale? And was Tom Hayes truly the mastermind, or just a cog in a corrupt banking system? In David Enrich’s gripping tale, the characters have nicknames worthy of the Mafia, and their ethical compasses aren't much better * Paul Ingrassia, Pulitzer Prize winner and bestselling author of CRASH COURSE *gripping and disturbing ... It reads like a thriller and has some hilarious moments, whilst raising important questions about the nature of our financial and judicial systems * Ian Fraser, journalist and author of SHREDDED: INSIDE RBS, THE BANK THAT BROKE BRITAIN *David Enrich is a masterful story teller ... Michael Lewis has a new rival * Sheila Bair, former chair of the FDIC and president of Washington College *An absorbing read that provides both a meticulous dissection of an immense scandal as well as a fascinating human story * Bethany McLean, bestselling author of THE SMARTEST GUYS IN THE ROOM: THE AMAZING RISE AND SCANDALOUS FALL OF ENRON *For years, David Enrich has chased down the inside story of one the biggest financial frauds in history and was even threatened with jail by a British court if he printed what he knew. Now, in his blockbuster book The Spider Network, all of the secrets come spilling out…With an unerring eye for detail, Enrich shows in this masterful work how a toxic stew of greed, arrogance and a lust for power led to a criminal scheme of unparalleled dimensions. It should be required reading for anyone who wants to understand the dirty underbelly of the financial world. * Kurt Eichenwald, Pulitzer Prize winning author of THE INFORMANT *This dwarfs by orders of magnitude any financial scams in the history of markets. * Andrew Lo, Professor of Finance at MIT *In the hands of journalist David Enrich, the true tale of former UBS and Citigroup trader Tom Hayes becomes a page-turning crime drama that engages – and educates – readers from beginning to end. * The Charlotte Observer *A gripping narrative ... impressive reporting and writing chops are on full display ... reads like a fast-paced John le Carré thriller, and never lets up * New York Times book review *a feat of reporting, and much of it reads like a novel -- Leigh Gallagher * Washington Post *a remarkable read -- John Arlidge * Sunday Times *jaw-dropping * Financial Times *a gripping financial thriller * Daily Mail *

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Book SynopsisFollowing in the footsteps of author Thomas Bulkowski's bestselling Encyclopedia of Chart Patterns -and structured in the same way-this easy-to-read and -use resource takes an in-depth look at 103 candlestick formations, from identification guidelines and statistical analysis of their behavior to detailed trading tactics.Trade Review"This book is a handy reference for beginners to advanced Technical Analysts. It contains statistical data for the performance of over 100 Candlestick patterns in both bull and bear markets, offers identification guidelines, and explores the performance of tall versus short candles and shadows. Of particular interest are the chapters which delve into important discoveries and those which explain each Table entry in detail and discuss the methodologies behind them. A useful addition it the visual index. Overall the easy to read makes this book a welcome addition to most Technical Analysis bookcases." —IFTA JournalTable of ContentsPreface xiii Acknowledgments xvii Introduction 1 1 Findings 8 2 Statistics Summary 20 3 8 New Price Lines 27 4 10 New Price Lines 38 5 12 New Price Lines 49 6 13 New Price Lines 60 7 Abandoned Baby, Bearish 70 8 Abandoned Baby, Bullish 80 9 Above the Stomach 89 10 Advance Block 98 11 Below the Stomach 108 12 Belt Hold, Bearish 118 13 Belt Hold, Bullish 127 14 Breakaway, Bearish 137 15 Breakaway, Bullish 141 16 Candle, Black 146 17 Candle, Short Black 154 18 Candle, Short White 162 19 Candle, White 170 20 Concealing Baby Swallow 178 21 Dark Cloud Cover 182 22 Deliberation 191 23 Doji, Dragonfly 202 24 Doji, Gapping Down 211 25 Doji, Gapping Up 221 26 Doji, Gravestone 230 27 Doji, Long-Legged 239 28 Doji, Northern 248 29 Doji, Southern 257 30 Doji Star, Bearish 266 31 Doji Star, Bullish 276 32 Doji Star, Collapsing 285 33 Downside Gap Three Methods 289 34 Downside Tasuki Gap 299 35 Engulfing, Bearish 308 36 Engulfing, Bullish 317 37 EveningDojiStar 326 38 Evening Star 335 39 Falling Three Methods 344 40 Hammer 348 41 Hammer, Inverted 356 42 Hanging Man 365 43 Harami, Bearish 374 44 Harami, Bullish 383 45 Harami Cross, Bearish 392 46 Harami Cross, Bullish 400 47 High Wave 409 48 Homing Pigeon 418 49 Identical Three Crows 427 50 In Neck 436 51 Kicking, Bearish 444 52 Kicking, Bullish 452 53 Ladder Bottom 459 54 Last Engulfing Bottom 470 55 Last Engulfing Top 479 56 Long Black Day 488 57 Long White Day 496 58 Marubozu, Black 504 59 Marubozu, Closing Black 512 60 Marubozu, Closing White 520 61 Marubozu, Opening Black 528 62 Marubozu, Opening White 536 63 Marubozu, White 544 64 Mat Hold 552 65 Matching Low 561 66 Meeting Lines, Bearish 570 67 Meeting Lines, Bullish 579 68 Morning Doji Star 588 69 Morning Star 598 70 On Neck 607 71 Piercing Pattern 616 72 Rickshaw Man 625 73 Rising Three Methods 633 74 Separating Lines, Bearish 642 75 Separating Lines, Bullish 651 76 Shooting Star, One-Candle 660 77 Shooting Star, Two-Candle 668 78 Side-by-Side White Lines, Bearish 676 79 Side-by-Side White Lines, Bullish 685 80 Spinning Top, Black 694 81 Spinning Top, White 702 82 Stick Sandwich 710 83 Takuri Line 720 84 Three Black Crows 728 85 Three Inside Down 738 86 Three Inside Up 747 87 Three-Line Strike, Bearish 756 88 Three-Line Strike, Bullish 765 89 Three Outside Down 774 90 Three Outside Up 782 91 Three Stars in the South 790 92 Three White Soldiers 794 93 Thrusting 803 94 Tri-Star, Bearish 812 95 Tri-Star, Bullish 820 96 Tweezers Bottom 829 97 Tweezers Top 837 98 Two Black Gapping Candles 845 99 Two Crows 853 100 Unique Three-River Bottom 861 101 Upside Gap Three Methods 870 102 Upside Gap Two Crows 879 103 Upside Tasuki Gap 888 104 Window, Falling 898 105 Window, Rising 903 Bibliography 907 Glossary and Methodology 909 Visual Index 919 Subject Index 929

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Book SynopsisUse eye-popping visual tools to energize your people! Just as social networking has reclaimed the Internet for human interactivity and co-creation, the visual meetings movement is reclaiming creativity, productivity, and playful exchange for serious work in groups.Trade ReviewPraise for Visual Meetings “David Sibbet is the father of visual facilitation. This book finally lets us see meetings as he sees them—as eye-opening opportunities to discover what people really think. David’s approach to visually recording and visually facilitating meetings will help you become a better meeting leader and participant, see a whole new side of business—and a whole new side of yourself.” –Dan Roam, author of The Back of the Napkin “I have experienced the transformative power of David’s pioneering visual methods and tools. Open this book and you will get a clear vision of collaboration in the future—groups inspired and energized, tapping into their collective wisdom to create sustainable solutions: the global brain at work.” –Meryem Le Saget, Meryem Le Saget Consulting, Paris “David Sibbet is a genius. Buy this book, and study it, not only for better meetings, but for better organizations, better teams, and a better future.” –Alan M. Webber, co-founder of Fast Company magazine “This amazing book shows you how visualization can bring clarity to the growing complexity around us.” –Bob Johansen, Distinguished Fellow, Institute for the Future “This book is like David’s workshops—fun and fruitful. Time and again, I have seen the principles and processes described in this book yield a rich harvest among audiences in Singapore.” –Dawn Yip, Soulbreath Consulting Singapore “Visual Meetings is an elegant and immensely practical guide to transforming group productivity. It provides novices with a fast start to making the most of scarce group time.” –Paul Saffo, Technology Forecaster Visiting Scholar, Stanford Media-X Network “’What If Meetings Were Really Fun AND Productive?’ Can you imagine? Visual meetings master David Sibbet has done it—put all the competency, wisdom, language, technique, resources, tools, everything you need in one delightful book?” –Robert E. Horn, author of Visual Language: Global Communication for the 21st Century Table of ContentsIntroduction xiThe Power of Visual Meetings I: Just Imagine What if Meetings Were Really Fun AND Productive? 1 1. Visualization is Worth 80 IQ Points 3Tapping Energy, Intelligence, & Creativity 2. Everybody Knows Graphic Language 19It’s Gesture with a Pen 3. Four Easy Ways to Get Started 37Personal Visualization, Napkins & Flipcharts, Graphic Templates, & Getting Others to Draw II: Engaging Groups & Building Rapport Why Visual Listening is So Compelling (and Easy!) 51 4. Getting People Involved 53Using Pictures to Interact 5. Presentation without PowerPoint 69Simple Drawings & Graphic Templates 6. Consulting & Selling with Graphics 81Drawing Out Customer Interests 7. Hands-On Information 89Sticky Notes & Dot Voting 8. Using Images & Interaction 97Collage & Picture Cards III: Graphics for Visual Thinking Mapping Ideas & Finding Key Patterns 107 9. Group Graphics 109Seven Ways to Write on the Wall 10. Problem Solving 133Getting Unstuck & Thinking around Corners 11. Storyboarding & Idea Mapping 147How Innovators & Designers Work 12. Visual Planning 157Using Graphic Templates to See the Big Picture 13. Multiple Meetings & Gallery Walks 173Making Sense of Things over Space & Time 14. Digital Capture 183Extending Your Meeting with Visual Documentation 15. Visualizing at a Distance 189Using Tablets in Web Meetings IV: Graphics for Enacting Plans Visuals for Teams, Projects, & Getting Results 195 16. Supporting Team Performance 197Visualizing Goals, Roles, & Action Plans 17. Decision-Making Meetings 205Aligning on Agreements & Getting Commitments 18. Project Management Meetings 209Mapping Progress with Pictures 19. Facilitating Innovation & Change 215Playing with Prototypes 20. Training & Workshops 223Leveraging Action Learning V: Seeing It All Come Together Tools for the Seriously Hooked 229 21. The Path to Visual Competency 231Learning from the Groups You Lead 22. The Future is Visible Now! 237Seeds of a Real Revolution in Meetings 23. Resources & Networks 247Grove Tools, Web Resources, Bibliography Index 255

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Book SynopsisThere are too many "theory -type" option books out there that just list all the available option trading strategies without giving any meat to their uses. Conversely, this book draws upon Lee Lowell's real world experience to lay the groundwork for what options really are, are how to use them most effectively.Table of ContentsPreface to the Second Edition ix Acknowledgments xiii Part One: The option basics 1 CHAPTER 1: It’s All about the Calls and Puts 3 CHAPTER 2: How Options are Priced 15 CHAPTER 3: Option Volatility 27 CHAPTER 4: Stocks versus Options 47 CHAPTER 5: Option Selling Is Your Key to Success 57 Part Two: The strategies 69 CHAPTER 6: Buy All the Stock You Want for Half the Price 71 CHAPTER 7: Getting Paid to Buy Your Favorite Stock 93 CHAPTER 8: Option Credit Spreads: The All-Star Strategy 121 CHAPTER 9: A Day in the Life of the Market Maker 173 CHAPTER 10: Put Your Stocks to Work—Sell Covered Calls 185 CHAPTER 11: A Bonus Strategy: Ratio Option Spreads 205 Part Three: Getting Ready to Trade 227 CHAPTER 12: Tools of the Trade 229 CHAPTER 13: Brokers and Commissions 235 Conclusion 243 Index 247

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Book SynopsisCrossing Frontiers is a story about the settlements industry in Europe, with an emphasis on cross border, influenced by the developments and business in the US and bound up with the Americanization of securities markets, all the while relating the impact on Europe.Trade Review"...will interest specialists, general readers and fans of detective fiction... grippingly relevant to current economic circumstances" (Financial Times, Monday 7th January 2008) "virtually the only book to cover this arcane subject comprehensively, it is an essential complement for any financial market’s library." (Financial World, February 2008) "...a comprehensive and exhaustively researched study.." (Speed, Vol. 2) “Norman has produced a history of EU clearing and settlement systems” (European Voice, Thursday 14th February 2008) “...deserves to become compulsory reading for regulators and policy makers everywhere." (Global Custodian, Spring 2008)Table of ContentsList of Tables and Figures ix Preface xi Part I New problems. New solutions 1 1 Settling Securities Across Borders 3 1.1 Turnover in the trillions 3 1.2 Process and players 9 2 The Eurobond Market and the New York Settlement Crisis 17 2.1 Autostrade shows the way 17 2.2 Foreign dollar bonds and their settlement 19 2.3 From Autostrade to the New York settlement crisis 20 2.4 The AIBD 23 2.5 Settlement services in Luxembourg 25 3 The ICSDs – Euroclear and Cedel 29 3.1 Closings in Brussels 29 3.2 The creation of Euroclear 31 3.3 Establishing Cedel in Luxembourg 35 3.4 Cedel’s success 37 3.5 The wider settlement picture 39 4 Euroclear Fights Back 43 4.1 The sale of Euroclear to its users 43 4.2 Difficult days 45 4.3 Commitment to investment 48 4.4 Euclid 51 4.5 Securities lending and borrowing 52 4.6 The Bridge 54 4.7 Prospering in difficult times 55 Part II Winds of Change 61 5 New Markets, New Tensions 63 5.1 Caviar and champagne 63 5.2 The 1980s – Deregulation and securitisation 66 5.3 Diversification at Euroclear 72 5.4 The Belgian cooperative 76 6 After the Crash 79 6.1 Strengthening cooperation and national systems 79 6.2 European considerations 82 6.3 American influences 84 6.4 Central bankers push for DvP 87 7 The Coming of the Euro 91 7.1 A world transformed 91 7.2 Beyond G30 92 7.3 The EMI and Lamfalussy 94 7.4 The growth of repo activity 97 7.5 The ECB and securities settlement 100 Part III An Industry in Ferment 105 8 The Rivals 107 8.1 Euroclear and the boom in domestic markets 107 8.2 Lussi and the revival of Cedel 116 9 Change at the Exchanges and CSDs 123 9.1 Investment and consolidation 123 9.2 Seifert in Frankfurt – a story of vertical integration 125 9.3 Th´eodore in Paris – innovation through IT 129 9.4 Taurus and CREST – a horizontal system by accident 133 9.5 The Swiss Value Chain 135 9.6 Different blueprints 136 10 Corporate Manoeuvrings 141 10.1 Pressure for change 141 10.2 A European clearing house? 143 10.3 A meeting of minds in Marrakech 144 10.4 Dark days for Euroclear 146 10.5 The fight back begins 147 10.6 The French defect 149 11 Euroclear Transformed 151 11.1 Euroclear separates from Morgan 151 11.2 The creation of Euronext 156 11.3 Euroclear acquires Sicovam 158 12 Seifert’s Silo 163 12.1 A flurry of initiatives 163 12.2 Lussi’s fortunes ebb 165 12.3 Lussi’s downfall 167 12.4 The banks change tack 170 12.5 Seifert secures Clearstream 171 13 Europe with Two Settlement Models 175 13.1 Euroclear acquires CREST 175 13.2 A sub-optimal outcome 179 13.3 Embedding the vertical and horizontal models 182 13.4 LCH and Clearnet merge 184 13.5 Fair & Clear 186 13.6 Changes in structures and governance 187 Part IV An Issue for Europe 191 14 The EU Reacts 193 14.1 The Lisbon Agenda 193 14.2 The Lamfalussy Committee of Wise Men 194 14.3 The Giovannini Reports 196 14.4 The cost of fragmentation 200 14.5 The Commission responds 201 14.6 The Andria Report 203 14.7 The ESCB/CESR standards 203 14.8 The G30 and EFR Reports 205 14.9 MiFID 206 14.10 The Commission’s second communication 207 14.11 The arrival of McCreevy 208 15 Setting Parameters 213 15.1 Algorithms and exchanges 213 15.2 Seifert and the law of unintended consequences 215 15.3 Exchange consolidation: an unpredictable catalyst 217 15.4 Competition authorities turn against silos 218 15.5 Competition and interoperability 220 15.6 For and against a single CCP 222 15.7 User discontent 224 15.8 Change at Euroclear 227 16 Work in Progress 233 16.1 Euroclear’s domestic market for Europe 233 16.2 Cesame and dismantling the Giovannini barriers 238 17 Frameworks for the Future 243 17.1 Two solutions at once 243 17.2 The code of conduct 244 17.3 Target2-Securities 250 17.4 T2S – the follow-up 254 17.5 Questions and more questions 259 18 Conclusions and Reflections 265 Appendices 271 A References and bibliography 271 B Key dates for the securities settlement industry in Europe 279 C Who’s who in the history of European securities settlement 291 D Glossary of technical terms 311 E Postscript 329 Index 333

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Book SynopsisSuitable for those who work with people in conflict, this title explores the theoretical underpinnings of conflict as it relates to cognitive, emotional, and behavioral dimensions. It includes personal stories and examples that provide practical skills in communication and negotiation, including how to deal with power and cross-cultural issues.Table of ContentsPreface to the Second Edition: A Reflective Approach to Conflict vii Part One: Conflict 1 1 The Nature of Conflict 3 2 How People Approach Conflict 33 3 Power and Conflict 67 4 Culture and Conflict 92 Part Two: Engagement and Intervention 121 5 Resolving Conflict 123 6 Engaging Conflict 146 7 Communication 182 8 Negotiation 211 9 Working with Impasse 245 10 Mediation 269 11 Other Approaches to Conflict Intervention 301 12 Why We Intervene in Conflict 333 References 345 About the Author 353 Index 355

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a huge range and FREE tracked UK delivery on ALL orders.

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Book SynopsisTells the story of the development of artificial light in the nineteenth century. This title reveals the ways that the technology of artificial illumination helped forge modern consciousness. It discusses a range of subject including the political symbolism of street lamps, the rise of night-life and the shop window, and more.

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Book Synopsis''A manifesto for twenty-first-century leadership packaged in a fun and engaging story. Buy this book and get it in the hands of everyone in your company'' Darren Hardy, publisher, Success magazineBen is a young manager who has been charged with persuading 500 employees to agree to a merger. Facing an impossible battle, he seeks the advice of an old friend, who introduces him to eccentric Aunt Elle.In the week leading up to the crucial employee vote, Aunt Elle teaches Ben about the power of influence and positive persuasion. Ben also meets with the company''s top executives, coming back with a new leadership lesson each time. Ben finally learns the critical principle so many people in power fail to grasp: it''s not about me, it''s about you.Written with a light touch and filled with practical advice, this book will resonate with all who aspire to influential leadership.Trade ReviewIt really isn't about you. It's about your team, your customers, your community, and your legacy. Share this book with those you care about -- Seth Godin, New York Times bestselling author of LinchpinA manifesto for twenty-first-century leadership packaged in a fun and engaging story. Buy this book and get it in the hands of everyone in your company -- Darren Hardy, publisher, Success magazineThis book captures the essence of life and leadership -- John C Maxwell, New York Times bestselling author of The 21 Irrefutable Laws of Leadership

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Book SynopsisDescribes the consulting approaches and methods applied to various types of management and business problems, organizations and environments.

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Book SynopsisThis book provides an historical analysis of the co-evolution of educational attainment and U.S. wage structure through the 20th century. During the first 80 years of the 20th century, the increase of educated workers was higher than demand for them. This boosted income for most and lowered inequality. The reverse has been true since about 1980.Trade ReviewOne of the most important books of the year. -- Nicholas D. Kristof * New York Times *Essential reading...Goldin and Katz give a broad historical view of the role of education in economic growth in the U.S. They make the case that, after a century of leading the world in supplying the educated workers needed to serve technology, the U.S. has fallen behind in education. -- Thomas F. Cooley * Forbes *Goldin and Katz's book is excellent. -- Jim Manzi * New Republic *This is the most important book on modern U.S. inequality to date. -- Tyler Cowen * marginalrevolution.com *If you want to understand the causes of the innovation deficit, I’d recommend adding one serious book to your summer reading list: The Race Between Education and Technology. -- David Leonhardt * New York Times *[Goldin and Katz] tackle the most important U.S. economic trend, and, hence, most critical domestic issue--growing income inequality...[America] now has the most unequal income and wage distributions of any high-income nation...Goldin and Katz's careful documentation of the changes in income distribution is an important public service. This alone would make their book essential reading. Yet they also offer a powerful explanation for what has driven changes in income inequality and point to solutions for addressing it...The good news is that if Goldin and Katz are right, the cure for income inequality is one most Americans would intuitively support: improving mass education. Mr Obama's spin-doctors should start translating Goldin and Katz's book into a campaign slogan at once. -- Chrystia Freeland * Financial Times *Masterful...As the book's title suggests, whether inequality increases or not is best thought of as an ongoing race between education and technology. Combining this simple but appealing idea with a deep knowledge of the histories of the U.S. labor market and educational institutions, Goldin and Katz conclude that whereas education was winning the race for most of the 20th century, technology caught up in the 1970s and has since prevailed. The authors' most insightful point is that the root cause of the recent growth in inequality is not faster technological progress during the past three decades but rather the surprising stagnation in the level of education of young Americans. -- Thomas Lemieux * Science *A staggering achievement of historical research and analysis and required reading for anyone who's tired of glib, ideologically-inspired, trendy prescriptions for how to fix America's education system. -- Sylvia Nasar, author of A Beautiful MindClaudia Goldin and Lawrence Katz have produced a definitive economic history of American education...[It's] tightly reasoned and easy to grasp by anyone who cares about the country's educational history. -- Peter H. Lindert * eh.net *This book represents the best of what economics has to offer, combining a broad theoretical perspective, careful consideration of data, detailed lessons from economic history, and a close look at the present. -- Alan Krueger, Princeton UniversityA masterful work by two leading economists on some of the biggest issues in economics: economic growth, human capital, and inequality. There are fundamental insights in the book, not just about our past but also our future. Rigorous but not overly technical, this beautifully written book will appeal to educated lay people and economists alike. -- Steven D. Levitt, University of Chicago, co-author of FreakonomicsThe Race Between Education and Technology will stand as the definitive treatment of changes in income distribution and their causes, as well as of possible countervailing policies towards rising inequality. This is empirical economic scholarship at its finest. -- Lawrence Summers, Harvard UniversityAn impressive combination of extensive historical research, careful empirical analysis, and thoughtful commentary on one of the most important questions of the day: to what extent does increasing inequality in incomes stem from our failure to increase educational attainment? -- William G. Bowen, President Emeritus, The Andrew W. Mellon FoundationThe Race Between Education and Technology is a most important study, both for what it teaches us about the past and also in presenting policies for the future if America is to regain its world leadership in education. -- Stanley Engerman, University of RochesterThe Race Between Education and Technology contains many tables, a few equations and a powerfully told story about how and why the United States became the world's richest nation--namely, thanks to its schools...Beginning in the 1970s, however, the education system failed to keep pace, resulting, Ms. Goldin and Mr. Katz contend, in a sharply unequal nation...It is nice to be reminded, in a data-rich book, that greater investments in human capital once put Americans collectively on top of the world. -- Stephen Kotkin * New York Times *Goldin's and Katz's thesis is that the 20th century was the American century in large part because this country led the world in education. The last 30 years, when educational gains slowed markedly, have been years of slower growth and rising inequality. -- David Leonhardt * New York Times Magazine *Claudia Goldin and Lawrence Katz establish a clear link between the number of high school and college graduates produced in any modern society and its economic growth. -- Thomas D. Elias * Appeal-Democrat *[Goldin and Katz] combine an acute sense of history with a skillful use of statistics. -- Andrew Hacker * New York Review of Books *During the 20th century both technology and education raced forward in the US, generating massive economic expansion and rising standards of living. Throughout the century, technological changes increased the relative demand for skilled labor, while the rapid expansion of first high schools and then higher education simultaneously increased the relative supply of skilled labor. Goldin and Katz carefully examine the historical and economic forces behind this expansion in education, extracting crucial evidence from the remarkable Iowa State Census of 1915, and they argue very plausibly that the relative demand for skilled labor grew at a fairly constant rate over the century. They conclude that "education ran faster" than technology "during the first half of the century," causing a considerable drop in economic inequality, but that "technology sprinted ahead of limping education in the last 30 years," leading to the recent upsurge in inequality. The rate of return on educational investments has become, once again, very high. Why have education levels increased so sluggishly in the face of these massive rewards? The answers are not entirely clear, nor are the optimal public policies, but the authors offer much food for thought. A must read. -- R. M. Whaples * Choice *The general brilliance of illumination makes this book a feast of provocation. -- Trevor Butterworth * Forbes.com *One of the most comprehensive analyses of the spread of the American educational system throughout the 20th century. -- Eduardo Porter * New York Times *Claudia Goldin and Lawrence F. Katz’s magnum opus…[An] impressive work…Enlightens us to rethink the social-economic and cultural environment of education, the close relationship between education and technology, and the fundamental aims of education. -- Shiyu Xu * Beijing International Review of Education *Table of Contents* Introduction Part I: Economic Growth and Distribution * The Human Capital Century * Inequality across the Twentieth Century * Skill-biased Technological Change Part II: Education for the Masses in Three Transformations * The Origins of the Virtues * Economic Foundations of the High School Movement * America's Graduation from High School * Mass Higher Education in the Twentieth Century Part III. The Race * The Race between Education and Technology * How America Once Led and Can Win the Race for Tomorrow * Appendix A * Appendix B * Appendix C * Appendix D * Notes * References * A Note on Sources * Acknowledgments * Index

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Book SynopsisThrough the compelling stories Dolly shares and the surprising science she reports, Dolly guides each of us closer to being the person we mean to be.Trade Review“Finally: an engaging, evidence-based book about how to battle biases, champion diversity and inclusion, and advocate for those who lack power and privilege. Dolly Chugh makes a convincing case that being an ally isn’t about being a good person—it’s about constantly striving to be a better person.” — Adam Grant, New York Times bestselling author of Give and Take, Originals, and Option B with Sheryl Sandberg “Dolly Chugh helps us identify our ‘platform of privilege’ and guides us on how we can use this and other tools to create positive change. She encourages us to accentuate our strengths and to manage our weaknesses, and forces us to focus on being better and stronger in everything we do.” — Billie Jean King, social justice pioneer and tennis champion “Dolly Chugh has written the most important and actionable book on reducing bias that I have read. Using powerful and enduring findings from research on bias, she explains the reasons we fail to be the person we mean to be and provides prescriptions for managing the pitfalls of our humanness. This deeply personal book is a must-read.” — David Thomas, president of Morehouse College and author of Leading for Equity and Breaking Through “Dolly Chugh applies the power of a growth mindset to work on equity and inclusion at a time when it is much-needed. The Person You Mean to Be is essential reading.” — Carol Dweck, bestselling author of Mindset: The New Psychology of Success “This is a book for anyone who thinks of themselves as a pretty decent human being but who knows, deep in their heart, they could be better. A cocktail of stories and science that gets you thinking and, more important, gets you acting.” — Angela Duckworth, founder and CEO of Character Lab, and author of Grit: The Power of Passion and Perseverance “In authoritative yet accessible prose, social psychologist Dolly Chugh outlines how we can all make the indispensable shift from being ‘believers’ who live under the ideal of inclusion to being ‘builders’ who live up to that ideal. This book is both guide and gift.” — Kenji Yoshino, author of Speak Now: Marriage Equality on Trial; Chief Justice Earl Warren Professor of Constitutional Law, NYU School of Law “Never has an author made it so easy to see our blind spots and the downsides of our best intentions. Dolly Chugh’s brilliant lens reveals the invisible, uncomfortable truths of ordinary privilege, yet offers a light that inspires and guides each of us to be the moral, inclusive leader we hope to be.” — Liz Wiseman, New York Times bestselling author of Multipliers and Rookie Smarts

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Book SynopsisAccording to Yeats, rhetoric is the expression of one’s quarrels with others, while poetry is the expression (and sometimes the resolution) of one’s quarrel with oneself. This is where Vendler begins in Our Secret Discipline. Through exquisite attention to outer and inner forms, Vendler explores the most inventive reaches of the poet's mind.Trade ReviewThis new monumental study of the technical (and, ultimately, emotional) accomplishment in Yeats's poems represents something close to a life's work: it will surely attract international attention...Vendler's careful book will likely advance the way experts see Yeats, but she also speaks to all the readers who care about the Irish Nobelist's body of poetry, which looks more complex, and more delightful, through Vendler's lens. * Publishers Weekly (starred review) *Helen Vendler has entirely consumed William Butler Yeats...As she leads us by the hand through some of the best-known poems in the English language, we discover how little we knew about them after all, and how hard the poet worked to make them sound...inevitable. Our Secret Discipline is so much an intellectual feast. -- John Leonard * Harper's *Vendler can be as charming a tour guide through Yeats as she is a learned one. And her frame of examining Yeats's external and internal lyric structures offers a new, insightful, and often revelatory map of Yeatsian terrain. -- Tess Taylor * Barnes and Noble Review *Is there any critic more thorough than Helen Vendler?... Her carefulness, her attention to minutiae, is a rare quality, particularly when set against the current mores of poetry criticism, which, for all its highly technical vocabulary, has been for many years an enterprise largely impressionistic...Any serious reader of English poetry should be delighted that, in Our Secret Discipline, she has turned her attention to the question of form in W.B. Yeats's poetry. -- Sam Munson * New York Sun *A book whose value may exceed anything [Vendler] has hitherto produced. It is the first exhaustive account of Yeats's lyric styles as they revealed themselves in 50 years of verse forms as "the necessary and skilled embodiment of the poet's moral urgency." Vendler is the ideal close reader and listener to undertake the very large task of coming to terms with Yeats's poetry...The great merit of Vendler's approach is that she never rests content with merely identifying and describing Yeats's formal choices but goes on to consider how such forms are employed in the service of moral and human content...She is intrepid and only occasionally over-ingenious...Readers who have assumed they were familiar, even intimate, with his body of lyric verse will read Vendler's pages and find their eyes have been opened, in Hart Crane's words, to "new thresholds, new anatomies." -- William H. Pritchard * Boston Globe *[A] superb study of Yeats's uses of lyric form...Vendler offers much astute description of the architecture of Yeats's poems, but also considers the way in which his forms reflected his cultural vision...It certainly helps enormously to have a critic as expert as Vendler describe in slow motion, frame by frame, so to speak, her understanding of the effects of each choice the poet makes. Her shrewd, tightly focused commentaries encourage us to take each poem slowly, on its own terms, and to pay attention in particular to tbe ways in which it either conforms to or confounds the expectations it fosters...Vendler's study of his uses of lyric form is an indispensable guide to anyone interested in the means whereby Yeats transfigured into "masterful images" the random contingencies of life. -- Mark Ford * New York Review of Books *[Vendler's] chapters on Yeats's "Byzantium" lyrics, his courtly ottava rima poems and his blank verse are all filled with sensitive, compelling insights that will be critical guideposts for years to come. -- Anthony Cuda * Washington Post Book World *

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Book SynopsisIn Don’t Be Such a Scientist, Randy Olson recounts the lessons from his own hilarious—and at times humiliating—evolution from science professor to Hollywood filmmaker, sharing the secrets of talking substance in an age of style. The key, he argued, is to stay true to the facts while tapping into something more primordial, more irrational—and ultimately more human. Now, in this second edition of his provocative and groundbreaking book, Olson builds upon the lessons and storytelling of Don’t Be Such a Scientist, providing an epilogue to each chapter for the current times, and adding a fresh introduction and new chapter on the importance of listening for science communicators (and beyond).Don’t Be Such a Scientist, Second Edition is a cutting and irreverent manual to speaking out and making your voice heard in an age of attacks on science.Invaluable for anyone looking to break out of the boxes of academia or research, Olson’s writing will inspire readers to “make science human”—and to enjoy the ride along the way.

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Book SynopsisGives graduate student's tools to analyze growth and related macroeconomic problems, and also perspective needed to apply those tools to the big-picture questions of growth and divergence. In this title, the author introduces economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous and easy to follow manner.Trade Review"It's hard not to be impressed by Acemoglu's mastery of the subject and for a handful of top graduate programs this is clearly the book for the next generation."--Tyler Cowen, Marginal Revolution "Beyond coursework, this is a book that should be compulsory reading for any PhD student in macroeconomics, even for those whose thesis does not specifically focus on growth. [S]elected materials from this book, and Part I in particular, could also be included in the reading list of an undergraduate course in advanced macroeconomics... This book will be an inseparable and precious companion ... for many years to come."--Fabrizio Carmignani, Economic RecordTable of ContentsPreface xv Part I: Introduction Chapter 1: Economic Growth and Economic Development: The Questions 3 1.1 Cross-Country Income Differences 3 1.2 Income and Welfare 7 1.3 Economic Growth and Income Differences 9 1.4 Origins of Today's Income Differences and World Economic Growth 11 1.5 Conditional Convergence 15 1.6 Correlates of Economic Growth 18 1.7 From Correlates to Fundamental Causes 19 1.8 The Agenda 21 1.9 References and Literature 23 Chapter 2: The Solow Growth Model 26 2.1 The Economic Environment of the Basic Solow Model 27 2.2 The Solow Model in Discrete Time 34 2.3 Transitional Dynamics in the Discrete-Time Solow Model 43 2.4 The Solow Model in Continuous Time 47 2.5 Transitional Dynamics in the Continuous-Time Solow Model 51 2.6 A First Look at Sustained Growth 55 2.7 Solow Model with Technological Progress 56 2.8 Comparative Dynamics 67 2.9 Taking Stock 68 2.10 References and Literature 69 2.11 Exercises 71 Chapter 3: The SolowModel and the Data 77 3.1 Growth Accounting 77 3.2 The Solow Model and Regression Analyses 80 3.3 The Solow Model with Human Capital 85 3.4 Solow Model and Cross-Country Income Differences: Regression Analyses 90 3.5 Calibrating Productivity Differences 96 3.6 Estimating Productivity Differences 100 3.7 Taking Stock 105 3.8 References and Literature 106 3.9 Exercises 107 Chapter 4: Fundamental Determinants of Differences in Economic Performance 109 4.1 Proximate versus Fundamental Causes 109 4.2 Economies of Scale, Population, Technology, and World Growth 112 4.3 The Four Fundamental Causes 114 4.4 The Effect of Institutions on Economic Growth 123 4.5 What Types of Institutions? 136 4.6 Disease and Development 137 4.7 Political Economy of Institutions: First Thoughts 140 4.8 Taking Stock 140 4.9 References and Literature 141 4.10 Exercises 143 Part II: Toward Neoclassical Growth Chapter 5: Foundations of Neoclassical Growth 147 5.1 Preliminaries 147 5.2 The Representative Household 149 5.3 Infinite Planning Horizon 156 5.4 The Representative Firm 158 5.5 Problem Formulation 160 5.6 Welfare Theorems 161 5.7 Proof of the Second Welfare Theorem (Theorem 5.7) * 168 5.8 Sequential Trading 171 5.9 Optimal Growth 174 5.10 Taking Stock 176 5.11 References and Literature 176 5.12 Exercises 178 Chapter 6: Infinite-Horizon Optimization and Dynamic Programming 182 6.1 Discrete-Time Infinite-Horizon Optimization 182 6.2 Stationary Dynamic Programming 185 6.3 Stationary Dynamic Programming Theorems 187 6.4 The Contraction Mapping Theorem and Applications * 190 6.5 Proofs of the Main Dynamic Programming Theorems * 194 6.6 Applications of Stationary Dynamic Programming 201 6.7 Nonstationary Infinite-Horizon Optimization 211 6.8 Optimal Growth in Discrete Time 215 6.9 Competitive Equilibrium Growth 219 6.10 Computation 221 6.11 Taking Stock 221 6.12 References and Literature 222 6.13 Exercises 223 Chapter 7: An Introduction to the Theory of Optimal Control 227 7.1 Variational Arguments 228 7.2 The Maximum Principle: A First Look 235 7.3 Infinite-Horizon Optimal Control 240 7.4 More on Transversality Conditions 250 7.5 Discounted Infinite-Horizon Optimal Control 253 7.6 Existence of Solutions, Concavity, and Differentiability * 259 7.7 A First Look at Optimal Growth in Continuous Time 268 7.8 The q-Theory of Investment and Saddle-Path Stability 269 7.9 Taking Stock 274 7.10 References and Literature 275 7.11 Exercises 278 Part III: Neoclassical Growth Chapter 8: The Neoclassical Growth Model 287 8.1 Preferences, Technology, and Demographics 287 8.2 Characterization of Equilibrium 293 8.3 Optimal Growth 298 8.4 Steady-State Equilibrium 300 8.5 Transitional Dynamics and Uniqueness of Equilibrium 302 8.6 Neoclassical Growth in Discrete Time 305 8.7 Technological Change and the Canonical Neoclassical Model 306 8.8 The Role of Policy 312 8.9 Comparative Dynamics 313 8.10 A Quantitative Evaluation 315 8.11 Extensions 317 8.12 Taking Stock 317 8.13 References and Literature 318 8.14 Exercises 319 Chapter 9: Growth with Overlapping Generations 327 9.1 Problems of Infinity 328 9.2 The Baseline Overlapping Generations Model 329 9.3 The Canonical Overlapping Generations Model 335 9.4 Overaccumulation and Pareto Optimality of Competitive Equilibrium in the Overlapping Generations Model 336 9.5 Role of Social Security in Capital Accumulation 339 9.6 Overlapping Generations with Impure Altruism 342 9.7 Overlapping Generations with Perpetual Youth 345 9.8 Overlapping Generations in Continuous Time 348 9.9 Taking Stock 353 9.10 References and Literature 354 9.11 Exercises 355 Chapter 10: Human Capital and Economic Growth 359 10.1 A Simple Separation Theorem 359 10.2 Schooling Investments and Returns to Education 361 10.3 The Ben-Porath Model 363 10.4 Neoclassical Growth with Physical and Human Capital 367 10.5 Capital-Skill Complementarity in an Overlapping Generations Model 371 10.6 Physical and Human Capital with Imperfect Labor Markets 374 10.7 Human Capital Externalities 379 10.8 The Nelson-Phelps Model of Human Capital 380 10.9 Taking Stock 382 10.10 References and Literature 384 10.11 Exercises 384 Chapter 11: First-Generation Models of Endogenous Growth 387 11.1 The AK Model Revisited 388 11.2 The AK Model with Physical and Human Capital 393 11.3 The Two-Sector AK Model 395 11.4 Growth with Externalities 398 11.5 Taking Stock 402 11.6 References and Literature 404 11.7 Exercises 404 Part IV: Endogenous Technological Change Chapter 12: Modeling Technological Change 411 12.1 Different Conceptions of Technology 411 12.2 Science and Profits 414 12.3 The Value of Innovation in Partial Equilibrium 416 12.4 The Dixit-Stiglitz Model and Aggregate Demand Externalities 422 12.5 Individual R&D Uncertainty and the Stock Market 428 12.6 Taking Stock 429 12.7 References and Literature 430 12.8 Exercises 431 Chapter 13: Expanding VarietyModels 433 13.1 The Lab-Equipment Model of Growth with Input Varieties 433 13.2 Growth with Knowledge Spillovers 444 13.3 Growth without Scale Effects 446 13.4 Growth with Expanding Product Varieties 448 13.5 Taking Stock 452 13.6 References and Literature 453 13.7 Exercises 453 Chapter 14: Models of Schumpeterian Growth 458 14.1 A Baseline Model of Schumpeterian Growth 459 14.2 A One-Sector Schumpeterian Growth Model 468 14.3 Innovation by Incumbents and Entrants 472 14.4 Step-by-Step Innovations * 479 14.5 Taking Stock 489 14.6 References and Literature 490 14.7 Exercises 491 Chapter 15: Directed Technological Change 497 15.1 Importance of Biased Technological Change 498 15.2 Basics and Definitions 500 15.3 Baseline Model of Directed Technological Change 503 15.4 Directed Technological Change with Knowledge Spillovers 514 15.5 Directed Technological Change without Scale Effects 518 15.6 Endogenous Labor-Augmenting Technological Change 519 15.7 Generalizations and Other Applications 522 15.8 An Alternative Approach to Labor-Augmenting Technological Change* 523 15.9 Taking Stock 526 15.10 References and Literature 527 15.11 Exercises 529 Part V: Stochastic Growth Chapter 16: Stochastic Dynamic Programming 537 16.1 Dynamic Programming with Expectations 537 16.2 Proofs of the Stochastic Dynamic Programming Theorems * 544 16.3 Stochastic Euler Equations 549 16.4 Generalization to Markov Processes * 552 16.5 Applications of Stochastic Dynamic Programming 554 16.6 Taking Stock 561 16.7 References and Literature 561 16.8 Exercises 562 Chapter 17: Stochastic Growth Models 566 17.1 The Brock-Mirman Model 567 17.2 Equilibrium Growth under Uncertainty 571 17.3 Application: Real Business Cycle Models 579 17.4 Growth with Incomplete Markets: The Bewley Model 583 17.5 The Overlapping Generations Model with Uncertainty 586 17.6 Risk, Diversification, and Growth 588 17.7 Taking Stock 603 17.8 References and Literature 604 17.9 Exercises 605 Part VI: Technology Diffusion, Trade, and Interdependences Chapter 18: Diffusion of Technology 611 18.1 Productivity Differences and Technology 611 18.2 A Benchmark Model of Technology Diffusion 613 18.3 Technology Diffusion and Endogenous Growth 619 18.4 Appropriate and Inappropriate Technologies and Productivity Differences 623 18.5 Contracting Institutions and Technology Adoption 630 18.6 Taking Stock 642 18.7 References and Literature 643 18.8 Exercises 644 Chapter 19: Trade and Growth 648 19.1 Growth and Financial Capital Flows 648 19.2 Why Does Capital Not Flow from Rich to Poor Countries? 653 19.3 Economic Growth in a Heckscher-Ohlin World 655 19.4 Trade, Specialization, and the World Income Distribution 663 19.5 Trade, Technology Diffusion, and the Product Cycle 674 19.6 Trade and Endogenous Technological Change 678 19.7 Learning-by-Doing, Trade, and Growth 680 19.8 Taking Stock 684 19.9 References and Literature 685 19.10 Exercises 687 Part VII: Economic Development and Economic Growth Chapter 20: Structural Change and Economic Growth 697 20.1 Nonbalanced Growth: The Demand Side 697 20.2 Nonbalanced Growth: The Supply Side 703 20.3 Agricultural Productivity and Industrialization 715 20.4 Taking Stock 719 20.5 References and Literature 720 20.6 Exercises 721 Chapter 21: Structural Transformations and Market Failures in Development 725 21.1 Financial Development 726 21.2 Fertility, Mortality, and the Demographic Transition 729 21.3 Migration, Urbanization, and the Dual Economy 736 21.4 Distance to the Frontier and Changes in the Organization of Production 744 21.5 Multiple Equilibria from Aggregate Demand Externalities and the Big Push 752 21.6 Inequality, Credit Market Imperfections, and Human Capital 758 21.7 Toward a Unified Theory of Development and Growth? 764 21.8 Taking Stock 768 21.9 References and Literature 769 21.10 Exercises 771 Part VIII: The Political Economy of Growth Chapter 22: Institutions, Political Economy, and Growth 781 22.1 The Impact of Institutions on Long-Run Development 781 22.2 Distributional Conflict and Economic Growth in a Simple Society 784 22.3 The Canonical Cobb-Douglas Model of Distributional Conflict 792 22.4 Distributional Conflict and Competition 793 22.5 Subgame Perfect versus Markov Perfect Equilibria 799 22.6 Inefficient Economic Institutions: A First Pass 802 22.7 Heterogeneous Preferences, Social Choice, and the Median Voter * 805 22.8 Distributional Conflict and Economic Growth: Heterogeneity and the Median Voter 814 22.9 The Provision of Public Goods: Weak versus Strong States 817 22.10 Taking Stock 822 22.11 References and Literature 823 22.12 Exercises 825 Chapter 23: Political Institutions and Economic Growth 831 23.1 Political Regimes and Economic Growth 832 23.2 Political Institutions and Growth-Enhancing Policies 834 23.3 Dynamic Trade-offs 837 23.4 Understanding Endogenous Political Change 850 23.5 Taking Stock 856 23.6 References and Literature 857 23.7 Exercises 858 Epilogue: Mechanics and Causes of Economic Growth 861 What Have We Learned? 861 A Possible Perspective on Growth and Stagnation over the Past 200 Years 864 Many Remaining Questions 872 Part IX: Mathematical Appendixes Appendix A: Odds and Ends in Real Analysis and Applications to Optimization 877 A.1 Distances and Metric Spaces 878 A.2 Mappings, Functions, Sequences, Nets, and Continuity 880 A.3 A Minimal Amount of Topology: Continuity and Compactness * 885 A.4 The Product Topology * 889 A.5 Absolute Continuity and Equicontinuity * 891 A.6 Correspondences and Berge's Maximum Theorem 894 A.7 Convexity, Concavity, Quasi-Concavity, and Fixed Points 898 A.8 Differentiation, Taylor Series, and the Mean Value Theorem 900 A.9 Functions of Several Variables and the Inverse and Implicit Function Theorems 904 A.10 Separation Theorems * 907 A.11 Constrained Optimization 910 A.12 Exercises 915 Appendix B: Review of Ordinary Differential Equations 917 B.1 Eigenvalues and Eigenvectors 917 B.2 Some Basic Results on Integrals 918 B.3 Linear Differential Equations 920 B.4 Solutions to Linear First-Order Differential Equations 921 B.5 Systems of Linear Differential Equations 924 B.6 Local Analysis and Stability of Nonlinear Differential Equations 926 B.7 Separable and Exact Differential Equations 927 B.8 Existence and Uniqueness of Solutions 929 B.9 Continuity and Differentiability of Solutions 930 B.10 Difference Equations 930 B.11 Exercises 932 Appendix C: Brief Review of Dynamic Games 934 C.1 Basic Definitions 934 C.2 Some Basic Results 937 C.3 Application: Repeated Games with Perfect Observability 941 C.4 Exercises 942 Appendix D: List of Theorems 944 Chapter 2 944 Chapter 5 944 Chapter 6 944 Chapter 7 945 Chapter 10 945 Chapter 16 945 Chapter 22 946 Appendix A 946 Appendix B 947 Appendix C 947 References 949 Name Index 971 Subject Index 977

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Book SynopsisArgues, the financial crisis, a dysfunctional international monetary system, and US policies have paradoxically strengthened the dollar's importance. This book examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future.Trade ReviewWinner of the 2015 Gold Medal in Economics, Axiom Business Book Awards Honorable Mention for the 2015 PROSE Award in Business, Finance & Management, Association of American Publishers One of Financial Times (FT.com) Best Economics Books of 2014, chosen by Martin Wolf One of China Business News' Financial Books of the Year for 2014 "Thoughtful."--Jeff Sommer, New York Times "[A] surprising argument... [L]ucid."--David Wessel, Wall Street Journal "Richly detailed study of global finances, examining how and why the dollar became the favored currency of international trade."--Kirkus "To understand how the world of international finance works, what the agendas are and what is at stake, this work is indispensable."--Henny Sender, Financial Times "In his authoritative new book on the dollar, Eswar Prasad ... argues that China and other foreign countries that own around half the outstanding US federal government debt are trapped in a risky game where the US may be tempted to renege on its debt obligations by printing more dollars."--John Plender, Financial Times "A lively and compelling analysis on currency wars in the wake of the financial crisis--and the likely persistence of the U.S. dollar as the world's pre-eminent currency."--Harold James, Central Banking Journal "Highly recommended especially for those interested in understanding the paradigm shifts that happened in the international monetary regime in the 1970s and 1980s."--Mehmet Kerem Caban, Asian Journal of Public AffairsTable of ContentsList of Figures and Tables ix Preface xi PART ONE Setting the Stage 1. Prologue 3 2. What Is So Special about the Dollar? 11 PART TWO Building Blocks 3. The Paradox of Uphill Capital Flows 31 4. Emerging Markets Get Religion 47 5. The Quest for Safety 63 6. A Trillion Dollar Con Game? 89 PART THREE Inadequate Institutions 7. Currency Wars 125 8. Seeking a Truce on Currency Wars 158 9. It Takes Twenty to Tango 171 10. The Siren Song of Capital Controls 188 11. Safety Nets with Gaping Holes 201 PART FOUR Currency Competition 12. Is the Renminbi Ready for Prime Time? 229 13. Other Contenders Nipping at the Dollar's Heels 262 14. Could the Dollar Hit a Tipping Point and Sink? 283 15. Ultimate Paradox: Fragility Breeds Stability 299 Appendix 309 Notes 317 References 375 Acknowledgments 393 Index 395

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Book SynopsisWhatever kind of creative person you are, this thought experiment game will get you out of your comfort zone. How? It stimulates creativity through limitation. Boundaries push you to think beyond the usual solutions and send you in different directions. That’s exactly how you end up with unexpected and extraordinary ideas. How to play You take 3 “Do” cards that define a unique imaginary project. You need to come up with a solution for this project. But you also get 3 “Don’t” cards, which give you a set of rules. For Example Do: Create clothing that is also a landmark For two persons To become more productive Don’t: Don’t use straight shapes Don’t make the size static Don’t use non-recyclable material The “Do” and “Don’t” cards make you think differently than you normally would. In the beginning, the rules might feel like a big obstacle. But once you start playing, you will see that limitations also give you possibilities. Rules make you think about loopholes. Play the game by yourself to get inspired, use it as a conversation starter or play it in teams to find out who comes up with the most surprising solution. The outcome could even be the beginning of a real project!

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Book SynopsisA comprehensive study of cooperation among the advanced capitalist countries. It analyzes the institutions, or 'international regimes', through which cooperation has taken place in the world political economy and describes the evolution of these regimes as American hegemony has eroded.Trade ReviewWinner of the 1989 Grawemeyer Award for Ideas Improving World Order One of Choice's Outstanding Academic Titles for 1984 "Can cooperation increase if there is no hegemony? Yes, says Professor Keohane in this outstanding book... The author's painstaking consideration of difficulties and objections should show how often narrow assumptions and obscurantist jargon have led to loose thinking and worse policy conclusions."--Foreign Affairs "[T]he 'state-of-the-art' publication on the influential, and somewhat controversial, idea of 'regime' in the study of international political economy. The concept is provided with its most thoroughgoing, cogent and stimulating defence."--R. J. Barry Jones, Political Studies "This is vital and powerful stuff. It makes a major contribution towards breaking the destructive polarization between realism and idealism which for far too long has obscured intellectual middle ground of real importance to policy-making."--Barry Buzan, International Affairs "This book takes a major step toward bringing economic reasoning and understanding of politics to bear on questions of international political economy."--James E. Alt, Journal of Economic Literature From review of Princeton's original edition: "The 'state of the art' publication on the influential, and somewhat controversial, idea of 'regime' in the study of international political economy."--Political Studies

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Book SynopsisNetworks of relationships help determine the careers that people choose, the jobs they obtain, the products they buy, and how they vote. This book offers a comprehensive introduction to social and economic networks, drawing on the findings in economics, sociology, computer science, physics, and mathematics.Trade ReviewHonorable Mention for the 2008 PROSE Award in Economics, Association of American Publishers "Jackson's review of diffusion models is excellent, as tight an overview of these models as I have seen anywhere... Social and Economic Networks is a must-read for all those steeped in the traditional social network analysis paradigm. Economists will find Jackson offers them a superb and accessible introduction to network questions and models. And for others from any social science background curious about social networks, I recommend a careful read of the book."--David Krackhardt, Science "This book deserves the highest recommendations for all readers interested in networks and interdependence. It is written clearly, and could be used both as a starting textbook for a journey to the world of networks and also as an expert guide for scientists studying social and economic networks."--Karoly Takacs, Journal of Artificial Societies and Social Simulation "I strongly recommend this book to any scholar or student interested in networks, not only in economics but in any connected field such as sociology, physics, and applied mathematics. Matthew Jackson's guided tour of the literature on economic and social networks is superb."--Joan de Marti Beltran, Regional Science and Urban Economics "[T]his is a valuable book that raises crucial questions for today's sociologist interested in social networks."--Paola Tubaro, SociologyTable of ContentsPreface xi PART I: BACKGROUND AND FUNDAMENTALS OF NETWORK ANALYSIS Chapter 1 Introduction 3 1.1 Why Model Networks? 3 1.2 A Set of Examples 4 1.3 Exercises 17 Chapter 2: Representing and Measuring Networks 20 2.1 Representing Networks 20 2.2 Some Summary Statistics and Characteristics of Networks 30 2.3 Appendix: Basic Graph Theory 43 2.4 Appendix: Eigenvectors and Eigenvalues 49 2.5 Exercises 51 Chapter 3: Empirical Background on Social and Economic Networks 54 3.1 The Prevalence of Social Networks 55 3.2 Observations on the Structure of Networks 56 PART II: MODELS OF NETWORK FORMATION Chapter 4: Random-Graph Models of Networks 77 4.1 Static Random-Graph Models of Random Networks 78 4.2 Properties of Random Networks 86 4.3 An Application: Contagion and Diffusion 105 4.4 Distribution of Component Sizes 107 4.5 Appendix: Useful Facts, Tools, and Theorems 110 4.6 Exercises 121 Chapter 5: Growing Random Networks 124 5.1 Uniform Randomness: An Exponential Degree Distribution 125 5.2 Preferential Attachment 130 5.3 Hybrid Models 134 5.4 Small Worlds, Clustering, and Assortativity 141 5.5 Exercises 150 Chapter 6: Strategic Network Formation 153 6.1 Pairwise Stability 154 6.2 Efficient Networks 157 6.3 Distance-Based Utility 159 6.4 A Coauthor Model and Negative Externalities 166 6.5 Small Worlds in an Islands-Connections Model 170 6.6 A General Tension between Stability and Efficiency 173 6.7 Exercises 179 PART III: IMPLICATIONS OF NETWORK STRUCTURE Chapter 7: Diffusion through Networks 185 7.1 Background: The Bass Model 187 7.2 Spread of Information and Disease 189 7.3 Search and Navigation on Networks 209 7.4 Exercises 221 Chapter 8: Learning and Networks 223 8.1 Early Theory and Opinion Leaders 224 8.2 Bayesian and Observational Learning 225 8.3 Imitation and Social Influence Models: The DeGroot Model 228 8.4 Exercises 253 Chapter 9: Decisions, Behavior, and Games on Networks 257 9.1 Decisions and Social Interaction 258 9.2 Graphical Games 269 9.3 Semi-Anonymous Graphical Games 273 9.4 Randomly Chosen Neighbors and Network Games 279 9.5 Richer Action Spaces 286 9.6 Dynamic Behavior and Contagion 293 9.7 Multiple Equilibria and Diffusion in Network Games 297 9.8 Computing Equilibria 304 9.9 Appendix: A Primer on Noncooperative Game Theory 308 9.10 Exercises 319 Chapter 10: Networked Markets 327 10.1 Social Embeddedness of Markets and Exchange 328 10.2 Networks in Labor Markets 334 10.3 Models of Networked Markets 353 10.4 Concluding Remarks 365 10.5 Exercises 366 PART IV: METHODS, TOOLS, AND EMPIRICAL ANALYSES Chapter 11: Game-Theoretic Modeling of Network Formation 371 11.1 Defining Stability and Equilibrium 372 11.2 The Existence of Stable Networks 377 11.3 Directed Networks 383 11.4 Stochastic Strategic Models of Network Formation 388 11.5 Farsighted Network Formation 395 11.6 Transfers and Network Formation 399 11.7 Weighted Network Formation 402 11.8 Agent-Based Modeling 406 11.9 Exercises 407 Chapter 12: Allocation Rules, Networks, and Cooperative Games 411 12.1 Cooperative Game Theory 412 12.2 Communication Games 416 12.3 Networks and Allocation Rules 419 12.4 Allocation Rules When Networks Are Formed 425 12.5 Concluding Remarks 430 12.6 Exercises 430 Chapter 13: Observing and Measuring Social Interaction 434 13.1 Specification and Identification 435 13.2 Community Structures, Block Models, and Latent Spaces 443 13.3 Exercises 457 Afterword 459 Bibliography 461 Index 491

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Book SynopsisExamines the ways in which the American model is being imposed on the world, and outlines its economic and political consequences.Trade Review"Amin is both a real-world social scientist and a revolutionary socialist." Review of Radical Political EconomyTable of ContentsIntroduction 1. The Liberal Vision of Society 2. The Ideological and Para-Theoretical Foundations of Liberalism 3. The Consequences: Really-Existing Globalized Liberalism 4. The Origins of Liberalism 5. The Challenge of Liberalism Today Works Cited in the Text Index

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Book SynopsisSHORTLISTED FOR THE CMI MANAGEMENT BOOK OF THE YEAR INNOVATION AND ENTREPRENEURSHIP AWARDNetflix, Spotify, and Salesforce are just the tip of the iceberg for the subscription model. The real transformation--and the real opportunity--is just beginning---Today''s consumers prefer the advantages of access over the hassles of ownership. It''s not just internet services like Netflix and Spotify; even industrial firms like GE and Caterpillar are reinventing themselves as solutions providers. Whether you sell software, clothes, insurance, or industrial machines, you need to master the transition to the subscription model.Adapting to the subscription economy takes more than just deciding to sell subscriptions instead of products. You''ll have to reinvent your company from the inside out -- from your accounting to your entire IT architecture. No matter how large or small your company, Subscribed gives you a practical, step-by-step framework to reTrade ReviewThis book is ostensibly about subscription models, but it's ultimately about the future of business. In Subscribed, you'll learn from the masters of this business model and fundamentally change the way you think about your product, customers, growth, and talent -- no matter what industry you're in -- Aaron Levie * CEO and Founder of Box *Tien Tzuo, who I was lucky enough to hire as my eleventh employee at Salesforce, has written the definitive playbook for anyone navigating the most important business model shift of our time. The subscription model is exploding everywhere, and nobody knows how to steer through this shift better than Tien -- Marc Benioff * Chairman & CEO of Salesforce *Tien Tzuo is the godfather of the subscription economy and now he shares his unparalleled wisdom in this book. A must read for anyone who wants to have a breakout company. -- Maynard Webb * Author of Rebooting Work *Tzuo dissects the building blocks of what may be the greatest shift in business in the last twenty years; the move to a recurring revenue/subscription based model. For any business looking to break the chains of episodic, transactional commerce, Tien's book is a must-read -- Scott Galloway * Professor of Marketing, NYU Stern, author of The Four *Subscribed shows you how to keep customers coming back for more. The implications for product design are enormous -- Nir Eyal * author of Hooked: How to Build Habit-Forming Products *All in all, Tien's book is spot-on. It has just the right blend of background information about the Subscription Economy and best practices -- Tom Taulli * Forbes *

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Book SynopsisFrom the New York Times bestselling author of $100 Startup comes this accessible guide to building a side business from scratch – without having to give up your day job.Side Hustle is about much more than just making some extra cash; it’s about freedom and job security in today’s unstable business environment. That’s because when you receive income from multiple different sources, you are no longer dependent on the whims of a single employer. It affords you choices and options.In the style of $100 Startup, full of practical exercises and peppered with inspiring stories, Chris Guillebeau's Side Hustle shows readers how to brainstorm, choose, implement, launch and refine their side business in just 27 days – with little to no budget and without having to quit their current job.Trade ReviewChris Guillebeau is back with another book that will teach you not just how to earn more, but ultimately how to live better ... You can establish your own side hustle in just 5 weeks — with a minimal amount of money and with skills you already have. Which raises a question: What’s stopping you? -- Daniel H. Pink, bestselling author of Drive and To Sell is Human Straightforward, and packs in lots of tips . . . An ideal guide * Financial Times *The essential guide for anyone who wants to create more freedom, opportunity, and security ... Packed with practical tips and strategies — illustrated by compelling stories of real-life hustles — that will inspire readers to start their side hustles now -- Gretchen Rubin, New York Times bestselling author of The Happiness ProjectThere's a great temptation to assume that side hustles are just for "special people," like artists, dreamers, and 17-year-old computer geniuses. But Guillebeau deftly proves everyone can (and should) have a side hustle -- Jon Acuff, New York Times bestselling author of Do OverHobbies cost you money, legit side businesses make money. If you want to get on the road to financial freedom and enjoy more passion and choice in your life, Side Hustle can help you take the first critical steps -- Jessica Herrin, CEO and Founder, Stella and DotA Side Hustle isn’t about making a few extra bucks selling lemonade to your neighbors. Chris Guillebeau has created a step-by-step methodology for imagining, building, and launching side projects that can earn real, serious cash. In my years investing on Shark Tank, I’ve seen firsthand how side hustles can take off and grow into some major profits. Whether you want to supplement your pay check, or jumpstart a full-fledged business, Guillebeau will show you how to get your hustle going in just 27 days flat. -- Daymond John, star of ABC’s Emmy Award winning business show Shark Tank

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Book SynopsisWALL STREET JOURNAL BESTSELLERThe secret to business success? Get REAL and be HUMAN!As human beings, we are built to connect and form relationships. So, it should be no surprise that relationships must also translate into the workplace, where we spend most of our time! Companies that recognize this will retain the most productive, creative, and loyal employees, and invariably seize the competitive edge. The most successful leaders are those who actively form quality relationships with their employees, who honor fundamental human qualitiesâauthenticity, openness, and basic politenessâand apply them day in and day out. Paying attention and genuinely caring about the effects people have on one another other is key to developing a winning culture where people perform at the top of their game and want to work.As a workplace strategist and business coach, Erica Keswin has spent over 20 years working with top business Table of ContentsIntroduction: Getting Started on This Human BusinessChapter One: Be Real: Speak in a Human VoiceChapter Two: Play the Long Game: True Sustainability Is a State of MindChapter Three: The Sweet Spot: Finding That Special Something Between Tech and ConnectChapter Four: Mind Your Meetings: Honoring Relationships with Purpose, Presence, and ProtocolsChapter Five: Well-Being at Work: Finding the Human Side of WellnessChapter Six: Give Back: You've Got Nothing to Lose, Only Inspired Employees to GainChapter Seven: Disconnect to Reconnect: Where There's a Will, There's a WayChapter Eight: Space Matters: Curating Connection Starts with the Water CoolerChapter Nine: Take Professional Development Personally: Empower Employees to Be Their Best SelvesChapter Ten: Say Thank You: It's a Human Thing to DoAcknowledgmentsNotesIndex

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Book Synopsis “People who thought the 2008 financial collapse was over a long time ago need to meet the people Jessica Bruder got to know in this scorching, beautifully written, vivid, disturbing (and occasionally wryly funny) book.” — Rebecca Solnit Trade Review"Stirring reportage." -- O Magazine"A remarkable book of immersive reporting... Bruder is an acute and compassionate observer." -- Margaret Talbot - The New Yorker" Bruder is a poised and graceful writer." -- Parul Sehgal - The New York Times"[A] devastating, revelatory book." -- Timothy R. Smith - The Washington Post"Stunning and beautifully written... brilliant and haunting…" -- Arlie Russell Hochschild - The New York Times Book Review"A first-rate piece of immersive journalism." -- San Francisco Chronicle"At once wonderfully humane and deeply troubling, the book offers an eye-opening tour of the increasingly unequal, unstable, and insecure future our country is racing toward." -- Astra Taylor - The Nation"This [Nomadland] is not some lookie-loo movie, condescendingly imagining the poor: Zhao and McDormand did the legwork—as did journalist Jessica Bruder, whose book inspired the film—entering communities and engaging with them in order to better tell their stories." -- Vanity Fair"I thought the book [“Nomadland: Surviving America in the Twenty-First Century,” by Jessica Bruder] was a very important document." -- David Strathairn - Los Angeles Times"Bruder’s lively, thoroughly reported book of the same name..." -- AO Scott - The New York Times"Ms. Zhao based her screenplay on Jessica Bruder’s 2018 book of the same name, an exceptional piece of nonfiction that emphasized social and economic upheaval in the wake of the Great Recession... Ms. Bruder’s book staked out the territory and brought its shifting population to life with calm, empathetic reporting." -- The Wall Street Journal

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Book SynopsisFrom the New York Times bestselling author of The No Asshole Rule''I am frequently asked, Tom, my brother/sister/friend is taking on a new leadership role. What should they read? I always respond the same way, by recommending one and only one book: Bob Sutton''s Good Boss, Bad Boss'' - Tom Peters, New York Times bestselling author of In Search of Excellence.Good Boss, Bad Boss was inspired by the thousands of emails, calls and conversations that Robert Sutton received after publishing his bestseller The No Asshole Rule - he found that most of the stories and cries for help he received revolved around one central figure in every workplace: THE BOSS.Sutton''s subsequent research showed that the success of every boss depended heavily on how well (or badly) they managed those they worked with and in Good Boss, Bad Boss he demonstrates this by weaving together the best psychological and management secrets witTrade ReviewI am frequently asked, 'Tom, my brother/sister/friend is taking on a new leadership role. What should he read?' I always respond the same way: by recommending one and only one book: Bob Sutton's Good Boss, Bad Boss

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Book SynopsisMost investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value.Trade ReviewAs I read the new edition of the book, it is clear that Al and Michael are writing a book for the times that we are in, with much more attention paid to disruption, and the value it creates and destroys, and user/subscriber platforms, which can be exploited for gain and thus provide optionality. -- from the foreword by Aswath DamodaranIn Expectations Investing, Michael Mauboussin and Al Rappaport break down investing into its component parts, explaining what makes for good companies and attractively priced stocks. Which isn’t to say they make it easy. This is second-level thinking: a graduate-level course in intelligent investing. -- Howard Marks, cofounder and cochairman, Oaktree Capital Management, and author of The Most Important Thing Illuminated and Mastering the Market CycleMauboussin and Rappaport’s approach to corporate valuation is as relevant and intelligent today as ever. Understanding expectations, assessing competitive strategy, appreciating optionality, and a laser focus on cash flow will make you a more effective investor in private or public markets. -- Bill Gurley, General Partner, Benchmark CapitalIn Expectations Investing, Michael Mauboussin and Al Rappaport build off the simple yet powerful observation that a company’s stock price embeds expectations. They then offer investors a rigorous method to identify gaps between what the price reflects and what is likely to happen. Truly a must have in any investor’s library. -- Annie Duke, author of Thinking in Bets and How to DecideOne of the few investing books that gave me an 'ah-ha' moment and changed how I think about investing. -- Morgan Housel, Partner, The Collaborative Fund, and author of The Psychology of Money: Timeless Lessons on Wealth, Greed, and HappinessExpectations Investing was one of the first books that sparked my interest in investing. The core idea is as powerful as any, and the authors explain it in a way that makes it unforgettable. This excellent update to the original classic is must reading for all investors. -- Patrick O'Shaughnessy, CFA, CEO, O'Shaughnessy Asset Management, and author of Millennial Money: How Young Investors can Build a FortuneIn this book Mauboussin and Rappaport teach readers how to achieve an investing edge by inverting a conventional investing process. The market’s expectations as implied by the current stock price are assessed before an analysis about how that price might change in the future. This method is straight up Charlie Munger-style inversion. Since margin of safety can be restated as a discount to expected value, understanding this process is invaluable. -- Tren Griffin, author of Charlie Munger: The Complete Investor and A Dozen Lessons for EntrepreneursThis book is a special one. It’s a classic that … has been revised for modern time[s]. If you have been in the investmentverse, Michael Mauboussin and Alfred Rappaport don’t need an introduction. They are both pillars in investment research. Mr. Mauboussin is known for his top-notch research and knowledge. Al Rappaport is professor emeritus at Kellogg School of Management and one of the most respected experts on markets. Most financial textbooks share three things in common: massive, boring and expensive. Not this one. Expectations Investing is 272 pages of wisdom. * Brian Langis blog *A revised and updated Expectations Investing by Michael Mauboussin and Al Rappaport was released in 2021 by Columbia University Press and it's the best investing book I've ever read! Period. * The Motley Fool *A must-read if you are pondering the best way to value certain start-up and technology companies. * Enterprising Investor *A 'top personal finance book' selection. Investors will be able to evaluate companies’ stocks more effectively after reading this book and gain useful insights from the examples and case studies too. * Top Best in Singapore *Mauboussin is a prolific researcher but also a gifted writer, and he puts those abundant talents to good use in [Expectations Investing: Reading Stock Prices for Better Returns] with [Alfred] Rappaport. Laden with examples and checklists and thoughtfully organized, it is a good and very readable manual for experienced and novice analysts alike. * Morningstar's Recommended Reading List *Table of ContentsForewordPrefaceAcknowledgments1. The Case for Expectations InvestingPart I. Gathering the Tools2. How the Market Values Stocks3. The Expectations Infrastructure4. Analyzing Competitive StrategyPart II. Implementing the Process5. How to Estimate Price-Implied Expectations6. Identifying Expectations Opportunities7. Buy, Sell, or Hold?8. Beyond Discounted Cash Flow9. Across the Economic LandscapePart III. Reading Corporate Signals and Sources of Opportunities10. Mergers and Acquisitions11. Share Buybacks12. Sources of Expectations OpportunitiesNotesIndex

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Book SynopsisThe first book of its kind: a fascinating and entertaining examination of hedge funds todayShortlisted for the Financial Times/Goldman Sachs Business Book of the Year Award''An enormously satisfying book: a gripping chronicle of the cutting edge of the financial markets and a fascinating perspective on what was going on in these shadowy institutions as the crash hit'' ObserverWealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9.Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker anTrade Review‘The best account ever published of the economics, politics and adrenalin of these amazing firms. It shows why hedge funds dominate the world of finance and why the politicians who rail against them end up making them more powerful' * Anatole Kaletsky *‘A warts-and-all history of hedge funds...a splendid account of the ups and downs of an industry in which few of the twenty-something hedge-fund wannabes know their history. They, and meddling politicians, should read this book before they are condemned to repeat it' * Financial Times *An enormously satisfying book: a gripping chronicle of the cutting edge of the financial markets and a fascinating perspective on what was going on in these shadowy institutions as the crash hit * Observer *‘A superbly researched history of hedge-fund heroes stretching back to the 1950s, it is a fascinating tale of the contrarian and cerebral misfits who created successful, flexible businesses in an otherwise conventional financial world' * Economist *

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Book SynopsisTable of ContentsPreface 1 Introduction 3 1 Market Data 9 1.1 Tick and bar data 9 1.2 Corporate actions and adjustment factor 10 1.3 Linear vs log returns 11 2 Forecasting 13 2.1 Data for forecasts 14 2.1.1 Point-in-time and lookahead 15 2.1.2 Security master and survival bias 16 2.1.3 Fundamental and accounting data 16 2.1.4 Analyst estimates 17 2.1.5 Supply chain and competition 18 2.1.6 M&A and risk arbitrage 18 2.1.7 Event-based predictors 18 2.1.8 Holdings and flows 19 2.1.9 News and social media 20 2.1.10 Macroeconomic data 21 2.1.11 Alternative data 21 2.1.12 Alpha capture 21 2.2 Technical forecasts 22 2.2.1 Mean reversion 22 2.2.2 Momentum 24 2.2.3 Trading volume 24 2.2.4 Statistical predictors 25 2.2.5 Data from other asset classes 25 2.3 Basic concepts of statistical learning 27 2.3.1 Mutual information and Shannon entropy 28 2.3.2 Likelihood and Bayesian inference 32 2.3.3 Mean square error and correlation 33 2.3.4 Bias-variance tradeoff 35 2.3.5 PAC learnability, VC dimension, and generalization error bounds 36 2.4 Machine learning 40 2.4.1 Types of machine learning 41 2.4.2 Overfitting 43 2.4.3 Ordinary and generalized least squares 44 2.4.4 Deep learning 46 2.4.5 Types of neural networks 48 2.4.6 Nonparametric methods 51 2.4.7 Cross-validation 54 2.4.8 Curse of dimensionality, eigenvalue cleaning, and shrinkage 56 2.4.9 Smoothing and regularization 61 2.4.9.1 Smoothing spline 62 2.4.9.2 Total variation denoising 62 2.4.9.3 Nadaraya-Watson kernel smoother 63 2.4.9.4 Local linear regression 64 2.4.9.5 Gaussian process 64 2.4.9.6 Ridge and kernel ridge regression 67 2.4.9.7 Bandwidth and hypertuning of kernel smoothers 68 2.4.9.8 Lasso regression 69 2.4.10 Generalization puzzle of deep and overparameterized learning 69 2.4.11 Online machine learning 74 2.4.12 Boosting 75 2.4.13 Randomized learning 79 2.4.14 Latent structure 80 2.4.15 No free lunch and AutoML 81 2.4.16 Computer power and machine learning 83 2.5 Dynamical modeling 87 2.6 Alternative reality 89 2.7 Timeliness-significance tradeoff 90 2.8 Grouping 91 2.9 Conditioning 92 2.10 Pairwise predictors 92 2.11 Forecast for securities from their linear combinations 93 2.12 Forecast research vs simulation 95 3 Forecast Combining 97 3.1 Correlation and diversification 98 3.2 Portfolio combining 99 3.3 Mean-variance combination of forecasts 102 3.4 Combining features vs combining forecasts 103 3.5 Dimensionality reduction 104 3.5.1 PCA, PCR, CCA, ICA, LCA, and PLS 105 3.5.2 Clustering 107 3.5.3 Hierarchical combining 108 3.6 Synthetic security view 108 3.7 Collaborative filtering 109 3.8 Alpha pool management 110 3.8.1 Forecast development guidelines 111 3.8.1.1 Point-in-time data 111 3.8.1.2 Horizon and scaling 111 3.8.1.3 Type of target return 112 3.8.1.4 Performance metrics 112 3.8.1.5 Measure of forecast uncertainty 112 3.8.1.6 Correlation with existing forecasts 112 3.8.1.7 Raw feature library 113 3.8.1.8 Overfit handling 113 3.8.2 Pnl attribution 114 3.8.2.1 Marginal attribution 114 3.8.2.2 Regression-based attribution 114 4 Risk 117 4.1 Value at risk and expected shortfall 117 4.2 Factor models 119 4.3 Types of risk factors 120 4.4 Return and risk decomposition 121 4.5 Weighted PCA 122 4.6 PCA transformation 123 4.7 Crowding and liquidation 124 4.8 Liquidity risk and short squeeze 126 4.9 Forecast uncertainty and alpha risk 127 5 Trading Costs 129 5.1 Slippage 130 5.2 Impact 130 5.2.1 Empirical observations 132 5.2.2 Linear impact model 133 5.2.3 Impact arbitrage 135 5.3 Cost of carry 135 6 Portfolio Construction 137 6.1 Hedged allocation 137 6.2 Single-period vs multi-period mean-variance utility 139 6.3 Single-name multi-period optimization 140 6.3.1 Optimization with fast impact decay 141 6.3.2 Optimization with exponentially decaying impact 142 6.3.3 Optimization conditional on a future position 143 6.3.4 Position value and utility leak 145 6.3.5 Optimization with slippage 146 6.4 Multi-period portfolio optimization 148 6.4.1 Unconstrained portfolio optimization with linear impact costs 149 6.4.2 Iterative handling of factor risk 150 6.4.3 Optimizing future EMA positions 151 6.4.4 Portfolio optimization using utility leak rate 151 6.4.5 Notes on portfolio optimization with slippage 152 6.5 Portfolio capacity 152 6.6 Portfolio optimization with forecast revision 153 6.7 Portfolio optimization with forecast uncertainty 156 6.8 Kelly criterion and optimal leverage 157 6.9 Intraday optimization and execution 160 6.9.1 Trade curve 160 6.9.2 Forecast-timed execution 161 6.9.3 Algorithmic trading and HFT 162 6.9.4 HFT controversy 166 7 Simulation 169 7.1 Simulation vs production 170 7.2 Simulation and overfitting 171 7.3 Research and simulation efficiency 172 7.4 Paper trading 173 7.5 Bugs 173 Afterword: Economic and Social Aspects of Quant Trading 179 Appendix 183 A1 Secmaster mappings 183 A2 Woodbury matrix identities 184 A3 Toeplitz matrix 185 Index 187 Questions index 195 Quotes index 197 Stories index 199

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Book SynopsisEine Bilanz muss kein Buch mit sieben Siegeln sein, im Gegenteil: Wer versteht, was sie aussagt, kann viel aus ihr ablesen. Dieses Buch erläutert, wie eine Bilanz, eine Gewinn- und Verlustrechnung oder die wichtigsten Berichte für den Anhang und Lagebericht erstellt werden und wie man Bilanzpolitik betreibt. Es zeigt leicht verständlich, wie diese gelesen und interpretiert werden können, um so versteckte Risiken entdecken zu können. Die Bestseller-Autoren Michael Griga und Raymund Krauleidis legen in ihrem Buch den Schwerpunkt auf die Analyse von Bilanzen. Die Leser erfahren unter anderem, was sich hinter Begriffen wie Finanzierungs- und Investitionsanalyse, Liquiditätsanalyse oder Erfolgsanalyse verbirgt und was der Unterschied zwischen qualitativer und strategischer Bilanzanalyse ist. Die gewohnte Prise Humor fehlt natürlich ebenso wenig wie anschauliche Beispiele aus dem prallen Leben, Übungen, um das Erlernte gleich anzuwenden und Erläuterungen der unterschiedlichen gesetzlichen Grundlagen in Deutschland, Österreich und der Schweiz.

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Book SynopsisAmidst rapid and fundamental shifts in the economic, geo-political, technological, and societal landscape, this cutting-edge book makes the timeless case that research can be informed by problems in the 'real world' and make important contributions to theory and practice.Throughout the book, the authors argue that there is a 'sweet spot' where both scholarly and practical research can be done simultaneously. It offers readers insightful and rich examples of how this can be achieved, including frameworks, examples, ideas, and tools which will guide researchers in the lifelong task of defining themselves as researchers and crafting their own unique research practice. It also features critical insights into careers oriented toward having impact on practice, reflective questions that make the principles personal and relevant, and a framework to help develop the network of connections required for research to impact practice.Speaking to the graduate student in all of us, How to Do Relevant Research will greatly benefit Ph.D. students and early career academics who gravitate towards this kind of research but worry about its feasibility and instrumentality, mid-to-late career scholars who do research for practice and teach young scholars how to do it, and to researchers in a think-tank or consultancy who want their work to be scientifically sound and practically useful.Trade Review‘This book is a very powerful statement of how management research can be relevant for management practice and why that is important. I used a preprint with my doctoral students to enable them to think about how their scholarship can be both rigorous and relevant. The reflective questions scattered throughout the book are an added bonus that guide students to reflect for themselves about what matters to them about research. I strongly recommend this book for academics pondering their links with practice.’ -- Jean M. Bartunek, Boston College, US‘Minimizing the rigor-relevance trade-off is the holy grail not only of management research but for all the social sciences. This ingenious and timely book is full of actionable insights and wisdom on what its authors call “sweet spot research” as organizations confronting pervasive disruption need the research of business schools more than ever.’ -- Geoffrey Garrett, The University of Southern California, US‘How to Do Relevant Research shows how to achieve both rigor and relevance by building a solid bridge between academics in the ivory tower and practitioners in the world. It inspires meaning, purpose and action in a community of scholars where research is often void of societal relevance and filled with instrumental careerism. It provides a compelling explanation of why sweet spot research is responsible research, why it is good for everyone, and how it can inspire a collective dream of making the world a better place for all people. This book is a wonderful gift to all current and aspiring scholars, not only those in management but in all professional disciplines.’ -- Anne S. Tsui, Co-founder, Responsible Research in Business and Management (www.rrbm.network) 67 President, Academy of Management (www.aom.org); Founding President, International Association for Chinese Management Research (www.iacmr.org)‘This book is a treasure. Mirvis, Mohrman and Worley have named and confronted head-on the challenges and struggles of the research philosophies and practices in our field. Through erudite summaries, penetrating questioning and reflective exercises they have built an integrating framework that can be a transformational force in the future of organizational scholarship. This is a book, not only to be read, but also to be subjected to deep reflection and application.’ -- David Coghlan, Trinity College Dublin, Ireland‘Mirvis, Mohrman and Worley have written the definitive primer on how to do research that matters to both academics and practitioners. For those early in the journey of doing relevant research, the book is a “must read.” Clear, informative, and useful. For those with experience doing relevant research, the book is a “thankful read.” Illuminating, evocative, confirming.’ -- Thomas G. Cummings, The University of Southern California, US‘At last a book that is philosophically sound and demonstrates there is no tradeoff between rigor and relevance. How to Do Relevant Research needs to be required reading for every management and business school professor and graduate student. It gives us lots of examples of how to do research that makes a difference. This will be the saving grace of business schools – if people pay attention.’ -- R. Edward Freeman, University of Virginia, US‘If you want to make a difference to practice and theory, How to do Relevant Research by Mirvis, Mohrman and Worley is on target. I wish I had the wisdom in this book when I was a doctoral student or in early career – it would have helped me accelerate my contributions to theory and practice.’ -- Michael Beer, Harvard Business School; Co-founder TruePoint; Co-Founder Center for Higher Ambition Leadership‘This is an indispensable guide for scholars and practitioners. Mirvis, Mohrman, and Worley offer decades of exceptional experience. Their practical frameworks and vivid examples show practitioners how to tap the vast trove of useful evidence produced by scholars, and show scholars how to connect and ground their research in the pivotal issues, values, and decision frameworks used by practitioners.’ -- John Boudreau, University of Southern California, US‘An important and engaging contribution to doing research that enhances practice. More than a “how to” guide, Mirvis, Mohrman, and Worley’s years of experience in engaged research compel us to pay attention to the necessity of relevant scholarship. If you aren’t already doing and communicating useful, relevant research, this elegant book should inspire you to act. And if you are, then this exploration should energize you to build and connect.’ -- – Gavin M. Schwarz, University of New South Wales Business School, Australia‘At a time when executives seek evidence-based insight into effective practice, academics pursue opportunities for thought leadership, and accrediting bodies and funding agencies call for greater impact from research, this book guides scholars about how to best balance theory, rigor, and relevance. I strongly recommend this book to practitioner scholars and academics who are seeking to elevate their engaged scholarship and potential impact.’ -- John Mooney, Pepperdine University, US‘This is an important book on relevant and useful research that should be read by any scientist who is interested in making a difference to both practice and the academy. Based on decades of work, Mirvis, Mohrman and Worley provide a coherent roadmap for the complex and exciting journey into the borderland between academy and industry.’ -- Abraham B. (Rami) Shani, California Polytechnic State University, US and Co-Author of Collaborative Inquiry for Organization Development and Change‘Many organizational scholars, including Presidents of the Academy of Management, have urged us to do research that is both rigorous and relevant. This book shows us HOW to do this – at all academic career-phases. Coming from world-renowned scholars who have done this (and still do), this book’s refreshingly reflective and authentic tips promise to inspire and enable more organizational scholars to rigorously conduct relevant research thereby exponentially increasing the reach and impact of organizational science. This is needed now more than ever!’ -- Debra L. Shapiro, University of Maryland, US and Past President, Academy of Management (2016)‘This excellent book is must reading for anyone who wants to conduct relevant research that advances knowledge for theory and practice. It finds the sweet spot between contributing to theory and producing knowledge relevant to the problems faced in management and organizational practice. It suggests practical and proven ways to engage in a network of activities and relationships that enable relevant research.’ -- Andrew H. Van de Ven, University of Minnesota, US‘A most welcome and well written guide to practical scholarship that is both rigorous and useful. For those stuck in the ivory tower, it’s also a liberatory call to action research!’ -- Hilary Bradbury, Editor in Chief, Action Research Journal, Curator, Foundation AR+‘This book offers a time-tested methodology on how to execute research that delivers relevant knowledge for practice. It resonates with the CEEMAN Manifesto on excellence and relevance in education and research and answers the question of professors and their doctoral students: “How do you do it”?!’ -- Danica Purg, President of IEDC-Bled School of Management, Bled, Slovenia and President of CEEMAN, The International Association for Management Development in Dynamic Societies‘This book is timely given the current global crisis and potential ones that businesses will likely face. Social science researchers have a role to play in solution making but are often missing from the solution making space occupied by managers. Mirvis, Mohrman and Worley provide concrete guidance to researchers to get to the ‘sweet spot’ where knowledge produced is both relevant and rigorous. They ask us to reflect on our research paradigms and professional identity, and to find inspiration in the many examples of research-practice collaborations that they share in the book. A must-read for researchers at any stage of their career seeking to produce research insights that impact practice.’ -- Garima Sharma, Georgia State University, US‘This book is long overdue. With examples of relevant research all over the world, it enables scholars to smell the aroma of practice and practitioners to taste the cooking of academics. I recommend this work to academics around the globe. For practitioners who are venturing into the scholarly world (i.e., getting doctoral degrees), this is must have book.’ -- Baniyelme D. Zoogah, President; Africa Academy of Management; Xavier University, USTable of ContentsContents: Preface and acknowledgements PART I WHAT AND WHY 1. Theory-driven, practice-driven, and “sweet spot” management research 2. Developing your research philosophy 3. Creating value in organizational research: a relational view 4. Relevant research: yesterday and today PART II HOW 5. Theorizing and practice 6. Research and practice 7. Communicating research to scholars and practitioners 8. Managing research relationships in the field 9. Being a sweet spot researcher Index

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Book SynopsisSuccessful leaders know that leadership is less often about having all the answersand more often about asking the right questions. The challenge lies in being able to step back, reflect, and ask the key questions that are critical to your performance and your organization's effectiveness.In What to Ask the Person in the Mirror, leadership expert Robert Kaplan presents a process for asking the big questions that will enable you to diagnose problems, change course if necessary, and advance your career. He lays out areas of inquiry, including questions such as: Do I clearly articulate my vision and top priorities to my employees and key constituencies? Does the way I spend my time enable me to achieve my top priorities? Do I give subordinates timely and direct feedback they can act on? Do I actively seek feedback myself? Have I developed a succession roadmap? Is my organization's design aligned with the achievement of its objectives? Is my leadershipTrade Review"The areas appear as chapters with a concluding section that underlines his findings, making the book easy to follow." -- Director magazine "Leaders don't have all the answers ... When you're unsure what to do next, it's time to answer the questions that Kaplan poses in his seven steps." -- Dallas Morning News "Kaplan's business philosophy, applicable to everyone from CEOs to new college graduates, begins with a willingness to ask questions." -- Chicago Tribune "the key strength of the book is its practical approach. -- People Management "In his timeless book, What to Ask the Person in the Mirror, Kaplan offers seven basic types of inquiry or areas of focus--actually a system of inquiry that ties the leadership function together--that you should be looking at on a regular basis." - LeadershipNow "Kaplan is part of a refreshing vanguard of management scholars who no longer view the CEO as a superhero, the corner office Zeus who creates value by force of will and top-down edict. Rather, the modern executive is reflective, empathetic, full of self-awareness, someone who leads by example and by motivation, not by power and fear." -- BNET "...Kaplan argues against the notion that great leadership is about having all the answers. He believes that leadership skills can be learned--and that many of these skills require executives to rethink their conception of what a superb leader actually does. Developing and practicing these skills requires hard work and may demand that talented executives overcome some degree of discomfort and even anxiety in order to raise their game." -- HBS Working Knowledge "Throughout the cabinet file of information stacked into these pages, challenging questions are asked that will make you ponder the success rate of leadership strategies you employ." -- Kennedy Book Reviews "Grab a copy of this easy-to-read yet deeply insightful book." -- 800 CEO READ "Reading Rob Kaplan's brilliant new book is like being coached by a great mentor. Written clearly and lucidly, with dozens of real-world examples, Kaplan's savvy and practical advice results from hundreds of outstanding leaders he has mentored successfully. Don't just read it--incorporate his ideas into your leadership." -- Bill George Author, True North; professor of management practice, Harvard Business School "Rob Kaplan is an outstanding leader and business executive. In What to Ask the Person in the Mirror, he provides a valuable and adaptable framework that can be used by business and nonprofit leaders. This book lays out the important questions that leaders should ask in order to achieve their goals and reach their potential." -- Henry M. Paulson, Jr. Seventy-fourth Secretary of the U.S. Department of the Treasury; Chairman and CEO , Goldman Sachs (1999--2006) "Kaplan succeeds in translating his vast knowledge of the leadership field into clear, graceful language, almost as if he is having a conversation with the reader. He tells engaging stories to illustrate his general points--the most effective way to give abstract concepts life. This book should have a wide readership." -- Doris Kearns Goodwin Pulitzer Prize--winning presidential historian and author, Team of RivalsTable of Contents1. Vision and priorities 2. Managing your time 3. Giving and getting feedback 4. Succession planning and delegation 5. Evaluation and alignment 6. The leader as role model 7. Reaching Your Potential 8. Bringing it all together

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Book SynopsisThe life and genius of Henry Royce, the outstanding, retiring, and often tyrannical founder of Rolls-RoyceTrade Review"Here, Peter Reese tells the story of Frederick Henry Royce, who, despite two years of formal education and his father dying in the poorhouse when he was nine years old, built the company form nothing." * This England *Feature in Country Life magazine * Country Life magazine *"Eminently readable, fascinating and quite readable..." * Auto Express *

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Book SynopsisHow does one spot the bottom of a bear market? What brings a bear to its end?There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap - 1921, 1932, 1949 and 1982 - Russell Napier sets out to answer these questions by analysing every article in the Wall Street Journal from either side of the market bottom.In the 70,000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging.By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best provisions for the future.This new edition includes a brand new preface from the author and a foreword by Merryn Somerset Webb.

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Book SynopsisMore than ten years after his first bestselling book, The E-Myth, changed the lives of hundreds of thousands of small business owners, Michael Gerber椮trepreneur, author, and speaker extraordinaire楩res the next salvo in his highly successful E-Myth Revolution. Drawing on lessons learned from working with more than 15,000 small, medium-sized, and very large organisations, Gerber has discovered the truth behind why management doesn't work and what to do about it. Unearthing the arbitrary origins of commonly held doctrines such as the omniscience of leader (Emperor) and the most widely embraced myth of all擨e E-Myth Manager offers a fresh, provocative alternative to management as we know it. It explores why every manager must take charge of his own life, reconcile his own personal vision with that of the organisation, and develop an entrepreneurial mind-set to achieve true success.

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Book SynopsisTable of ContentsIntroduction 1 Part 1: What’s Unique about Corporate Finance 5 Chapter 1: The Tale of Corporate Finance 7 Chapter 2: Introducing Finance Land 15 Chapter 3: Pitching Your Story for Money 35 Part 2: Making a Statement 45 Chapter 4: Staying Balanced 47 Chapter 5: Incoming Income 59 Chapter 6: Going with the (Cash) Flow 67 Chapter 7: Mastering Metrics 75 Chapter 8: Calculating Capital 97 Part 3: Valuations on the Price Tags of Business 115 Chapter 9: Determining Present and Future Values: Time Is Money 117 Chapter 10: Calling in the Cavalry 125 Chapter 11: Bonding Over Business 143 Chapter 12: Savvy Stock Sales 159 Chapter 13: Pricing Probability from Derived Value 173 Part 4: A Wonderland of Risk Management 183 Chapter 14: Managing Uncertainty 185 Chapter 15: Through the Looking Glass of Modern Portfolio Theory 197 Chapter 16: Financially Engineering Yourself Deeper Down the Rabbit Hole 217 Chapter 17: Weighing Capital 233 Part 5: Financial Management 243 Chapter 18: Assessing Financial Performance 245 Chapter 19: Forecasting Finances 263 Chapter 20: Getting the Deets on M&A 277 Part 6: The Part of Tens 295 Chapter 21: Ten Things You Need to Know about International Finance 297 Chapter 22: Ten Things You Need to Understand about Behavioral Finance 313 Index 325

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Book SynopsisTrade Review"Internet Spaceships Are Serious Business is one of the most comprehensive collections of works on EVE Online ever produced, but written in language that is accessible to the uninitiated reader. It captures a side of EVE that is often lost in academic writings, and each chapter stands as a snapshot in time of one of the world’s most unique and well-studied massively multiplayer online games."—Brendan Drain, MMO expert"A book as unique as EVE itself—it will make you think, help you understand a game you may never play, and afford a glimpse onto a less traveled byway of the gaming universe. The roster of authors is delightfully varied, with contributions from archivists, developers, players, PhD students, and researchers, broadening inquiry into a thoughtful, engaging treatment of a cherished game."—Bonnie Nardi, author of My Life as a Night Elf Priest: An Anthropological Account of “World of Warcraft”*\"By addressing everything from collaboration to conflict, from economics to embodiment, the authors of Internet Spaceships Are Serious Business use the specific case study of EVE Online to investigate how emerging digital technologies reshape selfhood and society."—Tom Boellstorff, author of Coming of Age in Second Life: An Anthropologist Explores the Virtually Human"This work serves as an excellent consideration of the world of EVE Online for any researcher."—American Journal of PlayTable of ContentsContents Glossary of EVE Online Jargon Introduction Marcus Carter, Kelly Bergstrom, and Darryl Woodford 1. EVE Online for the Uninitiated Kelly Bergstrom and Marcus Carter 2. EVEOnline Is Hard and It Matters Christopher Paul 3. Virtual Interstellar Travel William Sims Bainbridge 4. Universes, Metaverses, and Multiverses Kjartan Pierre Emilsson 5. The Digital Grind: Time and Labor as Resources of War in EVE Online Oskar Milik 6. The Russians Are Coming! Stereotypes and Perceptions of “Russianness” in EVE Online Catherine Goodfellow 7. The Art of Selling Trust Chribba 8. We Play Something Awful: Goon Projects and Pervasive Practice on Online Games Richard Page 9. The Accidental Spymaster Keith Harrison 10. The Evolution of Player Organizations: A Goonswarm Perspective The Mittani (Alexander Gianturco) 11. RIP Vile Rat: Makeshift Memorials in EVE Online Martin R. Gibbs, Marcus Carter, and Joji Mori 12. Imagined Capsuleers: Reframing Discussions about Gender and EVE Online Kelly Bergstrom 13. The Social System in EVE Online Mantou (Zhang Yuzhou) 14. Do EVE Online Players Dream of Icelandic Spaceships? The Role and Mechanisms of Co-creation in CCP’s Success Jedrzej Czarnota 15. EVEOnline as History Nick Webber 16. On the EVE of Preservation: Conserving a Complex Universe Kristin MacDonough, Rebecca Fraimow, Dan Erdman, Kathryn Gronsbell, and Erica Titkemeyer Contributors Index

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Book SynopsisFully revised and updated second edition. This is your one-stop, definitive resource as you prepare for a secure and comfortable retirement.Investment and personal finance experts Larry Swedroe and Kevin Grogan present uniquely comprehensive coverage of every important aspect you need to think about as you approach retirement, including:Social Security, Medicare, investment planning strategy, portfolio maintenance, preparing your heirs, retirement issues faced by women, the threat of elder financial abuse, going beyond financials to think about your happiness, and much more.These topics are explained with the help of specialists in each subject. And everything is based on the science of investing evidenced with studies from peer-reviewed journals.Overall, this adds up to a complete retirement guide, packed with the latest and best knowledge. Don''t enter your retirement without it.

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Book SynopsisA journey through the Index Revolution from the man who started it all Stay the Course is the story the Vanguard Group as told by its founder, legendary investor John C. Bogle. This engrossing book traces the history of Vanguardthe largest mutual fund organization on earth. Offering the world's first index mutual fund in 1976, John Bogle led Vanguard from a $1.4 billion firm with a staff of 28 to a global company of 16,000 employees and with more than $5 trillion in assets under management. An engaging blend of company history, investment perspective, and personal memoir, this book provides a fascinating look into the mind of an extraordinary man and the company he created. John Bogle continues to be an inspiring and trusted figure to millions of individual investors the world over. His creative innovation, personal integrity, and stubborn determination infuse every aspect of the company he founded. This accessible and engaging book will help you: Explore the history of some of VTable of ContentsAbout Stay the Course xiii Foreword by Burton G. Malkiel xvii Part I. The Story of Vanguard 1 Chapter 1 1974:The Prophecy 3 Chapter 2 1945–1965: The Background –Blair, Princeton, Fortune, and Wellington 9 Chapter 3 1965–1974:The “Go-Go” Era, the Aftermath, and the Formation of Vanguard 17 Chapter 4 The Index Fund Revolution: From Birth to Dominance 37 Chapter 5 1974–1981: A New Beginning 53 Chapter 6 1981–1991: Setting the Stage for Future Growth 75 Chapter 7 1991–1996: Preparing for a New Mutual Fund Industry 89 Chapter 8 1996–2006: The ETF Revolutionizes Indexing 107 Chapter 9 2006–2018: The Momentum Continues – Strategy Follows Structure 121 Chapter 10 Caring: The Founder’s Legacy 149 Part II. The Vanguard Funds 163 Chapter 11 Wellington Fund: Vanguard’s Alpha and Omega 165 Chapter 12 The Index Funds 177 Chapter 13 The Windsor Funds 187 Chapter 14 The PRIMECAP Funds 195 Chapter 15 The Bond Funds 205 Chapter 16 Problems and Perspectives 217 Part III. The Future of Investment Management 227 Chapter 17 The Fund Industry Becomes Mutual 229 Chapter 18 The Challenge to the S&P 500 Index Fund 241 Chapter 19 “The Financial Institutions Act of 2030” 249 Part IV. Personal Refl ections 255 Chapter 20 What Really Matters: A Memoir 257 Index 281 Books by John C. Bogle 293

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Book SynopsisJulie Starr is an expert and thought leader in the field of coaching. Since 2002, her best-selling book The Coaching Manual has supported the evolution of the coaching profession through simple, powerful principles and practical approaches. Her books are translated into many languages and are required reading on coach training programmes around the world. With over 20 years and thousands of hours coaching experience, Julie supports CEO's and executives from the world's largest organizations. Her approach is challenging, compassionate and empowers clear leadership.Trade Review“The most comprehensive book on the practice of coaching that I have come across. If anyone wishes to become a one-to-one coaching and only reads one book about it, this could well be that book.” Sir John Whitmore "Full of important information that all coaches just need to know! I would absolutely recommend this book to any coach, neophyte or experienced." Cherie Carter-Scott, Ph.D. MCC "The definitive resource for aspiring as well as seasoned coaches. No one has brought to life the nuts and bolts better than Julie Starr." Marshall GoldsmithTable of Contents1. Introduction 2. Collaborative Coaching 3. Coaching Principles or Beliefs 4. Fundamental Skills of Coaching 5. Barriers to Coaching 6. Coaching Conversations: The Coaching Path 7. Coaching Assignment: Structure and Process 8. Emotional Maturity and Coaching 9. Becoming a Coach 10. Consolidate Your Learning Toolkit – Practise Coaching Behaviours and Build Assignments

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