An analysis of the investment approach of the world's top investors, showing how to achieve market-beating returns It is possible to beat the market. Taking this as a starting point, Excess Returns sets out to explore how exactly the most famous investors in the world have done it, year after year, sometimes by huge margins. Excess Returns is not a superficial survey of what investors have said about what they do. Rather, Frederik Vanhaverbeke applies a forensic analysis to hundreds of books, articles, letters and speeches made by dozens of top investors over the last century and synthesises his findings into a definitive blueprint of how exactly these investment legends have gone about their work. Among the legends whose work has been studied are Warren Buffett, Benjamin Graham, Anthony Bolton, Peter Lynch, Charles Munger, Joel Greenblatt, Seth Klarman, David Einhorn, Daniel Loeb, Lou Simpson, Prem Watsa and many more. Among the revealing insights, you will learn of the striking similarities in the craft of great investors, crucial subtleties in their methods that are ignored by many, and the unconscious errors investors commonly make and how these are counter to successful investing. Special attention is given to two often overlooked areas: effective investment philosophy and investment intelligence. The investing essentials covered include: - Finding bargain shares - Making a quantitative and qualitative business analysis - Valuation methods - Investing throughout the business cycle - Timing buy and sell decisions - And much, much more! Excess Returns is full of timeless and practical insights, presented in a unique style, to help investors focus on the most promising opportunities and lead the way to beating the market.
Over 20 million copies sold! A perennial New York Times bestseller for over a decade! Falling in love is easy. Staying in love—that’s the challenge. How can you keep your relationship fresh and growing amid the demands, conflicts, and just plain boredom of everyday life? In the #1 New York Times international bestseller The 5 Love Languages®, you’ll discover the secret that has transformed millions of relationships worldwide. Whether your relationship is flourishing or failing, Dr. Gary Chapman’s proven approach to showing and receiving love will help you experience deeper and richer levels of intimacy with your partner—starting today. The 5 Love Languages® is as practical as it is insightful. Updated to reflect the complexities of relationships today, this new edition reveals intrinsic truths and applies relevant, actionable wisdom in ways that work. Includes the Love Language assessment so you can discover your love language and that of your loved one.
As technology surges forward, our world teeters on the precipice of a significant shift in global finance. The imminent threat? Central Bank Digital Currencies (CBDCs), which are government-controlled digital currencies that provide authorities with unparalleled power to surveil, control, and manipulate the financial existence of billions. In "The Final Countdown: Crypto, Gold, Silver, and the People's Last Stand Against Tyranny by Central Bank Digital Currencies (CBDCs)," author and 2024 Presidential Candidate, Aaron Day, embarks on an urgent exploration of a global tyrannical crisis in the making. This is not merely a book; it's a compelling call to action and a survival guide for the digital age." The Final Countdown" navigates this chilling landscape, paralleling dystopian visions of a world dominated by CBDCs with disturbing realities in today's societies. Through a series of riveting examples and eye-opening revelations, it unveils the ominous truth about fiat currency, mass surveillance, population control, and the erosion of personal freedom in our ever-digitizing world. Yet, this book is not all about doom and gloom. It also illuminates the path to resistance, highlighting the critical role of decentralized cryptocurrencies, gold, and silver as potential lifelines in the battle against CBDC tyranny. It champions the cause of financial freedom and individual autonomy, empowering readers with the knowledge and tools they need to reclaim control over their financial future. From tech enthusiasts to financial market players, to the average citizen concerned about their financial freedom and privacy, "The Final Countdown" is a critical read. It acts as a clarion call for awareness, resistance, and action in the face of a global shift that will fundamentally redefine our society and individual freedom. With practical guides on acquiring and safeguarding self-custody crypto, gold, and silver, this book offers a comprehensive strategy to withstand the potential onslaught of CBDC tyranny. Don't miss out on this essential guide to understanding and surviving the emerging era of digital control.
TCP/IP Illustrated, an ongoing series covering the many facets of TCP/IP, brings a highly-effective visual approach to learning about this networking protocol suite. TCP/IP Illustrated, Volume 2 contains a thorough explanation of how TCP/IP protocols are implemented. There isn't a more practical or up-to-date bookothis volume is the only one to cover the de facto standard implementation from the 4.4BSD-Lite release, the foundation for TCP/IP implementations run daily on hundreds of thousands of systems worldwide. Combining 500 illustrations with 15,000 lines of real, working code, TCP/IP Illustrated, Volume 2 uses a teach-by-example approach to help you master TCP/IP implementation. You will learn about such topics as the relationship between the sockets API and the protocol suite, and the differences between a host implementation and a router. In addition, the book covers the newest features of the 4.4BSD-Lite release, including multicasting, long fat pipe support, window scale, timestamp options, and protection against wrapped sequence numbers, and many other topics. Comprehensive in scope, based on a working standard, and thoroughly illustrated, this book is an indispensable resource for anyone working with TCP/IP.
Gold Medal Winner, Living Now Book Awards 2024 Best Books of 2024, Kirkus Reviews Winner, Independent Press Awards 2024 Honorable Mention, Royal Dragonfly Book Awards 2024 (Religion/Spirituality) Winner, PenCraft Book Awards 2024 (Fiction: Intrigue) Best AI Books of 2024, The Information Winner, American Book Fest (Nonfiction: Cross-Genre) Winner, 2025 American Legacy Book Award (Nonfiction: Cross-Genre) Bostrom’s last book, Superintelligence: Paths, Dangers, Strategies (OUP, 2014), sparked a global conversation on AI that continues and widens to this day. That book, which despite its academic style became a New York Times bestseller, focused on what would happen if AI goes wrong. But what if AI goes right? Suppose we succeed in developing superintelligence safely and that we make good use of the almost magical powers this unlocks. We would then achieve full unemployment. More than that, we would transition into a “post-instrumental condition," in which human effort is not needed for any practical purpose. This would be a condition of material abundance. Human nature itself would become fully malleable. In such a solved world, what would be the point of human existence? What could give meaning to our lives? Which old values will we have to sacrifice, and which new values will we be able to realize to wonderful degrees? Deep Utopia—a work that is again years ahead of its time—takes the readers on a journey into some of the most profound questions that arise as we dissolve the limits of our current mode of being. It is a lush, playful, difficult, and human text that interleaves fiction stories and philosophical lectures that show us a glimpse of a different kind of existence–one that might be ours in the not-so-distant future.
Legal Foundations of a Free Society is an updated selection of articles published over three decades dealing with a variety of issues in libertarian rights and legal theory, including the nature and foundations of libertarianism, rights and punishment theory, causation and responsibility, contract theory, and intellectual property. The chapters have been significantly revised and updated and integrated with each other with extensive cross-references, and with an extensive bibliography and index. “… more than 40 years after the first publication of Rothbard’s Ethics of Liberty and characterized by much practical disappointment and increasing theoretical confusion, the publication of Stephan Kinsella’s present work must be considered a most welcome sign of renewed hope and new, refreshing intellectual inspiration. Indeed, with this work, that has been in the making for more than two decades, Kinsella has produced no less than an intellectual landmark, establishing himself as the leading legal theorist and the foremost libertarian thinker of his generation. While following in Rothbard’s footsteps, Kinsella’s work does not merely rehash what has been said or written before. Rather, having absorbed as well all of the relevant literature that has appeared during the last few decades since Rothbard’s passing, Kinsella in the following offers some fresh perspectives and an innovative approach to the age-old quest for justice, and he adds several highly significant refinements and improvements and some centrally important new insights to the theories of personhood, property and contract, most famously some radical criticism and rejection of the idea of ‘intellectual property’ and ‘intellectual property rights.’ … Henceforth, then, all essential studies in the philosophy of law and the field of legal theory will have to take full account of the theories and criticisms expounded by Kinsella.” —From the Foreword, by Hans-Hermann Hoppe
Bestselling author Michael Maloney makes a compelling case that the greatest opportunity of this generation to build and protect your wealth is here. The rocket fuel for any bull market, and the tinder for a bear one, are the economic and political conditions of the day... And Mike shows today is like never before. The magnitude of the potential gains become obvious when you compare today's conditions to the precious metals bull market of the 1970s. In the '70s gold rose more than 25 times its original price, and silver more than 41 times. Today there are approximately twice as many ounces of gold available for investors to buy, but globally, there are also: * 18 times more people that can access, and legally buy, precious metals. * 55 times more currency. * 56 times more millionaires. * 200 times more billionaires. * 220 times more available consumer credit. * 49 times greater global stock market cap. * And that's just the tip of the iceberg. While stocks, real estate, crypto, bonds, and nearly every major asset class have boomed, gold and silver have been largely ignored, and are now among the world's last, and most, undervalued assets. But a shift is underway. The coming flight to safety will be staggering... and gold and silver will be the big winners. After accurately predicting the crisis of 2008, Mike now presents unassailable data that an even greater crisis is coming. As you turn the pages, you'll understand the enormity of it, that we have passed an economic point of no return, and that there is no avoiding it. The old 'normal' is just not coming back. The Great Gold and Silver Rush of the 21st-Century provides a roadmap for navigating the coming economic storm. The knowledge it contains will help you protect yourself, your family, and your assets through the turbulent times ahead. Most will be devastated, many will be totally ruined, but those few who are prepared can massively increase their wealth.
Anarchism has been both a vision of a peaceful, cooperative society—and an ideology of revolutionary terror. Since the term itself—anarchism—is a negation, there is a great deal of disagreement on what the positive alternative would look like. The black flag comes in many colors.The Anarchist Handbook is an opportunity for all these many varied voices to speak for themselves, from across the decades. These were human beings who saw things differently from their fellow men. They fought and they loved. They lived and they died. They disagreed on much, but they all shared one vision: Freedom.
AN INSTANT NEW YORK TIMES BESTSELLER "Everything I want in a thriller. Sexy, shocking, and tense with an ending I never saw coming. Jeneva Rose is the queen of twists."--Colleen Hoover, #1 New York Times bestselling author The highly anticipated new thriller from the New York Times bestselling author of The Perfect Marriage and One of Us Is Dead You've opened up your house and your heart to a total stranger ... What could possibly go wrong? Grace Evans, an overworked New Yorker looking for a total escape from her busy life, books an Airbnb on a ranch in the middle of Wyoming. When she arrives at the idyllic getaway, she's pleased to find that the owner is a handsome man by the name of Calvin Wells--and he's eager to introduce her to his easygoing way of life. But there are things Grace discovers that she's not too pleased about: A lack of cell phone service. A missing woman. And a feeling that something isn't right with the ranch. Despite her uneasiness, the two bond and start to fall for one another. However, as her departure date nears, things change for the worse. What began as a playful romance soon turns into a complicated web of lies. Grace grows wary of Calvin as his infatuation for her seems to have morphed to obsession. Calvin fears that Grace is hiding something from him--including her reason for staying at his ranch to begin with. Vacation flings typically end in heartbreak, but for Grace and Calvin, it'll be far more destructive.
Do you think you know something about Bitcoin and Austrian Economics? If so you may be ready for Cryptoeconomics. This is not a work for the uninitiated. The content is dense – it does not repeat itself. It is not a contribution to the echo chamber, will not show you how to set up a wallet, the future price, or what to do. Cryptoeconomics applies rational economic principles to Bitcoin, demonstrating flaws and unnecessary complexities in them, and in common understandings of Bitcoin. It will improve your understanding of both. Bitcoin requires a new, rigorous, and comprehensive discipline. This is it. Bitcoin is something new. It seems to defy understanding. Has there ever been a fixed supply money? Is there another case of production cost varying directly with product price? Is there anything else with a competitive yet fixed rate of transactability? To see past the hype, understand the value proposition, security model, and economic behavior, this may be your only source. Bitcoin is economics, technology, and security. Without incorporating all of these aspects, errors will be made. Economists, technologists, security experts, and even numerologists have attempted to explain it. Each brings a limited perspective, failing to incorporate essential aspects. The author found himself uniquely qualified to integrate them. His work in Bitcoin began with a hardware wallet. He spent a year analyzing threats, working with electronics design, hardware exploitation, and state surveillance experts. He chose the Libbitcoin software library, as Satoshi’s prototype was not factored for development and was largely financed by the Bitcoin Foundation, a corporate consortium. He later dedicated himself to Libbitcoin, eventually writing or editing all of its ~500,000 lines of code. Few have comparable experience with such a comprehensive Bitcoin stack. As a combat-experienced fighter pilot in the U.S. Navy he experienced state threats. He became a highly-qualified Strike Fighter Tactics Instructor, in which his primary role was tactics analysis and threat presentation. He also advised for the Navy on the Strike Fighter Training System network, Joint Strike Fighter, early GPS weapons, and F/A-18 systems. His understanding of the physical nature of all security was enhanced by decades of training in Japanese martial arts, achieving black belt rankings in five disciplines. His degree and experience in computer science mixed with extensive business experience, founding several companies. He has worked at IBM and as a Principle Architect at Microsoft, two of the world’s largest companies. The latter purchased his first startup, and his second was acquired by Veritas Capital. He was awarded three related U.S. patents. Eventually he became an angel investor, sharing his experience with other entrepreneurs. As CTO of his first company he published three computer security advisories via Computer Emergency Response Team. Each was derived entirely from his reading of user documentation. Later he earned a seat on the DHS Open Vulnerability Assessment Language advisory board for his work on software patching. In recent years he uncovered material security flaws in each of the first three iterations of a popular “secure element” hardware wallet, again from review of user documentation. Thirty years of self-study in free market economics was reinforced by extensive global travel. In visiting over 80 countries he has interacted with people on five continents. Still often traveling on a motorcycle with only a shoulder bag, he obtains intimate understanding of global economic realities. From Zimbabwean black market currency traders, to Tanzanian coffee pickers, Venezuelan refugees, Mongolian shepherds, Okinawan jazz musicians, Lao monks, etc. – the world is not as often presented. The ability to integrate these diverse and relevant experiences led to Cryptoeconomics. This is your next stop.
Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Now in a striking new hardcover edition, Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s insights and methods. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared. PRAISE FOR FOOLED BY RANDOMNESS: Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year “[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-five theses were to the Catholic Church.” –Malcolm Gladwell, author of Blink “The book that rolled down Wall Street like a hand grenade.” –Maggie Mahar, author of Bull! A History of the Boom, 1982—1999 “Fascinating . . . Taleb will grab you.” –Peter L. Bernstein, author of Capital Ideas Evolving “Recalls the best of scientist/essayists like Richard Dawkins . . . and Stephen Jay Gould.” –Michael Schrage, author of Serious Play: How the World’s Best Companies Simulate to Innovate “We need a book like this. . . . Fun to read, refreshingly independent-minded.” –Robert J. Shiller, author of Irrational Exuberance “Powerful . . . loaded with crackling little insights [and] extreme brilliance.” –National Review