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.
Un mundo feliz es un clásico de la literatura del siglo XX, una sombría metáfora de un futuro posible. Los peores vaticinios del capitalismo se han cumplido: triunfan los dioses del consumo y la comodidad, y el orbe se divide en diez zonas en apariencia seguras y estables. Los humanos ya no procrean, el sexo se ha convertido solo en una diversión y las letras del alfabeto griego se han pervertido para clasificar a los seres humanos por castas. Todos aceptan su lugar en la nueva jerarquía social, perfectamente ordenada. Los valores humanos esenciales no tienen cabida en este mundo y los habitantes se crean in vitro con una técnica concebida a imagen y semejanza de una cadena de montaje. El soma, la droga por excelencia en este mundo distópico que propone Huxley, ayuda a los habitantes a escapar de la rutina. A cambio de este orden pulcro, la libertad de expresión y el pensamiento crítico han sido erradicados. Bernard Marx, el protagonista de la novela, inconformista e inteligente, deberá probar los límites de la sociedad que lo ha engendrado, iniciando un viaje más allá de las fronteras distópicas de su universo. La crítica ha dicho: «Según los ojos con que se mire, Un mundo feliz retrata una utopía perfecta o su horrendo opuesto, una distopía: sus hermosos habitantes viven seguros y libres de enfermedades y preocupaciones, pero lo hacen de un modo que, queremos creer, sería inaceptable para nosotros.» Margaret Atwood «Aldous Huxley fue un hombre extraordinariamente profético, no hay otro novelista en el siglo XX que haya escrito una guía más sagaz del futuro.» J.G. Ballard «Un mundo feliz también ha conservado su mordacidad satírica y una expresión de gran impacto aforístico, con un vívido sentido del poder del lenguaje y de las ideas en una sociedad humana cambiante.» Robert McCrum, The Guardian
NEW YORK TIMES BESTSELLER • NAMED ONE OF THE BEST BOOKS OF THE YEAR BY THE ECONOMIST “The most important book on decision making since Daniel Kahneman's Thinking, Fast and Slow.”—Jason Zweig, The Wall Street Journal Everyone would benefit from seeing further into the future, whether buying stocks, crafting policy, launching a new product, or simply planning the week’s meals. Unfortunately, people tend to be terrible forecasters. As Wharton professor Philip Tetlock showed in a landmark 2005 study, even experts’ predictions are only slightly better than chance. However, an important and underreported conclusion of that study was that some experts do have real foresight, and Tetlock has spent the past decade trying to figure out why. What makes some people so good? And can this talent be taught? In Superforecasting, Tetlock and coauthor Dan Gardner offer a masterwork on prediction, drawing on decades of research and the results of a massive, government-funded forecasting tournament. The Good Judgment Project involves tens of thousands of ordinary people—including a Brooklyn filmmaker, a retired pipe installer, and a former ballroom dancer—who set out to forecast global events. Some of the volunteers have turned out to be astonishingly good. They’ve beaten other benchmarks, competitors, and prediction markets. They’ve even beaten the collective judgment of intelligence analysts with access to classified information. They are "superforecasters." In this groundbreaking and accessible book, Tetlock and Gardner show us how we can learn from this elite group. Weaving together stories of forecasting successes (the raid on Osama bin Laden’s compound) and failures (the Bay of Pigs) and interviews with a range of high-level decision makers, from David Petraeus to Robert Rubin, they show that good forecasting doesn’t require powerful computers or arcane methods. It involves gathering evidence from a variety of sources, thinking probabilistically, working in teams, keeping score, and being willing to admit error and change course. Superforecasting offers the first demonstrably effective way to improve our ability to predict the future—whether in business, finance, politics, international affairs, or daily life—and is destined to become a modern classic.
Economist Bryan Caplan makes a bold case for unrestricted immigration in this fact-filled graphic nonfiction. American policy-makers have long been locked in a heated battle over whether, how many, and what kind of immigrants to allow to live and work in the country. Those in favor of welcoming more immigrants often cite humanitarian reasons, while those in favor of more restrictive laws argue the need to protect native citizens. But economist Bryan Caplan adds a new, compelling perspective to the immigration debate: He argues that opening all borders could eliminate absolute poverty worldwide and usher in a booming worldwide economy―greatly benefiting humanity. With a clear and conversational tone, exhaustive research, and vibrant illustrations by Zach Weinersmith, Open Borders makes the case for unrestricted immigration easy to follow and hard to deny.
La obra maestra de Maggie O'Farrell, un éxito de ventas internacional. Mejor novela de 2021 según el diario El País. Premio de la Crítica en Lengua Extranjera 2022. Premio Bookwire al Mejor Audiolibro en español de 2025 y mención Fabely, otorgada por votación directa de los oyentes. Adaptada al cine por Chloé Zhao. Premio Oscar a la Mejor Actriz 2026, entre otros galardones, a Jessie Buckley. MEJOR NOVELA DE 2021 SEGÚN EL DIARIO EL PAÍS. Agnes, una muchacha peculiar que parece no rendir cuentas a nadie y que es capaz de crear misteriosos remedios con sencillas combinaciones de plantas, es la comidilla de Stratford, un pequeño pueblo de Inglaterra. Cuando conoce a un joven preceptor de latín igual de extraordinario que ella, se da cuenta enseguida de que están llamados a formar una familia. Pero su matrimonio se verá puesto a prueba, primero por sus parientes y después por una inesperada desgracia. Partiendo de la historia familiar de Shakespeare, Maggie O’Farrell transita entre la ficción y la realidad para trazar una hipnótica recreación del suceso que inspiró una de las obras literarias más famosas de todos los tiempos. La autora, lejos de fijarse únicamente en los acontecimientos conocidos, reivindica con ternura las inolvidables figuras que habitan en los márgenes de la historia y ahonda en las pequeñas grandes cuestiones de cualquier existencia: la vida familiar, el afecto, el dolor y la pérdida. El resultado es una prodigiosa novela que ha cosechado un enorme éxito internacional y confirma a O’Farrell como una de las voces más brillantes de la literatura inglesa actual. «Lo que hace tan interesantes a las novelas de O'Farrell es su apuesta por cambiar siempre de ángulo o decidirse por el más inesperado, su estilo lírico y delicado aunque directo y estremecedor si hace falta, su atención al detalle producto de una evidente investigación profunda que, sin embargo, llega con gran naturalidad a la página. Esto es muy evidente en "Hamnet".» Mariana Enriquez (Página 12) «Lo maravilloso y muy meritorio de "Hamnet" es que Maggie O’Farrell vivifica a Shakespeare, el gran “monstruo de la naturaleza” del canon universal ―siempre desde una perspectiva anglosajona―, colocando en primer plano la domesticidad y utilizando como foco narrativo prioritario la figura de su esposa, aquí llamada Agnes. (…) un magnífico texto sobre el amor de una pareja disímil que, en su superación del duelo y en la metamorfosis de la existencia que comporta la muerte intempestiva, toma en apariencia caminos divergentes.» Marta Sanz (Babelia - El País) «Un prodigio literario que indaga en el origen del dolor y transita por las sendas más desconocidas del amor y la maternidad. Una historia extraordinaria, que mezcla realidad y ficción, llena de imaginación y empatía. Una maravilla.» Inés Martín Rodrigo (ABC Cultural) «"Hamnet" es modélica en el desarrollo de su trama y en el cuidado de su ambientación.» Antonio Lozano (Cultura/s – La Vanguardia) «"Hamnet" habla de la mortalidad y el duelo, sobre cómo lo procesa y deglute cada uno. Una novela magnífica por la construcción de personajes y por el prodigio de saber escarbar con respeto en los recovecos de la verdad histórica.» Olga Merino (El Periódico) «Una obra redonda, de enorme belleza. (…) Una gran historia, enormemente conmovedora, que indaga acertadamente en el dolor y la pérdida con una destreza y una sensibilidad sencillamente magistrales.» Sagrario Fernández-Prieto (La Razón) «Es una maravilla sensible y agridulce. La obra de una gran escritora y la prueba de que los grandes siempre tiene algo que contar.» Xavi Sancho (ICON – El País) «"Hamnet" juega con la historia de Shakespeare y Agnes, pero Maggie O'Farrell es capaz de llevarse la narración siempre a su terreno, al que mejor navega: el de las relaciones personales, el dolor y la maternidad. Esa es la gran fortaleza de esta novela hermosísima de prosa bellísima.» Lara Hermoso (Radio 3) «Una novela sencillamente colosal.» Javier García Recio (La Opinión de Málaga) «Una novela ambiciosa, de una riqueza literaria que deja boquiabierto a quien se enfrenta a su grandeza.» Sonia Fides (Heraldo de Aragón) «O'Farrell toma una historia reconocible y la hace sorprendentemente nueva a los ojos asombrados de los lectores. (…) La mejor novela de Maggie O’Farrell.» Luis M. Alonso (La Nueva España) «Su mejor novela hasta la fecha. "Hamnet" demuestra que siempre hay nuevas historias que contar. (...) Esto confirma a O’Farrell como una escritora de extraordinaria versatilidad – cualidades que comparte con William Shakespeare.» Stephanie Merritt (The Guardian) «Sobresaliente, preciosa, conmovedora (…) El libro de su vida. ¡Estoy tremendamente celosa!» Tracy Chevalier «Un extraordinario hito de la imaginación y la empatía.» The New York Times Book Review «Un regalo para los sentidos. Una novela muy especial.» The Sunday Times «Una historia emotiva y llena de intriga sobre la manera en que el dolor transforma brutalmente un matrimonio.» The Washington Post «Una saga familiar tan llena de vida, de magia y de afecto que desearía que fuera real. (...) Maravillosamente escrita.» The Boston Globe
“The landmark book that argued that psychiatry consistently expands its definition of mental illness to impose its authority over moral and cultural conflict.” — New York Times The 50th anniversary edition of the most influential critique of psychiatry every written, with a new preface on the age of Prozac and Ritalin and the rise of designer drugs, plus two bonus essays. Thomas Szasz's classic book revolutionized thinking about the nature of the psychiatric profession and the moral implications of its practices. By diagnosing unwanted behavior as mental illness, psychiatrists, Szasz argues, absolve individuals of responsibility for their actions and instead blame their alleged illness. He also critiques Freudian psychology as a pseudoscience and warns against the dangerous overreach of psychiatry into all aspects of modern life.
What distinguishes the truly exceptional from the merely great? After five years of writing The Profile, Polina Marinova Pompliano has studied thousands of the most successful and interesting people in the world and examined how they reason their way through problems, unleash their creativity, and perform under extreme pressure. The highest performers don’t use tricks or hacks to achieve greatness. They use mental frameworks that fundamentally change the way they see the world. They’ve learned how to unlock their hidden genius in order to reach their full potential. This book will help you do the same. After learning from the world’s most successful people featured inside, you will have a mental toolkit to help you tackle thorny problems, navigate relationships, and use creativity and resilience in times of uncertainty.
Transform Your Life with Dale Carnegie's Timeless Classic Are you ready to unlock the secrets to personal and professional success? Dale Carnegie's bestselling masterpiece, How to Win Friends & Influence People, has been helping millions of readers worldwide for decades-and now it's your turn! This life-changing guide is packed with actionable strategies to help you: Build meaningful relationships that expand your social and professional circle. Polish your communication skills to express ideas with clarity and confidence. Gain trust and influence others without creating resentment. Overcome challenges and develop the mental strength to stay motivated. What You'll Learn Master the Art of People Skills Discover Carnegie's proven techniques to handle people with ease, make a lasting impression, and win them over to your way of thinking. From fostering friendships to becoming a respected leader, this book provides all the tools you need. Timeless Principles for Success Learn how "You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you." These principles, just as relevant today as when they were first published, will help you navigate both personal and professional settings. Achieve Your Goals with Confidence Whether it's expanding your client base, earning more, or simply feeling more accomplished, Carnegie's step-by-step approach will make success seem effortless.
Two investment advisors present their predictions for the coming years and outline the practical consequences of adapting to the new global economy and the information age
#1 NEW YORK TIMES BESTSELLER / #1 WALL STREET JOURNAL BESTSELLER / #1 PUBLISHER'S WEEKLY BESTSELLER / #1 AMAZON BESTSELLER No American leader has accomplished more for his state than Governor Ron DeSantis. Now he reveals how he did it. He played baseball for Yale, graduated with honors from Harvard Law School, and served in Iraq and in the halls of Congress. But in all these places, Ron DeSantis learned the same lesson: He didn’t want to be part of the leftist elite. His heart was always for the people of Florida, one of the most diverse and culturally rich states in the union. Since becoming governor of the Sunshine State, he has fought—and won—battle after battle, defeating not just opposition from the political left, but a barrage of hostile media coverage proclaiming the end of the world. When he implemented COVID-19 policies based on evidence and focused on freedoms, the press launched a smear campaign against him, yet Florida’s economy thrived, its education system outperformed the nation, and Florida’s COVID mortality rate for seniors was lower than that in thirty-eight states. When he enacted policies to keep leftist political concepts like critical race theory and woke gender ideology out of Florida’s classrooms, the media demagogued his actions, but parents across Florida rallied to his cause. Dishonest attacks from the media don’t deter him. In fact, DeSantis keeps racking up wins for Floridians. In 2022, the governor delivered a historic, record-setting victory, winning by nearly 20 points and more than 1.5 million votes. A firsthand account from the blue-collar boy who grew up to take on Disney and Dr. Fauci, The Courage to Be Free delivers something rare from an elected leader: stories of victory. This book is a winning blueprint for patriots across the country. And it is a rallying cry for every American who wishes to preserve our liberties. This is more than a memoir—it’s a playbook for victory. * Conservative Leadership: From the ball fields of Yale to the halls of Congress and the battlefields of Iraq, discover the firsthand account of how a blue-collar kid developed the courage to lead. * Fighting Woke Ideology: Go behind the scenes of the battles against leftist concepts like critical race theory and woke corporations like Disney, and learn how to win the fight for common sense. * Economic Freedom: Learn the principles behind Florida’s thriving economy, which outperformed the nation by rejecting disastrous lockdowns and focusing on individual liberty. * An American Revival: A detailed blueprint for patriots on how to defeat the leftist elite, stand up to a hostile media, and preserve American liberties for future generations.
BLACK & WHITE VERSION Peercoin (PPC) is a decentralised cryptocurrency similar to Bitcoin. It was the first cryptocurrency to introduce a new form of timestamping (proof of stake) that allows users of the wallet to receive a 1% rate of return on their holdings per year. This book is a detailed history of the first year of Peercoin up to the 19th of August 2013 (the time at which the blockchain had been usable for one year by the general public).
[Read by William Hughes] An unimpeachable classic work in political philosophy, intellectual and cultural history, and economics, The Road to Serfdom has inspired and infuriated politicians, scholars, and general readers for half a century. Originally published in 1944 -- when Eleanor Roosevelt supported the efforts of Stalin, and Albert Einstein subscribed lock, stock, and barrel to the socialist program -- The Road to Serfdom was seen as heretical for its passionate warning against the dangers of state control over the means of production. For F. A. Hayek, the collectivist idea of empowering government with increasing economic control would lead not to a utopia but to the horrors of Nazi Germany and Fascist Italy. First published by the University of Chicago Press on September 18, 1944, The Road to Serfdom garnered immediate, widespread attention. The first printing of 2,000 copies was exhausted instantly, and within six months more than 30,000 books were sold. In April 1945, Reader's Digest published a condensed version of the book, and soon thereafter the Book-of-the-Month Club distributed this edition to more than 600,000 readers. A perennial bestseller, the book has sold 400,000 copies in the United States alone and has been translated into more than twenty languages, along the way becoming one of the most important and influential books of the century. With this new edition, The Road to Serfdom takes its place in the series The Collected Works of F. A. Hayek. The volume includes a foreword by series editor and leading Hayek scholar Bruce Caldwell explaining the book's origins and publishing history and assessing common misinterpretations of Hayek's thought. Caldwell has also standardized and corrected Hayek's references and added helpful new explanatory notes. Supplemented with an appendix of related materials ranging from prepublication reports on the initial manuscript to forewords to earlier editions by John Chamberlain, Milton Friedman, and Hayek himself, this new edition of The Road to Serfdom is be the definitive version of Hayek's enduring masterwork.