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.
Sequel to national bestseller, Nebula Award finalist, and Compton Crook Award winner Fire with Fire. Science fiction adventure on a grand scale. When reluctant interstellar diplomat and intelligence operative Caine Riordan returns from humanity’s first encounter with alien races, sudden war clouds burst. With Earth’s fleet shattered by a sneak attack and its survivors fighting for their lives, Caine must rely upon both his first contact and weaponry skills to contend with the non-humanoid enemy. And when the technologically-superior attackers sweep aside the solar system’s last defenses, and traitorous corporations invite the invaders to land "security forces," humanity fights back with its best weapons: cunning, inventiveness, and guts. But as Earth hurtles towards a final trial by fire that is certain to scar its collective memory, Caine discovers that there may also be large and disturbing gaps in that memory. Clues point to a much earlier inter-species apocalypse, buried in humanity’s own prehistory. Which raises a terrifying possibility: what if the aliens' invasion of Earth is not one of conquest, but preemption? And what if their harrowing memories of a long-past cataclysmic war makes them willing to do anything to keep it from reigniting? Even if that means exterminating the human race. About Trial by Fire: "Gannon's whiz-bang second Tales of the Terran Republic interstellar adventure delivers on the promise of the first (Fire with Fire). . . . The charm of Caines harrowing adventure lies in Gannons attention to detail, which keeps the layers of political intrigue and military action from getting too dense. The dozens of key characters, multiple theaters of operations, and various alien cultures all receive the appropriate amount of attention. The satisfying resolution is enhanced by the promise of more excitement to come in this fascinating far-future universe." —Publishers Weekly, starred review " . . . offers the type of hard science-fiction those familiar with the John Campbell era of Analog Science Fiction will remember.Gannon throws his readers into an action-packed adventure. A sequel to Fire With Fire, it is a nonstop tale filled with military science-fiction action." —Daily News of Galveston County "[A] white-knuckle adventure . . . with real stakes, and sets up the next challenge for the newly named Terran Republic. Gannon is making it easy for me to meet my goal of reading more military SF this year." —Fantasy Literature Review About Compton Crook award winner for best first novel, Fire with Fire: “Chuck Gannon is one of those marvelous finds—someone as comfortable with characters as he is with technology, and equally adept at providing those characters with problems to solve. Imaginative, fun, and not afraid to step on the occasional toe or gore the occasional sacred cow, his stories do not disappoint.” —David Weber "If we meet strong aliens out there, will we suffer the fate of the Aztecs and Incas, or find the agility to survive? Gannon fizzes with ideas about the dangerous politics of first contact.” —David Brin "The plot is intriguing and then some. Well-developed and self-consistent; intelligent readers are going to like it." —Jerry Pournelle "[T]he intersecting plot threads, action and well-conceived science kept those pages turning." —SF Crowsnest About Starfire series hit, Extremis, coauthored by Charles E. Gannon: “Vivid. . . Battle sequences mingle with thought-provoking exegesis . . .” —Publishers Weekly "It’s a grand, fun series of battles and campaigns, worthy of anything Dale Brown or Larry Bond ever wrote." —Analog About Charles E. Gannon: "[A] strong [writer of] . . . military SF. . .[much] action going on in his work, with a lot of physics behind it. There is a real sense of the urgency of war and the sacrifices it demands." —Locus
The Reign of Quantity and the Signs of the Times is René Guénon's most prophetic work. Having seen his telling analysis of Western culture, The Crisis of the Modern World, swiftly overtaken by events, he based this his final and most profound critique squarely on changeless metaphysical principles. He exposes with his fabled clarity the precise nature of the modern deviation, devoting special attention to the part played by modern philosophy and science (with their accompanying notions of progress and evolution) in the formation of the industrial and democratic society that we now regard as "normal." He sees history as a descent from Form (or Quality) toward Matter (or Quantity). But following after the Reign of Quantity (modern materialism and the "rise of the masses"), Guénon predicts a reign of "inverted quality" just before the end of the age: the triumph of the "counter-initiation" the kingdom of Antichrist. Although Guénon bases his critique on "abstract" principles, his examples are satisfyingly concrete: his remarks on "the degeneration of coinage" could easily be updated to include the transformation of money into electronically-stored digital information; his treatment of "the significance of metallurgy" as regards its occult dangers points directly to our own well-founded fear of such man-made elements as plutonium; and his chapter on the "cracks in the Great Wall" gives solid metaphysical grounding to our twenty-first century demonology, including the UFO phenomenon. This text is considered the magnum opus among Guénon's works of civilizational criticism, as is Symbols of Sacred Science among his studies on symbols and cosmology, and Man and His Becoming according to the Vedanta among his more purely metaphysical works. The Reign of Quantity gives a concise but comprehensive view of the present state of affairs in the world, as it appears from the point of view of the 'ancient wisdom', formerly common both to the East and to the West, but now almost entirely lost sight of. The author indicates with his fabled clarity and directness the precise nature of the modern deviation, and devotes special attention to the development of modern philosophy and science, and to the part played by them, with their accompanying notions of progress and evolution, in the formation of the industrial and democratic society which we now regard as 'normal'. Guénon sees history as a descent from Form (or Quality) toward Matter (or Quantity); but after the Reign of Quantity-modern materialism and the 'rise of the masses'-Guénon predicts a reign of 'inverted quality' just before the end of the age: the triumph of the 'counter-initiation', the kingdom of Antichrist. This text is considered the magnum opus among Guénon's texts of civilizational criticism, as is Symbols of Sacred Science among his studies on symbols and cosmology, and Man and His Becoming according to the Vedanta among his more purely metaphysical works.
Niccolò Machiavelli’s The Prince is one of the most influential works in the history of political thought and the adjective Machiavellian is well-known and perhaps even over-used. So why does the meaning of the text continue to be debated to the present day? And how does a contemporary reader get to grips with a book full of references to the politics of the early 16th Century? The Routledge Guidebook to Machiavelli’s The Prince provides readers with the historical background, textual analysis, and other relevant information needed for a greater understanding and appreciation of this classic text. This guidebook introduces: * the historical, political and intellectual context in which Machiavelli was working * the key ideas developed by Machiavelli throughout the text and the examples he uses to illustrate them * the relationship of The Prince to The Discourses and Machiavelli’s other works Featuring a timeline, maps and suggestions for further reading throughout, this book is an invaluable guide for anyone who wants to be able to engage more fully with The Prince.
In this instant New York Times bestseller, renowned economist Thomas Sowell demolishes the myths that underpin the social justice movement “Light on rhetoric, seriously heavy on data, and accessible in style, there is a reason why Sowell has been described as ‘among the most brilliant thinkers in the world today’ by Harvard University’s Steven Pinker and an ‘American sage’ by the Wall Street Journal.” – Washington Examiner The quest for social justice is a powerful crusade of our time, with an appeal to many different people, for many different reasons. But those who use the same words do not always present the same meanings. Clarifying those meanings is the first step toward finding out what we agree on and disagree on. From there, it is largely a question of what the facts are. Social Justice Fallacies reveals how many things that are thought to be true simply cannot stand up to documented facts, which are often the opposite of what is widely believed. However attractive the social justice vision, the crucial question is whether the social justice agenda will get us to the fulfillment of that vision. History shows that the social justice agenda has often led in the opposite direction, sometimes with catastrophic consequences. More things are involved besides simply mistakes. All human beings are fallible, and social justice advocates may not necessarily make any more mistakes than others. But crusaders with an utter certainty about their mission are often undeterred by obstacles, evidence or even fatal dangers. That is where much of the Western world is today. The question is whether we will continue on heedlessly, past the point of no return.
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.
Young readers can’t get enough of the action-packed and side-splitting Diary of a Roblox Noob series! Set in the beloved world of Roblox, the Diary of a Roblox Noob stories take kids on a journey, along with good-hearted and hilarious Noob and a cast of wacky characters, to escape gaming-centric scenarios full of peril and thrills! A world they already love… Is your house full of chatter about Roblox games? Does your child wish for new Roblox games for every holiday? Add Roblox story books to the mix with these epic adventure stories featuring familiar Roblox games that keep kids in the world of Roblox — without a keyboard or controller. Perfect for reluctant readers… Propulsive plots and silly humor make the Diary of a Roblox Noob stories surefire page-turners. Take a break from your endless search for engaging stories for young readers and give them a series they won’t be able to put down — especially if they love chapter books like Diary of a Wimpy Kid. Perfect for holiday gifting, this boxed set contains 5 full-length Diary of a Roblox Noob story books! Spend less than you would buying each title individually — and at over 580 pages, this omnibus will keep even the most voracious reader busy! 5 ADVENTURE STORY BOOKS: 1. PIGGY: A spooky tale (perfect for Halloween!) with just the right mix of chills, humor, and - of course - adventure! 2. BEE SWARM SIMULATOR 3. MAD CITY 4. RO-GHOUL 5. CHRISTMAS SPECIAL: Noob is thrown into a race against time to save Christmas! More than 10,000 Goodreads reviewers can’t be wrong! Get your copy now, and combine reading and gaming with this immersive and exciting series! [NOT An Official Roblox Product]
“Stasiland demonstrates that great, original reporting is still possible. . . . A heartbreaking, beautifully written book. A classic.” — Claire Tomalin, Guardian “Books of the Year” Winner of the Samuel Johnson Prize for Non-Fiction: a powerfully moving account of people who heroically resisted the communist dictatorship of East Germany, and of people who worked for its secret police, the Stasi. Anna Funder delivers a prize-winning and powerfully rendered account of the resistance against East Germany’s communist dictatorship in these harrowing, personal tales of life behind the Iron Curtain—and, especially, of life under the iron fist of the Stasi, East Germany’s brutal state security force. In thetradition of Frederick Taylor’s The Berlin Wall and Philip Gourevitch’s We Wish to Inform You That Tomorrow We Will be Killed With Our Families, Funder’s Stasiland is a masterpiece of investigative reporting, written with novelistic vividness and the compelling intensity of a universal, real-life story.
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
"He was the most important scholar of privacy since Louis Brandeis."—Jeffrey Rosen In defining privacy as “the claim of individuals…to determine for themselves when, how and to what extent information about them is communicated,” Alan Westin’s 1967 classic Privacy and Freedom laid the philosophical groundwork for the current debates about technology and personal freedom, and is considered a foundational text in the field of privacy law. By arguing that citizens retained control over how their personal data was used, Westin redefined privacy as an individual freedom, taking Justice Louis Brandeis’ 19th century definition of privacy as a legal right and expanding it for use in modern times. Westin’s ideas transformed the meaning of privacy, leading to a spate of privacy laws in the 1970s, as well as prefiguring the arguments over privacy that have come to dominate the internet era. This all new edition of Privacy and Freedom features an introduction by Daniel J. Solove, John Marshall Harlan Research Professor of Law at the George Washington University Law School.