The reliance traders put on such quantitative analysis was catastrophic for the economy, setting off the series of financial crises that began to erupt in 2007 with the mortgage crisis and from which we're still recovering. Here Derman looks at why people--bankers in particular--still put so much faith in these models, and why it's a terrible mistake to do so.Though financial models imitate the style of physics by using the language of mathematics, ultimately they deal with human beings. Their similarity confuses the fundamental difference between the aims and possible achievements of the phsyics world and that of the financial world. When we make a model involving human beings, we are trying to force the ugly stepsister's foot into Cinderella's pretty glass slipper.  It doesn't fit without cutting off some of the essential parts. Physicists and economists have been too enthusiastic to recognize the limits of their equations in the sphere of human behavior--which of course is what economics is all about.  Models.Behaving.Badly. includes a personal account Derman's childhood encounter with failed models--the utopia of the kibbutz, his experience as a physicist on Wall Street, and a look at the models quants generated: the benefits they brought and the problems they caused. Derman takes a close look at what a model is, and then he highlights the differences between the success of modeling in physics and its relative failure in economics.  Describing the collapse of the subprime mortgage CDO market in 2007, Derman urges us to stop relying on these models where possible, and offers suggestions for mending these models where they might still do some good.  This is a fascinating, lyrical, and very human look behind the curtain at the intersection between mathematics and human nature.

    It is up to you.Eddie Jaku always considered himself a German first, a Jew second. He was proud of his country. But all of that changed in November 1938, when he was beaten, arrested and taken to a concentration camp.Over the next seven years, Eddie faced unimaginable horrors every day, first in Buchenwald, then in Auschwitz, then on a Nazi death march. He lost family, friends, his country.Because he survived, Eddie made the vow to smile every day. He pays tribute to those who were lost by telling his story, sharing his wisdom and living his best possible life. He now believes he is the 'happiest man on earth'.Published as Eddie turns 100, this is a powerful, heartbreaking and ultimately hopeful memoir of how happiness can be found even in the darkest of times.

    So opens the singular testimony of the poet Thomas Lynch who like many poets is inspired by death, but unlike the others, he is also hired to bury the dead or to cremate them and to tend to their families in a small Michigan town where he serves as the funeral director. In the conduct of these duties he has kept his eyes open, his ears tuned to the indispensable vernaculars of love and grief. Here is the voice of both witness and functionary. Lynch stands between the living and the living who have died with outrage and amazement, awe and calm, straining for the brief glimpse we all get of what mortality means to a vital species.

    The book opens with his father's fond, vivid portrait of his son - a young man of extraordinary intellectual promise, who excelled at physics, math, and chess, but was also an active, good-hearted, and fun-loving kid. But the heart of the book is a description of the agonized months during which Gunther and his former wife Frances try everything in their power to halt the spread of Johnny's cancer and to make him as happy and comfortable as possible. In the last months of his life, Johnny strove hard to complete his high school studies. The scene of his graduation ceremony from Deerfield Academy is one of the most powerful - and heartbreaking - in the entire book. Johnny maintained his courage, wit and quiet friendliness up to the end of his life. He died on June 30, 1947, less than a month after graduating from Deerfield.

    They became wildly successful writing partners when they moved to Los Angeles and co-wrote screenplays and adaptations together. Didion is well-known for her literary journalistic style in both fiction and non-fiction. Some of her most-notable work includes Slouching Towards Bethlehem, Run River, and The Year of Magical Thinking, a National Book Award winner and shortlisted for the Pulitzer Prize, it dealt with the grief surrounding Didion after the loss of her husband and daughter. Daugherty takes readers on a journey back through time, following a young Didion in Sacramento, through to her adult life as a writer interviewing those who know and knew her personally, while maintaining a respectful distance from the reclusive literary great. The Last Love Song reads like fiction; lifelong fans, and readers learning about Didion for the first time will be enthralled with this impressive tribute.

    In Myself When Young, based on diaries she kept between 1920 and 1932, du Maurier probes her own past, beginning with her earliest memories and encompassing the publication of her first book and her marriage. Often painfully honest, she recounts her difficult relationship with her father, her education in Paris, her early love affairs, her antipathy towards London life, and her desperate ambition to succeed as a writer. The resulting self-portrait is of a complex, utterly captivating young woman.

    Drawing on the lives of his Greek friends, as well as philosophers ranging from Epicurus to Sartre, Klein learns to appreciate old age as a distinct and extraordinarily valuable stage of life. He uncovers simple pleasures that are uniquely available late in life, as well as headier pleasures that only a mature mind can fully appreciate. A travel book, a witty and accessible meditation, and an optimistic guide to living well, Travels with Epicurus is a delightful jaunt to the Aegean and through the terrain of old age led by a droll philosopher. A perfect gift book for the holidays, this little treasure is sure to please longtime fans of Plato and a Platypus Walk into a Bar and garner new ones, young and old.

    With a voice like Ace Frehley's guitar, Klosterman hacks his way through hair-band history, beginning with that fateful day in 1983 when his older brother brought home Mötley Crüe's Shout at the Devil. The fifth-grade Chuck wasn't quite ready to rock -- his hair was too short and his farm was too quiet -- but he still found a way to bang his nappy little head. Before the journey was over, he would slow-dance to Poison, sleep innocently beneath satanic pentagrams, lust for Lita Ford, and get ridiculously intellectual about Guns N' Roses. C'mon and feel his noize.

    He changed the world of sports and went on to change the world itself. As Muhammad Ali, he would become the most recognized face on the planet. Ali was a transcendent athlete and entertainer, a heavyweight Fred Astaire, a rapper before rap was born. He was a mirror of his era, a dynamic figure in the racial and cultural battles of his time. This unforgettable story of his rise and self-creation, told by a Pulitzer Prize-winning writer, places Ali in a heritage of great American originals. Cassius Clay grew up in the Jim Crow South and came of athletic age when boxers were at the mercy of the mob. From the start, Clay rebelled against everything and everyone who would keep him and his people down. He refused the old stereotypes and refused the glad hand of the mob. And, to the confusion and fury of white sportswriters, who were far more comfortable with the self-effacing Joe Louis, Clay came forward as a rebel, insistent on his political views, on his new religion, and, eventually, on a new name. His rebellion nearly cost him the chance to fight for the heavyweight championship of the world. King of the World features some of the pivotal figures of the 1960s--Malcolm X, Elijah Muhammad, John F. Kennedy--and its pivotal events: the civil rights movement, political assassinations, the war in Vietnam. Muhammad Ali is a great hero and a beloved figure in American life. King of the World takes us back to the days when his life was a series of battles, inside the ring and out. A master storyteller at the height of his powers, David Remnick has written a book worthy of America's most dynamic modern hero.

    And he's come up with some answers. Or at least his answers. In more than two dozen essays that investigate everything from the differences between how Christians and Jews celebrate their holidays, to the politics of faith, to people's individual search for transcendence, Black explores his unique odyssey through religion and belief.Growing up as a nonpracticing Jewish kid near Washington, D.C., during the 1950s, Black survived Hebrew school and a bar mitzvah (barely), went to college in the South during the tumultuous 1960s, and witnessed firsthand the unsettling parallels between religious rapture and drug-induced visions (even if none of his friends did). He explored the self-actualization movements of the 1970s (and the self-indulgence that they produced), and since then has turned an increasingly skeptical eye toward the politicians and televangelists who don the cloak of religiouos rectitude to mask their own moral hypocrisy.What he learned along the way about the inconsistencies and peculiarities of religion infuriated Black, and in Me of Little Faith he gives full vent to his comedic rage. Black explores how the rules and constraints of religion have affected his life and the lives of us all. Hilarious experiences with rabbis, Mormons, gurus, psychics, and even the joy of a perfect round of golf give Black the chance to expound upon what we believe and why—in the language of a shock jock and with the heart of an iconoclast."To put it as simply as I can," Black writes, "this is a book about my relationship with religion, where my—dare I say it?—spiritual journey has taken me...what it's meant and not meant to me, and why it makes me laugh." By the end of Me of Little Faith, you'll be a convert.

    Now, for the first time, perhaps the most brilliant cosmologist of our age turns his gaze inward for a revealing look at his own life and intellectual evolution. My Brief History recounts Stephen Hawking’s improbable journey, from his postwar London boyhood to his years of international acclaim and celebrity. Lavishly illustrated with rarely seen photographs, this concise, witty, and candid account introduces readers to a Hawking rarely glimpsed in previous books: the inquisitive schoolboy whose classmates nicknamed him Einstein; the jokester who once placed a bet with a colleague over the existence of a particular black hole; and the young husband and father struggling to gain a foothold in the world of physics and cosmology. Writing with characteristic humility and humor, Hawking opens up about the challenges that confronted him following his diagnosis of ALS at age twenty-one. Tracing his development as a thinker, he explains how the prospect of an early death urged him onward through numerous intellectual breakthroughs, and talks about the genesis of his masterpiece A Brief History of Time—one of the iconic books of the twentieth century. Clear-eyed, intimate, and wise, My Brief History opens a window for the rest of us into Hawking’s personal cosmos.

    Its exciting account of air adventure, combined with lyrical prose and the spirit of a philosopher, makes it one of the most popular works ever written about flying. Translated by Lewis Galantière.

    Here is the book that Rolling Stone called "the first Doors biography that feels like it was written for the right reasons, and it is easily the most informed account of the Doors' brief but brilliant life as a group".

    It was the first time Rushdie heard the word fatwa. His crime? To have written a novel called The Satanic Verses, which was accused of being “against Islam, the Prophet, and the Quran.” So begins the extraordinary story of how a writer was forced underground, moving from house to house, with the constant presence of an armed police protection team. Rushdie was asked to choose an alias that the police could call him by. He thought of writers he loved and various combinations of their names. Then it came to him: Conrad and Chekhov—Joseph Anton. How do a writer and his family live with the threat of murder for more than nine years? How does he go on working? How does he fall in and out of love? How does despair shape his thoughts and actions, and how does he learn to fight back? In this remarkable memoir, Rushdie tells that story for the first time; the story of the crucial battle for freedom of speech. He shares the sometimes grim, sometimes comic realities of living with armed policemen, and the close bonds he formed with his protectors; of his struggle for support and understanding from governments, intelligence chiefs, publishers, journalists, and fellow writers; and of how he regained his freedom. Compelling, provocative, and moving, Joseph Anton is a book of exceptional frankness, honesty, and vital importance. Because what happened to Salman Rushdie was the first act of a drama that is still unfolding somewhere in the world every day.

    Jen’s still a little rough around the edges. Suffice it to say, she’s no Martha Stewart. And that is exactly why Jen is going to Martha up and live her life according to the advice of America’s overachieving older sister—the woman who turns lemons into lavender-infused lemonade.By immersing herself in Martha’s media empire, Jen will embark on a yearlong quest to take herself, her house, her husband (and maybe even her pets) to the next level—from closet organization to craft making, from party planning to kitchen prep.Maybe Jen can go four days without giving herself food poisoning if she follows Martha’s dictates on proper storage....Maybe she can grow closer to her girlfriends by taking up their boring-ass hobbies like knitting and sewing.…Maybe she can finally rid her workout clothes of meatball stains by using Martha’s laundry tips.… Maybe she can create a more meaningful anniversary celebration than just getting drunk in the pool with her husband....again. And maybe, just maybe, she’ll discover that the key to happiness does, in fact, lie in Martha’s perfectly arranged cupboards and artfully displayed charcuterie platters.Or maybe not.