The (Mis)Behavior of Markets


Benoît B. Mandelbrot - 1997
    Mandelbrot, one of the century's most influential mathematicians, is world-famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these classic lines we can now add another example: Markets are not the safe bet your broker may claim. In his first book for a general audience, Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behavior of markets-a set of mathematical assumptions a century old and still learned by every MBA and financier in the world-simply does not work. As he did for the physical world in his classic The Fractal Geometry of Nature, Mandelbrot here uses fractal geometry to propose a new, more accurate way of describing market behavior. The complex gyrations of IBM's stock price and the dollar-euro exchange rate can now be reduced to straightforward formulae that yield a far better model of how risky they are. With his fractal tools, Mandelbrot has gotten to the bottom of how financial markets really work, and in doing so, he describes the volatile, dangerous (and strangely beautiful) properties that financial experts have never before accounted for. The result is no less than the foundation for a new science of finance.

The Bitcoin Standard: The Decentralized Alternative to Central Banking


Saifedean Ammous - 2018
    Can this young upstart money challenge the global monetary order? Economist Saifedean Ammous traces the history of the technologies of money to seashells, limestones, cattle, salt, beads, metals, and government debt, explaining what gave these technologies their monetary role, what makes for sound money, and the benefits of a sound monetary regime to economic growth, innovation, culture, trade, individual freedom, and international peace.The monetary and historical analysis sets the stage for understanding the mechanics of the operation of Bitcoin, the reasons for its initial success, and the role it could play in an information economy. Rather than serving as a currency and network for consumer purchases, the author argues Bitcoin is better suited as a store of value and network for settlement between large financial institutions. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin's true importance may just lie in providing a decentralized, neutral, free-market alternative to national central banks.

The Only Guide to a Winning Investment Strategy You'll Ever Need: The Way Smart Money Invests Today


Larry E. Swedroe - 1998
    Swedroe describes the crucial difference between "active" and "passive" mutual funds, and tells you how you can win the investment game through long-term investments in such indexes as the S&P 500 instead of through the active buying and selling of stocks. A revised and updated edition of an investment classic, "The Only Guide to a Winning Investment Strategy You'll Ever Need" remains clear, understandable, and effective. This edition contains a new chapter comparing index funds, ETFs, and passive asset class funds, an expanded section on portfolio care and maintenance, the addition of Swedroe's 15 Rules of Prudent Investing, and much more. In clear language, Swedroe shows how the newer index mutual funds out-earn, out-perform, and out-compound the older funds, and how to select a balance "passive" portfolio for the long hail that will repay you many times over. This indispensable book also provides you with valuable information about: - The efficiency of markets today- The five factors that determine expected returns of a balanced equity and fixed income portfolio- Important facts about volatility, return, and risk- Six steps to building a diversified portfolio using Modern Portfolio Theory- Implementing the winning strategy- and more.

Think Twice: Harnessing the Power of Counterintuition


Michael J. Mauboussin - 2009
    The harsh truth is that they mismanage many of those choices, even though they have the right intentions. These blunders take a huge toll on leaders, their organizations, and the people they serve.Why is it so hard to make sound decisions? We fall victim to simplified mental routines that prevent us from coping with the complex realities inherent in important judgment calls. Yet these cognitive errors are preventable. In Think Twice, Michael Mauboussin shows you how to recognize-and avoid-common mental missteps, including:-Misunderstanding cause-and-effect linkages-Aggregating micro-level behavior to predict macro-level behavior-Not considering enough alternative possibilities in making a decision-Relying too much on expertsSharing vivid stories from business and beyond, Mauboussin offers powerful rules for avoiding each error. And he explains how to know when it's time to think twice-to question your reasoning and adopt decision-making strategies that are far more effective, even if they seem counterintuitive.Master the art of thinking twice, and you'll start spotting dangerous mental errors-in your own decisions and in those of others. Equipped with this awareness, you'll soon begin making sounder judgment calls that benefit (rather than hurt) your organization.

Escape to Exile


B.N. Rundell - 2020
    One man from prominent social standing, the other with a life of practical experience, are soon joined in life building adventures.That journey would be fraught with danger, excitement, and adventure as they face bounty hunters, renegade Shawnee and Delaware Indians, and river pirates. The odds are stacked against the two young men that were lacking in worldly wisdom when it came to life on the frontier. But that reservoir of experience would soon be overflowing with first-hand involvement in happenings that even young dreamers could never imagine.

Mom of the Year


Denise Pischinger - 2013
    You'll laugh, cry and phone a friend about Mom of the Year--the debut title from the new literary genre, Script Lit. Janie Parker rules the school at Parkside Elementary, though she’s not even a student. She’s a volunteer room mother, tirelessly pouring her blood, sweat and tears into every perfect detail of every party or project for her daughter’s class. And she does it all for…GASP…the glory. Her over-the-top antics alienate her daughter, Kelsey, who isn’t anything like her mother. So when Janie’s husband, Greg, announces the family must relocate to Houston in the middle of the school year, Kelsey sees the opportunity to start over. Janie, however, sees the end of her legacy as the most fabulous, glorified volunteer in the history of public schools. As if that isn’t horrifying enough, the family’s move to Houston forces Janie to live in the same town as her own mother, Helen, whom she despises. When they arrive at Kelsey’s new school, Bear Branch Elementary, Janie discovers some silver lining – their new school district annually crowns a “Mom of the Year.” Janie soon meets her match in Lanette Middleton, the class room mother and reigning Mom of the Year. Lanette makes it clear there is no room for Janie at Bear Branch. After one too many insults, Janie fights back...and the competition is ON!

How to Get Rich


Felix Dennis - 2007
    And if someone like me can become rich, then so can you - no matter what your present circumstances. Here is how I did it and what I learned along the way.' So writes Felix Dennis, who believes that almost anyone of reasonable intelligence can become rich, given sufficient motivation and application. How To Get Rich is a distillation of his business wisdom. Primarily concerned with the step-by-step creation of wealth, it ruthlessly dissects the business failures and financial triumphs of 'a South London lad who became rich virtually by accident'. Part manual, part memoir, part primer, this book is a template for those who are willing to stare down failure and transform their lives.Canny, infuriating, cynical and generous by turns, How To Get Rich is an invaluable guide to 'the surprisingly simple art of collecting money which already has your name on it'.

Can't Pay, Won't Pay: The Case for Economic Disobedience and Debt Abolition


Debt Collective - 2020
    This concise, energetic manifesto from the Debt Collective is in equal parts informative and inspiring, and is sure to become a crucial reference point for activists and debt cancellation campaigners. Includes a foreword from Debt Collective co-founder and acclaimed activist-author, documentarian, and musician Astra Taylor.

Profit From The Panic


Adam Khoo - 2009
    

Amaze Yourself: Take a Quantum Leap...


Jill Ammon-Wexler - 2012
    Plus no matter how “limited” or “challenged” you might think you are, there’s a charismatic, confident and far more capable version of you just waiting for an invitation to emerge.This book is a SELF DISCOVERY adventure crafted by a pioneer brain/mind researcher and mind power mentor to thousands of people from around the world. You'll discover why it’s perfectly OK to be “imperfect” … proof you can LEARN TO THINK LIKE A GENIUS … an amazing way to “fake” your way to GENUINE HAPPINESS LITERALLY OVERNIGHT … what stress really is and how to tame it … PROOF you have extra-sensory powers … how to STOP MENTAL AGING …. why feeling restlessness and stuck is a very good thing … how to EXPERIENCE "THE FLOW" and much more.Finally … you will follow a step-by-step guide straight into a VERY REAL QUANTUM LEAP. If you want more in your life, this book will give you a very real road map! COMMIT TO CREATE A FAR MORE MEANINGFUL LIFE EXPERIENCE!

The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution


Gregory Zuckerman - 2019
    No other investor--Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros--can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars.Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that's sweeping the world.As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump's victorious 2016 effort. Mercer also impacted the campaign behind Brexit.The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It's also a story of what Simons's revolution means for the rest of us.

No B.S. Marketing To the Affluent: No Holds Barred Kick Butt Take No Prisoners Guide to Getting Really Rich


Dan S. Kennedy - 2008
    Kennedy explains how businesses small and large can adapt in the coming years by tapping into the affluent consumer segment--consumers with an unprecedented willingness to buy.

The Writers' and Artists' Yearbook Guide to Getting Published: The Essential Guide for Authors


Harry Bingham - 2010
    Together with interviews from authors, agents and publishers (including the CEO of Harper Studio, and the Editorial Director of Macmillan New Writing) as well as buyers from Waterstones and Asda, it offers advice on:* finding an agent or publisher * successful approaches for covering letters and synopses* understanding contractual terms * working with publishers and the editorial process * your role in helping to publicise your workThe Writers' and Artists' Yearbook Guide to Getting Published will enable you to market your work more professionally, understand the relationship you will have with both agent and publisher and offers a contemporary inside view of the publishing industry. Along with the essential contacts in the Writers' and Artists' Yearbook, this is a professional tool you will not want to be without.

Leading an Inspired Life


Jim Rohn - 1996
    Ideas that have helped successful people accomplish their goals, achieve certain wealth and experiences greater joy and stisfaction in their lives.

Automatic Income: How to Use the Power of Dividend Investing to Beat the Market and Generate Passive Income for Life (Wealth Building Series)


Matthew Paulson - 2016
    Written by the founder and editor of MarketBeat, a daily investment newsletter with more than 425,000 subscribers, this invaluable resource will show you how to identify investments that offer lower volatility, higher returns and an automatic income stream of dividends that you can live off of during retirement. This strategy is easy to implement and will set you off on a path toward true financial independence. Here's what you'll learn: How you can create an automatic income stream you can actually live on during retirement. How to build an investment portfolio of rock-solid companies that outperform the S&P 500. What criteria can identify dividend stocks that consistently return 10% or more per year. Which newsletters, websites and other resources you should use to research dividend stocks. Why you won't be tempted to cash out your dividend stock portfolio during the next recession. How to reduce your tax bill by choosing the right dividend investments and the right accounts. Why dividend-growth investing is superior to traditional income investing strategies. Market risk is near an all-time high and interest rates are at a historic low. There has never been a better time to switch to a more sensible wealth-generation strategy. If you want to improve your market returns, spend less time worrying about money and achieve true financial independence, this book is for you.