A must-read for anyone who makes business decisions that have a major financial impact.As the recent collapse on Wall Street shows, we are often ill-equipped to deal with uncertainty and risk. Yet every day we base our personal and business plans on uncertainties, whether they be next month’s sales, next year’s costs, or tomorrow’s stock price. In The Flaw of Averages, Sam Savageknown for his creative exposition of difficult subjects describes common avoid...

For Abe Dubinski and his family, life on the canal is both peaceful and productive. Employed as a lock tender, Abe is responsible for the safe passage of barges carrying anthracite from Pennsylvania to New York. When the canal company announces its plan to close the canal in 1933, Abe worries about his job and his company home. Still, in his heart, he knows that his family will be okay. But the peace is shattered when a Nazi youth camp opens on the banks of the canal. Under the direction o...

Issue Nº21 features:A new "Lewis" novella by Nick PetrieA curated collection of short fiction including stories by Reed Farrel Coleman, Art Taylor, Alan Orloff, Sharon Hunt, Albert Kanach, and Jeff Markowitz.Essays, Interviews and Reviews by Heather Levy, Zakariah Johnson, and Dale Davis.Art and Photography by Arturo Arvizu, Kseniia Nikitina, and Bade Fuwa.This issue also features a preview of the new graphic novel "Where The Body Was" by award-winni...

The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar.The U.S. dollar has been the global reserve currency since the end of World War II. If the dollar fails, the entire international monetary system will fail with it. But optimists have always said, in essence, that confidence in the dollar will neve...

An instant classic in the vein of Jurassic Park, this boundary-pushing novel has all the hallmarks of Michael Crichton’s greatest adventures with its combination of pulse-pounding thrills, cutting-edge technology, and extraordinary researchThree men are found dead in a locked second-floor office in Honolulu. There is no sign of struggle, though their bodies are covered in ultra-fine, razor-sharp cuts. With no evidence, the police dismiss it as a bizarre suicide pact. But the murder...

An essential guide to the calibrated risk analysis approachThe Failure of Risk Management takes a close look at misused and misapplied basic analysis methods and shows how some of the most popular "risk management" methods are no better than astrology! Using examples from the 2008 credit crisis, natural disasters, outsourcing to China, engineering disasters, and more, Hubbard reveals critical flaws in risk management methods–and shows how ...

Praise for How I Became a Quant"Led by two top-notch quants, Richard R. Lindsey and Barry Schachter, How I Became a Quant details the quirky world of quantitative analysis through stories told by some of today's most successful quants. For anyone who might have thought otherwise, there are engaging personalities behind all that number crunching!"--Ira Kawaller, Kawaller & Co. and the Kawaller Fund"A fun and fascinating read. This book tells the story of how academics...

A groundbreaking guide to making profitable business decisionsDo you wonder why your value initiatives aren't providing the payoff you'd hoped for? Could it be because you've been thinking about value all wrong? According to the authors of this groundbreaking guide, there's a very good chance that you have. Using examples from leading companies worldwide, they explain why every decision a company makes either creates value or detracts from it, and why, if they hope...

How to make lots of money, keep yourself safe, and even save the world-all by using a little simple mathForget the dull, boring math you learned in school. This book shows you the powerful things math can do for you, with applications no teacher ever taught you in algebra class. How can you make money off credit card companies? Will driving a hybrid save you money in the long run? How do you know when he or she is "the one"?From financial decisions to your education, job, h...

Inside markets, innovation, and riskWhy do markets keep crashing and why are financial crises greater than ever before? As the risk manager to some of the leading firms on Wall Street–from Morgan Stanley to Salomon and Citigroup–and a member of some of the world’s largest hedge funds, from Moore Capital to Ziff Brothers and FrontPoint Partners, Rick Bookstaber has seen the ghost inside the machine and vividly shows us a world that is even riskier than we think. The...

Can a renowned mathematician successfully outwit the stock market? Not when his biggest investment is WorldCom. In A Mathematician Plays the Stock Market , best-selling author John Allen Paulos employs his trademark stories, vignettes, paradoxes, and puzzles to address every thinking reader's curiosity about the market -- Is it efficient? Is it random? Is there anything to technical analysis, fundamental analysis, and other supposedly time-tested methods of picking stocks? How can...

An intriguing look at how technology is changing financial markets, from an innovator on the frontlines of this revolutionNerds on Wall Street tells the tale of the ongoing technological transformation of the world's financial markets. The impact of technology on investing is profound, and author David Leinweber provides readers with an overview of where we were just a few short years ago, and where we are going. Being a successful investor today and tomor...