Posts filed under “Books”

Number Crunchers & the Big Data Revolution

The ‘Big Data’ Revolution: How Number Crunchers Can Predict Our Lives

Reviews:

“Every decade, there are a handful of books that change the way you look at everything. This is one of those books. Society has begun to reckon the change that big data will bring. This book is an incredibly important start.”
—Lawrence Lessig, Roy L. Furman Professor of Law, Harvard Law School, and author of Remix and Free Culture

“This brilliant book cuts through the mystery and the hype surrounding big data. A must-read for anyone in business, information technology, public policy, intelligence, and medicine. And anyone else who is just plain curious about the future.”
—John Seely Brown, former Chief Scientist, Xerox Corp., and head of Xerox Palo Alto Research Center

“Big Data breaks new ground in identifying how today’s avalanche of information fundamentally shifts our basic understanding of the world. Argued boldly and written beautifully, the book clearly shows how companies can unlock value, how policymakers need to be on guard, and how everyone’s cognitive models need to change.”
—Joi Ito, Director of the MIT Media Lab

“An optimistic and practical look at the Big Data revolution — just the thing to get your head around the big changes already underway and the bigger changes to come.”
—Cory Doctorow, boingboing.com

“Just as water is wet in a way that individual water molecules aren’t, big data can reveal information in a way that individual bits of data can’t. The authors show us the surprising ways that enormous, complex, and messy collections of data can be used to predict everything from shopping patterns to flu outbreaks.”
—Clay Shirky, author of Cognitive Surplus and Here Comes Everybody

 

Source:
The ‘Big Data’ Revolution: How Number Crunchers Can Predict Our Lives
NPR Staff March 07, 2013
http://www.npr.org/2013/03/07/173176488/the-big-data-revolution-how-number-crunchers-can-predict-our-lives

Category: Books

Books Bought By Big Picture Readers (February 2013)

Click to enlarge Once again, its time to peruse the data to see which books TBP readers bought last month. Amazon’s embed code lets me track every click from these links — how many people look at the page, how many books get seen, and/or collectively purchased. Its anonymous — I don’t know who bought…Read More

Category: Books, Consumer Spending

Munger: Charlie’s Almanac & Human Misjudgment

Over the past few years, we have owned Berkshire Hathaway — not because I am a crazed Dodd & Graham fan (like many BRK owners) but because it is an excellent assortment of assets at a very reasonable price. (Its done well for us).

I bring this up because I wanted to reference this tome of a book: Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger, Expanded 3rd Edition

As you imagine, Warren Buffetts partner Charlie Munger is no slouch. He lays out his view of the world in very succinct (if I can describe a 500 word book that way) and direct fashion.

He has a terrific mind for business and investing, and essentially tells you what his secrets are in this book. He goes into the behavioral and cognitive issues investors face, but much more as well.  The Munger approach to problem solving teaches you how to look at problems.

It is weird to say this, bu Charlie Munger may be an underrated investor. He is overshadowed by Buffett, and his blunt honesty may not be appreciated by some. But Munger is the reason Berkshire owns Coca-Cola, Gillette, and J&J.

He has been described as having numerous advantages over ordinary investors: An analytical edge, a behavioral advantage, the ability to see the world through multiple discipline, and a broad freedom from institutional norms.

Note the title of the book comes from Munger’s role-model, Benjamin Franklin. I have been reading speeches from Munger for years, and this morning I finally broke down and bought the book on Amazon.

 

 

The Psychology of Human Misjudgment speech after the jump

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Category: Books

What’s Going On With Readers Today

This presentation was presented by Goodreads CEO Otis Chandler at the 2013 Tools of Change conference in New York. It details how readers discovered, acquired, and read two specific titles — Gillian … What's Going On With Readers Today from Goodreads by Goodreads on Feb 13, 2013

Category: Books, Digital Media

Books Bought By Big Picture Readers (January 2013)

Click to enlarge:

 

 

Once again, its time to peruse the data to see which books TBP readers bought last month. Amazon’s embed code lets me track every click from these links — how many people look at the page, how many books get seen, and/or collectively purchased.

Its anonymous — I don’t know who bought what — but there’s lots of data on the various books generated.

These were the most popular TBP books for January:

Wait: The Art and Science of Delay (Frank Partnoy)

The Information: A History, A Theory, A Flood (James Gleick)

Bailout Nation, with New Post-Crisis Update: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy (Barry Ritholtz)

How We Know What Isn’t So: The Fallibility of Human Reason in Everyday Life (Thomas Gilovich)

Thinking, Fast and Slow (Daniel Kahneman)

Capitalism and Freedom: Fortieth Anniversary Edition (Milton Friedman)

The Art of Contrary Thinking (Humphrey B. Neill)

The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street (Justin Fox)

Underwater Dogs (Seth Casteel)

Kindle and eBooks after the jump

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Category: Books, Consumer Spending

Books Bought By Big Picture Readers (December 2012)

Click to enlarge:

Once again, its time to peruse the data to see which books TBP readers bought last month. Amazon’s embed code lets me track every click from these links — how many people look at the page, how many books get seen, and/or collectively purchased.

Its anonymous — I don’t know who bought what — but there’s lots of data on the various books generated.

These were the most popular TBP books for December:

Exploring Wine: Completely Revised 3rd Ed (Steven Kolpan & Brian H. Smith)

Underwater Dogs (Seth Casteel)

Antifragile: Things That Gain from Disorder (Nassim Nicholas Taleb)

The Information: A History, A Theory, A Flood (James Gleick)

How Music Works (David Byrne)

Paul Wilmott Introduces Quantitative Finance (Paul Wilmott)

Hugh Johnson’s Wine Companion: The Encyclopedia of Wines, Vineyards and Winemakers (Hugh Johnson)

Thinking, Fast and Slow (Daniel Kahneman)

Let’s Pray (Not Just Say) the Rosary: Classic Edition; Luminous Mysteries Added (Richard Rooney S.J.)

Wait: The Art and Science of Delay (Frank Partnoy)

Bailout Nation, with New Post-Crisis Update: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy (Barry Ritholtz)

The Rolling Stones 50 (The Rolling Stones)

Kindle and eBooks after the jump

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Category: Books, Consumer Spending

Broadening the Debate on HFT & Market Structure

As traders, the fact that we wrote a book that has gained attention and accolades is exciting and humbling.  We’d be less than candid if we didn’t acknowledge that we had a lot of help putting together Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio (see web site here as well)   To all of you, and you know who you are, thank you very much.

As anybody who has written a book will tell you, it is not easy, particularly if it’s the first.  We were anxious every step of the way.  What approach should we take?  How should we organize it?  Have we thoroughly documented our theories and facts?  What if we get something wrong?

We are happy to report that it all turned out OK.  The HFT crowd wasn’t too pleased, but they didn’t come up with anything new to refute what we wrote.  All they could say was more of the same:  “Technology is good…Speed is even better…Joe and Sal are wrong…”  The vast majority of reviewers, readers, Wall Street executives, regulators and legislators got it.  As of December 18th, the book was in Amazon’s Top 100 Best Sellers in the “economics” category.

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Category: Books

Bloomberg: Best Books of 2012

Bloomberg did an interesting thing with their Best Books of 2012 — they surveyed lots of people, and published all of the suggestions. My book suggestions were wedged between Olli Rehn, European Union Economic and Monetary Affairs Commissioner and Stephen Roach, senior lecturer at Yale University and former chewif economist for Morgan Stanley. I picked: The…Read More

Category: Books, Philosophy

Books Bought By Big Picture Readers (November 2012)

Click to enlarge:

Once again, its time to peruse the data to see which books TBP readers bought last month. Amazon’s embed code lets me track every click from these links — how many people look at the page, how many books get seen, and/or collectively purchased.

Its anonymous — I don’t know who bought what — but there’s lots of data on the various books generated.

These were the most popular TBP books for November:

Antifragile: Things That Gain from Disorder (Nassim Nicholas Taleb)

Bailout Nation, with New Post-Crisis Update: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy (Barry Ritholtz)

Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself (Sheila Bair)

Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System (Scott Patterson)

Exploring Wine: Completely Revised 3rd Edition (Steven Kolpan)

Go the F**k to Sleep (Adam Mansbach)

Hedge Fund Market Wizards (Jack D. Schwager)

How We Know What Isn’t So: The Fallibility of Human Reason in Everyday Life (Thomas Gilovich)

The Art of Contrary Thinking (Humphrey B. Neill)

The Black Swan: Second Edition: The Impact of the Highly Improbable: With a new section: “On Robustness and Fragility” (Nassim Nicholas Taleb)

 

Kindle and eBooks after the jump

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Category: Books, Consumer Spending

Taleb: Learn to Love Volatility

“In economic life and history more generally, just about everything of consequence comes from black swans; ordinary events have paltry effects in the long term.” -Nassim Nicholas Taleb   Nassim Taleb’s contribution to the world of finance are two fascinating concepts — essays really — subsequently expanded into book length. The first is Fooled By…Read More

Category: Books, Psychology, Trading