Books: Fun to read
After the economic meltdown of 2008, many observers placed the blame on “complex financial instruments” and the physicists, mathematicians (quants) who dreamed them up. But how is it that physicists came to drive Wall Street? This book sheds light on how the quants took over.
The incredible story of a card-counting mathematics professor, Ed Thorp, who taught the world how to beat the dealer and later on became a quantitative trading pioneer.
In this book the authors show us how to use base rates to make better decisions and forecasts in life.
With this book, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The antifragile is beyond the resilient or robust. The resilient resists shocks and stays the same; the antifragile gets better and better.