Chaos kings : how Wall Street traders make billions in the new age of crisis
Patterson, Scott, 1969-2023
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"There's no doubt that our world has gotten more extreme. Pandemics, climate change, superpower rivalries, technological disruption, political radicalisation, religious fundamentalism - all threaten chaos that put trillions in assets at risk. But around the world, across a wide variety of disciplines, would-be super-forecasters are trying to take the guesswork out of what formerly seemed like random chance. Some put their faith in 'black swans' - unpredictable, catastrophic events that can't be foreseen but send exotic financial instruments screaming in high-profit directions - while others cling to the hope that paying close attention to the data will foreclose any true surprises from happening. Most famous among the former group of big-bet traders are those who run the Universa fund, helmed by manager Mark Spitznagel and built on the strategy of one of its chief investors, Black Swan author Nassim Nicholas Taleb. On days of extreme upheaval, Universa has made as much as $1 billion. In researching Chaos Kings, author Scott Patterson not only gained exclusive access to Universa strategists, but also combed Wall Street to find market players with similar models. Additionally, he met with savvy seers in a variety of fields, from earthquake prediction to counterterrorism to climatology, to see if it's actually possible to bet on disaster - and win. Riveting, relevant, and revelatory, this is a must-read for anyone curious about how some of today's investors alchemise catastrophe into profit."--Back cover.
Main title:
Chaos kings : how Wall Street traders make billions in the new age of crisis / Scott Patterson.
Author:
Patterson, Scott, 1969-, author
Imprint:
Melbourne : Scribe, 2023.©2023
Collation:
viii, 322 pages ; 24 cm
Notes:
First published by Scribner, an imprint of Simon & Schuster, Inc. 2023.Includes bibliographical references (pages 297-309) and index.
ISBN:
9781761380556 (pbk)9781761380556
Dewey class:
338.542
Language:
English
Subject:
BRN:
543481
More Information:
| Location | Collection | Call number | Status/Desc |
|---|---|---|---|
| Brighton Library | Adult Non Fiction - Computers and Business | 338.542 PAT | Available |