Books

May 2007 Newsletter

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1. New: The Black Swan---------------------------------The Nassim Nicholas Taleb publishing phenomenon launched in early 1997 with publication of 'Dynamic Hedging: Managing Vanilla and Exotic Options' which was hailed as "not merely the best book on how options trade, it is the only book".Taleb then wrote the hugely successful 'Fooled by Randomness' about how we perceive luck, twist it around and regard it as intention or purpose. Now Taleb has developed his uncertainty theme to a further stage in 'The Black Swan: The Impact of the Highly Improbable'.Elegant, startling, and universal in its applications, a Black Swan is a highly improbable event with three principle characteristics: it is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random and more predictable than it was. The astonishing success of Google was a black swan; so was 9/11. And why do we always ignore the phenomenon of Black Swans until after they occur? As Nassim Nicholas Taleb reveals, we are hard-wired not to truly estimate risk, too vulnerable to the impulse to simplify, narrate, and categorize and not open enough to rewarding those who can imagine the impossible. In this revelatory book, Taleb explains everything we know about what we dont know, and shows us how to face the world."Hugely enjoyable - compelling but easy to dip into." - John Kay (author of The Tortoise and the Hare) in the FT. "A masterpiece" - Chris Anderson, author of 'The Long Tail'>>> >>> Buy 'The Black Swan' now and save 25%:Buy now>>> >>> Now re-issued in Penguin paperback - 'Fooled by Randomness'. Buy now and save 25%Buy now>>> >>> Still available 'Dynamic Hedging: Managing Vanilla and Exotic Options'Buy now----------------------------------------------2. In Paperback: Hot Commodities----------------------------------------------In language that is both colourful and accessible, Jim Rogers explains why the world of commodity investing can be one of the simplest of all - and how commodities are the bases by which investors can value companies, markets, and whole economies. To be a truly great investor is to know something about commodities. For small investors and high rollers alike, 'Hot Commodities' is as good as gold . . . or lead, or aluminium, which are some of the commodities Rogers says could be as rewarding for investors.>>> >>> Buy 'Hot Commodities' in paperback now and save 25%:Buy now--------------------------------------------------------------------3. Special Offer on The Investor's Toolbox, 2nd Ed.--------------------------------------------------------------------Now fully revised and updated, Peter Temple's 'Investor's Toolbox' is a simple, practical guide to how you can use some of the newer investment products like spread betting, binary betting, contracts for difference, covered warrants and exchange-traded funds, as well as older ones like futures and options, to help your investing.Buy it within the next two weeks and we'll add a copy of the author's 'Superhobby Investing' absolutely free. 'Superhobby Investing' shows how to use the tangible assets that are normally part and parcel of collecting - wine, stamps, coins, antiques, etc. - as a means of diversifying your portfolio.>>> >>>Buy The Investors's Toolbox, 2nd Edition and receive Superhobby Investing FREEBuy now----------------------------------------------------------4. New: Gold: The Once and Future Money----------------------------------------------------------In the first years of this new century the price of gold nearly tripled. Why should today's investors take notice? Nathan Lewis describes the booms and busts, the bubbles and the crises in the economies of dozens of countries, from centuries ago to the present day. His argument is clear: for the last 35 years the US government has been able to "print" money at will. If history is any guide the result will be "overprinting", causing the dollar to crash. There will be an inevitable return to the gold standard, but at great expense and with considerable suffering. Investors who are not prepared will suffer the most.>>> >>>Purchase your copy at the discounted price of GBP11.04 - saving 35%Buy now---------------------------------------------------------------------5. Offer Closing: A Random Walk Down Wall Street---------------------------------------------------------------------For the last couple of months we've been offering the new edition of 'A Random Walk Down Wall Street' at an unrivalled 15% discount. Sadly we cannot hold this price much longer and the discount on Burton A Malkiel's classic guide to successful investing will shorten from 15th May. Updated with a new chapter that draws on behavioural finance, the field that studies the psychology of investment decisions, here is the opportunity to get this best-selling, authoritative and gimmick-free book on investment strategy at a great price.>>> >>>Buy online today for just GBP16.14:Buy now