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She is smart because she knows everything about bugs, most of them in the story that I have never heard of. I would say she is an Einstein in the field of insects! I bet it takes a lot of hard work and a strong passion to be able to learn so much.
Amanda is cool too. Nobody tries to understand her. However, she never gives up her passion even though she often gets herself into troubles for it. That's what a real hero is about.
Well, I am glad that hero is not always lonely. At the end of the story, Amanda finally finds a bosom friend that shares the same passion with her. I like the happy ending!
The reviews below give more than enough information so I won't belabour the Kolmogorov complexity here. Suffice it to say you won't find the subject detailed more fully in any other reference work in existence today.
However, this book does need to be revised and updated. There has been a lot of development in the field and the sections overviewing Solomonoff's work, in particular, could be expanded. Also, I found it hard to believe that nothing about the 'philosophical' importance of the whole induction question - this is at the core of many very important questions and should not be treated trivially.
There should also be some overview of two other areas that, in combination with the theory outlined in this text, are starting to form the nexus of a "new kind of science" (definitely not Wolfram's pathetic attempt). I refer to some information regarding non-classical logical systems as well as anticipatory computing systems. Both will, I predict, become core areas in addition to extensions to Kolmogorov/Chaitin complexity in the future.
All textbooks should be as clear and concise as this example.
His writing combines a deft mastery of mathematics with the ability to lay it out on the page so carefully that you'll wonder how you didn't think of the idea. His prose is simple, concise, and often, funny. Bogle is best in speeches and essays, this book combines a very well selected combination of both.
I read other investment literature, and I frequently see the articles and speeches in this book cited. Any interested observer of financial markets, investor wanting to keep from losing his shirt, or professional in the investment management industry would benefit from reading this book. I heartily recommend it!
His arguments that most mutual funds underperform their respective index is convincing. This coupled with the difficulty of picking the managers that will outperform the index over the long term in advance, has convinced me that only by investing in the index can you guarantee that you will be investing in one of the leading funds.
The other 3 sections while interesting are more ruminations from Bogle about life, business and the stock markets. Interesting but not world changing. In fact I suspect that most people would be better off buying "Common Sense on Mutual Funds" by Bogle.
I would heartily recommned this book to anyone who wishes to be convinced that they can maximise their return, while avoiding the risk of underperformance by investing in index funds.
It is especially interesting to read John Bogle's speeches delivered from 1-25 years ago and compare his predictions of the future to what has actually occurred. Comparisons to the market of today can then be made.
For example, in a speech given a year following the "great stock market crash of October 19, 1987", John Bogle on p.68 related his analysis of why the market downturn occurred, including these two reasons: (1) stock prices too high (p/e ratios hitting 23 for the S&P 500 index in 1987); (2) some deterioration in the economic outlook, with no progress being made to reduce the Federal buget defict and a whiff of inflation. Sound anything like 2000 and 2001?
A more recent speech included in the book, from January 2000, predicting that the market's heady optimism will depart and leave stock market returns of 5.2% or so over the next decade. As John Bogle readily admits, however, anything can happen in the stock market.
There are many sections which detail the evolution of, and triumph of, passive indexing over active management. Other speeches provide a historical overview of the founding of Vanguard and its rise over the last 25 years.
Business leaders will find inspiration from several speeches delivered with a more personal note, in which he provides perspectives on the need for persistence, the need for lifelong learning, and the desire to build meaning into life through devotion to commitments to others. Very moving is his speech following his receipt of a transplanted heart.
More recent speeches by John Bogle, which give you a sense of what can be found in this book (but not the added value of looking at speeches from years past and comparing predictions made to what has actually occurred), can be found at the Vanguard website. Look for the Bogle Financial Markets Research Center.
This is not the first book a reader interested in investing should tackle. That honor belongs to John Bogle's 2nd book, "Common Sense on Mutual Funds." Other books should follow, including, perhaps, those by Larry Swedroe, Burton Malkiel, and Bruce Temkin.
For those who have already read several books on investing, the speeches in this book provide added perspective and reinforcement regarding the role of passive indexing, the folly of trying to outperform the market over the long term, and the philosophical ideal of service to others through truth and fairness. For these readers I wholeheartedly recommend adding this book to your investment library.
Mark Howell
AIC-Fire
Denton, Texas
The author writes clearly and the book is very readable. The text is accompanied by great photographs & illustrations.
What a relief to find this book after attempting to plow through some of the other texts on this subject. Highly recommended!
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Be aware this is not a full account of the War. It could be said that this is a military account from the German Wermacht's point of view. It was written during the "Cold War" and Soviet Sources by many were considered suspect. No mention is made of the NAZI atrocities in European Russian during the German occupation or barbaric treatment of the Russian prisoner either. Political or diplomatic aspects of the war are not covered.
This doesn't detract from the fact that for those that love a great battlefield account and want to know how the war was fought over this vast mostly overlooked (in English Language) front, this is a great read.