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Paul Evans DO, Associate Dean for Curricular Affairs, Oklahoma State University COM
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All and all the book is an informative and an easy read. It is one I will pull out again and again to get me thru the winter months waiting on spring fishing to arrive.
Otherwise, a great look inside a much mis-understood and little seen side of the sport.
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Sergiovanni argues that in communities, individuals create their "social lives with others who have intentions similar to ours." (p.4) In formal organizations, relationships are constructed for us, rather than by us. This essential difference means that schools have not looked enough to solve problems through internal relationships and have relied too much on external variables. (Sergiovanni does a nice job of contrasting Tonnies theories of gesellschaft -- secular society -- and gemeinshaft -- sacred community.) To improve schools, we must begin to see them as networks of local, interdependent relationships: a community with a sacred mission to nurture and teach each other how to live. Central to the notion of community is relationships. Sergiovanni argues that the character of all relationships is a function of the values of the individuals involved. These values (he discusses seven) are expressed through the core relationships in a school (teacher-student, teacher-teacher, administrator-teacher) and reflect either a community or an organizational orientation to those relationships. Drawing principally from Durkheim's theory of needs, Sergiovanni argues that people have a basic need to belong. Connectedness is achieved through group mores, values, goals, and norms. When a school's values have a community orientation, individuals develop attachment and commitment to each other and in so doing they are more fulfilled and successful. When a school's values have an organizational orientation, individuals become alienated and are less successful and fulfilled.
Sergiovanni argues that school communities can take a variety forms. Whatever form they assume, they must first have purpose. "They must become places where members have developed a community of mind that bonds them together in special ways and binds them to a shared ideology." (p.72) This collective sense of purpose at once nurtures and reflects community values and provides the individuals in the school with a sense of belonging. In this way, Sergiovanni makes a clear case for the need for schools to develop their own cultures through continuous dialogue about mission, vision, values, goals, and group processes - all significant problems and issues for the organizational specialist.
Through conversations about curriculum and teaching, community and culture can be built. Sergiovanni argues for the importance of an "educational platform" through which schools agree on, among other things, the aims of education, what students will achieve, the social significance of students' learning, and images of the learner, the teacher, and the curriculum. Platforms should be sufficiently detailed to provide guidance (requiring discipline to respect and support), yet open enough to allow individuals to retain a sense of autonomy (requiring discretion to apply). Likewise, community and culture are built through the everyday interactions in the classroom. Classrooms are microcosms of society. In a democratic society, community is nurtured through citizenship. Classrooms should be places where students have responsibility and freedom. Most importantly, classrooms should provide students a place to belong, opportunities to succeed and realize their autonomy, and to learn the nature of generosity. Schools that build their "community of mind" from within will find that the curriculum and teaching will be natural outlets for expressing and reproducing their community-oriented values.
Through the practice of educating based on community values, schools develop a professional community. Drawing from Barth and others, Sergiovanni argues that this professional community defines itself by its ability to improve, to develop its culture, and to create an environment that is most conducive to learning for both adults and children. In other words, in a purposeful school community people care about each other enough that they take their mutual obligations seriously (to care for each other and to learn from and teach each other). Communities of learners are built on the spirit of inquiry, which emerges in school cultures that constantly question, "Who are we and what are we trying to accomplish?" Leadership in purposeful, learning communities is diffuse. It is defined not by the power over people or events, but by the "power to accomplish shared goals". (p.170) For any educator who cares deeply about teaching, people, and schools, Sergiovanni's work provides plenty of opportunities for reflection and innumerable examples of schools that have built community into their cultures.
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Vietnamerica shows the challenges the Vietnamericans face, what they think and feel, and the way in which many of them have to deal with not finding their fathers even though they made it back to the U.S.A.
Thought-provoking and informative.
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First, my comments on the book as a story. I was interested at first, but was struggling to get through the last third of the book, as characters were developed that seemed like little more than filler. I tired of the endless descriptions of wardrobe and scenery. And, in the end, we don't really find out what happened. Some reviewers complain about lack of technical detail. The book was obviously not written as a scientific treatise, but as a story, so those readers really have no reason to be disappointed in that aspect.
Secondly, my thoughts about the science and the scientists featured in the book. Nonlinear dynamic systems have been studied by all Wall Street firms, even at the time Prediction Co. was doing it. I actually have a fair amount of distaste for this whole subject. What it amounts to is traders, banks, uber investors, etc. looking for the next quick money making opportunity within the latest development (fad some might say) in informational science. That in and of itself is not a bad thing, but a reasonable quest. The reason most of these kinds of endeavors fail is that unification of Wall Street and academia can only be successful if the researchers or modelers have a firm grasp of BOTH worlds. The models ultimately fail because what is really being modelled is human psychology and reaction. Numbers alone do not tell the tale. There is no (legal) way of knowing that the trader at MS just had a blow up with his risk advisor and is angrily dumping his yen position inefficiently, and that UBS knows MS is also long calls so they begin crushing call volatility since they know MS will liquidate them as well. Sure, a chart may have predicted a squeeze, but the details of the actual trading couldn't have been prophesied. Prediction Co. was running thousands of models? This should be the first tip off that they had no idea what the principal components of the market were. They were shooting in the dark.
This was a perfect example of banker types with no technical prowess whatsoever trying to work with ivory tower types with no street savvy. It doesn't work. "Well, traders and quants work together in most trading firms." True, but this is different because there was no established program or models that the quants were running. This was fly by the seat of the pants almost. While I admire the accomplishments of these researchers in academic realms, they were definitely not cut out to be businessmen with their communistic, hippy, and honestly, somewhat lazy, approach to life. Yes, some succeed, you have your accasional Bill Gates (although I would argue he was extremely business-headed), but not many. Look at the dot-com debacle. Same story.
Lastly, do you really think that anyone who truly tapped into the Holy Grail of trading would actually allow a book to be written about it?
Even though the book sometimes is promoted as an investing book, it is not. It is not meant for day traders who just expect to discover next holy grail of financial markets reading such books. There is no holy grail in markets, but thats another thing. With that said, it may be clear that it is not a TRADING / INVESTIING book.
The book is story of two renowned physicists turning to use their physics, specifically chaos theory, to model financial market. The story part is dealt with great care. I am sure you learn a thing or two reading this book. This book was quite reasy to read and time I spent reading was worth more than had I spent reading a Grisham novel or watching some stupid soap on TV. It is real life here folks.
Bass is not a novelist so I did not expect him write a literary piece here. He has written a true story in a very good way and struggle of Farmer and Packard in estabilshing a company and utilizing their knowldge in a productive way is very cleverly depicted. There are tonnes of other relevant information that come and go, and an intelligent reader would surely pick something here. There is a lot of current history explored here.
With that said, this is NOT a book for the NEXT TRADING SYSTEM, nor does it preach that their system was PERFECT.
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