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All important subjects are discussed (except black holes) in Mr. Bernsteins lucid style, in the span of 200 pages. I was particularly satisfied with the description Inflation theory. This is really one of the best sources for the serious student of cosmology. A far more expensive (but equally good) alternative is Barbara Ryden's book with the same title.
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But just as striking as his case for stocks as a group is his case against trying to pick individual stocks. The reason Peter Lynch and Warren Buffett are legends is that they are so rare: what they do--consistently picking stocks that substantially outperform the market--is virtually impossible.
Luckily, you don't have to be the next Lynch or Buffett to make money in the stock market. A diversified portfolio of low-cost index funds, using dollar-cost averaging and rebalancing, has a good chance of outperforming most professional money managers on a net basis.
This is the best book I've seen for those who want to know how we know that stocks outperform other investments over long periods. A good brief presentation of the same principles, with specific suggestions on how to implement them, is Bill Schultheis's book The Coffeehouse Investor.
With comprehensive graphs and easy to understand explanations, this book delivers an "all in one" knockout about equities. From international markets to the heated debate of growth versus value stocks, "Stocks for the Long Run" covers the entire spectrum of opportunities that exist for investors.
Readers will also gain an understanding of how monetary policy works in the United States. Wanting to know why the stock market boom has been occurring, why there is widespread misunderstanding about stocks, or the advantages and disadvantages to small caps? All are carefully detailed in this book. Dr. Siegel draws upon a plethora of historical evidence dating back to the early 19th century to make a compelling case for stocks so that people can live their lives instead of worrying about their financial future.
I highly recommend this book to anyone wanting to reap the huge benefits of the stock market. Dr. Siegel is one of few people who understands how the market works and has the ability as an excellent writer to convey that knowledge. I guarantee you that this will be the best 20 bucks you've ever spent.
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Heisenberg remains a mystery. He won a Nobel Prize in Physics in the early 1930s for his "Uncertainty Principle" which deals with Quantum Mechanics. Yet despite his brilliance, he sounds pretty ignorant at Farm Hall. Was he faking? I think not. To paraphrase Watergate: the question still is "What did Werner Heisenberg know and when did he know it? At Farm Hall, when he found out about Hiroshima, his ego deflated like an untied balloon. His comments were made at a vulnerable and candid moment. They reveal a knowledge one would expect from someone you picked at random at a shopping mall.
The Manhattan Project was at least as much engineering as science, and Heisenberg was more of a theologian than a nuts 'n bolts guy.
But hey, don't take my word for it. If you are really interested, I recommend this book along with "Heisenberg's War" so you get both sides. Then read "Alsos" by Samuel Goudschmidt, the scientific leader of the famous Alsos Mission, who along with Col. Boris T. Pash ("The Alsos Mission"), followed the allied armies into France and captured Heisenberg and the others. Goudschmidt was a physicist who offered the earliest (1947) and perhaps the most philosophical postmortem on the German A-bomb "program".
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But no matter. Bernstein not only knows physics, he knows phsyicists as well, and gives us a rare insight into the lives of pivotal figures like Einstein, Mach, Yang, Schroedinger, Levi and others. His piece on Primo Levi, who took up writing after having established himself first as a scientist, and in whose life Bernstein sees parallels with his own, is especially moving and incisive.
Bernstein does perhaps have a bit of an inflated notion of his place in the pantheon of science writers. He states that he created the "scientific profile" with his New Yorker pieces, while I would maintain that his writing, good as it is, is far cry from the medical pieces done by Berton Rouche and certainly the marvelous John McPhee pieces on geology, both of which make Bernstien look a bit mannered and amateurish by comparison. But these are masters- McPhee especially- who have devoted their lives to mastering the craft of writing, and Bernstien is still in the top echelon of those writing about science for the non scientist.
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This book's focus is more on the people who make science than the actual science itself. It is not a flippant biography or collection of anecdotes by any means, but a solid (well --- as solid as you can be in twenty pages per person) well balanced description of various scientists. The author's science/writing experience allows him to avoid being condescending, bloated or abstruse. More than mere journalism, this book gives a real flavor of the lives of scientists.