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I loved this book and recommend it to anyone! Also there are some really cute, detailed pictures.(...)
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It's as bad as the chimps from the space program, who after years of careful training were sold to laboratories for medical experiments. Most of Linden's subjects -- after being reared in human company and taught to use sign language or symbol-boards -- were sold to laboratories, placed in zoos, or attempted to return to the wild (with disasterous results).
The image of a despondent gorilla in a dank concrete zoo cage, signing desperately to passers-by "get me out, get me out!" will haunt me forever.
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The book is divided into sections, including: games and humor; trade and barter; deception, mind reading and mental chess; cooperation in work, conflict and healing; tools and intelligence; escapes from captivity; empathy and heroism; and untouched nature. Some of the material is repeated under different chapters, but when it is, it's presented from a new perspective which enlarges understanding of animal behavior. My favorite stories are some of the orangutan escape episodes, and some of the tales of trust and friendship.
The book certainly gives the reader a sense of what is being lost as our natural world is being destroyed by overpopulation, encroachment and exploitation. Since destruction of habitat seems to have taken on a life of its own these days, one almost wonders if it is unstoppable irrespective of our best intentions or of the ultimate negative impact it will have on our own future. This was particularly apparent in the last chapter of the book which deals with the Ndoki rain forest of the Congo. As was pointed out in Matt Ridley's book, The Red Queen, the incremental increase in benefit to the individual who causes the destruction of the environment increases the likelihood that the destruction will occur despite the overall long term loss to society. And this is often so, even though the individual beneficiary of the immediate good will also suffer with the rest of society. The loss of viable commonly held fields to over grazing during the Middle Ages was the example cited by Ridley (p. 91), but any other major loss of shared wealth could be substituted as well. As Linden points out, perhaps the very intellect of which we are so proud will be our ultimate undoing! We certainly don't seem to have learned from the lessons of our history!
Altogether a delightfully readable book.
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In the first half of this book, Linden makes a persuasive case for some of his basic predictions, though he is definitely a pessimist. The scenarios in the second half of the book, intended to illustrate what will happen if these predictions come true, are really speculative fiction masquerading as futurology. Still, Linden's basic premise is sound and his warnings should be taken seriously. We... recommend the book to those involved in long-range business planning and trend research.
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many of his partners since the early 1960's, I had eagerly
waited for the book's publication and read it with great
interest.
After reading the book, I have found one unsolved puzzle.
How Mr. Leon Levy, reputed to have a net worth of over US$700
million and has made donations to various interest groups of
over US$100 million, has achieved such mediocre investment
results for his investors in the Oppenheimer group of mutual
funds. Mr. Levy is the founder and chairman of the Oppenheimer
Funds.
Nonetheless, Mr. Leon Levy has provided some great insights to
the inner workings of Wall street, including some of the lesser
known specultaive techniques -- e.g., the Euro call option
market.
Nonetheless, if they take the effort this is one of the most important investment books that someone can read in this moment in time. Levy's book is one that will make you think. As he recounts the past 50's years on Wall Street you'll see how the stock market changed and how the psychology around it did too. Going into the 1950's, people, remembering the 1930's, were extremely bearish about the market. Levy wouldn't hire anyone under 30 - not because he wanted youth, but because he feared that those older would be too cautious, because of their life experiences of the depression.
Contrast that bearish sentiment, with today where every down day is heralded as a bottom and a one week rally is called a new bull market, and you'll see how different the eras are. You'll also realize how different the risk to reward ratio for stock investors is.
I have come to the same conclusions that Levy has concerning our market and our economy and where the coming investment opportunities are in the world. I was already in agreement with him before I read his book. That is why I strongly recommend that people read it. This is one of the few mainstream investment books that you can find that will give you a good picture of what has happened to our markets in the past decade and where it is likely to go in the next 10 years - and where true investment opportunities lie in the world. This is all done in a crisp, engaging style, that makes for a quick read. If you want to understand what is going on read this!
Even if you have an investment/trading style where you don't think this is important you need to read this book. I personally trade mostly on charts and technical indicators. However, if you are trading a trend in the market it is helpful to have a knowledge about what is moving the market. That makes it easier to have believe that what the charts are telling you is real. You need to believe in your convictions. That is why it is important for investors and traders to keep up with the news and take the time to read books such as this one. I spend a lot of my time involved in the financial markets and usually read books as a way to get away from them. When I take the time to read a financial book it has to be a good one and this one didn't disappoint.
This book is never going to be one of the trading classics, like Jesse Livermore's Remicenses of a Stock Operator. However, 10 years from now it will be known as one of the few books that warned of what was to come.
New products that have had an exponential growth rate such as credit derivatives allow investment with no money upfront. They are being used to create leverage for hedge funds. Hedge funds use these products to create leverage Mutual funds are investing in funded form, albeit mutual fund investors may be unaware credit derivatives are behind some of the investments. For finance professionals, I highly recommend Tavakoli's "Credit Derivatives" 2nd Edition.
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