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The authors brilliantly fill a major gap in the literature and its real-world applications. This book provides both an accessible introduction to the science of trading, and a rigorous quantitative treatment.
So far, most of the investment science literature assumes trades to be instantaneous, cost-free and divorced from returns. But to the active trader, portfolio manager, plan sponsor or student of finance, these assumptions can mean the difference between a winning and a losing investment.
The authors present a methodology that will allow the uninitiated to qualitatively distinguish between trading strategies and gauge their brokers' quality of trade execution.
The more technical reader will be provided with techniques necessary for the construction of customized trading strategies, tailored to his particular investment objectives, be they portfolio rebalancing, statistical arbitrage, swing trading, etc...
If you're directly or indirectly involved in the trading of securities, this book is not only an invaluable reference, it's a one of a kind must-read!
It deals with a fundamental, but all-to-often forgotten, component of the investment process : the science of trading.
The authors not only give an accessible and comprehensive introduction to the science of trading, but they also offer a rigorous quantitative treatment of the subject.
The book provides the non-quantitative and un-initiated with the necessary methodology to gauge the quality of trade execution provided by their brokers.
It also allows the more technically inclined to implement optimal trading strategies, to suit their particular needs, whether they be stat-arb, portfolio rebalancing, etc...
So far, most of the literature in quantitative finance focuses strictly on the creation of optimal portfolios, ignores liquidity issues and assumes the trading of securities to be instantaneous, and without impact on returns.
But wether you're an active trader, portfolio manager, plan sponsor, risk analyst or student of quantitative finance, you cannot afford to ignore liquidity issues and trading costs.
This book is a must-have reference, that will be of valuable use!
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This man can draw! There are a few pencil sketches included in the book. They are a little looser than his impeccable paintings and they appeal to me more than the paintings.
So much art is a matter of taste - I am awe struck by the patience Brenders must possess in order to produce these images, but I personally prefer a more spontaneous approach. I subscribe to James McNeill Whistler's view: "To say of a picture, as is often said in its praise, that it shows great and earnest labour, is to say that it is incomplete and unfit for view." Brenders manages to achieve a fusion of "great and earnest labour" (he must take months to do each painting!) and creative excellence. That's the only reason why I give a four- and not five-star rating! It's just a little TOO slick for my taste.
The layout of this book is clean and fresh, allowing his detailed paintings lots of white space. Accompanying the paintings is a brief commentary from the artist. This text reinforces the artist's absolute love of his subject.
I have been an art dealer for many years and still am in awe at his paintings and prints. It is truly amazing that someone has the ability to represent wildlife in such a way.
English is my second language, and even though I belong to the cateogry of "advanced" learner, I still have difficulty, for instance, in locating the right preposition or adverb that go with certain verbs or adjectives. For example, the very subtle difference in meaning between "be familiar to vs. be familar with" is a very difficult one for a non-native English speaker like me to grasp. The BBI dictionary of English Word Combinations aims to address problems unique to ESL learners, including the one I just mentioned. Keep it handy, and it will let you command more accurate & "real" English.
Instead of taking the reader on a chronological journey through her life, Roberts shares various bits and pieces that are linked by a common thread -- loss of people close to her, lessons learned in life, etc. While this approach is novel and somewhat interesting, it does make things immensely confusing. The book seems to be put together in no real apparent order and jumps around so much that it is difficult to follow.
Another irritating factor of the book was its preachiness. While Doris Roberts is definitely a very talented and respected actress, I felt like I was being lectured instead of being introduced into her life's journey. Instead of talking about lessons that she's learned throughout her struggle to become an actress, Roberts shares advice, more advice, and still more advice. There is so much advice in this book that it should be categorized under self-help, not biography.
"Are You Hungry, Dear?" is not a complete loss, however. There are several funny passages and stories throughout, and Roberts offers insights into her dealings with famous actors like Ray Romano, Pierce Brosnan, Cary Grant, Laurence Olivier, and many others. There is great information on the workings of both New York theater and the Hollywood film scene. Unfortunately, the jumpiness and onslaught of advice ruines what could have been a very interesting story to hear. Sorry, Doris. I'm hungry for something else.
Doris Roberts's journey from sad "Little Doris" to a full-blown diva in her 70s made me laugh: she had a varied career, and learned a lot about life as she learned about acting. Roberts even has her very own actress climbing-out-the-boardinghouse-window story! There's some pathos - handled graciously -- but most of the book reflects a courage and humor I admire. Even some of the recipes are funny!
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In 1825 he purchased 30.000 acres in Indiana near the present town of New Harmony, Indiana. He established a self-contained community on that location which lasted just three years. He then returned to England and tried other experiments their and did extensive writing on his ideas.
This book contains a short survey of Robert Owen's life and a sample of his ideas taken for his writings. It is a worthy addition to any history library.
For those of us unable to travel to such exotic locations or live during the time periods profiled, this monumental book offers such an opportunity.
This purchase is money spent wisely.