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The Science of Negotiation
Laurence Endersen • Pebbles of Perception: How a Few Good Choices Make All The Difference
Network Effects
Peter Thiel, Blake Masters • Zero to One
high leverage is completely inappropriate if the firm has a high level of Brains work.
David H. Maister • Managing The Professional Service Firm
In our view, the key to understanding how societies evolve is to understand factors that determine the costs and rewards of employing violence. Every human society, from the hunting band to the empire, has been informed by the interactions of megapolitical factors that set the prevailing version of the “laws of nature.”
James Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
atavistic
David McCloskey • Moscow X: A Novel
William E. Byrd
webyrd.netYou might then ask how LTCM would have been any better off with the Kelly system. The answer is that the Kelly criterion can be more forgiving of human error than many other systems—including highly leveraged approaches such as LTCM’s. Recall the example of simultaneous bets on a large number of coins, each with a 55 percent chance of coming up hea
... See moreWilliam Poundstone • Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
relative value trades and convergence trades.
Ludwig B. Chincarini • The Crisis of Crowding
You must pick the loss side