For fans of The Black Swan and written by a veteran Wall Street Journal reporter, this is a fascinating deep dive into the world of billion-dollar traders and high-stakes crisis predictors who strive to turn extreme events into financial windfalls.
There’s no doubt that our world has gotten more extreme. Pandemics, climate change, superpower rivalries, technological disruption, political radicalisation, religious fundamentalism — all threaten chaos that put trillions in assets at risk. But around the world, across a wide variety of disciplines, would-be super-forecasters are trying to take the guesswork out of what formerly seemed like random chance. Some put their faith in ‘black swans’ — unpredictable, catastrophic events that can’t be foreseen but send exotic financial instruments screaming in high-profit directions. Most famous among this group of big-bet traders are those who run the Universa fund, who, on days of extreme upheaval, have made as much as $1 billion.
Author Scott Patterson gained exclusive access to Universa strategists and met with savvy seers in a variety of fields, from earthquake prediction to counterterrorism to climatology, to see if it’s actually possible to bet on disaster — and win. Riveting, relevant, and revelatory, this is a must-read for anyone curious about how some of today’s investors alchemise catastrophe into profit.
"
‘It’s not just the wild success of the catastrophists that makes this book fascinating but the way their philosophy reversed many of the “rules” of investing.’
" - The Sunday Times
"
‘A closely observed chronicle of the storm-chasing edgelords of finance and the critics with whom they clash … Even those unfamiliar with, or uninterested in, the oscillations of the stock market may find themselves gripped by Patterson’s account.’
" - The New York Times
"
‘Rock-star status is reserved for a clique who have made storm-chasing in stocks and bonds into something between an art and a science, and an extraordinarily lucrative one at that. They are the subject of Chaos Kings, a new book by Scott Patterson, who casts an engaging and accessible light on what makes these oddball savants tick, and how they make fortunes from disaster … Chaos Kings avoids making readers feel like they’re out of their depth … The power of the competing egos at play and the urgency of their message on everything from pandemics to the climate to the health of your lifesavings carry the tale.’
" - Financial Times
"
‘Wall Street Journal reporter Patterson (Dark Pools) delivers an illuminating investigation into those who profit from anticipating crises … [T]he author has a knack for translating complicated financial manoeuvres into easily comprehensible terms … Detailed yet accessible, this will appeal to fans of Michael Lewis’s The Big Short.’
" - Publishers Weekly
"
‘Chaos Kings will provide the reader with plenty of food for thought — along with some sleepless nights.’
" - Money Week
"
‘The book highlights those who have made money while the world falls apart. But not just any money — this book talks about making billions while there is metaphorical, or literal blood on the streets … It’s fascinating, a little sickening, and one heck of a yarn of a book. It is well worth the read and the learning that will come from it … Patterson’s book is one of the best financial stories around. Highly recommended.’
" - NZ Booklovers
"
Praise for Dark Pools:
‘Richly reported … an invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market … You will never look at the opening bell in the same way.’
" - Financial Times
"
Praise for Dark Pools:
‘Remarkable … even long-time participants in electronic markets will learn a lot from this book.’
" - Forbes
"
Praise for The Quants:
‘Fascinating and deeply disturbing … Patterson gives faces and personalities to the quants, making their saga accessible and intriguing … [he’s] onto a big story that begs follow-up.’
" - New York Times
Формат: Скан PDf
There’s no doubt that our world has gotten more extreme. Pandemics, climate change, superpower rivalries, technological disruption, political radicalisation, religious fundamentalism — all threaten chaos that put trillions in assets at risk. But around the world, across a wide variety of disciplines, would-be super-forecasters are trying to take the guesswork out of what formerly seemed like random chance. Some put their faith in ‘black swans’ — unpredictable, catastrophic events that can’t be foreseen but send exotic financial instruments screaming in high-profit directions. Most famous among this group of big-bet traders are those who run the Universa fund, who, on days of extreme upheaval, have made as much as $1 billion.
Author Scott Patterson gained exclusive access to Universa strategists and met with savvy seers in a variety of fields, from earthquake prediction to counterterrorism to climatology, to see if it’s actually possible to bet on disaster — and win. Riveting, relevant, and revelatory, this is a must-read for anyone curious about how some of today’s investors alchemise catastrophe into profit.
"
‘It’s not just the wild success of the catastrophists that makes this book fascinating but the way their philosophy reversed many of the “rules” of investing.’
" - The Sunday Times
"
‘A closely observed chronicle of the storm-chasing edgelords of finance and the critics with whom they clash … Even those unfamiliar with, or uninterested in, the oscillations of the stock market may find themselves gripped by Patterson’s account.’
" - The New York Times
"
‘Rock-star status is reserved for a clique who have made storm-chasing in stocks and bonds into something between an art and a science, and an extraordinarily lucrative one at that. They are the subject of Chaos Kings, a new book by Scott Patterson, who casts an engaging and accessible light on what makes these oddball savants tick, and how they make fortunes from disaster … Chaos Kings avoids making readers feel like they’re out of their depth … The power of the competing egos at play and the urgency of their message on everything from pandemics to the climate to the health of your lifesavings carry the tale.’
" - Financial Times
"
‘Wall Street Journal reporter Patterson (Dark Pools) delivers an illuminating investigation into those who profit from anticipating crises … [T]he author has a knack for translating complicated financial manoeuvres into easily comprehensible terms … Detailed yet accessible, this will appeal to fans of Michael Lewis’s The Big Short.’
" - Publishers Weekly
"
‘Chaos Kings will provide the reader with plenty of food for thought — along with some sleepless nights.’
" - Money Week
"
‘The book highlights those who have made money while the world falls apart. But not just any money — this book talks about making billions while there is metaphorical, or literal blood on the streets … It’s fascinating, a little sickening, and one heck of a yarn of a book. It is well worth the read and the learning that will come from it … Patterson’s book is one of the best financial stories around. Highly recommended.’
" - NZ Booklovers
"
Praise for Dark Pools:
‘Richly reported … an invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market … You will never look at the opening bell in the same way.’
" - Financial Times
"
Praise for Dark Pools:
‘Remarkable … even long-time participants in electronic markets will learn a lot from this book.’
" - Forbes
"
Praise for The Quants:
‘Fascinating and deeply disturbing … Patterson gives faces and personalities to the quants, making their saga accessible and intriguing … [he’s] onto a big story that begs follow-up.’
" - New York Times
Формат: Скан PDf
https://www.yakaboo.ua/ua/chaos-kings-how-wall-street-traders-make-billions-in-the-new-age-of-crisis.html