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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 radicalization, religious fundamentalismall 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 directionswhile others cling to the hope that paying close attention to the data will foreclose any true surprises from happening. Most famous among the former group of big-bet traders are those who run the Universa fund, helmed by manager Mark Spitznagel and built on the strategy of one of its chief investors Black Swan author Nicholas Taleb. On days of extreme upheaval, Universa has made as much as $1 billion. In researching Chaos Kings, author Scott Patterson not only gained exclusive access to Universa strategists, but he also combed Wall Street to find market players with similar models. Additionally, he 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 disasterand win. Riveting, relevant, and revelatory, this is a must-read for anyone curious about how some of today's investors alchemize catastrophe into profit.
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Pictures & Illustrations
Although we have photographed the majority of our products, some still feature stock images for illustration purposes only. Please note that the cover design of the actual product may differ from what is shown.
Condition & Availability
All our books are secondhand unless stated otherwise. Since we operate a network of physical stores in addition to our online presence, and update our Bobshop inventory only at the close of each business day, there may be occasions where items listed as available online have already been sold in-store. In such instances, we will provide a full refund promptly.
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