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 Nassim Nicholas Taleb

The Black Swan: The Impact of the Highly Improbable 2007 This book is all about Black Swans: the random events that underlie our lives, from bestsellers to world disasters. Their impact is huge; they're impossible to predict; yet after they happen we always try to rationalize them. A rallying cry to ignore the 'experts', "The Black Swan" shows us how to stop trying to predict everything - and take advantage of uncertainty.

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets 2005 This is a book about luck. More specifically, it is a book about how we perceive luck, twist it around and regard it as intention or purpose. What better setting than the world of trading to invesdtigate the subject? How often has the brilliant trader, who seems to the outside world to have been granted the gift of second sight in the implementation of his strategies, been suddenly wiped out by an unexpected shift in the markets?

Dynamic Hedging 1997 If the dot-com bubble was an age of unabashed risk-taking, the prolonged hangover from that binge has fostered a period of risk aversion; this snappily titled volume is a detailed text of tools that financial organizations can use to hedge even the most minute financial activity. Crafted by an option trader who's slugged it out in the international banking netherworld of derivatives risk, this book tears apart the heady instruments of risk management. This no modern financial history for the business-minded; rather, it's a recipe book for pointy-heads who live deep in the nervous system of the global financial system.