{"product_id":"chaos-kings-how-wall-street-traders-make-billions-in-the-new-age-of-crisis-paperback","title":"Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eScott Patterson\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eWritten by a veteran \u003ci\u003eWall Street Journal \u003c\/i\u003ereporter, this is a fascinating and \"closely observed chronicle of the storm-chasing edgelords of finance and the critics with whom they clash\" (\u003ci\u003eThe New York Times\u003c\/i\u003e)--the billion-dollar traders and crisis predictors who strive to turn extreme events into financial windfalls.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThere's no doubt that our world has gotten more extreme. Pandemics, climate change, superpower rivalries, cyberattacks, political radicalization--virtually, everywhere we look there is mayhem bearing down on us, putting trillions of assets at risk. \u003cp\u003e\u003c\/p\u003eAnd at least two factions have formed around how to respond. In \u003ci\u003eChaos Kings\u003c\/i\u003e, Scott Patterson depicts how one faction, led by Nassim Nicholas Taleb, bestselling author of \u003ci\u003eThe Black Swan, \u003c\/i\u003ebelieves humans can never see the big disaster coming. In their view, extreme events--so-called Black Swans--while inevitable, will always catch us by surprise. In 2007, Taleb's longtime collaborator, Mark Spitznagel, launched the Universa hedge fund, which would go on to make billions protecting investors against unforeseen chaos in the market. \u003cp\u003e\u003c\/p\u003eA second faction, which relies on complex formulas, believes looming chaos \u003ci\u003ecan\u003c\/i\u003e be detected. Chief among these risk prognosticators is Didier Sornette, a colorful French mathematician who enjoys riding his motorcycle at speeds in excess of 170 miles per hour. When Sornette looks out from what he calls his Financial Crisis Observatory in Zurich, Switzerland, what he sees are Dragon Kings--punishing events that are unlikely to occur but have probabilities that can be predicted...and defended against. \u003cp\u003e\u003c\/p\u003eWhich faction is right? All of our financial futures may depend on the answer. \"Detailed yet accessible, this will appeal to fans of Michael Lewis's \u003ci\u003eThe Big Short\u003c\/i\u003e\" (\u003ci\u003ePublishers Weekly\u003c\/i\u003e).\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eScott Patterson has been a reporter for nearly two decades, mostly at \u003ci\u003eThe\u003c\/i\u003e \u003ci\u003eWall Street Journal\u003c\/i\u003e in New York City; Washington, DC; and London. Most recently, he has been focused on the negative impacts of climate change and their effect on the financial system. His 2010 \u003ci\u003eNew York Times\u003c\/i\u003e bestseller \u003ci\u003eThe Quants \u003c\/i\u003ewas about the rise of mathematical traders and their near destruction of the financial system. His second book, \u003ci\u003eDark Pools\u003c\/i\u003e, exposed high-frequency trading risks and was lauded by a pantheon of financial writers, including James Stewart and Michael Lewis. A winner of the Loeb Breaking News Award, Patterson has made frequent appearances in the media, including on CNBC, \u003ci\u003eThe Daily Show\u003c\/i\u003e, and \u003ci\u003eFresh Air\u003c\/i\u003e. He lives in Alexandria, Virginia, with his wife and son.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 336\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.2 x 8.2 x 5.5 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e July 02, 2024\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":49150958698748,"sku":"9781982179946","price":34.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0002\/8344\/3259\/files\/Nd1m9ApiMH9781982179946.webp?v=1780337946","url":"https:\/\/howardimports.myshopify.com\/products\/chaos-kings-how-wall-street-traders-make-billions-in-the-new-age-of-crisis-paperback","provider":"Zyayre","version":"1.0","type":"link"}