This one of George Soros new books. This book goes deep into the current financial crisis, and basically what it means. The first half is about his theory of reflexivity and how it applies to the financial markets. He describes how the current theories, and idea that markets trend towards equilibrium but take occasional walks, is wrong. The first half is tough to get through and requires a lot of thinking, but once you... [Read More]

Risk experts do not understand risk. The Bell Curve has been abused since its inception. You are exposing yourself to risks you don't even know about. Nassim Taleb's hit followup to Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life exposes the academic and risk community for failing at modeling risk, while denying he's any better. Taleb focuses primarily on theory and ideas rather than direct... [Read More]