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Stalking the Black Swan
While many books talk about forecasting and decision making, this one is particularly engaging because of Kenneth A. Posner's personal experience - and the honesty with which he discusses it. As a longtime analyst at Morgan Stanley, Posner had to make decisions about whether to invest in many recent high-profile, high-stakes "Black Swan" anomalies. He explains general models and approaches to dealing with uncertainty, sorting information, and developing your analytical skills and judgment. That alone is worthwhile, but the book is especially lively when Posner reviews his specific decisions. He shares his reasoning and exposes his successes and his failures to public view. The result is a knowledge-dense but very readable work that getAbstract recommends to all analysts, but also to those who want to deal with information overload and improve their decision making.
Running the Long Path
Finalist for the 2016 Foreword INDIES Book of the Year Award in the Sports category Have you ever considered running 350 miles in nine days? Kenneth A. Posner did just that when he completed a record-setting run along New York's Long Path, a 350-mile hiking trail that stretches from New York City to Albany. Running the Long Path's page-turning narrative combines the thrill and challenges of Posner's extreme endurance feat with the stunning natural beauty and deep historical significance of New York's Hudson Valley. A one-time casual runner, Posner shares his excitement of developing into a trail-runner and eventually an ultrarunner, as well as the pursuit of a "fastest known time"—a new di...
A Failure of Capitalism
The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reade...
The Columnist
THE STORY: From the Pulitzer and Tony award-winning author of Proof , a drama about the press and power, sex and betrayal. At the height of the Cold War, Joe Alsop is the nation's most influential journalist, beloved, feared and courted by th
Urban Regimes and Strategies
If a city based its planning decisions on the needs of an international bureaucracy rather than on the traditional needs of local residents and businesses, how would that city change? Alex G. Papadopoulos addresses this question with a detailed study of how the nineteenth-century quartiers of Leopold and Nord-Est in Brussels have been transformed materially and functionally since the European Communities decided to locate their administrative headquarters there in 1957. Drawing on game and rational-choice theories, spatial analysis, and urban morphology studies, Papadopoulos analyzes how the landscape of Brussels's center has evolved over the last three decades under the influence of successive coalitions of local and foreign elites. He describes how international real-estate developers form ephemeral, flexible, and specialized regimes of cooperation with governmental organizations at all levels and with special-interest lobbies to carry out major urban projects, while local neighborhood groups, conservationists, and political factions such as the Green Party oppose them with qualitatively similar regimes of resistance.
Getting Away with Murder
THE STORY: The esteemed and retired Dr. Conrad Bering has selected, out of countless applicants, several individuals for private as well as Group therapy. It seems this Pulitzer Prize- winning doctor might be writing another book and it further see
How Judges Think
A distinguished and experienced appellate court judge, Richard A. Posner offers in this new book a unique and, to orthodox legal thinkers, a startling perspective on how judges and justices decide cases. When conventional legal materials enable judges to ascertain the true facts of a case and apply clear pre-existing legal rules to them, Posner argues, they do so straightforwardly; that is the domain of legalist reasoning. However, in non-routine cases, the conventional materials run out and judges are on their own, navigating uncharted seas with equipment consisting of experience, emotions, and often unconscious beliefs. In doing so, they take on a legislative role, though one that is confi...
A View from the Bridge
A modern classic examining themes of sexuality, responsibility, betrayal and vengeance.
An Affair of State
President Bill Clinton’s year of crisis, which began when his affair with Monica Lewinsky hit the front pages in January 1998, engendered a host of important questions of criminal and constitutional law, public and private morality, and political and cultural conflict. In a book written while the events of the year were unfolding, Richard Posner presents a balanced and scholarly understanding of the crisis that also has the freshness and immediacy of journalism. Posner clarifies the issues and eliminates misunderstandings concerning facts and the law that were relevant to the investigation by Independent Counsel Kenneth Starr and to the impeachment proceeding itself. He explains the legal ...
