Senin, 30 Maret 2015

[B309.Ebook] Download PDF Fully Engaged: How to DO Less and BE More, by John Busacker

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Fully Engaged: How to DO Less and BE More, by John Busacker

Want to live an astonishing life? One you feel good
about each morning as you awake? One that makes
others marvel and say, “Your life is simply amazing”?
We all long to feel connected, joyful, and alive. To love
what we do and who we are. Fully Engaged provides
answers to your real questions about balancing life’s
competing demands and an action plan for pursuing
an exciting future. It coordinates daily choices with your
core values and beliefs and creates simple solutions to
follow through on your dreams. You can experience that
astonishing, engaged life, where each day is packed with
purpose and passion. It’s time to make good on all the
talents and promise you were born with—and to enjoy
the satisfaction that results.

  • Sales Rank: #1209600 in Books
  • Published on: 2011-05-01
  • Original language: English
  • Number of items: 1
  • Dimensions: .60" h x 5.10" w x 7.10" l, .65 pounds
  • Binding: Hardcover
  • 144 pages

About the Author
BUSACKER, author of 8 Questions God Can’t Answer and architect of Life-Based Financial Planning™, is
president of The Inventure Group, a global leadership-consulting firm, and founder of Life-Worth, LLC, a
life-planning creative resource. As a sought-after speaker and facilitator on self-leadership and
personal engagement, John has traveled to six continents.

Most helpful customer reviews

4 of 4 people found the following review helpful.
Mostly great stuff...
By WisdomReaders
Overall I thought this book was good. It had some negatives and some positives...let me explain:

The Negative...
It was hard for me not to notice right away on the jacket of the book the list of all the things the author is involved in...kind of ironic!

There were also a couple of times Busacker said this: "Abundance creates contentment."
I fully and whole heartily disagree.
This is not a Biblical concept. Thankfulness for what God has given you creates contentment and looking to Him to find the strength to do that. (Philippians 4:11-13)

These were just a couple small statements that did seem to come out of no where and the rest of the book didn't reflect that thought, so if you keep this in mind, I would say that the rest of the book was really motivational(...almost too much at times...like you are back in High School at a pep rally. But he is a motivational life speaker, so it comes with the territory!)!!

The Positive...
One of the best parts of this book was reading a line out loud to my husband and having it really encourage and bless him,
"Then he asked, 'What do you think is the most important characteristic a leader must possess to be successful?' My honest response was 'She or he must have been broken-physically, spiritually, professionally, personally, relationally-and then gotten up, dusted themselves off, and continued forward with the wisdom from that loss seared in both mind and heart. I would never follow a leader that is unbroken. He or she lacks the compassion and humility to lead others.'...And the truth is that the seeds of consistent full engagement are forged in the moments that test us to the depth of our being. It is there that we learn what really matters and acquire the necessary humility to depend on God's great grace, rather than on our own inconsistent efforts."
Beautiful.

Some of the end of the chapter life planning exercises where kind of pointless feeling, but others were wonderful...one made me realize that this statement is what I believe God has given me passion for to be reflected in my life:

Creating simple beauty for encouragement, healing and joy for myself and others as we draw closer to Jesus.

This is reflected through my children, photography, homemaking, notes to others, etc...underneath it all lies this passion.

Even though this book is written to better understand your passions for your job and then focus your energy on that, it was easily transferable to the career of a stay-at-home-mom. It reminded me of why I want to stay at home and homeschool my children, and that the Lord has given me strengths to do just that and to not do it with a half-heart, time or attention.

This book was an easy read. Also, the book was a well made and even had an attached ribbon bookmark...I thought it was a nice touch and very cute. But I'm a girl and I really like cute things. =)

So, if you are looking for hard core theology, this might not be the book for you. If you are looking for a light read that is full of motivation for your life, this is just the book for you!

0 of 0 people found the following review helpful.
waste of my time
By zachsgramma
I purchased this book to participate in a class. I was disappointed with both the class and the book. This is basic stuff and if you are very young and need direction it might be helpful. Otherwise, save your money.

1 of 1 people found the following review helpful.
Live with Purpose
By adayriddle
In today's high speed society of doing more and getting more this book calls for some self examination of what drives us. If you feel that life is speeding by, filled with things and action - yet at night you feel unfulfilled and longing for meaning this book is the one to read.

In his book Busacker explores how we can do less in life and be more - an oxymoron in the truest since. For we are taught from birth to have a desire for more, more, more. Somehow we become engaged in a race for more things, more activities, more work, more service and yet we end the day feeling that all is lost - nothing has meaning. Though we have achieved the next promotion or pay raise, though we have acquired the cars and the house, though we serve on every committee at church we still feel driven to do more in order to find the feeling of contentment we truly long for - that feeling of having achieved.

Busacker begins the book with a thought-provoking statement: " Life worth is the investment you make into and the return you receive". This is stated after the acknowledgement that most of us live by the net worth of ourselves as the standard of achievement rather than life worth. This seems simple enough but really is quite a radical thought in today's society. The simplicity is shockingly profound - we are worth what we invest (emotionally and spiritually) in life not what we gain in materials. Our worth is in God and in living out God's will in an active, totally sold out way!

In addressing how BE more by Doing Less Busacker explores 3 major themes:
1. Awareness: living life with purpose. Knowing your worth, sharing your story, and doing what matters.

2. Alignment: How does what you have and what you do match with what you want.
I especially like this section as it calls us to be actively, totally involved in all parts of our life - having a passion to enjoy every moment and make in worthwhile.

3. Action: How do you move forward.

The over all theme is to live life with a directed purpose - to get the most out of every moment and make every moment count.

I recently read on a friends Facebook wall the following statement, "What good is it to own my own business and get everything I've ever wanted when I'm never home to enjoy any of it - or too tired when I am home".

The comments following his were a sad statement of striving for net worth instead of life worth: "One day you'll enjoy all of it", "It will be worth it when you retire", "Hard work is a great thing - you've never shied away from a challenge".

As you see the drive is more, more, more. Yet my friend made a profoundly simple statement - What good is it when I'm never home to enjoy it?

When I read this book I immediately thought of him - net worth without life worth is really worthless. He has more and does more - but in the end actually has less because he can't be fully and purposefully engaged in making the most of his life.

Thank you B&B Communications for this review copy.

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Jumat, 20 Maret 2015

[A654.Ebook] Download Ebook Chocolate, Strawberry, and Vanilla: A History of American Ice Cream, by Anne Cooper Funderburg

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Chocolate, Strawberry, and Vanilla: A History of American Ice Cream, by Anne Cooper Funderburg

Ice cream has a singular place in American cuisine as both a comfort food and festive treat. Fudge ripple is a consolation for a minor disappointment, and butterscotch swirl is a reward for reaching a personal goal.
Chocolate, Strawberry, and Vanilla traces the evolution of ice cream from a rarity to an everyday indulgence. It covers the genesis of ice cream in America, the invention of the hand-cranked ice cream freezer, the natural ice industry, the beginnings of wholesale ice cream manufacturing, and the origins of the ice cream soda, sundae, cone, sandwich, and bar. It also recounts the histories of many brands, including Dairy Queen, Good Humor, Eskimo Pie, Ben and Jerry's, Baskin-Robbins, and Haagen-Dazs. This history of ice cream reflects and reveals changes in social customs, diet and nutrition, class distinctions, leisure activities, and everyday life.

  • Sales Rank: #2139777 in Books
  • Published on: 1996-04
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.50" h x 6.25" w x .75" l,
  • Binding: Hardcover
  • 211 pages

Review
This history of American ice cream traces its evolution in this country, from technological advancements which elevated it from an unusual rarity to a household staple to the roots of wholesale ice cream manufacturing. Inventions of brand names and specialties are also covered in this excellent history: no recipes here, but solid social and culinary history researches an appealing topic cooks will find engrossing. -- Midwest Book Review

From the Back Cover
Chocolate, Strawberry, and Vanilla traces the evolution of ice cream from a rarity to an everyday indulgence. It covers the genesis of ice cream in America, the invention of the hand-cranked ice cream freezer, the natural ice industry, the beginnings of wholesale ice cream manufacturing, and the origins of the ice cream soda, sundae, cone, sandwich, and bar. It also recounts the histories of many brands, including Dairy Queen, Good Humor, Eskimo Pie, Ben and Jerry's, Baskin-Robbins, and Haagen-Dazs. In short, this history of ice cream describes how a borrowed European elite consumable evolved through entrepreneurialism and demand in America into a democratized treat for all classes. It simultaneously reflects and reveals changes in social customs, diet and nutrition, class distinctions, leisure activities, and everyday life.

Most helpful customer reviews

0 of 0 people found the following review helpful.
Lots of info, fun to read
By Monica Rogers
There have been a flurry of scholarly books published in the last few years on the history of ice cream, but one that preceded them, Anne Cooper Funderburg's 1995 "Chocolate, Strawberry, and Vanilla: A History of American Ice Cream" is still a favorite of mine for sheer depth of quirky fact and odd information. I loved learning, for example, that after the Civil War, street peddlers in big cities nationwide were known as Hokey Pokey Men-and that the cheap ice cream they sold was called "Hokey Pokey." Even better? Funderburg's explanation that etymologists still quibble over the origin of the Hokey Pokey moniker-some linking it to the Italian for "O, che poco!" Meaning, "Oh how little!" or "Oh how cheap!" Throughout, Anne packs lots of well-researched story, but keeps the delivery light as the beloved subject.

7 of 11 people found the following review helpful.
Yum!
By A Customer
Not only was this one of the quirkiest and funniest things I've read in a long time, but it's downright informative, too! Funderburg must have gone through so much research to bring the complete history of ice cream to light. A real treat!

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Rabu, 18 Maret 2015

[K811.Ebook] Get Free Ebook Kyusho Jitsu - 10 best points, by Evan Pantazi

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Kyusho Jitsu - 10 best points, by Evan Pantazi

Taught by celebrated aithor Evan Pantazi this book tecahes the practical self defense skills with pressure points. Filled with full color pages. Each of the ten points are well explained and illustrated with full color easy to follow high quality full color photos. Kyusho Jitsu techniques taught in this book are the real deal and once you try them we think you will agree they really do work and are not just theoritical.

  • Sales Rank: #824674 in Books
  • Published on: 2011-07-27
  • Binding: Paperback
  • 103 pages

Most helpful customer reviews

0 of 0 people found the following review helpful.
This is a gredat book on kyusho points. You ...
By charles laczkoskie
This is a gredat book on kyusho points. You can learn to defend yourself without having to resort to brute force.

0 of 1 people found the following review helpful.
Not what it is cracked up to be
By Daniel Young
Not the best book vary short the guy should have stuck with dillman and wrote a better book.

0 of 1 people found the following review helpful.
Five Stars
By Amazon Customer
شكراً
thank you

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Senin, 16 Maret 2015

[E263.Ebook] PDF Download Gather Comprehensive Guitar Accompaniment Volume 1 (1-329), by GIA Publications

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  • Sales Rank: #9054414 in Books
  • Published on: 1994
  • Binding: Spiral-bound

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Kamis, 12 Maret 2015

[H245.Ebook] Ebook Tie-Ins For Life, by Joseph C. Shusko

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How do you teach values? How do you keep yourself and others motivated and positive under the stresses of everyday life, not to mention the rigors of combat as a U.S. Marine? “Not with lectures, that is for sure,” says Joseph “Joe Marine" Shusko. Joe Shusko has mentored hundreds of Marines, police officers, and regular folk with great success for over thirty years. His secret? He tells them stories that inspire moral behavior and an enthusiastic perspective on life. He calls these stories “tie-ins” because they do more than make you feel good, they inspire moral action. “Ethics,” says Joe, “are moral values in action. I typically give a ‘tie-in’ to my students after we have done some physical exercise together, especially martial arts training. This allows me to ‘tie’ a moral lesson to the physical action in order to make Ethical Warriors.” Now he has written down his collection of world-famous tie-ins for anyone and everyone to enjoy. Pick up the book, open to any page, and feel a moral rejuvenation! Joe has worked assiduously to craft tools that enable and inspire young leaders to examine themselves mentally, emotionally, physically and spiritually. - MajGen Thomas Jones, USMC (Ret) I have heard Joe tell these stories in front of many audiences, from battle-hardened Marines to skeptical civilians and everyone in between. The reaction? “These stories are great!” And they are great, because Joe has found the secret to teaching moral values: tell stories that inspire moral action. - Jack E. Hoban, President of Resolution Group International

  • Sales Rank: #257343 in eBooks
  • Published on: 2011-11-10
  • Released on: 2011-11-10
  • Format: Kindle eBook

Most helpful customer reviews

3 of 3 people found the following review helpful.
Motivational
By Booklover17
The collection of vignettes along with the author's personal notes are very inspirational. Motivational stories both poignant and meaningful abound in this book. Well worth it for young and old readers alike!!

2 of 2 people found the following review helpful.
Almost too useful
By Amazon Customer
I work as a Crime Prevention Officer in a large metropolitan police department. I purchased this book after attending the RGI Conflict Resolution Skills Course as the book was featured during the training.

After returning to work and sharing this book with several co-workers, I now find myself constantly searching for it. They are constantly borrowing it to read for themselves and to use in presentations. It has become an invaluable resource for us as we train the community and fellow officers.

This collection of short meaningful tales does an invaluable job, helping to teach values and morals. Think of it this way, what would be more effective with an audience; Telling them to be respectful of each other or sharing an entertaining short story that demonstrates that value in action?

2 of 2 people found the following review helpful.
Wonderful book of Values and beliefs
By Shelly Mamot
My daughter is in Marine boot camp and wrote me and asked to get this book and send her pages to read with my letters I send her. As I read the pages I sent to her I realized this is a great book not only for my daughter who is going through the hardest toughest thing she has ever done, but it would be a great book for other people in my life I wanted everyone to read it. I ending up buying 4 more books to send to family and friends what a wonderful gift to give. I will be purchasing more to send to people that I love.

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Senin, 09 Maret 2015

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Preservatives for Cosmetics, Third Edition [Hardcover] [2012] (Author) David Steinberg, Brian W. BudzynskiFrom Allured Pub Corp

  • Published on: 2012
  • Binding: Hardcover

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Selasa, 03 Maret 2015

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Herman Kahn probes the dynamics of escalation and demonstrates how conflict intensifies as opponents ascend a ladder of escalation.

  • Sales Rank: #3801416 in Books
  • Published on: 1965
  • Number of items: 1
  • Binding: Mass Market Paperback

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Real Estate Valuation is written from the perspective that principles and applications are more important than processes. While detailed solutions are included for a wide variety of appraisal problems, the emphasis is always on the principle, not on how to crunch the numbers through a "formula." The goal is to teach students to think about valuation in a logical, intuitive way, so they can creatively solve real-world problems.

  • Sales Rank: #2068600 in Books
  • Brand: Brand: Richard D Irwin
  • Published on: 1997-06
  • Ingredients: Example Ingredients
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.75" h x 7.75" w x 1.00" l,
  • Binding: Hardcover
  • 479 pages
Features
  • Used Book in Good Condition

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1 of 4 people found the following review helpful.
Real Estate Valuation in the Netherlands
By J.E.ten Hope
Excellent book with very good practical issues. ...
I am a valuation expert since 25 years and a part-time teacher and this is the first realy well written book with a practical approach....

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Senin, 23 Februari 2015

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  • Published on: 1609
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Jumat, 13 Februari 2015

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Infinity Rises (The Infinity Trilogy Book 2), by S. Harrison

Finn Blackstone is in trouble. A mission to find out the truth about her mysteriously absent father has morphed into a perilous game of cat and mouse. Now Finn and her friends must navigate a terrifying futuristic landscape filled with machines intent on the group’s annihilation.

As Finn struggles against external forces, she faces an imminent threat as she grapples with her alter ego, Infinity. By accessing her memories, Finn catches a glimpse of Infinity’s capabilities and feels a growing sense of horror at her past. But the more Finn and Infinity interact, the more the game shifts under their feet. In a world where it’s hard to tell your friends from your enemies, Finn’s past rears its ugly head to trip her up in unthinkable ways.

Finn must summon every ounce of strength she has to overpower her adversaries in a bone-rattling roller-coaster ride hurtling her toward an unknown future.

  • Sales Rank: #8289 in eBooks
  • Published on: 2016-01-05
  • Released on: 2016-01-05
  • Format: Kindle eBook

About the Author

S. Harrison is an author from New Zealand, where he often indulges in his love of watching superhero movies and art house films. He frequently escapes to the many islands of the South Pacific, where he is hard at work on his writing.

Most helpful customer reviews

8 of 8 people found the following review helpful.
Wanted more
By Amazon Customer
I was looking forward to this release and even per-purchased as I wanted it as soon as it came out. What to say, I guess why the low rating is due to the fact so much time is a rehash of the first book. Disappointed as the first book was so intense and pulled me into the story, it took me over half way through the book to really get into the story this time. Knowing it is a trilogy I was prepared for the continuation but how the book left it, well fine for a television show but a novel, not so good.

7 of 7 people found the following review helpful.
Did not move forward
By Amazon Customer
honestly this book just kind of pissed me off. This book just expands on what happened when infinity took control toward the end of the 1st book. So you really on my move a couple of hours forward in time. That being said the content of the book was a lot of flash and not a lot of substance. It was like one of those Hollywood movies on steroids, explosions, gun fire and ridiculous car chases. You know at the end where everyone is still wearing their makeup and their hair is still perfect. Anyways, I will probably read the 3rd book out of pure curiosity....

8 of 9 people found the following review helpful.
Disappointing
By hummer
Very disappointing. I really enjoyed the first Infinity book but this one as a big let down for me. If you enjoy fights scenes, one after the other, you won't have a problem with this book. There wasn't a lot of story here, just fighting, fighting, fighting. I could sum up the book in one sentence. Infinity comes out, has to fight drones, soldiers etc and some of the classmates make it out alive. However, you don't know enough about them to really care. This book is like a prequel to the next book. My opinion of what the next one will be: Finn and Infinity merge, Finn finds out that Bit was planted at the school to watch over her and report to her father and although Infinity would gladly kill her father Finn will win out and not let her. Save your money and skip to the third book, if you are still interested.

See all 208 customer reviews...

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Selasa, 10 Februari 2015

[K913.Ebook] PDF Download Inside the Black Box: A Simple Guide to Quantitative and High Frequency Trading, by Rishi K. Narang

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Inside the Black Box: A Simple Guide to Quantitative and High Frequency Trading, by Rishi K. Narang

Inside the Black Box: A Simple Guide to Quantitative and High Frequency Trading, by Rishi K. Narang



Inside the Black Box: A Simple Guide to Quantitative and High Frequency Trading, by Rishi K. Narang

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Inside the Black Box: A Simple Guide to Quantitative and High Frequency Trading, by Rishi K. Narang

New edition of book that demystifies quant and algo trading

In this updated edition of his bestselling book, Rishi K Narang offers in a straightforward, nontechnical style—supplemented by real-world examples and informative anecdotes—a reliable resource takes you on a detailed tour through the black box. He skillfully sheds light upon the work that quants do, lifting the veil of mystery around quantitative trading and allowing anyone interested in doing so to understand quants and their strategies. This new edition includes information on High Frequency Trading.

  • Offers an update on the bestselling book for explaining in non-mathematical terms what quant and algo trading are and how they work
  • Provides key information for investors to evaluate the best hedge fund investments
  • Explains how quant strategies fit into a portfolio, why they are valuable, and how to evaluate a quant manager

This new edition of Inside the Black Box explains quant investing without the jargon and goes a long way toward educating investment professionals.

  • Sales Rank: #95916 in Books
  • Brand: Brand: Wiley
  • Published on: 2013-03-25
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.30" h x 1.13" w x 6.30" l, 1.16 pounds
  • Binding: Hardcover
  • 336 pages
Features
  • Used Book in Good Condition

Review
"Rishi Narang breaks down the complexities of quantitative investing into straightforward concepts that are accessible to a wide audience of investors, not just 'math types.' But Inside the Black Box does more than that—it provides a valuable framework for assessing any investment strategy. It's well worth reading regardless of experience level or numerical acumen."
—CRAIG DANDURAND, Portfolio Manager–Absolute Return Strategies, California Public Employees' Retirement System (CalPERS)

"Rishi provides a comprehensive overview of quantitative investing that should prove useful both to those allocating money to quant strategies and those interested in becoming quants themselves. Rishi's experience as a well-respected quant Fund of Funds manager and his solid relationships with many practitioners provide ample useful material for his work."
—PETER MULLER, founder, PDT Partners

"Quantitative trading, like all investment strategies, gets more complex yet more interesting the deeper you dig into it. Rishi deftly peels back the layers, walking readers through each building block and their combination, then providing useful chapters on evaluating model-based approaches and finally a new section surveying high-frequency trading. Anyone approaching the space will learn something from this clear, thorough, and readable book."
—ALEKSANDER WEILER, CFA, Senior Portfolio Manager, Public Market Investments, Canada Pension Plan Investment Board

"Rishi continues to demystify even more quantitative trading areas in this excellent new edition. Significant updates include several new chapters that shine much-needed light on high-speed and high frequency trading. This book continues to be a must-read for anyone interested in quantitative trading."
—STEVE EVANS, Managing Director of Quantitative Trading, Tudor Investment Corporation

"In Inside the Black Box: A Simple Guide to Quantitative and High-Frequency Trading, Rishi Narang demystifies quantitative trading. His explanation and classification of alpha will enlighten even a seasoned veteran."
—BLAIR HULL, former founder of Hull Trading Co. and founder of Ketchum Trading

"In this updated edition, Rishi again provides an insightful taxonomy of a wide range of systematic trading strategies in liquid instruments. Without the extensive use of complex formulae, this book offers intuitive explanations of some of the choices faced by quants in constructing trading systems, and is a valuable read for investors and quantitative trading practitioners alike."
—ROSS GARON, Managing Director, Quantitative Strategies, SAC Capital Advisors, LP

"Rishi takes a complicated subject and distills it down to its essentials using non-technical language and numerous concrete examples to bring concepts alive. Inside the Black Box provides readers with a valuable framework to understand the various components of quant strategies and insights on how to evaluate and interview quant managers. Inside the Black Box is a useful reference guide for any institutional allocator to quant strategies."
—DAREN SMITH, CFA, CAIA, FSA, Managing Director, Manager Selection & Portfolio Construction, University of Toronto Asset Managment

"If a car were a black box, Rishi would be the gentle voice of the navigation system. Not the one driving, but if you want to know where everyone is going: just listen."
—HAROLD de BOER, CEO, Transtrend

"Rishi presents a thorough overview of quant trading in an easy-to-read format, free of much of the hype and hysteria that has recently surrounded computerized trading. The book clearly categorizes the different types of strategies, explaining in plain English the basic ideas behind how and when they work. Most importantly, it dispels the popular notion that all quants are the same, exposing the diversity of the types of skills and thinking that are involved in quant trading and related disciplines. An excellent read for anyone who wants to understand what the field is all about."
—Shakil Ahmed, PhD, Global Head of Market Making, Citi Equities

"To look at the man, you would never know that Rishi could write so clearly and effectively about something as complex as quantitative trading and investment. But he does and does it brilliantly. And, even if you already own the first edition, you should buy this one, too. The new material on high speed trading is worth the price of admission, and you will have a chance, especially in Chapter 16, to see Rishi at his incisive and high spirited best. If you don't laugh out loud, you have no soul."
—Galen Burghardt, Director of Research, Newedge

"Quant managers will find their meetings with investors to be smoother if the investors have read this book. And even more so if the manager him or herself has read and understood it."
—David DeMers, Portfolio Manager, SAC Capital Advisors, LP

"In this second edition of Inside the Black Box Rishi highlights role of quant trading in recent financial crises with clear language and without using any complex equations. In chapter 11 he addresses common quant myths. He leads us effortlessly through the quant trading processes and makes it very easy to comprehend, as he himself is a quant trader."
—Pankaj N. Patel, Global Head of Quantitative Equity Research, Credit Suisse

“Something that every trader should aspire to, whether his eventual trading box is black or translucent. In brief, this book is not just for those who want to know what quants do (though it does an excellent job of describing their role in the investment community) but for everyone whose trading is informed by more than dart throwing or gut reactions. … The text is highly readable. No math is required, only, I would suggest, an interest in scientific inquiry and a curiosity about the world that the mathematical elite inhabit. Inside the Black Box is an enlightening and potentially enriching read.”
—Investing.com

From the Inside Flap

Whether you call it quant, algo, or black box trading, it all adds up to the same thing: systematic trading performed by computers.

While some decry it as dangerously detached from human control, and a driver of excessive volatility in the markets, others see quantitative trading as a welcome departure from the unruly passions and cognitive biases that inform human investment decision making.

Say what you will about quant trading, the fact is, overall, quant funds consistently outperform the markets—which may be why so many smart investors are keen to avail themselves of that black box magic.

Unfortunately, much remains obscure about quantitative trading, thanks in great part to the extreme guardedness of quants when it comes to the details of how their systems work. But, as quant-trader and master explainer Rishi Narang deftly shows in this updated edition of his bestselling guide, quantitative trading is much easier to understand and take advantage of than you think.

Designed to make quantitative trading comprehensible to even the most math- or technophobic investor, this book takes you on a guided tour inside the black box. In plain English, Mr. Narang turns the lights up on what the quants are up to, once and for all lifting the veil of mystery surrounding quantitative trading and quantitative trading strategies.

Following a concise introduction to quantitative trading principles and general practices, Mr. Narang cuts to the chase with a detailed inventory of the contents of a typical black box system, explaining, in non-technical terms, what each one is and how it fits together with the others.

Then, with the help of numerous real-world examples and lively anecdotes, he clearly explains:

  • The most common quant system structures
  • How quants capture alpha
  • The level of discretion in quant trading
  • High-frequency trading and the infrastructure that supports it
  • Execution algorithms and how they work
  • How quants model risk and how to know if a particular model really works
  • The important difference between theory-driven systems vs. data-mining strategies
  • How to evaluate quant managers and their strategies
  • How quant strategies can fit into an overall portfolio strategy—and why they're so important
  • Current and future trends in quant trading and the role it will play in the years ahead

A book that lifts the lid on black box trading, making it transparent, intuitively sensible, and readily understandable, Inside the Black Box is a must-read for institutional investors, asset managers, investment advisors, pension fund managers, and all savvy investors looking to gain an edge in today's turbulent financial markets.

From the Back Cover

High Praise for Inside the Black Box

"Rishi provides a comprehensive overview of quantitative investing that should prove useful both to those allocating money to quant strategies and those interested in becoming quants themselves. Rishi's experience as a well-respected quant Fund of Funds manager and his solid relationships with many practitioners provide ample useful material for his work."
—PETER MULLER, founder, PDT Partners

"Quantitative trading, like all investment strategies, gets more complex yet more interesting the deeper you dig into it. Rishi deftly peels back the layers, walking readers through each building block and their combination, then providing useful chapters on evaluating model-based approaches and finally a new section surveying high-frequency trading. Anyone approaching the space will learn something from this clear, thorough, and readable book."
—ALEKSANDER WEILER, CFA, Senior Portfolio Manager, Public Market Investments, Canada Pension Plan Investment Board

"Rishi continues to demystify even more quantitative trading areas in this excellent new edition. Significant updates include several new chapters that shine much-needed light on high-speed and high-frequency trading. This book continues to be a must-read for anyone interested in quantitative trading."
—STEVE EVANS, Managing Director of Quantitative Trading, Tudor Investment Corporation

"In Inside the Black Box: A Simple Guide to Quantitative and High-Frequency Trading, Rishi Narang demystifies quantitative trading. His explanation and classification of alpha will enlighten even a seasoned veteran."
—BLAIR HULL, former founder of Hull Trading Co. and founder of Ketchum Trading

"In this updated edition, Rishi again provides an insightfultaxonomy of a wide range of systematic trading strategies in liquid instruments. Without the extensive use of complex formulae, this book offers intutitive explanations of some of the choices faced by quants in constructing trading systems, and is a valuable read for investors and quantitative trading practitioners alike."
—ROSS GARON, Managing Director, Quantitative Strategies, SAC Capital Advisors, LP

"Rishi takes a complicated subject and distills it down to its essentials using non-technical language and numerous concrete examples to bring concepts alive. Inside the Black Box provides readers with a valuable framework to understand the various components of quant strategies and insights on how to evaluate and interview quant managers. Inside the Black Box is a useful reference guide for any institutional allocator to quant strategies."
—DAREN SMITH, CFA, CAIA, FSA, Managing Director, Manager Selection & Portfolio Construction, University of Toronto Asset Managment

"If a car were a black box, Rishi would be the gentle voice of the navigation system. Not the one driving, but if you want to know where everyone is going: just listen."
—HAROLD de BOER, CEO, Transtrend

Most helpful customer reviews

56 of 57 people found the following review helpful.
Even better when supplemented with other books
By Newbie Algo Trader
This book gives an excellent overview of how algo trading works. Though the author would not give specific strategies, readers can get example algorithmic strategies from "Algorithmic Trading: Winning Strategies and Their Rationale" by Ernest Chan. Chan's book has mean reversion strategies and momentum strategies. If you want a trend following algorithm, you can look up "Following the Trend: Diversified Managed Futures Trading" by Andreas Clenow. If you are not afraid of learning the "R" language, you can try machine learning algorithms for stock trading in "Data Mining with R: Learning with Case Studies" by Luis Torgo. Happy Algo trading!

25 of 26 people found the following review helpful.
What's under the hood
By D. DeMers
In my opinion, this book plays a valuable role in the discussion of quantitative trading.
It is not a how-to handbook, although wannabe quants would be well served by reading it.
Anyone who is not a quant but is considering investing with a quantitative manager owes their clients a duty of understanding the potential investment,
and "Inside the Black Box" does an excellent job of laying out the important issues.
It can help a quant manager understand how to effectively describe his or her process to investors,
and can help an investor understand how to probe for the right level of detail when evaluating a manager.
As a systematic manager, I would want my investors to have read this book.

I know Rishi well, and have been through his due diligence process, which is famous for its depth and focus.
The many years of deep review of many systematic managers shows its results in that he has distilled the best practices into the right (in my opinion) abstractions.

This new edition has added quite a bit of material on "high frequency trading", a topic of some importance and controversy.
He (assisted by his brother, who has deep insight into the HFT world) lays out the key issues.
I may disagree with him on interpretation, opinion and consequences, but the material here contributes to the debate.

Some minor quibbles are just a matter of the right level of inclusion and detail.
For example, in Chapter 5 (Transaction costs) there is no discussion of adverse selection and opportuniIy cost,
nor much advice on how to actually measure and model market impact.
But one could write a full book on transaction cost, and indeed, such books exist.

I recently read Mauboussin's book "The Success Equation", which provides a good explanation of the problem of distinguishing skill from luck.
In my opinion, Rishi could have added additional value by discussing how one can get a more accurate estimate of manager skill for a quant
manager than for most discretionary managers.

This is a valuable book though it will not train you to become a successful quant.
You will understand the concepts underlying investing and how quants leverage
computational power in order to develop a scientifically driven investment process.
If you invest in hedge funds, you may learn how to improve your due diligence by focusing
on the meaningful issues underlying success for systematic managers.

19 of 22 people found the following review helpful.
Highly thought-provoking and pleasurable
By Rasheed Sabar
This book is both thought-provoking and pleasurable to read. I run a quant trading operation and the book made me reflect on the performance drivers for our strategies, for other quant strategies, and for hedge fund strategies in general.

I found the following particularly insightful: (1) observations on the relationship of value trades to carry strategies; (2) discussion of order types and market microstructure; (3) conceptualization of August of 2007; (4) process for evaluating quant managers and their process; (5) brilliant taxonomy of alphas.

It's not a book one reads to mine for strategy ideas. It's a book one reads to understand the quant space. Required reading for our new hires and summer interns.

See all 19 customer reviews...

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