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Investing: the Last Liberal Art By: Robert Hagstrom Normal price: 9.99 Our price: 9.49 + postage Bargain: save £0.5 ! Product code: 14787 ISBN: 1587991381 224 pages Format: Pb Published by: Texere, 2002, 1st edition There are no reviews available for this book

Description of Investing: the Last Liberal Art

'Investing: The Last Liberal Art' offers a unique picture of investing within the larger world. It explains how investment management works by borrowing the big ideas from other complex disciplines: biology, economics, mathematics, philosophy, physics, and psychology. In the biology chapter, Hagstrom analyzes the central nervous system and the immune system as complex adaptive systems and then draws parallels with the behaviour of the economy and the stock market. In the physics chapter, he explores a mathematical distribution and considers the advantages of scale in relation to the 'bigger is better' models that define the business strategies of Wal-Mart, McDonald's, and Home Depot. NOTE: this book was first published in hardback under the title 'Latticework'.

Investing: the Last Liberal Art - Chapter headings

1. A Latticework of Mental Models 2. Physics: The Point of Equilibrium 3. Biology: The Origin of a New Species 4. Social Sciences: Ants, Avalanches and Complex Systems 5. Psychology: Minds of the Markets 6. Philosophy: A Pragmatic View of Investing 7. Literature: Read for Thought 8. Decision Making

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