An Analysis of Daniel Kahneman's Thinking Fast and Slow Thinking Fast and Slow by Daniel Kahneman offers a general audience access to over six decades of insight and expertise from a Nobel Laureate in an accessible and interesting way. Kahneman’s work focuses largely on the problem of how we think and warns of the dangers of trusting to intuition – which springs from “fast” but broad and emotional thinking – rather than engaging in the slower harder but surer thinking that stems from logical deliberate decision-making. Written in a lively style that engages readers in the experiments for which Kahneman won the Nobel Thinking Fast and Slow’s real triumph is to force us to think about our own thinking. | An Analysis of Daniel Kahneman's Thinking Fast and Slow GBP 6.50 1
An Analysis of Frederick Jackson Turner's The Significance of the Frontier in American History Frederick Jackson Turner's 1893 essay on the history of the United States remains one of the most famous and influential works in the American canon. That is a testament to Turner's powers of creative synthesis; in a few short pages he succeeded in redefining the way in which whole generations of Americans understood the manner in which their country was shaped and their own character moulded by the frontier experience. It is largely thanks to Turner's influence that the idea of America as the home of a sturdily independent people – one prepared ultimately to obtain justice for themselves if they could not find it elsewhere – was born. The impact of these ideas can still be felt today: in many Americans' suspicion of big government in their attachment to guns – even in Star Trek's vision of space as the final frontier. Turner's thesis may now be criticised as limited (in its exclusion of women) and over-stated (in its focus on the western frontier). That it redefined an issue in a highly impactful way – and that it did so exceptionally eloquently – cannot be doubted. | An Analysis of Frederick Jackson Turner's The Significance of the Frontier in American History GBP 6.50 1
An Analysis of Burton G. Malkiel's A Random Walk Down Wall Street Burton Malkiel’s 1973 A Random Walk Down Wall Street was an explosive contribution to debates about how to reap a good return on investing in stocks and shares. Reissued and updated many times since Malkiel’s text remains an indispensable contribution to the world of investment strategy – one that continues to cause controversy among investment professionals today. At the book’s heart lies a simple question of evaluation: just how successful are investment experts? The financial world was and is full of people who claim to have the knowledge and expertise to outperform the markets and produce larger gains for investors as a result of their knowledge. But how successful Malkiel asked are they really? Via careful evaluations of performance – looking at those who invested via ‘technical analysis’ and ‘fundamental analysis’ – he was able to challenge the adequacy of many of the claims made for analysts’ success. Malkiel found the major active investment strategies to be significantly flawed. Where actively managed funds posted big gains one year they seemingly inevitably posted below average gains in succeeding years. By evaluating the figures over the medium and long term indeed Malkiel discovered that actively-managed funds did far worse on average than those that passively followed the general market index. Though many investment professionals still argue against Malkiel’s influential findings his exploration of the strengths and weaknesses of the argument for believing investors’ claims provides strong evidence that his own passive strategy wins out overall. | An Analysis of Burton G. Malkiel's A Random Walk Down Wall Street GBP 6.50 1