Sabtu, 30 Juni 2012

[E399.Ebook] Ebook Free Summerland, by Michael Chabon

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Summerland, by Michael Chabon


Ethan Feld is bad at baseball. Hopeless, even. But when his father mysteriously disappears, Ethan is recruited to save him and the world by traveling the baseball-obsessed Summerlands to stop Coyote, the trickster, from unmaking existence. With help from a ragtag group of friends he meets along the way, Ethan must not only find his father and stop Coyote, but also master his position on the field. Pulitzer Prize-winning author Michael Chabon has created a distinctly American fantasy experience with baseball at its heart.

  • Sales Rank: #1121884 in Books
  • Brand: Hyperion
  • Published on: 2011-03-08
  • Original language: English
  • Number of items: 1
  • Dimensions: 8.38" h x 1.38" w x 5.50" l, 1.26 pounds
  • Binding: Paperback
  • 512 pages

Amazon.com Review
In Summerland, his first novel for young readers, Pulitzer Prize-winning author Michael Chabon attempts an American Narnia. Inspired by Lewis and Tolkien, he's created his own magical landscape on which to paint a sweeping fantasy quest, but mixes the same ingredients--folklore and new inventions--in a distinctively American way.

The plot is simple and pure, but takes a long time to tell. The setting is Clam Island, Washington, specifically the area on the western tip of the island known as the Summerlands, which enjoys zero rainfall and yearlong fine weather. Ethan Feld, a self-described really bad ball player, is recruited by a 100-year-old scout called Mr. Chiron "Ringfinger" Brown. Ethan is needed to help the ferishers, essentially fairies, to save their world from eradication. On the great infinite tree of worlds, Summerland is on the boundary between two such worlds, and a particularly destructive fairy called Coyote and his band of warriors are nearby and threatening to destroy everything.

Heroes are desperately needed to counter this threat, and their journey involves a lot of baseball, but also encounters with giants, bat-winged goblins, sea monsters, and assorted cunning magic. The novel features an ensemble cast of equal parts that shine and fade in turn, and yet the undoubtedly fine writing fails to mask the enormity and complexities of the world in which they travel, and the bad guys getting their comeuppance always seems so far away. Readers need to savor every word in Summerland to extract the best flavors from it. (Ages 10 and older.) --John McLay, Amazon.co.uk

From Publishers Weekly
In his debut novel for young readers, Pulitzer Prize winner Chabon (The Adventures of Kavalier & Clay) hits a high-flying home run, creating a vivid fantasy where baseball is king. Following the death of his mother, 11-year-old Ethan Feld and his father, a designer of lighter-than-air-dirigibles move to Clam Island, Wash. The island is known for its almost constant rain, save for an area on its westernmost tip called Summerland by the locals which "knew a June, July and August that were perfectly dry and sunshiny." In Summerland, Ethan struggles to play baseball for the Ruth's Fluff and Fold Roosters, with dismal results. But here, too, a mystical baseball scout recruits Ethan and escorts him through a gateway to a series of interconnected worlds that are home to magical creatures called ferishers and an evil, shape-changing overlord called Coyote. Ethan and two of his fellow teammates soon accept a mission to save these other worlds (plus the one they live in) from ultimate destruction at Coyote's hand. When his father's well-being is also threatened, Ethan's quest becomes all the more urgent. To succeed, Ethan and his friends must find a way to beat giants, ferishers and others in a series of games where striking out truly has apocalyptic implications. Chabon unspools an elaborate yarn in a style that frequently crackles with color and surprise. He occasionally addresses readers directly, imbuing his tale with the aura of something that has been passed down through the ages. Impressively, the author takes a contemporary smalltown setting and weaves in baseball history, folklore and environmental themes, to both challenge and entertain readers. Images of the icy Winterlands and beasts like the werefox and Taffy the motherly Sasquatch recall C.S. Lewis's Narnia and some of Philip Pullman's creations in His Dark Materials. Devotees of the genre and of America's pastime will find much to cheer here. All ages.
Copyright 2002 Cahners Business Information, Inc.

From School Library Journal
Grade 5 Up-Ethan Feld, a less-than-mediocre Little League player, is recruited by Ringfinger Brown, an old-timer from the Negro Leagues, to play in the ball game of his life-and save the world. Ethan lives on Clam Island, WA, where a place called Summerland exists. It is a link to alternate worlds where fantastic creatures reside, ruled by the trickster Coyote, who has decided that he wants to put an end to the world. Ethan, an unlikely hero, begins his journey accompanied by his friends Jennifer T. Rideout and Thor Wignutt. Along the way, they face many obstacles (with outcomes often determined by baseball games) and are joined by all sorts of beings: a Sasquatch, a talking rat, a tiny giant, a major league ball player, and characters that readers may remember from legends and fairy tales. Readers will identify with Ethan and his motley crew with their insecurities, longings, family problems, and their sometimes clumsy ingenuity. Packed with magic, adventure, myth, and America's favorite pastime, this book will enchant its audience.
Kimberly L. Paone, Elizabeth Public Library, NJ
Copyright 2002 Reed Business Information, Inc.

Most helpful customer reviews

26 of 27 people found the following review helpful.
A coming of age fantasy baseball quest
By Jack Fitzgerald
"Summerland" is Michael Chabon's entry into the youth fantasy genre, and it's not a bad read, but I would really call it an adult's kid book. It's not "Harry Potter" or "The Thief Lord" which are geared toward a youth market.
The story is set on fictitious Clam Island in Washington state's San Juan islands, where there is a place on the western side of the island that never sees rain during the summer. This is Summerland, and it is where the local little league teams play their games.
An eleven year old boy on one of the teams, Ethan Feld, is not much of a ballplayer, but he's friends with Jennifer T. Rideout, one of the best players on the team. There's also Thor Wignutt, a player who thinks he's an android and talks like Data from Star Trek. One day Ethan begins having strange visions of bushbabies near the field and on the roadside. The creature is actually a werefox named Cutbelly, and meeting him is the beginning of Ethan's adventure.
Ethan's father is an inventer and tinkerer who has come up with a material used in a portable blimp that they fly around the island. It turns out that a certain character wants to use the material to hold a substance so that he can bring about the end of the world. Once Mr. Feld is kidnapped, it's up to Ethan, his friends, and an odd assortment of characters that they meet along the way, to save the day.
It's kind of like "The Lord of the Rings" meets "The Bad News Bears" with a liberal dose of random mythologies thrown in for spice.
For example, we have the "ferishers" who are dimunitive creatures (faeries?) that excell at baseball and scampering between the various world/dimensions known as the summerlands, the winterlands, and the middling (our world) with the gleaming as the great world shut off from the rest. The ferishers call humans "reubens" or "rubes." It's a takeoff on a greenhorn ballplayer.
The end of the world is called "Ragged Rock" which comes from the Norse mythology "Ragnarok."
And, the antagonist is Coyote, popular in Native American lore and akin to Loki, a trickster and master of change. Coyote also invented baseball, and Chabon uses baseball both literally and metaphorically to move the story forward.
I liked the blending of the various mythologies, especially the sequence involving Ethan's team playing against a team made up of the "liars" which are characters from tall tales like John Henry, Paul Bunyan, etc.
Ethan must save his father, and the world as well, while developing his new position of catcher and dealing with an unfinished magical "bat" made from an ash wood branch taken from the great tree of the universe. There's another link in that baseball bats are made from ash and this type of wood allegedly holds magical properties.
Jennifer must develop into a pitcher, and deal with some of her family issues.
I enjoyed the story, but I'm not sure if kids in the 12-15 age group will grasp all of the literary subtleties, but then again maybe so. I enjoyed Chabon's use of the language and thought the story was well-told, although the characters did not always come off as wholy sympathetic. If you like baseball and fantasy, and are looking for an escape, this is a pleasant read.

65 of 75 people found the following review helpful.
Not really for adults, and derivative of Gaiman
By Andrew Boer
Ok I give it 3 stars, but that was with high expectations. A first time author would have got 4 stars.
This might be a great book for kids (really precocious well-read kids), but as an adult, it wasn't really for me (although I did read and enjoy the Harry Potter books, so I am probably part of Miramax's target market).
If you have read Neil Gaiman's American Gods (or Sandman series) -- you will immediately feel like you are on old ground here. Chabon does exactly the same trick -- He explores various American myths and legends, but couched in a framework of Norse Mythology. Thus, just as in American Gods we have Loki, and Ragnorok (here Ragged Rock) and various American icons, Paul Bunyan, John Henry, Billy the Kid, that kind of thing. And since Chabon is a professed comic geek, I expect he has read Gaiman as well, so I hold him somewhat culpable.
The difference -- this story is told from the perspective of an 11 year old boy -- sort of American Gods meets Harry Potter (or The Talisman).
Fine...it is a quick read, and Chabon is still a great writer-- but the book seemed to me to be written in haste, and his plotting felt messy and haphazard: for example some of the minor characters such as Cutbelly and Thor seem to be entirely mutable, changing their allegiances and personalities throughout the book, until you have no sense of them at all. Transitions were frequently abrupt, as if the author just wanted to get on to his next idea.
Far be it from me to belittle the considerable gifts of Michael Chabon -- Kavalier and Klay was one of the most exceptional books I have read in recent memory, (and he did win the Pulitzer Prize, after all). But part of what made that novel so delightful was that Chabon did not turn down the volume on his vocabulary and erudition, even when traipsing through the backyard of such beloved juvenalia as comic books. And since that book was essentially using comic books as a trope, some of the one dimensional characters and sudden transitions made sense. But in Summerland it doesn't work as well.
I thought Chabon was best in Summerland when he was writing about baseball (which is clearly another passion of his). The first chapter, for example, was terrific. Its too bad he didn't keep the magic and mythology solely to that subject.

77 of 90 people found the following review helpful.
Michael Chabon hits a homerun with "Summerland"
By D. Bakken
I have been a fan of Michael Chabon for a few years now and was very happy to see he was writing a book for a juvenile audience.
Summerland is the tale of a young boy in modern day Washington state who is quite possibly the worst baseball player around. Ethan lives on a small island that features an are of it that never gets rain. Therefore, baseball is very popular with Ethan and his friends.
What nobody knows is that this area, known as Summerland, is also a portal/rift to other dimensions. When extra-dimensional beings start causing problems and kidnap Ethan�s inventor/engineer father to help them destroy the tree that links all the worlds, Ethan and his friends must band together to save the world/worlds.
Chabon introduces the reader to some of the most inventive characters I�ve read ever. When these characters are combined with beautifully described foreign worlds and the great American sport of baseball. The result is pure magic.
Highly Recommended for Kids and Adults
10 stars!

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Jumat, 29 Juni 2012

[V765.Ebook] Free Ebook The Science of Attraction: Flirting, Sex, and How to Engineer Love, by Patrick King

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The Science of Attraction: Flirting, Sex, and How to Engineer Love, by Patrick King

Do you want psychologically proven ways to attract the opposite sex, flirt better, and create chemistry? To take advantage of how we’re biologically wired to engineer love?
How can you use The Science of Attraction to cut through the games to date and love better?

Everyone has an opinion on attraction, dating, and relationships – but their opinions are usually based on a sample size of one, themselves. Utilizing studies both new and classic helps us reach a deeper understanding of ourselves and others.

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The Science of Attraction is part textbook, with peer-received research, and part advice manual, with thorough analysis and takeaways to create better relationships.

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What about attraction will you learn?
• Chapter 1. The four-step sequence to flirting, sex, and love.
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• Chapter 5. Five modes of effective flirting.

Interested in more?
• Chapter 10. Freud’s saving grace.
• Chapter 12. “Let’s just be friends.”
• Chapter 14. What’s kink got do with it?
• Chapter 15. The ugly truth of beauty.

Attraction isn’t just about romance and dating – it’s how you relate to everyone in your life. Learning The Science of Attraction opens your eyes to how people think and if you know how someone thinks… you’re in. Of course, this knowledge will help you read and understand the object of your affection, whether married or still hunting/dating, to create more positivity and occasionally make you a mind reader. It’s powerful knowledge to have and internalize.

Don’t hesitate to pick up your copy today by clicking the BUY NOW button at the top of this page!
P.S. Attraction is a universal quality, so improve your charisma quotient with more of it.

  • Sales Rank: #36570 in eBooks
  • Published on: 2015-10-19
  • Released on: 2015-10-19
  • Format: Kindle eBook

Review
"What a refreshing book. I appreciated Patrick King's personal flair of writing, as if he was a first degree person standing right next to you having a conversation,not just reading a book. This book definitely opens your eyes, on relationships. Why or why not someone may be into you, how to proceed and maintain."
- Reader

"Educational read. Clearly written and I thought it was interesting to learn about things that influence my dating life."
- Reader

"The Science of Attraction is a must read for anyone who is having trouble in the relationship department. It goes into detail on different things that we each look for in creating a lasting relationship. Having access to this book some 20+ years ago might have saved me from a divorce or two."
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"This book was amazingly helpful, with helping me read the subtle signs of interest shown by guys. Thanks so much!"
- Reader

"This book is as good as it comes when you want to break down how attraction works. WARNING: If you read this book, you need an open mind. I know some people who are absolutely stubborn in their ways of approaching the opposite sex and maybe that's why they can't get a date."
- Reader

"Insightful material and studies. I like how the research is taken as a starting point and then the points are developed to apply to our lives."
- Reader

Most helpful customer reviews

7 of 7 people found the following review helpful.
Something I really enjoyed about this book is that it isn't preachy
By OceanWave
Something I really enjoyed about this book is that it isn't preachy, rather set in a conversational tone. This book explains how to feel a little more at ease when talking to the opposite sex, and confidence really does attract interest. There are a few spots in this book that made me giggle, I like when the author speaks candidly about a situation or subject matter. I am a bit awkward at times when communicating with people in general, so this book definitely gave me points to think about and try to improve on. This review is written based on my unbiased opinion.

5 of 5 people found the following review helpful.
The Science of Attraction is a must read for anyone ...
By Jennifer LaRue-Ibrahim
The Science of Attraction is a must read for anyone who is having trouble in the relationship department. It goes into detail on different things that we each look for in creating a lasting relationship. Having access to this book some 20+ years ago might have saved me from a divorce or two. People today are more in touch with technology than each other so they can really benefit from reading this book and learning what to look for and/or avoid in a potential life partner.

I received this book for free in exchange for my honest and unbiased opinion.

5 of 5 people found the following review helpful.
This is a good tip book.
By de
This is a well written book for those that need help in flirting. This is written to give you tips on how to flirt and attract the opposite sex. these is an easy read and the tips are easy to take and make your own and use yourself. I fnd that this books flows nicely and you just keep just readu=ing and finding new tips to use to get the results that you want to accomplish. These is a book with tips that you can easily use and not feel that you are cheesy or obvious that you are using tips from a book. I received this free in exchange for an honest review.

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Jumat, 22 Juni 2012

[J425.Ebook] Free PDF ASM Handbook: Materials Selection and Design, Volume XX, by George E. Dieter

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ASM Handbook: Materials Selection and Design, Volume XX, by George E. Dieter

ASM Handbook, Vol. 20: Materials Selection and Design

Materials Selection and Design is a comprehensive reference on the basic concepts, methodologies, and information sources dealing with materials selection and its integration with engineering design processes. It makes the connection between design and materials engineering.

  • Sales Rank: #1070601 in Books
  • Brand: CRC Press
  • Published on: 1997-12-01
  • Ingredients: Example Ingredients
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.25" h x 11.25" w x 2.25" l, 1.10 pounds
  • Binding: Hardcover
  • 900 pages
Features
  • Used Book in Good Condition

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Rabu, 20 Juni 2012

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The Essential Business Quiz Book, by Mr Sandeep Das

The Essential Business Quiz Book contains 200 questions covering a wide variety of topics, which include brand history, company origins, marketing trivia, slogans & punchlines, advertising campaigns etc., making it a source of fun and knowledge building. The interesting and thought provoking questions will keep you, family members and friends engaged for hours. Use the book to create interesting quiz games at home or at your local pub, challenge each other over a set of questions or simply have a relaxing experience reading and learning interesting nuggets of information for your favourite brands and companies. The questions have been divided into 20 sets for easy reading and reference.

  • Sales Rank: #2257475 in Books
  • Published on: 2013-01-03
  • Original language: English
  • Dimensions: 9.00" h x .11" w x 6.00" l,
  • Binding: Paperback
  • 46 pages

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Selasa, 19 Juni 2012

[Y354.Ebook] Free PDF 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

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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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