Investors and Markets: Portfolio Choices, Asset Prices, and Investment Advice
Author: William F. Sharpe In Investors and Markets, Nobel Prize-winning financial economist William Sharpe shows that investment professionals cannot make good portfolio choices unless they understand the determinants of asset prices. But until now asset-price analysis has largely been inaccessible to everyone except PhDs in financial economics. In this book, Sharpe changes that by setting out his state-of-the-art approach to asset pricing in a nonmathematical form that will be comprehensible to a broad range of investment professionals, including investment advisors, money managers, and financial analysts. Bridging the gap between the best financial theory and investment practice, Investors and Markets will help investment professionals make better portfolio choices by being smarter about asset prices. Based on Sharpe's Princeton Lectures in Finance, Investors and Markets presents a method of analyzing asset prices that accounts for the real behavior of investors. Sharpe makes this technique accessible through a new, one-of-a-kind computer program (available for free on his Web site, at http://www.stanford.edu/~wfsharpe/apsim/index.html) that enables users to create virtual markets, setting the starting conditions and then allowing trading until equilibrium is reached and trading stops. Program users can then analyze the final portfolios and asset prices, see expected returns, and measure risk. In addition to popularizing the most sophisticated form of asset-price analysis, Investors and Markets summarizes much of Sharpe's most important previous work and reflects a lifetime of thinking about investing by one of the leading minds in financial economics. Any serious investment professional will benefit from Sharpe's unique insights.
Author: Axel Körner
America in Italy examines the influence of the American political experience on the imagination of Italian political thinkers between the late eighteenth century and the unification of Italy in the 1860s. Axel Korner shows how Italian political thought was shaped by debates about the American Revolution and the U.S. Constitution, but he focuses on the important distinction that while European interest in developments across the Atlantic was keen, this attention was not blind admiration. Rather, America became a sounding board for the critical assessment of societal changes at home.Many Italians did not think the United States had lessons to teach them and often concluded that life across the Atlantic was not just different but in many respects also objectionable. In America, utopia and dystopia seemed to live side by side, and Italian references to the United States were frequently in support of progressive or reactionary causes. Political thinkers including Cesare Balbo, Carlo Cattaneo, Giuseppe Mazzini, and Antonio Rosmini used the United States to shed light on the course of their nation's political resurgence. Concepts from Montesquieu, Rousseau, and Vico served to evaluate what Italians discovered about America. Ideas about American domestic manners were reflected and conveyed through works of ballet, literature, opera, and satire.Transcending boundaries between intellectual and cultural history, America in Italy is the first book-length examination of the influence of America's political formation on modern Italian political thought.
Author: Willis Goth Regier
Where would we be without flattery? Hobbes deemed it an honorable duty and Meredith called it the finest of the arts. Alexander the Great applied it as imperial policy; Caesar and Cleopatra were masters of it; and Napoleon devoured it like candy. But flattery also has influential enemies. Cicero called flattery the handmaid of vice and Tacitus compared it to poison.In a work as erudite as it is entertaining, Willis Goth Regier looks into flattery as an element as flammable (and as taken for granted) as oxygen. Giving flattery light, attention, and care, Regier treats readers to hundreds of historical examples drawn from the highest social circles in politics, romance, and religion, from the courts of Byzantium and China to Paris, Rome, and Washington, DC.Because flattery must please, it is playful and creative, and Regiers book makes the most of it, moving with light steps, now and then pausing to take in the view. Ambitious flatterers even seek to flatter God, a practice Regier treats with trepidation. This is a book for those who would understand the history, tactics, and pleasures of flattery, not least the thrill of danger.O, flatter me, for love delights in praises.ShakespeareThe whole World and the Busness of it, is Managd by Flattery and Paradox; the one sets up False Gods, and the other maintains them.Sir Roger LEstrangeJust praise is only a debt, but flattery is a present.Samuel JohnsonIn this disorganized society, in which the passions of the people are the sole real force, authority belongs to the party that understands how to flatter.Hippolyte Taine
Author: By Barbara Bates
Tuberculosis was the most common cause of death in the United States during the nineteenth century. The lingering illness devastated the lives of patients and families, and by the turn of the century, fears of infectiousness compounded their anguish. Historians have usually focused on the changing medical knowledge of tuberculosis or on the social campaigns to combat it. In Bargaining for Life, Barbara Bates documents the human story by chronicling how men and women attempted to cope with the illness, get treatment, earn their living, and maintain social relationships.
Author: By Anne Trubek
There are many ways to show our devotion to an author besides reading his or her works. Graves make for popular pilgrimage sites, but far more popular are writers' house museums. What is it we hope to accomplish by trekking to the home of a dead author? We may go in search of the point of inspiration, eager to stand on the very spot where our favorite literary characters first came to lifeand find ourselves instead in the house where the author himself was conceived, or where she drew her last breath. Perhaps it is a place through which our writer passed only briefly, or maybe it really was a longtime homenow thoroughly remade as a decorator's show-house.In A Skeptic's Guide to Writers' Houses Anne Trubek takes a vexed, often funny, and always thoughtful tour of a goodly number of house museums across the nation. In Key West she visits the shamelessly ersatz shrine to a hard-living Ernest Hemingway, while meditating on his lost Cuban farm and the sterile Idaho house in which he committed suicide. In Hannibal, Missouri, she walks the fuzzy line between fact and fiction, as she visits the home of the young Samuel Clemensand the purported haunts of Tom Sawyer, Becky Thatcher, and Injun' Joe. She hits literary pay-dirt in Concord, Massachusetts, the nineteenth-century mecca that gave home to Hawthorne, Emerson, and Thoreauand yet could not accommodate a surprisingly complex Louisa May Alcott. She takes us along the trail of residences that Edgar Allan Poe left behind in the wake of his many failures and to the burned-out shell of a California house with which Jack London staked his claim on posterity. In Dayton, Ohio, a charismatic guide brings Paul Laurence Dunbar to compelling life for those few visitors willing to listen; in Cleveland, Trubek finds a moving remembrance of Charles Chesnutt in a house that no longer stands.Why is it that we visit writers' houses? Although admittedly skeptical about the stories these buildings tell us about their former inhabitants, Anne Trubek carries us along as she falls at least a little bit in love with each stop on her itinerary and finds in each some truth about literature, history, and contemporary America.
Author: Peter Laufer
These days everyone has something to say (or declaim!) about the U.S.–Mexico border. Whether it’s immigration, resource management, educational policy, or drugs, the borderlands are either the epicenter or the emblem of a current crisis facing the nation. At a time when the region has been co-opted for every possible rhetorical use, what endures is a resilient and vibrant local culture that resists easy characterization. For an honest picture of life on the border, what remains is to listen to voices that are too often drowned out: the people who actually live and work there, who make their homes and livings amid a confluence of cultures and loyalties. For many of these people, the border is less a hyphenated place than a meeting place, a merging. This aspect of the border is epitomized in the names of two cities that straddle the line: Calexico and Mexicali. A “sleepy crossroads that exists at a global flashpoint,” Calexico serves as the reference point for veteran journalist Peter Laufer’s chronicle of day-to-day life on the border. This wide-ranging, interview-driven book finds Laufer and travel companion/photographer on a weeklong road trip through the Imperial Valley and other border locales, engaging in earnest and revealing conversations with the people they meet along the way. Laufer talks to secretaries and politicians, restaurateurs and salsa dancers, poets and real estate agents about the issues that matter to them the most. What draws them to border towns? How do they feel about border security and the fences that may someday run through their backyards? Is “English-only” a realistic policy? Why have some towns flourished and others declined? What does it mean to be Mexican or American in such a place? Waitress Bonnie Peterson banters with customers in Spanish and English. Mayor Lewis Pacheco laments the role that globalization has played in his city’s labor market. Some of their anecdotes are humorous, others grim. Moreover, not everyone agrees. But this very diversity is part of the fabric of the borderlands, and these stories demand to be heard.
Author: Karen Harry, Barbara J. Roth
This volume of proceedings from the fourteenth biennial Southwest Symposium explores different kinds of social interaction that occurred prehistorically across the Southwest. The authors use diverse and innovative approaches and a variety of different data sets to examine the economic, social, and ideological implications of the different forms of interaction, presenting new ways to examine how social interaction and connectivity influenced cultural developments in the Southwest.
Author: Claude Hurlbert
In National Healing, author Claude Hurlbert persuasively relates nationalism to institutional racism and contends that these are both symptoms of a national ill health afflicting American higher education and found even in the field of writing studies. Teachers and scholars, even in progressive fields like composition, are unwittingly at odds with their own most liberatory purposes, he says, and he advocates consciously broadening our understanding of rhetoric and writing instruction to include rhetorical traditions of non-Western cultures.Threading a personal narrative of his own experiences as a student, professor, and citizen through a wide ranging discussion of theory, pedagogy, and philosophy in the writing classroom, Hurlbert weaves a vision that moves beyond simple polemic and simplistic multiculturalism. National Healing offers a compelling new aesthetic, epistemological, and rhetorical configuration.
Author: Edited by Laurie D. Webster and Maxine E. McBrinn
Archaeology without Borders presents new research by leading U.S. and Mexican scholars and explores the impacts on archaeology of the border between the United States and Mexico. Including data previously not readily available to English-speaking readers, the twenty-four essays discuss early agricultural adaptations in the region and groundbreaking archaeological research on social identity and cultural landscapes, as well as economic and social interactions within the area now encompassed by northern Mexico and the U.S. Southwest. Contributors examining early agriculture offer models for understanding the transition to agriculture, explore relationships between the spread of agriculture and Uto-Aztecan migrations, and present data from Arizona, New Mexico, and Chihuahua. Contributors focusing on social identity discuss migration, enculturation, social boundaries, and ethnic identities. They draw on case studies that include diverse artifact classes - rock art, lithics, architecture, murals, ceramics, cordage, sandals, baskets, faunal remains, and oral histories. Mexican scholars present data from Chihuahua, Durango, Zacatecas, Michoacan, Coahuila, and Nuevo Leon. They address topics including Spanish-indigenous conflicts, archaeological history, cultural landscapes, and interactions among Mesoamerica, northern Mexico, and the U.S. Southwest.
Author: Joseph Dewey
Pulitzer Prizewinning author Michael Chabon has emerged as one of the most daring writers of American fiction in the post-Pynchon era. Joseph Dewey examines how Chabons narratives have sought to bring together the defining elements of the two principal expressions of the American narrative that his generation inherited: the formal extravagances of postmodernism and the compelling storytelling of psychological realism. Like the audacious, self-conscious excesses of Pynchon and his postmodern disciples, Dewey argues, Chabons fictions are extravagant, often ironic, experiments into form animated by dense verbal and linguistic energy. As with the probing texts of psychological realism by Updike and his faithful, Chabons fictions center on keenly drawn, recognizable characters caught up in familiar, heartbreaking dilemmas; enthralling storylines compelled by suspense, enriched with suggestive symbols; and humane themes about love and death, work and family, and sexuality and religion. Evolving over three decades, this hybrid fiction has made Chabon not only one of the most widely read composers of serious fiction of his guild but one of the most critically respected writers as well, thus positioning Chabon as a representative voice of the generation. Deweys study, the first to examine the full breadth of Chabons fiction from his landmark debut novel, The Mysteries of Pittsburgh, to his controversial 2012 best seller, Telegraph Avenue, places Chabons fictional sensibility, for all its hipness, within what has been the defining theme of American literature since the provocative romances of Hawthorne and Melville: the anxious tension between escape and engagement; between the sweet, centripetal pull of the redemptive imagination as a splendid, if imperfect, engine of retreat and the harsh, centrifugal pull of real life itself, recklessly deformed by the crude handiwork of surprise and chance and unable to coax even the simplest appearance of logic.