December 2012
Intermediate to advanced
250 pages
7h 30m
English
Imagine you are standing at the edge of a river. You can see stepping stones ahead of you – but only some of these are safe. Your lunch is on the other side of the river and you are hungry. You turn to your traveling companion for advice on how to work out which stepping stones are safe and which ones are not and he begins to tell you about velocity, turning moments, viscosity of water, and the probability of loose stones on the stream bed.
After some minutes of this, you stop listening to him, shut your eyes and jump.
There is a parallel between this situation and the world of international investment today. Investors want to make informed decisions – but most of the brilliant thinking brought ...
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