Here are 100 books that Laws of the Game fans have personally recommended if you like
Laws of the Game.
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I’ve always been fascinated by the quest to understand how nature works and to find patterns amid complexity. This drew me towards physics, which seemed unparalleled in its ability to uncover general rules. In contrast, biology seemed merely descriptive, and despite a fondness for wildlife, I stayed away from the subject in school. It turns out, however, that physics and biology are perfect companions; a whole field, biophysics, explores how physical principles are central to the workings of living things. I became a biophysicist, researching topics like the organization of gut microbes and teaching and writing about biophysics more broadly, at scales from DNA to ecosystems.
This isn’t a book about biology, but it makes the list anyway. Genes, chemistry, and mechanics stretch our conception of life. Still, there’s more needed to make sense of it all: the emerging understanding that dynamic interactions, feedback loops, and a bit of randomness make life alive. We need more books that lay this out; this was one of my motivations for writing my book.
Philip Ball’s very recent How Life Works seems masterful, and I’m sure it would make this list if I were writing a month or two later, after I’ve finished reading it. But since I can’t list either my book or his, I’ll list Gleick’s book, one of the best popular science books ever. It dives into the science of order and chaos, from the turbulence of Jupiter’s red spot to the unpredictability of weather, with a bit of biological pattern formation in the mix.…
Uncover one of the most exciting frontiers of modern physics in this fascinating, insightful and accessible overview of Chaos theory.
'An exceedingly readable introduction to a new intellectual world' Observer
From the turbulence of the weather to the complicated rythmns of the human heart, 'chaos' is at the centre of our day to day lives. Cutting across several scientific disciplines, James Gleick explores and elucidates the science of the unpredicatable with an immensely readable narrative style and flair.
'An awe-inspiring book. Reading Chaos gave me the sensation that someone had just found the light-switch' Douglas Adams
I believe that knowledge is power. Understanding how something works leads to practical applications. In markets, I believe you should develop your own ideas on how to invest rather than being told. After all, how can you profit if you’re doing what everyone else is doing? Markets are efficient enough to give an opportunity to everyone but advantage to no one, unless you do something different than the crowd. My list is designed to give you information to develop investment strategies based on chaos theory, complexity, and fractals. It is not designed to tell you how to invest.
While I’ve spent much of my career debunking the Random Walk Theory and the Efficient Market Hypothesis, I believe you need to understand where we’re coming from in order to develop new ideas.
Cootner’s anthology contains all of the important early writings that became Capital Market Theory. You will find Bachilier’s original paper from 1900 postulating using statistics to analyze markets. Mandelbrot’s original paper suggesting that markets are not a random walk is here, too.
It’s an important time capsule of the development of market theory. I’ve read it extensively because you can’t criticize widely held ideas unless you know them yourself.
I believe that knowledge is power. Understanding how something works leads to practical applications. In markets, I believe you should develop your own ideas on how to invest rather than being told. After all, how can you profit if you’re doing what everyone else is doing? Markets are efficient enough to give an opportunity to everyone but advantage to no one, unless you do something different than the crowd. My list is designed to give you information to develop investment strategies based on chaos theory, complexity, and fractals. It is not designed to tell you how to invest.
Readers of this list may be surprised that there are no books by Benoit Mandelbrot, the father of fractals. I found his books fascinating but frustrating. Feder’s book, by contrast, was readable and usable.
This book taught me how to do fractal analysis. While Feder’s book has nothing to do with markets, it has everything to do with applications. While I reuse much of Feder’s methodology in my books, readers will find it useful to see other practical applications of fractal analysis.
This lovely little book will take off and fly on its own power, but the author has asked me to write a few words, and one should not say no to a friend. Specific topics in fractal geometry and its applications have already benefited from several excellent surveys of moderate length, and gossip and preliminary drafts tell us that we shall soon see several monographic treatments of broader topics. For the teacher, however, these surveys and monographs are not enough, and an urgent need for more helpful books has been widely recognized. To write such a book is no easy…
I believe that knowledge is power. Understanding how something works leads to practical applications. In markets, I believe you should develop your own ideas on how to invest rather than being told. After all, how can you profit if you’re doing what everyone else is doing? Markets are efficient enough to give an opportunity to everyone but advantage to no one, unless you do something different than the crowd. My list is designed to give you information to develop investment strategies based on chaos theory, complexity, and fractals. It is not designed to tell you how to invest.
The Austrian School of Economics has been completely non-mathematical. Yet their concepts have direct analogies to complexity theory. Reading this book gives you fundamental economic ideas that tie back to the mathematical foundations of complexity, chaos, and fractals.
When dealing with markets, which are made up of people, after all, I have always found that basing your ideas on behavior rather than pure mathematics is always the way to go. Otherwise, you will not know when the markets have changed, and your ideas may no longer work.
This book also brings us back to the idea of cycles and explains them in an intuitive way. O’Driscoll and Rizzo also write well, so this isn’t a dry academic overview. It is a book that gives you both theory and intuition.
The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.
I'm a teacher, philosopher, writer, Professor of Philosophy, and holder of the Sullivan Chair in Philosophy at Rockhurst University, Kansas City, Missouri, USA. I'm the author/editor of sixteen books on such topics as religion and science, religion and politics, contemporary European philosophy, and political philosophy. I'm particularly interested in how religion and science, especially evolution, can be shown to be compatible with each other, as well as in developing an argument that there is no chance operating in nature (including in biology). My book and the books below explore these fascinating topics from almost every possible angle, and should whet readers’ appetites for further thinking about these intriguing matters!
This collection of essays takes a different position to mine on the question of chance in evolution. This book boldly approaches the study of evolution with the assumption that there is a large element of chance, contingency, and randomness in the process. Bringing together biologists, and philosophers of science, it explores many aspects of the theory as well as its implications for the existence of life on earth, and especially for the emergence of Homo sapiens. Along the way, the authors tackle such topics as genetic drift, mutation, and parallel evolution. By engaging in collaboration across biology, history, philosophy, and theology, the book offers a comprehensive overview of the history of chance in evolution and at the same time prompts readers to push further the central question as to what the existence of genuine chance would mean for our understanding of nature.
Humans, however much we would care to think otherwise, do not represent the fated pinnacle of ape evolution. The diversity of life, from single-celled organisms to multicellular animals and plants, is the result of a long, complex, and highly chancy history. But how profoundly has chance shaped life on earth? And what, precisely, do we mean by chance? Bringing together biologists, philosophers of science, and historians of science, Chance in Evolution is the first book to untangle the far-reaching effects of chance, contingency, and randomness on the evolution of life. The book begins by placing chance in historical context, starting…
My father was an artist who painted passionately, almost always outdoors. When I told him I wanted to become an art historian, he was sad partly because he hated art historians, but mainly because he imagined me chained (as a writer) to a desk, rather than marching the countryside looking for things to paint or draw. Like most writers, I sometimes get seriously bogged down, and his sadness comes back to haunt me. But then I pick up a book that, in just a few pages, puts my writing back on track, gladdening my father’s ghost.
Are you stuck on a single sentence that keeps expanding but goes nowhere? Then tame it by cutting it down and finishing it off now. Ian Hacking is the master of the subject-verb-predicate sentence in historical writing. And this book, in addition to being a model of stylistic clarity, changes how we think about modernity, mathematics, danger, and risk. You’ll never be afraid of being clear again.
In this important study Ian Hacking continues the enquiry into the origins and development of certain characteristic modes of contemporary thought undertaken in such previous works as the best-selling The Emergence of Probability. Professor Hacking shows how by the late-nineteenth century it became possible to think of statistical patterns as explanatory in themselves, and to regard the world as not necessarily deterministic in character. In the same period the idea of human nature was displaced by a model of normal people with laws of dispersion. These two parallel transformations fed into each other, so that chance made the world seem…
As a student of the markets and investing for 3 decades and a professional investment advisor overseeing billions of dollars for over 2 decades, I have discovered that most investment books and information lack real insight. Much of what I read and see is not thoughtful or deeply researched and merely a regurgitation of what everyone else is saying. I’ve learned that most of what is thought to be conventional thinking is remarkably poorly supported by independent, unbiased research. The books on my recommended list go beyond what you’d read in the average investment book to uncover truly insightful knowledge that I believe can help readers take their investment understanding to the next level.
The investment world is dominated by players who essentially have the same beliefs and say the same things. I love writers who offer a unique perspective informed by an independent framework.
One of the greatest challenges in investing is distinguishing luck from skill. Taleb does a masterful job of raising the readers’ awareness of this common oversight. I believe reading this book will make you a more thoughtful investor.
Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy - or something altogether more unpredictable?
This book is the bestselling sensation that will change the way you think about business and the world. It is all about luck: more precisely, how we perceive luck in our personal and professional experiences. Nowhere is this more obvious than in the markets - we hear an entrepreneur has 'vision' or a trader is 'talented', but all too often their performance is down to chance rather than…
I have taught undergraduate and PhD students physics and biophysics for 36 years, and I never get tired of it. I always look for hot new topics and everyday things that we all see but rarely notice as interesting. I also look for “how could anything like that possibly happen at all?”-type questions and the eureka moment when some idea from physics or math pries off the lid, making a seemingly insoluble problem easy. Finally, I look for the skills and frameworks that will open the most doors to students in their future work.
Throughout science, math, finance, and your personal life… underlying almost everything is the concept of a random walk. I love how Mlodinow builds our intuition for this simple yet subtle idea. Yes, the expectation may be zero, but the variance grows without limit—it took me years of study to truly feel that statement and others in my bones, but Mlodinow shows this and much more through vivid, often hilarious examples. It is no exaggeration to say that after Chapter 6, you will understand conditional probability—where so many of us stumble when we think about real situations—better than you would after a whole course on statistics.
And although this is a science book, I challenge anyone to read the last five pages and end up dry-eyed. Years later, as I reread them, the impact is undiminished.
Leonard Mlodinow's The Drunkard's Walk: How Randomness Rules Our Lives is an exhilarating, eye-opening guide to understanding our random world.
Randomness and uncertainty surround everything we do. So why are we so bad at understanding them?
The same tools that help us understand the random paths of molecules can be applied to the randomness that governs so many aspects of our everyday lives, from winning the lottery to road safety, and reveals the truth about the success of sporting heroes and film stars, and even how to make sense of a blood test.
The Drunkard's Walk reveals the psychological illusions…
All of these books come with elements of uncertainty and risk – it takes heroism (or stupidity) to tackle them head-on. Fantasy and Science Fiction are nice settings for it – authors can and have conjured up situations that we possibly couldn’t tackle in the real world – but their solutions are often very much what we would go with in the real world. Besides, anxiety creates problems. The more we have anxious, unprepared people – the more problems we get – which is why it should be important to learn everything one can about uncertainty, heroics (and not the pathological kind), and risk.
Incerto, that is Fooled by Randomness, The Black Swan, Antifragile and Skin in the Game (+ Bed of Procrustes, which is a collection of very smart aphorisms) are not exactly fiction, but maestro added fiction into it anyway. Nero, Fat Tony, Jevgenia demonstrate on unrelated occasions how the ideas and properties (found in the "real world" discussed in the book would unfold. The overall theme of the book, however, discusses risk - risk-taking. And believe it or not, risk exists in all domains of life, hence, using this book to meditate on it deeply made me appreciate... It made me appreciate life, and all things in life – more than I used to. It might sound like a lot, and it is... If there is just one non-fiction book you will read, make it Taleb's Incerto.
The landmark five-book series—all together in one ebook bundle
The Incerto is an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision making when we don’t understand the world, expressed in the form of a personal essay with autobiographical sections, stories, parables, and philosophical, historical, and scientific discussions, in non-overlapping volumes that can be accessed in any order. The main thread is that while there is inordinate uncertainty about what is going on, there is great certainty as to what one should do about it.
This ebook bundle includes: FOOLED BY RANDOMNESS THE BLACK SWAN THE BED OF…
I have always been interested in the overview, the joined-up, the patterns, trends, and directions rather than the details of things. As a biologist, this led me to study animal behaviour rather than molecules. Great things come from the cross-overs between disciplines. Bridges are there to be made between islands of knowledge. Both my books (Wild Health and Another Self) are books that bridge a huge divide between knowledge acquired from reductionist research and that gained by experience. We humans use both.
This science book is so joined up that its subtitle is A Unifying Vision.
The authors draw together a broad range of scientific disciplines to present a holistic view of how life emerged and, more importantly, how life is organized. You might be surprised to hear that biologists still don’t know how life organizes itself. The question is usually left to philosophers rather than biologists. So it's good to read all this material brought into one place.
Over the past thirty years, a new systemic conception of life has emerged at the forefront of science. New emphasis has been given to complexity, networks, and patterns of organisation, leading to a novel kind of 'systemic' thinking. This volume integrates the ideas, models, and theories underlying the systems view of life into a single coherent framework. Taking a broad sweep through history and across scientific disciplines, the authors examine the appearance of key concepts such as autopoiesis, dissipative structures, social networks, and a systemic understanding of evolution. The implications of the systems view of life for health care, management,…
