Most people find financial markets complex, investing too risky and the frequent ups and downs in stocks too unnerving and confusing. Financial markets also happen to be heavily regulated. One can’t blame investors for losing their way while figuring out the products, players and procedures, rules, regulators and risk-reward trade-offs. This book is designed to help new as well as experienced...

The difference between being rich and acting rich is huge

We all think that millionaires must be splurging their money on brands. Well, sample this. More millionaires wear Seiko instead of Rolex, or drive a Toyota instead of a BMW. You wouldn’t believe that three times more millionaires live in modest homes valued at under $300,000 than homes that cost over $1 million.

Thomas Stanley...

Why accidents are rarely accidental and how to prevent them

Understanding risk, randomness and uncertainty from every angle is the intellectual stimulation du jour. The high priest of this new genre of study is, of course, Nassim Taleb, whose two books have set a standard of scholarship that is unmatched. Taleb’s argument is that we don’t know what we don’t know and, therefore, we need to...