For decades, a well-to-do Baltimore family guarded a secret too painful to reveal, much less speak of among themselves. For one daughter, that secret would haunt her for years but ultimately compel her to take surprising risks and reap unbelievable rewards--the story of which forms the stunning narrative of this remarkable memoir. When Molly Bruce Jacobs, the family's eldest daughter, finds herself newly sober at the age of thirty-eight, she finally seeks out and comes face-to-face with this secret: Anne, a younger sister who was diagnosed at birth with hydrocephalus ("water on the brain") and mental retardation, then institutionalized. Anne has never been home to visit, and Jacobs has never seen her. Full of trepidation, Jacobs goes to meet her sister for the first time. As the book unfilds and the sisters grow close, Jacobs learns of the decades of life not shared, and gains surprising insights about herself, including why she drank for most of her adult life. In addition, she gradually comes to understand that her parents' reasons for placing Anne in an institution were far more complex than she'd ever imagined.
On a plane, a black passenger nervously scrutinizes an Arab–American passenger. In front of a store, a white woman clutches her purse as a black man walks by. In conversation, the topic of race comes up and both people wonder what they are willing to say—and what they are not. Each scenario reveals that how we act and react to each other on a daily basis stems from racial assumptions, biases, and misunderstandings. Some we acknowledge, others we overlook. In the wake of 9/11, confronting race relations in America is as daunting as it is necessary. Race Manners shows us how we can begin a civilized, meaningful dialogue—not with evasive abstractions, but with practicality and candor. Bruce A. Jacobs, a tireless speaker, has traveled the country over the past six years, learning and listening as people reacted to the first edition of this book and told him their own stories. In this newest edition, here is a candid assessment of and guide to improving race relations that offers honest clarity on fear of crime and terrorism, the role of “rage talk media,” the problem with tolerance, race in pop music from Elvis to Eminem and beyond, the “N-word,” and much more.
How investment strategies designed to reduce risk can increase risk for everyone—and can crash markets and economies Financial crises are often blamed on unforeseeable events, the unforgiving nature of capital markets, or just plain bad luck. Too Smart for Our Own Good argues that these crises are caused by certain alluring investment strategies that promise both high returns and safety of capital. In other words, the severe and widespread crises we have suffered in recent decades were not perfect storms. Instead, they were made by us. By understanding how and why this is so, we may be able to avoid or ameliorate future crises—and maybe even anticipate them. One of today’s leading financial thinkers, Bruce I. Jacobs, examines recent financial crises—including the 1987 stock market crash, the 1998 collapse of the hedge fund Long-Term Capital Management, the 2007–2008 credit crisis, and the European debt crisis—and reveals the common threads that explain these market disruptions. In each case, investors in search of safety were drawn to novel strategies that were intended to reduce risk but actually magnified it—and blew up markets. Too Smart for Our Own Good takes a behind-the-curtain look at: • The inseparable nature of investment risk and reward and the often counterproductive effects of some popular approaches for reducing risk • A trading strategy known as portfolio insurance and the key role it played in the 1987 stock market crash • How option-related trading disrupted markets in the decade following the 1987 crash • Why the demise of Long-Term Capital Management in 1998 wreaked havoc on US stock and bond markets • How mortgage-backed financial products, by shifting risk from one party to another, created the credit crisis of 2007–2008 and contributed to the subsequent European debt crisis This broad, detailed investigation of financial crises is the most penetrating and objective look at the subject to date. In addition, Jacobs, an industry insider, offers invaluable insights into the nature of investment risk and reward, and how to manage risk. Risk is unavoidable—especially in investing—and financial markets connect us all. Until we accept these facts and manage risk in responsible ways, major crises will always be just around the bend. Too Smart for Our Own Good is a big step toward smarter investing—and a better financial future for everyone.
Taiwan is only one of four consolidated Asian democracies. Democratizing Taiwan provides the most comprehensive analysis of Taiwan's peaceful democratization including the past authoritarian experience, leadership both within and outside government, popular protest and elections, and constitutional interpretation and amendments.
Bruce Jacobs sifts through the history of modern finance, from the efficient market hypothesis to behavioral psychology and chaos theory, to determine the cause of recent market crashes. Includes a Foreword from Nobel Laureate Harry M. Markowitz. Showcases the expertise of an author who identified and predicted the causes of 1987, 1997 and 1998 crashes. Explains the risks of little-understood option replication. Offers chapter summaries, appendices and a glossary.
The Kaohsiung Incident of 1979-1980 disturbed Taiwan’s dictatorship and ultimately contributed to Taiwan’s democratization. This book analyzes the precursors to the Kaohsiung Incident, the Kaohsiung Incident itself, the following trials and the contributions of these events to Taiwan’s democratization. After the indictments were issued, the murder of the mother and twin daughters of Lin I-hsiung, one of the defendants, shocked Taiwan and the world. The government accused the author, a well-known scholar of Taiwan, of being involved in the murder case and he was placed under “police protection” for three months. Part 2 of this book is the writer’s memoir of that period.
This study examines the structure, process and forms of retaliation in contemporary urban America where street criminals employ it instead of recourse to the criminal justice system. It explores retaliation from a first hand perspective, based on interviews with currently active street criminals rather than prisoners.
This volume fills a research gap of striking proportions by exploring the contingencies that mediate the crimes perpetrated on those who are themselves perpetrators. The notion that violence is something that happens only to law-abiding citizens is both widely held and inaccurate. The disproportionate share of victims of crime are, in reality, themselves involved in crime. Yet existing scholarship has failed to explore the contingencies that mediate offenses like drug robbery - from the forces that inspire it, to the methods used to select targets, to the means employed to generate compliance, down to the tactics used to thwart retaliatory attempts after the crime has ended.Given that predatory behavior between and among offenders ultimately spreads to society at large (the ""contagion effect""), a research gap of striking proportions has emerged. The imprudence of robbing other criminals is widely assumed. Yet criminologists paradoxically observe that a major benefit of robbing fellow criminals is that they cannot report the offense to the authorities. Why, then, should offenders elect to reduce their odds of getting arrested at the cost of enhancing their chances of getting killed?Drawing on candid interviews with the perpetrators, Jacobs attempts to answer such questions and fill this gap in the research agenda of criminology. The result is a narrative that explores the world of street-corner drugs from the vantage point of those who actually commit these high-risk crimes. It also introduces serious ethical issues that criminology and law enforcement tend to gloss over or ignore entirely. This work is innovative and troubling at the same time. It takes a theme that Hollywood films have explored in greater depth than social science, and restores it as a crucial part of the ethnography of crime.
An inside view of what makes market neutral strategies tick and how they can be implemented Market neutral strategies have gained attention for their potential to deliver positive returns regardless of the direction of underlying markets. As these strategies have built a record of good performance in recent years, their benefits have become apparent. Market Neutral Strategies draws on the wisdom and experience of professional practitioners to describe strategies that are being utilized by some of today's leading institutional investors. This book provides readers with an insider's view of what makes these strategies work and how they can be implemented successfully. Topics covered include long-short equity and convertibles, fixed income and merger arbitrage; the tax and ERISA implications of market neutral investing; and the failure of two notorious "market neutral" ventures, Askin Capital Management and Long-Term Capital Management. Bruce I. Jacobs (Florham Park, NJ) and Kenneth N. Levy are cofounders and principals of Jacobs Levy Equity Management, in Florham Park, New Jersey. They are coauthors of Equity Management: Quantitative Analysis for Stock Selection. Bruce Jacobs holds a PhD in finance from the Wharton School of the University of Pennsylvania. He is also the author of Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes.
“Do what you can, with what you have, where you are.” Many student affairs divisions are doing just that, leading the way in sustainability education by providing students with the knowledge they need to make a positive impact in their personal, civic, and professional lives. This sourcebook provides a primer on how to best organize specific programs and services as well as overall campus operations to address the critical challenge of sustainability. Presenting research, operational approaches, and personal insights, the authors enable readers to develop successful programs and services. Practical in nature, the content can be adapted into existing or developing programs for a seamless integration of sustainability into everyday campus life. This is the 137th volume of this Jossey-Bass higher education quarterly series. An indispensable resource for vice presidents of student affairs, deans of students, student counselors, and other student services professionals, New Directions for Student Services offers guidelines and programs for aiding students in their total development: emotional, social, physical, and intellectual.
In the wake of 9/11, confronting race relations in American is as daunting as it is necessary. Race Manners shows us how we can begin a civilized, meaningful dialogue-not with evasive abstractions, but with practicality and candor. The second edition, completely revised and updated, is a guide to improving race relations."--From source other than the Library of Congress.
Action Research in the Classroom: Helping Teachers Assess and Improve their Work guides teacher-researchers through the process of using action research in their practice to improve students’ learning and teachers’ teaching. The book uses actual classroom examples to assist aspiring, new, and veteran teachers and those who support them (administrators, department chairpersons, and mentors) in using a six-step process L.E.A.D.E.R. to successfully accomplish and share research conducted by actual classroom teachers. Each step in the L.E.A.D.E.R. process -- (1) L=Look at the Problem, (2) E=Examine what we know; (3) A=Acquire knowledge of school problem-solving; (4) D=Devise a plan for improvement; (5) E=Execute the plan; and, (6) R=Repeat steps and processes as needed -- can guide teachers, administrators, and even parents – and students – in solving their own problems and improving their learning and teaching.
What we become is our own responsibility. What we would like to be is our own choice. Have fun and take an exciting adventure of your life and discover What A Ride it has been when you embarked yourself in these escapades. Join Bruce in meeting and bonding with the elite, sailing around the world with the luxury of time and in collecting exclusive nineteenth-century paintings. Immerse yourself into his world of auto racing, collecting and learning some history and grabbing the knowledge about the culture of Native Americans through their products. Take a ride with his avocations and travels while being excited of the advancement of medical technology relating to diagnostic imaging. Read more about his rides!
The highly readable articles in this comprehensive anthology explore the essence of deviant behavior--its construction, explanation, commission, and control. Substantive introductions to each section and to each article allow the book's component parts to stand on their own depending on instructional needs. Topic-specific Internet websites are also provided. Bruce Jacobs has selected an eclectic cross-section of compelling readings. The book's theoretical coverage draws from classic as well as contemporary approaches (e.g., lifecourse, general strain, institutional anomie, feminist), with an emphasis on the latter. The empirical selections on forms of deviant behavior are engaging, ethnographic, and timely. Coverage includes: * Child Prostitution * Robbery of Drug Dealers * Impersonal Homosexual Sex * Internet Pornography * Petty Shoplifting * Eating Disorders * Life on Death Row * Racial Profiling * Ritalin and the Drugging of Children * Sex Tourism * Athletes with Physical Disabilities * Violence Beyond the Law * Cyberspace Crime * Use of Cameras, Drug Tests, and DNA Analysis to Monitor Deviants Additional Features: * The section on deviant identity management emphasizes the acquisition and management of stigma. * The researching deviance section features the process by which scholars conduct deviance research (both ethnographic and survey)--as well as how they identify and infiltrate settings, negotiate dilemmas and contradictions, and secure valid data. * The section on deviance and social control covers profiling, life sentences, judicial discretion, and surveillance. * Gender is incorporated throughout the book as a crucial mediating variable. Feminist perspectives are included, as well as approaches that focus on masculinity and deviance.
(Applause Books). From the hit movie directed by Adrian Lyne, this is the original script with over 100 photos. From Rubin's introduction: The script presented here is not my initial screenplay but the final draft completed just before shooting. While close to the original, some significant scenes have been changed or cut. You will find them in the final chapter.
Two pioneers and innovators in the money management field present their choice of groundbreaking, peer-reviewed articles on subjects including portfolio engineering and long-short investment strategy. More than just a collection of classic review pieces, however, Equity Management provides new material to introduce, interpret, and integrate the pieces, with an introduction that provides an authoritative overview of the chapters. Important and innovative, it is destined to become the "Graham and Dodd" of quantitative equity investing. About the Authors: Bruce I. Jacobs and Kenneth N. Levy are Principals of Jacobs Levy Equity Management. Based in Florham Park, New Jersey, Jacobs Levy Equity Management is widely recognized as a leading provider of quantitative equity strategies for institutional clients. Jacobs Levy currently manages over $15 billion in various strategies for a prestigious global roster of 50 corporate pension plans, public retirement systems, multi-employer funds, endowments, and foundations, including over 25 of Pensions & Investments' "Top 200 Pension Funds/Sponsors." Bruce I. Jacobs holds a PhD in finance from the Wharton School of the University of Pennsylvania. He is the author of Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes and co-editor, with Ken Levy, of Market Neutral Strategies. He serves on the advisory board of the Journal of Portfolio Management. Kenneth N. Levy holds an MBA and an MA in applied economics from the Wharton School of the University of Pennsylvania. He is co-editor, with Bruce Jacobs, of Market Neutral Strategies. A Chartered Financial Analyst, he has served on the CFA Institute's candidate curriculum committee and on the advisory board of POSIT.
They fought bravely, selflessly--and many of them made the ultimate sacrifice.Their courage earned them our higest decoration for battlefield valor, the Medal of Honor. Here are some of the award's most outstanding recipients--from the Civil War to the 20th Century's global holocausts. Spiced with a zest for detail...These are remarkable yarns about remarkable men.--Saturday Review.
The classic guide to quantitative investing—expanded and updated for today’s increasingly complex markets From Bruce Jacobs and Ken Levy—two pioneers of quantitative equity management—the go-to guide to stock selection has been substantially updated to help you build portfolios in today’s transformed investing landscape. A powerful combination of in-depth research and expert insights gained from decades of experience, Equity Management, Second Edition includes 24 new peer-reviewed articles that help leveraged long-short investors and leverage-averse investors navigate today’s complex and unpredictable markets. Retaining all the content that made an instant classic of the first edition—including the authors’ innovative approach to disentangling the many factors that influence stock returns, unifying the investment process, and integrating long and short portfolio positions—this new edition addresses critical issues. Among them-- • What’s the best leverage level for long-short and leveraged long-only portfolios? • Which behavioral characteristics explain the recent financial meltdown and previous crises? • What is smart beta—and why should you think twice about using it? • How do option-pricing theory and arbitrage strategies lead to market instability? • Why are factor-based strategies on the rise? Equity Management provides the most comprehensive treatment of the subject to date. More than a mere compilation of articles, this collection provides a carefully structured view of modern quantitative investing. You’ll come away with levels of insight and understanding that will give you an edge in increasingly complex and unpredictable markets. Well-established as two of today’s most innovative thinkers, Jacobs and Levy take you to the next level of investing. Read Equity Management and design the perfect portfolio for your investing goals.
This volume fills a research gap of striking proportions by exploring the contingencies that mediate the crimes perpetrated on those who are themselves perpetrators. The notion that violence is something that happens only to law-abiding citizens is both widely held and inaccurate. The disproportionate share of victims of crime are, in reality, themselves involved in crime. Yet existing scholarship has failed to explore the contingencies that mediate offenses like drug robbery--from the forces that inspire it, to the methods used to select targets, to the means employed to generate compliance, down to the tactics used to thwart retaliatory attempts after the crime has ended. Given that predatory behavior between and among offenders ultimately spreads to society at large (the "contagion effect"), a research gap of striking proportions has emerged. The imprudence of robbing other criminals is widely assumed. Yet criminologists paradoxically observe that a major benefit of robbing fellow criminals is that they cannot report the offense to the authorities. Why, then, should offenders elect to reduce their odds of getting arrested at the cost of enhancing their chances of getting killed? Drawing on candid interviews with the perpetrators, Jacobs attempts to answer such questions and fill this gap in the research agenda of criminology. The result is a narrative that explores the world of street-corner drugs from the vantage point of those who actually commit these high-risk crimes. It also introduces serious ethical issues that criminology and law enforcement tend to gloss over or ignore entirely. This work is innovative and troubling at the same time. It takes a theme that Hollywood films have explored in greater depth than social science, and restores it as a crucial part of the ethnography of crime.
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