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Chaos Kings : How Wall Street Traders Make Billions In The New Age Of Crisis

Scott Patterson

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Binding: Paper Back

Publisher: Scribe Publications

Language: English

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Description

There?s no doubt that our world has gotten more extreme. Pandemics, climate change, superpower rivalries, technological disruption, political radicalisation, religious fundamentalism ? all threaten chaos that put trillions in assets at risk. But around the world, across a wide variety of disciplines, would-be super-forecasters are trying to take the guesswork out of what formerly seemed like random chance. Some put their faith in ?black swans? ? unpredictable, catastrophic events that can?t be foreseen but send exotic financial instruments screaming in high-profit directions. Most famous among this group of big-bet traders are those who run the Universa fund, who, on days of extreme upheaval, have made as much as $1 billion. Author Scott Patterson gained exclusive access to Universa strategists and met with savvy seers in a variety of fields, from earthquake prediction to counterterrorism to climatology, to see if it?s actually possible to bet on disaster ? and win. Riveting, relevant, and revelatory, this is a must-read for anyone curious about how some of today?s investors alchemise catastrophe into profit.

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