Trillions

From the Financial Times's global finance correspondent, the incredible true story of the iconoclastic geeks who defied conventional wisdom and endured Wall Street's scorn to launch the index fund rev

Poetry. "How possibly can we reconcile the quotidian in our lives with the increasingly dire environmental destruction? Ignore it? Climb a tree and sit? How about mediating between these seemingly dis

Kurt Cyrus's Trillions of Trees is an environmentalist picture book companion to the popular Billions of Bricks, about counting and planting trees.Grab a shovel and get ready to plant some trees! From

The winning nonfiction team returns with a larger-than-life math book that is sure to fascinate young readers. Huge numbers are hard to comprehend. This book explains quantities in terms children can

The winning nonfiction team returns with a larger-than-life math book that is sure to fascinate young readers. Huge numbers are hard to comprehend. This book explains quantities in terms children can

We are facing a future of unbounded complexity. Whether that complexity is harnessed to build a world that is safe, pleasant, humane and profitable, or whether it causes us to careen off a cliff into

In Dance of the Trillions, David Lubin tells the story of what makes money flow from high-income countries to lower-income ones; what makes it flow out again; and how developing countries have sought

The New York Times-bestselling "skeptical environmentalist" argues that panic over climate change is causing more harm than good Hurricanes batter our coasts. Wildfires rage across the American West. Glaciers collapse in the Artic. Politicians, activists, and the media espouse a common message: climate change is destroying the planet, and we must take drastic action immediately to stop it. Children panic about their future, and adults wonder if it is even ethical to bring new life into the world. Enough, argues bestselling author Bjorn Lomborg. Climate change is real, but it's not the apocalyptic threat that we've been told it is. Projections of Earth's imminent demise are based on bad science and even worse economics. In panic, world leaders have committed to wildly expensive but largely ineffective policies that hamper growth and crowd out more pressing investments in human capital, from immunization to education. False Alarm will convince you that everything you think about climate

With hurricanes battering coast lines, sea level rise threatening entire countries with extinction and wildfires raging across broad swaths of America and the planet, it is hardly surprising that coun

Suddenly, research findings require a paradigm shift in our view of the microbial world. The Human Microbiome Project at the National Institutes of Health is well under way, and unprecedented scienti

Suddenly, research findings require a paradigm shift in our view of the microbial world. The Human Microbiome Project at the National Institutes of Health is well under way, and unprecedented scientif

Trillions for Military Technology explains why the weapons purchased by the U.S. Department of Defense cost so much, why it takes decades to get them into production even as innovation in the civilian

一群離經叛道的金融怪傑如何顛覆市場認知，發起指數型基金革命，使人人皆可參與投資、隨經濟成長而獲利致富？隨後不斷變形衍生的無數ETF，隱含什麼風險？又會對全球金融市場造成什麼衝擊？《洞悉市場的人》古格里・祖克曼、《鯨吞億萬》布萊利・霍普、《穀倉效應》吉蓮・邰蒂、《大掠奪》拉娜・福洛荷、安聯公司首席經濟顧問穆罕默德・伊爾艾朗、巴克萊全球基金顧問公司執行長 弗瑞德・葛羅爾口碑力挺！＊＊＊五十年前，財富管理界的曼哈頓計畫在金融業水面下暗暗啟動，推動它的是一種異端思想：長期來看，許多世界頂尖的投資人也無法打敗市場。天才經濟學家尤金．法馬、意志堅定、著迷電腦的約翰．麥克考、慘遭恥笑的金融鉅子傑克．柏格、待人和善的前二戰潛艇隊員內特．莫斯特等，這群出身背景各異的秀異之才，披荊斬棘終於讓金融界乃至大眾接受這個觀點，從而發明「試圖模仿金融證券指數的投資工具」：（大盤）指數型基金與ETF。《金融時報》資深記者魏吾絲用巴菲特起頭的一個知名賭局做為開頭，來帶出這個至今造福廣大投資人的致富方法：他押注一百萬美元，打賭在十年之內，單純追蹤美國股市的基金，其績效能夠擊敗任何一個由高績效的避險基金經理人組成的團隊。避險基金經理人泰德．塞德斯接受了他的挑戰——最終吃了敗仗。《兆億大戰》生動勾勒出那些促成指數型基金與ETF誕生與發展的人，如何遭遇一次次挑戰、又如何破關，完成席捲全球的指數型基金革命。書中不僅介紹了介紹了指數型投資產品的發明史、過程中的關鍵事件，也讓你了解，那些長期受人尊敬、支領高薪的資金管理與投資專家們，投資績效為什麼一次又一次敗給指數型基金與ETF。不過，這個造福無數投資大眾的致富金鑰，也不是沒有潛在危險。如今，全球投入被動投資的資金已經超過二十兆，相當於美國國內生產總值，被動投資正以無數微小但重要的方式，重塑市場、金融，甚至資本主義本身。然而，就連一些指數型基金和ETF的支持者都開始憂心忡忡：隨著這些投資工具日益膨脹，不僅造成市場不穩、破壞投資產業，也讓權力越來越集中在少數人手上，從而影響公司治理乃至國政——大家都不樂見這樣的後果。對此趨勢，作者也做了深入解析。本書敘事精采，引人入勝，若您有心了解現代金融，以及當今這個時代最迫切的「金融不確定性」之一，那麼千萬別錯過這本《兆億大戰》！

「如果要豎立一座雕像來紀念為美國投資人做出最大貢獻的人，那這個人無庸置疑該是約翰．柏格。」－－華倫．巴菲特與其在草堆裡找一根針，不如將整個草堆都買下來！時間是你的朋友，衝動是你的敵人――約翰．柏格約翰．柏格（1929-2019）《財星》雜誌譽為20世紀四大投資巨人之一《時代》雜誌百大最有權力及影響力人物。與巴菲特齊名，有「指數型基金教父」之稱於1974年創立跨時代的投資公司「先鋒集團」創立全球第一支指數型基金。本書，將向您娓娓道來，約翰．柏格的理念、想法，成就，以及用大量訪談，給讀者多視角的觀點，從各種角度一窺這位投資界大師的所思所行。約翰．柏格改變了一切。如果沒有柏格和先鋒集團，被動基金會侷限在有限的範圍裡，根本不會有現今的榮景。先鋒集團獨特的結構與柏格獨樹一格的氣質相互結合，產生了一股結合遠見、耐心和重視成本的力量，贏得了美國人的心和資金。指數型基金之父有朝一日蓋棺論定，約翰．柏格對投資人和全球金融業的影響，可能勝過任何人。透過先鋒集團的運作，他已經將超過1兆美元資金從華爾街轉移到市井小街，大約有5千萬人的生活不但因此更豐富，而且還在金融叢林裡建立起信託的觀念。他的事蹟和深遠影響，遠不止於這個稱號。當我們真的靜下來思考、追本溯源，他的傳奇故事真的會讓人驚嘆不已。他為什麼要創立先鋒？為什麼這些年來沒有人複製先鋒集團的「共同所有」股東結構？先鋒集團在投資管理上的成功空前，不意外的應該會有人仿效。但事實上並沒有，沒人跟隨其後。這道理或許也不難理解，資產管理公司考慮的是經濟因素，不會有動機把公司股權交給投資人。一般來說，會去華爾街都是想賺錢、賺很多錢。那柏格為何要反其道而行？就連他的競爭對手看來也很尊重他作者試著想找到曾與先鋒集團正面交鋒的人，請他們談論一下柏格如何讓人芒刺在背，但最後都徒勞無功。本來以為克蘭納富斯就是那個人，先鋒集團推出ETF的時，他正經營著貝萊德的iShares ETFs，先鋒會讓他們公司有調降收費的壓力，應該會覺得柏格很煩人。但克蘭納富斯卻很高興先鋒集團進入市場，而他本人最後也與柏格成為了好朋友，不時會透過電子郵件往來。不只是傳記雖然本書會闡述柏格的為人與創業的動機，並描繪先鋒集團成立的故事，但這本書不是傳記、教科書或投資指南。這些元素加在一起好像就該是本傳記，但實際上並非如此。柏格的經歷本身就是豐富而多面向的，作者撰寫此書時，希望能反映出這個特色

當永續的不是資源與環境，而是環保這門－－好‧生‧意▶暖化真的存在。但我們現在的對策正確嗎？▶你努力地減碳，但是真的「愛地球」嗎？▶國家利益，應該為了「環保」無限制讓步嗎？政客、環保販子與綠能業者，如何炮製世界末日？◎那些倡導環保的人，都搭飛機去參加活動？暖化確實存在。但出了什麼問題？隆堡認為，這不是科學家的錯──科學家們誠實地做了研究，也誠實地提出研究的成果。但不誠實的是政客、環保販子與綠能業者的解讀方向。好比說，談暖化，談氣候變遷會摧毀農業、談人類會死於糧食不足，卻避談人類會適應，會改善技術與選擇；談二氧化碳會造成溫度上升，卻不談二氧化碳也會增進綠化（事實上地球的綠化程度是被改善的）；談人類可以做多少減碳的事，彷彿真的我們做點什麼，地球就會得救。但我們真正要注意的是什麼呢？是個人的努力根本無濟於事，甚至可能有害。努力一年減碳之後，好棒棒，我們拍拍手，然後搭飛機去哪裡玩幾天嗎？開電動車，好棒棒，我們拍拍手，電動車零碳排放。但猜猜看，製造一輛電動車，車廠使用的是化石能源，還是環保的綠能？◎當暖化變成一種只能賺、不能說的營利經濟學本書作者比約恩．隆堡（Bjorn Lomborg）是哥本哈根商學院的客座教授和史丹佛大學胡佛研究所訪問學者。身為智庫「哥本哈根共識」的主席，他曾與三百多名全球頂尖經濟學家和七位諾貝爾獎得主合作，並協助改變數十億美元援助支出。他在本書中要提醒所有人的是：我們因為被過度誤導、所以在政策制定上產生嚴重誤差。我們誤把氣候問題當作是當前的、最重要的，唯一需要解決的問題，於是我們犧牲經濟、犧牲可靠的化石能源、犧牲那些更需要幫助的人，那些原本有希望擺脫貧窮的人。只為了政客、環保販子與綠能業者的利益，這樣真的合理嗎？◎創新是唯一的、最重要的解方化石燃料會產生二氧化碳，所以就不要用化石燃料──不過，人類發展的過程中，我們是透過逃避或放棄的手段，來適應各式各樣的生存難關嗎？好比說車輛與交通事故死亡人數之間的連結關係。交通事故可說與馬車一起誕生；汽車發明後，相關死亡人數更是急遽上升。但我們的選擇是放棄汽車嗎？我們因此而選擇效率較差的運輸工具嗎？不，我們做的是不斷在技術與制度上進行創新與變革。我們把汽車的安全配備與交通規則做得更好，在需求與安全之間取得平衡，且透過這個好用的工具創造更好的收益，讓我們在創新與變革上有更多資源與資金可以運用。我們會有更好的汽車產品與交通制

Shortlisted for the Waterstones Children's Book Prize 2020I'm going to tell you the word that ruins my entire life: BIG. Because my name is Jemima Small. But I am exactly the opposite.Jemima Small is funny and super smart. She knows a lot of things. Like the fact that she's made of 206 bones, over 600 muscles and trillions of cells. What she doesn't know is how that can be true and yet she can still feel like nothing... Or how being made to join the school's "special" healthy lifestyle group - A.K.A Fat Club - could feel any less special. But Jemima also knows that the biggest stars in the universe are the brightest. And maybe it's her time to shine...'An empowering story about body confidence' The Observer

★一本讀懂新貿易戰時代的關鍵指南：從關稅、補貼到晶片管制與稀土戰略。★兩位頂尖貿易專家聯手書寫，兼具經濟深度、國際視野與輕快幽默。★推薦給關心中美競爭、全球供應鏈、AI產業、國際經濟與政策制定的讀者。過去，全球貿易像背景音一樣存在。每年數兆美元的商品與服務跨境流動，供應鏈精準銜接，規則彷彿自然運作，沒有人需要特別擔心。然而那個時代已經結束。如今，貿易不只是經濟活動，更是國家競爭的前線。美國關稅政策可能讓市場瞬間震盪、企業成本攀升，也可能改變盟友之間的信任；中國的稀土出口限制，足以牽動西方汽車與高科技製造；先進晶片能不能出口，更與AI主導權密切相關。當世界不再相信同一套遊戲規則，國家該如何自保？企業又該如何判斷風險？《How to Win a Trade War》由《金融時報》經濟專欄作家 Soumaya Keynes 與彼得森國際經濟研究所資深研究員 Chad P. Bown 合著。兩位作者長期追蹤貿易政策與全球經濟競爭，並分別主持深受歡迎的經濟與貿易Podcast。他們以清楚易懂、帶有機智幽默的筆法，回顧貿易制度的歷史，解析各國如何使用關稅、補貼、戰略庫存、出口限制等工具，也追問一個更深層的問題：貿易戰會不會升高為真正的戰爭？西方又能從中國的產業策略中學到什麼？這是一本關於「如何贏」的書，但作者提醒我們，在貿易戰裡，勝利往往不是讓對方全盤崩潰，而是避免自己受傷更重。當經濟武器也會反噬自身，懂得計算代價，才是新時代最重要的能力。An irreverent and invaluable guide to our new era of economic competition, written by Financial Times columnist and podcaster Soumaya Keynes and Chad P. Bown of the Peterson Institute for International Economics.We used to take trade for granted. Trillions of dollars of goods and services crossed borders each year, made possible by a global, rules-based system. Nobody paid

Experience the explosive and colourful future of the cosmos, zooming trillions of years ahead in time with Professor Raman Prinja, published in association with Royal Observatory Greenwich. The Future of the Universe starts the future clock NOW and rockets readers along a forward time line to discover what scientists predict will happen to the Universe, including a shiny new ring on Mars, Earth's axis flip and a dramatic galaxy crash!This is the first book of its kind for this age - putting all the future events into one place along a clear timeline for readers 9 and up, from the return of famous comets in a few decades, to the dark end of the Universe a nonillion years from now. Professor Raman Prinja is the international, multi-award-winning Head of Department for Physics and Astronomy at University College London and a celebrated children's author of many books, including Planetarium, Wonders of the Night Sky and Recipe for a Solar System.Illustrator Jan Bielecki's action-packed, vi

The world's largest market is that for foreign exchange with a turnover running into trillions per day. The mystery is why this market is dominated by trading in London when the US dollar is the main currency in use. What role is played by this market? To many it is a speculator's paradise, exposed to manipulation and contributing to currency volatility. For others it plays a central role in in the operation of the global banking system and a mechanism for maintaining currency stability. In Forex Forever, Ranald C. Michie seeks to provide answers to these and other questions by examining how the foreign exchange market has developed in the City of London over the past 150 years and uncovers its secret existence in London before the First World War. Michie explores how the City of London became the centre of the global foreign exchange market before 1914 through the international banking network, trading on the floor of the Stock Exchange, and the communications revolution that began wi

In this groundbreaking addition to his New York Times bestselling Plant Paradox series, Steven R.Gundry, MD offers a definitive guide to the gut biome and its control over its home--us!--revealing the unimaginably complex and intelligent ecosystem controlling our health and teaching us how to heal our guts to prevent and reverse every type of disease. We may believe that we are the masters of our fates, but in reality, we are at the mercy of hundreds of trillions of single-celled organisms that exert control over every aspect of how our minds and bodies function. These are the diverse species of microbes living in our guts, mouths, and skin that work together synergistically to communicate with each other and with every system in our bodies. You are your microbiome's home, and it wants to take care of you, but first you have to protect it.In Gut Check, Dr. Steven Gundry reveals the emerging science proving that Hippocrates was right - all disease begins in the gut. When our microbiomes

A practical plan for strengthening the incredible anti-viral defenses located in your gut and resolving symptoms―from a renowned gastroenterologist and the author of Gutbliss.Multiple studies have now confirmed a dramatic link between the health of our microbiome―the trillions of bacteria that live in our digestive tract―and our likelihood of getting devastating viral illnesses like COVID. Low-fiber diets, limited exposure to nature, and overzealous use of pharmaceuticals have messed up our microbiome, making many of us more susceptible to viruses than we naturally should be. But the good news is that unlike our genes, our microbiome is constantly evolving, offering a pathway back to health for those who are suffering and proven protection for those who want to stay well. In The Anti-Viral Gut, Dr. Robynne Chutkan explains this groundbreaking research and offers a prescriptive plan for anyone trying to avoid or recover from a viral illness to rehab their gut microbes and restore their

A fact-based guide to plant-based diversity, explaining why everyone should consume more plants-at least 30 per week!-for better health, along with simple diet and lifestyle changes to boost your intake, and including over 80 delicious plant-packed recipesA fact-based guide to plant-based eating, explaining why a diverse diet is the key to better health―with 80 plant-packed recipesThe secret to a healthy gut (and a healthier body and mind) is all in the microbes: the trillions of microorganisms that live in our digestive tract. These microbes thrive on fiber―as many different types as they can get.That’s why Dr. Megan Rossi developed the Diversity Diet, a simple yet revolutionary way of eating that anyone can adopt to enjoy huge health benefits―increased energy, improved mood, and reduced risk of illness, to name a few. It’s all about eating a wider variety of plant foods―at least 30 different plants per week.Each plant counts as one point, and How to Eat More Plants shows readers exac

A beautiful ode to our planet and a clarion call to protect it.Our planet seems tough,but it is fragile.Our planet seems big,but it needs us.Spare, poetic text and jaw-dropping pictures gently illuminate the causes of climate change while also providing hope and hands-on solutions that will edify and empower even the youngest readers.One carbon dioxide molecule may seem small and insignificant. But when cars, factories, and cities let loose millions and billions and trillions, they can trap and stifle like a too-warm blanket. One notch higher on the thermometer may seem small and insignificant, but one notch higher can change our seas, our seasons, life, us. But when one person and one person and one person become many…THEY can change a planet―for the better.With calm, truthfulness, and beauty, To Change a Planet demonstrates the importance of caring for our planet, and how our individual and collective actions multiplied together can make the world better. Eye popping explosions of co

Adventures five through eight of the hilarious Bots chapter book series are now available in one awesome collectible paperback boxed set!Meet Joe and Rob, the two most big-hearted, but goofily annoying robots in the entire universe. They are best friends who live in a town called Botsburg on a planet named Mecha Base One that sits trillions of light years away from the Earth. Join them as they find themselves separated into two different classrooms, find a hidden space station filled with aliens, discover that they have superpowers, and search for their missing space camera! With easy-to-read language and graphic novel art on almost every page, the Bots chapter books are perfect for emerging readers. This hilarious boxed set includes: A Tale of Two Classrooms The Secret Space Station Adventures of the Super Zeroes The Lost Camera

From the world's most influential management consulting firm, McKinsey & Company, an insight-packed, revelatory look at how the best CEOs do their jobs based on extensive interviews with today's most successful corporate leaders―including chiefs at Netflix, JPMorgan Chase, General Motors, and Sony. Being a CEO at any of the world's largest companies is among the most challenging roles in business. Billions, and even trillions, are at stake―and the fates of tens of thousands of employees often hang in the balance. Yet, even when ';can't miss' high-achievers win the top job, very few excel. Thirty percent of Fortune 500 CEOs last fewer than three years, and two out of five new CEOs are perceived to be failing within eighteen months. For those who shoulder the burden of being the one on whom everyone counts, a manual for excellence is sorely needed. To identify the 21st century's best CEOs, the authors of CEO Excellence started with a pool of over 2400 public company CEOs. Extensiv

An accessible and visually arresting picture book about one of the universe’s most mysterious particles for the youngest scientific mindsBefore you finish reading this sentence, trillions upon trillions of neutrinos will have passed through your body. Not sure what a neutrino is? Get an up-close-and-personal introduction in this dazzling picture book from MIT Kids Press, told in lilting rhyme from the neutrino’s point of view and filled with mind-bending, full-bleed illustrations that swirl and splash the cosmos to life. Some of the smallest bits of matter known to exist―and they exist everywhere―neutrinos are inspiring cutting-edge and Nobel Prize–winning research. Here, playful text and watercolor illustrations blended with photographs distill the concept of these mysterious particles down to its essence. “Know Your Neutrinos” end notes provide context for each spread, amplifying the science and making complex astrophysics and physics concepts approachable. This indispensable STEM ti

Public banks are banks located within the public sphere of a state. They are pervasive, with more than 900 institutions worldwide, and powerful, with tens of trillions in assets. Public banks are neither essentially good nor bad. Rather, they are dynamic institutions, made and remade by contentious social forces. As the first single-authored book on public banks, this timely intervention examines how these institutions can confront the crisis of climate finance and catalyse a green and just transition. The author explores six case studies across the globe, demonstrating that public banks have acquired the representative structures, financial capacity, institutional knowledge, collaborative networks, and geographical reach to tackle decarbonisation, definancialisation, and democratisation. These institutions are not without contradictions, torn as they are between contending public and private interests in class-divided society. Ultimately, social forces and struggles shape how and if p