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THE AGE OF NAPOLEON is the biography of an enigmatic and legendary personality as well as the portrait of an entire age. J. Christopher Herold tells the fascinating story of the Napoleonic world in all its aspects -- political, cultural, military, commercial, and social. Napoleon"s rise from common origins to enormous political and military power, as well as his ultimate defeat, influenced our modern age in thousands of ways, from the map of Europe to the metric system, from styles of dress and dictators to new conventions of personal behavior.
The society that produced the glories of Renaissance art was a multi-faceted one. on the one hand it produced the tender work of Giotto and the brilliance of Leonardo; on the other it encompassed the atrocities of Borgia, the fanaticism of Savonarola and the cynicism of Machiavelli. Civil disorder, political violence, religious discord and deep-seated corruption provided a setting in which genius flowered and where virtuosity originality and an explosive energy shone through in politics, in art, in thought and even in murder. Here, in this vivid survey, the whole sweep of renaissance achievement is brilliantly portrayed and analysed by Professor Plumb, assisted by a distinguished team of historians, including Kenneth Clark, Hugh Trevor-Roper, and Garrett Mattingly - and by over sixty illustrations of contemporary masterpieces.
What is a horizon? A line where land meets sky? The end of the world or the beginning of perception? In this brilliant, engaging, and stimulating history, Didier Maleuvre journeys to the outer reaches of human experience and explores philosophy, religion, and art to understand our struggle and fascination with limits—of life, knowledge, existence, and death. Maleuvre sweeps us through a vast cultural landscape, enabling us to experience each stopping place as the cusp of a limitless journey, whether he is discussing the works of Picasso, Gothic architecture, Beethoven, or General Relativity. If, as Aristotle said, philosophy begins in wonder, then this remarkable book shows us how wonder—the urge to know beyond the conceivable—is itself the engine of culture.
A century ago, life expectancy was roughly 40 years, hence all income could be consumed, as for most people, there was no need to save for retirement. Today, things have drastically changed: Life expectancy exceeds 80 years in many countries, and one should expect to live and consume many years after retirement. Thus, we have many investors with various investment horizons, where the length of the investment horizon becomes a crucial factor in determining the best investment diversification.This book analyzes the effect of the investment horizon on the optimal diversification, specifically between stocks and bonds: Should a young investor and an older investor have the same portfolio? Is it recommended to savers for retirement to change the asset allocation between stocks and bonds as they grow older, as life cycle mutual funds do in practice? Is the idiom 'stocks for the long run' backed by scientific evidence? We analyze for which horizons it is recommended to employ the popular Mean-Variance rule and for which horizons employing this rule induces an economic distortion, hence a loss to the investors. It is shown that all relevant parameters for investment choice (means, variances, and correlations) change in a non-linear way with the horizon, a fact that makes the investment horizon crucial for investment choices. Similarly, the popular Sharpe, Treynor, and Jensen performance indices vary with the assumed horizon even in the case of independence over time. To analyze all the above issues, we employ the Mean-Variance rule and Stochastic Dominance rules, as well as direct expected utility calculations.