The title of the book is so intriguing. At first, I did not know it’s about risk taking and biology of the traders. Coates, who once headed a derivatives trading desk, focuses on the moment of Jekyll-and-Hyde transformation that traders pass through when under pressure. This moment of transformation, which the French have called “the hour between dog and wolf” since the Middle Ages, results from rising levels of testosterone that increase both one’s self-confidence and, crucially, one’s appetite for risk.

Robust animal behaviour model the ‘winner effect’ was applied, and research showed that rising levels of testosterone drove that animal to take more risks, become more confident, increase its haemoglobin and therefore step up oxygen content in the blood. Once we come to understand the signals are body sends us, including fatigue and stress, there is a great deal we as individuals can do to toughen ourselves against the ravages, we as managers can do to minimize the impact. It is the wise and farseeing managers who put health and stabilized risk preferences at the top of their companies agenda.I]t makes intuitive sense that biological responses inform the mood of the markets. This book puts flesh on that idea.”— The Economist

For example, the author attributed market crash in October to decreasing testosterone level of investors. Is that believable?

What makes A Child out of Alcatraz particularly memorable is its unique venue… the author paints a searing portrait of an American family that might have been typical had fate and history not intervened.” — Glamour Novelty made that prove rejuvenating when we are battling fatigue, but under circumstances it can turn toxic-when we are trapped, for example, in a state of chronic stress.novelty and complexity beyond moderate levels can promote anxiety. If we return to chronic stress and look at the influence of novelty in this condition, we can find another example of how we frequently misunderstand the source of our problems. Executing plans handed down by upper management. Most jobs and companies adhering to this model had a high workload and low control; they also had a high incidence of stress-related illness. Stress-related illness is not the inevitable price we pay for her profits. The healthy worker is a productive one. Moreover, a healthy worker is one with far lower medical cost, and these can add up to substantial savings both for the employment company and for the economy as a whole. PDF / EPUB File Name: The_Hour_Between_Dog_and_Wolf_-_John_Coates.pdf, The_Hour_Between_Dog_and_Wolf_-_John_Coates.epub