On the Edge

The Art of Risking Everything

By Nate Silver

2024

First Published

3.67

Average Rating

572

Number of Pages

17H30M

Audio Length

From the New York Times bestselling author of The Signal and the Noise, the definitive guide to our era of risk—and the players raising the stakes In the bestselling The Signal and the Noise, Nate Silver showed how forecasting would define the age of Big Data. Now, in this timely and riveting new book, Silver investigates "The River," or those whose mastery of risk allows them to shape—and dominate—so much of modern life. These professional risk takers—poker players and hedge fund managers, crypto true-believers and blue-chip art collectors—can teach us much about navigating the uncertainty of the 21st century. By embedding within these worlds, Silver offers insight into a range of issues that affect us all, from the frontiers of finance to the future of AI.The River has increasing amounts of wealth and power in our society, and understanding their mindset—including the flaws in their thinking—is key to understanding what drives technology and the global economy today. There are certain commonalities in this otherwise diverse high tolerance for risk; appreciation of uncertainty; affinity for numbers; skill at de-coupling; self-reliance and a distrust of the conventional wisdom. For the River, complexity is baked in, and the work is how to navigate it, without going beyond the pale.Taking us behind-the-scenes from casinos to venture capital firms to meetings of the effective altruism movement, On the Edge is a deeply-reported, all-access journey into a hidden world of powerbrokers and risk takers.

Avg Rating

3.67

Number of Ratings

4,897

5 STARS

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4 STARS

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3 STARS

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1 STARS

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Author

Nate Silver

Author · 3 books

Nathaniel Read "Nate" Silver (born January 13, 1978) is an American statistician and writer who analyzes baseball and elections. He is currently the editor-in-chief of ESPN's FiveThirtyEight blog and a Special Correspondent for ABC News. Silver first gained public recognition for developing PECOTA, a system for forecasting the performance and career development of Major League Baseball players, which he sold to and then managed for Baseball Prospectus from 2003 to 2009. In 2007, writing under the pseudonym "Poblano", Silver began to publish analyses and predictions related to the 2008 United States presidential election. At first this work appeared on the political blog Daily Kos, but in March 2008 Silver established his own website, FiveThirtyEight.com. By summer of that year, after he revealed his identity to his readers, he began to appear as an electoral and political analyst in national print, online, and cable news media. The accuracy of his November 2008 presidential election predictions—he correctly predicted the winner of 49 of the 50 states—won Silver further attention and commendation. The only state he missed was Indiana, which went for Barack Obama by one percentage point. He correctly predicted the winner of all 35 U.S. Senate races that year. In April 2009, he was named one of The World's 100 Most Influential People by Time. In 2010, Silver's FiveThirtyEight. blog was licensed for publication by The New York Times. The newly renamed blog, FiveThirtyEight: Nate Silver's Political Calculus, first appeared in The Times on August 25, 2010. In 2012 and 2013, FiveThirtyEight won Webby Awards as the "Best Political Blog" from the International Academy of Digital Arts and Sciences. Silver's book, The Signal and the Noise , was published in September 2012. It subsequently reached The New York Times best seller list for nonfiction, and was named by Amazon.com as the #1 best nonfiction book of 2012. The Signal and the Noise won the 2013 Phi Beta Kappa Award in Science. The book has been published in eight languages. In the 2012 United States presidential election between Barack Obama and Mitt Romney, he correctly predicted the winner of all 50 states and the District of Columbia. That same year, Silver's predictions of U.S. Senate races were correct in 31 of 33 states; he predicted Republican victory in North Dakota and Montana, where Democrats won. In July 2013, it was revealed that Silver and his FiveThirtyEight blog would depart The New York Times and join ESPN. In his new role at ESPN, Silver would become editor-in-chief of the FiveThirtyEight site. ESPN would own the FiveThirtyEight site and the brand. The ESPN-owned FiveThirtyEight launched on March 17, 2014. Silver's lead article explained that the site would focus on a broad range of subjects under the general rubric of "data journalism".