Sunday, July 26, 2015

The Big Short

Have you ever woken up in the middle of the night and couldn't get back to sleep despite your best efforts? This was an issue for me for a long time, and at around 4am, I would turn on HBO and watch random movies. One night I watched HBO's Too Big to Fail, and fell in love. I have no background in finance or economics (AP Econ was the only AP exam, of 9 AP exams, that I didn't pass), but I loved this movie and probably have seen it over 20 times. Maybe because I love the way Topher Grace explains credit default swaps or maybe I love Paul Giamatti (as Ben Bernanke) eating oatmeal -- Giamatti won an Oscar for this role. For whatever reason, I turn to this movie every time I can't sleep. And I then became obsessed with the housing and credit bubble (and eventual crash).

My boyfriend is well aware of my love for this TV film, and his favorite author is Michael Lewis (who also wrote his favorite book, Moneyball, as well as Blind Side and Liar's Poker). He also was a Economics undergrad and JD-MBA, so clearly he enjoyed and recommended The Big Short. I owed it to William Hurt (Hank Paulson) and my man-friend to explore.

The Big Short by Michael Lewis

Genre: Non-fiction, Finance
Publication Date: March 2010

The title refers to individuals who foresaw the housing and credit bubble burst, and bet against ("short") these deals. The individuals are Steve Eisman, a former Wall Street analyst, Michael Burry, ex-neurologist turned hedge fund manager, and Charlie Ledley and Ben Hockett of Cornwall Capital. These odd balls and socially reprehensive men went against the grain and called Wall Street out for what they were - crooks. However, these crooks of Wall Street didn't fully know they were crooks, they were trying to make a profit and believe that the market and raters were right and everything was hunky-dory. Eisman, Burry, and Hockett thought that Wall Streeters were idiots and ignorant, who didn't know what they were doing, lending money to homeowners who were going to default. So these men bet against housing market, they knew the deals/loans being distributed were shitty and bet that Americans were going to default.

I don't know if I can write a review for this book without trying to explain the financial situation, and credit default swaps, and collateralized debt obligations (CDOs, which I still don't completely understand). However, Michael Lewis did a humorous job of depicting the outcasts/outsiders who took a risk, which wasn't really a risk for them, but came up big. These are the men who actually profited from the market crash. These are the guys who had wits to actually question what others were doing, to calling out CEOs on their jiggery-pokery, and then betting against them. To quote, "the lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual.” 

Finished reading: Friday, July 24, 2015

DD's rating: N/A
I can't rate this book, maybe because I don't understand the bets and CDOs. Maybe because I'm still so flabbergasted that AIG took on so much risk and Howie Hubler lost $9 billion but it still a millionaire. I'm still so intrigued by the situation and amazed that Wall Street doesn't have a clue what they are doing, that they want no government regulation but expect bailouts when their shit hits the fan... Thank you Michael Lewis for feeding my fascination.

Fortunately, The Big Short is hitting the silver screen, with Steve Carrell as Steve Eisman, Christian Bale as Michael Burry, Brad Pitt as Ben Hockett, and Ryan Gosling as Greg Lippman. I predict a double-feature of The Big Short / Too Big to Fail in my future!!

Next read: Killing Kennedy by Bill O'Reilly

Monday, July 20, 2015

Still Alice

After it took me almost 2 weeks to finish The Blondes piece of trash, I hoped to find something that would be truly entertaining, emotional, and engaging. I knew Julianne Moore won the Oscar for portraying the title character in the film adaptation, so that fact piqued my interest. My grandmother also praised this book as it gave a description of Alzheimer's from the point of view of an intellectual elite. She also recommended that anyone who knows someone diagnosed with Alzheimers/dementia or anyone elderly and afraid of losing their mind should pick this up.

Still Alice by Lisa Genova

Genre: Fiction, Alzheimers
Publication Date: (self-published) 2007 and later published 2009
Setting: Harvard/Cambridge, 2003-2005

Alice Howland is a 50 year-old esteemed psychologist teaching and doing research at Harvard University, married to an equally distinguished man also teaching and researching (biology) at Harvard. Alice is brilliant, busy, and driven, until one day she goes for a run around her neighborhood in Harvard Yard and can't find her way home. She begins noticing lapses in memory, confusion, and disorientation. Eventually, she discovers that she has early-onset Alzheimers. How could this happen to a 50 year-old woman, who runs 5 miles every day, and is a tenured professor at one of the most prestigious universities in the country? Genetics.

The book is told in the third-person, telling us Alice's thoughts and feelings about the disorder, while I the reader am able to see her lose more of her memory (while Alice has no notice).  Initially, she recognizes that she can't remember the words for every day objects and she gets frustrated. But, like the disease, it gets worse. Eventually, she doesn't even realize she can't remember the words. She'll forget what she's forgetting. She'll create questions for herself to answer, and not realize that the answers that she is giving are incorrect. Which is what makes this disease so terrifying, it isn't destroying your body like cancer, it is destroying your mind, which is what makes you you. "I think therefore I am..." but what happens when your cognitive abilities and mental capacities decline and deteriorate? Are you still you? Is she still Alice? Is she still a brilliant Harvard professor even when she has to cease teaching? Is she still a loving mother after she forgets who her children are, or that she has children? Who are you are when you don't have control of your mind.

Finished reading: Sunday, July 19, 2015
Yes, I read it immediately after The Blondes, did not put it down, and finished in under 12 hours.

DD's rating: A
Terrific read. Truly frightening and enlightening to read about how someone as intelligent as Alice can still succumb to a degenerative mental disease. Also gives insight about how loved ones and caregivers may come across to those who have dementia - they are a person before they are a patient.

Next read: The Big Short by Michael Lewis, or possibly something less ambitious and less about my worst subject (economics), like The Dog Stars by Peter Heller

Sunday, July 19, 2015

The Blondes

This book is another recommendation and borrow from my step-mother. I had high hopes for this work because the cover displays praise from my favorite, Stephen King. I'm gonna have to find a new favorite author, and around the same time that Harper Lee exposes that Atticus is a racist... terrific.

The Blondes by Emily Schultz

Genre: (science?) fiction, epidemic
Publication Date: August, 2012
Setting: NYC and Toronto, present day

Told from the point of view average/tubby, ginger, overall mediocre NYC graduate student (Hazel) as a sudden and mysterious epidemic of rage occurs throughout the world and only affects blonde women. Hazel had slept with a professor at her university and eventually discovers that she is carrying his child. Meanwhile, random "attacks" are occurring all around her of blonde women going nuts and having bouts of aggression towards others. There is no known cause, cure, or method of transmission, but only women who are blonde (even if they are dyed blonde) are afflicted.

Hazel's graduate studies have been focused on femininity and beauty, and coincidentally, it's the blondes who are losing it. I get that this is a satire with deeper meaning, the beautiful blondes are becoming mad, but I'm not buying it. Maybe it's the Biology major in me who can't take this "epidemic" seriously... but I thought World War Z was more believable and far more engaging than this.

Finished reading: Sunday, July 19, 2015

DD's rating: D
Probably doesn't deserve a "D," but I need to counteract the praise that this book receives - "biting satiric wit," "a nail-biter," "Emily Schultz is my new hero." No. The protagonist is unlovable - she is somewhat overweight, kind of pathetic and friendless, feeble, Canadian, and a ginger!  I was rooting more for the crazed blondes than knocked-up and lonely Hazel.

This was something you might read when you exchanged first drafts in a sophomore creative-writing course.

Next read: Still Alice by Lisa Genova

Thursday, July 9, 2015

Into the Wild

I chose this book because I enjoyed the movie (with the always lovely Emile Hirsch) and thought that Chris McCandless reminded me of my wanderlust world-traveling big brother.

Into the Wild by John Krakauer

Genre: Non-fiction, biography
Publication Date: January 1996
Setting: 1992

A very bright and idealistic young man discards his past life, identity, and material possessions to explore America and her people. The man was Christopher McCandless aka Alexander Supertramp. He is from an upper class/upper-middle class family from Virginia, graduated with honors from Emory University and chose a life of rambling to law school or a normal career. After he graduates, he drives his car west until a flash flood causes him to abandon his car and begin life as a nomad, penniless and unconnected. He doesn't tell his family where he is, or even inform that he has chosen to go off the radar. But he wanders around the western US and some of Mexico for a few years. He makes some true friends, those people who take him in and feed him or just share stories or a beer with him. He writes to these people as he continues his wandering (while still not contacting his family).

Eventually Chris makes it to his final destination - Alaska, Yukon territory. It has been his intention to live "in the wild" of Alaska for the summer. He enters the Yukon completely unprepared, with hardly any supplies or weapons. He manages to live in the wild for 100 days, before succumbing to the cruelty of Mother Nature, dying of a combination of poisoning and starvation.

The author is similarly as idealistic as Chris. Those men who fancy themselves in line with Walt Whitman and Henry David Thoreau - those men who believe that life should be spent in nature. That's a fine idea, in theory, but not very realistic in this millennium. The author comments that Chris's campground in Alaska wasn't really even in the wild, because he was within a few miles of a large town and several hunting cabins. Unfortunately for these men, "the wild" isn't as prevalent in this country as it was 100 years ago. You can't escape

I also did not like Chris's isolation. Humans are social creatures, it has helped us to survive, fight off large predators, maintain the environment for habitation, and reproduce. When Chris decides to wander and living by himself in an abandoned bus, he is rejecting a large part of what makes him human - social interaction. Additionally, he renounces his family, for no particular reason other than to be left alone.

I recognize the appeal to leaving all modern comforts and living off the land and as one with nature. But I don't see the draw in doing so alone or by rebuffing those closest to me. Kudos for the attempt at an adventure Chris, I'm sorry it didn't work out for you.

Finished reading: Wednesday, July 1, 2015

DD's rating: C+
Krakauer was a bit too enamored with McCandless and his admiration made him a less than objective biographer. I have trouble looking up to McCandless for abandoning and neglecting his family and befriending odd companions on the road (no trouble with the random friendships, but don't forget those who were there from the start and who worry/care about you).

Next read: The Blondes by Emily Schultz

Wednesday, July 1, 2015

Room

I seem to be rotating fiction and non-fiction, and that suits me just fine. After I read a meaty and draining non-fiction work, I like to sit back and enjoy some more comfortable fiction "stories." This one sure isn't really a happy and uplifting one (both Unbroken and Room are about prisoners), but the fiction and un-reality of the book makes it easier to read.

Room by Emma Donoghue

Genre: Fiction
Publication Date: September 2010
Setting: A room/shed in someone's backyard (mostly)

What's most notable about this book is not that for half of the work it takes place in one 11x11 room, but that it is written with a 5-year-old boy (raised in said room) as the narrator. Jack and his mother entertain themselves with a routine, including designated TV time, a modified version of physical training, nap time, reading, and screaming at the skylight for help.  His mother, kidnapped in college, is the only other person the boy has ever had interaction with and he believes that there is nothing outside of Room. Obviously this boy has some issues, including lack of depth perception because his field of vision is limited to the Room. Jack's whole world is Room and is therefore reluctant to attempt an escape, but no little boy can grow up without playing with Legos or getting kissed by a puppy.

I would be interested to read the book from the point of view of the mother - being kidnapped, being held captive, having a child and raising a child in captivity. How did she come to the decision to keep him out of the loop about the world? How does she night fight tooth and nail every time her captor delivers her supplies? How does this happen to people??

Finished reading: Thursday, June 25, 2015

DD's Rating: B-
Kudos for telling the story from the perspective of a young children, but it was annoying to read his weird language, with fake pancaked words and speaking in incomplete/grammatically incorrect sentences. I recognize that Donoghue took a risk with a different writing style, I'm just not sure it's for me.

Next read: Into the Wild by John Krakauer

Unbroken

Well, I tried to read Killing Patton, but I couldn't get into the battles and military movements. Instead, I opted for another WWII non-fiction. Fortunately, I hadn't seen the movie so I was partially ignorant to the story (besides what previews had offered).

Unbroken by Laura Hillenbrand

Genre: non-fiction, biography, World War II,
Publication Date: November 2010
Setting: the life of Louie Zamperini (California, Hawaii, the Pacific)

Well, this Zamperini guy is incredible. California trouble-maker becomes an Olympic runner, joins the Army during World War II, works in a B-24 bomber, crashes into the Pacific and survives life at sea with crew mates, then is picked up by the Japanese and enters into several very hostile and extreme POW camps.

I don't know how else I can explain it. But that's the story. This guy, this guy who does not give up, lives an incredible life, and survives! Obviously, he lives, but the story is far from a happy one.

Finished reading: Wednesday, June 24, 2015

DD's Rating: B+
A bit too long at times and like I said, not a happy book. Several times I wished for it to just end and not have to read about all the strife the misery, I did not want to read more. My grandmother also told me to stop reading and end the depression, but I had to finish (at least for the sake of my blog).

Next read: Room by Emma Donoghue

The Secret History

Oops, I forgot I read this book back while I was student teaching and never blogged about it (you know, being busy educating 92 young minds). I had Donna Tartt's The Goldfinch (before it won the Pulitzer) and I wasn't a huge fan, but I thought I'd try a different one of hers. Also, at the school I was teaching at, teachers display outside of their room what they are currently reading. I displayed this book and one of my students really connected over this book. Reading unites!

The Secret History by Donna Tartt

Genre: Fiction
Publication Date: September 1992
Setting: Hamden College, Vermont, present-day

The story follows Richard, a California boy who transfers to a liberal arts Hampden College in Vermont. Richard manages to join the eclectic Classics program, with a nutty professor and only five other peers who are all obsessed with Greek history and their own egos. Richard comes from a lower-middle class family and he is put in a position where he only interacts with the very wealthy and profligate. Richard hides his modest upbringing and gradually assimilates into the clique as they take frequent and drunken weekends at Francis's lake house.

Richard becomes obsessed with his "friends" and tries to determine their relationships with each other and with him - Bunny is the boisterous bigot, Francis is a closet homosexual in love with bunny, Henry is elusive and pompous, and twins Camilla (a tease) and Charles who are their own clique. One weekend at the lake house, some of the group get into Ancient Greek-inspired trouble, which other members of the group find out about and use as blackmail. Well things go from bad to worse as these kids try to keep their heads above water, and this small clique eventually self-destructs. Other book reviews refer to this work as a Whydunnit instead of a Whodunnit and that is an excellent description - why did these kids do these things, why do they act this way and to each other.

The book is very well written. What I enjoy is the perfect narrator that is Richard. He is the definition of an outsider - from the West Coast, not wealthy, and new in town. But he is somewhat included into this unique, fascinating, and elite group. Therefore, the audience as well, is included into an exclusive club we always wanted to be a part of. It is also fun to read about college characters, for that times allows for a multitude of opportunities of self-discovery and re-invention.

Finished reading: sometime in March?

DD's rating: A
Thoroughly enjoyed this book. Very well written and better characters than The Goldfinch. I also think I've always fantasized about attending a Northern liberal arts school (in the realm of Bucknell, Vassar, or Colby) and living a very intellectual and antiquated life. Additionally, I became obsessed with the characters as much as Richard did. Two thumbs up.