“The thing you have to understand and understanding this explains so much about Murdoch’s success is that happy newspaper families are alike and unhappy newspaper families are, well, quite alike too: in the end they all lose their papers. As cautionary tales go you could hardly find a more hothouse example of families gone awry, of genetic dumbing down, of the effect of idiot-son primogenitor, and of the despairing results of idle hands than newspaper families…The Bancrofts are ridiculous.”
The use and abuse of genealogy as evidenced in old world newspaper families told fetchingly, by a bitchy, fact-loving gossip.
Wolff reads Murdoch against his century, against his country, against his father and delivers a kind of King Solomon saga, with the years of degeneration yet to come….
At the end of this very long book, a famous publisher asks an ex-novelist to write about Wall Street during the subprime fiasco. But the novelist can only write about the novelist. No characters, no plot, no events ever get beyond the “me” of this word dealer. Annoying, pizzicato reading by Kate Reading.
Michael Cantela is the youngest winner of the Investment Advisor of the Year at the elite investment firm of Saxton Silvers. He has a knack for making rich people richer, an apartment on Sutton Place, an unemployed wife, and an eight or nine figure personal portfolio. That is, until he checks his balance. Which is zero.
Imagine it: a hotel room at the Pierre, your wife is newly undressed and waiting for you who are on line looking at a zero balance. Your portfolio has been liquidated. All your stocks sold, and the total transferred to somebody else’s account on the Cayman Islands.
A short look at the short success of a straight man among the crooked and the greedy, with a little torture thrown in, for spice.
Don’t buy anything. Don’t borrow anything. Don’t open any kind of e-trade account, or invest in any kinds of funds, or buy any kinds of currencies, or pay any kind of broker. Read this book, cover to cover. Then write a letter of praise to Peter Schiff for his clarity of thought, his easy to understand explanations of economic realities, and his ability to map out alternatives for Americans with a little bit of good sense.