Street
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not merely a book of poetry, but a book of CLORE
He has me laughing and crying!
poetry for today
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The Go-Go Years
Colorful Tales of Wall Street Glory and ShameBut the book is far more than a prescient account of today's market forces. It's a vivid rogues gallery of people who rode the tides of fortune, had their days at the crest of their profession, and then fell back. Some, like stockpicker extraordinaire Gerald Tsai, the first Asian to rise to NYSE prominence, were undone by fortune and circumstance. Other less savory characters had only themselves to blame.
There's an early look at Ross Perot, described vividly at the book's outset as losing a half-billion in a single day (April 22, 1970) and more or less shrugging it off. Perot's priorities were solid and he knew what he was about. Not so Eddie Gilbert, "The Last Gatsby" as Brooks calls him, who parlays small victories into outrageous defeats, dragging along a coterie of privileged friends into more and more nefarious investment schemes. Brooks sees Gilbert's get-rich-quick attitude as too emblematic of Wall Street in the 1960s, and his narrative never tires of pointing these out.
Brooks' elegant prose has a way of leaping out at you without disrupting the narrative flow. About the trend for all investment strategy to come unglued: "The dumb money could take bitter comfort in the company it had among the smartest of the smart money - or former money." On Tsai: "...so swift and nimble in getting into and out of specific stocks that his relations with them, far from resembling a marriage or even a companionate marriage, were more often like that of a roué with a chorus line." On the numerous bailouts undertaken by the Street as the '60s went sour: "Save the broker in order to serve the customer: it was Wall Street's version of the trickle-down theory."
Brooks's writing feels timeless. His is a lapidary style of almost accidental eloquence, blending facts in a seamless way as he tells his tale. It's like Roger Angell's baseball writings for the same magazine - I kept thinking about Angell's great essays in "The Summer Game," which focuses on roughly the same period as "The Go-Go Years," albeit on a different sport.
While Brooks's disapproval with Wall Street in the 1960s is obvious, and his genteel liberal disdain for a status quo that allows the market to manage itself shows up now and again, he never loses his focus on the people, and allows them to breathe in his narrative. He doesn't quote from them much, but he obviously spoke to many of the principals at length and weaves their insights into the story. As much as the then-nascent trend toward conglomeratization bothers him, he allows himself to show some sympathy for one of its more outrageous practitioners, Saul Steinberg, who in one of the best chapters finds himself thwarted by the bluebloods while attempting to acquire Chemical Bank. "I always knew there was an Establishment - I just used to think I was a part of it," Steinberg says.
It's not a connect-the-dots style history of Wall Street in the 1960s. It's too episodic for that. But if you are studying the facts and figures of the Go-Go Years and want a deeper look, or simply enjoy the human drama all-too-often overlooked in American business journalism, "The Go-Go Years" is a book that has only appreciated in value over time.
Outstanding Review of the 1960's Boom and BustThere are many outstanding sections of the book; the introduction to Ross Perot in the first chapter, the history of Gerald Tsai and Fidelity, the rise and fall of the conglomerates, the description of the back-office and its staff, and finally the description of Wall Street that begins Chapter 5, which is without question the best description of the area ever written. These few pages (104 - 111) are simply an outstanding piece of prose.
There are just too many good things about this book to fit into a 1,000 word review. Too many of the lessons from only 40 years ago are maddeningly similar to the lessons many dot-com and IPO investors are learning now, and the structure and actions of many Wall Street establishments are all too easily explained with this simple peace of previously "missing" history. If you are up to date on the current view of the 1929 collapse, and the bull market of the 1980's, then this is the book that goes a long way towards filling out the major events that shaped the markets in the interim.
Go read this book.
Favorite Excerpts:
"Goaded by stock underwriters eager for commissions or a piece of the action owners of family businesses from coast to coast - laundry chains, soap-dish manfacturers, anything - would sell stock in their enterprises on the strength of little but bad news and big promises." - Brooks (page 28)
"Some accused him of being a habitual liar; they forgave him because he seemed geniunely to believe his lies, especially those about himself and his past." - Brooks (page 63)
"In the nineteen twenties, Wall Street's last great era before the present one, it was a kind of super university as well as a marketplace." - Brooks (page 105)
"'We were all sheep,' one of them would admit, sheepishly, years later." - Brooks (page 120)
"A smooth operator with a streak of the gambler; a company more interested in attracting investors than in making real profits; the resort to tricky accounting; the eager complicity of long-established, supposedly conservative investing institutions; the desperation plunge in a gambling casino at the last minute; the need for massive central-banking action to localize the disaster; and finally, reform measures instituted too late - we will see all of these elements reproduced with uncanny faithfulness in United States financial scandals and mishaps later in the nineteen sixties." (page 125 - 126)
"Economics have never been my strongpoint" - Salinger (page 273)

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Keep This Real
Writer's Digest Reviewer says:"I am most impressed with the author's passion ... This is a well written book that allowed me into the world where I have never set foot. The author's faith shines through, from the crosses on the cover to the inside pages."
The Last Street Fighter Finds Faith To Abandon Gangs.Fighter." His in -your- face auotobiography rips through the street of the Bay Area, depicting fights, death, fear and survival against odds many did not survive. "I have so many friends who never lived to see 18, 21 or 25. This story is for them and for the people who are trying to get out." "The Last Street Fighter" is difficult to put down because Normis spins a great story. (These are quotes from a feature article of the ANG newpaper group, including the Oakland Tribune, posted 10/5/02 by Book Editor and Columnist Simone Haas.) The Last Street Fighter is a true story.

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Meeting FearOf course, Street is not your typical skiers, either in ability or attitude. Simply put, even through multiple crashes (and even through blowing out a knee) and trips to the hospital, she did not "know fear" until the massive crash that occured shortly after the 1998 Olympics.
The book details her sporting, social, and family life in rural Idaho as a child, her races, rise to media stardom, and her various stints at rehabilitation. Through it all, we see a brash person looking for the next rush of adreneline, and the next victory. She accounts not only races, but conflicts with family, team members, and (eventually) employees. Her exploration of the world of being a Nike celebrity (design your own shoe) was an unexpected bonus.
I wish that she had waited to write this book until after the 2002 Olympics. After shattering one leg and tearing out the knee of the other, and the subsequent grueling rehabilitation, merely making the team was quite a feat. I would have liked to know what she thought of it all, though.
One weakness of the book is repetition--the word "ass" must have been used, on average, every other page. I don't faint at the sight of vulgarity, but a good writer finds ways around using the same word, especially a semi-vulgar one, over and over. The style, as you would expect from a "jock book," isn't always smooth or deep, but it offers just enough insight to make for an interesting read during the off-season.
Go Peak!
Finally a true good source to meet PicaboI live in Chile and love skiing. Picabo comes sometimes on her summer to train on Chile and its just the greatest to see her training.
What I love about her is that she is a very authentic person and says just what she is thinking.
It seems to me that she has had a blast in her life, gone places, met people, won medals, campaign for Nike, etc.
Also, she is my same age , and so it is always interesting to see what others girls like me can do.

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my boy has a crush on betty-lou
A GREAT BOOK
The single most helpful book in getting my daughter started
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As an African American himself, Anderson moves through the middle- and lower-class Philadelphia neighborhoods with ease, interviewing a variety of subjects, all of whom deal daily with consequences of urban decay--from the high-achieving young woman who had to reject her poorer relatives to better herself, to the former delinquent who tries to go straight after returning from prison. For Anderson, these are the true heroes of Code of the Street: people who overcome the temptations of the streets to help create a better space for the next generation. --Eugene Holley Jr.

We All Live By The Codes
The truth, and Nothing But the Truth!I had the pleasure meeting Elijah Anderson, and he is a completely a very nice person and keeps things "real." He is not some type of "wanna be" researcher who is trying to write a book about the innercity people, and don't have a clue about how people in the innercity lives. He has experience of living in the innercity, and he wrote this book (along with others) to help explain to others how the situation is in the innercity. I totally support his work.
Excellent book!One of the most important things is the difference between street and decent. It is difficult to figure out who is who. Its supposed to be that way. Its about survival.
Anderson breaks stereotypes. He gives a thorough description of the oppositional culture. He discusses sex and children without full responsibility as proof of manhood. He also includes what girls are trying to gain as well. He points out that by the time that children enter fourth grade they already know that respect in the education system is very different from that on the streets. Its encredibly difficult for children and it shouldn't be this hard.
I think that in order to solve a problem you need to know what the problem is. He lays this out very well. I liked it so much that I have started to read Streetwise.

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The magic is back
I love Falcon.
Dragonsbreath rules!In this book, the sequel, Falcon watches as Toody is swept out of a plane and she follows him as she tries to save him. From that moment on, these two enter a world that is both real and fantasy. There is more magic in this book than in the first, and it is sillier. But it is a very enjoyable silliness that contrasts with the seriousness of "Falcon's Egg". I particularly liked Dirius, the old dragon with a little gas problem (hilarious) and Belinda Chomondley, the Charles Street Witch.

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Very dry and boring; a disappointment
great collection of streets and storiesIn the book's introduction, which I also found interesting, the author explains some of the obstacles in doing this project--particularly the 'lack of cohesive record-keeping by the city' and the misinformation and erroneous data in the 'seemingly authoritative newspaper clippings.'
I would've liked to have seen longer descriptions and some street maps included for reference. Overall though, it's an excellent book for anyone interested in Philadelphia. In addition to teachers, I think it would also benefit anyone putting together local tours or a 'historical neighborhood' association.
Unique, Fun, and Interesting Book
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I find this book hard to follow and the text, "choppy."
A Great and Useful Book!
A Wonderfully Entertaining and Educational Book
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It's brilliant.
A thought-provoking, insightful novel
A sad story told with humourIt's a sad story about the life a young boy growing up in poverty in Bombay. It is tragic, but it is told with such objectiveness that you cannot cast judgment upon any of the characters involved.
This is a brilliant display of James' talent of telling things how they are, without imposing a moralistice slant. You'll even laugh a lot.
This book is definitely worth reading.