Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts
17 Feb 2013
"Brightness Falls" by Jay McInerney
Jay McInerney does vacuous, shallow, wealth-drugs-or-fame obsessed characters really well, better than most other writers and so good that it rivals Tom Wolfe's Sherman McCoy from "The Bonfires of Vanities".
"Brightness Falls" is the ultimate recession-read, a story of having it all and still wanting more, much more. It's a story of a world where the super-rich make the wealthy look poverty stricken, it really messes with your sense of perspective - a bit like a fashion spread in Vanity Fair actually.
It's the late 1980's and Russel and Corrine Calloway have a great life. She's working in bank, making pretty impressive money while still maintaining to be a very decent human being and work in a soup kitchen - a sort of America's sweetheart in designer suits and cocktail dresses. He's in publishing and although he is good at his job, he is restless and impatient to do more and get more. They met in college and have been a golden couple ever since, the people that everyone else looked up to and wanted to be, the ones who had fabulous dinner parties and were beautiful and successful.
Then Russell gets the opportunity to make take part in a deal. A big deal, one that could shake the New York publishing scene. But everything comes at a price and to pursue his dream of big business and a place in publishing history, Russell must ally himself with ruthless investor Bernie Melman for whom everything is for sale - a corporate devil who is evil incarnate and clad in a great suit.
With the ambitions of 1980's yuppies come also the classic sufferances - depression, drug dependency, eating disorders, infidelity and a life spiraling out of control. It's a story with a morale about how everything comes at a price, about the greed danger of greed and "you don't know what you've got til it's gone".
"Brightness Falls" lacks the humour and satirical elegance of some of McInerney's other books such as "Model Behaviour" or "Story of My Life" but it has Corrine who with her likeability and frailty is a guide leading the reader through the story while promising that the world is not as awful as men like Melman and her husband make it. She is the reason that I would read this book again - because I connected with her in some way - and I admire McInerney for his ability to create such an engaging character.
Read it as a warm-up if you like 1980s stories of excess and hubris and then follow it up with "The Bonfire of Vanities" by Tom Wolfe, the iconic read on this topic.
7 Jun 2012
Review: "Cityboy" by Geraint Anderson
Ever wondered why bankers make so much money? This book won't give you the answer but it will tell you all sorts of other things about bankers... Stuff that seems too outrageous to be true. Now, I am not one for generalisations but Geraint Anderson, author of "Cityboy Beer and Loathing in the Square Mile" is quite a credible storyteller. He started writing the "Cityboy" column for a London newspaper, while working in banking and has years in the industry to use as material for what is a semi-biographical book.
"Cityboy" is the story of a young man, a real hippy with a German-inspired ponytail and an aspirational goatee, who is offered a job in the city as a stockbroker after a rather haphazard job interview that takes place in a noisy pub. He jumps on the chance to make some money but as the years roll by and he finds himself becoming more and more successful at work, he seems to lose himself more and more in a spiral of drugs, greed and gold diggers.
Driven by a serious competitive streak, our hero fights his way through an incredibly large number of boozy lunches, dinners that turn into all-nighters and all-day drinking sessions that turn into cocain-fuelled mornings after. On this journey from innocent hippy to disillusioned professional, our hero meets some pretty stereotypical people who all represent a certain type of person that the author has met in his working life in city and they help illustrate the tale of craziness. From the self-made trader with a penchant for stripper and orange-tanned Essex golddiggers to the mathematical genius with no social skills, it is a parade of stereotypes but somehow it works.
So what did I make of this book? It is somewhere in that strange grey zone between fact and fiction but most of all it is fun. Don't read it for the prose because in terms of writing, it's no beauty - at times it is even a bit annoying. Don't read it for the opinions on the world of finance, there are better books for that. Read it for the humour and the stereotypes. Read it to recognize people you meet on the tube in the morning and to appreciate your own colleagues more.
Read it if: Your favourite book is "Liar's Poker" by Michael Lewis. Your or your partners works in banking. You are a part of the Occupy movement and want to hear the nasty tales from an insider.
"Cityboy" is the story of a young man, a real hippy with a German-inspired ponytail and an aspirational goatee, who is offered a job in the city as a stockbroker after a rather haphazard job interview that takes place in a noisy pub. He jumps on the chance to make some money but as the years roll by and he finds himself becoming more and more successful at work, he seems to lose himself more and more in a spiral of drugs, greed and gold diggers.
Driven by a serious competitive streak, our hero fights his way through an incredibly large number of boozy lunches, dinners that turn into all-nighters and all-day drinking sessions that turn into cocain-fuelled mornings after. On this journey from innocent hippy to disillusioned professional, our hero meets some pretty stereotypical people who all represent a certain type of person that the author has met in his working life in city and they help illustrate the tale of craziness. From the self-made trader with a penchant for stripper and orange-tanned Essex golddiggers to the mathematical genius with no social skills, it is a parade of stereotypes but somehow it works.
So what did I make of this book? It is somewhere in that strange grey zone between fact and fiction but most of all it is fun. Don't read it for the prose because in terms of writing, it's no beauty - at times it is even a bit annoying. Don't read it for the opinions on the world of finance, there are better books for that. Read it for the humour and the stereotypes. Read it to recognize people you meet on the tube in the morning and to appreciate your own colleagues more.
Read it if: Your favourite book is "Liar's Poker" by Michael Lewis. Your or your partners works in banking. You are a part of the Occupy movement and want to hear the nasty tales from an insider.
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