A blend of alarmism, intrigue, and solid financial advice. Fans of Rickards will know just what to expect.
An ambitious, eccentric look at the wreckage of the American economy in a time of pandemic.
In his latest book, investment guru Rickards has four goals: describe the origins of Covid-19, suggesting more than once that it’s the product of a Chinese lab; contest the wisdom of the pandemic-triggered lockdown of America; show that the economy is crashing and won’t recover for decades; and give investment advice that includes one of his favorite strategies, stocking up on gold. “If the United States decides to raise the price of gold, you win,” he writes. “If the United States does not raise the price of gold, it will go up anyway because of debt and lost confidence in the dollar. Again, you win.” With the possible exception of gold, about which no two financial counselors agree in every particular, his advice seems sound enough, especially when it comes to diversifying a portfolio across asset classes—and he advocates holding real things like cash and property along with intangibles. The first has more than a whiff of conspiracy theory to it, as if viruses, even novel ones, have to be engineered and don’t just evolve. His account of the collapse of the economy owing to lockdown and fear would be more convincing if it allowed for the differential responses state by state, given that it wasn’t a single fiat that plunged us into a financial spiral. The sometimes fatalistic pronouncements (“Once critical systems break down, civilized behavior lasts three days. After that, the law of the jungle prevails”) won’t improve the reader’s mood, but there are some good takeaways amid the swirl and mayhem, as when Rickards vigorously rejects the theory of efficient markets (“they freeze up at the first sign of trouble”) and advises investors to study history, which may not be quantifiable but offers actionable patterns all the same.
A blend of alarmism, intrigue, and solid financial advice. Fans of Rickards will know just what to expect.Pub Date: Jan. 12, 2021
ISBN: 978-0-593-33027-2
Page Count: 208
Publisher: Portfolio
Review Posted Online: Aug. 31, 2020
Kirkus Reviews Issue: Sept. 15, 2020
Cogent, well-timed ideas for meeting today’s biggest challenges.
Helping liberals get out of their own way.
Klein, a New York Times columnist, and Thompson, an Atlantic staffer, lean to the left, but they aren’t interrogating the usual suspects. Aware that many conservatives have no interest in their opinions, the authors target their own side’s “pathologies.” Why do red states greenlight the kind of renewable energy projects that often languish in blue states? Why does liberal California have the nation’s most severe homelessness and housing affordability crises? One big reason: Liberal leadership has ensnared itself in a web of well-intentioned yet often onerous “goals, standards, and rules.” This “procedural kludge,” partially shaped by lawyers who pioneered a “democracy by lawsuit” strategy in the 1960s, threatens to stymie key breakthroughs. Consider the anti-pollution laws passed after World War II. In the decades since, homeowners’ groups in liberal locales have cited such statutes in lawsuits meant to stop new affordable housing. Today, these laws “block the clean energy projects” required to tackle climate change. Nuclear energy is “inarguably safer” than the fossil fuel variety, but because Washington doesn’t always “properly weigh risk,” it almost never builds new reactors. Meanwhile, technologies that may cure disease or slash the carbon footprint of cement production benefit from government support, but too often the grant process “rewards caution and punishes outsider thinking.” The authors call this style of governing “everything-bagel liberalism,” so named because of its many government mandates. Instead, they envision “a politics of abundance” that would remake travel, work, and health. This won’t happen without “changing the processes that make building and inventing so hard.” It’s time, then, to scrutinize everything from municipal zoning regulations to the paperwork requirements for scientists getting federal funding. The authors’ debut as a duo is very smart and eminently useful.
Cogent, well-timed ideas for meeting today’s biggest challenges.Pub Date: March 18, 2025
ISBN: 9781668023488
Page Count: 320
Publisher: Avid Reader Press
Review Posted Online: Jan. 16, 2025
Kirkus Reviews Issue: Feb. 15, 2025
BOOK REVIEW
PERSPECTIVES
Highly instructive for would-be tycoons, with plenty of entertaining interludes.
Well-crafted memoir by the noted media mogul.
Diller’s home life as a youngster was anything but happy; as he writes early on, “The household I grew up in was perfectly dysfunctional.” His mother lived in her own world, his father was knee-deep in business deals, his brother was a heroin addict, and he tried to play by all the rules in order to allay “my fear of the consequences from my incipient homosexuality.” Somehow he fell into the orbit of show business figures like Lew Wasserman (“I was once arrested for joy-riding in Mrs. Wasserman’s Bentley”) and decided that Hollywood offered the right kind of escape. Starting in the proverbial mailroom, he worked his way up to be a junior talent agent, then scrambled up the ladder to become a high-up executive at ABC, head of Paramount and Fox, and an internet pioneer who invested in Match.com and took over a revitalized Ticketmaster. None of that ascent was easy, and Diller documents several key failures along the way, including boardroom betrayals (“What a monumental dope I’d been. They’d taken over the company—in a merger I’d created—with venality and duplicity”) and strategic missteps. It’s no news that the corporate world is rife with misbehavior, but the better part of Diller’s book is his dish on the players: He meets Jack Nicholson at the William Morris Agency, “wandering through the halls, looking for anyone who’d pay attention to him”; hangs out with Warren Beatty, ever on the make; mispronounces Barbra Streisand’s name (“her glare at me as she walked out would have fried a fish”); learns a remedy for prostatitis from Katharine Hepburn (“My father was an expert urological surgeon, and I know what I’m doing”); and much more in one of the better show-biz memoirs to appear in recent years.
Highly instructive for would-be tycoons, with plenty of entertaining interludes.Pub Date: May 20, 2025
ISBN: 9780593317877
Page Count: 352
Publisher: Simon & Schuster
Review Posted Online: May 12, 2025
Kirkus Reviews Issue: June 15, 2025
SEEN & HEARD
SEEN & HEARD
SEEN & HEARD
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