by Jr. Hagstrom ‧ RELEASE DATE: Feb. 2, 1998
The author of The Warren Buffet Way turns his sights on another successful financial colossus, the National Association of Stock Car Automobile Racers, better known as NASCAR. Looking to add holdings to a mutual fund he manages, Hagstrom first approached NASCAR as he would any other industry. Before long, however, he found the sport's appeal infectious. Although it operates primarily in the deep South and traditionally draws on rural southerners for its fan base, NASCAR, specifically its Winston Cup Series, is one of the most lucrative and stable professional sporting enterprises in the world. According to Hagstrom, NASCAR succeeds because its ``financial house is in order,'' with three primary sources of income: the fans, who are deep-pocketed and fiercely loyal to drivers and to the products of their team sponsors; television— all 31 races are broadcast nationally; and high-profile corporate sponsors, which spend hundreds of millions of dollars annually to reach race attendees and television viewers alike. Added to these elements is the fact that NASCAR is privately held, its owners the descendents of the organization's founder, Bill France Sr. This combination of stable ownership and steady revenues, Hagstrom contends, makes NASCAR a standout among big-money sports leagues, such as the NBA and NFL. He therefore advocates investing in firms that own NASCAR race tracks or teams, or both, as a virtual permit to mint money. Is this sound advice? According to a marketing executive for a prominent sports-drink manufacturer that counts Michael Jordan among its paid endorsers, ``If I had an additional marketing dollar to allocate, I would spend it on NASCAR.'' Hagstrom, in his admiration for NASCAR, occasionally glosses over some things, for instance, that it's alienating some fans by abandoning its small-track, small-team, small-town roots. Nevertheless, this book is a novel and notable examination of sports from a purely mercantilist angle.
Pub Date: Feb. 2, 1998
ISBN: 0-471-18316-4
Page Count: 240
Publisher: Wiley
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: Dec. 15, 1997
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by Bonnie Tsui ‧ RELEASE DATE: April 14, 2020
An absorbing, wide-ranging story of humans’ relationship with the water.
A study of swimming as sport, survival method, basis for community, and route to physical and mental well-being.
For Bay Area writer Tsui (American Chinatown: A People's History of Five Neighborhoods, 2009), swimming is in her blood. As she recounts, her parents met in a Hong Kong swimming pool, and she often visited the beach as a child and competed on a swim team in high school. Midway through the engaging narrative, the author explains how she rejoined the team at age 40, just as her 6-year-old was signing up for the first time. Chronicling her interviews with scientists and swimmers alike, Tsui notes the many health benefits of swimming, some of which are mental. Swimmers often achieve the “flow” state and get their best ideas while in the water. Her travels took her from the California coast, where she dove for abalone and swam from Alcatraz back to San Francisco, to Tokyo, where she heard about the “samurai swimming” martial arts tradition. In Iceland, she met Guðlaugur Friðþórsson, a local celebrity who, in 1984, survived six hours in a winter sea after his fishing vessel capsized, earning him the nickname “the human seal.” Although humans are generally adapted to life on land, the author discovered that some have extra advantages in the water. The Bajau people of Indonesia, for instance, can do 10-minute free dives while hunting because their spleens are 50% larger than average. For most, though, it’s simply a matter of practice. Tsui discussed swimming with Dara Torres, who became the oldest Olympic swimmer at age 41, and swam with Kim Chambers, one of the few people to complete the daunting Oceans Seven marathon swim challenge. Drawing on personal experience, history, biology, and social science, the author conveys the appeal of “an unflinching giving-over to an element” and makes a convincing case for broader access to swimming education (372,000 people still drown annually).
An absorbing, wide-ranging story of humans’ relationship with the water.Pub Date: April 14, 2020
ISBN: 978-1-61620-786-1
Page Count: 288
Publisher: Algonquin
Review Posted Online: Jan. 4, 2020
Kirkus Reviews Issue: Feb. 1, 2020
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by Jeanne Marie Laskas ‧ RELEASE DATE: Nov. 24, 2015
Effectively sobering. Suffice it to say that Pop Warner parents will want to armor their kids from head to toe upon reading...
A maddening, well-constructed tale of medical discovery and corporate coverup, set in morgues, laboratories, courtrooms, and football fields.
Nigeria-born Bennet Omalu is perhaps an unlikely hero, a medical doctor board-certified in four areas of pathology, “anatomic, clinical, forensic, and neuropathology,” and a well-rounded specialist in death. When his boss, celebrity examiner Cyril Wecht (“in the autopsy business, Wecht was a rock star”), got into trouble for various specimens of publicity-hound overreach, Omalu was there to offer patient, stoical support. The student did not surpass the teacher in flashiness, but Omalu was a rock star all his own in studying the brain to determine a cause of death. Laskas’ (Creative Writing/Univ. of Pittsburgh; Hidden America, 2012, etc.) main topic is the horrific injuries wrought to the brains and bodies of football players on the field. Omalu’s study of the unfortunate brain of Pittsburgh Steeler Mike Webster, who died in 2002 at 50 of a supposed heart attack, brought new attention to the trauma of concussion. Laskas trades in sportwriter-ese, all staccato delivery full of tough guy–isms and sports clichés: “He had played for fifteen seasons, a warrior’s warrior; he played in more games—two hundred twenty—than any other player in Steelers history. Undersized, tough, a big, burly white guy—a Pittsburgh kind of guy—the heart of the best team in history.” A little of that goes a long way, but Laskas, a Pittsburgher who first wrote of Omalu and his studies in a story in GQ, does sturdy work in keeping up with a grim story that the NFL most definitely did not want to see aired—not in Omalu’s professional publications in medical journals, nor, reportedly, on the big screen in the Will Smith vehicle based on this book.
Effectively sobering. Suffice it to say that Pop Warner parents will want to armor their kids from head to toe upon reading it.Pub Date: Nov. 24, 2015
ISBN: 978-0-8129-8757-7
Page Count: 288
Publisher: Random House
Review Posted Online: Sept. 14, 2015
Kirkus Reviews Issue: Oct. 1, 2015
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