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PIT BULL

LESSONS FROM WALL STREET'S CHAMPION TRADER

A Wall Street trader exercises a rich man’s prerogative and offers financial advice and his life story. “See how much money I made!” is the message. “I’m pretty smart and damned tough, too.” To be sure, Schwartz (“Buzzy” to his pals) is the prototypical hard driver, a truly successful day trader, buying and selling in lightning strokes for his own account. His is a talent for exquisite market timing, a tricky game for even the most proficient professionals. His specialty is S&P futures, a technique using the marvel of leverage to greatly multiply the chances for gain—or loss—on each tick. It requires an inordinate amount of research as well as stamina, acumen, and nerve, but it can be worth millions every year. The alternative, as Buzzy frets, is “going tapioca.” Buzzy dearly wanted his kids to say, “ ‘My daddy’s the Champion Trader!’ That was all I cared about,” he admits. With success came Lutäce lunches, expensive artworks, Armani suits, Bally alligator shoes, and other trophies. Schwartz essays a little false humility, but the book’s evasive charm is based on chutzpah. In an effort to leverage with OPM (other people’s money), the author established his own hedge funds until investors (the bastards) pestered him about their money. Don’t be surprised to learn the result was heart disease. Now in Florida, trading again for himself, the quondam Champion Trader reveals, with some repetition, his story. It moves nicely, though, with a certain egomaniacal verve. An appendix gives the author’s daily schedule (e.g, “7:20-7:30 Clean out the plumbing”). His investment methodology is also appended, but only the most devoted professional will utilize this rigorous lesson. An archetypal text, true to life on the Street, destined to be discussed over drinks at trader hangouts after the market closes—and better than going tapioca. (Author tour; radio satellite tour)

Pub Date: April 1, 1998

ISBN: 0-88-730876-7

Page Count: 304

Publisher: N/A

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: Feb. 15, 1998

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INVISIBLE SISTERS

A MEMOIR

A heartfelt, painful family saga, skillfully told by a survivor.

Essayist Handler debuts with a memoir of loving sibling bonds cruelly interrupted.

The author’s eight-year-old sister Susie died of leukemia in 1969, when Handler was ten. Their sister Sarah had been ill since infancy with Kostmann’s Syndrome, a bone-marrow disorder like leukemia, but much more rare; she died at age 27 in 1992. Yet Susie and Sarah were at her 1998 wedding, the author avers. They remain vividly present in memory, appearing in the waking reveries and sleeping dreams of their healthy sibling. The girls’ parents were liberal Yankee Jews transplanted to suburban Atlanta in the ’60s. They lived with their children on “a lush street where professors and doctors grew big gardens and tied bandannas around the necks of their Irish setters.” Dad, a crusading labor lawyer, was terrified by his daughters’ illnesses. He went a bit mad, was hospitalized, fled to the Far East and then returned for a divorce. (Perhaps, Handler muses, Dad was angry with her for having a future.) Mom pretended all was well, but the entire family was plunged into darkness by the deaths of two daughters. The author’s stark, lucid prose probes what those losses did to her parents and to her. Handler moved from Atlanta’s Coca-Cola society to the coke culture of Los Angeles. She maintained a journal and kept pertinent ephemera. In 2004-05, she obtained and pored over copious medical files on her sisters’ symptoms, medications and clinical trials. With a sure grasp of revelatory detail, the author recalls homely verities from a vanished life. Her memory piece is an elegy for her dead sisters, who are not quite lost as long as they live in her thoughts.

A heartfelt, painful family saga, skillfully told by a survivor.

Pub Date: April 1, 2009

ISBN: 978-1-58648-648-8

Page Count: 272

Publisher: PublicAffairs

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: Feb. 1, 2009

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THE WEIGHT OF A MUSTARD SEED

AN IRAQI GENERAL’S MORAL JOURNEY DURING THE TIME OF SADDAM

A tenacious attempt to answer the question, “How do ordinary little human cogs make up a torture machine?”

Through the grim travails of one of Saddam Hussein’s top generals, journalist Steavenson (Stories I Stole, 2003) examines the dictator’s edifice of totalitarianism and moral corruption.

Taking her title from a verse of the Koran promising to mete out justice even to the “weight of a mustard seed,” the author weaves a fascinating account of how good men went terribly wrong. Steavenson worked as a journalist in Baghdad in 2003–04 and continued her interviews of exiled Iraqis in London and elsewhere, probing deeply into the stories of former Baath Party officials. Through a high-level Iraqi doctor who had served in the medical corps during the course of four Iraqi wars, the author was put in touch with the surviving family of Kamel Sachet, a commander of the special forces and general in charge of the army in Kuwait City during the Gulf War. The general was shot as a traitor by order of the Iraqi president in 1998. Born to an illiterate family in 1947, Sachet became a policeman and then joined the special forces, rising through the ranks to major. He distinguished himself during the Iran-Iraq war, gaining Hussein’s trust but also his occasional ire, which led to prison and torture. Sachet led the assault into Kuwait, but with the retreat and subsequent scourge by the United States, he became disillusioned with the violence and bloodshed and retired as a devout Muslim. Steavenson ably explores his and others’ obedience in fulfilling the dictator’s grisly demands, echoing works by Hannah Arendt, Primo Levi and Stanley Milgram.

A tenacious attempt to answer the question, “How do ordinary little human cogs make up a torture machine?”

Pub Date: March 17, 2009

ISBN: 978-0-06-172178-6

Page Count: 304

Publisher: Collins

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: Jan. 15, 2009

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