A brisk look at times when it pays off to take a chance.
Financial history expert Silber recapitulates a course in risk assessment, showing that generals and politicians no less than investors “take daring chances” in the absence of other options.
There are upsides when people are willing to game the chances of “downside protection,” writes former NYU economics professor Silber. For example, patients with terminal illnesses are crucial to the practice of medical experimentation, since many figure they don’t have much to lose. That decision, writes the author, is very much like the star quarterback who throws what Roger Staubach christened “the Hail Mary pass.” Never mind that the risk is turned all the way up. “The Hail Mary connects less than one in twenty times,” writes Silber, “which may be okay at the end of a football game, but not as a steady diet in life.” Yet the moral equivalents of the Hail Mary are frequent in our history. Silber suggests that having nothing to lose led Rosa Parks to refuse to give up her seat on a Montgomery bus. Similarly, Woodrow Wilson sent Americans to World War I not in 1915, when it could have ended the war sooner, but in 1917, after he had won reelection and didn’t have to fulfill his campaign slogan of avoiding war. Writes Silber, sagely, “second-term presidents should come with a warning label: Do not provoke a lame duck.” Desperation will drive people to extraordinary measures, of course, including attempting to enter a country illegally and, in the case of rogue trader Nick Leeson, taking advantage of the fact that his employer, Barings Bank, “encouraged traders to become daredevils, ignoring the fallout.” (Barings collapsed in 1995.) With an eye to behavioral economics, Silber turns up a few surprises: Even though prisoners serving life sentences don’t have much incentive to behave, they “resemble members of the local chamber of commerce more than Murder Incorporated.”
A brisk look at times when it pays off to take a chance.Pub Date: Aug. 17, 2021
ISBN: 978-0-06-301152-6
Page Count: 256
Publisher: Morrow/HarperCollins
Review Posted Online: May 26, 2021
Kirkus Reviews Issue: June 15, 2021
BOOK REVIEW
BOOK REVIEW
A short, smart analysis of perhaps the most famous passage in American history reveals its potency and unfulfilled promise.
Words that made a nation.
Isaacson is known for expansive biographies of great thinkers (and Elon Musk), but here he pens a succinct, stimulating commentary on the Founding Fathers’ ode to “life, liberty, and the pursuit of happiness.” His close reading of the Declaration of Independence’s second sentence, published to mark the 250th anniversary of the document’s adoption, doesn’t downplay its “moral contradiction.” Thomas Jefferson enslaved hundreds of people yet called slavery “a cruel war against human nature” in his first draft of the Declaration. All but 15 of the document’s 56 signers owned enslaved people. While the sentence in question asserted “all men are created equal” and possess “unalienable rights,” the Founders “consciously and intentionally” excluded women, Native Americans, and enslaved people. And yet the sentence is powerful, Isaacson writes, because it names a young nation’s “aspirations.” He mounts a solid defense of what ought to be shared goals, among them economic fairness, “moral compassion,” and a willingness to compromise. “Democracy depends on this,” he writes. Isaacson is excellent when explaining how Enlightenment intellectuals abroad influenced the founders. Benjamin Franklin, one of the Declaration’s “five-person drafting committee,” stayed in David Hume’s home for a month in the early 1770s, “discussing ideas of natural rights” with the Scottish philosopher. Also strong is Isaacson’s discussion of the “edits and tweaks” made to Jefferson’s draft. As recommended by Franklin and others, the changes were substantial, leaving Jefferson “distraught.” Franklin, who emerges as the book’s hero, helped establish municipal services, founded a library, and encouraged religious diversity—the kind of civic-mindedness that we could use more of today, Isaacson reminds us.
A short, smart analysis of perhaps the most famous passage in American history reveals its potency and unfulfilled promise.Pub Date: Nov. 18, 2025
ISBN: 9781982181314
Page Count: 80
Publisher: Simon & Schuster
Review Posted Online: Aug. 29, 2025
Kirkus Reviews Issue: Oct. 1, 2025
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
SEEN & HEARD
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
PERSPECTIVES
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