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
An important dialogue at a fraught time, emphasizing mutual candor, curiosity, and respect.
Two bestselling authors engage in an enlightening back-and-forth about Jewishness and antisemitism.
Acho, author of Uncomfortable Conversations With a Black Man, and Tishby, author of Israel: A Simple Guide to the Most Misunderstood Country on Earth, discuss many of the searing issues for Jews today, delving into whether Jewishness is a religion, culture, ethnicity, or community—or all of the above. As Tishby points out, unlike in Christianity, one can be comfortably atheist and still be considered a Jew. She defines Judaism as a “big tent” religion with four main elements: religion, peoplehood, nationhood, and the idea of tikkun olam (“repairing the world through our actions”). She addresses candidly the hurtful stereotypes about Jews (that they are rich and powerful) that Acho grew up with in Dallas and how Jews internalize these antisemitic judgments. Moreover, Tishby notes, “it is literally impossible to be Jewish and not have any connection with Israel, and I’m not talking about borders or a dot on the map. Judaism…is an indigenous religion.” Acho wonders if one can legitimately criticize “Jewish people and their ideologies” without being antisemitic, and Tishby offers ways to check whether one’s criticism of Jews or Zionism is antisemitic or factually straightforward. The authors also touch on the deteriorating relationship between Black and Jewish Americans, despite their historically close alliance during the civil rights era. “As long as Jewish people get to benefit from appearing white while Black people have to suffer for being Black, there will always be resentment,” notes Acho. “Because the same thing that grants you all access—your skin color—is what grants us pain and punishment in perpetuity.” Finally, the authors underscore the importance of being mutual allies, and they conclude with helpful indexes on vernacular terms and customs.
An important dialogue at a fraught time, emphasizing mutual candor, curiosity, and respect.Pub Date: April 30, 2024
ISBN: 9781668057858
Page Count: 256
Publisher: Simon Element
Review Posted Online: March 13, 2024
Kirkus Reviews Issue: April 15, 2024
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
A welcome call to grow up and cut out the whining.
The New York Times columnist serves up a cogent argument for shelving the grudge and sucking it up.
In 1976, Tom Wolfe described the “me decade” as a pit of mindless narcissism. A half century later, Bruni, author of Born Round and other bestselling books, calls for a renaming: “‘Me Turning Point’ would have been more accurate, because the period of time since has been a nonstop me jamboree.” Our present cultural situation, he notes, is marked by constant grievance and endless grasping. The ensuing blame game has its pros. Donald Trump, he notes, “became a victor by playing the victim, and his most impassioned oratory, such as it was, focused not on the good that he could do for others but on the bad supposedly done to him.” Bruni is an unabashed liberal, and while he places most of the worst behavior on the right—he opens with Sean Hannity’s bleating lie that the Biden administration was diverting scarce baby formula from needy Americans to illegal immigrants—he also allows that the left side of the aisle has committed its share of whining. A case in point: the silencing of a professor for showing an image of Mohammed to art students, neither religiously proscribed nor done without ample warning, but complained about by self-appointed student censors. Still, “not all grievances are created equal,” he writes. “There is January 6, 2021, and there is everything else. Attempts by leaders on the right to minimize what happened that day and lump it together with protests on the left are as ludicrous as they are dangerous.” Whether from left or right, Bruni calls for a dose of humility on the part of all: “an amalgam of kindness, openness, and silliness might be an effective solvent for grievance.”
A welcome call to grow up and cut out the whining.Pub Date: April 30, 2024
ISBN: 9781668016435
Page Count: 288
Publisher: Avid Reader Press
Review Posted Online: Feb. 24, 2024
Kirkus Reviews Issue: April 1, 2024
© Copyright 2024 Kirkus Media LLC. All Rights Reserved.
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