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Archive for the 'Book of the Week' Category

Monday, February 8th, 2016

Book Giveaway! The Wheel: Inventions and Reinventions, by Richard W. Bulliet

The Wheel

“An extraordinary account, with novel interpretations that might generate debate among the experts, but also fantastic details that any reader can enjoy. Bulliet examines histories and geographies from across the world, all seen with the eye of the wheel, thereby often rendering the familiar strange.” — Saskia Sassen

This week, our featured book is The Wheel: Inventions and Reinventions, by Richard W. Bulliet. Throughout the week, we will be featuring content about the book and its author on our blog as well as on our Twitter feed and our Facebook page.

We are also offering a FREE copy of Short Selling. To enter our book giveaway, simply fill out the form below with your name and preferred mailing address. We will randomly select our winners on Friday, February 12th at 1:00 pm. Good luck, and spread the word!

Thursday, February 4th, 2016

Recipes for Cooked Books

Short Selling

“Investors can detect accounting issues by paying attention to unusual assumptions and changes in assumptions used in reporting financial statements…. Changes and anomalies in the assumptions can often point to early warning signs.” — Amit Kumar

This week, our featured book is Short Selling: Finding Uncommon Short Ideas, by Amit Kumar. In today’s post, Kumar lists and describes some of the ways one can tell a company is “cooking their books.”

Don’t forget to enter our book giveaway for a chance to win a free copy of Short Selling!

Wednesday, February 3rd, 2016

Due Diligence in Short Selling

Short Selling

“Although buying low and selling high usually works for long ideas, selling short based only on high valuation usually does not work as well. Investment theses for short ideas work well when a company faces clear issues with its business model, whereas high valuation only serves as icing on the cake.” — Amit Kumar

This week, our featured book is Short Selling: Finding Uncommon Short Ideas, by Amit Kumar. In today’s post, Kumar explains some basics of short selling, and examines the practice of selling short based only on high valuation.

Don’t forget to enter our book giveaway for a chance to win a free copy of Short Selling!

Tuesday, February 2nd, 2016

On Reading Short Selling

Short Selling

“Short selling is not for the faint of heart. While fortunes have been made shorting, many have also been lost. Shorting stocks is for the financially experienced and sophisticated investors with a strong stomach for losses.” — Amit Kumar

This week, our featured book is Short Selling: Finding Uncommon Short Ideas, by Amit Kumar. For our first post of the week, we have excerpted Kumar’s Preface, in which he offers a word of caution and explains how he hopes his book will be used.

Don’t forget to enter our book giveaway for a chance to win a free copy of Short Selling!

Monday, February 1st, 2016

Book Giveaway! Short Selling: Finding Uncommon Short Ideas

Short Selling

Short Selling keeps the reader’s attention through real examples, cases, and interviews with investment professionals. This book is sound and accurate, ideal not only for academics and professionals but also for anyone who has an interest in the various strategies, risk, actual case studies, and mechanics of selling short. I know of no other text like it.” — Glen A. Larsen Jr., professor of finance, Kelley School of Business

This week, our featured book is Short Selling: Finding Uncommon Short Ideas, by Amit Kumar. Throughout the week, we will be featuring content about the book and its author on our blog as well as on our Twitter feed and our Facebook page.

We are also offering a FREE copy of Short Selling. To enter our book giveaway, simply fill out the form below with your name and preferred mailing address. We will randomly select our winners on Friday, February 5th at 1:00 pm. Good luck, and spread the word!

Friday, January 29th, 2016

What Is the Common Good?

What Kind of Creatures Are We?

“[H]umans are social beings, and the kind of creatures we become depends crucially on the social, cultural, and institutional circumstances of our lives. We are therefore led to inquire into the social arrangements that are conducive to the rights and welfare of people, to fulfilling their just aspirations—in brief, the common good.”
— Noam Chomsky

This week, our featured book is What Kind of Creatures Are We?, by Noam Chomsky. For the final post of the week, we have an excerpt from the third chapter of the book: “What Is the Common Good?”:

Thursday, January 28th, 2016

What Kind of Creatures Are We?

What Kind of Creatures Are We?

“The reality, however, is otherwise, for it is becoming increasingly clear that the acquisition of the uniquely modern [human] sensibility was instead an abrupt and recent event…. And the expression of this new sensibility was almost certainly crucially abetted by the invention of what is perhaps the single most remarkable thing about our modern selves: language.” If so, then an answer to the question “What is language?” matters greatly to anyone concerned with understanding our modern selves.” — Noam Chomsky

This week, our featured book is What Kind of Creatures Are We?, by Noam Chomsky. In today’s post, we have an excerpt from the opening chapter of What Kind of Creatures Are We?.

The general question I would like to address in these lectures is an ancient one: What kind of creatures are we? I am not deluded enough to think I can provide a satisfactory answer, but it seems reasonable to believe that in some domains at least, particularly with regard to our cognitive nature, there are insights of some interest and significance, some new, and that it should be possible to clear away some of the obstacles that hamper further inquiry, including some widely accepted doctrines with foundations that are much less stable than often assumed.

I will consider three specific questions, increasingly obscure: What is language? What are the limits of human understanding (if any)? And what is the common good to which we should strive? I will begin today with the first, and will try to show how what may seem at first to be rather narrow and technical questions, if pursued carefully, can lead to some far-reaching conclusions that are significant in themselves, and differ sharply from what is generally believed – and often regarded as fundamental – in the relevant disciplines: cognitive science in a broad sense, including linguistics, and philosophy of language and mind.

Throughout, I will be discussing what seem to me virtual truisms, but of an odd kind. They are generally rejected. That poses a dilemma, for me at least. And perhaps you too will be interested in resolving it. (more…)

Wednesday, January 27th, 2016

Part 2 of Akeel Bilgrami’s foreword to What Kind of Creatures Are We?, by Noam Chomsky

What Kind of Creatures Are We?

“Given the fundamental starting point in human creativity and the importance of its unhindered flowering, Chomsky’s leaning toward anarchism is not surprising, and his way of putting the point has always been to declare, as he does in this lecture again: any form of coercion that hinders it can never be taken for granted.” — Akeel Bilgrami

This week, our featured book is What Kind of Creatures Are We?, by Noam Chomsky. To start the week, we are excerpting Akeel Bilgrami’s excellent foreword in two parts. In this second half, Bilgrami goes through the other three chapters of What Kind of Creatures Are We? and looks at Chomsky’s work on the limits of human cognition and on humans as social creatures.

Tuesday, January 26th, 2016

Part 1 of Akeel Bilgrami’s foreword to What Kind of Creatures Are We?, by Noam Chomsky

What Kind of Creatures Are We?

“If one firmly understands that language is not designed by human beings but is part of their biological endowment, then, taking language as an object of study, whether scientific or philosophical, there might have to be considerable shift in our methodological approaches.” — Akeel Bilgrami

This week, our featured book is What Kind of Creatures Are We?, by Noam Chomsky. To start the week, we are excerpting Akeel Bilgrami’s excellent foreword in two parts. In the first half, Bilgrami breaks down the first chapter of What Kind of Creatures Are We?, and uses his explanation to delve into Chomsky’s basic ideas in linguistics and cognitive science.

Monday, January 25th, 2016

Book Giveaway! What Kind of Creatures Are We?, by Noam Chomsky

What Kind of Creatures Are We?

“It’s always spring in Mr. Chomsky’s garden. Like John Ashbery, Noam Chomsky seems to come up with thoughts that are always fresh, unaffected by the polluting cliches that most of us inhale and exhale all day and night. To read his sentences is a life-giving elixir.” — Wallace Shawn

This week, our featured book is What Kind of Creatures Are We?, by Noam Chomsky. Throughout the week, we will be featuring content about the book and its author on our blog as well as on our Twitter feed and our Facebook page.

We are also offering a FREE copy of What Kind of Creatures Are We?. Due to overwhelming participation in the giveaway, we have upped our offer to TWENTY free copies of the book! To enter our book giveaway, simply fill out the form below with your name and preferred mailing address. We will randomly select our winners on Friday, January 29th at 1:00 pm. Good luck, and spread the word!

Thanks to all those who participated! The giveaway is now closed. We have randomly selected our twenty winners and notified them by email.

Friday, January 22nd, 2016

Shirley Hazzard’s Introduction to Geoffrey Scott’s THE PORTRAIT OF ZÉLIDE

We Need Silence to Find Out What We Think

“Zélide’s wit and beauty, her prodigious intelligence are not without arrogance. For most of her life, however, pride will be countered by a disarming honesty of self-appraisal. Her Gallic rationality is similarly moderated by cordiality. Among her finest attributes is simplicity of conduct: springing from people disposed to take themselves seriously, she has little taste for self-solemnity.” — Shirley Hazard

This week, our featured book is We Need Silence to Find Out What We Think: Selected Essays, by Shirley Hazzard, edited with an introduction by Brigitta Olubas. For the final post of the feature, we have excerpted Hazzard’s introduction to Geoffrey Scott’s classic biography, The Portrait of Zélide.

Thursday, January 21st, 2016

Shirley Hazzard’s Introduction to Iris Origo’s LEOPARDI: A STUDY IN SOLITUDE

We Need Silence to Find Out What We Think

“Great sensibilities are born into exile. As he came to an understanding of his powers, and of the cruel seclusion of his existence at Recanati, Leopardi was not the first to feel homesickness for a setting he had never known—for the stimulus and sympathy of kindred spirits to whom art and thought, and the heart’s affections, were supreme: a country that he had inhabited in books.” — Shirley Hazard

This week, our featured book is We Need Silence to Find Out What We Think: Selected Essays, by Shirley Hazzard, edited with an introduction by Brigitta Olubas. Today, we are happy to present an excerpt from Hazzard’s introduction to Iris Origo’s study of Italian lyric poet Giacomo Leopardi.

Wednesday, January 20th, 2016

Energy’s Image

Chaos Imagined

“Turner’s ambitions took him beyond his abiding interest in the unstable and ephemeral, the chaos of impermanence and the vast disruptions of unimaginable forces. It drove him to attempt to see and unveil the underpinnings, the living energy, even in scenes where water, earth, and air virtually dissolve not in turmoil but in tranquil luminosity.” — Martin Meisel

This week, our featured book is Chaos Imagined: Literature, Art, Science, by Martin Meisel. In the final post of the feature, we are happy to present an excerpt from the book’s chapter on the art of J.M.W. Turner, “Energy’s Image.”

Wednesday, January 20th, 2016

Book Giveaway! We Need Silence to Find Out What We Think: Selected Essays, by Shirley Hazzard

We Need Silence to Find Out What We Think

“In these essays there is a lovely sense of witnessing a brilliant and judicious mind at work. Shirley Hazard has a way of finding the right phrase, and capturing a tone and a rhythm, that offer a sort of sensuous pleasure to the reader. She cares passionately about writing, the life of the mind but also the public realm. As in her novels, her essays display the quality of her sympathy, her ability to make distinctions as well as connections, and her acute analysis. She is an inspiring presence in our literary life, and having these essays is both a gift and a revelation.” — Colm Tóibín

This week, our featured book is We Need Silence to Find Out What We Think: Selected Essays, by Shirley Hazzard, edited with an introduction by Brigitta Olubas. Throughout the week, we will be featuring content about the book and its author on our blog as well as on our Twitter feed and our Facebook page.

We are also offering a FREE copy of We Need Silence to Find Out What We Think. To enter our book giveaway, simply fill out the form below with your name and preferred mailing address.

Tuesday, January 19th, 2016

A Reflection, by Martin Meisel

Chaos Imagined

This week, our featured book is Chaos Imagined: Literature, Art, Science, by Martin Meisel. Today, we are happy to present a guest post from Meisel in which he discusses the origins of the massive undertaking of researching and writing Chaos Imagined.

A Reflection
By Martin Meisel

Sometimes I am asked how I came to write this book, one that strays so far from the umbrella of my credentialed competence. It happened after publication of an earlier book called Realizations: Narrative, Pictorial, and Theatrical Arts in Nineteenth-Century England. My editors, the formidable Miriam Brokaw and Jerry Sherwood, then with the Princeton University Press, asked me, “Well, what’s next?” I really didn’t know. But like most scholars I had a file of bright ideas that I might want to follow up one year or another, and I offered some of those: a book on Dickens, about whose imaginative superabundance and uses of plot as symbolic instrument I had a lot to say (“Yes, go on.”). One on Ben Jonson’s plays, whose comedic brilliance delighted me. Something on prediction in literary studies (“Interesting.”). A book on the theater of professions—journalism, medicine, law, politics, the clergy, theater, the military. A book on Sean O’Casey’s plays, which I had been teaching (and acting, from the podium) with great relish (“Uh huh. And?”). A book on the idea of “chaos” and its attempted representations—the obverse, so to speak, of the usual premise in the history of ideas, not to say the study of cultures and societies, where an investigator typically sought to elicit “cosmos,” that is, ideas of order, as in the Elizabethan (or Tobriand Islander) “World Picture.” It had struck me, moreover, that imagining and representing the extreme of disorder—chaos—had a history. The “shape” of chaos varied, not only from place to place, but, even in our own evolving culture, over time. “Do that!” said my editors in chorus. “All right,” I replied, being of indecisive character and grateful for firm guidance, though tenacious, indeed stubborn, once I had come to decision. A decision is too valuable an achievement to forego.

The trouble—which turned out to be the reward—was that this project demanded at least some competence in areas where I might have general knowledge, but neither depth nor expertise. So it embroiled me, not just in research, but in education—educating myself in myriad matters, like mathematical notation in ancient Greece, rival schools in ancient philosophy, subjects and approaches in art history, thermodynamic theory and its development, history of warfare, philosophy of science, literature in languages I couldn’t read. As a scholar, I have always had a fear—a sort of death’s-head presence in my preconscious—of turning into a version of the Reverend Mr. Casaubon, the dry-as-dust scholar in George Eliot’s Middlemarch, engaged in a work called “The Key to All Mythologies,” designed to prove that all mythologies were corruptions of the true nature and history of things to be found in the Holy Bible. The trouble in his case, apart from the hubristic ambition of his project, was that he was ignorant of the language and scholarship of contemporary philology and biblical criticism, not to say archaeology, much of it in German. And here was I, with a project of similar scope and ambition, and with any number of manifest deficiencies. And then in the end—even if I were to rise to the challenge—there was the threat of what one might call the imitative fallacy: writing a book about chaos that was itself chaotic. For with so uncontainable a subject, where so much that seemed relevant turned up around every corner, the end result could be hash, a potpourri with neither structure nor standpoint, rhyme nor reason. In that case, thought I—as time passed, and I detoured sporadically into other projects, but always came back to this one—I will have had the pleasure of nosing about in so many fascinating, exotic, and sometimes forbidding locales, the pleasure I hoped to bring to my students every day: of learning.

And so here is the result—Chaos Imagined—only made possible, I suspect, by what I have managed to leave out. I hope its readers will also find some pleasure in it, and some enrichment of the kind it gave so abundantly to me.

Monday, January 18th, 2016

Book Giveaway! Chaos Imagined: Literature, Art, Science, by Martin Meisel

Chaos Imagined

“Martin Meisel’s magnum opus is a heroic act of defiance against its own subject matter: an enlightening, judicious, cohesive history of three millennia of thought about the terrors and attractions of chaos. The book moves with steady confidence through literature, science, art, and philosophy, illuminating many varieties of darkness, finding convincing and original connections across centuries and continents. With authority and energy, it creates a whole new field of study.” — Edward Mendelson, Lionel Trilling Professor in the Humanities, Columbia University

This week, our featured book is Chaos Imagined: Literature, Art, Science, by Martin Meisel. Throughout the week, we will be featuring content about the book and its author on our blog as well as on our Twitter feed and our Facebook page.

We are also offering a FREE copy of Chaos Imagined. To enter our book giveaway, simply fill out the form below with your name and preferred mailing address. We will randomly select our winners on Friday, January 8th at 1:00 pm. Good luck, and spread the word! Below the giveaway form, you can also read an excerpt from the first chapter, “Shaping Chaos.”

Shaping Chaos

Friday, January 15th, 2016

The Press and Authority — Roy J. Harris, author of “Pulitzer’s Gold”

Spotlight

“If Spotlight leaves viewers with something to think about going forward, let’s hope that it’s a more critical understanding of how we view authority figures in general — and that the journalists who monitor them have the duty to help keep them honest.”—Roy J. Harris

We conclude our week-long feature on Pulitzer’s Gold: A Century of Public Service Journalism, by Roy J. Harris Jr. with a post on Harris’s recent article on Spotlight, published on Cognoscenti, WBUR’s blog. The story of the Boston Globe’s investigation into sex abuse among priests is covered in the book’s chapter Epiphany: The Globe and the Church

In the article, Harris discusses about Spotlight‘s depiction of how the Globe discovered the cover-up of sexual abuse by Catholic priests. The film as he and others have acknowledged have put journalism in a good light and shows their power to effect change.

While the story reveals the impact journalism can have and represents a devastating critique of a powerful institution, challenges still exist. The film, as Harris describes it, offers an excellent portrayal of how the reporters came to grips with having to expose an institution that enjoyed a certain prestige and authority. Marty Baron, who was the editor at the Globe during the breaking of the story, recognizes the difficulties of covering certain institutions:

Marty Baron sees “Spotlight’s” message as extending far beyond the church scandal and the role of the press. Baron, now The Washington Post’s executive editor, noted in a recent email exchange with me that people in general — not just journalists in search of a good story — often balk at learning too much about organizations with generally favorable reputations. “Many charitable nonprofits, from arts institutions to those with a social purpose, get a pass on close examinations because they are seen as doing good. And many do good, but that shouldn’t exempt them from accountability,” according to Baron.

Yet journalists have a special challenge in breaking through the deference that surrounds such organizations and celebrities. “One reason institutions can escape examination is because they are sources for reporters,” Baron wrote. “That’s often the case with prosecutors, police and firefighters, who over the years escaped the more critical attention that their enormous power calls for. That deference has already begun to erode, as evidenced by a lot of reporting over the last couple of years.”

(more…)

Thursday, January 14th, 2016

All the Editor’s Men — Pulitzer’s Gold and Watergate

Pulitzer's Gold, Roy J. Harris

In the following excerpt from Pulitzer’s Gold: A Century of Public Service Journalism, Roy J. Harris looks back at the oft-told but frequently misunderstood history behind Woodward and Bernstein’s reporting of Watergate. In the passage, Woodward himself challenges the mythology that has grown around their coverage.

“People don’t win Pulitzer Prizes by being for; they usually win them by being against. “—President Richard M. Nixon, to the national association of broadcasters, march 19, 1974

Bob Woodward had not seen the movie All the President’s Men for twenty-five years. Then one day in mid-2005 he sat down with his eight-year­ old daughter Diana while she watched it for the first time. Noticing her squirming a bit, the Washington Post assistant managing editor asked what she was thinking. “The guy pretending to be you doesn’t look like you at all,” Diana told him. And what else? “Boring, boring, boring,” she said. “And she’s exactly right,” Woodward agrees, chuckling—not just about the movie, but about the nature of the Watergate investigation itself. “Because it’s about fitting little pieces together. You don’t know what you have when you publish a little piece, but you publish it anyway.” (See video below with Bob Woodward and Carl Bernstein discussing the story behind All the President’s Men)

Any squirming of his own on the topic of Watergate may have more to do with how often he has been asked over the years to rehash the role of “Woodstein”—as the Post editors nicknamed the duo of Woodward and Carl Bernstein during their investigation—in the events that led to Presi­dent Richard Nixon’s August 1974 resignation. Just a few months before the father–daughter movie viewing, another flurry of national publicity erupted when Deep Throat chose to identify himself. Woodward’s cel­ebrated secret source turned out to be W. Mark Felt, the number two man at the Federal Bureau of Investigation during the time of the Watergate probe. (A smoke-wreathed Hal Holbrook, stepping from behind pillars in an eerie, dark garage, played him in the 1976 film.)

Alan Pakula’s movie—with Robert Redford and Dustin Hoffman as Woodward and Bernstein and Jason Robards as the Post executive editor Ben Bradlee—actually holds up well today. For adults, at least, it now plays as a historical/political thriller. The mystery is not whether the presi­dent will fall but how two reporters and one cantankerous editor helped precipitate it, starting with the simple assignment to report on arrests after a break-in at the Watergate office building’s Democratic National Committee offices.

Missing from the film, of course, is a historical perspective tying the Nixon administration’s criminal activities to a greater political motive—something that four decades now permits. In recent years Woodward and Bernstein have offered an analysis positing the president’s “five wars of Watergate.” starting with attempts to stem the anti–Vietnam War move­ment, the White House strategy expanded to interfering with perceived enemies in the news media and in the Democratic party, to undermin­ing the legal system by paying hush money to witnesses, and lying to investigators. The final “war” was against history, in the reporters’ view, and included the portrayal of spying, burglaries, and dirty tricks against administration targets as “capers” rather than episodes in a coordinated mission to subvert governmental processes.2
In one oft-quoted snippet from the White House tape recordings even­tually released during the Watergate investigation, Nixon in July 1971—a year before the Watergate break-in—is heard telling chief of staff H. R. “Bob” Haldeman and secretary of state Henry Kissinger: “We’re up against an enemy, a conspiracy. They’re using any means. We are going to use any means. Is that clear?”

(more…)

Wednesday, January 13th, 2016

Ponzi’s Scam Exposed! — An Excerpt from Pulitzer’s Gold

The exposure financial improprieties has been a staple of prize-winning investigative journalism for decades. One of the more famous cases is, of course, Charles Ponzi, whose shady dealings were uncovered by the Boston Post. In the following excerpt from Pulitzer’s Gold: A Century of Public Service Journalism, Roy J. Harris shows how Edwin Grozier and other Boston Post reporters helped take down the once popular Ponzi:

Tuesday, January 12th, 2016

An Interview with Roy J. Harris, author of “Pulitzer’s Gold”

Pulitzer's Gold, Roy Harris

The following is an interview with Roy J. Harris, author of Pulitzer’s Gold: A Century of Public Service Journalism

Question: 2016 is the 100th anniversary of the Pulitzer Prize. In looking over the winners for public service journalism, what struck you most about what has changed in journalism during this period and what has stayed the same?

Roy J. Harris: What’s very clear is how the quality of the Pulitzer winners—the depth of the reporting and the powerful change they brought about—increased sharply after the first few years the prizes began to be awarded. That suggests that the very creation of a system for honoring top-notch journalism encouraged more great reporting to be done around the country. But also, the variety of the top journalism projects—a diversity greater in public service than any other category—began to expand during that century: another major change. What’s stayed the same is that the predominant characteristic of the winning reporting has been tenacity on the part of the journalists to tell a story that others don’t want told.

Q: In recent years, there has been a lot of talk about how changes in the news industry are threatening the kind of journalism that the public service journalism prize highlights. What is your sense of the future for investigative journalism of this kind?

RJH: First the positive view: A surprising number of young journalists continue to enter the profession; they’re learning quickly, and doing great work. They also seem to value the tradition of great reporting, as I learn from the students I speak with regularly. While the digital world makes it harder to determine real news from the chaff, budding reporters also find that the Internet greatly broadens their access to valuable, verifiable resources. On the negative side, the news infrastructure to support reporters financially is seriously failing. New structures—like those created by new online sites and by privately supported programs like ProPublica and California Watch—aren’t coming online quickly enough to make up for the deterioration of traditional newspapers. New sources of financial support must be found for public service journalism, which is often the most expensive kind, if these young reporters are to be kept on the job.

Q: Much like the justly celebrated new movie, Spotlight, your book tells the story behind the story—about how journalists do their jobs. What is the value for general readers of understanding the ways in which journalists and the news industry work?

RJH: Before Spotlight, I argued that the behind-the-story approach of the Watergate movie All the President’s Men was a great model. Both that great movie and Spotlight are realistic, and take an inspirational look at what the media can do for our citizenry. And both concentrate on projects that won the Public Service Pulitzer—the subject of my book. I found in my research that less-well-known winners offer the same kind of excitement, though perhaps on a local level rather than a national or global level. That applies to non-journalists as much as to journalists, although the result of the journalism may be more local or regional than the ousting of a U.S. president or the exposure of a global Church scandal. From researching the stories in Pulitzer’s Gold I also found that to trace these Pulitzer winners through the years is to expose readers to the twists and turns of American history over the decades. What happened historically is important as is the role of the First Amendment, which keeps our system strong, and our citizenry informed.

(more…)