Tuesday, January 26, 2010

The Big Burn by Timothy Egan

Now this is a big picture. Don't know how it got that way, but it's fitting for the story being told. In 1910, a fire the size of Connecticut swept through parts of Idaho, Montana, Washington state, and the surrounding area. The newly minted Forest Service had the job of suppressing the fire, since the thoughts of the time were that mankind could control nature to a great degree. The Forest Service did not suppress the fire and yet that failure probably saved the service. The opponents were those U.S. Senators and Congressmen who opposed the service and the concept of national parks to meet the desires of the lumber, mining, and railroad barons of the day.

This is a story similar to Egan's other book about the Dust Bowl. It's as big a topic with the added feature of bigger than life characters like Teddy Roosevelt and the interests who opposed him. The story of the fire itself is gripping and individual accounts very moving. In the end, though, what struck me most was the change in the parks themselves. They are not the pristine wildernesses envisioned by TR and people like John Muir and TR's chief forester, Gifford Pinchot nor are they resources only for the taking of big industry. Lessons learned from the Big Burn (do everything possible to suppress fires) also are no longer the established thinking. All told, the parks today probably are a more balanced approach to both saving and using public lands, but the debate is far from over. This book gives a nice background to the parks founding, their early turbulent years and where they stand today.

The book was a Christmas gift from Amanda and I believe all our readers would enjoy it.

Monday, August 10, 2009

The Elegance of the Hedgehog by Muriel Barbery

This is another Jackie recommendation. It is a story of the inhabitants of an upscale Paris apartment complex, with the focus being the concierge and one of the families that includes a younger daughter who does not fit in with the rest of her family. The concierge and the little girl have inner lives unapparent to the disinterested rest of the complex inhabitants. A new apartment occupant changes the dynamics of the complex and brings out the inner lives of the concierge and the girl.

This is simple story telling in the vein of "To Kill A Mockingbird" but with a broader consideration of art and the meaning of life done without pretension. The concierge contemplates the point of art and philosophy as well and as concisely as anything I've encountered while making it a part of the story rather than the point of the story. I should have had a hi lighter in hand to mark those portions bearing repeating but it would have taken away from just reading a truly lovely story that I did not want to end.

Friday, July 17, 2009

Horse Soldiers by Doug Stanton

Jackie and I both read this and liked it. It's the story of a small band of Special Forces soldiers who entered Afghanistan shortly after 9/11 and worked with local, often competing, warlord factions to overthrow the Taliban and Al Qaeda in Afghanistan. You get to know the men and their training prior to deployment and then follow them as they move from Uzbekistan to Afghanistan via the worst helicopter ride you'll ever read about to the headquarters of one of the warlords. They lived with, and at the level of, the local fighters, which is to say they were very deprived and operated under extreme circumstances for long periods of time. It was touch-and-go near the end and could easily have resulted in a campaign that lasted years instead of months. We are a fortunate people to have those among us willing to live the life these Special Forces troops have chosen.
For those who've read "The Kite Runner" and "Three Cups of Tea," this is a compliment to those views of life in Afghanistan. I got a stronger sense of just how widespread and evil the Taliban regime was and how complex Afghan society is. I'm not sure if the country can be governed as a republic in the same way as occurs in the U.S., but it sounds like our initial foray into that country started on the right foot and gave us a better chance as being viewed as liberators rather than conquerors.

Friday, July 03, 2009

The Last Lecture by Randy Pausch

Beckie sent this book for Father's Day and mentioned she thought of me while reading it. It was a thoughtful gift. You've probably read about this professor who only had a few months to live and gave a last lecture at his university. He had three small children and wanted to leave snippets of himself for them to access when they were older in addition to the video tapes of him interacting with them. The lecture and book focused on dreams he had as a boy and approaches to life he used to attain those dreams and live that life.

Randy Pausch had a self-described large ego that came through in the book. I found it a little off-putting but in the end also thought he did a good job of weaving his life approaches into the narrative of giving the lecture and approaching the end of life. I also understand why Beckie thought of me because so many of the things he described as approaches to life have come out of my mouth and into the ears of Beckie and Amanda. Maybe the ego was there, too, which is a little disconcerting. He had more specific dreams for the future as a boy than most people I know and did a good job of attaining those dreams.

As a whole, you could do worse than following his advise for living a life. It's a quick and clear read that's worthwhile for all our blogger community. It also brings up the question of how you'd spend your last few months if you knew that was the limit. He made interesting choices with that question.

Sunday, May 10, 2009

The Nine by Jeffrey Toobin

As with many of the books here, Jackie read it first and suggested I'd like it. She's right. It concerns the history of the Rehnquist court, the longest running time in U.S. history when the same 9 judges sat on the court. He continues the book after Rehnquist's death until just before the '08 election.

Toobin is a clear writer who handles this topic with judgement and as little bias as can be had considering some of the court's actions sometime call for expressions of outrage or confusion. It documents the steady drift to the right of that court and the self-leveling dynamics from within the court that allowed some justices who could have been considered right of center to move to the center for the sake of common sense. In the end, the steady focus of the extreme right that has taken over the Republican Party finally broke through with today's court being the result.

Perhaps the most interesting part of the book is the conclusion that there is no such thing as a judge who is not an activist. To have the hard core Constitutionalists judges like Thomas and Scalia vote for the Bush administration and against a specific portion of the original Constitution violating the Writ of Habeus Corpus and the skewing of power toward the executive branch just shows that politics speaks louder than the Constitution when it serves a judge's interests. This is a very good book but made me angry all over again reliving the 2000-08 time frame.

Monday, April 13, 2009

A Wild Sheep Chase by Haruki Murakami

Becky blogged on two books by Murakami and I tried finding them at the library and local book store, to no avail. However, there were a number of others available and I tried this one. From reading Becky's blogs, this book, and the synopsis of other books, Murakami has a consistent style. I liked it but it may not be for everyone.

The story involves a late twenty-something man who's drifting through life and gets drawn into a mystery involving a sheep with mystical powers. There is a web of intrigue surrounding the sheep as well as time shifts along the way to add a back story to the main event. The fact that the author treats the idea of a sheep with powers in a serious manner gives you a sense of his underlying dry humor. Occasionally, there's almost a science fiction feel to some of the story. Some of the dialogue sounds like those you'd have in college late at night discussing stuff that might be alcohol-fueled and would be tedious if it weren't so much fun at the time. Now that the story has ended, I'm thinking of it a little to try filling in the blanks but I think the destination is not as important as the journey.

Amanda might like him, so try either this book or the Wind Up Bird Chronicles. I'll ask Becky to bring her copy of WUBC when she's here later in the year. I'd like to read more of Murakami but need some different authors in between.

Saturday, March 28, 2009

Gilead and Home by Marilynne Robinson

I'm reviewing these two books together because they are so interconnected. I actually read Gilead in 2004, the year it won the Pulitzer Prize, and reread it just a few weeks ago before I started Home. Robinson's prose is a joy to read...it is consistently beautiful, graceful and spiritual. The word elegiac, I think, best describes its tone. So, if you're in the mood for something light and cheerful, these are not the books for you right now. However, if you are in a more pensive state of mind, I think you will be swept away.

Briefly, Gilead reads almost like a sermon on living life to the fullest. The narrative flows in the form of a long letter written by the aged and dying Reverend John Ames to his young son. Since he knows he won't live to see his son grow up he wants to leave the boy with an accurate accounting of his forebears and himself. As the son and grandson of preachers he describes how his grandfather went west to Kansas to fight abolition and "preached men into the Civil War". Rev. Ames also relates his own vision of life as a "wondrously strange creation". Woven throughout his narration is also a story about the deep, complicated and often strained bonds that exist between fathers and sons.

Ames spends a good deal of time discussing his long time friend, next-door neighbor and fellow preacher, Reverend Robert Boughton. Boughton's wayward son, Jack (he was named after Rev. John Ames) returns to Gilead in an attempt to make peace with his own dying father. Jack has always been Boughton's favorite child despite his long history of thievery, meaness, drunkeness and irresponsiblity. Ames also knew Jack as a child and has never liked or trusted him. And it is clear from Ames' musings that he is anxious and fearful of what Jack's intentions might be toward his (Ames') young wife and son after he is gone from this world. The sequel, Home, provides a tender counterpoint to this notion......

The story of Home is also set in Gilead (Iowa) and runs concurrently but in Reverend Boughton's household. As I mentioned earlier, Jack, Boughton's favorite son, returns home after a 20 year absence, hoping to make peace with his father but discovers that the old man is dying. The family's youngest child, Glory had recently returned to the family home to take care of her father in his final days. Since Jack had been run out of town in disgrace while Glory was still a child, the two are now almost like strangers to each other. But as the days and weeks unfold and their father's condition continues to decline, Jack and Glory begin to forge an intense bond with each other as they slowly and painfully reveal and begin coming to terms with some of the past regrets and painful secrets that continue to haunt them. Robinson describes Jack's awkward, yet loving and tender efforts to reconcile the tattered relationship with his father in such a way that, as a reader, I began to believe that he had changed. For Boughton, however, the effort comes too late as his mind gradually slips away.

Home (and Gilead) is "about families, family secrets, and the passing of generations, about love and death and faith...an unforgettable embodiment of the deepest and most universal emotions."(inside front flap) I thought these were compelling stories...and think you will too.

Friday, March 27, 2009

The Curious Incident Of The Dog In The Night-time by Mark Haddon

Amanda posted this review a little while back and thought I'd like it. Rather than just add a comment to her review and say "I liked it a lot" I thought I'd add this post to highlight the book.

I liked it a lot.

Everything Amanda wrote is true. My add is that it is a sad and funny coming of age story for a young man who is coming of age under very difficult circumstances. His autism is only one of them. Yet through it all he is brave, interesting and a good detective. He also manages his issues well, given how large they are. Sometimes they break your heart. It's probably a mark of the quality of the story and the writing that, once I picked it up, it was done in about a day and a half. I think everyone will like this one... a lot.

Tuesday, March 24, 2009

Amanda's Crafty Books

Dad is right....I've been in some sort of crafty manic phase for a while. But you said you wanted to know what I'm reading, so here goes. I recently checked out Material Obsession by Kathy Doughty and Sarah Fielke. The subtitle is: Modern Quilts with Traditional Roots. I know, right? Who is this person and where did Amanda go? But it is beautiful! I've never quilted, but I think it's the next craft to get added to my list. The "Avalon" and "Retro Starburst" patterns look like projects I might actually be able to accomplish. And ALL of the more advanced quilts are so inspiring that they make you want to learn the craft so you could one day make something so beautiful. Mom, I think you might like this one. I'm actually surprised you haven't quilted before (or have you? she asks, in a mysterious tone, trying to uncover some deep dark quilting secret....)

I can't go any further without mentioning "The Creative Family: How to Encourage Imagination and Nurture Family Connections" by Amanda Blake Soule. This woman has become such an inspiration to me in the last few months. I can't remember how I discovered this book, but after being so impressed with her book I quickly began following her blog http://www.soulemama.com/. I have tried a few of the projects in her book such as the birthday banner, embroidering with kids, and letterboxing. In the next couple weeks I plan to do some freezer-paper transfers of some art by one of my favorite artists, Nikki McClure (http://www.nikkimcclure.com/) which is another project in the book. Phil and Debbie, you might find inspiration from this one. She really focuses on connecting with your children and exploring nature and creativity. I'm not doing her justice here, but at least check out her blog. If nothing else, you can enjoy her beautiful photography and gentle reminders to stop and appreciate your life "right now."


Okay, I'll only make you sit through one more...I'm guessing none of you will read it because it's a children's book. However, I am blown away by Cynthia Rylant's retelling of "Hansel and Gretel" and Jen Corace's amazing illustrations (http://www.jencorace.com/). Finding well-done retellings (i.e. not Disney-ified or saccharine sweet) of classic children's stories is not easy. There are very few that are accessible for the 3-6 year old age group. Most of the well-written versions are extremely wordy. And I'm sorry, but bedtime book reading is a 20-minute event in our house. Preferably with as little whining as possible. So when I found this version of "Hansel and Gretel" I almost cried. It opens with the lines: "It has been said that guardian spirits watch over and protect small children, and that may be so. But there are also stories of children who find the courage to protect themselves. Such is the story of Hansel and Gretel." Does it get any better than that?

What I Talk About When I Talk About Running by Haruki Murakami

So, none of you will probably be surprised to see that a running book finally made it onto my short list. This was a gift from my friend, Karen, and from the moment I read the title I was hooked. Since I realize I'm quickly alienating at least half of the blog readership here who could really care less about what I or anyone else talks about while running, I should say that you don't have to be a runner to appreciate this book. While all of the stories (written more like diary entries than short stories or one, fluid text) have running at the center (or at least as a supporting character), I read it as more of a life journey that happened to include a lot of intense running (this dude would wipe the floor with me on his worst day). What I loved, though, since I do happen to be a runner, was the common experience of it all. So much of what he felt, thought, talked about on any given day, in any little or big town, was very relate-able. However, when I read reviews about this book on amazon and elsewhere I found that an overwhelming majority of reviews (both professional and amature) thought that this book would only appeal to a small audience of relatively hard-core runners (a category of which I do not consider myself a part, for what it's worth). So, keep that in mind...
I can say that dad immediately popped into my mind, not only because he and I can go off on tangents about running for 10-20 minutes, but because I think he may enjoy (more than others) the writing style.
This seems to be somewhat of a theme for this and the last review I did, but I've read another book by Murakami and blogged about it as well: "The Wind-up Bird Chronicle." I loved that book and still hold firm to my recommendation on that one to you, too, dad....so, do with that what you will.
Either way, I really enjoyed this - it's a quick read, it's about running, and it was an interesting take on a solitary sport (that I try to turn into a group sport at every opportunity!).

Best American Non-Required Reading 2008

I got this book from Amanda for Christmas and loved it. I love collections like this because you can read it out of order, more than once, and skip entire entries if you want. I do have to admit, though, that my favorite part of this entire collection was the interview with Judy Blume. I have a soft spot in my heart for Judy Blume, as Amanda and I both grew up with her books, and she just seems like a really smart, down-to-earth, cool person.
On another interesting note, the editor of this collection is Dave Eggers, who happens to be the author of another book I blogged about in '08 called "A Heartbreaking Work of Staggering Genius." And while I thought the book was good in its own right, "The Best American Nonrequired Reading" was much more enjoyable, so kudos to Mr. Eggers!
The long and short of it is this: the book is part of a series that comes out each year and compiles various fiction, nonfiction, essays, journalism, comics, and humor, and in no particular order. I hope this anthology becomes a tradition (hint hint, Amanda) because I've found myself going back to it over the last few months and re-reading various stories or noticing a story that I skipped previously. So, this is something that I would actually suggest to anyone, because I think it'd be hard for each of you to not find at least a few entries you found inspired or just plain funny. Thanks, Amanda, this is definitely a keeper in my collection!

The Stanger -and - The Plague by Albert Camus

I'm posting this review just to purge my system and get ready to start "the curious incident of the dog in the night-time." Amanda recommended that book and I'm pretty sure I'll like it. I'm starting it today.
Why I decided to read Camus, I have no idea. He's one of those authors you are supposed to read to broaden your thoughts. I'd finished "In Cold Blood", an excellent book about senseless deaths and their aftermath. So what did I do? Read two more books about senseless death and its aftermath. Not a good idea at the tail end of winter. "Stori Telling" (or however it's spelled) is probably more recommended but the local book store didn't have it.
Anyhow, "The Stranger" involves a man who drifts through life, not really caring if he decides for or against any action, and ends up killing someone for no good reason. He's sentenced to death and may or may not be executed at the end of the book. There may or may not be a God, an afterlife, or meaning to any event other than its immediate utility. In "The Plague" the murderer is a disease that kills tens of thousands in the same meaningless environment. It's probably a thought to consider (if you haven't already), but you can just read this paragraph and skip the books to get the idea. Unlike "ICB" the writing was not compelling, even though the characters were reasonably lifelike and sometimes likable.
It was interesting reading a copy of "The Plague" that was Jackie's in nursing school. Turns out her dog ate nine pages just before the end of the book, plus a few paragraphs at the beginning. It didn't mater. I didn't know why the police were suddenly rushing an apartment building and dragging a man into the streets after just finishing the chapter where the plague has run its course and the city is about to be set free to resume its normal life. Had the pages been left in the book, I might not have understood why the man went crazy anyhow.
Any questions? Answer them yourself.

Wednesday, March 04, 2009

In Cold Blood by Truman Capote


Becky wrote about Breakfast At Tiffany's and I mentioned I'd never read "In Cold Blood" so she loaned me her copy. If there are any others in our circle who've not read it, I strongly recommend it.

As you probably know, it's the story of two men who kill a family of four in Kansas and how they subsequently were captured and executed. The "must read" aspect of the story is Capote's descriptive yet sparse writing and his empathy for everyone appearing in the story, including the murderers. It's not a bleeding heart empathy but rather a clear-eyed look at everyone involved and a lack of vindictive slant when it would be easy to do given the awful nature of the crime. The two murderers had different backgrounds and somewhat different psychological drivers leading to the murder but you feel as if you know them, the victims, lawmen, townspeople, and anyone else touched by the crime. It's also why we lock our doors while living in an area where almost nobody else locks theirs.

Wednesday, January 14, 2009

Lincoln - The Biography of a Writer by Fred Kaplan

Not another Lincoln bio. Aren't there like a million of them? Yep, give or take but this is different from any of the others I've read. The author answers the "why another" question with "...there is no modern study of the origin and development of Lincoln's literary sensibility and genius... Lincoln's reading in the textbooks and literary anthologies of his youth, the literature that helped shape his mind and his prose style, is an essential part of the story."

Kaplan does a first rate job of looking at the available literature of Lincoln's youth, his favorite authors (especially poets) of his adulthood and the speeches by others who Lincoln admired and shows the echos of those sources in his famous and not so famous essays. Kaplan calls them essays rather than speeches because Lincoln almost never spoke extemporaneously. He laid out each formal speech in a tight format that made the point while allowing for inserted jokes and stories (mostly "earthy") as the situation dictated. He wrote decent poetry, made two of the best speeches by any politician ever and could well be called the political Mark Twain. Kaplan also focuses on areas skipped over by everyone else I've read, including his unhappy (and coerced?) marriage, his treatment of the Indians, and his alienation from his father. Lincoln's use of language and his personal philosophy of how honest language is a critical factor in presidential leadership brings into sharp focus why the presidential utterances of the last eight years have been such an unsatisfying experience and what contributed in great part to his (GWB) impotence as a leader. For anyone who is interested in Lincoln, this is a must read.

Tuesday, January 06, 2009

The Thirteenth Tale by Diane Setterfield

This book was a Christmas gift from Amanda and it's a winner. If you love a good ghost story, you must add this one to your reading list. Written in the style of a gothic romantic mystery, it's a real page turner! The plot is well paced, original and intriguing; the characters well-developed, convincing and so mysterious. I was hooked from the first page and was sorry to see it end.


In brief, this is a tale about an old estate, a very strange family, sexual obsession, twins, murder, ghosts and madness (all the elements that make for a really great story!). The Thirteenth tale begins to unfold when the reknown author, Vida Winter, contacts Margaret, a young author and antiquarian bookseller in London, and asks her to write a biography of her (Vida's) long and secretive life. Since Miss Winter had already told her"story" to 19 other writers, in 19 completely different versions, Margaret was wary of the task ahead of her.


As Vida begins to share her "stories" will feel yourslef getting sucked into her mysterious web of intrigue. The storytelling is masterful, suspenseful and surprising. And just when you think you've figured it all out, wait...there's more to come. I don't want to give anything away, but trust me, you will not be disappointed!

Wednesday, December 31, 2008

Kabul Beauty School by Deborah Rodriguez

Now that I can again get on and post reviews after an unexpected hiatus (due to log-on problems) I will report on this book that I read much earlier this year. As the title suggests, it is about a beauty school that the author was a significant factor in helping open and run. She is a US citizen, hair stylist by training, with a dismal marriage (lived in Michigan for part of it) who decides to do something bold and different. It is a true story. I was touched by the descriptions of the lives of Afghan women and once again became aware of how different my life as an American woman is from women in many other parts of the world. In learning skills at the beauty school, Afghan women are then able to support their families and themselves, which then opens a whole other door on the consequences of that in a country where women are not valued. Just trying to physically get around Kabul is a challenge, as is trying to do business as a woman who does not speak much of the language in a male-dominated country. I felt dangling at the end and wanted more of a conclusion one way or the other, which did not occur. I gave this book to my hairdresser (who says she never reads any books) who couldn't put it down and is passing it on to her friends.

Marley and Me

I read this book way before any hype about the movie came along. As you all probably know by now, it is a funny, touching book about a newlywed couple who gets a lab puppy who is full of personality, headstrong, loyal, with fears of thunderstorms (not good living in Florida as they do in the beginning). I laughed out loud many times. I cannot imagine having an animal like Marley for my pet, but the bonds with him swing emotions around like he enjoys swinging some pleasurable toy. The author is a professional writer (newspapers) and is an easy read. You learn about his family and their ups and downs (some very deep downs) as they all entwine themselves as a family. This is more like summertime beach reading, but if you want something to make you laugh and touch your heart, this is a good one.

Friday, December 19, 2008

The Reader by Bernhard Schlink

Jackie read this years ago and recommended it. The story involves a German boy of 15 being seduced by an older woman and a quasi reunion years later. There is much more but it would take away from the reading to reveal the remaining plot.

You know I take literary characters to heart and like a story more if I like the main character. In this case both Jackie and I are uncertain of how we feel about either the boy or the woman. They are both flawed. Although the woman's seduction of the boy and also actions she took prior to meeting the boy are worse on the surface than those of the boy, I found myself more sympathetic to the woman. There is a court scene where she asks a judge in her trial what he would have done in her situation. She didn't ask the question as a calculated move; she truly could not see other options that may have been available to her. The boy was cold in his relationships after parting from the woman and perhaps it was due to the affair or is just how he is. Regardless, he had the power to make a number of relationships better and did not.

The book is a sparely written 218 pages that could be finished in one day. If you are thinking of seeing the movie that is just arriving in theaters, read the book first. I can't tell if any of our bloggers will love this, hate this, or be in between. I think I'm in between.

Monday, December 01, 2008

The Wordy Shipmates by Sarah Vowell

I've read two of Vowell's previous books: "Assasination Vacation" and "The Partly Cloudy Patriot" and LOVED them, so I was really looking forward to this one. And it didn't disappoint. This one is a little less funny, though, what with all the Native American slaughter and such.

Relying heavily on John Winthrop's journals and famous sermon "A Model of Christian Charity" as a worldview lens, Vowell takes the reader on an eye-opening tale of the founding of the Massachussetts Bay colony. She interweaves Winthrop's story with those of John Cotton, Anne Hutchinson, and John Williams, among others.

What I found most interesting about this history was the contradiction between our Puritan founders' ideals and those of most modern Americans. In fact, evangelical Christians, who seem to stake a claim as the voice of "our nation's Christian founders", probably diverge from the Puritans ideals most of all (although many might agree with the "eye for an eye" justice meted out in Puritan courts!) Vowell dives to the depths of Puritan theology and how that worldview shaped everything in their lives, encompassing both their charity (sharing with one another) and ruthlessness (burning Indian women and children alive.) It's a complex, brutal, and ultimately, enlightening story about some of the founders of this complex, brutal, and enlightening nation. A must read.

Monday, November 24, 2008

The Black Swan by Nassim Taleb

I'm reviewing this book not because anyone else is likely to read it (it's a statistical discussion) but because I'll be referencing it in phone chats and notes hereafter. The title refers to how everyone can have an understanding of existence and a single observation can completely change that understanding. Every so often , that event also may have large consequences. In this case it was all Europeans being sure swans were only white because those were the only ones they had ever seen. After seeing a single Australian black swan, that theory of many centuries was shown to be wrong.

The book's point is that we view most of our existence in the same way, as if it were a statistical bell curve. If X observations have not indicated our understanding is wrong, then the chances of it being wrong are so remote as to be almost impossible. However, most things in life do not conform to the bell curve and lack of proof of an outlier is not the same as proof of the model we have in our head. Most of life's processes, including economics, history, social sciences and even many scientific areas, do not correspond to a linear formula. The reason an idea or a scientific model becomes dominant is not due to the merits of the idea or model but to luck and social dynamics related to the herd instinct. Other ideas and models can be more accurate or "better" and die off for reasons not related to the idea or model. Even a formula that may work under restricted (and unnatural) constraints will spin out of control in a short time span because of unknown or misunderstood interactions. We see this yearly with government and scientific predictions that fall apart in weeks, months or a few years, yet react strongly to embrace the next prediction with fervor.
So what? Taleb feels we are living in a world of increasing black swans due to the increased complexity of our world. Since his area of expertise is economics (he was a Wall Street options trader, among other things) economics is his main focus. He wrote this book in the last half of 2006, yet one of his points is "...As if we did not have enough problems, banks are now more vulnerable to the Black Swan ...than ever before with "scientists" among their staff taking care of exposures. The giant firm J.P. Morgan put the entire world at risk by introducing in the nineties RiskMetrics, a phony method aiming at managing people's risks, causing the generalized use of (a) fallacy... Likewise, the government-sponsored institution Fanny Mae, when I look at their risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. But not to worry: their large staff of scientists deemed these events "unlikely."'
Wow, did he nail that two years ahead of the event. So what do we do if many of these big events can happen without us being able to predict them and yet those events can substantially change our life?
Don't worry about the stuff you can't control. The fact that any of us lives is a statistical miracle. Enjoy it. Rely on the things you know through practical experience. Be conservative if the downside risk of a chance failure is more than you can live with. Conversely, if you are working in an area where minor variance can occasionally produce huge payouts, expose yourself to those circumstances as much as possible. The richest, or longest living, or healthiest (pick your desired category for existence) person got there by having the luck of being in the right place at the right time with the right gifts (good genes, the right parents, the right culture, etc.) and then the skills to exploit the situation. In the case of investing, Taleb figures we don't really know the odds of most investments working out, so he's ultraconservative with about 85% of his investments (government bonds) and then invests the other 15% in those areas where a single breakout could make him ultra rich e.g. some computer companies in the early '90s, yet if he guesses wrong the chance of all of the 15% of the investments being hugely bad are not very high.
If you do read the book, he's pretty pleased with himself and is not afraid to throw zingers at authority. It's a fun read and if you decide to skip most of the statistical discussion and take his word for it, there are some profound insights worth retaining.