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Overall, the volume stands on the cutting edge in its combination of academically responsible yet generally down-to-earth analyses. There's plenty to make one think, and plenty to equip the aspiring libertarian with intellectual weapons of a badly needed kind. By all means, read it. It won't be a quick read--it's high-density material--but it will repay the effort.
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When it's 3 a.m. and it's too late to call up my best girlfriend and weep into the phone over the latest weasel in my life, I'd rather have Frankel and Tien's warm humor and sincere empathy than the clinical tone -- if not outright back-patting chirpiness -- of a lot of self-help authors dealing with the same topic.
And no, I'm neither with nor hung up on the aforementioned weasel any longer. So the book must've done some good.
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It's a remarkable, horrifying story. Frankel's sexual perversions magnify to the point where his slutty entourage is actually plotting to have baby girls to groom for his pleasures. (Fortunately, that plot seems to have gone astray.)
Pollock tells a complex story that begins with the nerdy Frankel "trying" to trade stocks and bonds out of his parents' home. I say trying, because the one over-riding theme of the book is that while Frankel talks the talk, he can't actually pull the trigger on trades. In a rare actual trade early on, he accidentally makes $20,000 for a client, and his ego takes off. He compares himself to Warren Buffett, and while Frankel may have had a lofty IQ, his delusions and mental limitations keep him from ever really making money in the stock and bond markets.
Instead, he meticiously plots to take over small insurance companies and raids their funds -- deceiving a host of employees and regulators.
As the scam grows, so does his preverted and bizarre lifestyle.
As I told a friend, "You feel like you need a shower after every chapter."
And of course ... I loved it!
I highly recommend this book to those who like financial literature with a kinky twist.
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The author's pleasure in writing this book comes through on every page. It can be a good source for a Bat Mitzvah girl who needs to do a dvar torah and is looking for some non standard ideas that won't be offensive to anyone who doesn't find a Bat Mitzvah itself offensive.
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I found it a most useful collection, with a number of good, well-written (a rarity for philosophers) and thoughtful pieces on patenting and property rights, the relationship between economics and research, political (mis-)direction, and the protection of the weak in areas of genetic-related counselling. I especilly liked the critique of the utilitarian model of patenting.
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