As you may have heard, the numbers have been crunched and to some people’s surprise, Andrew Sorkin’s book, Too Big To Fail, bests Charlie Gasparino’s When Mooks Fail for the number of times the word ‘fuck’ is mentioned, overall and per page. Sorkin’s got 20 (.03/page) and CG has 10 (.02/page). To some, this was shocking, given what they think they know of Chaz, though not to those of us who know that a) Gaspo runs a “classy operation” and b) that the auteur was nervous the Pulitzer committee would be skittish about awarding a prize to someone with a filthy mouth.
Actually, that’s not entirely true: CG’s first choice of venue to have a roundtable discussion of the definitive take on the crisis, When Mooks Fail: The Goddamn Beatin’ That Bear Stearns Took, is his local Gold’s Gym (the last stop on the tour, late December). But this is at least preferable to doing it in that place with all the books. Will he step into the ring and regale the crowd with a quick demo from a guy who, little known fact, was a Golden Gloves hopeful? I think you know the answer to that. If you, too, would like to wow clients with a celebrity appearance at your annual investor dinner, get in touch.
From: Strategas Research Partners
Subject: Strategas – Boxing Night 2009 at the NYAC
It’s time for the 3rd Annual Strategas Boxing Night at the New York Athletic Club. As a way to socially say ‘thank you’ for the support we’ve received all year, Jason Trennert and I want to invite you to join us for a great night of steaks and boxing. This year the event will take place on Monday, November 23rd at the New York Athletic Club with dinner & drinks to start at 5:30PM / intercollegiate bouts starting at 7:30PM. Charlie Gasparino will also be on hand to discuss his new book, “The Sellout.”
Please let me know if you’d like to attend.
As previously mentioned, it seems Charlie Gasparino has some (cheapskate) fans in New Canaan, who lined up to get their hands on his new book, Up In Smoke, the second it was available at their local library. Now our attention has been directed to the fact that he’s got some rabid followers in Greenwich: every copy of his tome has been checked out or reserved in the last 24 hours. Now, obviously, we wouldn’t dare suggest that the entire state of Connecticut wasn’t waiting with bated breath to read (but not pay for) the definitive book on the crisis. But does this not seem a bit suspect? Clearly if a certain hedge fund manager wanted to keep this from his people, he’d simply have his air force bomb the libraries. But I’m not yet convinced something isn’t up. In related news sure to chap some NYT hide, our New Canaan librarian correspondent informs us of number of copies ordered for the various financial crisis titles:
The Sellout/ Charles Gasparino= 16
House of Cards/ William Cohen = 8
Street Fighters/ Kate Kelly = 1
Colossal Failure / Lawrence McDonald = 2
Too Big To Fail / Sorkin = 2
You probably didn’t know it but the Jabroni Pony isn’t the only one with a new book on the financial crisis coming out today. Wall Street Journal reporter Greg Zuckerman’s got one, too (though his does not include promotion that involves being shot out of a cannon, naked, at the closing bell). While CG’s tome, which chronicles the fuck-ups of many a CEO, serves as a helpful guide on what not to do if you’re looking to avoid blowing up Wall Street, Zuckerman’s book, The Greatest Trade Ever, chronicles the stories of a bunch of guys who actually made money off that can’t lose asset class, subprime. But it wasn’t all rolling around in sticky fifties from the get-go. Daily Intel runs through the book’s subjects, and the adversity they had to overcome, before doing stuff like making $15 billion in one year, and writing a fuck-off letter to the industry, lobbying for the legalizing of weed. Take heart: even if you lack the motor skills to properly shave yourself, you could be the next John Paulson:
At times, [pre-king of the world] Paulson didn’t seem completely put together. When Brad Balter, a young broker, came to visit, Paulson chain-smoked cigarettes and had spots of blood on his shirt collar from a shaving mishap. Paulson’s head of marketing was stretched out in agony on a nearby couch, moaning about his back.
“I didn’t know what to think. It was a little surreal,” Balter recalls.
At times, Paulson became discouraged. His early investment performance was good but uneven, and he continued to have few clients. He was sure of his abilities but questioned whether he could make the fund a success.
One especially glum day, Paulson asked his father, “Am I in the wrong business? Is something wrong with me? “It was hard to be rejected, it was a lonely period,” Paulson recalls.
Also featured: the guy with the glass eye (Michael Burry), the guy who was known for his “unusually thick sideburns” (Greg Lippman), and everyone’s favorite burnout (Andrew Ladhe).
Bad News Bears: The Guys Who Bet Against The Subprime Bubble And Won [Daily Intel]
From the mailbag:
Spotted Andrew Ross Sorkin at a bookstore in Penn Station berating a young clerk for not carrying more copies of his book, “Too Big To Fail.”
He actually said quite loudly: “Dude, you need to carry like a 100 copies of that book. It’s gonna be huge!”
Sorkin has yet get back to us with a comment on the account, and while it doesn’t really seem very in character for the DealBook editor to be making such a spectacle (in public), you can’t deny that he’s right to fight for the guy who just wants to get a gripping account of the shit that went down last year over a few rounds at the Houlihan’s bar, or in the station’s lush new accomodations. One thing you can be sure of is this:
1. Aesthetically, it’s a piece of shit. Also, Salmon wouldn’t use the pages to line his birdcage.
2. Too much Charlie.
3. That the people publicizing it in included materials that might help sell the thing.
4. This wasn’t a Tweet (yet) but just speculation: that it wasn’t written by Sorkin?