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The Fear Index [Deckle Edge] [Hardcover]

Robert Harris (Author)
3.3 out of 5 stars  See all reviews (66 customer reviews)

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Book Description

January 31, 2012
At the nexus of high finance and sophisticated computer programming, a terrifying future may be unfolding even now.
 
Dr. Alex Hoffmann’s name is carefully guarded from the general public, but within the secretive inner circles of the ultrarich he is a legend. He has developed a revolutionary form of artificial intelligence that predicts movements in the financial markets with uncanny accuracy. His hedge fund, based in Geneva, makes billions. But one morning before dawn, a sinister intruder breaches the elaborate security of his lakeside mansion, and so begins a waking nightmare of paranoia and violence as Hoffmann attempts, with increasing desperation, to discover who is trying to destroy him.
 
Fiendishly smart and suspenseful, The Fear Index gives us a searing glimpse into an all-too-recognizable world of greed and panic. It is a novel that forces us to confront the question of what it means to be human—and it is Robert Harris’s most spellbinding and audacious novel to date.

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Editorial Reviews

Amazon.com Review

Christopher Reich Reviews The Fear Index

Is there a genre of fiction that Robert Harris has not mastered? His first novel, Fatherland, set in a triumphant Germany’s post-World War II Berlin (yes, triumphant!) ranks as one of the finest “what if?” stories ever written. Pompeii sends us farther back in time, to the slopes of Mt. Vesuvius only days before the volcano was set to erupt. Ancient Rome at its pulpiest. Who knew aqueducts could be so sexy? The Ghost Writer (winner of the 2008 International Thriller Writers award for Best Novel) claims the shadowy world of contemporary North Atlantic politics as its subject. Classy Brit espionage best enjoyed with a gin and tonic in hand. All were international bestsellers. All were page-turners non-pareil. But best, all were frighteningly intelligent. Thrillers that made you think as you maddeningly bit your nails.

With The Fear Index, Mr. Harris has turned his gimlet eye on the secret world of billion dollar hedge funds, namely those that seek to earn profits by computer driven program trading. The result is a wholly unique entertainment: a strange, compelling, and utterly propulsive novel. I’m not sure who would enjoy it more: George Soros, Arthur C. Clarke or Edgar Allen Poe.

The story takes place over a tumultuous twenty-four hour period in the life of Dr. Alexander Hoffmann, computer scientist, mathematical genius, and, of late, hedge fund billionaire. It begins (as a fine thriller should) on a dark and stormy night when Hoffmann is awoken by an intruder inside his sixty million dollar villa on the shores of Lake Geneva. A confrontation occurs, Hoffmann is injured, and in his attempt to solve just how someone was able to gain entry into his well-guarded palace, Hoffmann comes face to face with the greatest danger he can imagine: himself. Or perhaps it’s more accurate to say: his intellect. To reveal more would ruin the adventure...and adventure it is.

There is, however, a backstory. Hoffmann was not always a stock trader. He began his career as a computer scientist at CERN (European Organization for Nuclear Research) where his work in artificial intelligence involved modeling sophisticated algorithms that programmed computers to teach themselves. It is this mastery of algorithms, and how they train computers to mimic human behavior, that he has turned to such profitable use at Hoffmann Investment Technologies. And it is this mastery that will come to haunt him.

What Harris does so admirably--in my mind, better than any other writing today--is intertwine nifty, page turning plots with important historical, political, or in this case, sociological questions. The late Michael Crichton did this kind of story well. In The Fear Index, Robert Harris does it fantastically.

Review

“Chilling . . . Harris has shown himself a master of the thriller form . . . The principal narrative unfolds at a breakneck pace . . . Readers may find themselves lying awake at night unsettled by the story.” Wall Street Journal
 
“In this taut thriller, Harris delivers a superbly entertaining read for our time.” Newsweek

“Addictive . . . Pick this up on an airplane, and you won't want to land . . . The greatest pleasure is that it gets the finance right.” Reuters
 
“Harris is a master of pacing—the story moves swiftly while never feeling rushed, and the tension increases subtly chapter by chapter.”Bloomberg News
 
“Timely, expertly executed . . . Foreboding runs through the system of the book like an IV drip . . . It doesn’t take a super-computer to know The Fear Index is a worthwhile investment of your time.” USA Today
 
“Fleet-footed . . . Harris expertly conjures a paranoid world where everyone seems to be watching everyone else.” New York Times

“Harris has fashioned in The Fear Index a thriller that’s part Kafka, part Orwell, part Darwin—with just about all parts exciting and pertinent . . . The tale [comes] to a stunning and disturbing finish.”
San Francisco Chronicle

“Unputdownable . . . Harris has achieved the impossible, or at least the improbable: an explanation of the extravagantly esoteric nature of hedge funds, which normal people can understand . . . I gorged myself, devouring his dystopian vision of free markets enslaved by a sinister artificial intelligence in one breakneck sitting.” The Daily Telegraph
 
“Reminiscent of everyone from Michael Crichton to Ian Fleming, Stanley Kubrick and Alfred Hitchcock.” Financial Times
 
“A virtuoso specimen . . . Inventively exploiting current anxieties about algorithmic trading to update the Frankenstein story, The Fear Index is both cutting edge and keenly conscious of its literary predecessors . . . A tour de force.” The Sunday Times
 
“A blazingly ambitious novel . . . A fictional nightmare that feels like a wake-up call.” The Sunday Telegraph
 
“An escapist thriller to rank with the best of them, and as a guide to what hedge funds actually do, it is surprisingly clear and instructive.” The Economist
 
“Ingenious . . . There aren’t many writers who can produce genuine page-turners these days but Harris is one and The Fear Index had me gripped from the start . . . The characters are superb . . . Harris is stunningly good at explaining complex financial instruments in layman’s terms.”
Sunday Express
 
“Harris’s great skill is to inhabit fully and convincingly the worlds he writes about, showing off his vast research yet never allowing the white-knuckle narrative to lose momentum.” New Statesman
 
“As gripping a tale as anything Harris has written . . . It crackles with energy and invention, and the author’s obviously extensive research into the arcane world of state-of-the-art computing technology, algorithms, trading and hedge funds is dished up lightly and intelligibly.” Irish Independent
 
“Another winner . . . What makes Harris’s thrillers so much more rewarding than those of his rivals is that they all, whatever their ostensible subject, come out of his deep and expert interest in power.” —The Evening Standard
 
“Harris is a master of pace and entertainment.” The Observer (UK)

Product Details

  • Hardcover: 304 pages
  • Publisher: Knopf (January 31, 2012)
  • Language: English
  • ISBN-10: 0307957934
  • ISBN-13: 978-0307957931
  • Product Dimensions: 6.6 x 1.2 x 9.6 inches
  • Shipping Weight: 1.3 pounds (View shipping rates and policies)
  • Average Customer Review: 3.3 out of 5 stars  See all reviews (66 customer reviews)
  • Amazon Best Sellers Rank: #516 in Books (See Top 100 in Books)

More About the Author

Robert Harris is the author of Pompeii, Enigma, and Fatherland. He has been a television correspondent with the BBC and a newspaper columnist for the London Sunday Times and The Daily Telegraph. His novels have sold more than ten million copies and been translated into thirty languages. He lives in Berkshire, England, with his wife and four children.

 

Customer Reviews

66 Reviews
5 star:
 (12)
4 star:
 (20)
3 star:
 (18)
2 star:
 (8)
1 star:
 (8)
 
 
 
 
 
Average Customer Review
3.3 out of 5 stars (66 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

52 of 60 people found the following review helpful:
2.0 out of 5 stars Not what I was hoping for, January 24, 2012
This review is from: The Fear Index (Paperback)
I am a big, big fan of Robert Harris. I found his book Enigma when my interest in the code breaking of Bletchley Park in WW2 was at its peak; that mix of fact and fiction blew me away and it remains his best book in my mind. On a par with it there is Fatherland, the alternative history classic, and almost level, Pompeii. Archangel is also not to be missed.

So, when I started The Fear Index, I was positively titillated with anticipation - a new Harris is always good news.

Within 50 pages, my enthusiasm was dampened somewhat, and after 150 pages, I was downright disappointed. This tale of a brilliant physicist who leaves CERN to write the best algorithmic investment system ever seen was just not what I have always liked best in Harris.

In my mind, Harris shines when he tells the tale of the single man, cast in a role by chance and personal talent, conquering insurmountable odds. Tom Jericho in Enigma, Xavier March in Fatherland, and Fluke Kelso in Archangel have all been set in a situation where only their personal integrity and hard work will win the day.

Not so in The Fear Index. Harris writes well as always, but the picture he draws of Alex Hoffmann has none of the usual charm of a Harris hero. Hoffmann is arrogant, talented, and definitely the man for the job, but his almost autistic lack of interaction doesn't endear him to the reader. Alex's relationship with his artist wife Gabrielle is superficial and uninteresting, even if the culmination point of that relationship in the art gallery raises eyebrows in the best tradition of Harris' books.

Another thing that worried me much was that Harris ventures into Clancyist methods of adding technobabble to add excitement. I was especially disappointed with the small things that he's always done really well: risking that I will be called a muppet by some people, I'll say that CPUs do not hum - transformers do, and there are no files in a computer's registry. Such small items become more and more evident towards the end of the book.

And the crucial element of any book of this type, namely suspension of disbelief, just didn't go far enough. I will not disclose the plot, but at 2/3 of the book it fell flat for me and I read the rest merely to see what happens, not on the edge of the seat enjoying every moment of it.

I will repeat that he writes just as well as ever (with a few somewhat tired similes, a first for me in his books), and to some people, especially in the world of finance, this may be more interesting than to the average lay person, but my expectations were not met, and I will remain in wait for his next book to see if he goes back to creating a truly interesting character in a complex and dangerous situation.
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19 of 20 people found the following review helpful:
5.0 out of 5 stars An Exciting, Well-Written Techno-thriller!, February 7, 2012
This review is from: The Fear Index (Hardcover)
I thought this was an very well-written page turner with a believable plot. It focuses on a hedge fund manager that uses an artificial intelligence application to gain an insurmountable competitive edge in the market, but then things quickly get out of control.

Robert Harris has some genuine expertise in this area because of his previous book "Enigma", which gave a very realistic account of how the British broke the Nazi code in World War II. That book included an accurate historical account on Alan Turing's work, and he was really the father of modern computer science and developer of the "turing test" for artificial intelligence.

Harris's familiarity with the subject matter comes through in this book. One of the biggest complaints that I usually have about books like this is that the dialog is corny or contrived, or the plot is unrealistic. That happens when authors don't really understand their subject matter or what people who work in a technical field are really like. Harris offers up realistic dialog and narrative that seems natural and believable, even if the characters are not necessarily deeply developed.

Overall, this is a fun and informative read. It's a good way to get some familiarity with artificial intelligence and the issues it will bring. Keep in mind that AI is NOT fiction ... this is really happening and is going to have a BIG impact in lots of areas of our lives, not just Wall Street but also jobs and employment.

If you're interested in this subject, a great (and very readable) NON-FICTION book is The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future, which talks about how artificial intelligence, robotics, etc is going to affect the real world job market and economy within the next 10 years or so.
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19 of 23 people found the following review helpful:
2.0 out of 5 stars What?!? (BEWARE: spoilers ahead), January 16, 2012
By 
S. Goodwin (United States) - See all my reviews
(REAL NAME)   
This review is from: The Fear Index (Hardcover)
Customer review from the Amazon Vine™ Program (What's this?)
There are spoilers in this review.

This is the third Harris book I've read. Fatherland and Archangel were really fun reads that had fresh and interesting story lines. I can't say the same for this one.

This book took longer than usual to read. Not because it is difficult or long, but because I'd keep putting it down and swearing not to pick it up again. But I did, and persevered until the end. I can sum up my disappointment in this book as happening in three phases.

Phase one: The first section of the book was irritating in the extreme. The author spends most of his time describing the obscenely rich house of the protagonist. For example, he doesn't just look at the clock to check the time, instead he glances at the Louis Quinze clock on the mantlepiece. And this after a near death experience. Yeah, so I get it- he's a billionaire. And over and over and over again. He's a billionaire. And he's hot. And the most brilliant man alive. And he's developing the ultimate self-developing (evolving) algorithm. And his wife is hot. And she makes hot art. But she's sad, too, because she can't have children (I guess this "factoid" was supposed to be enough to give the characters and their marriage depth).

Yawn.

Phase two: So, I left the book on the nightstand for two weeks and read other stuff. In a moment of weakness I took it and started reading again. As the perspective changed-- to the investigator-- the book was much less insufferable, and I realized the author was trying to make some point about wealth (heavy handed and uninteresting in my view). The book then began to move along quite nicely, with a bit of a mystery and quick pacing. Although the obtuseness of the main character did get on my nerves every so often I was fine with that as long as the action progressed. I started to guess who was tormenting the lead character with mystery books, hired killers/perverts, secret cameras/ et cetera not because I'm so damn smart, but because there was only development of the story in one direction. The protagonist had no enemies simply because he was so lackluster (in spite of being a hot, brilliant, billionaire). The only one interested in tormenting him HAD to be his brilliant evolving hedge fund algorithm.

Which leads to Phase Three: (more spoilers)

The super intelligent and free-ranging computer program. Yep, the algorithm evolved, alright. It took over his bank accounts, sent him rare books, built a super computer in a warehouse across town, spied on him through cameras it had installed all over his office and house. Yet... it still wasn't smart enough (evolved enough) to see him coming at his monster CPU with 5 cans of gas and a blow torch.

I just feel dumb even summarizing this plot line. It wasn't unique, and it wasn't even done amusingly. There are similar "evil awarenesses" who invade the internet and gather intelligence in (highly improbable) ways in episodes of both Buffy the Vampire Slayer and The X-Files. And those were done over a decade ago and much more convincingly.

Don't waste your time on this book.
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