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Much ado about not so much
on July 20, 2007
This book had a very similar tone to the "Breaking Vegas" book, which is not unexpected given that the books were written by the same author-- however, too much stylistic overlap is still too much.
On the good side:
1. The writing was fast, light, and easy to follow. Not needing of too much concentration, and something that can be picked right up and settled into.
2. There was some explanation about the concept of arbitrage.
3. There was interesting insight into the sex-for-sale culture of Japan. This alone could have spun off and made a whole new book.
On the bad side:
1. The explanation of the nuts and bolts of trading was too thin. It might have only taken one extra chapter to give us the details that many of us who bought the book were looking for.
2. I wonder how much the author *really* knew, given that he used the word "farang" to describe foreigners-- even though that word is 100% Thai. Was he throwing in technical terms to make it *look* like he had done his homework? And if he made that mistake, how many others did he make that we might not have recognized?
3. It might also have been interesting to get a better idea of just how much the Japanese government and Yakuza were in bed together. Is this really the case? Or is this poetic license? There were more than a few topics in this book that just weren't covered as much as a reader might have liked-- though I can appreciate that this is done for the sake of brevity. (An extra bit here and an extra bit there, and the next thing you know you have a book that is as overwrought with detail and most of what Ayn Rand has written.)