After some initial mystery leading up to publication, Michael Lewis’s new book Flash Boys is here and its subject is high-speed trading (sometimes called “high-frequency trading) that uses supercomputers and complex trading algorithms to attempt to generate profits through brute force. Lewis has become the most popular writer on Wall Street, giving readers a look behind closed doors. The Times has an excerpt of Flash Boys, while Bloomberg has more detail.
Michael Lewis’s Flash Boys Arrives
The Real World
Recommended Reading: Tyler Stoddard Smith's satirical essay on the new literary movement "The Real Newism" at Hobart. "Did Virgil go to hell? No. Did Virginia Woolf go to Disney World? No, and it turns out that Orlando isn’t a place, but a dude. And did Truman Capote ever have breakfast at Tiffany’s? Yes, but the eggs Benedict was cold and the bloody marys were 'bullshit.'"
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Seeking an End to eBook DRM
Joe Wikert explains why the book industry needs to learn from the music industry, drop DRM, and adopt a unified ebook format.
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Tuesday New Release Day
Out this week: Per Petterson's latest to hit American shores is I Curse the River of Time. Also newly released is Mona Simpson's My Hollywood. Mary Roach has another work of quirky non-fiction out, Packing for Mars: The Curious Science of Life in the Void. Young readers can now get their hands on the seventh book in the Artemis Fowl series, The Atlantis Complex. And grammar mavens have a new edition of the Chicago Manual of Style to add to their reference shelf.
Hard to Define
"Every single book or painting or piece of music exists and we take from it what we need and love and shape it into another narrative that goes out into the world or stays within us, so it’s this great thing of one narrative piling onto the next. It’s hard to define." Miriam Toews talks with The Rumpus about her novel All My Puny Sorrows and the distinctions, or lack thereof, between autobiography and fiction.
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Literary Bald Britney Spears
Following Sarah Hepola's devastating New York Times Magazine profile of Cat Marnell with empathy and queer theory, Jane Hu's piece on what it means to read Marnell, to follow her and crave her work even as her work destroys her, merits reading and rereading.
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Literature Isn’t Publishing
“In re-organizing the priorities of book publishing—by inventing new models rather than trying to repeat past success, by valuing ingenuity over magnitude, by thinking of sales as a way to make great books possible rather than the point—indie presses aren’t just becoming the places where the best books are published; they’re already there.” Over at The Atlantic, Nathan Scott McNamara writes on why American publishing needs indie presses. For more of his writing, check out his essay on Denis Johnson for The Millions.
The Art of Writing
At The Morning News, Ben Shattuck explores the similarities between paintings and fiction writing. He explains that pictures convey emotion the way stories convey plot, through composition. Pair with this Millions essay on learning about a book from paintings.
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From “The Lost Memoirs of Senator Kefuaver F. Tutwiller, IV (1823-1913):
“In 1850’s, Flash Trading on my Aroostook Potato Exchange actually included a Most Swiftish Horse named Flash…. Riding Flash at incredible Speed, I sniffed out new stores of Potatoes faster than you could say “Jiminy!!” Alas, Just as with Icarus, My Heady Ride soon came to a Most Ignominious End.” (Below)
https://twitter.com/MamurphyMaureen/status/451119924815998978
Moe Murph (Faithful Biographer to Sen. Kefuaver F. Tutwiller, IV)
@maMurphyMaureen (Twitter)