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A daily record of what I'm thinking about what I'm reading

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Thursday, June 21, 2018

A story that echoes Tom Wolfe, 2 generations later

The Luck of Kokurra (a reference to a city in Japan that escaped nuclear bombing because of cloud cover), Gary Shteyngart's fiction piece - I'm going out on a limb here and predicting it's part of his forthcoming novel, Lake Success - calls to mind Tom Wolfe a generation or maybe two generations back, writing about the moneyed culture of New York in his well-researched and completely absorbing novel Bonfire of the Vanities. In GS's case he's writing not about bond traders - a long surpassed niche - but about hedge-funding managers and founders and elite day traders. And you know what? This already feels like yesterday's news. He centers this piece, and perhaps his entire novel?, on a 30-something guy who set up his own fund, now falling apart and under investigation, who takes off with a thousand or so in cash for what he calls a Greyhound Bus tour of the U.S., leaving behind his Asian-American wife (this is an odd thematic element that has occurred now in 2 consecutive NYer stories; what gives?) and their autistic son; we learn nothing significant about them in this piece. This piece is set in Atlanta, where the hedge-fund guy crashes at the condo of a former colleague who, at the end, refuses the guy's plea for a "loan" of $2k. (Is the Atlanta setting another Wolfe homage, echoing his 2nd novel, A Man in Full?). Obviously GS is an established literary light, and he's done a great deal of research for this piece (as did Wolfe for his), but from the evidence here the protag is in no way a sympathetic character and the action of this selection, such as it is, is one of debauchery and waste. The two men are - or have been - ridiculously wealthy all because of shrewd trading, not because of any investment that can actually help people other than themselves or improve the world in any way. GS does not wear his research lightly, either, as he bedevils us w/ talk of longs and shorts and something called A.M.U. (like an ERA for hedge-fund managers?), and in particular with lots of arcana about various status symbols: the car to drive, the right watch to wear (GS apparently has a thing about watches), all of which makes me feel that I don't want to know any more about these shallow, self-centered, privileged characters. I might have felt otherwise had this fiction piece actually reached a conclusion, but I'm guessing it's just one stop on a long odyssey. Not likely to join him.

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