Category Archives: Non-fiction

“Irrational Exuberance” by Robert J. Shiller

I’ve really been interested in this book for awhile, wondering if it might contain some insight on how to profit from/avoid pain from economic bubbles.  (One bubble of particular interest to me is the ongoing Bitcoin/cryptocurrency bubble.)  While I could tell the book had lots of good stuff and I did take lots of notes, it was kind of a slog to get through for some reason; and didn’t have much actionable intelligence.  Basically, bubbles sometimes “happen for no good reason” (direct quote from the concluding chapter), and then they pop.

Bubble = “a situation in which news of price increases spur investor enthusiasm, which spreads by psychological contagion from person to person, and, in the process, amplifies stories that might justify the price increase and brings in a larger and larger class of investors, who, despite doubts about the real value of the investment, are drawn to it partly through envy of others’ successes and partly through a gambler’s excitement.”

  • Big bubble factor is a public impression that a revolution is underway that will change everything (eg. Internet in late 90s; probably Bitcoin today)
  • In Shiller’s analysis of large stock market bubbles around the world, the reason for large price increases that often get talked about in media don’t usually make logical sense and there is no actionable pattern. Sometimes there is a kind of bubble feedback going on: a bubble/crash exists only because people think that there is a temporary bubble/crash and want to ride/avoid it
  • If we all knew perfectly what our own trading abilities were, there would be no trading: if you were below average, you would never trade because you know you lose most of the time; then the rest would have no one to trade with.
  • Market price is by no means a “vote.” Most investors are just trying to follow the perceived “wisdom of the crowd”
  • Short sale constraints (such as a limited supply and holders unwilling to lend shares) prolong bubbles, because “smart money” is unable sell down the price. Suggests to Policy makers that bubbles can be overcome by freer and more numerous markets. (Converse: less free, fewer markets = bubble breeder?)
  • Higher CAPE can still yield good returns if interest rates low enough
  • Ok, I guess there is something actionable:  sometimes, you need to ignore pleasant fantasies and defend what you already have.
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“Orange is the New Black” by Piper Kerman

Prison doesn’t sound too bad – just kind of a pointless state of limbo for the prisoners.

“Autumn in the Heavenly Kingdom” by Stephen R. Platt


An account of the last few years of the Taiping Rebellion, with a focus on British involvement.  Although sparked by a religious movement, the author characterizes the Taiping as a long-suppressed reaction of the majority Chinese to centuries of (mis)rule by the foreign Manchu invaders, ie. the Qing Dynasty.  The Qing were ripe for overthrow and quite ineffectual by this point; their demise was postponed 50 years or so by two factors; first that the British (eventually) threw in their lot with the Qing against the Taiping on rather flimsy and biased reporting by just a few officials, and second that Zeng Guofan declined to take power for himself when he definitely could have done so.

British policy during this period flip-flopped or otherwise struggled to find a direction.  Technically, they claimed to be neutral in the Chinese civil war … but at one point, they were fighting separately against both parties.  British in Shanghai were defending against a Taiping assault while a British fleet attacked the Qing’s Taku forts and the Summer Palace at Beijing in the climax of what is now called the Second Opium War.  Soon after, the British were persuaded by Frederick Bruce that the Taiping were up to no good and the only hope for stability in China would be to help the Qing stay afloat.

Many others, including historians today, believe the Taiping were on the road to victory and would have done alright, in spite of the somewhat crazy behavior of the founder, Hong Xiuquan.  (Sidenote – not much on Hong Xiuquan’s rise or Taiping doctrine or society in this book; really just about the war.  At one point though it said that Hong Xiuquan was claiming to be the new member of the Trinity, replacing the Holy Spirit…)

A fascinating character when thinking about what the Taiping might have turned into is Hong Rengan, Hong Xiuquan’s cousin.  Long before his cousin’s visions, Hong Rengan was a Christian convert in Hong Kong and worked as an assistant to foreign missionaries.  When the Taiping became ascendant, he was sent to his cousin with high hopes that “true Christianity” would replace the Taiping creole.  At first things seemed to go better than their wildest dreams – Hong Xiuquan heartily welcomed his cousin and offered him the title of “Shield King” and responsibility as the foreign minister for the Taiping government.  Hong Rengan had a grand plan of strong friendship and cooperation with Western powers in a bid jumpstart Chinese industry and technology, much like the reforms of the Meiji Restoration later in Japan.  (Another sidenote – the author points out the Japan profited well by observing China’s problems – first by opening up to the West peacefully whereas the Chinese went kicking and screaming via Opium Wars; second by accelerating technological progress to catch up to the West whereas the Qing stagnated.)  Despite his best efforts, Western perception of the Taiping went downhill and Hong Rengan’s plans were never to be.

Finally we have Zeng Guofan, the scholar-general.  A Qing government official (though not a Manchu) and product of the examination system, he became a local militia leader in Hunan in the fight against the Taiping mainly because no one else at all was left to take the job.  From the accounting in this book, he seemed very methodical in his leadership — he thought deeply about the problems at hand, devised a strategy with much careful deliberation, and then stuck to that strategy no matter what until the goal was achieved.  He became something of a warlord and ignored direct orders from the Emperor when they went against his own strategy — not out of disloyalty, but because he knew that the Emperor didn’t know as much about the “situation on the ground” as he did.  Anyway, at the end of the day, Zeng’s army conquered the Taiping capital of Nanjing, effectively killing the movement.  He very well could have taken his army on to Beijing and toppled the severely weakened Qing, but did not.  Perhaps something of a George Washington character (leaving after two terms instead of becoming King George) or maybe he just didn’t want to take on all the empire’s problems any longer.

Both Zeng, the other Qing, and the Taiping were very brutal in this conflict.  Entire populations of cities, whether the Manchu district if conquered by Taiping, or everyone if conquered by Qing, were murdered upon their capture.  Cannibalism became common in besieged cities and also in the countryside at large, being devasted by a decade of roving armies.  Not a fun time to be alive.

“Reminiscences of a Stock Operator” by Edwin Lefevre

Thoughts on stock trading from “Larry Livingston”, a pseudonym for Jesse Livermore, successful trader around the turn of the century.

  • “Give up trying to catch the last eighth, or the first.  These two are the most expensive eights in the world.”  In other words, don’t buy too early (without a clear upward signal) and don’t sell too late.
  • It’s more important to catch the big, market-wide bull/bear runs than the little fluctuations of an individual stock.  I think of the “buy the dip” approach — this only works if you are in a bull market.
  • Ease into positions.  If you think you want 500 shares, start at 100 shares and see how the market goes.  If it goes up 1%, then by the next 100 and wait again.  Repeat until you have your whole position.  Always have a -1% trailing stop in mind.
  • Price doesn’t really matter – what you want to know is the “line of least resistance.”
    • Maybe in our day and age, he would be a proponent of order book analysis?
  • Traders must reverse the natural inclination of hope and fear.
    • Natural:
      • Hope when your stock is down that it will come back up, so you hold too long
      • Fear when your stock is up that it will go down, so you sell out too soon
    • Must change to:
      • Hope when your stock is up – hope it keeps rising; don’t sell winners too soon
      • Fear when your stock is down – fear it could drop even lower; don’t hang on to losers
  • Tips are worthless — realize you are being manipulated.
  • Towards the end of the book, lots of stories about market manipulation that didn’t seem very applicable to us little fish, except to recognize such things happening amongst the whales.
    • If you get to be a whale, remember that liquidity matters.

“From Yao to Mao: 5000 Years of Chinese History” by Kenneth J. Hammond

Listened to another Great Courses sweeping history series during my commute.  Plenty of interesting stuff, but I admit I got kind of lost between the Han/Song/Ming etc.  I think I just don’t have the necessary framework.  Plus maybe learning some Chinese characters would help with visualizing different people’s names in my mind and actually remembering them.

Anyway, three takeaways:

  • History is always in flux.  China in particular is a series of high points and low points, with frequent takeovers by nomadic invaders like the Jurchen, Mongol, Manchu.  Yet through it all, what remained was still China; albeit changed somewhat by each conqueror.  Still, though, Chinese identity is linked to the Han Dynasty, back in 200 BC, and not to some plains people origin.  A testament to Chinese cultural superiority?  Or just that there are so many of them?  (Yes, a relatively high Chinese population relative to surrounding tribes and the world in general has been a constant feature throughout history.)
  • To continue with the above, China is currently emerging from an anomalous period (200+ years) of backwardness and is regaining its usual position at the head of world culture and leadership.  Kind of exciting.
  • The story of the Tai Ping movement really caught my interest and I plan to read more about it.  The founder read a few Christian missionary tracts (but never the Bible), had a vision and claimed he was the brother of Jesus.  Was a very charismatic leader and attracted millions of followers to a strict, fanatic lifestyle for many years and into a war.  In some ways (except the war part and some details of course), it seems similar to Joseph Smith and the rise of Mormonism going on at about the same time.

 

“One Summer: America, 1927” by Bill Bryson

Excellent Bill Bryson as always.  A snapshot look at what was happening in America in the summer of 1927.  Of course, most of these events had backstory and aftermath that went beyond that summer, but nonetheless:

  • The biggest story by far was Charles Lindbergh‘s crossing of the Atlantic.  The event generated tons of enthusiasm; this was almost as big a deal and as incredible to imagine as the moon landing would be a generation later.   But, what really may have made the most lasting impact was Lindbergh’s follow-up cross-country tour, where he appeared in parades and other events in different cities day after day.  There was heavy press coverage; and reports of it taking him only a few hours by air to travel between cities which took a day or more by train caused interest and investment in aviation.
    • A side note to the Lindbergh story is that of Charles Levine, one of his competitors to be the first across the Atlantic by plane.  It’s almost a fable-like story: he (well, his plane the Columbia) probably would have been first if only Levine wasn’t such a big jerk.  He had two pilots lined up for the flight but kicked one out at the last minute in favor of taking a spot for himself; this pilot got an injunction that stopped the flight for a week or more.  Which is when Lindbergh took off.
  • Babe Ruth hit 60 home runs playing for the 1927 Yankees, considered by many the best team ever.  He was known as “Babe” because of his sheltered upbringing at a boys school/orphanage.  Apparently he quickly lost the boyish innocence; he was a well known womanizer and drinker.
  • President Coolidge spent the summer in South Dakota, modeling a fancy cowboy outfit.  Also he participated in the kickoff for Mt. Rushmore.  The creator, Gutzon Borglum, was an interesting fellow and a Mormon (or at least started out as one.)
  • Prohibition was in full swing.  I didn’t realize that the government intentionally poisoned “denatured” alcohol, an idea encouraged by Wayne Wheeler and the Anti Saloon League, so it wouldn’t be used for drinking – many thousands were killed anyway.
  • The curious Van Sweringen brothers were building the Terminal Tower in Cleveland, a prototype of the modern shopping mall.  They also invented the suburb in Shaker Heights.  The Van Sweringens lost everything in the Great Depression.
  • Error in the book!  Said Philo Farnsworth went to “Brigham Young University in Salt Lake City”.  It’s really in Provo, which no one outside of Utah would lump together with Salt Lake City.
  • The advent of “talkie” movies = start of dominant American culture worldwide.  Before this, many actors were immigrants – didn’t matter that they had an accent or couldn’t speak English well.  Now, the movie star image around the world became totally American.

“Misquoting Jesus” by Bart D. Ehrman

This is a very readable introduction to textual criticism of the New Testament.  Ehrman begins with his background as a youth in an evangelical church, one which accepted the Bible as the unerring word of God.  As he studied more, however, he realized that we most definitely don’t have the original words of the New Testament in our Bibles today – so how can we claim that the Bible is the pure, unadulterated word of God?  Especially in the first few centuries after Christ, individual books were written, passed around among congregations, and copied – sometimes with unintentional mistakes; sometimes with intentional changes to “correct” what was read to better reflect the scribe’s own beliefs.

Textual criticism is the process of trying to figure out what the originals actually said, generally by examining as many ancient manuscripts as possible.  (The earliest known manuscript of what’s now in our New Testament is a short copy of a part of John 18 dated to the early second century.)  Scholars trace the origins of these manuscripts (ie. find out what versions they themselves are copies of) and examine the historical context of their authors to determine what version is “right” when there are differences.  And there are many differences – Ehrman says more differences than there are words in the New Testament.  But, he also acknowledges that the vast majority of these are fairly inconsequential.  The remainder, though, can really change how the whole story is interpreted…

Ehrman points out what are probably the most striking examples in our modern Bibles which are almost certainly different from the originals.  While most changes are a word or phrase, there are two rather large passages which don’t seem to be in the originals – one is the story of the woman taken in adultery – “he who is without sin among you, let him cast the first stone”; the other is the “longer ending” of the end of the book of Mark.

Most divergence occurred in the first few centuries, when congregations were small and not yet formalized, the doctrine was in flux, and professional scribes were not always available.  These “errors” take on three forms:

  1. changes to support a particular doctrinal belief or agenda.  One interesting one of these was Marcion – his philosophy was that the God of the Old Testament was separate from the God of the New Testament, who sent Jesus to save us from the God of the OT.
  2. Simple transcription errors: there just weren’t that many literate people; some early scribes could only copy letters but not understand them.
  3. Recognizing errors due to 1 and 2 and attempting to correct, but without access to any better sources.

The whole question of scriptural validity was very important during the Protestant Reformation.  The basic Protestant premise was that authority could be obtained from following the Bible alone, whereas Catholics claimed a historical authority from the apostles in the form of pope and priesthood.  Pointing out changes to the scripture would seem to weaken the Protestant position.  In response to something called Mill’s Apparatus, which pointed out thousands of errors in the commonly accepted Greek Bible vs earlier sources, Daniel Whitby ceded that the Bible may not be original, but claimed that God would not allow text to be corrupted​ so much to not adequately achieve its divine purpose.

Interestingly, the Greek translation that was in common use in Mill’s day was largely a product of Erasmus, who produced a side-by-side printing in Greek and Latin.  It was something of a rushed effort.  In some cases, he lacked Greek sources so he translated from the Latin Vulgate (4th century, Jerome) back into Greek…not original at all!

In the book’s conclusion, Ehrman returns to his own biography.  Since God obviously didn’t somehow miraculously preserve the original words of the Bible, he reasoned, maybe they weren’t inspired in the first place at all?  But then he thought that even if we did have the original books of the Bible, they would still be different and focus on different details, maybe even be contradictory, simply because they are the product of (or at least were given as intermediary to) very human authors, with their own beliefs and “agenda” – just like the scribes who would later copy them.  As an example, he points out the passion stories in Mark and Luke — Mark portrays Jesus in despair and full of suffering, while Luke’s Christ is calm, in control, and accepting of his fate as necessary for the salvation of all.  While it is accepted that Luke used Mark as a major source when writing his own Gospel, he chose to focus on something completely different.

Ehrman: “Readers completely misinterpret Luke” when they “take what Mark says, and take what Luke says, then take what Matthew and John say and meld them all together, so that Jesus says and does all this things that each of the Gospel writers indicate.  Anyone who interprets the Gospels this way is not letting each author have his own say; anyone who does this is not reading what the author wrote in order to understand his message; anyone who does this is not reading the Gospels themselves – he is making up a new Gospel consisting of the four in the New Testament, a new Gospel that is not like any of the ones that have come down to us.”

“Houdini!!!” by Kenneth Silverman

 

Houdini (FYI – he didn’t really like the “Harry” and not even “Mr. Houdini” – just “Houdini”) was a remarkable figure.  “He achieved afterlife as a fabulous archetypal being.”  How did he get to this point?

Skill and dedication to his craft certainly played a part.  He gained fame initially as the “Handcuff King.”  He claimed to be able to get himself out of any pair of handcuffs that were in working condition.  How it did it is not always known.  But, certainly part of the trick involved substantial research – knowing the intricacies of the 20 or 30 most popular models of handcuffs in current use, and having the master keys or relevant lockpicks hidden somewhere on his person.   (For the famous “naked” escapes … there were some rubbery capsule-like objects found in Houdini’s effects that could hold a key or two and then be inserted into some bodily oriface…)  Then there were the “strange” cuffs which were one-offs or custom-made jobs.  For these, he often made a show of testing them out with the owner’s key, then swapping out their key with similar looking one. Or he would make sure the strange cuffs were put higher up the arm so they could be wiggled off easier.  Or, finally, there was always old-fashioned bribery in order to get a copy of the key or obtain similar help.

Besides skill, being an extreme publicity hound undoubtedly helped Houdini find lasting success.  Starting out America, he claimed to be famous all over Europe before he’d even been there; after building up a reputation in the States he did go to Europe and found great success in England and Germany; then when he got back to America he was a really big star.  One successful technique was to visit the local police station when arriving in a new city, and offering to test out there security by being locked up and put in a cell.  Invariably, he would invite members of the press to attend the event, and they would obligingly write up wonderful stories after Houdini freed himself from the best the city’s police could muster after only a few minutes (undoubtedly using some of the methods described above).  He was also famous for being suspended by a crane or from the tallest building in town a hundred feet in the air or more, upside down, and extricating himself from a straightjacket (lots of wiggling!) in just a few minutes.

Later, as he expanded beyond magic into other endeavors, his publicity-seeking gene remained alive and well.  He bought a second hand plane and learned to fly it shortly before a trip to Australia; he whole motivation to learning to fly was to be able to claim being the first to fly a plane on that continent.  (Apparently that claim is now not really recognized.)  He wrote a large number of articles, books, and short stories, but used unattributed ghost writers so extensively it is hard to tell what’s really his own work.

Finally, he ensured an air of mystery about his life because he never really revealed how he did all his tricks.  Unfortunately, the author of this book is also a magician and follows the “code” – he doesn’t  explain the tricks either!  Being curious, I looked up most of them.  There are some good Houdini-specific explanations I found, but the best overall “reveals” were Youtube excerpts from the show “Magic Secrets Revealed.”  (Apparently, the “masked magician” from this show got a lot of heat, but justifies breaking the magician’s code for these tricks because they are so old and well-known anyway.)

Houdini was born as Ehrich (“Harry” comes from “Ehry”) Weiss in Hungary, to a Jewish rabbi father.  The family emigrated to the US when he was a child, but Mayer Weiss struggled to find steady work and provide for large family.  Houdini grew up in poverty.  But, apparently it was a loving childhood – he always respected his father and felt like he got a raw deal; and Houdini had an almost reverential affection for his mother.  Her death really depressed him for the rest of his life, and when he himself died, per his own request Houdini’s burial pillow was a stack of letters his mother had written.

That said, this book didn’t contain a whole lot of info on his childhood.  The story pretty much starts with him doing magic shows at cheap “dime museums” (aka freak shows). How did he get there? What made him want to be a magician?  Unanswered questions…

Houdini was always interested in magic history and used his fortune to build up a formidable collection of texts and artifacts.  While on tour around the world, he looked up and visited with elderly magicians of yesteryear.  One touching story in the book is about his visit to Wiljalba Frikell in Germany.  The aged Frikell was very excited anticipating the visit — but he died the same day Houdini was slated to arrive.  Houdini “retained all his life a small scrap of paper found in Frikell’s dress suit, on which the revolutionary magician had written his last words, in pencil, illegibly.”

This sentence may be a linguistic paradox: As a magician, Houdini knew that magic wasn’t real.  (After being impressed with one of his shows, Theodore Roosevelt asked Houdini whether there really was something supernatural about it all.  “No Colonel – it’s just hocus pocus.”)  Trained magicians like Houdini were well positioned to recognize the fraud of the popular Spiritualist movement, in which mediums claimed communication with dead spirits.   However, most hesitated to speak out, since the mediums’ tricks were often the same as their own: “such exposés came perilously near violating the cardinal rule of magic: Don’t Expose.”

Houdini, however, was famous enough to make a stand without worrying too much about incurring the wrath of his fellows (he was president of the Society of American Magicians, after all).   He was famously intransigent as a member of the Scientific American committee investigating the claims of “Margary“, when the committee was nearly convinced of the veracity of her paranormal claims.  Houdini quickly saw through her shams but nonetheless struggled to convince his academic colleagues.  “Men like <them> are menaces to mankind, because laymen believe them to be as intellectual in all fields as they are in their own particular one.”

Houdini’s death from appendicitis and subsequent infection was sudden, as often the case in a world before antibiotics.  It does seem like an overconfidence in his invincibility, and a failure to heed warning signs about his own health, sadly contributed to his demise.

All-in-all, it seems Houdini lived a genuine and a happy life.  I liked the little anecdote in the book’s appendix by one of his nieces — when she was 4 or 5, she would jump into Houdini’s bed in the mornings.  They would both have their arms outside the covers, but something would start pinching her legs!  Houdini’s dexterous toes were undoubtedly another factor, whether natural or practiced, which contributed to his escapes.

 

“Trading in the Zone” by Mark Douglas

This is a book on trading psychology.  Too many traders are governed by emotion (both good, like euphoria and a feeling of invincibility; and bad, like fear and greed) which prevent them from being consistent winners.  The key is to look at trading objectively, from a probability standpoint.  You must accept that the probability of a win is never 100%.

Fear manifests itself when we, either consciously or subconsciously, avoid information which would “prove us wrong.”  Eg. we avoid positive news about a market you already exited (because you would have to admit you exited too soon) or we avoid negative news about a current trade (especially one that’s already a loser that we hope will “bounce back” soon).

Consistent winning can be problem too, if we get a “can’t lose” attitude and become reckless with larger and larger trades.

There is always going to be uncertainty.  The key is to find a strategy that gives an edge, and then don’t worry if it sometimes is a loser – account for that.  Before every trade, predefine: risk (probabilities of up/down), loss-cutting point, profit-taking point.  Don’t emotionally consider recent wins or losses.  Over and over again trade when you see your edge (only risking some predetermined, small percentage of your equity) and don’t worry when you sometimes lose; just make sure your edge wins on average.  Sounds like he is advising traders to be like an automated algorithm!

But … (the big but) how do you find an edge???  He doesn’t really go into that at all; it seems his intended audience are technical analysts who already have an edge but fail to use it consistently.  For those without, well… find one with quantopian?

I like his approach to “scaling out” profits.  He reports noticing that 1 in 10 trades go down and hit his initial stop immediately.  Another 2-3 in 10 go up a few ticks but then go down to the stop.  What to do = scale out of trade gradually.  When up a few ticks, sell 1/3 of position.  At some other predefined rise (something higher than a few ticks), sell another 1/3 and reset your stop on the remaining 1/3 to your entry position.  Now you have already captured some profit and have a “risk-free” position to see how it turns out.

 

“Carrying the Fire” by Michael Collins

collins2

Michael Collins, most famous as the third man in the Apollo 11 crew along with Armstrong and Aldrin, is a very gifted writer.  This account of his time as an astronaut – six years and two space flights, Gemini 10 and Apollo 11 – was a joy to read.  Collins seems very down-to-earth and doesn’t take himself too seriously.  Lots of good humor and great storytelling here, along with some very candid impressions and recollections of his fellow astronauts, the training process, and the events of his two space missions.

As I am realizing happens with most men who achieve “greatness,” Collins didn’t set out to particularly do any “great” thing, much less go to the moon.  Rather, he was an intelligent, capable individual who took opportunities as they came.  Collins went first to West Point, then into the Air Force as a pilot, then an experimental test pilot, and finally to the astronaut corps.  Even his assignment to Apollo 11 was somewhat of a fluke; he was originally slated to fly Apollo 8 (which admittedly would have also been a pretty big deal) but had to have neck surgery and was bumped to 11.

There are some funny stories about the astronaut jungle and desert survival training, ostensibly required in case of a landing in some remote area.  Most of the astronauts laughed off this chance; however contingency planning was a hallmark of NASA in these early days.  Much of it was never needed, but Collins agrees it was time and money well spent.  For example, the consideration of using the LM as survival craft was already well documented prior to Apollo 13.

Surprisingly for a pressure suit expert, and as a Gemini EVA veteran, Collins admits to some claustrophobia during certain suit tests, but of course never reported it for fear of being grounded.  Everything ended up just fine during his EVA, but it made me wonder … what other dangerous conditions did other astronauts conceal for fear of losing their chance at glory?  (This is one of those process-breaking things that occur when humans get involved … we are not always dispassionate creatures of logic.)

During a down moment as CAPCOM for Apollo 8, Collins relayed a question from his son to the crew enroute to the moon: “Who’s driving, is it Mr. Borman?” Answer: “Nope, Isaac Newton is driving now.”  It really is incredible how Apollo was shot to the moon – 250,000 miles and three days out, towards a spot ~40 deg away from the moon’s position at launch – and then hitting within 60 miles or so.

As also reported in “First Man”, the Apollo 11 crew didn’t seem to be very close or communicate much beyond the technical.  Collins also reports the same “distance” with John Young during Gemini 10.  Maybe there was just so much going on that there was little time or brainspace to spare for non-technical matters?

The crew knew that Apollo 11 was going to be a big deal and expected a certain amount of fanfare upon their return, but none of them could have predicted what the never-ending fame (including being asked “What was it really like up there?” approximately one million times) would actually be like.  For three introverted engineers, dealing with fame was not always enjoyable.  Furthermore, nothing in life ever really seemed to come close to the challenge or fulfillment that came from making the moon shot.  I guess that nothing on earth can really compare once you’ve already done the impossible.  But I suppose that, among all hardships, this is not the most terrible one to experience.  Also, it really put some problems in perspective – hard to be terribly concerned with issues where lives are not on the line, and also some of planet Earth’s squabbles and feuds seem so small when you can view the whole Earth as a tiny ball outside a single viewport of your spacecraft.  On the other hand, even the great honors of the Earth that were bestowed on the crew don’t seem like much — “through it all, the earth continues to turn on its axis …. I am less impressed by my own disturbance to that serene motion, or by that of my fellow man.”

The crew also returned to a pivotal moment in the future of manned space flight, as the voices in opposition to the vast sums being spent on such endeavors where becoming loud indeed.  Collins’ book was published in 1974 and it is clear he and NASA were at least by then very much on the defensive.  I think he and many in Apollo would be surprised that we still as of 2017 haven’t sent a man to Mars yet — it seemed like the next logical step.

Nearly fifty years too late, but let me say, “Great job, Mike!”  And also to the other astronauts and literally thousands of others who made it all happen.  Apollo is a story which will inspire humanity through the ages.