You've Exposed Too Much

Added on by C. Maoxian.

BEHIND THE BEST SELLERS; 'PREPPY HANDBOOK' by Dudley Clendinen, NYTimes, 4 January 1981

Last spring, Jonathan Roberts was 25 years old, a graduate of the Cambridge School in Boston and Brown, a funny young man who wanted to write. ''Usually, people tell you to write what you know,'' he says. ''For years, I thought - 'What do I know? I'm just a Preppy.'''
Then he thought again and confided his idea for a book to three Preppy friends, all single, clever, mid-twentyish and residents of Manhattan: Lisa Birnbach of the Riverdale School and Brown, Carol McD. Wallace of Country Day and Princeton and Mason Wiley of The Episcopal School and Columbia University. They agreed to collaborate. Miss Birnbach took on the chores of editor, writer and manager of the budget. She paid everyone else out of a checkbook imprinted with her nickname, ''Bunny,'' and a stemmed martini glass. [Roberts, Wallace and Wiley have WASP cred ... Birnbach, er, no.]
What emerged in September from the Workman Publishing house was ''The Official Preppy Handbook,'' by its own definition, the ''In book of the season.'' It is about Mummy and Daddy, whose lives and family rooms are imprinted decorously with the repeated images of ducks, whose Saturdays in the fall are given to tailgate picnics before the old school game, whose children are nicknamed Muffy or Missy or Buffy, Skip or Chip or Kip.
By the time Muffy and Skip become Mummy and Daddy, they will have mastered these and the million other details involved in living the elite and proper life of Prep. Or they can buy this book. Anyone can. ''You don't have to be a registered Republican,'' the preface says invitingly. ''In a true democracy, everyone can be upper class and live in Connecticut. It's only fair.''
That may or may not be true, but it is funny. On the other hand, its authors say the book itself, 224 pages of wry detail, is a true account of being Preppy. ''Our feeling was that it is such an inherently amusing subject that we don't have to make jokes about it,'' says Mr. Roberts. ''All we have to do is tell the truth.'' Who cares? Anyone to whom it matters, or who wants a laugh.
The Library of Congress, which by function is pedantic, has the book catalogued under ''Preparatory schools - United States - Handbooks, manuals, etc.'' Elsewhere, there are 415,000 copies in print, and much laughter. The $3.95 book is No. 1 on the trade paperback best seller list for the second successive week. The four authors, who spent only a summer and a budget of $15,000 on writing and illustrations, find this most amusing.
When Mr. Wiley went home to Rocky Mount, N. C., this year for Thanksgiving (an event described in the college years section of the book as: ''First major break of the year. Almost everyone goes home by Wednesday afternoon, humming 'We Gather Together'''), he discovered that his summer project had not been without some social cost. ''My parents' friends were all embarrassed,'' he recalls. ''They said, 'You've exposed too much.' One woman went home and counted 15 ducks in her family room.''
The book's style is youthful, the prose wry and clean. The response has been bemusing. When Miss Birnbach, who has been on the road promoting the ''Preppy Handbook'' since mid-November, arrived in Charlottesville, home of the University of Virginia, Mayor Francis S. Buck proclaimed it ''Preppy Day.'' The department store carrying the book greeted her with ''Welcome Lisa'' banners of Preppy pink and green. In Charlottesville, the book is said to be the biggest seller since ''Dr. Zhivago.''
In the midst of such attention, Miss Birnbach attempts to maintain a Preppy sense of humor. When she is asked by interviewers if the men she dates are Preppy, she has a stock reply: ''No synthetic fibers touch any man that I will touch.'' 

Something Enduring, Secure, Top-drawer

Added on by C. Maoxian.

PAPERBACK TALK by Ray Walters, NYTimes, 4 August 1980

Lisa Birnbach, who once covered ''the scene'' for a Manhattan weekly, puts it this way: ''In this time of jittery economics, shifting values and uncertain self-identities, it's nice to feel you belong to something enduring, secure, top-drawer, outstanding - like the world of preparatory schools that date back to the mid-18th century.''
That world and its alumni are celebrated by Miss Birnbach in ''The Official Preppy Handbook,'' which Workman will be publishing next month - just in time for the fall term - at $3.95. In 160 pages, it charts and illustrates, in somewhat tongue in cheek fashion, the proper preppy's progress from silver spoon to obituary in The Times. Along the way it offers counsel on how to bear up under a legacy of good taste and breeding, how to get into a good school and how to get out, how to dress and behave with members of the opposite sex, what games to play and where to ''waterhole,'' what to do at a reunion.
The distiller of all this received wisdom is a native New Yorker who acquired many preppy friends during her progress through Riverdale Country School and Brown ('78). She was tapped for the assignment by an old friend and Workman author Richard Smith (''The Dieter's Guide to Weight Loss During Sex''). Miss Birnbach - who longs to be called ''Bunny,'' a proper preppy name - got her project going at a party where 20 preppy friends - lawyers, bankers, advertising people - contributed ideas.
Isn't all this terribly, provincially Northeastern? Not at all, Bunny Birnbach says. There are large preppy enclaves from San Diego to Kansas City, from Grosse Pointe to Shaker Heights. The South is clustered with them. Stores from coast to coast feature their rep ties and button-downs.
Isn't all this very undemocratic? Not at all, Bunny Birnbach insists. If you weren't born a preppy, her book will tell you how to be one. 

Lisa Birnbach also attended the 92d Street Y Nursery School, which goes unmentioned, and is the granddaughter of the late Dr. Norman Salit, a rabbi, a lawyer and a president of the Synagogue Council of America.  Can Jews be Preppy?

Xiaomi's Handset Supply Chain

Added on by C. Maoxian.

Nice table from Nomura.  My elevator surveys tell me that Xiaomi is growing by leaps and bounds ... it's no longer seen as embarrassing to carry one, I guess. Going to be huge in the emerging markets, I'd bet.  Apple won't be able to gouge people forever. I looked at getting a smartphone recently, but actually couldn't find a Xiaomi at the Internet price of 1,499 RMB -- no supply. 

China Money Market Fund Yields

Added on by C. Maoxian.

Nice chart from HSBC of the yields of Yu'e Bao (Alibaba), Licaitong (TenCent), and Baifa Baizhuan (Baidu). Still convenient but yields less compelling ... and deposits capped at one million RMB mean no big depositors can take advantage of them.

Movies Watched -- American Hustle

Added on by C. Maoxian.

Had some funny bits but way way too long ... close to two hours and twenty minutes, that's crazy ... indulgent filmmaking.  If they had been able to cut it down to 90 or 100 minutes it would have been better.  Amy Adams was pretty good, much better than Jennifer Cheekbones.  Lots of good songs on the soundtrack.

Movies Watched -- Philomena

Added on by C. Maoxian.

Quit an hour in (with 40 minutes to go). Slow, cliche riddled, annoying "emotional cue" soundtrack, it didn't hold me. And the adopted son turned out to be gay? Ugh, I'm really glad I didn't watch to the end.

Q's Set Up on Monday

Added on by C. Maoxian.

Here's my view of the Qs on Monday ... SQQQ is the ProShares 3x bear fund.  Cross-currents across time frames, tricky biz. 

Movies Watched -- We Steal Secrets (The Story of Wikileaks)

Added on by C. Maoxian.

Assange strikes me as an egotist, the flowing mane, the sunglasses, the clothes ... he wanted to be a rock star (and became one).  Manning is a troubled character ... feels like he would have imploded if Lamo? hadn't exposed him first ... of course there are atrocities being committed in war zones, probably every day, nothing that Ma and Pa back home want to know about ... anyway, movie is dated now in the "Snowden Era."