The t in Ceta: Local and National Perspectives

Amazon.com

A recent New Yorker cartoon shows a corporate CEO type addressing his lieutenants with the words, "And, while there's no reason to panic, I think it only prudent that we make preparations to panic." That man might be John Rothchild. One of America's most elegant and witty writers on money, Rothchild offers prudent advice on preparing to panic in The Bear Book. It is an amusing disquisition on the history and psychology of the U.S. stock market, offering useful suggestions on how to survive and even thrive when the stock market enters a free fall.

Note that's not "if," but "when." Rothchild makes clear that steep and prolonged market drops have long been a regular occurrence, except in the '90s so far. History shows that when optimism reigns as it seems to now, the carnage is likely to be all the worse. Not a happy message, but maybe an important one. Looking back on past bear markets, Rothchild suggests where to find safe harbor, pointing readers toward certain stock sectors, some foreign markets, and bonds. Perhaps surprisingly, gold does not make the list, and Rothchild explains why. Even the most bullish will enjoy Rothchild's acerbic observations on market psychology and his good-humored tweaking of various famous market commentators and other Wall Street emperors whose nudity, when it comes to foreseeing the future, Rothchild is happy to point out. --Barry Mitzman

Book Description

"Rothchild finds some compelling evidence that a Bear might be lurking in the woods. [He] addresses the subject with candor."-The Wall Street Journal

"In a timely antidote to the fever now raging in the markets, Rothchild's new book dishes a long dive when investors least expect it." -Washington Post Book World

April 14, 2000. The Dow drops over 600 points. Investors the world over receive a startling reminder that "what goes up, must come down." Today's exceptionally volatile markets exemplify the hair-raising financial instability that most analysts see as a continuing trend. More than ever before, investors deserve a sound explanation of how to profit-or minimize loss-in such a climate, and be prepared for the inevitable dips. In Survive and Profit in Ferocious Markets, bestselling financial writer John Rothchild provides a rare understanding of profit making when the markets are tenuous, with volatility at every turn. Here is specific, comprehensive, and timely information on:
* Where the economy is going and how exactly to invest in it
* How investors can negotiate the awkward terrain between the new and old economies
* Investment strategies at different stages of a volatile market
* The psychology of investing, a history of the markets, and biographies of prominent investors, including Roy Neuberger and Philip Carret

With wit, wisdom, and a penchant for telling a good story, Rothchild provides all investors, from novices to pros, with the tools to protect their investments and prosper.

Customer Reviews:

The Short Story of Watered-Down Money.......2004-05-30

1. Greek leaders had a huge federal payroll too meet and many bureaucratic mouths to feed, on top of expensive wars and costly road building and drainage.
2. Three escapes: a. raise taxes b. fire bureaucrats and cut government spending c. spend at the usual carefree pace, but put less precious metal in the coins.
3. The continental colonist could not pay for their revolution with taxes. They financed the war with a huge print run of "Continentials" sent to troops and suppliers as payment for their services. Nothing of substance was backing the new currency. When merchants began to refuse the new currency the revolutionist made it a crime to refuse the new currency.
4. The Continential congress issued new paper worth twenty of the originals. The new money quick lost its buying power. By issuing sham currency, the Revolutionary government had imposed what amounted to a 97.5 percent tax on the recipients.
5. By the late 1700s paper money was discredited and the United States along with other countries put themselves on the Gold standard. Banks could issue notes redeemable in gold. The Gold standard created the first reliable cash in human memory. It created problems because banks could only distribute notes proportion to the gold they had in their vaults. Congress did not renew the Bank of the United States charter; the second bank of the United States came under political attack and its demise caused the panic of 1819 and a third bank was not created until 1913. After the panic of 1819 the gold standard was relaxed and state banks appeared to take advantage printing more notes than they had tangible assets to cover.
6. In the mid 1800s, the federal government force banks out of the money business by imposing a huge tax on their cash. Every since the U.S Treasury has had the monopoly on money.
7. The U.S Treasury created a huge supply of greenbacks to finance the Civil War and terrible inflation made the greenback as worthless as the continental. Two World Wars and the Vietnam War were financed in similar fashion.
8. To fight inflation the central bank raised interest rates. The remedy was too create a recession.
9. Sep 1944, politicians and bankers from the Allied nations met at Bretton Woods to devise a new system of fixed exchange rates.
10. Each currency was assigned a price range within it could trade, in relation to the US dollar. So for example if the Swiss franc was too expense, the Swiss Central bank would enter the market and sell francs and buy dollars. This action would push the Swiss franc down and the dollar up. If a country refused too devalues, other countries would amass the non-conforming countries currency, approach the country's central bank and demand a swap for gold. The choice remained devalue or deplete. The pressure to devalue was considered the lesser of the two evils.

Bears and Bulls can't be predicted - Its guess work, only.......2004-05-27

Bonds
1. Bonds are profitable as interest rates are dropping, if a capital gain can be realized. A capital gain occurs when the seller has bought a bond with a high yield rate and the sells when the market yield has dropped. The difference in yield creates value because the seller's bond is preceived to be more value because of the difference in the yield cash flow. The perceived value translated into a higher selling price, for the seller. Price is a function of the cash flow difference in the yield. The positive difference in buy and sell bond price is the capital gain.

2. When interest rates are climbing, investor money moves back into security, treasures, funds which take advantage of the higher interest rates.

Stocks
1. 15 percent growth is a 20th century phenomenia
2. Stock before 1950 averaged 6 percent. The author is not impressed with Stocks nor their long term performance.
3. Stocks can fluctuate 50 percent in price in a given year. This can lead to mixed signal of buy high and sell low rather than buy low and sell high.
4. Market timing to buy and sell a stock creates massive numbers of losers
5. Buying and Selling Stocks always makes the Brokerage House the winner. The experts have 100 to 1 the advantage.

Gold
1. Gold doesn't earn interest. Gold costs to store. Gold is a safety against the dropping value of cash.
2. Increases during inflation. Inflation increase as the government prints more money

Cash
1. Cash is the most desired medium. Cash is liquid and readily exchangable for goods and service. The decision to buy company stock or build a new company is based on the replacement value of the company.
2. The Federal Reserve controls the inflow and outflow of the money supply
3. The money supply effects the interest rates. As money becomes more difficult to lend the interest rates go up. As money becomes cheap the interest rates go down.

New Bull High
1. All the bear advisors must capitulate
2. 80 percent of the market must be bullish
3. The market must be in a recession
4. Money must be moving out of mutal fund

Bull Assumptions
1. Bulls are very optimistic
2. During a Bull market very little attention is given to Bear advise
3. Global events, earthquakes, wars, oil shortages, etc have immediate impacts on Bull momentum.

New Bear
1. Prices are deflating
2. The price to earning ratio are moving higher or have reached new price levels
3. The yield curve is inversed. Deflation cause bond activity and bond sell off in a bear helps investor take a profit.
4. Deflation, P/E, and Inverse yield hit the market only once in the 1930s
5. Deflation has not be a factor since the great depression
6. The best bear predictor in the market has been an astrologer. The author this Russell was pretty lucky. Averages, statistic, genetic algorithms, and simulators have not been able to find an market equation.

Bear Assumptions
1. There is no known scientific way too predict a bear trend. At best Artifical Intelligence system can mimck the behavior patterns of one expert in a simulation.
2. Bear markets cycle about every six and half years, however, there is no way to predict the cycle is reliable. Some of the worst bailouts came because of leverage billions of dollars hedged against a downturn in the market, a downturn that didn't happen on time.
3. Bear warnings such as six months of downward price pressure is inconclusive proof the market will move into a bear market.
4. Company can be performing excellent and demonstrate increasing earnings; however increasing earning does not guarentee higher prices. So, a doubling in earnings one year does not mean a doubling of price, also, only the market's players desire too move the price higher will cause higher prices. Some have tried to model market player emotions/expectation with little success.
5. Contratrism will not always work and in many cases increases the pain and carnage. Going against the pattern of the crowd goals is too find bargins during cycles of fear and greed.

The book shoots its target.......2003-08-25

Someone said that the book doesnt teach how to predict bear markets. I would rate it ridiculous if it aimed at that. No one can. (The market goes where it wants to go remember?)
Just like stop losses, shorts are a tool, learn how to use them.
This is not a pure technical book ,but it is probably one of the most enjoyable to read about this thing we all love: trading.
And if one recomendation is allowed on the technical side: Stock patterns for day trading and swing trading by Barry Rudd (No comissions here, lol)
Best regards

If you like stock market books!.......2002-01-09

This is a history of various market declines and panics. Providing some useful insight, it is well written and deviates from the normal how to buy stocks book. If you want a good read and like stock market and finance books, you should like this.

Witty and sardonic, an delight to read!.......2001-07-28

When I found this book at the bookstore and glanced within, I couldn't put it down! John Rothschild draws from history to characterize US bear stock markets (from the late 1800s until publishing date in 1998). He presents the information in a witty, light-hearted, sardonic manner. The info is very up-to-date and insightful including analogies to the Japanese bear market in the 90s and the US bear markets of 1929, 1968, 1973, 1981, and 1990. The treatment of the Great Crash of 1929 was perceptive (e.g., it should be called the Crash of 1931). As a trader for the past 8 years who leans to the bear side, I relate very well to both the content of this book and the writing style. The author aptly notes, short-sellers have been cursed since the beginning of time itself; yet without them, bear markets would be more vicious and devastating. In a decline, it is the short-covering that holds the market and not the conventional wisdom of buying by cash-rich mutual funds. Hats off to the author for a delightful book!

The Bear Book : Survive and Profit in Ferocious Markets

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The Bear Book : Survive and Profit in Ferocious Markets
John Rothchild
Manufacturer: NY
ProductGroup: Book
Binding: Hardcover
ASIN: B000MUDJ1U

Book Description

The study of cause lawyering has grown dramatically and is now an important field of research in socio-legal studies and in research on the legal profession. The Worlds Cause Lawyers Make: Structure and Agency in Legal Practice adds to that growing body of research by examining the connections between lawyers and causes, the settings in which cause lawyers practice, and the ways they marshal social capital and make strategic decisions.

The book describes the constraints to cause lawyering and the particulars that shape what cause lawyers do and what cause lawyering can be, while also focusing on the dynamic interactions of cause lawyers and the legal, professional, and political contexts in which they operate. It presents a constructivist view of cause lawyering, analyzing what cause lawyers do in their day-to-day work, how they do it, and what difference their work makes. Taken together, the essays collected in this volume show how cause lawyers construct their legal and professional contexts and also how those contexts constrain their professional lives.

Book Description

This book entitled Pteridology in the New Millennium is dedicated to Professor B.K. Nayar, founder of the pteridology laboratory of the National Botanical Research India, Lucknow, India, on the eve of the Golden Jubilee Year October 2002 to October 2003 of the NBRI, a national laboratory under CSIR, New Delhi.
This volume is a collection of research papers on pteridology covering a wide spectrum of various aspects of pteridological research from prominent scientists throughout the world. In editing this volume we have made an attempt to highlight the current significance of some of the emerging fields of pteridological research in various communities across the globe. The book includes thirty-five chapters mainly covering topics on systematics, morphology, anatomy and cytology, ecology and floristics, phytoremediation and economic utility, reproductive biology, tissue culture and Paleobotany.

Average customer rating:
THUDICHUM Chemist of the Brain
David L. Drabkin
Manufacturer: University of Pennsylvania
ProductGroup: Book
Binding: Unknown Binding
ASIN: B0000CK1WL

Average customer rating:
Thudichum, chemist of the brain
David L Drabkin
Manufacturer: University of Pennsylvania Press
ProductGroup: Book
Binding: Unknown Binding

General & Reference | Chemistry | Professional Science | Professional & Technical | Subjects | Books
ASIN: B0006AV4DQ

Average customer rating:

Five stars for Physics B; Three stars for Physics C

another compliment

Great Book With a Few Shortcomings

At times too thorough, at times too sparse

Great study guide for a tough test

Cracking the AP Physics B and C Exams, 2006-2007 Edition (College Test Prep)
Princeton Review
Manufacturer: Princeton Review
ProductGroup: Book
Binding: Paperback

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Cracking the AP Calculus AB and BC Exams, 2006-2007 Edition (College Test Prep)

Cracking the AP Chemistry Exam, 2006-2007 Edition (College Test Prep)

Cracking the AP U.S. History Exam, 2006-2007 Edition (College Test Prep)

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Cracking the AP Economics Macro and Micro Exams, 2006-2007 Edition (College Test Prep)

ASIN: 0375765409
Release Date: 2006-01-10

Book Description

The Princeton Review realizes that scoring high on the AP Physics B & C Exams is very different from earning straight A’s in school. We don’t try to teach you everything there is to know about physics–only the strategies and information you’ll need to get your highest score. In Cracking the AP Physics B & C Exams, we’ll teach you how to

·Use our preparation strategies and test-taking techniques to raise your score
·Focus on the topics most likely to appear on the test
·Test your knowledge with review questions for each physics topic covered

This book includes 2 full-length practice tests, one each for Physics B and Physics C. All of our practice questions are just like those you’ll see on the actual exam, and we explain how to answer every question.

Customer Reviews:

Five stars for Physics B; Three stars for Physics C.......2007-06-24

There is very little to add to what the previous reviewers have said regarding the Physics B portion of the material in this book. It is indeed an excellent study guide for that exam.

I would rank the book a little lower on its coverage of the Physics C material. Let me preface the following by saying that I bought this and several other textbooks, guides, and multiple choice questions, and free response questions (the latter two available either for free or for purchase off the AP services web site). In addition, I attempted to teach my daughter the subject on our own time given the complete lack of effective instruction by her physics teacher at school. It became clear to me that the Physics C exam is written to test "cleverness". The Physics B part can be passed by sadly only knowing the right formula and how to plug in the numbers - this cannot be done on the Physics C exam. The Physics C exam is not about complicated formulas nor long derivations. You need to get the answer within one or two steps - if not, you are on the wrong track. In order to do this, you need to have seen a similar type of problem before. This book doesn't do that effectively on its own - but if you've got a decent physics instructor, the combination of both will suffice for the exam.

It is clear that the book is primarily concerned with Physics B and supplements a little extra (as needed) in the mechanics and E&M section for the harder Physics C exam. As a stand alone "text", it will fall short of the mark for the tougher Physics C exam. In summary, if you are going at this alone, buy this and the Physics C guide authored by Mooney. If your in a decent class, then this book will suffice.

another compliment.......2007-05-24

This book is great:
+lessons are concise but very thorough
+all examples and questions have answers and most have explanations.
+it's easy to distinguish between [B] and [C] topics

-But be sure to check central for a thorough list of topics on the test
-There are a few mis-edits or explanation with computational errors. These are rare but can give you a headache for a few minutes until you figure out the error.

Conclusion: If you read a section, and comprehend it, you won't be baffled by any question in that topic come test day (I mean it).

Great Book With a Few Shortcomings.......2007-05-15

The book was everything I expected it to be. I particularly liked how it taught a topic that was immediately followed by a sample problem. Comparing this book to the Kaplan one, I found this book to translate rather difficult concepts into much easier ones. The one thing that I would change is a stronger Gravitation section. This seemed to be my weakest area out of all of them.

At times too thorough, at times too sparse.......2007-05-15

This book's strength lies in the many practice questions it offers, and the thorough explanations of each that it offers. However, sometimes new content is thrown into the body of the questions, so to make sure you have mastered the all of the material you sometimes need to do all of the questions in addition to reading the text to make sure you are familiar with everything that the AP tests. Also, some sections of the book (most notedly the ones on electricity and magnetism) go into too much detail, while others (on waves, fluid dynamics, and nuclear physics) I did not felt went into enough detail for me to feel comfortable that I knew the material backwards and front. Another flaw of the book is that there are an incredible amount of typos- sometimes its just annoying misspellings in the text, but more often than not they are flaws in the practice questions- just minor things, but enough to take precious time away from last-minute cramming. I also caught an algebraic mistake in one of the explanations to the questions, that resulted in them providing the incorrect answer. I am giving it four stars, though, because in the end it did prepare me well for the test (I took Physics B) In fact, there were exactly two multiple choice questions that were almost exact repeats of problems this book has, which was a pleasant surprise.

Great study guide for a tough test.......2007-03-26

This book was required for my daughter's physics class last year. The teacher of her AP Physics class has a very high pass rate on the AP Physics exams with the majority of her students scoring 4 or 5. She attributes this success to this book. My daughter scored a 5 on both the B and C tests. Now my son is prepping to take the AP Physics B exam and once again this book is required. I didn't even pause when he asked for a new copy of the latest edition.

Update: My son recently competed in a regional scholastic competition and took first place in physics. He's a junior taking the AP Physic B class and took first place against second year (AP Physics C) students. He used this book to prepare for the competition.

Average customer rating:

Very good knowledge
excellent
A hurried one eats raw
Princeton Guide to Advanced Physics

Princeton Guide to Advanced Physics
Alan C. Tribble
Manufacturer: Princeton University Press
ProductGroup: Book
Binding: Paperback

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ASIN: 0691026629

Book Description

From classical mechanics to general relativity, the key principles in all areas of physics are surveyed in this one handy volume. Here Alan Tribble addresses the needs of students and practicing physicists alike. He starts with a review of mathematical methods and then summarizes the most widely used concepts in physics, detailing derivations and applications. With its mix of theory, application, and solved problems, Advanced Physics enables a student to grasp quickly the fundamentals of the field while providing physicists, engineers, and mathematicians with an ideal reference for locating critical formulas or reviewing mathematical details.

One of Tribble's goals is to help students, particularly those preparing for comprehensive examinations, to develop and retain a broad base of knowledge and an in-depth understanding of the fundamental physical principles. Until now, reaching this goal has been a time-consuming and difficult task for the student, partly because so many texts have omitted key steps in crucial derivations or have assigned these derivations as exercises. By gathering widespread information into one highly accessible format, Advanced Physics will become an invaluable study aid, will serve readily as a text in a review course or as a supplemental text in higher-level courses, and will make for an indispensable reference for professionals throughout their careers.

Customer Reviews:

Very good knowledge.......2006-11-04

This book contains a very good storage of knowledge in physics, for undergraduate and graduate student in all of the stages of their studies. Too bad the cover is soft which means that the book will have a short life

excellent.......2006-02-07

Did you already learn something but couldn't remember the exact details of it or you just want to know the basics (very basics) then this book is for you. The princeton guide gives a quick summary of some very useful stuff. Don't try and actually learn (study) from this book because it doesn't give any problems. (Sadly, doing problems is the best way to learn it)! For someone like me who has seen almost everything in physics, this book is perfect for reacquainting me with some long time facts and calculations that I have forgotten. The key word FORGOTTEN, not actually trying to learn from because I have already done so. Summarize: Undergrads in the early stage don't buy this book! For upperUndergrads who are thinking about going on to grad school or actual other grad students, do buy this book!

A hurried one eats raw.......2004-09-02

As we say in my country, "a hurried one eats raw". Many many mistakes are made in this book. It is a good project of a book, and the star is for this, but I've got a strong doubt that it is good for a student, specially if used as a guide. So many mistakes that I laughed at some of them. Princeton University, well recognised all around the world, should think twice before putting its name on a book.

Princeton Guide to Advanced Physics.......2001-07-10

This would be a very useful book if it were not for the surprisingly large number of errors. A little more care is required to produce an updated and corrected edition. A new edition to eliminate typos, errors in derivations, and to provide a lttle more explanation where necessary, would render the book very useful to students and professionals alike.

Cracking the AP Physics B & C Exam, 2004-2005 Edition (College Test Prep)

Average customer rating:

AP Physics
it's okay..
It was ok, a little confusing
The way to go to improve your score.
Simply Amazing

Cracking the AP Physics B & C Exam, 2004-2005 Edition (College Test Prep)
Princeton Review
Manufacturer: Princeton Review
ProductGroup: Book
Binding: Paperback

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ASIN: 0375763872
Release Date: 2004-01-13

Book Description

The Princeton Review realizes that acing the AP Physics B & C Exams is very different from getting straight A’s in school. We don’t try to teach you everything there is to know about physics–only what you’ll need to score higher on the exam. There’s a big difference. In Cracking the AP Physics B & C Exams, we’ll teach you how to think like the test makers and
-Eliminate answer choices that look right but are planted to fool you
-Improve your score by knowing in advance what physics topics are most
likely to be tested
-Memorize complicated physics concepts using simple techniques
-Ace the Free-Response section by practicing on our sample questions
This book includes 2 full-length practice AP Physics B & C tests. All of our practice test questions are like the ones you’ll see on the actual exam, and we fully explain every answer.

Customer Reviews:

AP Physics.......2006-01-15

This book was very helpful.I wish I had it earlier. I used it for a college class (calculus based physics) although it is for high school. I also let a friend borrow it and she was happy with it too.There are a lot of example problems.

it's okay.........2006-01-13

Well, I bought this book because I want some extra help for my AP Physics class. I think that the content in this book is quite good. But the only problem that I have with this book is that for some questions, they do not explain to us how to solve it, and suddenly just throwing some equation, then answer.

It was ok, a little confusing.......2005-05-19

I found this book to be helpful in some ways and in other ways, not so much. The sections on Mechanics were very simple and easy to understand. The Fluid Mechanics and Thermal Physics and the Waves and Optics sections were all easy for me to comprehend. This book was a big help in the Waves and Optics section because we didn't even go over that in class, but I was able to teach myself how to do it. As far as the Electricity and Magnetism, I thought it was extremely difficult to understand and after a while I didn't even bother with it, because I just didn't get it. I don't know if this would be my first suggestion for an AP Physics B review book, but it was ok, just a little confusing.

The way to go to improve your score........2005-01-18

This book contains everything you'd want to know about both AP Physics tests. Everything is written clearly and makes perfect sense, even if you're teacher is useless (trust me, mine is). I've taught myself entire sections using this book alone. I have no doubt that this will improve my score on the AP Physics test.

Simply Amazing.......2004-11-19

While taking my AP Physics course, I realized that I needed help...fast. I knew that there were suppliment books available, but none like this book. Everything that you could need - and nothing more - is contained in this book. The examples given are similar to what I've experienced in class, but given with much more detail and explanation. This book has been an invaluable tool.

Cracking the AP Physics B Exam, 2008 Edition (College Test Prep)

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Cracking the AP Physics B Exam, 2008 Edition (College Test Prep)
Princeton Review
Manufacturer: Princeton Review
ProductGroup: Book
Binding: Paperback

General | Test Prep Central | Reference | Subjects | Books
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ASIN: 0375428461
Release Date: 2008-02-12

Book Description

Scoring high on the AP Physics B Exam is very different from earning straight A’s in school. We don’t try to teach you everything there is to know about physics—only the strategies and information you’ll need to get your highest score. In Cracking the AP Physics B Exam, we’ll teach you how to

·Use our preparation strategies and test-taking techniques to raise your score
·Focus on the topics most likely to appear on the test
·Test your knowledge with review questions for each physics topic covered

This book includes 2 full-length practice tests. All of our practice questions are just like those you’ll see on the actual exam, and we explain how to answer every question.

Cracking the AP Physics B Exam has been fully updated for the 2008 test.

Cracking the AP Physics C Exam, 2008 Edition (College Test Prep)

Average customer rating:

Cracking the AP Physics C Exam, 2008 Edition (College Test Prep)
Princeton Review
Manufacturer: Princeton Review
ProductGroup: Book
Binding: Paperback

General | Test Prep Central | Reference | Subjects | Books
Similar Items:

ASIN: 0375428542
Release Date: 2008-02-12

Book Description

Scoring high on the AP Physics C Exam is very different from earning straight A’s in school. We don’t try to teach you everything there is to know about physics—only the strategies and information you’ll need to get your highest score. In Cracking the AP Physics C Exam, we’ll teach you how to

·Use our preparation strategies and test-taking techniques to raise your score
·Focus on the topics most likely to appear on the test
·Test your knowledge with review questions for each physics topic covered

This book includes 2 full-length practice tests. All of our practice questions are just like those you’ll see on the actual exam, and we explain how to answer every question.

Cracking the AP Physics C Exam has been fully updated for the 2008 test.

Average customer rating:

Princeton Guide to Advanced Physics -
Alan Tribble -
Manufacturer: Princeton University Press-
ProductGroup: Book
Binding: Paperback
ASIN: B000O06IBG

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ON FIRST LOOKING INTO HOMER'S ILIAD: EXPLORING THE BARD'S DRAMATIC ARTISTRY
ARTHUR , D. KAHN
Manufacturer: AuthorHouse
ProductGroup: Book
Binding: Paperback

Classics | General | Literature & Fiction | Subjects | Books
ASIN: 142082628X

Book Description

"I enjoy Homer in his own language. I thank on my knees, him who directed my early education, for having put into my possession this rich source of delight, and I would not exchange it for anything which I could then have acquired, and have not since acquired." -Thomas Jefferson It is an extraordinary phenomenon of Western literary history that European literature originates with two epics that continue to excite admiration after nearly three millennia. Those who must content themselves with reading the epics in translation, of course, cannot hope to share fully the unfailing delight experienced by such a fluent master of ancient Greek as Thomas Jefferson and may be tempted to dismiss as hyperbolic his pronouncement: "Homer the first of poets, as he must ever remain." Like the plays of Shakespeare and other monuments of Western literature, Homer's Iliad is a work of inexhaustible richness and complexity in which every verse impels the action, deepens the characterizations and contributes to the psychological opulence within a tapestry of recurring images and themes in a masterly interweaving of past, present and future within a skillfully evolved architecture. In the last centuries poets in every generation have sought to recapture the wonderment of the epics by producing new translations. In On First Looking into Homer's Iliad, the author of the highly praised The Education of Julius Caesar invites readers to explore book by book and often line by line the complex artistry of the epic portrayal of men at war. He is confident that after such an investigation readers will be receptive to Jefferson's enthusiastic judgment.

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