Perry Mehrling's amazing book has
Perry Mehrling's amazing book has inspired Arnold Kling to write a series of six essays on the role of financial markets in the modern economy. The first four are available now and are titled Elvis and Fischer Black: Analyzing Perfect Capital Markets, The Economy as a Food Court, Slicing the Pizza in Perfect Capital Markets and One Price for Risk.
Comments
Perry Mehrling as written a very inaccurate book with lots of untruths and inaccuracies. I have discussed many of them with him and his publishers and they really do not care. I was told that it was his opinion! I mean how did my honeymoon with Fischer get to be Perry's opinion. Note that near the beginning Perry himself says that Fischer and I rented an office and hired a secretary. Later towards the end of the book when Perry really gets worked up about his imaginary ideas he gets carried away and says that I actually rented an office and hired a secretary. This to show that I wanted Fischer to be in business? Which was it. Fischer and I rented the office and hired a secretary or did I have so much negative input and distaste with Fischer's profession that I actually FORCED FISCHER TO GO TO AN OFFICE THAT I RENTED WITH A SECRETARY THAT I HIRED. Perry is really not accurate. Anyone who knew Fischer would know that what Perry was saying was from someone who did not know Fischer. Fischer and I were married on July 15,1967. On July 16th we boarded a plane in Boston and left for a London and Paris honeymoon. That is a fact!! There was an air traffic control strike that caused circling over CT for a long time before landing in NYC to catch out overseas flight. I was exhausted and told Fischer that I did not want to go. We were standing in a line to board the next flight in NY. We then checked into a hotel with no luggage and had no luggage as it went on to London. The clerk smirked as we said that we were honeymooners. We rented a car and got our luggage and drove back to start our marriage in our new home on Jason St in Arlington. Perry prefers to write that Fishcer cancelled our honeymoon to go to a conference or something. That is nuts and once again Perry knows it. I met Fischer when my roommate and I had him over to dinner when his fiancee, Fran, died. Fischer then invited Roberta and me back to his apartment at 334 Harvard Street and since Roberta was unable to go, I asked Sandra. There are even pictures of this. Perry does not care. He prefers to say that Alan Loss was dating someone from Simmons who invited me. This was in 1967. Roberta and I graduated in 1964. Fran and Fischer had taken Roberta and I to a party to meet two doctors in Jan 1966. Fran had trouble walking as she had ALS. Roberta and I invited Fischer over after Fran died to return a favor to a friend. Perry has some very very wrong opinions and does not state the truth in much of this book. I never wanted Fischer to leave his academic profession. His father was the one who used to ask Fischer when he was going to get a real job. I used to tell my friends how terrible I thought that was. Fischer made very good money consulting when he was a professor. In 1979 Fischer made 179,000 I think it was. IN 1978 Fischer made 145,000. I told this to Perry as a fact stating that why would I want him to leave academia? Perry said that he did not know that consultants made that kind of money??? I mean he says he had interviewed people like Myron Scholes and others. Perry makes up things and he is not truthful. I said that I did not want to be included in any way in his book. He writes an acknowledgement saying that I provided help etc. The publishers actually said that it was help in getting one picture of the girls. I said to read the acknowledgement and to see if it read as a thank you for getting a photo! One imagines that Perry would like to have some think that he is telling the truth. He has made so many things up to fit his need to have someone carry this book along that he just got facts wrong all along. When I told one of my daughters that the book said that before Fischer's illness. there was a movement at Goldman Sachs to have Fischer retire, my daughter said, " He has so many other things wrong, what makes you think that this is correct?" I can only say that Perry Mehrling does write about the man that I knew and he makes up things and passes them on as fact. Keep that in mind as you rave about his book.
Posted by: Mimi Black | January 27, 2006 12:10 AM