Books like A Conspiracy of Paper

I didn’t read Liar’s Poker until fairly recently.

I started working for Dow Jones Newswires during the dot-com boom and saw how greed could drive markets. I worked through the housing boom in the Aughts and the financial crisis, and then started covering bitcoin around 2013. So by the time I got to Lewis’s book, I had a good understanding of how people can become obsessed with money.

But Lewis is just such a good writer, and has such insights into how markets work, that a book about bond buyers in the 1980s still feels like it’s about people trading so many other things today. 

I love the way Wolfe brings one of the more arcane areas of the financial markets to life - namely bankruptcy workout - and skewers the greed and ambition of real estate investors in the 1990s.

I’m a huge admirer of Wolfe’s technique of writing a novel using journalistic interviews, and I’m struck by the way he nails the characters and actions when he describes how the bankruptcy process works. And all while keeping the reader absolutely hooked on the narrative.

I go back to Wolfe’s novels again and again, not just to be amused and entertained but to get a real insight into the dark heart and often absurd workings of the financial system.

I love the way that Archer turns the dry ins and outs of the workings of the British stock market into an adventure tale. I can’t quite believe how many explanations of market activities he manages to describe and explain in the simplest, most easy to understand terms. All while keeping the action going.

I learned from Archer what short selling is, how Ponzi schemes work, the meaning of insider trading, and how pump and dump schemes are set up and executed. I also learned how flawed the British financial markets were until their reform. A fascinating, highly entertaining romp through the city of London.

I love it because it describes exactly how Wall Street used to work in the bad old days of the early 1900s, before the Great Crash and the Great Depression, before sweeping reforms turned it into what is today. I learned so much from this story about the characters who dominated the Street and set it up for failure.

I see all sorts of parallels with the growth of cryptocurrencies and the scams that surround that industry. I love the way Sinclair describes the Wild West, the ferociously greedy mentality of the players back then, and how he details the machinations of Ponzi schemers and fraudsters before there were any laws barring such scoundrels from doing whatever they pleased with gullible investors’ money.

Like other private detectives, LA-based Lew Archer sees too much—too much bad or at least questionable behavior. Here, it seems to take the form of a runaway—a rich kid who has “escaped” confinement from his exclusive 60’s reform school. Despite his lack of style and color, Archer acts confident he’ll find him. The only problem: The parents—his client—aren’t helping him very much.  

His disappearance case threatens to disappear, providing an especially clever irony and supporting what I believe is author Macdonald’s favorite insight: The problem begins and ends in the family. The only question is, with all the darkness the parents create and Archer encounters, will he see enough to solve the case? I love this story, in part, becomes it’s more noir than any other Lew Archer story. 

One thing I really like about this mystery novel is the way it is told from multiple points of view, which is a very unusual technique in mystery fiction. That’s one reason that it felt, to me, so much like a literary novel.

The first character is a brilliant, tortured artist named Margot, who is already dead at the start of the novel. The second character is Kate, an ex-cop turned P.I. who is hired to find Margot’s killer. 

Both women are compelling, interesting characters, but I especially liked the way Kenna renders the hero, Kate. She’s a single mom in recovery from a drug addiction. Her ex is a creep, and most of her old (male) cop colleagues are, too. Her struggle in solving the case felt completely real and human to me. And that’s the signature quality of literary fiction.

I love the character of Kinsey Millhone because she’s so human and relatable. Her life is messy; she gets herself caught up in situations where she knows she ought to let things drop but just can’t let them go, and she has a kind heart. She also has the endearing quality of being self-deprecating and not taking herself too seriously.

This book is set in the 1980s, and I enjoy seeing Kinsey’s legwork to solve her case without the benefit of mobile phones or the internet. I also love her relationship with her elderly neighbor and how protective she is of him when she feels that new people in the neighborhood are taking advantage of him.

Los Angeles private eye Happy Doll is ticking along nicely, subsidising his detective work by protecting the women at a Thai spa massage parlour from over-amorous clients.

Everything is hunky-dory until he gets into a ferocious fight with a customer who ends up dead. Well-crafted crime noir that manages to be witty and quirky as well as occasionally violent, with pleasing echoes of Marlowe and Lew Archer.

Another writer-hero, Anthony Horowitz writes as himself in this page-turning whodunit. Well-known for his television work on Midsomer Murders, Poirot, and Foyle’s War, Horowitz knows how to craft a mystery. When ex-cop turned private investigator Nathaniel Hawthorne approaches Horowitz about ghostwriting a book about his cases, Horowitz isn’t interested. Annoying and eccentric, Hawthorne isn’t someone Horowitz wants to be around, let alone write about. But when a famous actor’s wealthy mother is murdered six hours after planning her own funeral, Horowitz gets pulled into the investigation anyway. Though very much a Sherlock Holmes and Watson relationship, Hawthorne and Horowitz are more adversarial, making them an entertaining team. You want them to be friends, but then again, you don’t. The word isn’t just murder, but funny, engaging, and endearing, too.  

I love a woman who’s hard to love.

Tough, even prickly on the outside, but with hidden softness that leads her to unexpected places. She doesn’t know herself well and often stumbles over her own stubbornness…until she embraces vulnerability and accepts herself as she is.

That’s Agatha Raisin right down to the ground. Clearly intelligent, highly motivated, dedicatedly independent, strong to her core, yet when she strikes out on a new life path, she fumbles nearly everything and has to learn the hard way how to start over. 

There is humor in her journey, too, keeping things light even when murder and social discord show up. And, as with Ruth Galloway, tantalizing hints at an unlikely romance kept me coming back for more.