I love Ricky Jay's magic, his books, his quarterly magazine, and his performances. Jay is a talented magician and a fascinating storytelling historian of magic, con artists, and sideshows. He's certainly a more talented magician and a more knowledgable historian that Stone. And Jay rightfully calls out several errors of fact that Stone made in Fooling Houdini.
But even so, I finished Stone's book because I was fascinated by his story. He starts by recounting his tragically humiliating disqualification at an international magic competition (he was the only magician to get "red-lighted" in the middle of a performance -- the equivalent of getting "gonged"). So ashamed was he by the unceremonious ejection from the stage that he gave up magic and pursued a post-grad degree in physics.
Eventually the lure of the conjuring arts called him back, but this time around, Stone got serious. He sought mentors, practiced incessantly, researched magic history, and read up on the psychology of deception and the limits of human perception.
Then Stone experiences his magic-related tragedy. He wrote an article about his experience at the magic competition for Harper's, in which he explained how some of the tricks were done. Fellow members of the magic society he was a member were incensed by his violation of the magician's code and tried to drum him out. Determined to defend himself, Stone hired a lawyer and was able to keep his membership. The experience seemed to make him even more determined to continue on his magical journey.
As a result of his work and research Stone became a better magician and gained respect for masters of the craft, including Jay, whom he writes of reverently in his book. When Steven Levitt of Freaknomics interviewed Stone and asked him what he thought of Jay's WSJ review, Stone said, "That guy's a legend. It's an honor even to be criticized by him."
(Clive Thompson, Joshua Glenn, and I discussed fooling Houdini on the most recent episode of Gweek.)