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Day 68 – May 23, 2020
Imagine a good old-fashioned campfire. The kind where you roast old-fashioned marshmallows and sing Kumbaya. Much like the kind many of you will be enjoying around here soon… as long as you’re a B.C. resident. Works for me… a policy I very much agree with, especially if we’re all being told to not leave the province. Here’s a great advantage to living in Beautiful B.C. — we have world-class everything at our disposal.
But imagine you’re sitting by that campfire, and you have an old-fashioned 1,000-page phone book that you want to burn entirely. There are right and wrong ways of doing that. For example, you can tear out one page at a time, scrunch it into a little ball, and throw it into the heart of the fire. What will happen? That little ball of paper will burn to a crisp 100% of the time. And if you do that for every page, you will have a 100% success rate if the intent was entirely burning that phone book.
But what if you throw the whole phone book in there? It’ll catch on fire, for sure… the entire brick of paper will be burning.
But eventually, when everything has gone out, what will be left? Chances are, that phone book will not have been entirely consumed. It’s a big thick block of paper, and oxygen probably couldn’t reach the very center of pages 470 to 530. There will probably be some fragments of paper that’ll still have some legible print on them.
Would it be fair to say that this particular fire was only 99.8% effective in burning this phone book? No… it’s not the fire’s fault. It would’ve done the job just fine if you’d given it the opportunity.
Similarly, we’re told hand washing is 99 point whatever percent effective in disinfecting your hands. Well, not quite — it’s actually 100.0% if you do it right. As it happens, COVID-19 is pretty fragile… and to make a long chemistry story short, the virus is wrapped in fat, and soap annihilates fat. Whatever armor the virus had while trying to hop from host to host — is gone. Common soap is as effective as alcohol in wiping out this virus — perhaps better — unless you have the necessary concentration, like what is found … [Continue Reading]
Day 67 – May 22, 2020
During high school, I came to the realization that there are two basic ways of learning. One is simply memorization. The other is actually understanding the subject matter and being able to apply it in a more generalized form, mappable to new situations. Some people are good at both. I’m really only good at the latter. And I suppose some people… neither.
Imagine someone who is awful at math, but memorizes the times-tables all the way to 99. You can ask them 73 x 96, and they know 7,008 instantly. But ask them 2 x 100 and they have no clue. Do they really know the subject matter? I worked with a lady once who told me how she’d missed the day they’d learned the seven-times-tables.
“Really? What’s 7×3?”
“I don’t know.”
“What about 3×7?”
“Oh, that’s easy. 21”
“Yeah… but… ok, what about 7×8?”
“I don’t know!”
“But 8×7…”
“56”
“You realize that if you just flip the numbers around, it’s the same… like 7 times anything is always the same as that anything times 7.”
“…. oh. OK, sure”.
I’m sure she didn’t quite get it, but kudos to her for finding a way to “learn” something, using the tools at her disposal. But that’s kind of the thing. I’m not sure how useful those sorts of math skills can possible be if you don’t really understand. Many animals can be trained memorize something, but it doesn’t mean they understand it.
Here’s a neat trick for you… quick, what’s 8% of 50? If that has you thinking for more than 2 seconds… flip it. What’s 50% of 8? That works for any percentage. You’re welcome.
One time, in grade 10, we had to memorize some Shakespeare. It was a long passage from Julius Caesar that starts with “I cannot tell what you and other men think of this life, but for my single self…. yadda yadda…” It goes on for a long time, and I struggled for 2 whole days trying to memorize it. I am genuinely in awe of Shakespearean actors… I honestly think it’d take a lifetime to memorize an entire play. The thing is though, once I “know” it, I know it forever. That long passage I just described, I guess you could … [Continue Reading]
Day 66 – May 21, 2020
As talented as I’ve been with computers from an early age, the dream out of high school was to become a rock star. It’s funny now, given the direction my life has taken… nobody looks at me and thinks, wow — that guy… total rocker. It’s not just tattoos and piercings and stories from the road that are missing… it’s actually the talent. The real reality check came in first year university, where my intention was to do a lot of music and a little computer science. It very quickly became evident to me that pursing a life of music would be tough. I was surrounded by people notably more talented than myself, and all of them were prototypical starving artists. This was going to be a steep uphill. So I switched, focused on computers… and decided to keep music around as a hobby, and perhaps one day down the road, figure out a way to be involved. Just not on stage. I am so happy to have recognized that I was, initially, wrong.
There’s nothing wrong with admitting you’re wrong. It’s a genuine sign of maturity. I’ve learned to enjoy being wrong, because I welcome the learning opportunity. It’s like… my entire life’s experience has led up to this point, where I just made a decision… and it was wrong. 50+ years of knowledge wasn’t enough to get it right; let’s figure out why. And the number doesn’t need to be around 50 — that applies to everyone, at every age. One day you’re a kid and one day you’re not, but still… maturity and taking responsibility and holding yourself accountable… is independent of that.
Do you remember the exact moment where you went from almost-adult… to adult? I actually remember mine. That old grumpy guy yelling at the neighbourhood kids to get off his lawn… at some point, way back when, he was that kid. When did it change? For me, I was on the seawall… somewhere between Granville Island and Stamps Landing. This is when I lived near Granville Island, so I was around 27. I was just standing there, minding my own business, watching the mountains or water or whatever, when some kid came flying by on rollerblades. Like, flying… and actually — well, he didn’t hit me, … [Continue Reading]
Day 65 – May 20, 2020
Some years ago, I travelled down to Santiago, Chile, and stayed at a “W” hotel. I’d never stayed there, but it was in the area I needed to be, and why not try something new. I don’t usually do well in “W”-type hotels because it’s just not my scene. I get that there’s an entire demographic that loves that sort of stuff, but for me… being in a place that’s trying too hard to be hip and cool, it just comes across as pretentious, Bright purple colours, edgy art, a DJ during what’s supposed to be a quiet Sunday brunch, a lobby that feels like a nightclub and is full of people who aren’t guests — but just want to be seen there. In trying to emulate what they think is hip and cool, they lose the message. And when you couple that with cultural differences… what you end up with is what greeted me shortly after arrival, when I called down to housekeeping. They answered, and here’s how it went:
“Whatever”
“Umm… hello….?”
“Yes, Mr. Kemeny… what can I do for you?”
“Oh… hi. Yeah, do you have any extra coat hangers? Could you please send some up?”
“Whatever”
“Uhhh… sorry, what?”
“Yes, right away… someone will be up right away with some hangers.”
“O…K… great. Thank you.”
“Whatever”
She hung up, and I sat there thinking about it. I totally get where they think they’re coming from… it’s their “W” motto — “Whatever, Whenever”. It’s plastered all over the walls, as in, “Whatever you want, Whenever you want it”. That message is clear and appreciated and exactly what you’d hope for in a boutique hotel. But in trying too hard, and not quite getting it, it comes across as incredibly rude and dismissive.
Don’t get me wrong, I found it amusing, and completely embraced it for my entire stay. I’d get in the elevator, and someone from the hotel staff would say hello, and I’d say…. “Whatever!”, with a big smile. Walking out the front door, the doorman would wish me a good day and I’d reply, “Whatever!”, and give him a nice tip. It became my de-facto reply to everything, especially because it’s often what I’d feel like saying anyway. Still or … [Continue Reading]
Day 64 – May 19, 2020
These little walks down memory lane, like yesterday’s piece on Mt. St. Helens, always seem to stir up something else… that I likely haven’t thought of in ages. Indeed, yesterday’s piece started off about a Sunday morning, with me describing how I was just sitting there reading… and nobody has asked me what I was reading, but I will tell you anyway… it was the stock-exchange listings from the previous night’s Vancouver Sun. And if you’re wondering why is an 11-year-old kid was reading stock prices on a Sunday morning 40 years ago, I’ll tell you…
Our grade-6 teacher had created a very cool one-month project. We would all get to buy and sell stocks, all starting with a virtual $1,000, and he would track it on a big chart in the classroom. Every day, we would submit our “trades” — buy this many shares at this price, sell this many at that price. He would do the math and track everyone’s profit/loss. We would submit our trades every morning, along with where we’d gotten the price — The Vancouver Sun or The Province.
There wasn’t really much research that could be done on it… at best, you’d have day-old news to contemplate, and anyway, we were in grade 6… who’s doing any sort of real research, and even if we did, to what end… whatever we might come up with would already have been built into the stock price. But it was a fun exercise, and of course, it grew very competitive, watching everyone’s graph-lines wiggle up and down from day to day. For the most part, people were picking stocks by names that sounded good, or maybe familiar. By the end of two weeks, a few lines had started to separate upwards… and I wasn’t one of them, and it was bothering me. And it didn’t seem like lucky guesses. These guys knew something.
As it turns out, indeed they did; their fathers were stock-brokers or somehow involved in business where they had access to better information. My dad was a mining engineer, so at best he suggested a few mining companies that were exploring for gold… but they weren’t going anywhere in a hurry. I needed to find an edge.
Arbitrage is the simultaneous purchasing and selling of an asset, where … [Continue Reading]