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Day 47 – May 2, 2020

The first Saturday in May… The Most Exciting Two Minutes in Sport… The Run for the Roses… even if you know nothing whatsoever about horse racing, you’ve heard of it. And if you’ve ever been flipping channels on some random first Saturday in May and stumbled upon it on NBC, perhaps you stopped and took it all in. The Kentucky Derby — up to 20 horses, all of them among the best 3-year-olds in the world.

Since 1875, every single year… through two world wars, through the great depression… without interruption… until today.

The pomp, the pageantry, the intrigue, the expectations, the finely-tailored suits, the elegant dresses, the big fancy hats, the mint juleps, the magnificent horses, the colourful jockeys, the call to the post, the singing of “My Own Kentucky Home”, the post parade and… of course… the race itself. For the first time since… ever… Churchill Downs is empty today. Louisville, Kentucky, home of the derby (and Muhammad Ali and KFC) is a relative ghost town. All of it postponed until the first Saturday… in September.

NBC, who has held the broadcasting rights to the race since 2001 and who blocked-off the usual 3 hours of coverage, managed to fill it with some excellent content… jumping between past and present day. The only word to describe the opening shots… haunting. The show opened to several pans of Churchill Downs, completely empty. Not a soul in sight. If you’d told me 6 months ago that that’s what we’d be looking at, I’m not sure I could’ve come up with a scenario to explain it, short of World War III — but even then, the previous two didn’t stop it.

There were lots of present-day isolated interviews, a re-run of the 2015 Kentucky Derby, and all of the storylines leading up to its winner (and eventual Triple Crown winner) American Pharoah. And then, the coolest part of it, especially being a tech-guy… they ran a simulated race with the best 13 of the historical winners — all 13 triple-crown winners battling each other. Their lifetime past-performances, meticulously and professionally put together by the folks at The Daily Racing Form, thrown into a simulation and rendered beautifully. I must admit, it was exciting to watch.

Secretariat won this virtual race, really to nobody’s surprise. He was voted “Horse of the Century” for a reason and, again — if you know nothing about horse racing, at least go to YouTube and pull up his Belmont Stakes win in 1973 — that’s all you need to see.

Secretariat was the betting favourite in all but one race he ever ran, and he was the betting favourite today. And… interesting stat, if you look at any racetrack in the world, from any period of time… the rate at which favourites win is remarkably consistent… between 32% and
36%.

An interesting thing about that… odds are not set by a bookie; they’re set by you and me. These days, odds in racing fluctuate as people bet on different horses, and so the horse on which most money is bet… is the favourite. That means, roughly one third of the time, the crowd consensus is right. Which means the majority of the time, like 2 out of 3 times, everyone is wrong. Not totally wrong, because, after all, it’s a horse race, and anything can happen.

Which really summarizes where we all are today. Nobody is at Churchill Downs sipping mint juleps (the provider of mint to the track is stuck with two tons of it). Nobody is anywhere, really… but we’re slowly emerging. So let’s pretend we’re all racehorses, all of us with our individual styles, all of us trying to win. Some of us like to sprint to the front and hope we hang on. Some of us like to sit mid-pack and make a late move. Some of us like to sit far back, let everyone else get tired, and then take a huge run at the end.

There are a few issues that can arise. Like if you are the type that likes to run out in front of everyone, but you had a bad start and after a few steps, everyone is ahead of you. Or you like to come from way behind, but nobody is running that fast and nobody is getting tired enough for you to have a chance to make up ground. Or you’re sitting happily in the middle of the pack, but unfortunately can’t find any room to make a move when it’s time because you’re blocked on all sides, by the rail or other horses. It was a great plan… but now it’s time to course-correct.

Some of us want to sprint back to work, or at least want others to do so. Some of us want to hang back until we feel we’re comfortable making a move. Some of us will just go with the pack and see where it takes us. And some of us, like two thirds of us, if you stick to this metaphor… will probably wind up going about things differently than we’d planned. And, of course, this is a humungous racetrack that’s thousands of miles all around, with 7 billion horses and staggered starts and a lot of conflicting bets and misaligned interests… so yes, the metaphor falls apart, but the general idea of it is the same… we’re all running in the same direction trying to reach a common goal. The biggest difference is that this race can have lots of winners, not just one… and the strategy that we run with (or is imposed upon us) can make a huge difference. It will make a big difference — all the difference.

Let’s all run an intelligent race, and get to that finish line safely.

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By Horatio Kemeny|2020-10-08T01:24:30-07:00May 2nd, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Sports & Gaming, Philosophy, Art & Literature|Tags: Horse Racing, American, Hope, Work, Idea, Money|16 Comments

Day 46 – May 1, 2020

One Saturday morning in the Summer of 1982, I hopped on a couple of buses and made my way to the Robson Square Media Centre, which at the time was the city’s busiest (and perhaps only) place where conventions were held, located around the perimeter of the skating rink, now part of UBC.

I was there because there was a computer convention going on… one of these pioneer computer shows, long before the rise (and fall) of Comdex.

I went around checking out the cool technology of the day, and gravitated towards a few booths with familiar names. One of them was Microsoft, and I got to chatting with a guy who didn’t look too much older than me, some geeky skinny teenager with whom a I had a great chat about the newly-released Microsoft Flight Simulator… a game which I was a huge fan of, and continue to be. I’m sure if the hours spent on MS FlightSim counted towards real pilot hours, I’d be qualified to fly a 747 by now. I had no idea about that company’s corporate structure or who this guy might be; I just appreciated that somebody “official” with the company found time to chat with this pesky little kid, and listen to his thousand questions and suggestions. Nice guy, whoever he was (his name-tag said “Bill”). A year or two later, I realized who that had been.

Sixteen years later, I was sitting at a $1/$2 limit hold’em table in The Mirage poker room in Las Vegas when the PA system paged “Bill for one-two, Bill for one-two”. And shortly after that, Bill Gates sat down a few seats away from me with a few hundred dollars in chips, just like any other regular Joe. And for the most part, he was treated as such; just one more person trying to play his game. I said “nice hand” to him at some point, after he outplayed me and took some of my money. But that was the extent of my interaction with him, and that was the last time I saw him in person.

My definition of knowing someone might be: When you bump into them on the street (6 feet apart these days!) and you both know each other. There are problems with that definition, because sometimes one person knows the other, but not the other way around. More than once, somebody has come up to me like they’ve known me all their lives with a huge hello, how are you, what’s new, how’s work, etc etc. And I have no idea who they are. They look familiar, sort of… maybe? Awkward. More awkward is when both of you know that you should know each other — and probably you do, from somewhere… but neither is sure…. “Oh yeah, hey… how are you? …how’s… uhhh… the family, yeah the kids, how are the kids, gosh they must be getting so big by now, how old are they? Oh yeah wow, how time flies, hey we should get together and have lunch or something… yeah, for sure, have your people call my people and set something up, haha. Yeah, cool, seeya”….. ok, who the hell was that… Super Awkward.

And actually, I guess that two very famous people who’ve never met could bump into each other on the street and know exactly who the other is, but they don’t actually know each other.

Anyway, by any definition, I don’t know Bill Gates… but I’ve been following what he’s been up to for most of my life… he’s gone from the guy who co-founded Microsoft to the guy who ran Microsoft to the guy who stepped back from running Microsoft to the guy who retired entirely from Microsoft, to pursue other things. And one of the things he’s pursued is the foundation he set up, along with his wife.

The Bill & Melinda Gates Foundation is involved in sorts of things, many of them hugely ambitious — the sort of thing that requires teams of supremely qualified people, and billions of dollars. Thanks to his life’s work and success, he’s able to provide both… and seeks to tackle things on a global scale: education, health, poverty, access to information and technology. For everyone.

Among his epic pursuits: he seeks to eradicate polio, he pours money into HIV research and treatment and he provides vaccinations for poverty-stricken countries. Thanks to him, deaths from measles in Africa are down 90% in the last 20 years.

So when Bill Gates starts talking about a potential vaccine, it’s worth listening, and he’s had a lot to say. Some of the highlights include his explanation on how a process that can typically take 5 years could be compressed into just 18 months, by overlapping parts of the process that typically would be done sequentially. For example, instead of waiting for a confirmed, tested and approved vaccine before mass-manufacturing, why not scale up the production of it while tests are still ongoing? At worst, it’s not good, and you just throw all that away… but if it works out, you’ve saved months or even years. There’s a cost to that, of course — throwing money at a problem sometimes means throwing the money away, but sometimes money can buy time, and this is one time where we all agree it’s worth it. And where would that money come from? Bill’s foundation is throwing $100 million at it — that’s a good start. Others are joining in as well. There are more than 100 vaccine-seeking research teams hard at work around the world, and probably 10% of them are onto something potentially viable. Human trials have already begun — something way ahead of the usual time-line. All of this, and much more, is worth reading on his blog.

And by the way, it bothers me greatly to hear the stupid nonsense being said about Bill Gates by the conspiracy-fuelled Covidiots whose version of reality somehow involves an evil Bill at the top of a convoluted mess of theories that make no sense at all. They’re not worth repeating, but feel free to “research” it if you want a good head-shake and laugh.

I know some people reading this know Bill Gates personally… a couple from my tech world; fellow geeks who’ve been working closely with Microsoft for decades. And from my horse world; Bill & Melinda’s daughter Jennifer is an accomplished show jumper, and the equestrian world is a small one…. so if any one of you see Bill any time soon, please tell him I say hello, and thank him for what’s he’s doing — from all of us. Of course he’ll have no idea who I am, but that’s ok — truth is, I’d like to “meet” him for a 3rd time in my life. Have his people call my people and set up a lunch, or something.

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By Horatio Kemeny|2020-10-08T01:24:47-07:00May 1st, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Politics, Business & Economics, Science of COVID-19, Sports & Gaming, Philosophy, Art & Literature|Tags: Research, Game, Education, Horse Racing, Money, Deaths, Work, Idea, Vaccine|0 Comments

Day 23 – April 8, 2020

Back in 2007, a friend approached me. He’d started a company some years earlier, and it had reached a turning point. We talked about what it needed to take it to the next level, and I saw enough potential in it to get involved. He was the CEO, he had a vision, and I shared it. OK, let’s do this. As part of it, I also brought in one of my closest friends, and together we built it from a handful of people to an industry leader. In reality, those two built it with their day-to-day hard work. I just threw in my two bits when needed. Early last year, we sold it to a much larger company. A very nice success story.

Yesterday, I had a Zoom call with those two. One of them is the former CEO. The other is the former president, but still runs what used to be our company as a subdivision.

And it wasn’t a great call… just an update to let us know that our acquirer, themselves now facing top-line revenues that were 15% of original projections, had to let a lot of people go, including many of the key people who’d help build our success story. It knocked our piece right back to 2007. The worst part of it was hearing the names… these great, talented people who’d been such an integral part of building this thing… all out of a job.

Also yesterday, I had a very nice chat with a reporter who covers horse racing. She wrote a very nice article which you can see directly below this post. As much as it was a discussion about me and these posts, it also got into a much larger discussion with respect to the horse racing industry and the people it employs… including her. A sports reporter without any sports to write about… now what.

Like so many businesses and industries and people these days, very few have worst-case scenarios designed to deal with zero revenue. A pub might have a great month because the weather was good and the patio was open and jammed with people enjoying the sunshine. Or what could have been a great April and May were not, because the Canucks missed the playoffs. The guys in the offices have lots of fancy spreadsheets where they plug in numbers and run lots of different “What If” scenarios. But none of them ever plug in zero at the top, because zero at the top means you don’t have a business. Unless you’re Apple, and sitting on hundreds of billions of dollars in cash, you’re presently in completely uncharted territory.

Having had that discussion about horses yesterday, I woke up this morning really missing it. This beautiful sunny morning, exactly the sort of day where in that parallel universe — the one where the Canucks clinched a playoff spot a few days ago and are preparing for round 1 — I’d be heading off to the backstretch at Hastings Park, where I’d park myself at the gap, the rising sun behind me to the East, and watch horses, some of them mine. The smell of the barns, the hay, the horses, the mud. The sound of distant hoofbeats getting louder as the horses approach, and then fade away as they round the turn. The sight of these beautiful animals in full flight, sun glistening and steam rising off their bodies. Words don’t do it justice… but if you’ve never experienced it, that might give you some idea.

And then there’s the people, of course. I miss that crowd… the backstretch of any racetrack is its own society, and for lack of a better way of describing it, a “flat” one. Whether you’re the wealthy owner writing cheques or whether you’re the hard-working groom who’s up at 5am mucking stalls, everyone is there for the same reason, that same passion. Anyone can — and does — talk to everyone else, at the same level. An eclectic collection of peers. But there is also a big difference… for me, this is just a hobby. For them, it’s their livelihood, and in some cases, their home. There is uncertainty at every level.

Those of you who think you’re considered to be nothing more than expendable little cogs in a big machine… I assure you, you’re not. Whether you were writing software or serving beers or mucking stalls… and now, for the moment, are not… there is someone, somewhere… in a cramped little office, after a sleepless night, stressed out looking at a scary-looking spreadsheet. That spreadsheet these days has a lot of red numbers. And that guy feels bad. Really bad. Not because he’s not rolling in the cash, but because he knows you have rent to pay and mouths to feed. He wishes he could do more for you, and in many cases, he does. He wants that light at the end of the tunnel as badly as you. He wants you back at work. He wants to have work to give you.

I think if I ever had to go to prison, and were given a choice…. one option is a 10-year sentence. The other, unknown: you might get out tomorrow. Or, you might never get out. Every day, the same thing. Maybe you’re going home today. Maybe you’re not.

Given what I’m experiencing today… indeed, what we’re all experiencing… I think I might go for the 10 years. That’s a dreadfully long time to be locked away, but at least you can wrap your head around it. Set goals, set expectations, figure out how you’re going to fill that time.

I think what a lot of us are feeling these days is the despair that comes along with the uncertainty. Tell us when we can get back to normal goddammit… just tell us. I get it, and I feel it too. I don’t have the answers either, but one of these days I’ll give my version of what I think that finish line looks like… because there is one… the when and how. It’s on the horizon, but nobody is quite sure how distant… yet.

For now, we’re here today, so let’s look at some numbers…

It wasn’t a great day out East, as far as numbers go… but it’s actually not as bad as the first impression might imply. Ontario saw an increase of 550 confirmed cases, which is a jump of 11.6% from the previous day… but the average increase over the last three days there is only 9.3%… and the 3 days before that were 13.1%. And the three days before that were 17.9%. While I’m at it, let’s do the same for Quebec… their 3-day average daily increase including today is 7.9%. Three days previous, 13.2%. And the three days before that, 17.3%. As far as trends go, this is exactly what you want to see. A one-day spike doesn’t necessarily imply a sudden, drastic turn of events. Indeed, here in B.C. we saw 45 new cases… which is the highest one-day increase in 5 days. But then again, it’s only an increase of confirmed cases of 3.5% over yesterday.

Everyone — just listen to your respective chief medical officers. And if you don’t like what yours is saying, listen to ours — she’s awesome, and she’s right. We’re doing it. It’s working. It’s not magic; it’s science. But we’re not there yet. Stay at home, physically isolate, and do your part… we’re getting there.