Truths & Connecting Dots

Don’t tell me, let me guess:

Guns don’t kill, people do.

In this most recent case, 25 miles from Columbine.

Two of the 114 truths in my book ‘What I Really Think - The Deep End Chapters”(link) are:

#3 (page 7) - ‘We forsake opportunities to learn from the past, so we repeat them.‘  I wrote:

“A very interesting thing happens when you get into your 50s.  It really starts to kick in that many life events start repeating themselves.  History indeed is on a circular path.  You start to ‘cycle through‘ another war, another Enron financial debacle, mining disaster, salmonella outbreak or yet a new recession.  We recycle the ‘preventable‘ accident, and we’re shocked all over again when there’s another shooting at a school.  It happens over and over again.”

And:

#21 (page 42) - ‘Never underestimate the power bloc of the Stupids.‘   I wrote:

“I take a contrarian point of view when politicos and talking heads on the news shows advise us not to underestimate the intelligence of the electorate.  When I look at the political scene in the United States, I see how easily leaders can instill unbridled fear and anger in uninformed people on complicated issues.  And to add fuel to the fires, large ‘nations’ of people get easily sucked into the broadcast trap set by personalities intent on profiting from the fishing frenzy of hatred and vitriol.  Once a lot of people get consumed by fear, and it becomes part of the lexicon, all hell breaks loose, and once-thoughtful people starting saying and doing things that are, in a word, stupid.  In addition, they start to rationalize and protect their stupidity by denigrating intelligence.”

I am so tired of these shootings happening over and over again, I’m numb.  And of hearing politicians piously proclaim we should ensure it never happens again.   It’s not in God’s hands, the guns are in our hands.  

I am now going to try to connect some dots, sort of a one-degree-of-separation exercise, with some things that have been percolating for me the last couple of weeks.  I rarely do this on my blog; I spent years writing my books, finishing them with a tremendous sense of satisfaction that I was sort of ‘done’ with figuring out all conditions human!  I continue to have enormous comfort that I’m able to go back to my ‘truths‘ as my base whenever almost anything comes up that needs processing.  Yes, it’s sort of ‘been there, done that’, and it’s a new added dimension to my journey these days.  But now I wish to revisit some of these truths and try to tie a couple together.  

I have recently watched back to back the first four episodes of Aaron Sorkin’s newest project, ‘The Newsroom’(link).  I have always been a huge fan of his, particularly ‘West Wing.’

The show features an ensemble cast with the actor Jeff Daniels as a Republican-registered, main anchor Will McAvoy of a fictional cable news network, Atlantis Cable News (ACN).  The network tries to put the truth in the ‘center’, and go from there, an obvious departure from certain existing cable networks primal mission to twist facts and worse yet, make them up, in an attempt to get ratings and impact political outcomes.  Watching episode #4 last night, in which part of the ACN broadcast reported on the ‘lie‘ that the far right promoted that President Obama in his first two years of office actively sought to pursue pro-gun control, was particularly powerful in light of recent events.

Which brings me to another point that’s been bugging me in recent months, speaking of news anchors.  I have long been a fan of NBC Nightly News.  For years I watched Tom Brokaw as my go-to news guy, followed by Brian Williams.  But Brian is starting to piss me off.

Obviously, reporting on weather, to include the fires that are related to it, must score high with focus groups and ratings, because Brian Williams leads with it constantly.  And  there is an obvious uptick in recent years in the severity of storms and meteorological events and the havoc that ensues, to include record-setting drought, flooding, high winds, you name it.

I was in Rome last Saturday and while walking around the city came across this chart outside a building with a sign indicating that it was part of some government department tied to meteorology.  I see charts like this all the time in the weather section of The New York Times by city, and I’ve seen the glaciers melting  in Montana and in Alaska, but there was something about seeing it far away from home that jarred me, if only a record of four days; it didn’t matter:


The facts are that the world is getting warmer, causing both higher highs, higher lows, and sometimes lower lows.  If you don’t think the world is getting warmer, then in the 1970’s you didn’t think smoking caused lung cancer.  Or that countries that have a lot of guns have a much higher rate of shootings.  This is called being a science or truth denialist.  It involves denying science or truths until the avalanche of evidence is so overwhelming that you are forced to accept it or them.

So, to connect the dots, for me anyway:  Oh, how I long for more Will McVoys to run news shows and for more elected officials that embrace truth and science.  Our moral compass on gun control and climate change would take us on such a different path than the one we are collectively on now.

And the next time Brian Williams reports on fires in Colorado or drought in Kansas and asks Weather Channel’s Jim Cantore, incredulously, “Jim, what’s happening out there,”  I’m going to continue to do what I’ve been doing recently, yell back to the screen:  “Brian, for God sakes, can you hear yourself?    It’s called climate change”! 

We're off and processing loans...

I am on the board and am lead investor of a Madison-based startup, Thompson Kane LLC (link), which is starting as a licensed mortgage bank.  We are now brokering residential home mortgage loans in primarily Dane County, with much bigger future plans in store, in an industry that has been upended since the 2008 financial crisis.  Talk about opportunity.   Need a residential home loan and live in Wisconsin?

Arrivederci Roma!

We arrived in the US from Rome last night, and before this day of catchup gets into high gear, here are a few shots from the last couple days of our trip.  We tried something different this visit, and stayed at a hotel overlooking the city, which was a slam-dunk, major highlight:

My ongoing search on menus in the US for fresh calamari that isn’t fried is not an issue in Italy!  And the scampi is an added bonus!

 

Thanks to a very reliable source :), we enjoyed what are considered to be top venues for coffee (cappuccino at Caffe Sant Eustachio) and granitas (a semi-frozen desert a bit like sorbet, at Creameria Monteverde), both near the Pantheon:

I can never, ever get too much pietra dura!  So going into churches in Rome are just incredible, I am in awe of the level of craftsmanship and attention to detail.  The work in marble is truly magical:

French & Italian Riviera

They are keeping us hopping with all the day excursions, but here are some highlights.

St. Tropez:

Monte Carlo:

Nice:

St. Paul de Vence:

And today, Portofino, taken from the incredible Castello Brown:

Catalonia, Spain

Fun exploring the cities of Girona and Figueres in the Catalan region northeast of Barcelona, starting from the coastal town of Rosas.  Highlights included:  in Girona, the Jewish Quarter and the Arab Baths:

Paella for lunch:

Salvador Dali museum that the artist personally set up in an old theater in his hometown of Figeres:

Barcelona Recap

As we head out of the port and depart Barcelona, a couple closing thoughts and photos.  This place is terrific, very clean, fun, and all the great things you’ve heard about it are true.  People are polite, and there’s just a really nice vibe here.    

Our hotel, Alma, was outstanding.  Hip, without the W Hotel pulsating techno-beat music and the culture of obsessing of being ‘young’.  Five star, #1 rated on TripAdvisor for high end hotels, get the executive suite (it’s reasonable as these things go), it’s a huge room with high ceilings, in fantastic central part of town.  I’m not kidding, this place is great. The staff aims to please.  And this - no more room key or card:

   

Trip highlights:  Joan Miro and Pablo Picasso museums:

Restaurants were great:  Tapas 24,  and at Moo last night, for desert had the 'Trip to Havana’, which paired a mojito inspired topping over rum cake, with a chocolate cigar with - GET THIS - smoke from a real Partagas infused in cream as a filling, with ashes made from sugar.  Very different!

And the public food markets are a treat.  The Boqueria is the most famous, but we also really liked the Mercat de Santa Caterina in the Born.  

They just LOVE their fish.  They present their tuna at market like Americans showcase our beef!

Probably the big surprise was the old part of the city, El Born.  Lots of fun:

Bon Voyage!

Barcelona

First time trip, making a beeline to the seafood!  

Gaudi’s Sagrada Familia:

Savannah

We are wrapping up manning a booth at the Wild Birds Unlimited Stores Vendor Trade Show, selling ABC Bird Tape to what looks to be around 40 stores around the country and Canada.  Nice incremental step to save even more bird’s lives from crashing into glass in people’s homes.  Restaurants well worth visiting:  Alligator Soul, Sapphire Grill (which carries Death’s Door Gin!) and Elizabeth on 37th.  A lot going on here, including weddings!   And a lot of commerce on the water.

 

Nature Nation

This is a new startup I’m involved in, currently sort of in stealth mode, but we now have a logo that’s pretty cool that I want to share.  If you’re into being outdoors, and having more knowledge about what’s going on while you’re enjoying ‘nature’ is of value to you, then the mobile apps we’re working on will hopefully be of interest!  Coming soon to an iPhone near you!

Change and the Gaps

After writing a couple books about one’s life experiences, you arguably get some closure on a lot of things and arguably are less inclined to more actively post or riff on something you’ve recently seen or heard about.  At least that’s been the case for me.  I’m sort of more in the ‘been there, done that’ mode when it comes to posting, and am more inclined to use my time absorbing some of the incredible content out there, written by masterful wordsmiths.

Having said that, I do enjoy calling attention to people who have an extraordinary lens or crystal ball.  The blogger Bob Lefsetz is someone who has that skill.  While his main audience are people in the music business with a focus on the fast demise of the old business models of selling songs, his riffs extend well into other areas that I think are important:

–how Electronic Dance Music (EDM) is taking over, with the proliferation of mega-rich DJ’s (like Deadmau5, Tiesto and the 17-year-old Avicii), who remix, produce and perform for $100,000-250,000 a gig; it’s about inclusion, not access, for the audience;

–how software coders and app-writers are the new kings of the world; it’s amazing for me to see how so many jobs of the past, that had stature in the eyes of the community and came with really good salaries and benefits, are evaporating before our eyes;

–how in the next few years it’s all going to be about mobile apps;

–how Apple is just going to get bigger and bigger because they are connecting the dots, and the rest of the competition doesn’t have a clue;

–remember the term 'planned obsolescence’?  The change that technology is bringing to our lives is hyper-accelerating (I’ve written about this as well); we are oh so close to the end of the album, the laptop, the desktop, the mega mall;

I have spoken often about how fast things are changing.  But there is more happening here than I originally thought.  From high above looking down at the playing field, we are more divisive and oppositional than we’ve ever been, with major groups at polar opposites.  But all this change will also create greater distance between generations; we’ve always called it a generation 'gap’, that’s nothing new, but I think we’re about to enter a time when the space is wider than it’s ever been, and it’s not going to be easy to bridge.

In no particular order, from the past week

Dicksissels, Eastern Kingbirds, and Willow Flycatchers, just this past week setting up new territories on the property.  Three nights ago we saw fireflies by the hundreds in the fields, a lifelong early season record by weeks that makes you wonder what in the heck is going on.  And tonight this guy is on a glass door, complete with bat-wings; what kind of moth is this?

I never get tired of posting photos from Lookout Ridge, whether Caribbean nice or stormy:

And finally, celebrating the opening of Death’s Door’s distillery:

 

Would I invest in something like this again?

The next generation of radiation used to treat cancer - particle accelerators that shoot a very intense yet precise proton beam, causing less damage to the surrounding tissue – is already in the marketplace, but at only about 40 working facilities in the world.  The challenge?  Design future treatment centers to work in a much smaller space (currently they are housed in a huge warehouse like room) and cost a lot less than the current $100 million price tag.

I invested in this Madison, Wisconsin-based startup, Compact Particle Acceleration Corporation (CPAC), a few years ago.  The good news is that the secret sauce still seems to be encouraging, and there is ongoing technological progress and genuine hope that the first CPAC unit will be commercially available in 2015.

The bad news?  It’s taking forever, and it understandably requires a ton of money to get something to a finished product.  Not to mention, of course, FDA approval, medical insurance reimbursement codes, getting through the long sales cycles at hospitals, etc..  It’s a topic that I didn’t cover particularly well in the chapter on angel investing in my book.   If you decide to invest in a medical device/drug discovery/diagnostic startup, prepare yourself for much more often than not a very long ride, requiring lots and lots of follow on rounds to keep the business going and to finally have completed product, sold to customers around the globe.

Jamie Dimon, just what is that on your face?

In my book ‘What I Really Think - The Business Chapters’, in the chapter On Investing, I make the point: “It’s hard enough to make money in the stock market without the inescapable backdrop of the cyclical market and sector crashes due to the greed and incompetence of Wall Street bankers.”  

These past couple of days we’ve seen similar ineptitude play out in the banking industry by none other than Jamie Dimon, the CEO of JPMorgan Chase, who was arguably the one top guy who escaped The Stink forever now attached to those cast of characters who back in 2008-2009 almost took our country to it’s knees.  To his credit, Dimon’s bank had a nearly unblemished record during the financial crisis.

So much for staying 'clean’; Dimon just screwed up royally, and is now destined to have The Stink for the rest of his career.  He will forever now have a black mark on his legacy.

Jamie Dimon is one of those incredibly smart guys who possesses a certain swagger.  It works well for him when things go reasonably well.  But after announcing Thursday that under his watch, JP Morgan took a $2 billion loss as a result of portfolio hedging that got completely out of control, Dimon now fits the mold of the stereotypical banker who has pleaded over the years for less regulation, only to become another poster boy for just why we need oversight.  What is it about their inner workings that they have to push the envelope until they screw up?  They can’t seem to help it; it’s almost like it’s part of their DNA.

The Volker Rule is a regulatory law meant to prevent overly risky trading.  Dimon himself, along with his hired lobbyists, went regularly to Washington and argued strenuously, successfully, for loopholes that would allow for trades like the ones that led to what will turn out to be a ONE BILLION DOLLAR swing in net income performance for the quarter at JP Morgan.   

It’s egg!  Jamie Dimon has admitted as much.  It will be interesting to see how he spins it in the months ahead and when he will no doubt be called to testify again to Congress. 

Next time you buy an organic vegetable...

…remember just how much tender loving care goes into growing and harvesting it, and getting it to your market.  Today had the opportunity to tour an organic farm run by Nick Lapham, fellow board member at the American Bird Conservancy, prior to our meeting.  Wow, is this process labor intensive.  I was blown away with the attention and passion of the people on his farm.