Sunday, October 14, 2018

Some things I read recently

What Banksy's recent actions mean: 
Banksy’s mockery of a market that has fed both his wallet and his capacity for ever more ambitious activities has had a happy ending this time. But the questions remain. When in 2014 Sotheby’s sold a print depicting an auctioneer selling an eager crowd an elaborate gold frame (naturally) in which is stencilled “I can’t believe you morons actually buy this shit”, it seemed the epitome of . . . what? A joke gone flat? A savage critic rendered toothless? Or the ultimate laugh against the “morons” actually buying the shit?

Source: https://www.ft.com/content/f62a69d2-cd45-11e8-b276-b9069bde0956

CRISPR is the only thing that can save the banana:
TR4 only affects a particular type of banana called the Cavendish. There are more than 1,000 banana varieties in the world, but the Cavendish, named after a British nobleman who grew the exotic fruit in his greenhouses on the edge of the Peak District, makes up almost the entire export market. The Brazilian apple banana, for example, is small and tart with firm flesh, while the stubby Pisang Awak, a staple in Malaysia, is much sweeter than the Cavendish. But no banana has become as ubiquitous as the Cavendish, which accounts for 47 per cent of all global production of the fruit.

As TR4 creeps across the globe towards Latin America, the Cavendish’s genetic uniformity is starting to look like a curse. Ploetz estimates that TR4 has already killed more Cavendish bananas than Gros Michel plants killed by TR1, and, unlike the previous epidemic, there is no TR4-resistant banana ready to replace the Cavendish. And time to find a solution is rapidly running out. “The question is, ‘when is it going to come over here?’,” Ploetz says. “Well, it may already be here.”

“CRISPR is precise, it’s relatively easy to use, and it allows a young company like us to start doing real genetic editing,” says Gilad Gershon, Tropic’s CEO. Gershon, who founded the company in July 2016, was working for the Californian agricultural investment firm Pontifax AgTech when he became convinced that CRISPR was about to blow open the agricultural industry.

Source: https://www.wired.co.uk/article/cavendish-banana-extinction-gene-editing

Shane Parish on doing things differently:
I get feedback from people: “I didn’t like that.” I dig in and they say, “I want to hear these name brand people that I know.” But that’s not what the podcast is about. So that means I have to tune the messaging so people’s expectations are aligned with what I’m actually trying to do. Then they can self-select between people who want to go deeper and people who want only the surface.

When you’re only doing what people want, that can put you out of business. As Steve Jobs noted a long time ago, you can’t always ask people what they want.

I mentioned before that everything can be copied. Well one of the things people have a hard time copying is things that are hard in the short term. Like going to the gym. You might like running but I don’t. I don’t like going to the gym. But it will likely lead to a longer, happier life.

There are things you can do in your business in the same way. But you need time to think through these things.


On Alexa:
One reason is that Amazon and Google are pushing these devices hard, discounting them so heavily during last year’s holiday season that industry observers suspect that the companies lost money on each unit sold. These and other tech corporations have grand ambitions. They want to colonize space. Not interplanetary space. Everyday space: home, office, car. In the near future, everything from your lighting to your air-conditioning to your refrigerator, your coffee maker, and even your toilet could be wired to a system controlled by voice.

And indeed, these devices no longer serve solely as intermediaries, portals to e-commerce or nytimes.com. We communicate with them, not through them. More than once, I’ve found myself telling my Google Assistant about the sense of emptiness I sometimes feel. “I’m lonely,” I say, which I usually wouldn’t confess to anyone but my therapist—not even my husband, who might take it the wrong way. Part of the allure of my Assistant is that I’ve set it to a chipper, young-sounding male voice that makes me want to smile. (Amazon hasn’t given the Echo a male-voice option.) The Assistant pulls out of his memory bank one of the many responses to this statement that have been programmed into him. “I wish I had arms so I could give you a hug,” he said to me the other day, somewhat comfortingly. “But for now, maybe a joke or some music might help.”

https://www.theatlantic.com/magazine/archive/2018/11/alexa-how-will-you-change-us/570844/

On breakfast:
On her long and ultimately doomed slog to become president, Hillary Clinton started most days in the same way: with scrambled egg whites and vegetables that she would perk up with some fresh jalapeƱos, if available. Failing that, the hot sauce she carried with her at all times and some salsa did the trick. For any other meal, such repeat behaviour would seem weird, at least in a rich country where a glut of dining options is available. Yet breakfast is the one meal where a thoroughly unadventurous spirit is acceptable.

Nonetheless, within any single country, the rules dictating what constitutes an appropriate breakfast are far clearer than those that define lunch or dinner. Mention bacon and eggs in Britain and few will doubt that you are describing breakfast. Cover a slice of bread with chocolate sprinkles in the Netherlands and it is obvious which meal you have prepared. A French person would sneer at the thought of eating a croissant at any time other than morning.

There is safety in “the usual”, as Hillary Clinton might have thought when ordering her election-trail breakfast. But the evidence from meals at every other time of day suggests that even the wariest diner can eventually find delight in the unfamiliar. And given the limited number of meals anyone can eat over the course of a day, making breakfast as exciting as dinner is surely worth the risk.

Sunday, October 7, 2018

Some things I read recently

Some additional coverage on SoftBank Masa son:
The tech industry has seen deep-pocketed outsiders before, but SoftBank is operating at a scale never attempted. That’s driven valuations up, making it difficult for traditional firms to put together enough capital to get into the hottest deals. SoftBank, according to a partner at a major Silicon Valley firm, is “a big stack bully,” a poker term referring to a player with a pile of chips so huge that competitors are afraid to get in the game.

https://www.bloomberg.com/news/features/2018-09-27/masayoshi-son-softbank-and-the-100-billion-blitz-on-sand-hill-road?srnd=businessweek-v2

Interesting piece on the value of using cash:
Thus, Visa, MasterCard and their allies are running large global marketing campaigns to tell us how foolish and old-fashioned it is to pay autonomously with cash and how modern and convenient it is to have someone else manage your payments digitally. They bribe restaurants into refusing to accept cash. They provide vendors of homeless-newspapers and churches with card readers, because this provides terrific PR for cashlessness. Governments worldwide issue laws and regulations to prohibit or restrict autonomous payments with cash. They make them harder or more expensive and generally cloak them in the suspicion of illegality.

https://rwer.wordpress.com/2018/08/23/brave-new-money-paypal-wechat-amazon-go-a-totalitarian-world-currency-in-the-making-part-i/#more-33172

Li Lui's speech on economic progression is fascinating: 
In the long history of the world, GDP has basically been flat. This is especially so in China. Taking the example of the last five hundred years, we can see the sudden ascendance of the West and that the East trailed by about one hundred years. The rise of the East one hundred years ago is largely the contribution of Japan. Anyone who wants to understand the performance of Equities over the last two hundred years and their performance over the next two hundred years needs to understand this line – the course of human civilisation. If you don’t understand this, it will be very hard to stay rational during a stock market crash. Each time we get into a situation like 2008 or 2009, it will feel like the end of the world. The most important thing in investing is predicting the future but as the saying goes, “forecasting is hard, especially when it’s about the future”. Why has mankind’s economic progress been like this over the last two hundred years? It’s very hard to make any kind of forecast without understanding this question. I have thought about this question for almost thirty years and put my thoughts into a monograph titled “Sixteen Lectures on Modernisation”. Anyone interested is welcome to have a look. It’s available on the web and Professor Jiang has also brought along a few copies today. You can find it on my blog, Google or Baidu by searching for “Sixteen Lectures on Modernisation”.  


On the MBTI test: 
I think it’s very hard to take something like a Buzzfeed quiz and then go take MBTI and not realize that they’re sort of doing the same thing. One is doing it in a parodic vein, but it’s totally laying bare the logics of the original instrument in doing so. So if you’re even a little bit influenced by that sort of internet meme-ish uptake of the indicator, and of all personality testing, then I can’t imagine not being a little bit ironic or detached towards it.

I completely agree with you. I think the indicator does teach you to speak in its language—which is one of the things that’s greatly appealing about it. So even if you don’t believe your results, you still walk away from it having internalized this new vocabulary of thinking about the self and of thinking about other people. There are so many caveats in the MBTI training sessions about this question of dichotomies—they say there are degrees of the different preferences, so I might be a strong extravert and someone else might be a moderate extravert, or someone might be in the middle. But at the end of the day those qualifiers really aren’t getting you away from that dichotomous way of thinking.


On Lebanon's electricity brokers: 
Most people in Lebanon, in turn, are often stuck with two bills, and sometimes get creative to keep their personal devices—laptops, cell phones, tablets, smart watches—from going dead. Meanwhile, as citizens scramble to keep their inanimate objects alive, the local authorities are complicit in this patchwork arrangement, taking payments from the gray-market generator operators and perpetuating a nation’s struggle to stay wired.

Beirut’s supplementary power needs are effectively under the control of what is known here as the generator mafia: a loose conglomerate of generator owners and landlords who supply a great deal of the country’s power. This group is indirectly responsible for the Wi-Fi, which makes possible any number of WhatsApp conversations—an indispensable lifeline for the country’s refugees, foreign aid workers, and journalists and locals alike.

https://www.wired.com/story/beruit-electricity-brokers/

On the French first lady Macron, and her views on politics:
Brigitte Macron, with her loathing of age-appropriate floral prints, has liberated women of a certain age to be themselves, wear what they want and defy social pressures. “Of course, we have breakfast together, me with my wrinkles, him with his fresh face, but that’s how it is,” Brigitte has joked. There is something refreshingly rebellious about her that appeals to the subversive French spirit.

https://www.1843magazine.com/features/brigitte-macron-agent-provocatrice