Generation ADHD

25 07 2008

Do you ever find yourself in one of those conversations where you wonder how you got through high school without a cell phone? Or how people were ever productive without email?

I was in a conversation that was heading that direction, but it took a turn. I found myself asking, “What would I do without the Internet? Could I make it through an entire day at work completely offline? How about a week? a month? And then I thought, “How did my grandparents work their entire careers without ever checking a score on espn.com, or catching up over IM, or taking a few minutes to watch someone get hurt really badly on YouTube?” Basically, how could you just…work?

That’s the thought that caught me off guard. I started feeling pretty flighty for how dependent I am on the Internet, and how weak my generation’s work ethic seems in comparison to our parents and grandparents. We’ve done some great things, no doubt, but could we survive 40 years of selling insurance to names in the White Pages? I don’t think I could.

I got my first email address when I was 18. First cell phone at 21. I stumbled into Napster at 22, first used instant messenger at around 23, joined my first social network and tinkered with day trading at about 24, started my first blog at 25, and discovered the wonders of RSS that same year. Sometime during all of that I created accounts on eBay, Amazon, Flickr, and started texting but I couldn’t say exactly when. Now a few years later on any given day I’m on several of the above plus Facebook apps, a couple forums, Techmeme, iTunes, and whatever beta signup Techcrunch is giving away that day. Thank goodness I’ve mostly avoided Twitter so far, but the iPhone app store has proven too much (if you like your job and want to keep it don’t download Enigmo).

What’s funny is I always have considered myself a hard worker. I even have this get-down-to-business quote by Lance Armstrong within arm reach of where I’m typing this post:

“Everybody wants to know what I’m on. What am I on? I’m on my bike bustin’ my ass six hours a day. What are you on?”

Ignore the fact that not too long ago I wrote a post on work. I’m nowhere near my Grandpa, a farmer in his 90’s who still pulls his boots on six days a week. And that worries me a bit.

The Times (UK) published an article that accuses pretty much all of us of chronic distraction. It says we have fallen slave to hundreds of daily interruptions – mostly perpetrated by the Internet – and that they’re slowly ruining us. Sounds a bit Chicken Little, but it obviously resonated enough to make me read it. OK I skimmed it. (3 chat windows open at the time, can’t keep people waiting.)

Taken to its logical conclusion, how does this end? It ends with my generations’ contribution to the world marginalized by millions of little ding! noises. Our media consumption habits are the dietary equivalent of cotton candy, yet we’re expected to solve some of the toughest problems our world has ever faced.

Has technology made us more efficient? Absolutely. But we’re kidding ourselves if we think we can equal our parents’ accomplishments without equaling their work ethic. At some point, we’ve all got to simply disconnect and get back to work (1). I’m not calling for an all out boycott of the web. I’m just saying that we all could stand to hit refresh a few less times each day, and set the bar a little higher on where we invest our attention. It’s not just required of us, we wouldn’t expect anything less of ourselves.
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(1) I see the irony in publishing this on a blog, but I don’t think blogs – good ones at least – are the culprit. (This does not apply to Perez Hilton.) Blogging is a great way to vet ideas, and “there is nothing more powerful than an idea whose time has come.” (Victor Hugo)





My new friend Tina from China

15 07 2008

Dear friend (wow, I feel like we ARE friends),

     I am Tina Meihwa from China (Hello, I am Bill from United States), I send you this message because I think everyone need health (You know you’re right, what have if no health?). You are healthy enough (Oh stop), but nobody refuse to be more healthy. Maybe you are beautiful girl, maybe you are handsome boy, or grandmother (Tina, you know me so well), we congratulations on your health . We produce infrared sauna rooms to help people become much more strong, much more beautiful, handsome (This sounds perfectly safe Tina, please go on).

     …We mainly use the global SPA phototherapeutics(?!?) through human body’s five senses: sight, smell, hearing, taste and touch to please their mind and body, Which can make people’s dream come true such as healthy, beautiful and joyful (Healthy, beautiful, and joyful being the 3 inalienable rights).

Best regards,
Tina Meihua

I’ll be sure to post a review of my new global SPA phototherapeutics infrared sauna room just as soon as the funds clear Mr. Muhammadu’s account in Nigeria (I know what you’re thinking, but this is rock solid – he’s the son of the Minister of Tourism).





Warren Buffett bets hedge funds can’t beat the market

10 06 2008

Fascinating news from money.cnn.com: Warren Buffett reaffirms his distaste for sophisticated investment vehicles, this time putting up some serious cash to back it up. Well, serious for me. Probably not for him.

The Sage has bet Protege Partners, a fund of hedge funds, $1 million (sort of – more on that in a minute) that, net of all fees, the Vanguard S&P 500 index fund will beat the average of 5 funds of hedge funds chosen by Protege over the next 10 years. Although it’s not disclosed, you can assume that Protege itself is one of those 5. The bet took effect on Jan. 1 of this year. Each party put up $320,000 to purchase a Treasury bond that will be worth $1 million at the end of the bet, at which time the money goes to the winner’s charity. This is apparently a standing offer that Buffett made in May 2006.

Seems to me that Buffett is just toying with these guys. “Sure, I’ll take your bet. Knock yourself out, kid.” As for Protege, they already got their money’s worth. Not everyone gets to make a bet with Warren Buffett, let alone a big one. However, if Buffett wins (60% likely according to Buffett, 15% likely according to Protege) I’m sure it won’t be reported. It’s no longer news when Buffett makes the right bet. Now if Protege wins, then they’ll make a big deal out of it. But this bet is all about the PR value right now, not financial performance 10 years from now. In that respect, Protege’s money was well spent.

As intriguing as hedge funds are, I’m an index fund guy – I subscribe to Mark Cuban’s theory that the best investment is made with an information advantage, which you and I don’t have in public companies. However, it’s simply not practical to invest your meager savings in startups where you can have an information advantage. That leaves index funds as the most reasonable investment. Fees, transaction costs, and management expenses drain most mutual funds and hedge funds of the really good returns. I’m with Warren on this one.





My worst nightmare

3 06 2008

I love cycling. That’s why I probably take notice more often than your Average Joe of car-related cycling deaths, which happen all to frequently.

So when I saw this image on CNN, I literally gasped:

Be careful out there people. And please – PLEASE – watch out for cyclists.