Showing posts with label ideas. Show all posts
Showing posts with label ideas. Show all posts

Tuesday, April 27, 2010

Four papers i wanna write if I'm ever patient


Local Organizing in a Global World: The Marginalization of Bright-eyed Idealists
(Post-industrialization has largely worked itself through the developed world, this means more and more problems are driven by external forces fundamentally outside the control of communities or would be activists. An organizer in the Rust Belt today might do better to work in New Delhi. But what does this mean for the identity or prospects of the individual who wants to affect positive change?)

The Evolution of Real versus Derived Profits on Wall Street from 1970-2010
(This information is so proprietary- but I imagine the shift from primary to derived assets would be interesting. There is no normative judgment that derived or synthetic profits are bad, but it's a macro analysis I don't know that's been done. Additionally, a larger real asset base only potentially provides a broader base for structured income products. At some point though, productivity necessitates actually making something in the first place.)

Prisoners Just Want Community: Lessons in the Green Prisons Movement
(This idea of hardened criminals wanting to cut the pesticides out of the prison yard, or compost their food or install solar cells is very interesting. What motivates this? Boredom? Manipulation? Atonement? I assert that if prisoners had access to these programs in the first place they might never have committed crimes, as the green movement connects people profoundly not just with a broader purpose, but an entire community. Parole programs could incorporate these services into their programs as both service and therapy.)

Speed of Thought as Speed Bumps for Information Transmital
As the vectors of information delivery expand and accelerate now on a seemingly annual basis, the rate limiting step of our ability to celebrate or appreciate, yet alone digest, information may increasingly be our innate capacity to process such exposure. In 2005, the email checking and AOL searching of 2000 seemed pedestrian, and in 2010, the blogging and i-tuning of 2005 seems pedestrian compared to our tweeting and i-padding, and there's little to suggest it won't be the same in 2015- my guess would be in the direction of integrated devices reaching out to us, rather than passively responding to our requests, based on the many known preferences it has compiled from our routine requests, a sort of Amazon suggested purchases feature for all media across all platforms. Yet I find myself sometimes simply unable to make sense of everything I see before me, the children's book Where the Wild Things Are turned into a major motion picture turned into a digital dowload turned into an instant App on my i-pad, to watch on the side as I work an excel sheet and check my blog-feed. There is more that I want to watch and do, and am now capable of, than I could ever complete. In these moments the brain almost freezes akin to a hardrive. Which one to open? Which to prioritize? In other words, there may be a limit to how useful such devices may be, the rate limiting step being our thoughts patterns themselves.

P.s. - As Goldman Sachs testifies today, I have a hard time understanding the allegations and think the SEC's case is going to have a hard time (it was only voted out by 3-2). Goldman was selling income streams from insurance on mortgage debt (synthetic CDOs) to two global institutions that engaged in this all the time. Any transaction necessitates a buyer and a seller, the idea that these funds would go long by buying in assumes there is a counterparty that would go short. It's immaterial what Goldman thought of the deal, they are the market maker. The funds requested assets of a certain type to buy, Goldman obliged, and in the process consulted with individuals of varying perspectives. For someone to make money on long positions, there has to be another party willing to cover the positive spread if they are proven wrong, which would be the shorts. Our regulatory system is about 30 years behind the curve and needs to be upgraded, but this vilification of the bankers society collectively depends on for basic finance as well as investment finance can at times look like a modern day witch hunt, or the populist version of McCarthyism. I am no deep sympathizer with speculators, particularly in the non-deliverable commodities sector, but last time I checked people are innocent until proven guilty. Also, derivatives need to be regulated, but this can be done through registries, clearinghouses, or exchanges, or some type of self reporting. Why the fixation on exchanges? Most of these contracts don't even involve public entities, they should just report their balance sheet to the SEC/CFTC and be done with it, John Q. Public doesn't need to be able to Google their proprietary deals so we can hear a bunch of mindless quipping and potentially damaging adjustments to market confidence.)

Tuesday, July 28, 2009

Come on down


When most people hear the word ‘mentoring’ they probably think of something like troubled teens breaking windows, or take your daughter to work day, or some medieval apprenticeship in axe smelting. Or maybe a couple junior partners ensconced in wing-backed chairs sipping vintage chardonnay while talking about penetrating market share. But they don’t usually conjure up images of themselves, at least not concrete ones. Mentoring has become a chore, a vehicle to log community service or pad a resume or atone guilt.

But for many young professionals, the familiar path for attempting to develop a meaningful career goes something like school, internship, cold calls, email solicitations, happenstance job postings, and submitting applications like buying lottery tickets. Getting a job you actually really want, or honing useful experiences in a field, is about as deliberate as falling through a trap door. It kind of either happens or it doesn’t. Harvard either sends you a big manila folder or a wafer-thin legal envelope. That principal either calls you for a second interview or fades into utter oblivion. You show up the first few weeks of work and either realize you found something that genuinely makes you happy and productive, or you realize you didn’t need the last 8 years of school to answer the phone when it rings or discuss 1970s cultural trivia with co-workers you can’t stand. It kind of just happens. And in the 21st century, innovations and widgets and databases designed to mute this uncertainty and randomness seem to just accelerate it. Now instead of a few job postings we’re not sure we’re interested in, we can see a thousand, or instead of five bosses we don’t know we want, we can network with fifty. But going in for that first face to face in some downtown office or stately board room while being offered free drinks and being peppered with questions still seems just as ice-cold evolutionary as antelope crossing the Serengeti. Degrees and core competencies and letters of recommendation may get you in the door, but you still either sink or swim. It’s all decided usually in matter of minutes or hours, or if you’re lucky days. There is rarely that trial opportunity, an environment that isn’t so clearly and awkwardly motivated by self interest. I want this job, you want to finish the paperwork and successfully close a headhunt, so just try to resist my effusive charm and unrestrained intelligence. The fact is most people think they’re more insightful and unique than they could ever hope to be, and so this shock and awe approach to dream career acquisition usually goes about as well as its military equivalent.

The reality is we can more easily follow a feed of Britney Spears’ daily caloric intake than vaguely describe what it is we want to do every day with job title ‘fill in the blank.’ We develop a better rapport with our cleaning ladies than we do with people we may potentially spend a majority of our waking hours with. Years of school and imagined lives and aspirations and resumes are crushed together in one giant professional particle accelerator, and it either spits out a job you like, or maybe consumes your life as fuel to swallow the universe whole in one giant eternal black hole. We test drive cars but not careers, we rate 30 second youtube clips but not vocations, we try on a pair of slacks at the mall but not a job offer, we scorn Wall Street bonuses but know we just wish it was us on the receiving end. And in these little gaps is where I think there is a role for mentoring. Mentoring can be more than trying to save people from entering the penal-justice system or reduce an uptick in attrition. Mentoring is where droves of teenage aspiring financiers can have a fail-safe environment to test their assumptions, and would be engineers can stress-test career pathways before they commit hundreds of thousands and years of their life. It's where people can actually pick up and hold that big shiny prize they've coveted forever. It's where people can discover what they want and what they like.

There’s a billion gray-haired professionals populating skyrise cubicle farms, slogging through subways in yellow sweat-stained polos, negotiating morning rush hour at the Starbucks drive-thru, sifting through folders of porn on the weekend, who deep down know they want more. And there are at least as many religiously, compulsively anally driven twenty-somethings whose main mental construct is centered around getting a usually painfully generic big break that will deliver them from their current stalled ascent up the career escalator. Seems like supply and demand groping for a market. And rather than unite them in a high-stakes, hire or fire, promote or shelf, judge or patronize, win or lose, zombie dance, how about actually try it, whatever it happens to be. This is why I created Plategro.com. And while I think it has a likelihood of success about the same as an AIG subprime mortgage getting paid back, I think it’s good to dream.