Friday, December 16, 2011

Empty Middle Seat

Years ago I met a very rich person.

This very rich person had so much money that if he just invested it in a money market fund, he would earn more in one day than I earned in an entire year. His net worth was at least 10,000 times greater than mine.

We had to fly to meet with him. While on the plane I fantasized what it would be like to have so much money.

At first I thought of all the things I could buy. I was earning enough at my job at the time to support a U.S. upper-middle class lifestyle, so I already owned the things I needed. All I could buy with my newfound wealth were things I didn’t need. And while it would surely be neat to own a private jet, a beach house, a zeppelin, or a 100,000-book library, I wondered whether owning these things would be more trouble than they were worth. I feel guilty enough having 25 unread books on my shelves: how would I feel surrounded by 99,900 unread books?

I suppose I could hire people to deal with most of the hassles that would come with the new things, but then I’d have to deal with those people. It wouldn’t be hassle-avoidance as much as it was hassle-transference.

I would quit my job if I had all that money. My time would be all mine. That would be a benefit.

But then I got to thinking of all that money sitting in the bank not being spent on zeppelins. I would have to do something with it. Think of all the suffering I could alleviate with my wealth. The guilt of letting it sit there without me doing anything with it would be overwhelming. But giving money away isn’t easy. Charlatans would swarm. And even if I could avoid them, there was a danger that in trying to do good I could do bad. If I gave away fish, would people forget how to fish? (I suppose today I could give it all to Bill Gates, but at the time I wasn’t aware of his foundation.) So giving away so much money would take much of my time. I’d be leaving one full-time job for another.

I imagine a big attraction of being really rich is you get a huge bump in status and, I suppose, power. My personality is warped, though, so I avoid anything that would make other people pay attention to me, and I have no desire to make anyone do anything. I prefer to be left alone. With so much money, I could secrete myself in a mountain hideaway like a Bond villain, but then I’d need a small army of security guards to keep people away. Not quite the kind of anonymous solitude I seek.

With so much money, another concern is that nothing would ever be good enough for me. Every day I’d ask myself why my day wasn’t better. If anything went wrong, why wasn’t it right? If something tasted good, why didn’t it taste great? Today I am a very accepting person. I tend to make the best out of whatever I have. With unlimited funds available to satisfy my every need in the most satisfying way possible, would I be so willing to accept the less-than-perfect? I’d probably drive myself crazy. My life would devolve into a Twilight Zone episode.

Our meeting with the rich person went well. A little too well, in fact, as we got so immersed in the issues we were discussing that we lost track of time. Then one of us realized that if we didn’t leave soon, we’d miss the last flight back.

The very rich person looked perplexed, as if the idea of missing a flight had never occurred to him. It probably hadn’t. He offered to have his private jet take us back, but one of his people reminded him that the jet was in maintenance, so he apologized for keeping us so long and we scrambled back to the airport and just barely made our flight.

We were flying Southwest, my favorite airline. I love its no-nonsense approach. I snagged an aisle seat and waited for the rest of the passengers to board, hoping none took the middle seat next to me. No one did. An on-time flight with an empty middle seat: does it get any better than this?

And that’s when I realized how close I’d come to disaster.

If the very rich person’s jet had been ready, we would have flown back on it. That would have been my first trip on a private jet. And after flying once on a private jet, would a Southwest flight with an empty middle seat ever again be all I needed for a great flight?

It still is.

Thursday, June 09, 2011

The Banker, Take 2

He’s an investment banker. I’ve known him for ten years. “Known” only in the working sense, never in the social sense. His bank is one of the banks that works with my company, so when his bank does a deal with my company, he sometimes shows up on our team, and when that happens sometimes I’m there too, and we end up working together. Sometimes closely. For a while.

We’re not friends, but our relationship is always friendly. That’s because he’s a banker, and bankers are programmed to be friendly no matter what. Even when they’re stealing money from you, they smile all friendly-like.

Years ago he pulled a fast one on me, claimed I’d agreed to pay his bank a ridiculously high success fee. We went back and forth, he ended up going behind my back, pulling rank on me. It got very unpleasant with my superiors and he got a little of what he wanted and that was way more than he deserved and I solemnly swore I would never speak to him again. I didn’t really care. Plenty of fish in that fetid sea. I was glad to be rid of him.

Then a few years later there he was on my doorstep again, all jolly and happy with a mandate from a higher-up in our company (and a sizable fee discount) and suddenly it was let bygones-be-bygones and onward-and-upwards and arm-in-arm all over again. Nothing I could do about it. Might as well smile and enjoy it. That’s how it is with bankers.

Anyways, there’s something about him that struck me from the minute I first met him. Banking is a macho culture, dripping in testosterone, lots of jocks, thick necks, four-letter words. Even the women bankers swagger. He’s different.

Most bankers love a fight. They live for the moment when they can show their client that they’re fighting for them. He, on the other hand, hates conflict. He can be devious, but he will do anything to avoid an in-your-face fight. “Never ruffle a feather” is his motto. Negotiations with him involved can be excruciating, as he carefully listens to every side, trying to find a way to ensure that everyone’s needs are being met, that the word “no” is never said. In long meetings it is easy to forget who he represents. I often find myself cringing in conference rooms as he strains to find common ground where there is clearly none; on several occasions I’ve had to be the banker, shutting him up and being the one to tell the other side “no.” I hate that about working with him.

He’s also insanely analytical. He actually reads the legal documents and fills the margins with questions and comments that drive the lawyers crazy. You’d be amazed how often the lawyers don’t read their own documents. He recrunches all the numbers in the financials and spreadsheets, often finding errors or thinking of different ways to model things. He’s an equal opportunity nudge, attacking everyone’s documents. By the end of a meeting, everyone who’s brought a document hates him. I love that about working with him.

He’s got to be pushing 50, which is ancient for a banker. His OCD-with-the-documents shtick probably earned him big brownie points back when he was the junior banker on the team, and had nothing else to offer, but now that he’s sprouting gray hairs, that act has gotten old, and only underscores how little he brings to the table. I’ve seen junior bankers on his team roll their eyes as he grabs the room, breaks the flow and demands that we focus on yet another column of figures or still another legal clause he thinks he’s found an error in, holding us all hostage until we either agree with him or convince him he’s wrong.

As I get older I am blessed with a new perspective on life that let’s me better appreciate how people end up. When I was younger I used to think life was more of a meritocracy. Novels and biographies and always emphasized that the top people were the “best” at what they did, clearly implying that that was why they were the top people. Now that I am older and have actually met some of these so-called top people I can see that this is not universally true. Our banker is clear evidence of that, a complete mediocrity, obvious to all, who has managed not only to stay afloat, but to succeed, despite lacking any but the most superficially annoying skills needed to succeed. Clearly life is a lot more complicated than novels and biographies led me to believe. And, thankfully, a lot more interesting.

Looking back, I can appreciate now that our banker’s conflict avoidance issues may have meshed well on some transactions with my, shall we say, directness issues. I have a tendency to do the opposite of our banker, to cut to the heart of the matter, tell the other side in the first minute of a meeting exactly where they are strong and where they are weak, and tell them how their deal ought to be done. Sometimes my approach isn’t greeted as the refreshing blast of fresh air that it is. Sometimes people need some hand holding, need to do the dance, need to finger their worry beads, need to lie down on the couch and talk to their analyst, need to confess their sins, need to analyze the problem twenty-eight different ways and prepare three hundred different models before realizing that my solution is the right one after all. For those deals I guess he brings something to the table that I don’t.

Because, let’s face it, I, too, am a mediocrity, albeit one of a different stripe. I guess it takes one to know one.

Tuesday, June 07, 2011

The Banker

He’s an investment banker. I’ve known him for ten years. “Known” only in the working sense, never in the social sense. His bank is one of the banks that works with my company, so when his bank does a deal with my company, he sometimes shows up on our team, and when that happens sometimes I’m there too, and we end up working together. Sometimes closely. For a while.

We’re not friends, but our relationship is always friendly. That’s because he’s a banker, and bankers are programmed to be friendly no matter what. Even when they’re stealing money from you, they smile.

Years ago he pulled a fast one on me, claimed I’d agreed to pay his bank a ridiculously high success fee. We went back and forth, he ended pulling rank on me, it got very unpleasant and he ended up getting a little of what he wanted and that was way more than he deserved and I solemnly swore I would never speak to him again. I didn’t really care. Plenty of fish in that fetid sea. I was glad to be rid of him.

Then a few years later there he was on my doorstep again, all jolly and happy with a mandate from a higher-up in our company (and a sizable fee discount) and suddenly it was let bygones-be-bygones and onward-and-upwards and arm-in-arm all over again. Nothing I could do about it. Might as well smile and enjoy it. That’s how it is with bankers.

Anyways, there’s something about him that struck me from the minute I first met him. Banking is a macho culture, dripping in testosterone, lots of jocks, thick necks, four-letter words. Even the women bankers swagger. He’s different.

Most bankers love a fight. They live for the moment when they can show their client that they’re fighting for them. He, on the other hand, hates conflict. He will do anything to avoid a fight. “Never ruffle a feather” is his motto. Negotiations with him involved can be excruciating, as he carefully listens to every side, trying to find a way to ensure that everyone’s needs are being met, that the word “no” is never said. In long meetings it is easy to forget who he represents. I often find myself cringing in conference rooms as he strains to find common ground where there is clearly none; on several occasions I’ve had to be the banker, shutting him up and being the one to tell the other side “no.” I hate that about working with him.

He’s also insanely analytical. He actually reads the legal documents and fills the margins with questions and comments that drive the lawyers crazy. You’d be amazed how often the lawyers don’t read their own documents. He recrunches all the numbers in the financials and spreadsheets, often finding errors or thinking of different ways to model things. He’s an equal opportunity nudge, attacking everyone’s documents. By the end of a meeting, everyone who’s brought a document hates him. I love that about working with him.

Looking back, I can appreciate now that his conflict avoidance issues may have meshed well on some transactions with my, shall we say, directness issues. I have a tendency to do the opposite of our banker, to cut to the heart of the matter, tell the other side in the first minute of a meeting exactly where they are strong and where they are weak, and tell them how their deal ought to be done. Sometimes my approach isn’t greeted as the refreshing blast of fresh air that it is. Sometimes people need some hand holding, need to do the dance, need to finger their worry beads, need to lie down on the couch and talk to their analyst, need to confess their sins, need to analyze the problem twenty-eight different ways and prepare three hundred different models before realizing that my solution is the right one after all. For those deals I guess he brings something to the table.

But I’d rather not do those deals. Those are partners I don’t need. In the end, I really hate working with him. I just don’t have the time. Life is too short for all his people-pleasing and detail-obsessing. As my time here feels more finite, I’m more determined to cut people like this out of my life.

Friday, April 30, 2010

Disillusioned

I can see and use a word hundreds or thousands of times throughout my life, barely noticing it, and then one day it magically appears new to me as if I’ve never seen it before.

This happened recently with “disillusioned.”

I’d seen and used this word countless times before, usually in a context meant to convey disappointment, but looking at it the other day I suddenly saw it as if for the first time. Dis-illusion. The removal of illusion. What is so disappointing about being freed from illusion? Why isn’t that a good thing? Shouldn’t disillusion be a happy word?

If you’re living a life filled with illusion, you are, by definition, cutting yourself off from reality. I suppose that could be a good thing if you live in North Korea or suffer from a debilitating disease or are serving 10 to 20 in a state penitentiary, but for most of us I would think that it is better to live a life in the realm of reality. Reality is more likely to give us a meaningful and rewarding existence, particularly when one considers that most of the illusions being spun around us these days are marketing-driven dreams designed to stoke our insecurities to the point where we spend money we shouldn’t on things we don’t need.

So I’m looking forward to more disillusionment and, though I don't want to be greedy, I'm also hoping for some disenchantment too.

Tuesday, April 13, 2010

Vacation Planning

Growing up, our vacations were modest affairs. To save money we traveled by car, we stayed in the U.S., we camped out or stayed in cheap hotels, and we sought out free attractions.

Our goal was more to economize than enjoy. It was as if my parents were being forced to take us on vacation, and were determined to do it as cheaply as possible.

After one particularly miserable vacation, when we returned home hot, sweaty and caked in dirt (no showers or air conditioning), I started thinking the purpose of vacation was, perversely, to make our non-vacation life appear better. It was only after spending a week without a shower, after all, that I truly appreciated the shower in our house.

So upon attaining adulthood, and getting a job, when I found myself earning enough money to go on my own vacation I initially decided against it. Instead of traveling the world, I stayed in my apartment, reading. Pathetic, maybe, but at least I wasn’t hot, sweaty and caked in dirt afterwards.

Then along came a wife and some kids who have other ideas about vacation. Now I no longer spend vacations cooped up in my house reading. Instead, I must travel.

But I do so with conditions:

Having paid a lifetime’s dues as a child, I no longer rough it. Camping is simply not an option, and hotels must be comfortable and quiet. I used to insist that we had to stay in places that were nicer than where we lived, but I can no longer do that.

I do not do sightseeing. The idea of tearing through a country, guidebook in hand, manically snapping photos of every historical or natural sight worth seeing is simply not my idea of fun. If you want to see the sights, buy a coffee table book.

Meeting new people is also not something I like to do. Partly this is because I am not a meet-new-people kind of person, but mostly it’s because my view is that people are pretty much the same wherever you go, so if you really want to meet someone new, walk down your street and introduce yourself to the people you meet there. You don’t need to travel halfway around the world to do that.

So what do I like to do? I do enjoy getting the feel for the rhythm of life as it’s lived in different places. I like to rent a house and just live in a new place for a week or two or three or more. We usually take a few day trips to satisfy my family’s sight-seeing urges, but mostly we just hang around and marinate in a new place.

I have found that vacating-by-marinating works best for me when I am in a place I might actually want to move to. That gets me interested in its culture, its institutions, its immigration policies, its real estate market, how it stacks up next to where I currently live.

For me this is not some idle while-away-the-time pursuit. It is serious. I vividly remember as a kid reading about the build-up to World War II and wondering why more people didn’t get the hell out of Germany when they had the chance. I vowed to myself I would always have one or two back-ups lined up in case, for whatever reason, I chose to leave the U.S. So when on vacation, while my family is enjoying themselves, I am investigating whether I’d want us to move there.

This summer the family is voting for France, but it is very unlikely I’d ever want to move there. I am therefore trying to steer them towards Switzerland, a country that is much higher on my potential-move-to list. And if I really score, I might even convince them to take side trips to Luxembourg and Liechtenstein, thereby allowing me to investigate three countries on my potential-move-to list in one trip.

Looking back at what I wrote above, I can see that my attitude towards vacations is not all that different from my parents’. I, like them, approach vacation with a grim determination to do something other than enjoy myself. The only difference is they were determined to save money, while I am determined to find a safe haven.

At least I’m not hot, sweaty and caked in dirt when I return.

If I return, that is.

Wednesday, March 17, 2010

Staring Out My Window at the City Below

Staring out my window at the city below, I often think how amazing it is that so many people from so many other places decided to move here, and that so many people from this place decided to stay here.

There are now millions of people here.

What’s so special about here?

My here is like so many other heres. Travel up the coast, you’ll see plenty of places where a city could have grown, but didn’t. Those places look a lot like this place, back before the people came.

I’m sure there are many good reasons why people came here, but I’m also sure there are also bad reasons why people came here. Some of these reasons may have been better there than here. No place is perfect, all have their drawbacks, on balance it’s really hard to say one raw piece of coastal land is better or worse than another raw piece of coastal land.

Yet they all came here. Why here?

At some point, probably very early in the process, people started coming here and staying here primarily because other people were coming and staying here. This positive feedback loop may be the most powerful reason why millions of people decide to move to, and stay in, a particular place. As more move and stay, even more move and stay.

And when this happens at a time of dramatic increases in overall population, it’s like city growth on steroids.

This city creation force has been so powerful, it feels permanent. But it isn’t. Cities die. We know this from archeology and history, and we can visit Detroit and see a city in the process of dying.

People leave, which causes more people to leave, which causes even more people to leave. Sometime this city destruction force is more powerful than the city creation force, quickly unwinding centuries of creation. Other times it’s a slow aging process, as a city stops growing but its people (mostly) stay put.

By most accounts, the world’s dramatic population growth over the last century is slowing, and soon will stop. In my lifetime it will start declining.

What this will mean for my city is not clear. On one hand, I expect people will continue to want to live where other people live, so the dynamic that led to the creation of the city will continue. But on the other hand, so much of the vibrancy we associate with a healthy city is, in reality, that city’s success at replenishing and growing its ranks. As more and more of our cities find their ranks shrinking, how will that effect their vitality?

I’m not contemplating anything on the magnitude of Rome c. 100 turning into Rome c. 650, but I do sense that a lot of my world view has been constructed on top of an assumption that there will always be ever more people here. That’s how it’s been, but that’s not how it will be.

How will this change things? The realtor’s cliché “They’re not making more land” will no longer be true, for once we’re no longer making more people we will, in effect, be making more land as that which had been occupied is left vacant.

A lot else will change too, but staring out my window at the teeming multitudes below, I’m having a hard time getting my head around this future reality. All I can think is how amazing it is that so many decided to be here now.

Thursday, March 04, 2010

Routine

I have a complicated relationship with routine.

On one hand, I fear and fight routine. It is anesthetizing. It puts my brain on autopilot. Day after day of the same old same old until I descend into senescence—that’s no life for me! Particularly when you consider that time flies faster when you’re in a routine, so if you want your life to feel shorter, by all means fill it with routine. To resist this I try to vary what I do, just by a little, breaking things up enough to force me to pay attention.

On the other hand, I have a grudging respect for routine, and I believe there are good reasons why we so often seem to prefer it. There are things I would prefer to handle on autopilot. I don’t want to think anew about everything I do. Breakfast, for example, should never be an adventure. Stepping outside our comfort zones can be rewarding, but it is also stressful. Routine can be so soothing, even palliative, particularly at times when everything else seems to be going awry.

Through my life I’ve careened back and forth between two extremes: sometimes feeling like I can get through my days without ever turning my mind on, my life having become so filled with, and governed by, routine, then other times feeling like my life is wildly out of control, completely unmoored from routine. When I wake up from the former, I send my life spinning into the latter, which in turns seems to send me back to the former, and so on.

I guess that’s sort of a routine in itself.

My current plan is to balance the two, embracing routine even more tightly where I don’t care enough to think, and rejecting routine even more thoroughly where I do care enough to think. My hope is that by nourishing that part of my mind that craves routine, I will find it easier to avoid falling into routine in areas where I’d rather stay awake.

Embracing routine is the easier part, as I find my mind naturally gravitates towards routine, but still it has been a bit challenging. So, for instance, I’ve decided I don’t want to think about what to wear in the morning, so my ultimate goal is to wear the same thing everyday, but my wife thinks this is completely insane and, were I to actually do this, I think others would feel the same. Similarly, I would prefer to eat the same thing everyday for breakfast and lunch, but I find myself in situations, such as going out to lunch socially, where that isn’t possible.

Rejecting routine has been harder. When I determined to toss aside my old music listening habits and listen to completely new music, it was wrenching at first because I still liked my old music. I soon found new music I liked, but that just led to new music listening habits. Similarly, I tried to break out of a rut in my reading but soon found myself in a new rut as I started mining a different vein. At work I sought out projects in unfamiliar areas, figuring it would be stressful but I’d get my neurons firing in new ways. Once I found some success in these new areas, though, people started sending me similar projects, and I accepted them, motivated, I must admit, by a desire to avoid the stress of the new.

So my record is decidedly mixed. The lure of routine is difficult to resist. While I toy with extreme ideas to break free from routine, such as quitting my job and living out of an RV while traveling the country working odd jobs, these, I fear, are just idle dreams of one already well down the slippery slope of routine.