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Stephen Levitt’s on parenting:

Passion and curiosity are two qualities he hopes to instil in his children, who range in age from 10 to 14. “A lot of parents emphasise achievement, but I think that’s the wrong approach. Almost every kid knows how to read and do math, but when I look at my students, what separates the truly exceptional ones is a combination of creativity and excitement for life,” he says. “Very early on I made my goal not to have my kids be really good readers or really good at math but instead to try to instil in them this idea of thinking and excitement of pursuing what they love.”

I’m looking forward to read his new book.

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The cult of children.

Much of what privileged parents are trying to accomplish, says Wolf, is to ensure that their children do not fall out of the upper-middle class. To that end, parents work on their children’s résumés, almost from birth. As infants, their toys need to be educational as well as enjoyable. Getting into the right preschool is a precursor to getting into the right elementary school, and so on, right up until they are set up to get into the most prestigious colleges and beyond. I believe obsessive parenting, born of insecurity about the future, imagines the world to be more precarious than it probably is for upper-middle-class children……

The consequences of hyperparenting are unknown, since the phenomenon is only a few decades old. My views are shaped largely by observing my own family and friends, and that is not much to rely on, but I will speculate anyway. I see great advantages for the children, but also some warning signs. Young upper-middle-class children are, indeed, remarkably precocious. Since they have been exposed to adult conversations almost constantly from birth, they are much more articulate and broadly knowledgeable than children were a generation ago. They are also remarkably at ease with other people, both adults and children, because they are with them so much—with their parents’ friends, in early preschool, and in playgroups often organized among nannies. And having endured little frustration or isolation, they seem to me happier and more affectionate than children were in earlier generations. They love being with their parents (and why not?). They don’t go “up the street” to do “nothing,” as my friends and I did. They stick close to home, and their best friends are their parents. Of course, as they get older, they are subject to the influences of their peers and wider culture, including the omnipresent social media—a mixed bag.

My concerns are the other side of the same coin. If children are the center of their universe, if their parents’ feelings are so contingent on theirs, will they expect that always to be the case? The risk is that these children come to feel entitled and become narcissistic—while they may have a devastating sense of failure if they don’t meet expectations. Moreover, when parents anticipate and fend off all adversity, children might not develop the resilience and confidence to deal with adversity on their own, or the self-discipline necessary to navigate life as an adult. And they might not have enough solitude to learn to think their own thoughts, a lack that Facebook and other social media exacerbate.

Why speed reading is for fools?

‘There are two motives for reading a book; one, that you enjoy it; the other, that you can boast about it.” – Bertrand Russell

Life is not a race. Speed is good for things you want to get past, not for important things you enjoy.

Intimacy is slow. Depth takes time. If you want intimate thoughts, intimate friends, intimate experiences it can’t happen quickly.  Some people tell me they have great reading comprehension even at speed. They challenge me to test them about information from the book. But I don’t care what they can recall. Being able to recall a fact does not mean they’ve considered it, examined it, or used it to change their thinking or how they feel about the world. Reading comprehension does not equal reading wisdom. Comprehension is for a test, wisdom is for your life.

Good writing, or good anything, offers us the chance to pause and reflect. It’s good to read a good book slowly. To take time to consider the new ideas you’re taking in. To ask questions with other smart people about what you’re reading as you read it. If you’re reading to learn you want to read thoughtfully. If you are reading good books you will be engaged and have little concern about how long it’s taking or how long they are.

Life in the nineties.

Recent and not so recent surveys (including the six-decades-long Grant Study of the lives of some nineteen-forties Harvard graduates) confirm that a majority of us people over seventy-five keep surprising ourselves with happiness. Put me on that list. Our children are adults now and mostly gone off, and let’s hope full of their own lives. We’ve outgrown our ambitions. If our wives or husbands are still with us, we sense a trickle of contentment flowing from the reliable springs of routine, affection in long silences, calm within the light boredom of well-worn friends, retold stories, and mossy opinions. Also the distant whoosh of a surfaced porpoise outside our night windows.

We elders—what kind of a handle is this, anyway, halfway between a tree and an eel?—we elders have learned a thing or two, including invisibility. Here I am in a conversation with some trusty friends—old friends but actually not all that old: they’re in their sixties—and we’re finishing the wine and in serious converse about global warming in Nyack or Virginia Woolf the cross-dresser. There’s a pause, and I chime in with a couple of sentences. The others look at me politely, then resume the talk exactly at the point where they’ve just left it. What? Hello? Didn’t I just say something? Have I left the room? Have I experienced what neurologists call a TIA—a transient ischemic attack? I didn’t expect to take over the chat but did await a word or two of response. Not tonight, though. (Women I know say that this began to happen to them when they passed fifty.) When I mention the phenomenon to anyone around my age, I get back nods and smiles. Yes, we’re invisible. Honored, respected, even loved, but not quite worth listening to anymore. You’ve had your turn, Pops; now it’s ours.

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Fun and inspiring lecture by Randy Pausch

Link to his book

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The History and Future of Everything Put time in perspective.

The Science of Kissing

Everything is a Remix – A documentary on ideas and innovation.

Digital sleight of hand

Without the Doing, Dreaming is Useless – One of the many videos on the creative process from 99U.

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Pritchett and Summers wrote that “regression to the mean is the single most robust finding of the growth literature and the typical degrees of regression to the mean imply substantial slow-downs in China and India relative even to the currently more cautious and less bullish forecasts.”

Some thoughts/takeaways:

  • Our understanding on economic growth & development remains poor: “super-rapid growth is due in part to a large residual or unexplained component.”
  • Japan, Korea, and Taiwan fit the regression to the mean story, but that doesn’t mean they fail to transit to higher income economies.
  • Economists are bad at forecasting growth (near or long term) and often miss major turning points. Most forecasts are based to a large extent on recent growth figures.
  • The regression to the mean is a long-term argument so we shouldn’t use it to forecast growth in the near or even medium term (it would probably draw the same conclusion every year over the past decade). Similarly, perhaps we shouldn’t be too bearish on countries that seem to be making lots of poor decisions (e.g. Brazil, Russia, Argentina) if our horizon is long enough.
  • In the country specific section, the authors resort to “institutional quality” to argue why emerging market growth tends to be less persistent than developed market growth (which tends to grow at mean rate). So the bottom line seems to be whether China succeeds in its reform plans (reduce corruption, improve the rule of law, etc.). Given predicting politics is difficult even in the short term, let alone decades, today’s growth tells us little about future growth in places where institutional reforms are needed. 
  • My guess is that Singapore’s political system is the model China wants to move towards. Whether it can manage the transition well is an open question, and I think prolonged political instability is the biggest risk to its long-term growth outlook. On the positive side, China is taking reforms more seriously than most other emerging markets, so on net I’m optimistic that China will become a high-income country someday. 

 

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The Cult of Overwork – “Overwork has become a credential of prosperity” even though we know “long hours diminish both productivity and quality”. The puzzle is why we (at least for those living in relatively high income places) still work so much, and don’t enjoy more leisure as Keynes wrote back in the 1930, or as Bertrand Russell recommended in In Praise of Idleness (excerpts below).

What Chinese officials learn from the Party training school – Some officials are impressive indeed, though not sure how much can be attributed to the training. 

How I made sure all 12 of my kids  could pay for college themselves – Sensible parenting principles that seem to strive a balance between the extreme generalizations of the free-range Western style and the Asian tiger parenting style. Remind me of the highly recommended book How to Talk So Kids Will Listen & Listen So Kids Will Talk

Memoirs of a Would-be Macroeconomist by Arnold Kling- Good coverage of the recent debates and development in macroeconomics from various schools of thought. I especially enjoy the description of his experience working at CBO and the Fed.

Excerpts from Russell’s In Praise of Idleness:

I think that there is far too much work done in the world, that immense harm is caused by the belief that work is virtuous, and that what needs to be preached in modern industrial countries is quite different from what always has been preached.

……

It will be said that, while a little leisure is pleasant, men would not know how to fill their days if they had only four hours of work out of the twenty-four. In so far as this is true in the modern world, it is a condemnation of our civilization; it would not have been true at any earlier period. There was formerly a capacity for light-heartedness and play which has been to some extent inhibited by the cult of efficiency. The modern man thinks that everything ought to be done for the sake of something else, and never for its own sake.

……

When I suggest that working hours should be reduced to four, I am not meaning to imply that all the remaining time should necessarily be spent in pure frivolity. I mean that four hours’ work a day should entitle a man to the necessities and elementary comforts of life, and that the rest of his time should be his to use as he might see fit. It is an essential part of any such social system that education should be carried further than it usually is at present, and should aim, in part, at providing tastes which would enable a man to use leisure intelligently. I am not thinking mainly of the sort of things that would be considered ‘highbrow’. Peasant dances have died out except in remote rural areas, but the impulses which caused them to be cultivated must still exist in human nature. The pleasures of urban populations have become mainly passive: seeing cinemas, watching football matches, listening to the radio, and so on. This results from the fact that their active energies are fully taken up with work; if they had more leisure, they would again enjoy pleasures in which they took an active part.

Excerpts from Keynes’s Economic Possibilities for our Grandchildren:

Thus for the first time since his creation man will be faced with his real, his permanent problem-how to use his freedom from pressing economic cares, how to occupy the leisure, which science and compound interest will have won for him, to live wisely and agreeably and well.

The strenuous purposeful money-makers may carry all of us along with them into the lap of economic abundance. But it will be those peoples, who can keep alive, and cultivate into a fuller perfection, the art of life itself and do not sell themselves for the means of life, who will be able to enjoy the abundance when it comes.

Yet there is no country and no people, I think, who can look forward to the age  of leisure and of abundance without a dread. For we have been trained too long to strive and not to enjoy. It is a fearful problem for the ordinary person, with no special talents, to occupy himself, especially if he no longer has roots in the soil or in custom or in the beloved conventions of a traditional society.

……

Of course there will still be many people with intense, unsatisfied purposiveness who will blindly pursue wealth-unless they can find some plausible substitute. But the rest of us will no longer be under any obligation to applaud and encourage them. For we shall inquire more curiously than is safe to-day into the true character of this “purposiveness” with which in varying degrees Nature has endowed almost all of us. For purposiveness means that we are more concerned with the remote future results of our actions than with their own quality or their immediate effects on our own environment. The “purposive” man is always trying to secure a spurious and delusive immortality for his acts by pushing his interest in them forward into time.

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Tommy Emmanuel: My Life As a One-Man Band

 

Portuguese artist sketches Hong Kong

 

Alain de Botton on Art as Therapy

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Indian mothers-in-law – Interesting article on Indian family culture.

Why the French are miserable – Excerpts below, much more in the article.

Romantic miserabilism was experienced as a form of pleasure. “Melancholy”, wrote Victor Hugo, “is the happiness of being sad.” It was treated as a noble state, a higher aesthetic condition. “I do not pretend that joy cannot be allied with beauty,” wrote Baudelaire in his diary. “But I do say that joy is one of its most vulgar ornaments; whereas melancholy is, as it were, its illustrious companion.” Much of this tradition is firmly fixed in today’s French mind. Hugo’s poem “Melancholia” is required reading for French lycée students, as is Alfred de Musset’s “La Nuit de Mai”, whose narrator laments that “Nothing makes us so great as great sorrow.”

……

Perhaps the best exemplar of miserabilism among contemporary French fiction writers is Michel Houellebecq, the controversial Goncourt-prize-winning novelist, in such nihilist works as “Whatever” or “Atomised”. His characters invariably lead empty, often sordid, always disillusioned lives. “In the end,” writes Mr Houellebecq in “The Elementary Particles”, “there’s just the cold, the silence and the loneliness. In the end, there’s only death.”

……

Perhaps the French need dissatisfaction and thrive on doubt. “There is a certain pleasure taken in being unhappy: it’s part of an intellectualism of French culture,” says Ms Senik. “Malaise and ennui are to France what can-do is to America: a badge of honour,” wrote Roger Cohen in the New York Times recently. Pessimism does not preclude pleasure. All that sitting around at pavement cafés, looking fashionably discontented, can be fun. Optimism is for fools; sophisticates know better. Bleak is chic—especially when opening another bottle of Saint-Emilion and reaching for the three-tier cheese trolley.

A short history of hotels – I must have visited dozens of hotels this year and spent lots of time there (business travel, meeting, personal travel, dining, sightseeing, etc.), so it’s interesting to learn more about the industry.

In the future the hotel may offer neither bland uniformity nor authentic warmth but a proliferating number of experimental worlds in which to insert yourself. Who do you want to be next time you hand over your passport and check in?

Special report on museums –  Are we in the golden age of museums? The museum boom in China seems wasteful. I just realize from the article that I’ve visited all the top 3 most popular modern art museums, and 6 of the top 10. But I still don’t understand contemporary art. Think I should read up more before visiting next time.

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Misc. videos

Interesting Ted talk on why follow your passion is a bad idea and we’d stop wage war on work

Anime on The History of English in 10 minutes

Louis C.K on parenting

Amazon’s Jeff Bezos looks to the future

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“Mathematics, rightly viewed, possesses not only truth, but supreme beauty — a beauty cold and austere, without the gorgeous trappings of painting or music.” —Bertrand Russell

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