The Shelf Life of Libraries

Libraries are an organized collection of documents.  From the first libraries , collections of clay tablets, to todays institutions (which include multiple forms of media from, books and magazines to microfilm ) the key functions have been aquisition and organization.

While the functional activities of today’s libraries have expanded and the processes and methodology changed a lot over the years, the two main activities remain aquisition and organization.

And then came the internet

“I am the internet, I used to be the library.”  This whimsical quote, probably meant for amusement, is actually quite accurate.  The internet is largely a vast organized collection of media.

Albeit in digital format, the material on the internet is searchable more quickly and efficiently than even the most organized of libraries.

And What Becomes of the Library?

As a place to gather, read and draw on the expert knowledge of the librarian, libraries probably have a continued use – although in essence the modern version of this is probably the internet cafe.

So are libraries doomed.? Where will they go, what will become of them?   In the short term hard copy books will persist but as the digital generation takes over it is concievable the question; what is a book? may be asked by a population that is no longer familiar with that media.

And why do I ask?

This question arose for me  during one of my U of A campus walks on which I counted seven physical library buildings.  With the libraries on other campuses I believe the total is eleven buildings, full of paper.

I am puzzled as I have no need for a physical library myself , virtual digital collections of media -ebooks and such I get, but a library building with books, why?

Hence my rumination here.  Obviously the libraries are not vacant and as I walk by people are streaming in and out.  Haven’t these people heard of the internet.  Or maybe they are looking for the pokemon that are hiding there.

 

Self Serve Investing

In an opinion column in the Globe and Mail the other day, it was suggested a lone retail investor would not be able to analyze and select equities any better than a professional investment analyst/ portfolio manager

The key arguments are:

  • whether a buy or sell side analyst they generally have years of training, personal experience and can draw on the experience of their colleagues
  • the analysts generally focus on one or two equities or at very least concentrate on a single sector
  • their day to day focus is to study the data and draw conclusions/make recommendations with associated documented rationale

The conclusion of the opinion piece was individuals who wanted to manage their own investments should buy ETF’s (exchange traded funds) which are generally low commission and linked to an index, commodity or hedge strategies (to name some of the top associations)

That is, you can’t beat the experts when it comes to buying individual equities so go with group think.   This thinking does not conform to my own opinion .

Worth the Effort?

As I have noted before it’s your money and you have the most to lose or gain.  Making a bet on a fund is just that, gambling.  Relying on an investment advisor or portfolio manager who are  basing their recommendations on others work (the analysts) requires a lot of trust and faith.

Spending the time to do careful research, arriving at my own conclusions is extremely effective for me. Firstly I see the value in spending the effort personally.

More importantly though whether I gain or lose I took the risk, I made the decision and win or lose I can own it ( after all, it is mine to own).

Of course if things are not working I can always switch my strategy.  Fortunately, for me, with over 20 years of equity investing I am averaging over 15% a year. ( And that is without funds -yuck).

Say what you do and Do what you can!

My own personal integrity value is “Say what you do and do what you say”. Of course this is not always possible but as a guiding framework it influences my behaviour.

Simply put, I arrive on time, show up if I accepted a meeting and complete a task I committed to.  In some cases I have to communicate a change in committment with an explanation but I never just let a thing slide, once committed to.

A diifferent approach

Personal values are just that, personal.  However,  we do judge others by their values and typically our own expectations for behavior are influenced by our own value set.

I have recently came to the conclusion that a group I am familiar with practices the integrity value with a twist.  They say what they do, but only do what they can.

In essence, the completion of whatever is commited to is limited by desire, ability and attitude.  If we can do it, without too much effort or inconvenience, we will.

What is puzzling to me is the fact this team is surprised when others don’t always accept or even approve of this approach.  It is after all the cultural norm for that team; so it must be okay – right?

Interpreting the values behaviours

The group I refer to has adopted integrity as a value.  But, the behaviour associated with this value is linked to individual motivation, as I have described above , so I question the value.

That is, regardless of what was agreed (the say what you do part), personal motivation and committment drive the result, and if it falls short, that’s okay.

Unfortunately, with my own personal filters, this seems to be an off kilter approach.  It does work for the team though and interestingly they seem very comfortable with this.

Quoting Shakespeare

I read a quote by Shakespeare the other day and I was surprised by how great it was. My surprise lay not with the meaning but rather just the poetic beauty of the phrasing.

“Things won are done, joy’s soul lies in the doing”  William Shakespeare, English Playwright, Troilus and Cressida

This sentiment is not new and off the top of my head I can rephrase with a number of common sayings:

  • It’s not the destination that matters, it’s the pleasure of the trip
  • Getting there is half the fun
  • It’s not about winning, it’s how you play the game
  • It’s not what you do that matters, it’s how you do it

And the point!

While it seems simple, the way Shakespeare has crafted this message, clear but poetic and lyrical is so much better than the run of the mill sayings.

The meaning is basically the same, albeit with some nuances, but the impact is so much greater.  On reading this quote I was struck by a realization that truly sometimes how you deliver the message can really make a difference in understanding and impact.  The point jumps out.

The Blog or the writing of it?

I have been scribing these random musings for over year now.  Strangely, or perhaps not, my motivation is not the end product (although I am sure they are fabulous).  Rather my joy comes in the writing itself.  What a rush.

And no less a scholar then Shakespeare himself imortalized this truism in a simple statement “Things won are done, joy’s soul lies in the doing.”

 

 

Communication Consideration

One of the most important interpersonal skills is communicating with others.  As we are growing up we receive formal training for reading and writing.  What about spoken communication?

Our parents or guardians begin the process of guiding us through how to interact with others.  This is largely experiential .  We learn by observing.

Basic Concepts of Communicating

It is dissapointing to me that we do not yet provide formal education in the basic concepts of communication starting from a young age.  That is, incorporating them into our elementary school curriculums.

Principles of Communicating

There is always a sender and a receiver.  Information passes from the sender to the receiver.

The transmission can be full duplex (senders can communicate simultaneously) or half duplex ( the information transmission is uni-directional and the receiver must wait for the information transnission to complete before sending)

Both the sender and receiver have filters and a bias through which the information is interpreted.  That is, the way the sender formulates their transmission is subject to their bias.  The way the reciever interprets the information is subject to their bias.

Using the principles to Communicate more effectively

A solid understanding of these basic principles is a great tool toward improving communication with others.  Understanding the mechanics of communication is key to being able to improve the quality of your interactions.

This is a similar principle to self awareness, the more you understand whats going on around you (ie, how communications work at a basic level) the better you are able to modify and improve your communications.

 

Computer System Down -Uh Oh

When I first started working for the Bank of Montreal in the 1970’s people filled in paper slips for their transactions and these were used to manually post on ledger cards.

I thinking about this when reading about Delta’s computer crash this Monday, which caused massive delays and cancelation of flights (more than 5000 flights affected).  The impacts will continue well to the end of this week.

Back in the mid-seventies,  as BMO computerized its front end customer operations, the contingency was to fall back to the manual paper based processes. And on occassion we did.

No Longer

Since the turn of the century (2000) it has been clearly recognized we have built an infrastructure so dependent on computing operations there is virtual no way back, the software systems work or “Yikes” – the unspeakable.

Of course in a total collapse we would figure something out – human ingenuity being what it is.  But oh, the pain.  I shudder when I comtemplate it.

The answer of course is back-ups, auto fail-over and so on.  This preparedness includes advance alerts so we be forewarned and can react to danger.

Unfortunately these things are not infallible as the Delta experience shows (and this is not a unique case)

Should we worry

I grew up in the sixties with the real threat of nuclear armagedeon, (I imagine computer armagedon would be similar). So I have learned to focus on what I can control and the rest – well it is what it is.

One clear memory of those younger years is a  poster of instructions to follow  in event of a nuclear attack.  Things like staying away from windows and doorways, getting to shelter, stay away from sharp objects and the kicker last instruction – bend over and kiss your ass goodbye.

Good attitude.

Winning Attitude

With the summer olympics just underway I pause to contemplate the factors that create winners.  A lot of study has been done in this area .

A review of some of the most popular research leads me to believe the number one factor is attitude.  Of course talent and ability must be present but studies show, repeatedly, believing you will win and wanting to win make a real difference.

Not Over Confidence

Being confident you can succeed is critical but that is not to say believing you are going to win means you will.  Conversley though without strong desire and confidence in yourself, you probably won’t ( or if you do it is a happy accident)

Of course the right attitude is not just needed to win olympic events or even to be recognized as a winner.

Be aware of all aspects of Attitude

Attitude is a very broad term that can be represented by a host of adjectives.  Those with winning attitudes excel at all of these:

  • know what you want and focus on the desire to get it
  • believe in yourself, understand your capabilities and limitations and then know you can exceed them
  • leverage everything around you, believe there are lots of supporters that want you to succeed, embrace them.
  • make sure you know why you want to win, what it means and why you value it (understanding and using your motivation is key to success).

Remember, only you can create a winning attitude.  Coaches, friends and mentors are tools you can leverage for assistance, but only you can create the ultimate winning edge yourself.

Language and Culture Links

I wa in an interesting discussion with a colleague today.  He speaks fluent French and some German in addition to English.  While I am not fluent  I have an understanding of Japanese, German, Spanish and French.

At the risk of promoting stereotypes, our discussion focused around the apparent ties between language and cultural behavior.  That is to some extent the language ( a cornerstone of communication within a given culture) reflects the behavioural norms of the culture.

For Example

Although entirely subjective, we came to some of the following assessments:

  • English – focused on meaning and clarity.  Misusing the language or using incorrect gramatical structures can be overlooked in pursuit of the meaning.  Interestingly this is the language of International areonautics where clear meaning is critical.  In general English speakers are more direct and get to the point.
  • French –  Considered a romance language, the focus is on the art and beauty of the words.  Not just what you say but how you say it, conjugation really matters and errors are noticed.  One adjective for the language as a whole might be “flowery” a phrase that goes with romance.
  • Japanese – A common sterotype of Japanese culture is polite, disciplined and structured.  Based on my own knowledge ofJapanese from a grammar and syntax perspective there is no question it supports these cultural norms.  Phrasing everything with a focus on respect of others is required within every conversation.

These are just three examples of this point but we can and did go on exploring a number of languages from German and Greek to Urdu.   In each case we could map the most prominant cultural stereotypes to structure and phrasing within the associated language.

Not a stunning, nor earth shaking conclusion, but hpefully interesting.

.

 

Listen to the Music #7

On Oct 25th I started a post series that would be about the 37 live rock concerts I have attended in my life so far.

Over time, I am listing the next three best. Six posts so far covered the top eighteen(listed below), today’s covers nineteen to twenty-one.

Just a reminder; 1) Paul McCartney, 2) Led Zeppelin, 3) Elton John 4)Alice Cooper 5) Al Stewart 6) Queen 7) Bee Gees 8) Deep Purple 9) James Taylor 10)Blue Oyster Cult, 11)Johnny Winter, 12) Uriah Heep 13) The Monkees. 14) 1910 Fruitgum Company 15) Allman Brothers Band 16)Kansas 17) Styx  18) Wishbone Ash

And today’s list

19) Trooper – A free concert in Student Union Building at UBC.  I happened on this accidently while resting in SUB between classes (a favorite pastime of mine).  This was a happy accident.  Trooper had relatively significant Canadian fame in the early seventies they never really had much fame beyond the borders.  This was a straight up hard rock party band. In the words of their classic song, I was encouraged to “Raise a little Hell” , what a night.

20) Brave Belt – Randy Bachman quit the Guess Who at the height of their fame.  He went on to found a band with friend Fred Turner and two of his brothers.  He wanted to prove he could make it big outside the Guess Who (and ultimately he did). They toured the country for a  couple of years as Brave Belt, including a live show at the Lonsdale Community centre in North Vancouver.  Brave Belt morphed their sound throughout these two years and I saw them just before they changed their name to BTO (Bachman Turner Overdrive).  At this point they had the BTO sound and although the world had not discovered them yet, I did and they were fabulous.

21) Nazareth – A hard partying Scottish straight up rock band.  For me this was the traditional basic hard rock show.  Not a lot of frills or effects just great tunes played loud and fast.

Attitude Modification

Environmental and genetic factors shape your attitude.  Current theory is the impact of nature versus nuture on personal attitudes is not a fixed factor.  It depends.

The type and magnitude of environmental factors can override your genetic template or complement it or even reinforce and exaggerate your basic natural proclivities.

A lot of this information comes from studies with identical twins, particularly those separated at birth and growing up in very different environments.

Changing and adapting your attitude

Through your adolescent and teenage years your foundational attitudes are formed.  These are influenced by your surroundings (nurture) and your genetic template (nature).

Research indicates the balance between nature and nuture influences varies greatly by individual.  This tends to support the theory we control our attitudes to some extent (nurture influences).

Although we often believe you cannot change how a person thinks once they have formed their base personality and personal value system, (usually by their 20’s) you actually can teach an old dog new tricks.

“Tricks” are in fact just behaviors.  Your behaviour can be influenced by others or your own desire to change at any time.  So if others want you to, or you want to, behavioural change can occur.

We often view behavioural change as reflective of our attitude, in fact your value based attitude, your personality might not change (probably doesn’t) at all, just your behaviour.

Conclusion

We can change our behaviour throughout our lives, our base attitude though is probably fixed by our early twenties.