Greek Complexity

The Mystery Behind Anesthesia [del.icio.us]

2012-02-12T17:46:19-08:00

David Eagleman and Mysteries of the Brain [del.icio.us]

2012-02-12T08:44:53-08:00

How do our brains process time?

Links of the day - Feb 9, 2012

2012-02-09T19:41:00+08:00

Triple the fun today:

The Zuckerberg Tax -- a US tax lawyer's suggestions for increasing taxes on the mega-rich. Do tax lawyers get paid on a commission basis?

Turin's Enduring Importance -- a quick history of Alan Turing's seminal contributions to modern computing

You Are Solving The Wrong Problem -- I didn't understand how the title was relevant to the problem he outlines at the start of the post until the end of the post when I had my "A-ha!" moment. Very nice. Clearly showed me how I, like everyone else, really was looking at the wrong problem!

You probably already know this but for the dodos out there (not you, of course, dear reader) I'm just being cheeky with the tax lawyer commission jibe above.

Too young to fail? Or too experienced not to?

2012-02-06T19:42:06+08:00

I just read two interesting articles, both on Technology Review, and published independently just a couple of days apart. What's interesting is, one of them writes about youth and even a lack of formal education potentially being keys to entrepreneurial success, while the other makes a strong case for older, experienced entrepreneurs. So two opposing views in the same magazine!

Who is right? You decide. See Too Young to Fail and Innovation without Age Limits.

To be fair, the first article doesn't actually opine that young, smart people not yet tarnished by preconceived notions will definitely succeed as entrepreneurs. It simply reports on a sort of experiment being run by Peter Thiel, billionaire founder of Paypal, who does believe in this idea.

Inventory that walks

2012-02-04T11:21:00+08:00

Here's a TED video that's like a mini Discovery Channel-style documentary. It's futuristic like many TED videos but actually tells us about something that has existed for a while now.

What is the video about? How e-commerce orders are handled in warehouses. Is that a snore I hear? Just watch this.

Link of the day - Feb 2, 2012

2012-02-03T00:23:00+08:00

MIT's Technology Review provides a tantalising glimpse into multi-disciplinary research into the concept of consciousness using tools and concepts from statistics, bio-engineering, anaesthetics and neuroscience: The Mystery Behind Anesthesia

Taxi hypocrisy

2012-02-01T23:04:59+08:00

I had a near-death experience a few days ago. On the road. In a taxi. No, don't stereotype by assuming this was in India or Thailand or Vietnam. In Singapore. I'll begin at the end.

Nearing the end of a journey in a taxi, the taxi driver grumbles that Singapore has too many cars on the road and traffic is getting bad. Even though cars are much more expensive than elsewhere in the world.

Driver: Singaporeans don't care. They just buy.

I don't disagree.

Then, as an afterthought: "Do you have a car?"

Me: No.

Driver (surprised): Why? You don't want?

Me: I ride a motorbike.

Driver (aghast): Oh, you should be careful! Not because bikes are unsafe but because drivers in Singapore aren't very good.

Me (thinking): Tell me about it.

Me (aloud): Um-hm.

Driver continues his discourse on the topic.

Me: I do ride carefully. I prefer bikes because they're quicker, cheaper, better for the environment, easier to maintain, more fun...

The conversation ended soon after when he dropped me off.

And my near-death experience? This chap earlier whizzed along merrily at 150 km/h, driving one-handed, weaving in and out of traffic across several lanes without signalling. The speed limit was 90 and dropped to 80 in sections. And he's telling me about Singaporean drivers not being very good. I hadn't even told him that I needed to get home a hurry.

Where are the traffic police and what are they up to?

A funnier but just as illuminating incident occurred a few years ago when I was in a taxi heading to driving school. The driver wanted to know if I was getting a car driving licence. When I said motorbike, he cautioned me just as Mr Near Death did but then added, "Son, get your licence, have fun, but watch out for the taxis!"

Now, that's honest advice :-)

What non-religious movements can learn from religion

2012-01-31T20:35:00+08:00

Here's a thought-provoking TED talk by Alain de Botton, who has also written Religion for Atheists: A Non-believer's Guide to the Uses of Religion. He makes the case for taking the best aspects of organised religions and religious institutions and applying them not just to atheism, but also to companies, small entrepreneurs, art and so on.

His book is out in March 2012. Click through to view:

Where do ideas come from?

2012-01-30T20:06:00+08:00

I am reading a book called I am a Strange Loop by Douglas Hofstader that explores the concept of "I" or the self. What does it mean to say "I", where does "I" come from and so on. Fascinating and highly readable.

In the book, Hofstader quotes another scientist Roger Sperry as having written in an essay titled Mind, Brain and Humanist Values the following passage:

In the brain model proposed here, the causal potency of an idea, or an ideal, becomes just as real as that of a molecule, a cell, or a nerve impulse. Ideas cause ideas and help evolve new ideas. They interact with each other and with other mental forces in the same brain [and] in [other] brains. And they also interact with the external surroundings to produce [...] a burstwise advance in evolution.

Now, this reminded me of a thought I had a couple of weeks ago: does information obey the first law of thermodynamics? The first law of thermodynamics states that "energy can be transformed, i.e. changed from one form to another, but cannot be created or destroyed". Does this apply to ideas too? If so, does this mean that every idea that has ever been or shall ever be already exists in some form? Does that then mean that "new" ideas are simply the discovery of existing ideas and/or the uncovering of ideas via logical extensions of already recognised ideas? For that matter, is information the same as energy?

On the other hand, while the notion of extending existing ideas to generate new idea may be true for purely "algorithmic" reasoning, how could we then explain seemingly blue-sky creativity? Also, if we take it as a given that ideas aren't merely invented abstractions with no physical basis, aren't "massless" and arise from biochemistry, then what is the literal fuel for a new idea? Is there an equation that is the equivalent of or an extension of E=MC² which incorporates a variable representing information?

I'm sure none of these questions are new, so enlightenment, or at least a discussion, would be appreciated! My trawls through Wikipedia uncovered useful-looking articles like Entropy in thermodynamics and information theory, but my knowledge of even high-school level physics is shaky at best and deeply suspect at worst. :-) Landauer's Principle might be what I'm looking for if I could just decipher it.

Strange Youtube video stat

2012-01-21T10:14:00+08:00

So I was watching this video on Youtube and noticed something strange.

The video only has 302 views but 3314 ratings? I'm puzzled. How can someone rate the video without first getting to the page and watching it? Wonder if anyone knows.

Don't bother sitting through the video. It's not particularly funny. I'm not being over-sensitive (hah!) -- it just isn't that funny.

The argument over Internet freedom

2012-01-19T08:08:00+08:00

...aka piracy, depending on who you talk to, is fast becoming a hot-potato issue.

Even in sedate Singapore. Entrepreneur Bernard Leong makes his case to the Singapore government as to why they should not enact a law similar to SOPA. You'll find his piece here. He says:

The burden of reviewing every blog post, tweet and video submission is impossible to manage for any company. This is similar to the situation in China, where video sites such as Tudou have to hire people to monitor content uploads 24-7 to ensure that no sensitive political content is uploaded.

SGE‘s opposition against SOPA/PIPA legislation is not focused on freedom of speech arguments which have been brought forward by many digital advocates. You can read about these elsewhere. Our concern is that such legislation has profound implications to our economy.

He later says:

There has been strong resistance against both bills not just from many technology entrepreneurs from the start-up space but also from multi-national companies such as Amazon, Google, Microsoft, Twitter and Facebook.

...meaning that the opponents of such legislation are, as one would expect, those who would suffer most from SOPA-like legislation. Now, The Economist said in their usual forthright style a few weeks ago that:

The bill’s supporters want this [how content should be distributed and paid for] to change as slowly as possible, so they have time to adapt. Opponents want to see more rapid changes in business models to speed up overdue innovation: cheaper pricing in poor countries, more use of on-demand digital services, less exclusivity in distribution, and ultimately, less reliance on selling albums and DVDs. Yet self-interest is at work on both sides: many of the bill’s critics are trying to create just these kinds of business.

A related issue is now boiling over in India. Global Internet companies are in effect being held accountable for things that their users said, even though a law had previously been passed specifically to clarify that Internet companies and other intermediaries could not be held liable for their users' misdeeds (as long as certain conditions were met). See Is India Ignoring its own Internet Protections?.

So who's right? I'd rather focus on the freedom-of-speech argument that Bernard eschews. High-minded? Idealistic? Yes and yes. But that doesn't make the argument any less valid. In fact, focusing on dollars and cents cheapens the issue.

Note also, as The Economist implies, that arguing purely on economic grounds is to pick winners and losers. Who is to judge whether Google's and Facebook's claims are more valid than counter-claims by Newscorp and CBS? On what basis can one pick one side over another?

Taking the freedom-of-speech tack will probably not have much effect in Singapore (possibly the reason Bernard avoids this argument to begin with) but I think this is the right argument as a matter of principle. Possibly the only right argument. It certainly doesn't have the conflict of interest of the economic arguments advanced.

Singapore vs Hong Kong as a business jurisdiction

2012-01-18T13:44:57+08:00

Link of the day: Singapore as a Holding Domicile for Your China Operations

This piece contrasts the use of Singapore as a location to set up holding companies for Asian operations versus using Hong Kong instead. Mostly about tax but also other matters. Not as boring as it sounds. The article doesn't mention it explicitly but Singapore also has bilateral trade and tax arrangements with India, separate from the India-ASEAN tax treaty. China and HK don't.

Inside the VC's mind (episode deux)

2012-01-18T07:58:00+08:00

I'd posted episode un last year but that was more about how VCs look at investments and why they, or rather, we think a certain way. This post is inspired by this NYT op-ed piece -- the title of that piece isn't meant to imply anything about VCs! -- and is actually literally about how this VC's brain is wired.

To quickly summarise the op-ed: it makes the point that, contrary to today's received wisdom, teams aren't the best way to achieve creative and efficient solutions to hard problems. Solitary operators are often better since they have time to reflect, don't get influenced by or feel compelled to agree with other people's opinions, aren't in permanent meeting-hell, can benefit from privacy, and so on. This has implications for organisation structure, how people learn, even office ergonomics and how each person's daily calendar is organised. All quite fascinating but plenty has already been said in the NYT and it's not what this post is about.

The NYT article made me think of how I think my own brain is (or needs to be) wired to do my job well. I'm sure some of you think this is self-indulgent drivel, and you're probably right :-) but I loved hearing about this from a VC friend/mentor before I got into the field myself so just hoping to pass on the favour.

The one thing I'd say about the VC's mind (my mind) is that I am (or need to be) almost manically bipolar.

The VC I spoke to several years before I myself moved into VC told me that venture capital can be a lonely job. You need a lot of self-motivation and willingness to learn by doing. There's no large team around you to bounce ideas off, take the slack when you feel like taking it easy, blame when things go wrong, celebrate with when things go well, etc. No one telling you what to do or not do. This is all completely different from private equity or nearly any other job. You're essentially a lone ranger. This isn't a mode of operation that everyone is comfortable with.

At the same time, VC is also about working in large distributed teams and being responsible for the results and failures of not just one's own efforts but also several others. I know that sounds paradoxical but what I mean is that a VC isn't just an individual in a VC firm. He is also a member of several teams -- not only the (usually small) team within his own firm, but also the teams in each of his portfolio companies and the VC firms that he co-invests with. This extended family can be as big as a few thousand people often spread across diverse industries, depending on the number and type of companies in the VC's portfolio.

This means that, although he is a solo agent more often than not, he also needs to be an exceptional team player, manager/boss, extrovert marketer, engaging salesman, recruiter, influencer/thought leader, coach/mentor... Did I say bipolar? I should have said multipolar. (Disclaimer: I don't claim to fulfil these roles as well as I'd like. I only aim to do some of these reasonably well some day soon.)

Another way in which the VC is bipolar is that, IMHO, a good VC needs to be both incredibly analytical and highly creative. I am sure that some of you will say that is disputable whether a VC can ever be creative! The analytical aspect should be clear enough but creative? I think VCs need to be creative in the way they, for example, apply ideas and lessons from one industry to another. Or dealing with people problems. Or looking at a trend here, a data point there, and coming up with a solution to a problem elsewhere. (But is that analytical ability or creativity?)

And finally the most common way in which any VC worth his salt is bipolar is, of course, that he needs to be simultaneously very optimistic and very pessimistic by nature. You've got to be an optimist when you consider that the VC game produces perhaps one big success for every ten investments made, and those investments themselves made the cut only after a further 1 in 100 (or more) whittling-down process. Faced with those odds, wouldn't most, er, normal people sink irretrievably into depression? But no, the VC is ever-optimistic.

Or is he? If he only makes 1 investment out of every hundred or more that he sees, doesn't that make him an extreme pessimist about all those ideas on which hundreds of people have already spent considerable time, money and effort?

The word you're looking for, dear reader, is bipolar.

:-)

Dilbert wisdom

2012-01-17T22:45:16+08:00

On CEO stock options:

And in real life? After having run the company to the ground, the CEO walked out the door and left the clean-up job to whoever stayed behind.

Apple is disgusting

2012-01-17T19:23:00+08:00

There's no denying that my views on Apple's stock price were wrong last February and remain wrong today. The stock is today up about 15% since my prediction of a fall. But Wall Street has also started looking at the company's broader impact on the world, something I mentioned briefly in this post. Take a look at what Henry Blodget says at Business Insider:

Daisey interviews dozens of (former) workers who are secretly supporting a union. One group talked about using "hexane," an iPhone screen cleaner. Hexane evaporates faster than other screen cleaners, which allows the production line to go faster. Hexane is also a neuro-toxin. The hands of the workers who tell him about it shake uncontrollably.

Some workers can no longer work because their hands have been destroyed by doing the same thing hundreds of thousands of times over many years (mega-carpal-tunnel). This could have been avoided if the workers had merely shifted jobs. Once the workers' hands no longer work, obviously, they're canned.

...

If Apple decided to build iPhones and iPads for Americans using American labor rules, two things would likely happen:

The prices of iPhones and iPads would go up

Apple's profit margins would go down

Neither of those things would be good for American consumers or Apple shareholders. But they might not be all that awful, either. Unlike some electronics manufacturers, Apple's profit margins are so high that they could go down a lot and still be high. And some Americans would presumably feel better about loving their iPhones and iPads if they knew that the products had been built using American labor rules.

In other words, Apple could probably afford to use American labor rules when building iPhones and iPads without destroying its business.

So it seems reasonable to ask why Apple is choosing NOT to do that.

More: Your iPhone Was Built, In Part, By 13 Year-Olds Working 16 Hours A Day For 70 Cents An Hour

Top 3 myths about immigration

2012-01-16T20:58:01+08:00

Short and informative video about immigration:

This is about America not about Singapore but I can't imagine the conclusions would be that different for Singapore or anywhere else.

Losing the plot

2012-01-16T20:22:00+08:00

Here's an excerpt of an email from this morning, suitably censored for public consumption:

Drivers in Singapore are such *** pieces of ***. Robots. Inconsiderate ***. I got on the CTE as usual and it was really jammed at least until Balestier and also behind me (before my on-ramp). Happens sometimes but only for a few hundred metres before clearing up. This time it was like this all the way to the CBD exit at Havelock Road. Ok, at least I could move at 40-50 km/h on my bike past near-stationary cars, but I couldn't work out why it was so jammed. Come out onto Havelock Road and it's even worse. Looked like Bangkok. This is 7 km from the start of my journey! I thought there must be some major problem like a lane closure or something. Keep going, don't see anything. Finally got to Raffles Place, just at the junction with Shenton Way, and I find there's been a minor collision between two cars. No injuries, no great damage even. But the *** *** just *** sit there and create a giant *** traffic jam for the rest of the world during peak hour. The rules are quite clear that if there are no injuries, you must move your vehicle so you don't obstruct other traffic. What's worse is, no one sees this as a problem. The police should be issuing gigantic traffic fines whenever this happens (and it happens quite a bit). People should be yelling at the numbskulls. None of this happens, as far as I know.

Robots was the funniest expletive because it's so true!

How to nap [del.icio.us]

2012-01-10T20:01:28-08:00

Airbnb dividend fiasco [del.icio.us]

2011-10-02T20:47:24-07:00

Someone's comment: "Silicon Valley is turning into Wall Street."

Don’t You “Want” Me, Baby? - Facebook’s New Button [del.icio.us]

2011-10-02T19:45:07-07:00

Will FB start demanding a % of transaction revenue instead of just ad revenue?

The Netflix Prize was brilliant [del.icio.us]

2011-10-02T05:59:11-07:00

One more piece on the Netflix prize, also highly readable

A $1 Million Research Bargain for Netflix, and Maybe a Model for Others [del.icio.us]

2011-10-02T05:57:09-07:00

Not new but worth a read

On the Invention of Money [del.icio.us]

2011-09-30T22:43:40-07:00

Are academics always dry? Nope. Here's a long and enlightening rant by one!

Groupon Is `Highly Dysfunctional' Company [del.icio.us]

2011-09-24T01:20:41-07:00

This says it all. HP comes in for a beating too.

Groupon halves historical revenues; COO departs [del.icio.us]

2011-09-24T01:20:25-07:00

Gah