Saturday, June 23, 2007

Gandhi, played by Kingsley

I just watched Kingsley play Gandhi. I wanted to write my impressions of the film, but after perusing the Wiki entry on Gandhi, I would like to copy some portions that stand out:

1. Gandhi always approached an end indirectly. For example, to get women involved in the movement and excise radicals, "Gandhi exhorted Indian men and women, rich or poor, to spend time each day spinning khadi in support of the independence movement. This was a strategy to inculcate discipline and dedication to weed out the unwilling and ambitious, and to include women in the movement at a time when many thought that such activities were not respectable activities for women."

2. Gandhi would fast when violence broke out. He seemed to realize humanity's passions had to be redirected into other sources of energy and perhaps there is something in human nature that causes us to become calm when presented with someone willing to be strong and absorb our bad energy. For the first time, I understand the presence of energy in New Age doctrines. One of his best lines, in response to a comment that passive resistance would not work, was that he had never advocated anything passive--he had always encouraged active noncooperation.

3. Still, I see some potential problems with Gandhi's philosophy.

One, had Gandhi been lesser known and not a public figure, his strategies may not have worked. The media needs to be sympathetic to his cause for it to succeed. In this case, if there is no one around to hear a tree fall in the forest, it really makes no sound. So what choices do average, non-famous people have when they are attacked? This is a difficult question, especially because we know that one of the reasons India is now able to move forward and perhaps resume its status as an empire is in no small part to Gandhi's vision. Yet, if the media portrays a subjugated people or a minority as violent, individual peacemakers could become ineffective. Thus, non-cooperation and non-violence seem to require a media that is both fair as well as sympathetic to peaceful non-cooperation, but any attempt to control the media and make it "fair" usually leads to oppressive dictatorships.

Two, Gandhi was presented with good numbers. 150,000 British ruling over millions of Indians. Without scores of people to continue to sacrifice themselves, nonviolence would be too short-lived to impact an oppressor's conscience. So what does a smaller minority do, such as the Jews in Germany during the 1940's or the Muslim Bosnians against Serbia in the 1990's? (Note: another thought-provoking film is No Man's Land (2001), about Bosnians and Serbs.)

Three, the British were clearly behaving improperly, at one point massacring thousands of unarmed protesters. Evil has evolved. Very few modern oppressors would openly behave like Southern governments in 1950's America and allow the media to have a field day. Also, there is no need for high pressure fire-hoses today. A government can simply fire a missile and wipe out an entire group, perhaps thousands of non-cooperating citizens. There would be no face-to-face contact that would engender an awakening of conscience. As Stalin said, "One death is a tragedy; thousands of deaths, a statistic." Today, for example, if 100 Tweedledees decide to close off an area, prevent reporters from entering, shoot missiles and kill 100 protesting Tweedledums in the process, and then clean up the area before allowing re-entry, non-cooperation would result in non-existence. Therefore, it appears that with technology wedging distance amongst peoples--whether by a selective media or by allowing video-game violence--non-cooperation may result in an oppressor being able to eliminate any attempt to shame him. Thus, non-cooperation requires a strong media and a citizenry with enough free time to see what is happening to feel ashamed and to do something. In an increasingly busy world, where people are shielded even from local acts of violence, or work twelve hour days to make mortgage payments, a strong middle class or, counter-intuitively, a majority of poor or persecuted people, seems required for Gandhi's ideas to work.

Spike Lee's portrayal of Mookie and whether he did the right thing in provoking violence ended with two quotes from Malcolm X and Martin Luther King. I will end with one of my favorite quotes by Gandhi:

"When I despair, I remember that all through history the way of truth and love has always won. There have been tyrants and murderers and for a time they seem invincible, but in the end, they always fall — think of it, always."

Monday, June 11, 2007

Khufu's Wisdom, by Mahfouz

Naguib Mahfouz is known as one of the preeminent modern writers, but his first novel was written at the very young age of 27. As a result, Khufu's Wisdom reads more like a screenplay than a true novel. The story revolves around several characters, primarily a pharaoh attempting to avoid being replaced. As in much of Middle Eastern literature (Hebrew saying: "Man plans, God laughs"), a battle between the Fates and humanity begins, with the pharaoh attempting to avoid his fate only to see that his own actions, without his knowledge, lead to fate having its way.

My primary issue with the novel is its disjointed style. Even so, I can see why the author eventually won the Nobel Prize--check out this beautiful passage:

Sennefer yawned again, then closed his eyes. Djedef stared at him in the feeble lamplight with eyes clouded by misery. When he was sure that Sennefer had surrendered to sleep, he moaned to himself in torment. Shunning his bed and feeling an intense unrest, he grew weary, and tiptoed out of the room. The air was moist, with a chilling breeze, and the night black as pitch. In the darkness, the date palms looked like slumbering ghosts, or souls whose tortures stretched through eternity.

In many other places, however, the writing seems perfect for a Frank Miller movie: "May the Divine Ra, Shaper of the Universe and Creator of life, bless you...[but] the Fates are making mock as is their wont and have conjured a male child." And, "Are you truly the majestic princess? Be a simple peasant girl--for a peasant girl lost is nearer to the heart than a princess found."

I have not read any of Mahfouz's other books, but I would recommend reading something else. Khufu's Wisdom was Mahfouz's first step on the path of greatness, but shows him in his unpolished glory.

Sunday, June 10, 2007

Warren Buffett and Berkshire Hathaway's Meeting




My last two posts were about shareholder meetings and heroes. They provide the perfect segue into my hero, Warren Buffet, and my experience at the Berkshire Hathaway meeting in Omaha, Nebraska in 2007. I chose to attend the meeting for several reasons, primarily because I was not sure whether my future schedule would allow me to take several days off, and to a lesser extent, whether Mr. Buffett would still be around in the next few years. Also, I have never been to the Midwest, except for Chicago, so I was looking forward to this trip.

First, if you plan to go to the meeting, plan early. All the hotels were booked almost seven months in advance, and I was lucky to get a great deal on priceline.com for the Comfort Inn at the Zoo. The location is far from some of the events, such as Gorat's and Borsheim's, but I did not rent a car and relied on the kindness of strangers, including a chance meeting with a Reuters reporter, to get me to various places. (He was very friendly, an ex-lawyer, and seemed to lament the fact that Bloomberg had sent several more reporters with more resources.) As almost everyone there was friendly, I had no problem getting around, but I do suggest renting a car if you go. Omaha, NE is spread out because they have such a low population density and lots of open space. As a result of this land affluence, the city planners could afford to build with disregard to future growth, creating sprawl. Taxis are extremely expensive because of limited competition and also the numerous highways they have to enter to get from one place to another. So even though Point A and Point B are literally one mile away from each other, sometimes you have to take two highways to get there. For a city slicker like myself, used to being able to walk anywhere or take public transportation in Singapore, Boston, San Jose, and D.C., it was a shock to see so much land and so much sprawl.

Other than renting a car, my second tip is to bring a raincoat. Spontaneous thunderstorms are not uncommon in Omaha, and its location smack in the middle of the country creates interesting weather. One day, lightning was so bad, closing the blinds at night made no difference in terms of ambiance. (Apparently, you can tell how close a storm is by counting seconds between thunder and lightning, and had I known that at the time, it would have added to the "Friday the 13th" weather atmosphere.) I (mistakenly) brought plenty of warm clothing, but Omaha is humid in May. So bring a light raincoat and some jeans, and you will be all set.

The first day I arrived at Omaha's main airport, I was happy to be there. Numerous people were there from all over the world, and I chatted up people from South Africa to San Francisco. One tip is to take the Hilton Omaha shuttle from the airport because you will be much closer to the city center and your hotel. The Hilton Omaha employees were so nice, they allowed me to take the shuttle from their hotel to my hotel at the Comfort Inn. (The Midwestern kindness is no lie.) If you have a decent-sized budget, the newer Hilton Omaha is the best hotel. It is right next to the Convention Center where the meeting is held, and its shuttles will also take you to various Berkshire events, such as sale day at the Furniture Mart (which is massive and sells much more than just furniture, including cameras, laptops, etc.). Another Hilton is a few blocks away and has a great restaurant that serves wonderful steak. This brings me to the best tip about Omaha. Have steak, more steak, and when you're done, top it off with a porterhouse steak. Gorat's Steakhouse is the most famous restaurant in Omaha due to Mr. Buffett's frequent visits, but the Hilton restaurants serve some mighty fine steak also. The only other place I had better steak was Michael Jordan's Steakhouse at NY's Grand Central station, but that's another story. (Just imagine two college students looking at the menu and trying to decide how to eat and not take out a small loan--and the bathroom had an attendant, which I had never seen before. It was all worth it, by the way.) So again, order the steak.

When I landed in Omaha, NE, I realized that I did not have my pass. Each shareholder is entitled to four passes/tickets. For most shareholder meetings, simply bringing the proxy is sufficient. Not so for this event. Here, you have to send back a small document asking for a pass when you get the proxy in the mail. If you do not do this, you can go the Convention Center the Friday before the meeting and get a pass. (I found this out after almost suffering a heart attack on Thursday, the night before I was to board the plane and saw an unusually colored paper sticking out of the annual report.) Everything worked out, and the staff was very friendly. The key point is that if you are a shareholder, you can bring three guests (at least in 2007).

I am still giddy about the visit, and there is much more to tell, but I will save the stories for another day. I shook Warren Buffett's hand, which was my last goal on my list of things to do before I turned 30. Yup, I am still giddy.

Wednesday, June 6, 2007

Jamba Juice, Shareholder Meeting

One of the benefits of living in California is that many popular companies are based in the Bay Area. I enjoy attending annual shareholder meetings, and the Peet's meeting this year was wonderful. While Peet's is based in Emeryville, CA, the meeting took place at the new roasting facility across the beautiful Oakland Bay. I spoke with the Chairman who told me about Peet's history (Peet's first store was in Berkeley, but Peet's was originally Starbucks and then sold the first few stores in Washington state to "some guy named Howard Schultz," as the Chairman explained, with a smile).

Jamba Juice's annual meeting--its very first one--also took place in Oakland, at the Marriott City Center near Chinatown. The Chairman was impressive to listen to, but the other speakers seemed more focused on marketing than the nuts and bolts of running a business. In an industry where location is everything, Peet's and Starbucks are snapping up almost all the great locations. For example, Peet's just opened new stores in Morgan Hill and downtown San Jose. Those could have been Jamba store locations. Unless Jamba intends on selling its product over the Internet or solely in stores, it needs to focus on locations and favorable lease terms to increase revenue. I was disappointed that the company does not purchase any futures contracts, but a corporate officer explained that the primary product they use was strawberries, and no futures market exists for that ingredient. He also explained to me that Jamba Juice tends to favor suburban locations rather than business-centric, downtown locations because suburbia offers seven-day-a-week foot traffic, whereas business districts are typically ghost towns on weekends.

Some other interesting notes: Jamba is focusing on opening kiosks in airports and perhaps also having drive-thrus. They seem to be shying away from a heavy physical presence, perhaps because of high rents--especially closer to the more residential areas in Washington and California, where strip mall rents are much higher than average. But why go public if the money raised will not be used to increase a physical presence? A private company can just as easily enter into partnerships and devise marketing plans.

The Chairman stated that he has received many offers to open stores internationally but he was being cautious about opening abroad because he wanted to carefully control the brand's image. Another speaker dropped an interesting tidbit about Jamba partnering with another major player to sell beverages in stores. If Jamba partners with Coca-Cola, which has been increasing its non-soda portfolio of assets, most recently with Caribou Coffee, then perhaps the stock will experience a short term boost.

Most disappointing was that Jamba did not offer any of their products at the meeting. For a first time meeting, however, perhaps Jamba did better than most would have.

Julian Bond, American Hero

One of my heroes is Julian Bond. Someone once remarked not to have heroes because they will let you down. I suppose that's a recognition that any human being is fallible under certain circumstances, but I don't expect Julian Bond to ever let anyone down. I have never understood why Jesse Jackson and Al Sharpton seem to be more famous than Julian Bond, who is more intelligent, more articulate, and more photogenic. It's almost as if the universe reserves the best among us for those who put a little effort into searching for the divine.

His commencement speech at Loyola University in New Orleans in 2007 was beautiful. I especially liked these lines:

"Don’t let the din of the dollar deafen you to the quiet desperation of the dispossessed. Don’t let the glare of greed blind you to the many in need. You must place interest in principle above interest on principal."

In our increasingly material world, Bond and other civil rights leaders remind us what is important. I first heard him speak at an ACLU dinner in San Jose. When I left, I was a changed man. I've heard Mike Wallace, Warren Buffett, Wesley Clark, Desmond Tutu, Steve Jobs, and even Dave Barry speak, but none of them had the impact that Bond had on me. His ability to be inspirational while calmly forceful creates a powerful impact on any listener. I have tried to imitate his style as much as possible, but I cannot replicate the hold he has over an audience. It's not just charisma--Steve Jobs and Warren Buffett have that in spades; it's not a particular kind of voice--Wesley Clark has a great voice; Bond just has something that makes you feel proud to be a human being.

Tuesday, June 5, 2007

The Innocent Man, by Grisham

I first dismissed this book because Grisham's fiction has never appealed to me. As an attorney, I've found that my daily working life interferes with the exciting premises I am asked to accept from legal fiction. As a result, I almost made the mistake of skipping _The Innocent Man_. Grisham's first nonfiction work about families in Oklahoma brought together by unfortunate circumstances will shake your faith in the justice system. I've read elsewhere that the Supreme Court at one point almost lost its collegiality because of a split in justices who refused to affirm any death penalty conviction as a matter of principle. This book provides some insight into what the Supreme Court during Thurgood Marshall's time must have been seeing to create that kind of schism.

Grisham begins by with a plot that could have come straight out of _Moneyball_--i.e., a talented kid from the Midwest with a powerful arm gets discovered by the A's and negotiates with prudent management for a decent signing bonus. When the bonus is sufficiently raised, Ron Williamson, brimming with confidence, chooses money/salary over a college education and a scholarship, but when he is injured, his entire life is then spent fighting for a spot in the minors. When the various stints in the minors fail, Ron goes into a destructive spiral and overzealous law enforcement connects him and his friend to a gruesome murder.

I've heard lawyers say that the criminal justice system favors the prosecution because everyone assumes the D.A. only brings cases where it is sure to convict. As a result, it is terribly easy to buy into the paradigm of Eliot Ness cops arresting violent miscreants, and more difficult to imagine a perfect storm of egotistical D.A.s and the forensic specialists who could be biased because they are on the same county or public payroll and work closely with law enforcement.

What was especially stunning to me was how much the prosecution used inherently unreliable hair samples. Even as an attorney, I did not know how unreliable some so-called scientific data was, and this book was a good education for me and exposed bias I did not even know I had. Overall, an excellent book, and one that is sure to make you question the criminal justice system without the typical pointing to race as a factor.

Monday, June 4, 2007

The Winner-Take-All Society, by R. Frank

This book basically says that the rat race is harmful and we should constrain spending, because happiness isn't really what we have, but what our neighbor has; therefore, by creating incentives to spend less, we can create a trickle-down effect of less consumption and have more time and less coarseness in culture. The only problem is that the authors--as bright as they are--do not spend much time explaining exactly how a consumption tax would work. One gets the feeling that they felt going into specific details was inappropriate for a mass-market book. Along the way, we also learn about fun variations on game theory, the predecessor to Paris Hilton, and some prescient warnings on steroids. Despite the negative comments about lawyers in the book, I enjoyed it very much. The author reminds his readers, through facts and research, to be more humble and to remember that because the number of top positions is few in the U.S., it cannot be the case that all our dreams will be realized. While depressing on the surface, one may wish the participants on American Idol had read this book before appearing on national television.