Wednesday, March 26, 2025

"The Myth of the Secret Genius"

I was sorting through my draft folder when I came across this post by Brian Klaas. I'm embarrassed that I didn't get around to posting this when I first saw it. It's a natural fit with our ongoing Ithuvania thread. 

Fortunately, it's more relevant now than when it first came out.

But those who doubt The Secret Geniuses, or express skepticism about their methods or their madness, must simply not be smart enough to see the bigger picture. If you question the Secret Geniuses, then all you’re doing is exposing yourself as one of the stupid proles, someone unable or unwilling to Think Big.

If you can’t understand why it was secretly smart for Elon Musk to pick a fight with the advertisers who used to give Twitter billions of dollars of annual revenue, well then you’ll just have to live with the fact that you’re too conventional and too conformist. We pity you for not seeing the bigger picture, they say.

...

But there’s something else going with the Secret Geniuses. Venture capital is a world where the most effective way to get investors is to convince them you’re different—a one in a million visionary. This phenomenon is amplified because many investors are assuming that most of their bets will fail, but that every so often, one of their bets will produce a fat tail that leads to vast riches, as was the case with Facebook. When that happens, all the previous failures become meaningless, because the billions produced by the one success dwarfs the millions poured into the businesses that collapsed.

Everyone in venture capital is looking for their Secret Genius.

So, what’s the rational thing for an ambitious, money-obsessed narcissist with a start-up to do? Sell them one. Give them the myth they want to believe.

Elizabeth Holmes, I suspect, knew she wasn’t really a Secret Genius, and could admit to herself that what she was selling was fraudulent, a failed technology dressed up in technical language that would trick people into believing it was the real deal, with the help of her confident smoke and mirror show. Elon Musk, I suspect, is high on his own supply and takes it as granted that everyone else (and especially his critics) is much stupider than he is.

But whether the Secret Geniuses believe they are geniuses or not doesn’t really matter. What matters is what their investors think.

That dynamic creates strong incentives for already eccentric narcissists to indulge their worst impulses. Set yourself apart from the crowd in ways that dazzle people and you can create a self-fulfilling prophecy with other people’s money. Using signalling theory, the Secret Geniuses develop ways to stand out, hoping it will convince doubters that they just don’t understand the genius (this is likely why Mark Zuckerberg has a terrible haircut mimicking Julius Caesar and always wears the same shirt).

 ...

Power, like wealth, is a magnet that attracts dangerous hucksters, and then rewards them. As I’ve written in my latest book, Corruptible, three traits known as the Dark Triad tend to, unfortunately, produce success. The three traits (Machiavellianism, narcissism, and being a psychopath) are disproportionately correlated with obtaining power, and by extension, wealth. I’ll leave it to your judgment to determine how many of the three apply to, say, Elon Musk.

Then, there’s overconfidence and over-promising. For whatever reason, we almost never punish rich people who over-promise and under-deliver. 

...

The Gates Foundation, which rewards grant money to applicants, subjected its awards to scrutiny and found something fascinating. The grant applications that promised the moon were more likely to get funding than those that promised more modest, realistic results. But when the proposals actually got funded, those that over-promised frequently delivered similar results to those who accurately depicted their research.

The language used mattered a lot. If someone referred to their research as “innovative,” or “game-changing,” for example, they would be more likely to get funding than if someone accurately depicted it as an important, but incremental step toward better knowledge. And guess who tended to use over-confident language that promised the moon?

Men.

The study therefore showed that one reason for gender bias in grantmaking isn’t due exclusively to sexism, but also to the fact that men were more willing to sell a big idea with more expansive, over-confident promises.

Now, imagine that instead of the more sterile world of Gates Foundation grant applications, you’re sitting around a table in Silicon Valley with a bunch of super-rich tech bro investors who are looking for their Secret Genius. Who do you think gets the most money?

 

Tuesday, March 25, 2025

You can hardly blame the New York Times for trusting Netflix. It's not like the company has a record of pulling this crap for more than a decade.

I kid, of course.

From CJR via Andrew Gelman,  

When stock markets closed on January 19, 2021, Netflix posted a press release with its end-of-year financial results. Business is booming, the message went. About a year into the coronavirus pandemic, the company had provided “escape, connection, and joy” to more than two hundred million subscribers. A New York Times journalist had an hour to review Netflix’s earnings report: eleven pages, half corporate-speak, half dense tables filled with accounting metrics—some of them standard, some invented. During after-hours trading, Netflix stock began to rise.

The pressure was on to explain the numbers while standing firm against salesmanship. In its release, Netflix had highlighted operating income. That excluded hefty interest on its debt (the company had borrowed sixteen billion dollars to fund a spree of shows) and the expense of taxes (a year before, Netflix had quadrupled its profit by emptying a tax reserve that it had only recently stuffed). But Netflix’s finance whizzes had turned straw into gold. The Times story duly noted the company’s rising operating income, not the fact that profit was down 8 percent for the quarter—and the drop looked even steeper when compared with the burgeoning sales. (Netflix declined to comment for this piece.) Profit wasn’t discussed in the release; the number appeared as the bottom line of a required financial statement.

But in Silicon Valley, where Netflix is based, growth is king. The pandemic had delivered a boost to subscriptions and paused new productions; without crews to pay, Netflix had piled up extra cash. The company announced, in bold type, “We believe we no longer have a need to raise external financing for our day-to-day operations.” The Times noted that Netflix would still have ten billion to fifteen billion dollars in debt, but said that the company “made enough revenue to pay back those loans while maintaining its immense content budget.” Netflix now makes enough to repay its debt, the story went; “the gambit seems to have worked.”

The article was written, edited, and posted in seventy-eight minutes. Alas, it was wrong. Netflix, in fact, had said that it would pay off only the part of its debt coming due—a billion dollars—and “explore” using the rest of its cash to buy back its stock. (A Times spokesperson said that the paper stands behind its reporting.)


Netflix has been misrepresenting its performance and business model for about as long as it's been in the streaming business.

The two great traditions of creative accounting are found in Hollywood and Silicon Valley, so it is hardly surprising that the company that occupies the intersection in the Venn diagram has done some particularly interesting work. You can find plenty of stories about questionable reporting and dubious viewership metrics. There is, however, curiously little attention paid to the big lie that started it all.

The original Netflix narrative, the story that drove the stock to such spectacular heights and won over virtually all business and entertainment journalists covering the story (at least on the East Coast), was that of a tech visionary disrupting yet another industry and making the studios obsolete.

In defense of Netflix, the current system, where a handful of companies have a stranglehold on the industry, is desperately in need of some disruption. To the extent that this was a conflict between Netflix and Disney, Warner, et al., there's really not a side to root for. It's more of a Godzilla-versus-Rodan situation. All you can do is sit back and enjoy the destruction.

The citizens of Tokyo, in this analogy, might be the investors who bought the stock based on the claim that Netflix was about to produce so much high-quality programming that they would be completely self-sufficient in a few years. The company would have so much great stuff that they could drop everyone else's movies and shows and their subscribers wouldn't mind.

The idea that Netflix was building a content library this massive was always absurd. The current IP landscape is a distillation of almost 100 years of shows, movies, characters, and franchises produced by an international industry. The best of these properties have held or even increased their value decade after decade. Furthermore, the secret to creating new valuable properties was—and is—essentially a black box. No one knows how to create the next Batman, James Bond, or Friends.

It was silly of these journalists to believe that Netflix could do this. It was stupid and negligent of them to believe that Netflix was actually trying.

Here was the dirty little secret of the first few years of Netflix's original programming: while convincing gullible souls at places like The New York Times that they were building this massive content library, they were, in fact, buying nothing. They didn't own House of Cards. They didn't own Orange Is the New Black. They didn't own Unbreakable Kimmy Schmidt. Other than the name "Netflix," they owned virtually nothing. It was true that they were spending billions of dollars producing new programming, but all they were getting for that money was the right to exclusively air those shows for a few years. If Netflix wanted to continue streaming these shows after the license agreement ran out, they would have to either pony up whatever the owners demanded or watch these shows move to other venues. Case in point: Daredevil and the rest of The Defenders are now available on Disney+.

This is a variation of one of the oldest scams in the book: passing off leases as ownership. A business projects an air of success and affluence by giving a false impression of sizable assets. After one of these operations collapses, it is commonly—and in this case, somewhat ironically—known as a house of cards.

Netflix showed no interest in actually acquiring IP until some West Coast journalists and a few obscure bloggers made this enough of a story for investors to start getting concerned. At that point, the company began to make a great show of buying programs outright, though even then the new policy had far more exceptions than Netflix would have people believe. To this day, subscribers spend most of their viewing hours on the service watching pre-existing content like NCIS, Suits, or Gilmore Girls. But even among original programming, many—if not most—of their biggest hits, such as Lucifer and She-Ra, are still owned by other companies.

Perhaps we can't blame Netflix too much for this and other distortions and misrepresentations. They were, after all, just following the age-old mantra of Silicon Valley: "Fake it till you make it." We can and should, however, blame respected and supposedly responsible journalists who continue to let themselves be suckered by the faking time and time again.

Monday, March 24, 2025

"First class tickets for ships that have sailed" -- a ten-years-ago-at-the-blog repost

 [A quick side note. Bob Chipman, a film critic and pop culture historian whose work I enjoy and which I cited recently is no longer with the Escapist. If you want to keep up with his work, you can check out his blog here.]

The following is a nice example of putting popular culture in a business context. It also relates to an ongoing discussion I've been having with Joseph.



Joseph and I were discussing this very point about collectibles a few weeks ago as part of a larger conversation about investments and compensation, specifically cases where people made decisions in the hope of events repeating despite the fact that they were almost certainly a one time payoffs.

Growing up in Arkansas my go-to example is the Walmart millionaire box boy. Years before the stock took off, Sam Walton's wife convinced him to start a program that rewarded employees with either stock or stock options. When the boom came, a number of long-term employees found themselves very well compensated. As a result, virtually everyone in the area either knew someone or knew someone who knew someone who had become a millionaire from working a fairly low-wage job at Walmart.

These stories floated around for decades. They helped enourmously with morale and recruitment. People will tolerate a great deal for the possibility of a multimillion dollar payday down the road, but of course the boom was a one time event. By the time that people heard about the multimillionaire box boys, the last one of these had already been minted.

Joseph and I both saw a similar phenomenon working for you high-growth company in the early part of the millennium. The corporate folklore was filled with examples of people who had either gotten tremendous payouts from stock options or who had gone from the bottom to the top ranks of the company with shocking speed . Interns and secretaries who had become millionaires and vice presidents in the space of a few years.

For the most part, these anecdotes were true but that was largely beside the point. A few years earlier the company had been a start up now it was a major corporation. The career path and compensation associated with that particular transition were huge but there was no way they could be replicated once the company had arrived.

Of course, these stories didn't just spread by themselves. The companies in question did their best to make sure their employees knew that in the past there have been big pay offs . The result was a kind of false compensation. "We are not saying that your menial job here will lead to great wealth and position, but it has happened before." It is probably not a coincidence that Walmart's increasing labor problems seem to have picked up steam as the legends of millionaire cashiers faded.

Friday, March 21, 2025

Still a better branding choice than "Soylent"

xAI calls its supercomputer Colossus

 
We could go back and forth about how much this is a joke or how much self-awareness it shows, but the main thing you should take away from this is that, as previously mentioned, Elon Musk and most of the other heralded Tech Messiahs got the vast majority of their ideas from postwar science fiction magazines, movies and TV shows.








Thursday, March 20, 2025

Perhaps we should let Turing off the hook as well

A little while back, we came to the defense of Arthur Conan Doyle by pointing out that surprisingly many intellectuals and scientists including those of the caliber of Albert Einstein and Pierre Curie, believed in or were at least open to the possibility of the paranormal back in the late 19th and early 20th centuries, and that these beliefs were far more defensible 120 years ago than they are today.

Curie had company. William Crookes and fellow Nobel laureate Charles Richet were two of the many scientists who devoted a large part of the time to paranormal research. Albert Einstein wrote the preface to Mental Radio. Respected publications published serious discussions about psychic and supernatural phenomena. Not everyone was a believer, but it was rare to find people in the "absolutely, positively no-way" camp either.

Nor were the Curies the only ones to make a connection between the fantastic scientific discoveries of the day and the possibility of the paranormal. When Edison stumbled on the first radio transmitter back in the 1870s (that’s another story we need to get into), he wondered if it might explain telepathy. When the later debunked N-rays were announced, scientists speculated that they too might explain psychic phenomena.

When you are constantly bombarded with news of the seemingly magical—be it cylinders that capture voices, strange rays that let doctors see through flesh, or communications that somehow travel instantly through the air—it would probably seem foolhardy to prematurely dismiss the possibility of something outside of our range of knowledge.

We, on the other hand, have two large bodies of knowledge to draw on when evaluating claims of the supernatural. First, we have well over a century of paranormal research where, when you take out the frauds and the fatally flawed test designs, you find no support whatsoever for these claims. Second, we have a century of research into physics that has effectively ruled out any possibility of these forces causing ghosts to walk or psychics to tell you anything that couldn't be learned from a cold reading.


This still didn't explain why someone would still be making these claims in the middle of the last century: 

 ‘I assume that the reader is familiar with the idea of extra-sensory perception … telepathy, clairvoyance, precognition and psycho-kinesis. These disturbing phenomena seem to deny all our usual scientific ideas … Unfortunately the statistical evidence, at least for telepathy, is overwhelming … Once one has accepted them it does not seem a very big step to believe in ghosts and bogies.’


These words weren’t published in the pages of an obscure occult journal or declared at a secret parapsychology conference. They weren’t written by a Victorian spiritualist or a séance attendee. In fact, their author is Alan Turing, the father of computer science, and they appear in his seminal paper ‘Computing Machinery and Intelligence’ (1950), which describes the ‘imitation game’ (more commonly known as the ‘Turing test’) designed to establish whether a machine’s intelligence could be distinguished from that of a human.

The paper starts by setting up the now-famous thought experiment: a human, a machine, and an observer who asks questions. If the observer cannot work out which one is which based on their responses, the machine has passed the test: its intelligence is indistinguishable from that of a human mind. The vast majority of the paper addresses various objections against the experiment from mathematics, philosophy of mind, or from those sceptical about the power of computers.

But, about two-thirds of the way through the paper, Turing addresses an unexpected worry that might disrupt the imitation game: telepathy. If the human and the observer could communicate telepathically (which the machine supposedly could not do), then the test would fail. ‘This argument is to my mind quite a strong one,’ says Turing. In the end, he suggests that, for the test to work properly, the experiment must take place in a ‘telepathy-proof room’.

Why did Turing feel the need to talk about telepathy? Why did he consider extrasensory perception a serious objection to his thought experiment? And what about his peculiar mention of ghosts?

Matyáš Moravec, a lecturer in philosophy at Queen’s University Belfast, explains that Turing's beliefs may have been questionable at the time, they weren't all that unconventional in the mid-century halls of Cambridge. 

 In 1882, a group of scholars associated with Trinity College, Cambridge, founded the Society for Psychical Research, a learned society whose aim was to study these phenomena with scientific rigour. Over the course of its existence, the society counted among its members some of the brightest minds of the time, including the author Arthur Conan Doyle and the physicist J J Thomson. Its members displayed various levels of commitment to the phenomena of the séance room. Some were very committed, such as the physicist Oliver Lodge, who wrote a highly influential book containing records of séances where he communicated with his son who was killed in action during the First World War. Some were much more sceptical, like Eleanor Sidgwick, a physics researcher and the principal of Newnham College, Cambridge, or John Venn, the inventor of the Venn diagram. Despite the differences in their level of commitment to the reality of paranormal occurrences, this heterogeneous group of scholars agreed that these phenomena deserved scholarly attention.

A high number of professional philosophers either joined the society or engaged with its findings. The ethicist Henry Sidgwick (Eleanor’s husband) was one of its founders, together with F W H Myers, the inventor of the word ‘telepathy’ and an unusually committed member: according to at least one report, he continued his involvement after his death, sending messages from the beyond via various mediums (a sort of extreme version of the professor emeritus who occasionally drops by the department). Such esteemed philosophers as Henri Bergson, William James and F C S Schiller were each elected president of the society. Many other philosophers, such as May Sinclair, were regular members.

...

Serialism begins with the premise that anything that moves must move in time. For example, a car moving on a road is in one place at t1, and at another place further up the road at t2. If there was no time, it would be hard to describe the car as ‘moving’ at all. But, Dunne argued, time itself moves. It would be strange to say that time does not move. It cannot stand still. (The British philosopher Antony Flew noted that Dunne does not distinguish straightforward spatial motion from the elusive ‘flow’ of time, which is the main blunder that eventually leads to his bizarre theory of time.) So, Dunne thought, there must be a meta-time or hypertime, a higher series of ‘time above time’ describing the movement of the time we inhabit. But this ‘time above time’ must also move (otherwise it would not be time). So, there must be a third series of time, and so on to infinity. Dunne believed that, when we dream, our minds can gain access to these higher series of times, some of which contain future events.

The book became a bestseller. It was republished in several editions and influenced several key 20th-century writers, including Jorge Luis Borges, C S Lewis, J B Priestley and J R R Tolkien. The physicist Arthur Eddington wrote an approving letter to Dunne, which was published in later editions of the book. The wider public became fascinated with the idea of ‘seeing the future’, to the point where the phrase ‘Dunne dream’ became a shorthand for any precognitive dream.

By contrast, the book was ridiculed in academic circles. Not so much because Dunne believed in precognitive dreams (as a matter of fact, many academics thought that the catalogue he provided of these dreams was the only valuable thing about his book [This strikes me as particularly significant. Lots of intellectuals accepted the idea that precognition was real of needed to be studied; they were just skeptical of that particular explanation. -- MP]), but because of his bizarre theory of time. One reviewer in The Journal of Philosophy said that it was very hard to take it seriously, another in Nature considered the possibility that the book was just a practical joke, and an unimpressed philosopher called serialism a ‘logical extravaganza’.

Broad was the only professional philosopher to seriously engage with Dunne. Trinity College holds Broad’s own copies of Dunne’s books, whose margins are covered in extensive notes containing suggestions for fixing serialism and using it to generate a philosophically robust explanation of precognitions. He even published a stand-alone paper on Dunne in the journal Philosophy in 1935, and Dunne features in several places of his magnum opus, Examination of McTaggart’s Philosophy (1933-8).

Broad addressed what might be called the ontological problem with precognitions. In the first half of the 20th century, one of the most widely accepted views of time was the ‘growing block’ theory, which says that the past exists, the present exists, but the future does not. This accords pretty well with our everyday intuitions about time, but poses a particular philosophical problem for the existence of precognitions. Say I foresee, in a dream, what happens next Saturday. Supposing the growing-block theory is true, next Saturday does not (yet) exist. So, what was it that I saw in the dream? How could I have seen something that does not exist?

The engagement with Dunne motivated Broad to propose one of the first ‘hypertime’ theories. This is a group of theories that claim that time has two (or more) dimensions, similar to the way that the space we inhabit is three-dimensional. In Broad’s view, one dimension had a growing-block structure. In this dimension, the future does not exist. But, he suggested, there could also be a second dimension of time in which the future does exist, and so contains the foreseen event. In a precognitive dream, we gain access to it. This is a streamlining of Dunne’s logical extravaganza: Broad got rid of the idea that time itself must move through time, and ditched the ‘infinite’ series of dimensions. Two dimensions are enough.

 

 

 

 

 

 

Wednesday, March 19, 2025

Noah may be overthinking "We'll do the Flintstones but in the future, with robots instead of dinosaurs."

I wrote this about a year ago but it somehow disappeared into the draft folder shortly after Noah Smith wrote this post. Fortunately, though, critiques of techno-optimism have remained as relevant as ever (and dovetails nicely with last Friday's post).

This is why The Jetsons focused on robots doing housework; they knew that this would be one of the technological innovations that would have the most immediate and unambiguously positive impact on Americans’ quality of life — especially women, who at that time were even more disproportionately burdened with housework than they are now. Housework is a job we want the robots to take.

 

In the fifties and sixties, ABC was a perennial third out of three, so it was open to ideas like primetime cartoons. This paid off with the Flintstones, a big hit by the network's standards, so an internal rip-off was inevitable. 

Here's what we said about it in a previous post:

When people talk about the Jetsons having one season, they are talking about its original prime time run. ABC in the 50s and 60s was more or less in the same position as Fox in the '90s, a perennial last place and a bit of a joke. This was partially due to the network's origin. It was carved off from NBC as the result of an antitrust action from the government against NBC. Like Fox, ABC tried a lot of out of the box programming including prime time animation. They had a moderate hit with The Flintstones which ran for a number of years. The Jetsons was an attempt to cash in on what they hoped would be a trend. (Jonny Quest also had its initial run in prime time on the network.) By the late Sixties, no one in the target audience had any idea that any of these shows had ever been anything but Saturday morning cartoons.

In addition to being inspired by The Flintstones which was itself a rip-off of The Honeymooners, The Jetsons lifted most of their premise and many of their gags from the still well remembered at the time movie series Blondie, even going so far as to cast the same lead actress.

Lifting characters and premises from other people's intellectual property was a bit of a Hanna-Barbera specialty. While it was common practice for the all cartoon studios to toss in celebrity caricatures and other references/homages, (see Andrew Gelman's class Foghorn Leghorn), HB took things to an extreme, seldom producing anything that wasn't at least partially lifted from familiar pop culture. For example, Scooby-Doo was a mashup of Dobie Gillis (particularly Bob Denver's character Maynard G, Krebs) and the fake haunted house genre. (Shaggy is also class Foghorn Leghorn).


If you're looking for where a Hanna-Barbera concept came from, you should always start (and probably stop) with the familiar pop culture of the time. In addition to the Flintstones, that included wise-cracking housekeepers. Hazel, which had debuted the year before, was the fourth highest rated show in the country. The studio's decision to include a robot maid is not really a head-scratcher.

 I know this all seems rather trivial given the news recently, particularly since Noah Smith is a sharp guy, and we're going to be picking on him quite a bit over more substantial issues in the coming weeks, but the techno-optimist crowd, led by people like Marc Andreessen and Elon Musk, has amassed considerable economic and political power and exerts a wildly disproportionate influence on the discourse, and for those reasons alone, it is essential that we understand this movement and where it's coming from. 

When you take a deep dive into this, you soon arrive at the frightening realization that our supposedly serious discussions of the future are mainly based on adolescent post-war science fiction. (I should probably try to work the vanity aerospace industry in here somewhere.) Arguments about the coming wave of technology based on Saturday morning memories of a 65-year-old cartoon show are absolutely on-brand.

Tuesday, March 18, 2025

Every picture tells a story

 A bit of context. Substantially more people died in the Eaton fire than in the Palisades fire. Far more people were left homeless in Altadena than in Pacific Palisades. In terms of the rest of LA, it was Eaton that came dangerously close to highly populated areas and could have racked up a horrific death toll had things gone differently. 

What happened in Altadena was many times more newsworthy than what happened in Pacific Palisades. There was only one reason to talk mainly about the latter: that neighborhood was where the rich and famous people lived.






Monday, March 17, 2025

"The SAT Gave Me Hope"

Back in 2014, the New York Times published a brief memoir about taking the SAT and how unfair it had been. This was another case of the paper of record bravely leaping on the bandwagon -- almost everyone was going after standardized tests at the time. Absent from the opinion piece was any mention of the fact that the memoirist was attending one of the most elite prep schools in the country (the kind of place where you see names like du Pont on the alumni rolls) when she took the test.

Ten years later, after the tide of public opinion on the test had started to shift yet again, the NYT published another SAT memoir, this time from a woman whose situation and experience were very different. It's definitely a story you should read.

Opinion | The SAT Gave Me Hope
Emi Nietfeld

For many of us, standardized tests provided our one shot to prove our potential, despite the obstacles in our lives or the untidy pasts we had. We found solace in the objectivity of a hard number and a process that — unlike many things in our lives — we could control. I will always feel tenderness toward the Scantron sheets that unlocked higher education and a better life.

Growing up, I fantasized about escaping the chaos of my family for the peace of a grassy quad. Both my parents had mental health issues. My adolescence was its own mess. Over two years I took a dozen psychiatric drugs while attending four different high school programs. At 14, I was sent to a locked facility where my education consisted of work sheets and reading aloud in an on-site classroom. In a life skills class, we learned how to get our G.E.D.s. My college dreams began to seem like delusions.

Then one afternoon a staff member handed me a library copy of “Barron’s Guide to the ACT.” I leafed through the onionskin pages and felt a thunderclap of possibility. I couldn’t go to the bathroom without permission, let alone take Advanced Placement Latin or play water polo or do something else that would impress elite colleges. But I could teach myself the years of math I’d missed while switching schools and improve my life in this one specific way.

After nine months in the institution, I entered foster care. I started my sophomore year at yet another high school, only to have my foster parents shuffle my course load at midyear, when they decided Advanced Placement classes were bad for me. In part because of academic instability like this, only 3 to 4 percent of former foster youth get a four-year college degree.

Later I bounced between friends’ sofas and the back seat of my rusty Corolla, using my new-to-me SAT prep book as a pillow. I had no idea when I’d next shower, but I could crack open practice problems and dip into a meditative trance. For those moments, everything was still, the terror of my daily life softened by the fantasy that my efforts might land me in a dorm room of my own, with endless hot water and an extra-long twin bed.

...

The hope these exams instilled in me wasn’t abstract: It manifested in hundreds of glossy brochures. After taking the PSAT in my junior year, universities that had received my score flooded me with letters urging me to apply. For once, I felt wanted. These marketing materials informed me that the top universities offered generous financial aid that would allow me to attend for free. I set my sights higher, despite my guidance counselor’s lack of faith.

Here's how her story turned out:

Emi Nietfeld is a writer and software engineer. After graduating from Harvard College in 2015, she worked at Google and Facebook. Her essays have appeared in The New York Times, The Rumpus, Vice, and other publications. She lives in New York City with her family.

And here's what we said eleven years ago:

This pool of those likely to gain is quite large. Having gone to a perfectly good but not outstanding public high school in the middle of the country, I can tell you that the best and often the only feasible way for most students to catch the eye of an elite college recruiter (with the possible exception of athletic accomplishment) is through high SAT scores. It is possible for a valedictorian from a no-name high school to get in to an Ivy League school without killer test scores, but they won't be pursued the way students who have broken 700 across the board on the SAT will. For a a lot of middle-class students, the SAT and ACT represent their best chances at a really prestigious school, not to mention the scholarships most Americans need to attend those schools.

Monday, March 24, 2014

SAT winners and losers

One thing I've noticed about the recent calls to end the SAT is that the test is framed entirely as an obstacle. At no point is there any suggestion that some students might have more educational opportunity because of the test. Obviously that can't be true. There is clearly a zero sum aspect to this. When someone bombs their SAT, Harvard does not reduce its admissions by one.

This pool of those likely to gain is quite large. Having gone to a perfectly good but not outstanding public high school in the middle of the country, I can tell you that the best and often the only feasible way for most students to catch the eye of an elite college recruiter (with the possible exception of athletic accomplishment) is through high SAT scores. It is possible for a valedictorian from a no-name high school to get in to an Ivy League school without killer test scores, but they won't be pursued the way students who have broken 700 across the board on the SAT will. For a a lot of middle-class students, the SAT and ACT represent their best chances at a really prestigious school, not to mention the scholarships most Americans need to attend those schools.

This suggest an interesting framework for looking at the likely winners and losers under the current SAT system. Let's define winners as those for whom the potential benefits of a very high score are larger than the potential downside from an average or below score and losers as the opposite.

What would these two groups tend to look like? We have already partially answered this question for the winners. They would come from no name public high schools. They would tend not live near a major academic center such as the Northeast or Central or Southern California (since proximity increases the chance of networking). They would be middle or lower income (or at least low enough for twenty or thirty thousand of annual tuition to be a significant hardship).

How about the losers by the standard? Remember these are people who would gain relatively little from a very high score. That rules out anyone not fairly well to do (most of the rest of us can really use a full ride scholarship). They would probably attend the kind of elite and very pricey prep schools that are expert at getting their students into top universities. They would have the support network of connections and role models that make the application process go much smoother.

We previously discussed the op-ed by Jennifer Finney Boylan. Boylan clearly saw herself as someone who was more likely to be hurt than helped by the SAT so it would be interesting to see how well her background matches the group above. A quick stop at Wikipedia reveals that, though Boylan has overcome many challenges in her life, academic hardship does not appear to have been one of them. At the time her anecdote took place, she was about to graduate from the Haverford School. Haverford is almost a living cliche of an elite prep school, one of those places where the rich and powerful graduate from and send their children to.

It's true that there are ways that people with money can gain an advantage on the SAT. There are, however, considerably more and more effective ways that people with money and position can gain an advantage in all of the other factors used to rank potential college applicants: grades; school standing; extracurricular activities; recommendations; connections; the daunting application process. Students in Boylan's position have massive advantages. You could make the case that, as a high school student competing for a spot in an prestigious university, the only time Boylan had to compete on a roughly even playing field was when she took the SAT and it is worth noting that she resents it to this day.

That said, I don't want to single Boylan out. My concern here is with the insularity of the elites in our society and with the way that certain media outlets, particularly the New York Times, have come to view the world from their vantage point.

Friday, March 14, 2025

At least he didn't call it 'crowd sourcing'

[While while looking for notes I'd made for last week's Hitchcock/Lovecraft post, I search for that author's name and this popped up. I wrote it twelve years ago but for some reason never got around to hitting publish. I've shifted a bit in my feelings about these writers, but for the most part, the following still stands.]  

I came across this piece by Jess Nevins as part of a silly they're-trying-to-suppress-Lovecraft thread on a chat room that will remain linkless. Overall, I thought it was pretty good, but this passage bothered me for a couple of reasons. First, of course, was the trendy and not all that apt use of 'open-source.' Second was how close this comes to, for me, the most interesting part of the Lovecraft phenomena before veering away:

"The question of why Lovecraft gained in popularity after his death and Clark Ashton Smith or Algernon Blackwood did not is slightly more complicated. Lovecraft escaped the fate of the vast majority of writers — obscurity, to a greater or lesser degree — through several extra-literary events. Luckhurst only alludes to Lovecraft’s letter writing, but it was critical in establishing Lovecraft as a literary presence to his contemporaries. Lovecraft was an extraordinary correspondent, writing an estimated hundred thousand letters in his lifetime, to fans and fellow writers, especially those working for the pulp Weird Tales. Decades before the social media, Lovecraft used letter writing to create a presence for himself in the consciousness of fans and writers and to create the social capital that paid off after his death.

"Too, Lovecraft was the first author to create an open-source fictional universe. The crossover, the meeting between two or more characters from discrete texts, is nearly as old as human culture, beginning with the Greeks if not the Sumerians. The idea of a fictional universe open to any creator who wants to take part in it is considerably newer. French authors like Verne [*] and Balzac had created the idea of a single universe linked through multiple texts, and following them, the dime novels and story papers of the late nineteenth and early twentieth centuries had established the idea of ongoing fictional universes, but those universes were limited to magazines published by the original stories’ publishers. It was Lovecraft who first created a fictional universe that anyone was welcome to take part in. Both during his lifetime and immediately afterward, other authors made use of Lovecraft’s ideas and creations in their own stories and novels. Lovecraft’s generosity with his own creations ultimately gave them a longevity that other, better writers’ ideas and characters did not have."
The open-source line seems rather silly both because this sort of thing had been going on for years and because it doesn't really describe the Lovecraft Circle. As for precedents, characters without clear owners (particularly from history, folklore and fakelore) were created by open groups of writers building on each others' ideas. For just one of the examples that preceded the Lovecraft Circle, check out Pecos Bill.

Some Lovecraft scholar might call me on this, but the Circle seemed to have mainly been established (Clark Ashton Smith, Robert E. Howard) or in a few cases promising (Robert Bloch) writers with a previous epistolary relationship with Lovecraft rather than something open to anyone. It was, nonetheless, an extraordinary bit of literary symbiosis organized around Lovecraft's impressive strengths and severe limitations.

Put bluntly, Lovecraft was an otherwise mediocre writer capable of moments of brilliance. His stories often had the impression of being rough drafts or, in the case of The Call of Cthulhu, notes for a story (critic E.F. Bleiler aptly called Cthulhu "a fragmented essay with narrative inclusions"). Lovecraft constantly produced wonderful elements but his finished works tended to be less than the sum of their parts.Writers like Howard could use these ideas to their fullest potential and by doing so could promote Lovecraft far more effectively.

Just to be clear, Lovecraft was a genuinely collaborative spirit, eager to participate and supportive of other writers (qualities probably enhanced by his association with the amateur press movement) and there was more to the Circle than just picking through Lovecraft's ideas. These were gifted people working in a period of great literary exploration that extended from high culture to genre fiction and the Circle's experiment in literary support and cross-fertilization is notable even given the standards of the time.



* Not exactly a consistent one. Thanks to a deeply muddled chronology, Mysterious Island takes place both before and after Twenty Thousand Leagues.

Thursday, March 13, 2025

I tried to come up with a snarky title, but I was hard-pressed to top "timeless appeal" -- another entry in our Adventures in IP thread

Not the worst IP proposal for a universe we've seen recently (remind me to talk about the return of Atlas Comics), but probably the most embarrassing to come out of a major production house (Legendary is the company behind, among other things, Dune).

 From Reactor:

Akiva Goldsman, the writer and producer involved with myriad film and TV projects including the recent Star Trek shows, Doctor Sleep, I, Robot, and Batman & Robin, is setting his eyes toward Irwin Allen’s 1960s sci-fi television shows Voyage to the Bottom of the Sea, Land of the Giants, and The Time Tunnel.

According to Deadline, Goldsman is working with Legendary Television to create “a unified vision for these stories, bringing modern sensibilities to their timeless appeal, and expanding upon his success in revitalizing the Star Trek universe.”

 

For those of you who have not wasted large parts of your lives watching second-rate movies on bad television, Irwin Allen was a producer mainly active in the '60s and '70s. He became famous for producing a string of disaster films, starting with The Poseidon Adventure—probably his best film—and The Towering Inferno. Today, however, he is best known for producing Lost in Space, a show that is largely remembered because a guest star, Jonathan Harris, decided to start rewriting his lines in a successful effort to avoid being written out of the show. (Harris's account has been confirmed by numerous sources, including his co-star Billy Mumy.)

Lost in Space was the second of four science fiction shows Allen produced in the '60s, the other three being Voyage to the Bottom of the Sea (based on a profoundly silly but successful feature film that Allen produced and directed), The Time Tunnel, and Land of the Giants. The shows were not, by any standard, a "universe," but thanks to Allen's heavy recycling of sets, props, and costumes—and his already notorious overreliance on stock footage—they all tended to look the same.

The drive to accumulate intellectual property with any name recognition whatsoever has been going on for decades, particularly on the part of Disney and Warner Bros. This kicked into even higher gear with the emergence of the Marvel Cinematic Universe, for at least a few reasons. First, of course, were the billion-dollar-plus box office takes of these movies. Perhaps more importantly, though, it showed that lesser IP could be turned into major franchises. (Characters like Iron Man and Thor were decidedly second-tier before the MCU made them stars. The only reason Marvel gave them a chance was because the company had previously sold off the rights to their biggest names—the Fantastic Four, the X-Men, and Spider-Man.) Finally, the "universe" approach offered incredible opportunities for synergy. The critical and commercial success of the reimagined Battlestar Galactica added to the excitement.

So far, no attempt to recapture that magic has succeeded. DC has had decidedly mixed results. The Universal MonsterVerse basically died in its crib. The attempt to tie all of the Bond films together with Spectre got an overwhelmingly hostile reaction. Even Marvel has stumbled trying to come up with a second act after the Infinity Saga. Nonetheless, studios continue to dig up properties that are more and more obscure—and less and less suitable for revival.

The non-Lost in Space Irwin Allen shows are around 60 years old and were largely forgotten by the end of the decade. There are no plot elements or characters that lend themselves to adaptation, nor is there anything about the shows that suggests they should share a common universe.

 Is it possible to make a hit, even a hit that also happens to be a genuinely good piece of work? Of course it is. Have talented people in front of and behind the cameras saved studios from the consequences of bad executive decisions? Countless times. But make no mistake, that sound you hear in the background when you read a story about someone acquiring an increasingly obscure piece of IP is the scraping of the bottom of the barrel.

Wednesday, March 12, 2025

How can we possibly hope to rebuild after losing more than one half of a percent of our housing?

 Two months later and the Wall Street Journal is still pushing the drama (not to mention a couple of its favorite narratives).

Rebuilding Los Angeles Is California’s Economic Moment of Truth

As I've said before, I don't want to minimize the loss and personal tragedy experienced by the residents of Altadena and Pacific Palisades, but this has just gotten silly.

This is not San Francisco after the earthquake. The combined population of the unincorporated L.A. County community of Altadena and the L.A. City neighborhood of Pacific Palisades was somewhere around 65,000, with about two-thirds of them living in the Altadena. That's a lot of people experiencing a great deal of human suffering, but we have to keep some sense of proportion. Los Angeles County has around 10 million people. 

Other than four or so days of bad air and some admittedly scary reporting around the possibility of things spreading into much more densely populated areas, the fires had no direct impact on the vast majority of Angelenos. Other than some burn scars on some of the mountains, most of us haven't even seen any signs of the fires. To say that life goes on would be a massive understatement.

It would take some work to check, but it certainly seems like the press forgot about Hurricane Helene faster than they forgot about the L.A. fires, despite that storm killing hundreds and leaving hundreds of thousands displaced, though, in defense of the editors and reporters covering that other story, almost none of those houses belonged to movie stars.

Tuesday, March 11, 2025

Note to Elon: When people are accusing you of being a Nazi, blaming it on a George Soros conspiracy may not be the smartest move.

It's not often that I recommend a Motley Fool article over a Lawyers, Guns & Money post, particularly not one by Scott Lemieux, but these are strange times.

The markets, in general, have been doing horribly as of late, but Tesla is in a class of its own. Yesterday, the stock slid more than 15%, bringing it down more than 40% year to date. Most of the coverage, including the LGM piece, has stopped there, and if that were the whole story, the situation wouldn't be as bad as it sounds for Elon Musk, whose fortune overwhelmingly depends on the value of Tesla stock. Even with the ugliness of the past couple of months, the stock is still up almost 25% for the year. I'm sure that as you read this, there are Musk fans out there arguing that things are just returning to normal after the spike that followed the news of the Musk-Trump alliance and that things will level off when the company goes back to trading on fundamentals.

There are, however, two numbers that most writers are ignoring—numbers that have very disturbing implications for investors in the company.

108 and 21.

Tesla is a mature company. If it were a person, it could legally buy its own drinks. It also, even after yesterday's drop, has a price-to-earnings ratio over 100. That's about four times as much as you would expect from a mature tech company like Amazon or Facebook. It's about ten times as much as you would expect from a car company. Tesla is still priced like a start up.

Musk tried to reassure investors by telling them he believed a 1,000% increase in profits was possible over the next five years. Even with the "possible" qualifier, this would be an awfully ambitious claim, even for a company that was doing well. But Tesla's vehicle delivery numbers actually shrank in 2024, and 2025 was already looking to be worse before the head of the company—and retroactive founder—aggressively started destroying the brand. The company has a tiny number of badly received new products in the pipeline. The market is becoming more competitive, particularly with the rise of BYD. 

Now add on the branding disaster. Tesla owners are so embarrassed that they've been seen rebadging their once-trendy sedans and SUVs with the logos of other, less controversial carmakers. "Swastikar" is trending and producing some wonderful social media content—and some very pissed-off responses from fanboys. An ad campaign in Britain features the slogan: "Goes from 0 to 1939 in 3 seconds."

Musk's reaction may not be helping.

Unsurprisingly, Musk has disparaged Tesla Takedown as something astroturfed by wealthy liberals (and conflated the peaceful movement with attacks in which suspected arsonists threw Molotov cocktails at dealerships). On Saturday, he claimed without evidence on X that an “investigation” of some kind had revealed that wealthy philanthropists including George Soros, Reid Hoffman, and Leah Hunt-Hendrix were funding the groups behind Tesla protests through the Democratic fundraising platform ActBlue. Aside from misrepresenting how ActBlue works — it doesn’t fund anything but is rather a system through which donors can send money to Democratic political candidates and liberal organizations — Musk also pointed the finger at two more supposed financiers of Tesla Takedown, Herbert Sandler and Patricia Bauman, who died in 2019 and 2024, respectively.  

[Hoffman's take on Musk is especially insightful.]

But perhaps the most remarkable/saddest part of Elon Musk's 1,000% growth claim is that even if he could do it, it would only bring Tesla's market cap in line with other auto manufacturers. It's a situation where you need to win the lottery just to break even.


Monday, March 10, 2025

Ten years ago at the blog, March was pretty much Mars One month

It has largely been shoved down the memory hole, but in 2014 and 2015, virtually every major news organization was credulously reporting on a laughably obvious scam project that claimed it was on the verge of setting up a self-sustaining Martian colony funded by a reality TV show. The story was a triumph of lazy, sensationalistic journalism, fertilized by silly techno-optimism and Muskian bullshit about saving the planet by leaving.

Mars One has ended up where every reasonable person knew it would, but it's still worth remembering, if only to remind us to be more skeptical about the next "next big thing."

 

Monday, March 9, 2015
More on Mars One -- I expect this from ABC News but Sheldon?

Wednesday, March 11, 2015
More Martian musings – – reality shows and diet pills 

Tuesday, March 17, 2015
The Mars conversation I'd like to be having

Wednesday, March 18, 2015
Another Mars One update

Thursday, March 19, 2015
Elmo Keep's other must-read on Mars One  

Tuesday, March 24, 2015
Rocket Boosters 

Wednesday, March 25, 2015
At this point, the only things Mars One is likely to get into orbit are the wheels coming off of the bus

 Friday, March 27, 2015
Against a stupid meme, the gods themselves contend in vain 

Monday, March 30, 2015
No part of this project is credible 

Tuesday, March 31, 2015
I realize we're entering dead horse territory here -- UPDATED

These posts relied heavily on the reporting of Elmo Keep (for example). It's only fitting she has the last word.

Mars One Ends In Bankruptcy
by Elmo Keep
Feb 14, 2019

 

 

 

 

 

 

Friday, March 7, 2025

XKCD on DST


From XKCD


Monroe also suggests an alternate solution in the title text, averaging out the spring and fall changes and setting clocks 39 minutes ahead year-round. Commenting on this cartoon, the good people at Explain XKCD point out an unexpected benefit of the current system: in at least two separate cases, terrorists have blown themselves up due to failure to spring forward or fall back.




While Monroe's ideas are interesting, I'm still pushing for the plan where we set the clocks back one hour twice a month. Twenty-four slightly longer weekends and everything comes out even by the end of the year.

Thursday, March 6, 2025

Have we mentioned how unfair it is to single out Arthur Conan Doyle?

Yes, I'll admit that falling for those fairy pictures was pretty embarrassing, but Doyle had lots of company in his belief in the paranormal, including some remarkably distinguished late 19th and early 20th century names.

Brigit Katz writing for Mental Floss:

Marie and Pierre Curie readily admitted that nature was rife with mysteries that scientists had yet to identify and study. “[W]e know little about the medium that surrounds us, since our knowledge is limited to phenomena which can affect our senses, directly or indirectly,” they wrote in 1902, acknowledging that they did not fully understand the origin of radioactive energy.

Pierre was particularly fascinated by the paranormal. Introduced to spiritualism by his brother, the scientist Jacques Curie, he confessed in an 1894 letter to Marie that “those spiritual phenomena intensely interest me.” He believed that the paranormal realm was relevant to “questions that deal with physics,” and according to biographer Anna Hurwic, thought that spiritualism might uncover “the source of an unknown energy that would reveal the secret of radioactivity.”

... 

Just a few days before his death in 1906, Pierre wrote again to Gouy describing the last Palladino séances he would ever witness. “[T]hese phenomena really exist and it is no longer possible for me to doubt it,” he proclaimed. “There is here in my opinion, a whole domain of entirely new facts and physical states in space of which we have no conception.”

Marie does not appear to have been as intrigued by Palladino as her husband, according to Susan Quinn, author of Marie Curie: A Life. She had other demands on her time and energy, including her two young children and the intense public attention that followed her Nobel Prize win. But at the very least, Marie doesn't seem to have come away from Palladino’s séances as a firm disbeliever in the possibility of a spirit world—because after Pierre died, she continued to communicate with him.

 

Curie had company. William Crookes and fellow Nobel laureate Charles Richet were two of the many scientists who devoted a large part of the time to paranormal research. Albert Einstein wrote the preface to Mental Radio. Respected publications published serious discussions about psychic and supernatural phenomena. Not everyone was a believer, but it was rare to find people in the "absolutely, positively no-way" camp either.

Nor were the Curies the only ones to make a connection between the fantastic scientific discoveries of the day and the possibility of the paranormal. When Edison stumbled on the first radio transmitter back in the 1870s (that’s another story we need to get into), he wondered if it might explain telepathy. When the later debunked N-rays were announced, scientists speculated that they too might explain psychic phenomena.

When you are constantly bombarded with news of the seemingly magical—be it cylinders that capture voices, strange rays that let doctors see through flesh, or communications that somehow travel instantly through the air—it would probably seem foolhardy to prematurely dismiss the possibility of something outside of our range of knowledge.

We, on the other hand, have two large bodies of knowledge to draw on when evaluating claims of the supernatural. First, we have well over a century of paranormal research where, when you take out the frauds and the fatally flawed test designs, you find no support whatsoever for these claims. Second, we have a century of research into physics that has effectively ruled out any possibility of these forces causing ghosts to walk or psychics to tell you anything that couldn't be learned from a cold reading.

You and I aren't smarter than Einstein  or the Curies, but we do know a bit more.