Lagniappe: an unserious blog
Please to help me translate
Note from my maid service today, written while I was out of the house:
Thanks for yuor business!

Well to best eon House todoy
Should I be worried?
Miscellany
February investing
February 2006 2006 YTD Last 12 months
Ted Portfolio 3.4% 10.8% 23.6%
S&P 500 0.3% 2.9% 8.4%
Mortgage
(cost of capital)
0.4% 0.9% 5.25%

It's a miracle! Thank you, Saint Alex!

February isn't quite as good as it looks. I would have had a small loss for the month if it wasn't for a very profitable short-term short I held for five days at the beginning of the month when I detected that mainstream press coverage for an event I was following wasn't consistent with what the specialty press and blogs were reporting, and that the market was following what was in Reuters and AP. I didn't quite catch the high and the low, but I am not disappointed with the result.

Biggest drag on the portfolio was, you guessed it, Blockbuster. Eastman Kodak finally showed signs of life (but is one of my smaller investments), Carmax had a small pop, Six Flags started to, er, flag, Hasbro went down, and everything else sort of went sideways, slightly up or down.

Top 5 holdings:
1. Commerce Bancorp (CBH)
2. Carmax (KMX)
3. Wal-Mart (WMT)
4. Pier One (PIR)
5. Blockbuster (BBI)

Biggest unrealized capital gains
1. Six Flags (PKS)
2. CBH
3. KMX
4. PIR
5. Hasbro (HAS)

Please don't remind me that I sold 80% of my PKS at $7.45 (just in time to declare those gains on my taxes last year) so I could invest in a Wal-Mart stock that has gone sideways.

Biggest unrealized capital losses
1. BBI
2. 1-800 Flowers (FLWS)
3. Bristol-Myers Squibb (BMY)
4. Eastman Kodak (EK)
5. That is all.

BMY and EK are about break-even once dividends are included, though break-even is still a loss because of opportunity cost issues. After two consecutive less-than-satisfactory customer-service experiences with FLWS, I'm going to dump the stock at the first reasonable opportunity. I keep threatening to do the same with BBI, but fear the volatile possibility of it popping to 6 or 7 the minute I do.

You know you're a law geek when
You hear Anna Nicole Smith has a case before the Supreme Court and you think "Sexy! A case about federal jurisdictional limits!"
Set your TiVos
I'm supposed to be on "Your World with Neil Cavuto" on Fox News Tuesday, between 4 and 5 ET, discussing United Seniors' tobacco litigation. I also discussed it with the New York Sun. If you want a preview of my remarks-to-be, check my serious blog.

Also, I got my first quote in a West Virginia newspaper, though I said "slush," not "sludge."

And Forbes quoted me a few weeks ago about the James Frey controversy.

I'm almost certainly in the crowd shots of the C-SPAN coverage of Scalia's speech; a LaRouchie sat next to me to ask Scalia about the Treaty of Westphalia.
Malcolm Gladwell has a blog.
Arbitrage opportunity
WSJ:
Some collecting groups have created unstated policies. The 650-member National Milk Glass Collectors Society — a group devoted to opaque glass — holds an annual auction. When the rare young person shows up to bid on an item, older collectors lower their hands. "We back off and let the young person buy it. We want them to add to their collections," says Bart Gardner, the group's past president.
And, from the same article, the unwritten story behind this anecdote somehow entertains me:
Philadelphia Daily News columnist Stu Bykofsky, 64, has collected the last editions of 79 daily newspapers that closed down since 1963. His adult children don't want the old newspapers, which fill a closet. "The only kind of paper my family wants is greenbacks and stock certificates," he says.

He hasn't been able to find a university to take his collection, either. And now he's under the gun to get rid of it. He is about to marry his third wife, who is 27 years old, and in the prenuptial agreement, there's a clause that he must dispose of the collection by Dec. 31. She wants to store her shoes in that closet.

"At least I can wear my shoes," says his fiancée, Jennifer Graham. "He never reads those papers, and besides, he likes how I look in my shoes."
On a mildly related topic to the subtext of this anecdote, see Alex Tabarrok and the comments section.
Woo-hoo
Five Guys is opening a branch on 2300 Wilson, thus mildly improving the quality of my life.
Short endorsement for a book
The Areas of My Expertise, a present from my friend Trout (thank you, Trout!), is the funniest book I've read in the last ten years. I'm usually too jaded to react to humor, but this one had me laughing out loud on a crowded Southwest Airlines flight. The Daily Show interview with John Hodgman was what sold me on the book. An MP3 of the 700 hobo names from the book. Gothamist interview and Mediabistro interview. Hodgman's thirteen-part series for McSweeney's. And, hey, there's a book blog, though I appear to be several months late to the party. New Yorkers, I gather, were already aware of Hodgman from the Little Gray Book Lectures.

Related Posts (on one page):

  1. Waiting for the restaurant special
  2. Short endorsement for a book
Valentine's Day gift coda
LAN3 asks for the reveal. We'd been playing a lot of Carcassonne and Settlers of Catan, so I purchased Slim a big box of German boardgames to supplement those (including the delightfully named Funkenschlag). I thought it was a good solution to the gift-giving problem, as it showed "Hey, I like your mind, too," but was more together-oriented than books.

But I did end up getting her roses. And dinner at a good Clerksville restaurant. And a stuffed gorilla, though that was ironic, and was well-hidden by the time I came to visit. (Though not before she told me "You know, with all the helper-monkey jokes, I was really worried you were going to get me a stuffed monkey.") And canned food in case the electricity went out during the weekend ice storm, though perhaps that was more a Presidents' Day gift.

I was feeling a tad guilty that I was going to receive splashback utility from my boardgame gift until I opened a late-arriving UPS box to see I got a universal remote for Valentines Day. Which is both appreciated and thoughtful, but will probably be of more utility to the member of the couple who had trouble keeping track of my five separate remote controls, which the third-party vendor was probably thinking of when it was addressed to Slim. (I kid.)
Unpersuasive selling points
Slim and I were perusing a Clerksville gourmet market this weekend when we came across a bag of Australian rock salt, the label of which suggested we buy it to help "the serious inland salinity problem."
Monorail monorail monorail
"The Las Vegas Monorail had its worst ridership month ever in January, sinking the troubled $650 million rapid transit line's bond rating further into "junk" status Friday."
Lazy compilation post!
Adam Bonin reports that the Wynn's Avenue Q production is closing in May, apparently to make room for "Spamalot."

Question for the comments: who's does a better job of conveying a sense of being a spoiled brat, Melissa Lafsky (who, as several anticipated, quickly ran out of things to post about) or Dianna Abdala?

Amber, "in lieu of cheap pieces of paper with mass-media characters" (that link is mine), did a Johari window, which looks like fun, but hers got seriously abused by a handful of immature people impersonating her friends and otherwise insulting her, so mine won't have a link. E-mail me for the URL if you care.

I get into a lengthy debate with a plaintiff's lawyer over an auto-accident case, because I dared to suggest that it was a travesty that a woman who didn't wear her seatbelt is collecting on a failure-to-warn theory over a tire that had been recalled. The belted passengers in her vehicle weren't injured.

I read Evan's blog for Vioxx news, and have been trying to discipline myself to stay away from the comments while my queue of things I want to write is growing, but a young attorney's career quandary was an attractive nuisance. People are issuing the advice to stay away from prestige and labels in choosing a career, and just do what you want. That may make sense for a terminal position, but what far too many young lawyers fail to realize is the importance of stepping-stones in the modern legal career path—and that the failure to consider prestige and labels now may keep them from doing what they want later.

The Daily Show's take on the Cheney hunting accident is dreadfully unfair and misleading, but dreadfully funny.

The Old Spaghetti Factory on Sunset, which wasn't that good, but had a pleasant memory or two associated with it, is closing.

Another question for the comments: is it still a girly drink if they add orange juice to a Long Island Iced Tea, and call it a Carjacker? Actually sounds pretty tasty.

I'm off for a belated Valentine's Day with Slim. Whose real identity everyone seems to know, but, might as well be consistent. She sent me roses Tuesday, the first such purchase on my behalf since 1997.
Proper baselines
I think the true moral of the Isabelle Dinoire story is that dogs will eat your face off the first opportunity they get. There was a National Geographic photo of a Pompeii victim who was eaten by his dog, too, but I can't seem to find it on the web.

Anyway, a lot of the newsstories have shown "before-and-after" photos of Dinoire that compare her current post-surgery face, with its heavy scarring and twisted lips, with her pre-dog-attack face. This understates the accomplishment. The proper comparison is to what she looked like immediately before the surgery, and the press just hasn't blessed us with those photos, imagining them to be too grotesque for the hoi polloi. This photo will only be up for another week, since it's on Yahoo, but in the background, you can see a dim shot of Dinoire before the surgery, and the noseless/lipless skull-like visage that needed to be corrected.
You weren't really going to watch the Olympics, were you?
Arrested Development runs out the string tonight with a four-episode burn-through against the juggernaut of the opening ceremony. USA Today has a three-story package, though I've dodged the two stories that appear to have spoilers. One hopes that Mitch Hurwitz claiming that he's not sure he wants to continue the show is just a negotiating ploy for more money, the same way David Chase keeps insisting that he's only going to do one more season of The Sopranos, or the way a five-dollar-bill jogs the shoeshine guy's memory in Police Squad.
But which half of Wonkette?
Speaking of Wonkette, Wonkette doubts the existence of libertarian women, which would surprise those at my Super Bowl party who saw the more entertaining half of Wonkette talking to a libertarian woman. And, at 37, I apparently don't qualify as a "promising young conservative and libertarian pundit," though I doubt that I'd really want to be on a panel discussing text-messaging and dating. I will, however, be speaking at CPAC on Saturday.
Tail-end love
No, not that kind.

I'd be remiss if I didn't note Lori Gottlieb's Atlantic cover-story on computer dating, and, in particular, this sequence, common to every Lori Gottlieb writing:
“Let me tell you why you’re such a difficult match,” Warren said, facing me on one of his bright floral sofas. He started running down the backbone of eHarmony’s predictive model of broad-based compatibility, the so-called twenty-nine dimensions (things like curiosity, humor, passion, intellect), and explaining why I and my prospective match were such outliers.

“I could take the nine million people on our site and show you dimension by dimension how we’d lose people for you,” he began. “Just on IQ alone—people with an IQ lower than 120, say. Okay, we’ve eliminated people who are not intellectually adequate. We could do the same for people who aren’t creative enough, or don’t have your brilliant sense of humor. See, when you get on the tails of these dimensions, it’s really hard to match you. You’re too bright. You’re too thoughtful. The biggest thing you’ve got to do when you’re gifted like you are is to be patient.”
I discussed similar issues in the comments section of Tyler Cowen's post on modal spouses:
If intelligence has a bell-curve distribution, and intellectual compatibility requires a mate's intelligence to be within a range of +/- n standard deviations from one's own, then the person who's three or four standard deviations from the mean has a much smaller pool than the person who's near the mean. You can perhaps disagree with the premises (if n is large enough, the effect disappears), but the math is inexorable.
Separately, here's a page that purports to translate GRE and SAT scores into IQs.
Cribs of the blogging greats
$900+/sq.ft. closets masquerading as one-bedroom apartments are perhaps the main reason I don't live in New York. I hope A3G will have some capital gains to help her move to DC.

In housing bubble news, the only sale in my building for January 2006 was 6.25% higher than the only sale for January 2005. However, the 2005 sale was for an apartment that was 10% larger. However, the 2006 sale is for a condo with a view, and has marginally more convenient parking spaces.
Valentine's Day gift hint #2 (spoilers)
Or is it a helper monkey and the previous post is misdirection? The ten-pound box of Monkey Chow that was delivered at 10:34 AM today may also be a hint.
January investing
Helped along by nice bumps in PIR, BBI, KMX, and especially PKS, I was up 7.1% in January. (Had I held on to my entire PKS investment, rather than engage in some profit-taking this fall, I'd be up over another 10%.) S&P 500 was up 2.6%. For the last twelve months, I'm up 22.4% vs. 10.4%—I had lost 7.3% in January 2005. Until getting slammed Groundhog Day, I was on a fairly impressive winning streak, up in the market every day for two consecutive weeks.

An interesting meditation on the concept of risk aversion. When I was in Las Vegas, I quickly realized that I wasn't going to be able to play a winning poker game, because my hand shook with adrenaline when I made a $100 bet, and there were too many players at the table who could read me. (This surprised me; when I was making a big-firm attorney's salary, I wouldn't get nervous until I had thousands of dollars at stake.) In comparison, at the double-deck blackjack table the same trip, I was willing to make a $400 cash play and then double it when I got an 11 vs. 10 before I started getting nervous about having money at risk. (Fortunately, I bought the paint and won the hand.) But I don't lose a wink of sleep over several-thousand-dollar swings in the stock market. The moral is, I suppose, that I should be betting more money at blackjack.
Shanda fur die Goyim, Brandeis '81
Jack Abramoff's 25th Brandeis reunion is this spring, at the same time as my 15th reunion. Who knew? From the 2004 alumni magazine:
Jack Abramoff is married
with five children. He started
the Tora School of Greater
Washington in 1992, (grades
K-6) and Eshkol Academy
in 2000 (grades 7-12). In
2001 he joined Greenberg,
Traurig LLP, where he
is the senior director of
government affairs and head
of the lobby division. He
writes that he only has fond
memories of Brandeis. "It
was a great experience and
I learned a lot!"
Also Brandeis '81: Vic Ney, brother of Congressman Bob Ney (who isn't Jewish).
Valentine's Day gift hint (spoilers)
Ok, it's not actually a helper monkey.
Wherein I inadvertently troll the Defamer readership
Hey, I just included a couple of jokes in an e-mail showing off my Simpsons trivia-fu in correcting a post. How was I to know that people would actually believe the proposition that Britney Spears had a semi-regular role on the show as the voice of Brandine and that I'd get a panicked e-mail from Seth Abramovitch asking for confirmation? You'd think authors of a site dripping in postmodern irony would have a better handle on deadpan.