Lagniappe: an unserious blog
Blogiversary
Hey, I missed the one-year anniversary of this blog over the weekend. (It was for a good cause.)

Spam traffic, however, seems to have put the annual costs of renewing this blog into the mid-two-digits range, which could pay for a nice dinner for two at my favorite Thai restaurant, and it's not clear to me that I'd rather spend the money on this for a year. My life has changed enough over the last year that I don't see the same advantages to having a personal blog; I'm not especially impressed with the quality of writing I'm doing here; do I really want this blog to be the first google hit for someone searching for Ted Frank?

Decisions, decisions. But don't be surprised if this blog (or this post) disappears in the next week.
Short shameful confession
Until I read the latest New Yorker on the train this morning, I regularly confused Werner Herzog with Wolfgang Petersen and thought they were the same person.
Robin Hanson, impish mind
Plagiarizing Tyler Cowen's post, here's his full quote of Robin Hanson:
Reasonable economic cases can be made for allowing people to sell their organs, and for allowing people to buy the ability to immigrate into our country. Cautious people avoid such proposals, because they push too many emotional buttons. Mischievous folks like myself, however, wonder what happens if we push all the buttons at once: what if people could enter the country if they give up a kidney, or similarly valuable organ? Would those who worry about the loyalty of immigrants who just pay cash to come here be reassured by the symbolic loyalty of giving up an organ? Would those who fear that organ sellers are exploited be reassured by the huge value immigrants gain from living here? Impish minds want to know.
MIT
I'm not sure why I had my heart set on going to MIT as a kid. Even once I was accepted and started drawing up possible course schedules, I was drawn to the idea of majoring in economics, which means that it probably wouldn't have changed my life that much, since it was economics that led me into law. I settled for the full scholarship to Brandeis and buying a now-long-gone sweatshirt with the MIT Press-logo. Anyway, Katie Newmark writes about the MIT-Caltech prank wars. Which reminds me about the spectacular Mystery Hunts students put on.
What made this hunt so hard? Puzzles like the 192-letter cryptogram, for one thing. As Jean notes, "A cipher of that length should be a snap to break. And this one wouldn't have been bad at all if I'd thought to mention that the hidden message was in Spanish. But I didn't. I also neglected to note that the pairs 'll', 'rr,' and 'ch' stood for single letters, as they do in the Spanish alphabet."

Also:

"My biggest problem was making the things hard enough. Once I wrote a clue in Minoan Linear B, a totally obscure language that was used on clay tablets in ancient Crete. To make things tougher, I didn't tell them it was Linear B and I checked out the two library books on the subject. All the teams solved it anyway! One team had a person who was actually studying Linear B. Another just happened to have a book on the subject. It was incredible."
And
I entered my first Mystery Hunt in 1983, and the first puzzle that caught my eye was this: "One of the activities listed in this month's guide is a fake. Receive a vital clue at its ersatz meeting." That sounded pretty easy, so I began paging through the guide. I had forgotten I was at MIT. With real listings such as "How to Change the Color of Lightning" and "The Universe, With Three Examples," I was completely unable to deduce that the perfectly reasonable-sounding "Parrots Around the World" was a Brad Schaefer invention. It turned out I was not alone in failing to see through this subterfuge; several bird-lovers showed up only to receive the baffling advice "Switch the answers to subclues two and seven."
Actual Hunts through History. This blogger did a scaled-down version for his birthday party that seems like it would've been more my speed. I'm enjoying reading his gaming posts.
World's most open secret
Slim revealed her identity deep in the comments thread of a blog with many more readers than this one. But why spoil the fun here by linking to it?

In other news, it took four and a half years, but I think I finally killed the housewarming-gift plant my realtor gave to me. It was a hardy monster, but was no match for my gardening incompetence.

In other other news, I'm going cold-turkey on AEI cookies. To provide appropriate short-term economic incentive on this commitment, I hereby will provide a $20 bounty to anyone who catches me eating an AEI cookie (or other lunchroom dessert) between now and Memorial Day.
On C-SPAN2 tomorrow
I'll perhaps only get in a few sentences edgewise as moderator, but the AEI program on The Cutter Incident will be broadcast live on C-SPAN2 at 10 am tomorrow.
Elsewhere in Levitt-town
Family "favorite" Steve Sailer, taking a break from arguing that Jews should be barred from US foreign policy positions, confuses a weekly Guardian satire with a regular book review, and names Freakonomics' British publisher, Penguin subsidiary Allen Lane, as the "author" of the Guardian piece.

Update: Shortly after an Illinois reader hit this blog doing a technorati search for "Freakonomics", the following post appeared.
Gangster Disciples and spiral notebooks
An interesting critique (and part 2) of the Freakonomics chapter.
Kids today, no sense of history
This blog (via my brother) has the gall to claim that "Family Guy" stole the idea of a Grim Reaper from "South Park." Anyone that ignorant has no business commenting on pop culture. "South Park" got the gag from Monty Python's "The Meaning of Life," which got it from Woody Allen's "Love and Death," which post-dated the 1968 short film "The Dove" (where Death is challenged to a game of badminton) and all three were satirizing Ingmar Bergman's "The Seventh Seal," and Bergman got the Grim Reaper idea from German folklore. Oh, and the Grim Reaper pops up in a 1929 Mickey Mouse cartoon. Stolen from South Park, indeed—reminds me of the alt.tv.simpsons poster who said that a rooftop concert performance in one episode was an allusion to U2.

The funny thing is, the Family Guy episode with the Grim Reaper did "steal": the idea (Death stops harvesting souls, havoc reigns in the real world) came directly from a 1930s movie, "Death Takes A Holiday."
Cajun restaurants
Coincidentally, Tyler today posts his list of Cajun restaurants, but hasn't been to two I recently attended.

Bardia's (Adams-Morgan) had a friendly and helpful proprietor, but is hit-or-miss. The fried foods were meh, the jambalaya bland. The creole was pretty good for the DC area, but the price point was too high for what it is, especially given the bare-bones atmosphere. If I'm in Adams-Morgan, I'd rather have Ethiopian or Cashion's. And I'm in Adams-Morgan much less in my thirties than in my twenties.

The new Acadiana (9th and New York) is a beautiful space; I went with Shani for lunch Restaurant Week. I agree with the assessment of too much butter and not enough chile, but the presentation was aesthetically pleasing. Decent gumbo when served at Restaurant Week prices. But I've never been a big fan of the Passion Food Hospitality chain of restaurants, so your mileage may vary.

Isn't it sad that my favorite Cajun in the area is the Popeye's at the Pentagon City mall? (It's the one branch of the chain locally that serves jambalaya.) And even in Pentagon City, I'd just as soon get drunken noodles at the Thai place next door to Popeye's—no line, because noone seems to trust food-court Thai.
The churrascaria trend
Slim and a couple of lawyer friends and I went off to Fogo de Chao (downtown DC) a couple of months ago. Meats placed on sword-like skewers, grilled with Brazilian spices. Definitely a quantity-over-quality kind of place, but the quality was relatively good—but, at the same time, if I'm going to pay that much for food, there are just many more pleasant options in the area. On the quantity side, even with the variety of the meats and the quality of salad bar and service, it's not three times as good as, say, BD's Mongolian BBQ, even though it's more than three times as expensive. (In contrast, I'd say Maestro is three times as good as Tosca.) Not that we didn't leave stuffed and satisfied, and not wanting to eat for a day. Worth going to once, but perhaps not more than that.

Tyler Cowen reviews a couple of other churrascarias, and it's not clear I went to the correct one for a full-fledged churrascaria experience. While Fogo had eleven or so cuts of meat, they were of the beef/chicken/pork/lamb variety; Green Field in Rockville, however, also offers "duck, rabbit and other." Mmm... other. Of course, Tyler would say I'd have to go to Brazil to get the real thing.
If you're wondering why...
...BBI suddenly shot up 30 cents from yesterday's intra-day low, it's because that was the precise moment that I sold out of my entire position in the stock. I was very much tempted after the income restatement showed that the business wasn't even generating current profits, and the Netflix lawsuit was the last straw. Not that I'm seriously worried that Netflix is going to be able to shutdown Blockbuster Online, a la the Blackberry affair. But patent litigation, if done properly, is expensive, both in terms of legal expenses and executive distraction. My prediction is that in 2008 or 2009, new executives in charge of Netflix and Blockbuster are going to look at Netflix's patent litigation and Blockbuster's inevitable (albeit necessary for tactical reasons) antitrust counterclaim, and say "We just spent $100 million and still don't have a trial date. Meanwhile, we're both getting the pants beaten off of us by on-line downloading and the patent we're litigating over is essentially obsolete. Let's call it a wash and move on."

The fact that Keker & Van Nest filed in their backyard instead of in a rocket docket where they could get a trial date by 2008 suggests to me that the real purpose of the lawsuit is to incur attrition expenses. Unless the law firm oversold the possibility of a preliminary injunction to their client. It's really hard to see where Netflix comes out ahead by bringing this lawsuit. But the same is true for Blockbuster, which is why I sold, if only at $3.71 for one of the biggest hits I've ever taken in the market. (I also want to be able to criticize the lawsuit without having to give the disclaimer that I owned BBI stock.) My father, who got out at a small profit at $10 (which would've been a big profit for me), is no doubt gloating.
Is it wrong
that when I saw the headline "Nanotech Product Recalled" my immediate reaction was that someone's stain-proof shirt must've turned them into gray goo?

Fans of my AEI videos can get a double-dose of me; USAir stranded Jonathan Klick, and I subbed in for him with about an hour's notice and gave a rough approximation of his talk plus my own.
Miscellany
  • Christina Kahrl on WAMU.


  • It seems silly to travel a time zone for a weekend and end up watching the first eight episodes of "Veronica Mars," in between a bunch of writing of stuff, but it turns out to be a good show. And now I can't read any Internet stuff about it or Slim-looksortalike Kristen Bell because of inadvertent spoilers from being 30 episodes behind. It's bad enough that Bell is just about precisely Slim's age, while Enrico Colatoni is less than six years older than me.


  • Speaking of writing, how sick is it that I know the citation to In re Rhone-Poulenc Rorer, Inc., 51 F.3d 1293 (7th Cir. 1995) by heart? I barely even noticed it when I was clerking on the court that year, and now it ends up being footnoted at least once in almost everything I do.
Recent conversation
Ted: "No one comments on my posts."
Slim: "The post about me got six comments. You should post about me more often."
March investing
March 2006 2006 YTD Last 12 months Annualized rate,
life of portfolio
Ted Portfolio 8.5% 20.5% 35.4% 24.6%
S&P 500 1.2% 4.2% 11.7% 12.6%
Mortgage
(cost of capital)
0.4% 1.3% 5.25%
One of my best months ever. New investments in Overstock.com (OSTK) and Brocade (BRCD), as well as more money down the Blockbuster rathole, paid off nicely. 1-800-Flowers (+11%) swung to a profit for me; Blockbuster rebounded a little bit after being way down earlier in the month; Commerce Bancorp (up 10%) hit a new high; Pier One (up 10%), Eastman Kodak (up 1%), Wal-Mart (up 4%), and Bristol-Myers (up 6%) went up, too. I put some money in a batch of insurers—Cigna, Nationwide, and Safeco—but that went mostly sideways. Six Flags (-3%) was the only disappointment for the month. Carmax shot up to 36, and back down to 32.68, but was still up 4% for the month.