Why?

I was on my way to Tokyo to meet with the CEO of a large Japanese book publisher. The topic: a possible joint venture.

“Bring a present,” a friend that had done business in Japan before advised me. “Something “golf-ish.”

“Golf-ish?”

“The Japanese are crazy about golf.”

The introduction was formal. I was met in the lobby by a young woman who was to be my guide and interpreter. She brought me to the CEO’s opulent office. He was congenial, but not gushing. There was bowing instead of hand-shaking. The conversation was perfunctory and muted.

I gave him – I don’t even remember what I gave him. His assistant gave me an equally forgettable gift in return.

Our meeting took place in hour-long conversations over the next several days. I had read that the Japanese prefer to make acquaintanceships slowly. During the meetings, I was keenly aware that my behavior – i.e., my manners – would play a big role in determining the outcome. I was careful to stay formal and serious and respectful.

After the penultimate meeting, I was invited out to dinner with several of the senior executives. (The CEO had attended only the first meeting.) After a nice meal, they took me to a “club,” which turned out to be an ersatz old-fashioned Playboy Club. We drank and smoked and none of them even glanced at the servers.

We never did the deal. And I never found out why. Perhaps I was too serious or not serious enough during the meetings. Perhaps they didn’t like the deal. Or perhaps they caught me glancing at a server.

I have Japanese partners now. They are younger and much less formal. Next time we meet, I’ll tell them this story. Perhaps they can explain it to me.

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About Race-Based College Admissions 

The University of North Carolina at Chapel Hill and Harvard University are being sued for their race-based admissions policies, which hold Asian and White students to higher standards because of their skin color.

The lawsuits were filed by a group of interested parties, including two unnamed students who were rejected from Harvard and UNC. One had a perfect ACT score, two 800s on SAT II subject exams, and was valedictorian of his high school.

According to the InsideHigherEd website:

“What Harvard calls a holistic approach to admissions (in which applicants are reviewed individually, with a range of criteria considered) is actually a disguise for racial balancing in a system where Asian Americans are held to higher standards for admission, according to the lawsuit. As evidence, the lawsuit says that the racial demographics of Harvard’s admitted class, first-year enrollment, and total student body have remained stable over the last several years.”

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About Race and Income 

The average income for White households in the US is $72,000 a year. That is 35% higher than American households that identify as Latino, and 70% higher than African American households.

But White households are not at the top of the ladder. Asian Americans make about 25% more than that, at $98,000 a year.

Another Step Closer to the Digital Dollar 

Longtime readers know I’ve been predicting that the US will adopt a digital dollar that will ultimately replace our paper currency. And (as I noted on Feb. 3) the first step was taken on Jan. 19 with the Fed’s announcement that it was “opening a review to determine the feasibility of having a US digital dollar.”

The second step was taken last Wednesday, when President Biden issued an executive order on cryptocurrencies. Among other things, the order directed several government agencies to examine the risks and benefits of digital assets and develop a strategy for the use of digital dollars. Click here.

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What I Believe: About Affirmative Action

I feel about affirmative action the same way that I feel about charity. I am personally inclined to practice it, but I’m suspicious when it becomes corporate or governmental policy. As an institutional protocol, it can (and often does) do more harm than good.

When it puts people into positions they are qualified for, it can correct social imbalances, if such imbalances are the result of discrimination. But when it puts people into positions they are not qualified for, all sorts of problems arise. For the institution. For the other members of the institution. For the people the institution serves. And for the recipient of the affirmative action.

To make affirmative action work for underqualified people, there must be a commitment to provide them with the extra help they need to succeed. In my experience, that means investing in many, many hours of extra training and personal coaching. And even then, the odds are not good.

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Sexy Titles 

Killer Profits NewsletterThe Mega-Millionaire Review

I cringe when I see such titles appearing on our product list. “Couldn’t you have come up with something a little less cheesy?”  I’ll ask the publisher.

But they like these titles. They think they are exciting. And on point. “This is what our subscribers want,” they tell me.

I don’t agree. I don’t believe people really want killer profits. I believe most people, even those that don’t spend much time thinking about it, are much more complicated than that.

My thoughts on creating titles: Make them distinctive. Make them memorable. Make them simple. But don’t make them silly. There’s no need.

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Kyoto

Next time you are in Japan, take an extra couple of days to visit Kyoto. It’s just a few hours from Tokyo by high-speed train, but you’ll feel like you are in a different country.

Kyoto is famous for its imperial palaces, Buddhist temples, and Shinto shrines. It’s also known for preserving many formal traditions, including geishas, the tea ceremony, and the kaiseki dinner (served at the tea ceremony), which consists of multiple courses of skillfully prepared and artistically presented dishes.

Warning: Some of the “finest” kaiseki dishes are creatures that may repulse you. Eat with large glasses of beer.

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Surrealism is coming back!

“Tailleur pour dames” (1957) by Remedios Varo 

After a decades-long fascination with abstract geometrics, the art world is, once again, warming up to Surrealism. 

Last week, for example, two important museums, the Museum of Fine Arts in Boston and the Toledo Museum of Art in Ohio, acquired works by the great Mexican surrealist Remedios Varo.

Surrealism is one of my favorite genres because it offers the aesthetic pleasures of representational art along with thought-provoking inconsistencies. The above image is a good example. It depicts a tailor’s showroom, where four women are outfitted in garments that appear to be in a state of transformation. A dress converts into a boa. A scarf becomes a sea. A purple cape floats into the air…

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a word to the wise

As a noun, advert, is, of course, an abbreviated word for “advertisement.” But when used as a verb – as in, “to advert to” something – it means turning attention to. (And, yes, there must be some connection here.) Example from The Mystery of Marie Rogêt by Edgar Allan Poe: “I have before suggested that a genuine blackguard is never without a pocket-handkerchief. But it is not to this fact that I now especially advert.”

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Re my Mar. 9 essay “Becoming a Writer… in Spite of Myself”:

“My son wants to improve his writing skills. He asked what books would you recommend?” – AS

My Answer: Three that come quickly to mind are The Elements of Style by Strunk and White, On Writing Well by William Zinsser, and On Writing by Stephen King. But I’ll give you a longer list on Friday.

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