Saturday, November 15, 2008

My Precious (Metals)

Every new week begins with a recurring anxiety attack – will I make it to the weekend? Will I collect enough of the precious commodities needed to survive in San Francisco?

There are two very common commodities being used in the Bay Area – Plastic, and Quarter Dollar coins. Without any of them, you are doomed.

Plastic, apparently, is very cheap. So cheap that a company would prefer to issue you a new plastic card (preferably a credit card) and send it to you by mail, before even asking whether you need it or plan to use it. It’s even OK if they send it to the wrong guy…

I therefore have in my possession 5 different credit cards, some club member cards, and possibly a health insurance card of previous tenants in my apartment.

Anyone thinking “Identity Theft” right now is perfectly normal…



The American Express Card - Don't leave home without it, or we'll send you 3 more!


The source of my weekly anxiety, however, are those nasty little quarter coins.

Wash & Dry Laundry? 14 Quarters for one load. Imagine facing 3 loads a week. (I am a messy guy, I know).

Parking? $4 an hour (16 quarters!) into the meter.

Taking a Muni? 6 Quarters each way.

And so on and so on.

I even had a collector’s tip session from some friends – some use the “go into the bank and ask for $50 in quarters” technique. Others use the “Always ask for your change in quarters, and never give anyone yours – they are too rare to find…” technique.

My own technique (don’t tell anyone, I am sure there is some law against it) is to change dollar bills into quarters at a Muni station on my way home, without (here’s the tricky part), taking the Muni afterwards.

It is hard for me to describe the delight I take in standing for 5 minutes trying to make a machine accept very old and wrinkled bills. The only thing that beats that is watching the people stand in line behind me in patience. The (bizarre) culture of standing in line and enjoying it will require its own post, however.

The only other place in the world I am aware of which has a similar shortage of coins is Buenos Aires, where the Peso coin is in such a shortage that shops prefer to give you 2 pesos of change instead of 1 peso to save on their coins.

Extrapolating from Argentina's recent financial troubles and the current US crisis, the only conclusion is that quarter coins are to blame for Wall Street falling down.

A Quarter Coin, a.k.a, "The item that holds the nation by its balls"

My only tip for visitors is this - next time you see some guy begging for a quarter in the street, don’t turn him down thinking “poor homeless guy - he’s probably going to use it all for alcohol and drugs".

He might just want to park his Porsche, and at 16 quarters an hour, he would probably be happy to a $1 to quarter exchange rate…

- Ron

Tuesday, November 4, 2008

History in the making

Today I handed in my first Marketing Strategy problem set. It is a historical moment.

I haven't been kidnapped, neither by aliens, nor by the crazy party people on Halloween in the Castro district.

I haven't gone too drunk from all of the MBA events, nor have I opened a business consulting service for electronic engineering students.

I merely had no time to breathe, which is quite a change from what I used to do, where I didn't have time, but could catch my breath from time to time.

I recently found out the UC Berkeley Economics department is ranked between number 1 and 3 in the world (depending who you ask). Why does a poor Business School PhD like me care?

As all my classes are with the economics department, hanging around who may become potential Nobel laureates is nice, but time consuming.

It has been almost 10 weeks into the semester, and it ends within an extra 5 or so. I can't believe how many new things I learnt in such a short time, especially on the side of real life economics.

Turning to real history, I am feeling I am fortunate to witness history, having been in the US both on big Tuesday (party primaries day in early 2008), on a historic Super bowl, and on election day. It is sometimes surprising how history can play games with us, making the 4th of November a worldwide date of sharp changes.

I have never seen so many people so involved, interested, debating, hoping, worrying, and now, some of them celebrating.

I truly hope gay marriage isn't annulled here in California, but so far it seems the odds are against me. I could never understand people's ability to interfere with other people's lives...

Congrats to the winners. Let's hope my pension fund recovers its loses after this fall, no new war emerges with a non-friendly country, and that this blog doesn't go down into oblivion...

- Ron