Michael Girdley

My weblog and homepage

Tuesday, November 25, 2003

I Have a Certain Close Relative Who...

... gets one idea into his/her head and manages to repeat that to everyone during a particular day. It's fascinating -- especially because I find myself doing the same thing.

My grandfather died this past summer at the age of 84. It was a good thing believe it or not. He was just in so much pain and his life wasn't really fruitful anymore. He'd had a great trip, seen a lot of things including the raising of the flag on Iwo Jima in WWII. The last thing I'll remember about him is when my dad and I cleaned out his room at his house. We found exquisitely meticulous records of hundreds of classic movies he'd recorded onto Betamax from TV. We also found 6 different loaded weapons, including a .44 pistol. My grandfather meant a lot to a bunch of people.

The same can be said for Mauro. He had been feeling ill for some time and a combination of bad doctoring and his own stubborness culminated in tragedy last Friday. He died at the young age of 50. I was the last person at the company to see him on Friday morning (he insisted on coming to work even though he was so weak he could barely get out of the car). He finally agreed to go home and see the doctor, but only after spending the first 15 minutes of the day mapping out all the warehouse work to be done -- and only after I ordered him to do it. (I loathe ordering around people like that, but while you can take the man out of the military, but you can't take the military out of the man). Our last interaction was just the way he approached almost everything -- with complete dedication and devotion.

From what I understand, Mauro passed away in an ambulance on the way to the hospital later that afternoon. He had been with the company for just over ten years. We miss him greatly. He was family.

http://obits.mysanantonio.com/story.cfm?type=0&id=29323

(I hope this link works given what the newspaper companies charge to run obits. Shame on them for taking advantage of people like that.)

Thursday, November 20, 2003

On Not Writing Essays and the Big Scam

I have recently been toying with writing more "essay" type pieces on the site here. But, (squinching my brow), it seems like a bunch of work doing all that research. Why not just list the ideas, do a brief explanation and be done with it?

So, anyway, on to the Big Scam. A relative of mine approached me last week and started talking about purchasing shares in different companies. The relative was using the age-old approach to buying stocks: personal experience. The Common Wisdom there is that you buy companies that appear successful based on what you see every day. For example, Starbucks is always packed and you don't see any reason it won't be packed with customers going forward, therefore it is a good investment to buy their stock. As you might guess, this gives no consideration to the price of the stock. I didn't have the heart to point the problem with the Common Wisdom. Perhaps this is an example of why most people avoid talking about money with relatives...

So, this interaction prompted a culmination of the thinking I've been developing for some time about the stock market, mutual funds, and professional "investment advisors." This article was also interesting to read: http://cbs.marketwatch.com/news/story.asp?guid=%7B954AA053-F953-43F3-BBC8-63D351A3BF2A%7D&siteid=google&dist=google. The litany of scams perpetrated against the general public just continues on and on. And that's just illegal parts of the scheme. The legal parts are just as bad. Why do we actually believe that stock market investing is a good deal?

The argument from the "sellers" of stock and mutual funds always roll out the "past history" of the stock market as the results. "If you put $10k in the stock market in 1962 it would be work $X today." So what? The thing that isn't investing in the stock market is a bad thing, but there are two things not mentioned by those offering these investments:

1) They're going to skim off the top, both legally and illegally. Legally: outrageous management fees. 1% yearly for holding money for a mutual fund? 2% commissions? Give me a break. Illegally: Read the news. Examples: Dick Greco's salary. After hours mutual fund trading. Lying analysts for investment banks. And so on and that's just the last six months.

2) You can get better returns elsewhere. Where? Real estate. Investing in a small business are two examples.

Oh well, perhaps I'm just figuring out what everyone else already knows (again).

Wednesday, November 19, 2003

United Airlines' Ted

http://news.mysanantonio.com/story.cfm?xla=saen&xlb=110&xlc=1086527&xld=110.

I predict "Ted" will be a complete failure. First bad sign that these guys don't understand the phrase "low-cost provider": "It's plugged into United's frequent flyer program." If they are already setting up a frequent flyer model that is high cost, imagine what's going to happen when they try to have the lowest cost structure in other areas like employee comp, pilot training and so on. (PS I also think "Song" from Delta is doomed as well...)

Saturday, November 01, 2003

Our Book, Second Edition & Lessons Learned

I found out a second edition of our book is due out this Fall. Sadly, I didn't find out from the Editor, but instead from one of the new authors who was calling me asking if the Editor at the publishing house had a habit of acting weird in his interactions with Rob and I. I told the new author to relax: there is something in the water at publishing houses. Or, perhaps in the air as tech book editors all act as if they've been doing following the Dead and doing Whippets for the past 15 years.

With regards to our book, the toughest part of writing the book was/is negative feedback. While some of the reviews are positive, we do get mighty flamed in a number of them -- especially on Amazon. Are these reviews deserved? Yes, I think so. The book was the best we could do in the situation and also given our talents/skills at the time. We were both working full-time at BEA. I was overcoming serious tendinitis in my wrists. Rob was fighting a lack of motivation. We were both trying to ship a new version of the product (WebLogic). I was traveling and so on.

Don't get me wrong: I'm proud of our book but I think it could have been better. What would I have done differently?

1) Optimal Number of Authors: With a tech programming book, you don't have months to go through reviews. Technology just moves so fast that you have to move fast in publishing the book. You spend too much time, you miss your window of opportunity. Given also that we were working full-time, we needed more help. Two people is just too few, even with a good editor working on your side. Really, I think 4-5 is optimal. More than that, the coordination overhead becomes overwhelming. We (Sadly) had to exchange quality for time -- the book had too many bugs and we could have done better with more people.

2) More Research: We really should have spent more time out interviewing customers and users of the product. It's critical to research, research, research for any book (even if you are the foremost expert on something). As "experts" on the product, we did only research inside BEA and our own heads. This is just a glaring ommission and something we should have done better.

3) Dedication: The process of writing a book is a mentally draining activity. It's really tough. But, I think that process if made much easier if you can dedicate yourself completely to the process. So, making book-writing your full-time job (not your second job!) is critical. Unfortunately, the stock was pretty high then, so we had no real choice on this matter.

There are a bunch of things we did correctly that most authors don't do:

1) Editor on Our Side: Luckily, we were referred a woman (Sandra Emerson) who was/is a real pro at editing. The publishers of tech books don't do jack of wordsmithing and organizing the text. I recommend having such a person. Sandra also knew the in's-out's of relations with the publisher. We developed a much more favorable contract with them because she was on our side negotiating.

2) Clear Organization: This goes without saying, but a bookwriting project must start with the most detailed outline you can generate. We spent a bunch of effort putting this together and it paid off. Most publishing houses demand an outline, but it's best to make one even more detailed than they ask. Our outline was 4 levels deep, meaning that every section header was written in our outline beforehand. Writing the book was just a process of filling in the blanks.

3) Multiple Pitches: We pitched the book amongst multiple publishing houses and were able to get them competing on the book. It's critical (even if a publishing house approaches you with an idea) to shop it around. Note: check that they haven't copyrighted anything before you do so, talk to your lawyer, etc...

I do believe that this WebLogic book was the best book I've written because of the things we did right. The next book would be even better with my lessons learned. I do feel good about that. Some things do get better with practice.

(On a side note, reflecting on the call I mentioned before reminds me of something I've noticed since my departure from Silicon Valley; an inadvertant social experiment perhaps. Starting about 1 year out of the Valley, folks who contact me from the Valley formed two distinct groups. All called and expressed interest in me personally and my little life. However, a distinct segment followed that expressed interest with a request for a favor. What I guess was suprising was how large the "needy" segment is. So, this leads me to my little Girdley Maxim #1: You don't know for sure who is friend and who is co-worker until you're 12 months out of a job. Perhaps it's expected, but it was something I just noticed and since it's my lame Blog, I get to write whatever I want even if it is obvious...)

http://www.alamofireworks.com/

While I certainly can't make an attractive website myself, I can hire someone who can:

http://www.alamofireworks.com/

According to the gentleman who did the site (http://www.nxsinteractive.com/), I was the first customer he's ever had who supplied him with a desired site map. I guess those years in Silicon Valley were worth atleast something...