Category: Personal

• Difficult work

  There is an old saying that if you can find something you love to do, you’ll never work a day in your life. But this is probably bad advice.

  Here is a simple graph, from Seth Godin, to help explain:

  

  The problem with fun things (y-axis) is that they’re fun. So lots of people want to do them. And if there’s a small or no market for said fun thing, then it’s probably a hobby. (Hobbies are still important.)

  Sometimes you can be fortunate where something that previously had no market eventually has a big market. Take, for example, tinkering with computers in the early days.

  This is what Chris Dixon was getting at when he said that what the smartest people do on the weekend is what everyone else will do during the week in ten years.

  But if this doesn’t happen or if a big market already exists — and you do want to be successful at something fun — it’ll likely follow a power law.

  Meaning, you’ll need to be the very best in the world and it’s almost certainly going to be a “slog”. (Bottom right quadrant.) One example of this would be the phenomenon of “starchitects.”

  And that’s pretty much it for the fun stuff. The rest of this graph is for things that are difficult, which means that 3 out of these 4 quadrants are difficult and/or a slog.

  This is not nearly as much fun as not ever working.

  2023.10.17

• Sunday morning is for riding

  This is a fun circuit.

  Go west to the Humber Bay Arch Bridge.

  

  Shoot up the Humber River and pass under various bridges and subway tracks.

  

  

  Arrive in Weston (which, by the way, was established in 1796). Go west on Lawrence to Royal York (there are a couple of hills here that will get your bum up).

  

  Then bomb down Royal York as fast as you can until you arrive at San Remo Bakery for coffee, donuts, cured meats, and other wonderful things that I don’t normally order.

  

  The circuit:

  

  2023.10.15

• Learning French, again

  

  I grew up going to a French school. For a significant portion of my early education, I had every single class — except English class — in French. But to be honest, I never really loved it. I had started midway through elementary school and so I always felt like my French was never quite good enough.

  I was behind relative to my classmates. I needed special tutoring to get caught up (while my classmates were off learning a third language). And so I used to constantly beg my mom to take me out of French school and put me in a, you know, regular English school. I know this was tough for my mom, but her response was always steadfast: “You’ll thank me when you’re older.”

  At the time, I couldn’t possibly imagine her ever being correct with this statement. But it turns out, she was. Today, I’m grateful to be able to travel to a place like Paris and kind of speak the language. (I say kind of because, hey, it’s been a long time since high school!)

  And I’m grateful that when I go into Mabel’s Bakery across from Junction House that I can order a coffee and a croissant in French. (Most of the people there are from France. Try it for yourself. They’re lovely humans.)

  In fact, I enjoy it so much that I recently decided to enroll in a French class at Alliance Française here in Toronto. (Fresh $80 textbook pictured above.) Obviously the 9-year-old version of myself would be completely shocked with this absurd decision. But I guess this is just what happens when you’ve been indoctrinated from a young age.

  Or maybe I just really want to build something in France one day.

  2023.09.22

• 10 years of daily blogging

  This week marks the 10 year anniversary of this daily blog. In some ways it’s hard to believe that it’s been a decade and in other ways it’s hard to imagine a time when I didn’t write/post something every day. What a habit this has become.

  A lot has changed since 2013.

  Back then, I was still trying to find my way in real estate development. Instagram was only 3 years old. TikTok hadn’t been created yet. And the idea of writing a daily blog didn’t feel as antiquated as it does today. I probably should be vlogging at this point.

  But here’s what hasn’t changed:

  – I enjoy writing, and I think it’s personally beneficial — even if I don’t derive any direct benefits (such as money)

  – I like having my own little corner of the internet that I control — instead of relying exclusively on centralized platforms like Instagram or X

  Today this corner is brandondonnelly.com, but I suspect that brandondonnelly.eth will become just as important over the next decade. The world is heading toward more decentralization. And if/when that does happen, I’ll be sure to write about it on this daily blog.

  Thanks for reading everyone. As usual, I’ll see you tomorrow.

  2023.08.29

• I became more French & German

  I first did 23andMe back in 2015. And at that time, my ancestry composition looked like this.

  At the highest level, I was 50.6% East Asian & Native American and 49.2% European. Going one level deeper, I was 43.7% Chinese, 16.5% British & Irish, 6% French & German, and 11.5% Broadly Northern European. 23andMe uses the term “broadly” when there’s a DNA match across multiple places and it’s not exactly sure what country or countries it might be.

  Last night, I decided to log back in to 23andMe and see if anything had changed in the 8 or so years since I first did the test and, frankly, since I logged into their website. And it turns out that it has. It seemingly got more precise. I guess that’s the power of more people using the product and more data. Now my ancestry composition looks like this:

  

  So what changed? Well, at a high level I’m still half Asian and half European. But 23andMe is now telling me that my Chinese roots likely trace back to Guangdong, a southern province that borders Hong Kong. This is news to me as I’m many generations removed and I had always thought it was somewhere more northern, partially because of my height.

  Apparently, I am also no longer British & Irish (0.6%). I am now 31.1% French & German and 3.3% Broadly Northwestern European (admittedly this could include Ireland). This was surprising to me since Donnelly is clearly an Irish last name. Though, my maternal grandmother did indeed have direct French roots.

  Along with this, I became more southern European (13%), with Spanish & Portuguese being the most common match (5.6%). So am I more this than Irish? I don’t know, these matches are pretty far removed and possibly go back 5-8 generations. At the great-grandparent level, I am, according to 23andMe, (1) Chinese and (2) French & German.

  I find all of this extremely fascinating and so I think I’ll spend more time exploring the site and my family tree. They are also telling me that it’s time to order another sampling kit, since I did mine so long ago. I plan on doing that, as well as ordering two for my parents. Let’s see what that does to my ancestry composition.

  Have any of you used 23andMe and found surprising results?

  2023.08.25

• You never really own it. You simply look after it for a few years.

  I have been wearing an Apple Watch for many years and I love it. I love tracking my workouts. I love seeing my altitude when I’m snowboarding. And I love using it to pay for almost everything. Today I also learned that when you dive into a body of water, it’ll tell you the temperature of said water and your depth. It’s all pretty incredible and, of course, it’s only going to get better.

  Like clockwork (bad pun), new features are continually being added and that means that the watch I have on my wrist right now will likely be obsolete in a matter of a few years. This is a good thing because it means the tech is continually getting better. But it’s also a bad thing because it means my current watch doesn’t have any real longevity.

  Legacy watch companies like Patek Philippe have sold us on the idea that a watch is something you keep for a lifetime and then pass down to the next generation. And there’s something wonderfully romantic about this idea, which is why people do/did it.

  But today, Apple Watches alone outsell the entire Swiss watch industry. Meaning, most people have moved on from this romantic idea of a watch. We want new diving features! And there’s part of me that feels sad about this. My parents got me my current watch and it would be nice if I could tell that to the next generation of our family.

  2023.08.20

• Doing great work

  Paul Graham just published his latest essay and it is a recipe for “how to do great work.” I highly recommend it, but you should know two things: (1) it assumes that you’re “very ambitious” and (2) it’s quite long. It’s possibly his longest essay.

  However, this second feature acts as a kind of filter. Because if you do actually make it to the end, his assumption is that it says something about both your level of ambition and your overall commitment to doing great work. You are presumably not the majority.

  As I read through it (albeit relatively quickly), I immediately started copying and pasting excerpts that resonated with me. Eventually I stopped this because there were just too many of them. But as a preview, here are some of the ones that I did pull out:

  • Four steps: choose a field, learn enough to get to the frontier, notice gaps, explore promising ones. This is how practically everyone who’s done great work has done it, from painters to physicists.
  • Develop a habit of working on your own projects. Don’t let “work” mean something other people tell you to do. If you do manage to do great work one day, it will probably be on a project of your own. It may be within some bigger project, but you’ll be driving your part of it.
  • The educational systems in most countries pretend it’s easy. They expect you to commit to a field long before you could know what it’s really like. And as a result an ambitious person on an optimal trajectory will often read to the system as an instance of breakage.
  • The trouble with planning is that it only works for achievements you can describe in advance. You can win a gold medal or get rich by deciding to as a child and then tenaciously pursuing that goal, but you can’t discover natural selection that way.
  • To the extent you can, try to arrange your life so you have big blocks of time to work in. You’ll shy away from hard tasks if you know you might be interrupted.
  • There may be some jobs where it’s an advantage to be cynical and pessimistic, but if you want to do great work it’s an advantage to be optimistic, even though that means you’ll risk looking like a fool sometimes. There’s an old tradition of doing the opposite. The Old Testament says it’s better to keep quiet lest you look like a fool. But that’s advice for seeming smart. If you actually want to discover new things, it’s better to take the risk of telling people your ideas.
  • People who do great things don’t get a lot done every day. They get something done, rather than nothing.

  You really should read the entire essay, though. It’s worth it.

  2023.07.04

• Forty

  

  Today is my fortieth birthday. And despite a noble attempt to avoid having meetings today, I spent a big chunk of the day in them. Thankfully, I was also fortunate to spend a lot of time with family, friends, and colleagues (see evidence above).

  This is a birthday where I think I’m supposed to feel things. And I do. I’m grateful for the wonderful people that I get to have in my life and who love me. I feel lucky that I get to wake up every day and do something I love. And I’m genuinely excited for this next decade.

  It is, however, true that time does speed up. It feels like just yesterday that I was 30 years old. I had just finished my MBA. I was about to start writing this daily blog (yes it’s nearly a decade old). And I was trying to figure out how to make an impact on the world.

  Maybe not much has changed. It’s not in my nature to feel complacent. But there is something nice about getting older and feeling more confident with yourself and your abilities.

  If anything, birthdays are a good reminder that time is precious. We only have so many weeks. So we shouldn’t feel shy about asking the world for what we want. I think that’s what I’m feeling most this birthday, and I view that as an exciting thing. So here’s to forty years.

  2023.05.02

• Merry Christmas from Toronto

  

  2022.12.24

• Writing into an abyss

  Sometimes I stop and think to myself, “my god, I’ve been writing my daily blog for over 9 years. That’s a huge commitment. Should I stop? Is it really worth it?”

  But of course I do think it is worth it, mostly because I enjoy writing, I enjoy thinking about things, and I enjoy connecting with people through this blog. I don’t want to stop. It’s perhaps also important for me to keep in mind that 9 years maybe isn’t all that long.

  I read this FT article today about investor Howard Marks. Marks is co-founder of Oaktree Capital Management, a person with billions of dollars, and the author of a popular investing memo (200,000+ subscribers) that I generally never miss. And after reading about his backstory, I now feel very much like a blogging baby:

  He began writing the memos in 1990, initially sending them by post to Oaktree’s 50 or so clients. For the first 10 years, “I never had one response,” he says. And then, on January 2 2000, Marks distributed a memo called “bubble.com”, in which he made the “overwhelming” case for “an overheated, speculative market in technology, internet and telecommunications stocks”, similar to past manias such as the 18th-century South Sea Bubble. The memo “had two virtues”, says Marks. “It was right and it was right quickly.” The technology-heavy Nasdaq index slumped four-fifths from peak to trough between March 2000 and October 2002. “After 10 years, I became an overnight success.”

  I have no particular end goal in mind for this blog. I have no need to become an overnight success. My plan is to just continue writing as an adjunct to all of the other things I do. However, I am attracted to the value of discipline, compounding consistency, and long-term thinking.

  It’s not easy doing something for a decade and having nobody respond. At least with this blog, I get the occasional heckler telling me that I’m a greedy developer out to destroy our cities.

  P.S.: If you’re into longish memos about investing, I would encourage you to check out Marks’ latest memo about what really matters. In it, he talks about why short-term events — such as, interest rates might do this — are by far the least important thing to focus on.

  2022.11.25