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	<title>Ray Acayan &#187; Personal</title>
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	<description>A Geek of All Trades</description>
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		<title>Genius And Experimentation</title>
		<link>http://www.RayAcayan.com/personal/genius-and-experimentation/</link>
		<comments>http://www.RayAcayan.com/personal/genius-and-experimentation/#comments</comments>
		<pubDate>Mon, 23 Mar 2009 17:55:27 +0000</pubDate>
		<dc:creator>Ray Acayan</dc:creator>
				<category><![CDATA[Personal]]></category>
		<category><![CDATA[financial engineering]]></category>
		<category><![CDATA[gaussian copula]]></category>
		<category><![CDATA[genius]]></category>
		<category><![CDATA[hacklab.to]]></category>
		<category><![CDATA[Leonardo da Vinci]]></category>
		<category><![CDATA[Malcolm Gladwell]]></category>
		<category><![CDATA[Mark Twain]]></category>
		<category><![CDATA[Mozard]]></category>
		<category><![CDATA[Nikola Tesla]]></category>
		<category><![CDATA[Pete Forde]]></category>
		<category><![CDATA[Picasso]]></category>
		<category><![CDATA[Richard Feynman]]></category>
		<category><![CDATA[The New Yorker]]></category>
		<category><![CDATA[Thomas Edison]]></category>
		<category><![CDATA[Unspace]]></category>
		<category><![CDATA[Wired]]></category>

		<guid isPermaLink="false">http://www.rayacayan.com/blog/?p=514</guid>
		<description><![CDATA[Over the years, I have had the privilege of meeting and working with many smart and creative individuals. From tech startups to community open-source projects to member-driven projects at HackLab.TO, it appears to me that the common thread of genius is cultivated by providing an open environment for tinkering and experimentation. Although pure research certainly [...]]]></description>
			<content:encoded><![CDATA[<p></br></p>
<p><img src="/blog/img/Vitruvian-Man.jpg"></img></p>
<p>Over the years, I have had the privilege of meeting and working with many smart and creative individuals.   From tech startups to community open-source projects to member-driven projects at <a href="http://hacklab.to/">HackLab.TO</a>, it appears to me that the common thread of genius is cultivated by providing an open environment for tinkering and experimentation.</p>
<p>Although pure research certainly has its place in academia and R&#038;D, it sometimes creates an air of universal legitimacy where none was intended.  The Gaussian copula is an example of a financial theory from academia which was quickly adopted by risk managers due to its simplicity and research credentials, but is now claimed to be responsible for the greatest financial crisis in recent history (<a href="http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all">Wired &#8211; &#8220;The Formula That Killed Wall Street&#8221;</a>).</p>
<p><img src="/blog/img/Gaussian_Copula.jpg"></img></p>
<p>On the other hand, experimentation makes no pretense of viability or legitimacy, and thus provides tinkerers with the freedom to start small, fail quickly, learn from their mistakes, and create better ideas without causing a financial disaster.  Leonardo da Vinci, Nikola Tesla, Thomas Edison, Mark Twain, Mozart, Picasso, and Richard Feynman are some of the more famous genius experimentalists of our age.  </p>
<p>Author and journalist Malcom Gladwell provides some fascinating observations about youthful prodigies versus late-blooming genius (<a href="http://www.newyorker.com/reporting/2008/10/20/081020fa_fact_gladwell?currentPage=all">The New Yorker &#8211; &#8220;Late Bloomers&#8221;</a>).  I would argue that this is not necessarily a function of a person&#8217;s age, but rather the number of failures, or learning experiences, they have made before finally making tremendous progress.  Young prodigies found their niche early, failed quickly, and achieved early success.  Late bloomers, on the other hand, experimented with different fields or careers before eventually finding their niche, then continued to fail and learn quickly in that niche before achieving success.  Failure, experimentation, focus, and discipline are vital to uncovering our hidden genius.</p>
<p><img src="/blog/img/NewYorker_LateBloomers.jpg"></img></p>
<p>The role of organizations in cultivating or destroying genius is not, in my opinion, the result of the organizations themselves or their bureaucracy.  Rather, it is a function of how much freedom their employees are given to experiment with their ideas.  In the current recessionary environment, the cost-cutting mandates and tight project-management schedules are highly detrimental to the creative employee&#8217;s ability to try new ideas that are not included in the budget or project schedule.</p>
<p>I conclude with the following comment I had recently written in response to a blog post (<a href="http://rethink.unspace.ca/2009/3/20/the-best-of-intentions">&#8220;The best of intentions&#8221;</a>) by Unspace founder Pete Forde:<br />
_____________________________________________________________________</p>
<p>Pete,</p>
<p>Great advice!  A web startup is an excellent environment for cultivating rock star talents and nurturing genius in all of its forms.</p>
<p>Unfortunately, there are many smart individuals who do not have the connections, business knowledge, or financial capacity to leave a full-time job in order to start a new web development company.  Instead, they continue to languish in heavily bureaucratic organizations, many of which are controlled by head offices in other countries.  The opposing business and technical agendas at these firms can be highly restrictive and quite damaging to the natural talents and creativity of young prodigies.  At some point, the light of genius inevitably dims and dies out completely.</p>
<p>I shudder to think what might have happened if one of your partners (mef) had continued working for me at one of these bureaucratic financial firms.  Nevertheless, not everyone can work for a startup, and large organizations continue to hire bright people and turn them into mindless droids.  What you have accomplished at Unspace should be a shining example not only for startups, but for these larger firms as well.  In my opinion, if companies can provide an open environment for tinkering and experimentation by their creative employees, and the proper channels to hear and implement their ideas, we will find that geniuses are truly everywhere.</p>
<p>Regards,<br />
Ray Acayan</p>
<p>_____________________________________________________________________</p>
<p><br/></p>
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		<title>And So It Begins&#8230;</title>
		<link>http://www.RayAcayan.com/personal/and-so-it-begins/</link>
		<comments>http://www.RayAcayan.com/personal/and-so-it-begins/#comments</comments>
		<pubDate>Thu, 12 Feb 2009 23:00:49 +0000</pubDate>
		<dc:creator>Ray Acayan</dc:creator>
				<category><![CDATA[Personal]]></category>
		<category><![CDATA[CFA]]></category>
		<category><![CDATA[MBA]]></category>
		<category><![CDATA[PMP]]></category>
		<category><![CDATA[Rotman]]></category>

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		<description><![CDATA[This is my first blog. After many grueling years of hard work and study, I finally have some free time to reflect on what has gone before and to prepare for what lies ahead. Actually, I&#8217;m just extremely bored. First, a little bit about myself. I&#8217;m a recent Rotman MBA grad with a triple-major in [...]]]></description>
			<content:encoded><![CDATA[<p></br></p>
<p>This is my first blog.</p>
<p>After many grueling years of hard work and study, I finally have some free time to reflect on what has gone before and to prepare for what lies ahead. Actually, I&#8217;m just extremely bored.</p>
<p>First, a little bit about myself. I&#8217;m a recent Rotman MBA grad with a triple-major in Investment Banking, Funds Management, and Risk Management &amp; Financial Engineering. I have worked in Information Technology for my entire career, and I dabble in hedge funds, proprietary trading, real estate, political analysis, web development, social media, private equity, and network security. IÃ¢â‚¬â„¢m also studying for the CFA and PMP certifications. You could say that I am Ã¢â‚¬Å“A Geek of All TradesÃ¢â‚¬Â.</p>
<p>In June 2008, I was laid off from my full-time job after 11 years in the financial industry. Shortly afterward, I graduated with an MBA from the Rotman School of Management (University of Toronto) and proceeded straight to semi-retirement. There were no jobs available as the financial industry collapsed, and we are now headed toward the worst economic conditions since the Great Depression.</p>
<p>So what happens now?</p>
<p>I have started looking for a full-time job, preferably in technology management or quantitative finance. If you have any leads, please e-mail me at <a href="mailto:RayAcayan@gmail.com">RayAcayan@gmail.com</a>. Thanks in advance for all your help. In the meantime, I continue to support my wife and 3-year-old son with some gold investments, left-over severance pay, and limited government assistance.</p>
<p>The job-hunting experience can be extremely boring, and I would rather do something more productive and somewhat entertaining. Hence, the blog. I&#8217;ll write about some interesting news, events, and insights that I come across in my adventures as a geek of all trades.</p>
<p></br><br /></br></p>
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