Blayne Sucks

Now that I have time to catch up on some blogging, I wanted to point out this interesting and well written article about F. Scott Fitzgerald’s income tax returns. Fitzgerald’s life was quite different than any modern American, wealthy or poor. He was recognized as an important American author almost immediately, which brought him fame and great wealth. He and his wife became famous for their luxurious lifestyle, but perhaps the reality was somewhat different:

What can be learned from Fitzgerald’s tax returns? To start with, his popular reputation as a careless spendthrift is untrue. Fitzgerald was always trying to follow conservative financial principles.

Another surprise from the article was that most of his income didn’t come from his major novels:

Most of his earnings came from the short stories and, later, the movies. His best novels, The Great Gatsby (1925) and Tender Is the Night (1934), did not produce much income. Royalties from The Great Gatsby totaled only $8,397 during Fitzgerald’s lifetime. Today Gatsby is read in nearly every high school and college and regularly produces $500,000 a year in Scottie’s trust for her children.

The Great Gatsby was one of the first books that came to mind when I started thinking about the Great American Novel Challenge. (You can read my review here.) It’s hard to imagine that Gatsby earned so little money compared to his other work.

Much of his wealth was devoted to caring for his wife, who was diagnosed as a schizophrenic and had large medical bills. For example, she spent 15 months in a sanatorium, which cost a total of about $13,000. When he died, his estate was rather small given how much money he had earned in his lifetime. The article notes that the copyrights to his novels, which now earn several hundred thousand dollars a year, were considered worthless.

I’m not sure I would take financial advice from Fitzgerald. He didn’t seem to have a particularly good grasp of money management. Although he did track his spending rather well, he thought that “money usually turns up somewhere in time of need, and that at the worst you can always borrow.” Clearly, this is not particularly good advice. Also, he seemed to miss some of the now-basic lessons of economics. For example:

Fitzgerald did not agree with Chicago School market theory, which is to say, he did not believe that more sellers means more competition, which means lower prices. Fitzgerald thought that if you had more sellers they simply raised prices to whatever they needed to survive.

The differences between the IRS system of Fitzgerald’s era and the modern era are fascinating. Consider the following (emphasis mine):

Before World War II, the government did not know what anyone made. Only the wealthy and upper-middle class filed returns—less than 10 percent of the population. The system was based on what the IRS called “self-assessment,” which meant that the taxpayer told the government what he or she earned the prior year and then sent a check on March 15.

Clearly, this was a very, very different era. There’s a lot more in the article.

On Friday, December 11th, my MacBook Pro stopped working properly. I couldn’t get video regardless of what I did. I took it to the Apple store the next day, where I learned that my graphics logic board was the victim of the infamous NVIDIA recall. I was told that it would take up to 10 days to get it repaired. Just as I was starting to recover from the shock of being without my computer for 10 full days, the Apple employee who examined my laptop said they would need my username and password to complete the repairs.

There is no valid reason Apple needs a username and password to repair a graphics logic board. This is a basic principle of computer security: Do not give anyone your username and password. I asked why they wanted it, and I was told that they needed to be able to log into the machine to verify that it works. This is simply false, and I’m disappointed that Apple would claim it was true. Graphics can be tested in a variety of ways without using an existing username and password. First, they could have used the guest account on the machine. Second, they could have booted into an operating system on a CD/DVD such as Knoppix. Third, they could use a bootable USB drive. Fourth, they could boot from an external hard drive. These options are even documented on their website. Needless to say, I refused to give them my username and password. They refused to send the computer off to be fixed. I asked if there was anywhere else I could get it fixed. To their credit, the Apple store employees were prepared to give me a recommendation to Ten Plus Systems.

I knew almost immediately after walking into their store that Ten Plus Systems was a quality computer repair shop. First, I saw one of the technicians talking with the receptionist about a repair. They were clearly organized, and my gut told me immediately that the technician was a genuine computer geek. Second, they were selling an original, fully restored 1984 Macintosh. It was absolutely beautiful. It looked almost new, and a great deal of care clearly went into restoring this machine. I strongly believe that people who are experts in their field have an intuitive sense that allows them to identify other experts rapidly. (Read Blink by Malcolm Gladwell if you are interested in exploring this concept.) As a computer science PhD student who has built at least a dozen computers from parts, I consider myself an expert in this field. I could tell this store was run by experts.

I arrived Monday morning and my computer was fixed 26 hours later. It was basically a one day turn around on a repair that Apple said would probably take 10 days. They didn’t need my username or password. They didn’t even ask. Ten Plus Systems is an Apple-certified repair store, which means that any machine covered by AppleCare can be repaired there. They also repair Apple and PC machines not covered by AppleCare, and they recycle old computer parts for their customers. If you are near Raleigh and need computer repair work done, I would strongly recommend Ten Plus Systems based on my experiences with them.

Disclosure #1: According to the relatively new FTC rules for bloggers, I should disclose my connection with the companies I’m endorsing. I haven’t been paid for this post. I haven’t been given any gift of any kind for this post. I haven’t had an out-of-body experience in which I was in any way compensated for this post. (At least, not yet…) I’m just a genuinely satisfied customer.

Disclosure #2: I agree with Adam Thierer: the relatively new FTC rules for bloggers are almost completely unenforceable.

I’m going to do something in this post that was probably inevitable: I’m delaying my post for December. There are a myriad of reasons for this. Foremost amongst those is probably best said by Tim Lee:

It turns out that if you enroll in grad school in computer science, they expect you to do computer science work. And apparently writing a blog doesn’t qualify.

Having said that, it’s not all that clear to me that all the frenetic efforts that did take my time this month have produced anything else that might qualify.

Regardless, I will post a review of a book sometime this month. I will theoretically have time to catch up on some reading later in December, so I should be able to be make the January 4th deadline as well. I apologize to anyone who was genuinely interested in my next book review. (Yes, that’s you mom!)