Biotech

Today Mathieu and I model a life sciences portfolio that we may bid for Friday. The value of the thing is around €30MM give-or-take and we are trying to get it on the cheap - but value is in the eye of the owner. Biotech has been a terrible place to be an investor the last seven years and Europe can count on two hands its successful IPOs. M&A, while also limited, has been more robust. Nobody doubts Europe has its share of brains. What it lacks is a vibrant entrepreneurial attitude and one big public market like NASDAQ providing liquidity. The two of course go together: it is much easier to start a company if the road is riches.

Tomorrow I fly to Amsterdam to see several pension fund investors in The Hague.

Mike

Mike is an American in London as long as us - 1997 a.d. We met at the Columbia business school and our families began at around same time: his oldest is seven. Mike will leave London 16 June for Minneapolis-St. Paul where a house with front porch and oak tree awaits on a quiet neighborly street nearby family. In other words, an easy transition. Photo before Kensington Palace just off Kensington High Street.

Busker

I walk the neighborhood with Eitan and Madeleine selling raffle tickets for the school fair. The kids get their pitch down and avoid the temptation to bolt after the hard-sell. Tickets are 50p and prizes include a weekend at Glenn Eagles home of the last European summit, theatre, bikes and other enticements. Most people buy one or two, digging deeep into their pockets for the change. Still, it is a good lesson for the kids I think.

Madeleine at dinner asks very seriously: "do people hurt penguins mum?" When Sonnet says perhaps and asks ways how, Madeleine says: "kill them!" Eitan weighs in: "they chop of their beaks and head!" and finally Madeleine: "make them into coats." (photo from US govt antarctic library)

I ask Madeleine for a favorite hobby and she says the "flower store" (she loves choosing). When asked why she replies "because they don't have to work."

Saturday

Here's Sonnet in 2003 during Eitan's infamous Hollywood try-out. Sonnet tells me just now that she does not like this photo: "I look tired" she says. I tell her she was tired - the kids were one and two.

This morning begins with wild parrots who perch in a nearby aspen . Eitan and I consider this from his bed while thinking about our day beginning with football. Both kids play hard and during a game Eitan makes a terrific cross-pitch pass to team mate Harry who thumps in a goal. Bravo! us dads cheer. Madeleine's side fairs less well: 1-5 against us. Oh well. Everybody in good spirits and we celebrate with Cokes and crisps.

From football the kids help me with yard-work then Sonnet takes Madeleine for some chores while the boy and I go to the dump to recycle our earthens and wash the car. Finding ourselves with time to spare, we go to the neighborhood common to practice football. I must admit my frailty: after an hour in the muggy heat my shirt is soaked and I am easy prey.

Seizures

Adding to the absurdity of the London 2012 brand, The Times reports that the logo may cause epileptic seizures. My complaint is that it is miserable. This brain lateral cross section taken from neurology.edu. In approximation, the more dense a material is, the whiter a volume of it will appear on the scan (just as in the more familiar "flat" X-rays). CT scans are primarily used for evaluating swelling from tissue damage in the brain and in assessment of ventricle size. Modern CT scanning can provide reasonably good images in a matter of minutes, like this one.

“The price of your hat isn't the measure of your brain.”
African-American proverb

Selfish Gene

Emily Kasriel invites me to the BBC World Services Book Club at Bush House to hear Richard Dawkins speak about his evolutionary theory: "all life evolves by the differential survival of replicating entities" most famously put forward in The Selfish Gene" in 1971. I happily agree as Arthur Garrison and I read the book in 2003 which we discussed on one of our many London walks. The show will broadcast 29 July and to reach 60 million; I ask a question: "how does the selfish gene reconcile non-propagating traits like homosexuality." Woo-hoo! Following Dawkins, I jump a taxi and tell the driver I have seen the world-famous writer. His reply: "He can't be fuck'n famous, mate, cuz I've never heard of 'im". We then have a rousing conversation about England football, project houses and the troubles with Britain. At the end he shakes my hand as I receive my change which is something quite extraordinary, really.

After Dawkins, Sonnet and I say goodbye to Mike and Gretchen Bransford, who have a going away party in South Kensington Mike is a friend from business school and the Bransfords are our longest-held American friends in London. It is sad for us to see them go.

Cemetary

Katie and grace in front of tombs in new Orleans' St Louis #1 cemetery. In the background is the tombof Marie Laveaux, the famous voodoo queen. According to Katie, "you make an offering to the queen of one penny and three marks on her tomb. In return, Laveaux might do some black magic and grant your wish. The tomb is covered in marks."

Madeleine contemplates Santa Clause this morning, noting that St Nick "doesn't know everything." I ask Madeleine if Claus knows whether she has shouted, cried or pouted and she replies: "of course dad, that's his job." I push a little further to see what happens if there is a fire in the fireplace? "Well" says Madeleine, "first he would try another chimney and then he would knock on the front door. Or go through an open window." And there, I might add, you have it.

Gore

Katie crashes her rental bike in a trolley track and has to go to the emergency room. They glue her chin back together, instead of stitches. Research in the UK, based on hospital based samples, finds that 72% of cyclist accidents involved no other vehicle at all, and that 7% were claimed to be caused by motor vehicles. This contrasts with another analysis which found that between 60% and 85% of serious cyclist injuries are the result of negligence by a motor driver. A study conducted in 2000 by the Institute for Road Safety Research in the Netherlands found that single bicycle accidents accounted for 47% of all bicycle accidents, collisions with obstacles and animals accounted for 12%, and collisions with other road users accounted for 40% (with the remaining 1% having unknown or unclassified cause).

New Orleans

The Orensteins in New Orleans doing construction work, painting and other like-related repair projects and to see again the city. Grace says: "We are on our way to a great restaurant, Matt and Naddie's, then to hear a jazz protoge' of Ellis Marsellas." Dad says: "great Creole food, hard work, lots of fun." Katie: "one of the rotary guys has nick named dad "mo-town."

Bubble

From Wolfram's MathWorld, a bubble is a minimal-energy surface of the type that is formed by soap film. The simplest bubble is a single sphere, illustrated above by J. M. Sullivan. More complicated forms occur when multiple bubbles are joined together. The simplest example is the double bubble, and beautiful configurations can occur when three or more bubbles are conjoined. An outstanding problem involving a bubble is the determination of the arrangements of bubbles with the smallest surface which enclose and separate n given volumes in space.

While on the subject, a one-bed flat is being marketed in Central London for £3 million or about $6 million. Guests presumably would sleep on a fold-out futon.

2012

This piece of shit is the Olympic brand for our 2012 games after £400,000 invested and 12 months of PR work. Unveiled yesterday by Olympian and Olympic custodian Seb Coe, the design has been called a "broken swastika", a "scribbled joke" and even a "toiletting monkey" by Fleet Street. When asked, London's communist mayor Ken Livingstone says he is not going to "get into a sub-orgasmic state over it." Amen. Already an online petition protesting the logo has attracted 10,000 signatures in 24 hours. Our original logo during the candidacy phase was brilliant:The ribbon of course represents the Thames and the downward loop the Isle of Dogs.

April 2003

Here's Madeleine on 21 April 2003, or when she was 14 months. Doggie of course is ever present. For those keeping score as at today, Eitan weighs 26.4kg and and is 132cm (58 lbs and 4 feet, 4 inches) and Madeleine is 22.5kg and 120cm (49.4 lbs and 3 feet 11 inches). This is a 3-4% increase across the board since January.

Katya

Here are Katie and Katya, a friend from Capoeira in New York and Berkeley. The two are in New Orleans and have finished painting one of the school rooms of Warren Eastern High School on Canal St, which was flooded by Katrina.

Richmond Park

We goof around in Richmond Park which is all fun and games until Eitan disobeys Sonnet and plays on a compost pile. That's it! - no ice cream. The rest of the afternoon we listen to winging, whining and even begging which desists only after Madeleine has finished her choice. At some point, both kids explore while Sonnet and I read the newspapers on our orange picnic blanket. Madeleine races up to announce: "rattle snakes!" When I ask where, she replies breathelessly "everywhere dad! They are guarding the forest!" Eitan tells me it is just like Terabithia.

Madeleine has a new mood ring and I ask her about the colours: Sad? "definitely blue." Happy? "that's a yellow one." How about excited? "well, when I'm excited its brown and all the colours mixed together!"

Rock Star

Madeleine has an imagination. When I tell her this photo will go on my blog she is momentarily silenced by the idea that anybody can see her. "Will I be famous?" she asks.

Diana playground

This photo by Madeleine. Today I take the kids to the Princess Diana playground in Hyde Park. After a few hours in the sand we go to the Iranian to have lamb shwarmas and carrot juice (the kids resist). I eat too many chilis and suffer for it now. In the park, we bump into neighbors Karen and Andrew and there three children including school chum Jackson. From Di we set up a make-shift football match with goal being two trees on the lawns next to Kensington Palace. Eitan choses to be Rinaldo "the best football player in the world" and I Steven Gerard who plays for England and Liverpool. Madeleine is Sam Robinson in goal. We end the day at the Richmond pool for some paddle time before home.

Blood moon

In Paris yesterday I jump into a taxi and hear a rip - of course my trousers torn up the back-side. Running late for meetings and with my summer intern, I make the rounds and a joke out of the circumstances. I'm not so worried about people seeing my boxer shorts - its the pink flesh of the leg that is rather unprofessional.

From Paris to Waterloo to the V&A where Sonnet meets me with a change of clothes. We head for Regent's Park where we visit Todd and Christine Fisher for an evening picnic and MacBeth at the out-door theatre. Todd is a partner at the buy-out firm KKR and his wife Christine is involved with Women-For-Women, which sponsors women survivors of war-torn regions. The Fishers have four kids at various stages of maturity from 12 years to 24 months and we are impressed by their organisation. Our warm evening is suited for the dramatic play, which is as bloody and bleak as I recall from a high school reading. With Othello, I have seen my share of gore this week and appropriately the moon is blood red, hanging over the horizon for our drive home.

"Out, out, brief candle! Life's but a walking shadow, a poor player that struts and frets his hour upon the stage and then is heard no more: it is a tale told by an idiot, full of sound and fury, signifying nothing." Macbeth Quote (Act V, Scene V).

Big Skies

Here's a photo from last summer in CO. We will return Out West in July and already Eitan and Madeleine are dreaming of Martine and Ray's friendly horses. Last night, Madeleine dresses up her elephant Babaar after an evening bath which leaves the stuffed animal soaked. She then wraps a plaster around his trunk to take care of a scrape and tucks him into a make-shift bed next to her own. Finally, Madeleine places an open book next to Babar so that he may read before sleep. I find the two happily asleep, side-by-side.

Marble

Sonnet in Berlin several weeks ago. On a lovely spring-summer day I am in Paris for some meetings and to see friends. It is a quick trip returning me to London tomorrow in time for Shakespeare in Regent's park with the Fishers. I watch the French Open as I work. Life is good.

“We are masters of the unsaid words, but slaves of those we let slip out”

Winston Churchill

Nathan

Nathan patiently listens to Madeleine, who may be describing her "worm house" which unfortunately was left uncovered and got flooded this week. The creepies seem to have survived and are set free by Sonnet not to be seen again by us let us hope. Nathan is an avid tri-athelete and may be found on his bike where he rolls 40 miles a day. He also surfs and plays a mean game of fooz ball. Nice rounding skills for the Oxford graduate that is he.