Monday Morning

Aneta back to Czech for the week and today I am solo with the Shakespeares. It is sunny and warm so everybody in a good mood, 9AM. Eitan wants to go to the outdoor pool but Madeleine, who was on board initially, changes her mind (Madeleine: "I was not on board! I was never on board!"). We weigh the Barnes Wetland Center (Madeleine: "Yea!"; Eitan: "No!"), Kew Gardens (both: "naw"); Snakes and Ladders (Me: veto).

In the end, Madeleine relents re the pool in return for "a fizzy drink" and we are off.

Madeleine: "Dad, I have one-hundred eighty one pounds exactly."

Me: "Is that so?"

Madeleine: "And nothing to spend it on."

Marathon Sunday

And here we are again - the London Marathon - and trust me I am delighted to be watching the front-runners on the tele with my feet up (Photo from The Telegraph, last year, at Tower Bridge). Recall, Dear Reader, 2009 a disaster when it comes to marathoning : two races, one cow suit and a combined ten miles of soul destroying misery. Of my five races, I have not once finished running. Never say never, but another marathon highly unlikely - these days, seven miles pain-free a luxury.

The inaugural London marathon in'81 had 7,741 entrants, 6,255 of whom completed the race. The first Men's Elite Race was tied between American Dick Beardsley and Norwegian Inge Simonsen, who crossed the finish line holding hands in 2 hours, 11 minutes, 48 seconds. The first Women's Elite Race was won by Briton Joyce Smith in 2:29:57. Last year's race had 35,859 entrants with 35,268 finishing (this does not make me feel especially good as I bonked out at mile 25). This year there are over 37,000 runners.

Course records have been set eight times in the men's race and eight times in the women's race. World records have been set four times. Khalid Khannouchi, representing the United States, set the men's world record in 2:05:38 in 2002. The following year, Paula Radcliffe set the women's world record in 2:15:25, which stands today and may not be broken for twenty years - no woman has come within three minutes of Paula's time. Wanjiru set the men's course record at 2:05:10 in 2009 in the Men's Elite Race. This is 4:45 miling for 26 miles.

V&A Chandelier

I take this pic awaiting Sonnet. The V&A's Rotunda, or main entrance, home of the wonderful, 30ft high, blown glass chandelier by Dale Chihuly. After the original dome of the rotunda was reinforced, the chandelier installed in 2000 as the first stage of the V&A's modernisation and redevelopment.

Dale with us last night for dinner. Hard to believe that he and his family left London for TX six years ago and while we email often, this is our first re-union since 2006.

Eitan and I sit around watching videos on Youtube while Sonnet and Madeleine doing some errands and the mutt sleeps after a long walk in Richmond Park. The weather, which started off so promising, now overcast but at least it is warm - and the sun sets in the late evening. London has emptied for the Spring Easter holidays and the traffic, by my imperfect guess, down 10% which makes driving into town a joy. I wouldn't say it's lazy but close.

Eitan, dismissing my entire generation: "Madonna. Uh."

Ben & Jerry

Eitan multi-tasks.

Peter Pan

Madeleine's drama class ends this week with a performance of Peter Pan at Putney Arts Theatre. Our hero is an Indian (or "Native American" - but these Brits are not quite up for such a modern expression). Madeleine comfortable with her lines and has a nice stage presence. The 40 or so in the audience give the little dears our cheer. Afterwards Marcus joins us for a sleep-over.

Me: "Anything to say about 'Peter Pan'?"

Madeleine: "Like what?"

Me: "Were you nervous in the play?"

Madeleine: "Yeah, a little bit."

Me: "Like when?

Madeleine: "Especially when I did the dance. Remember that?" [The kids sing Alphavilles' "Forever Young" inserting various Peter Pan appropriate lyrics]

Sonnet: "Yes, I wish I could watch it every day."

Me: "Anything else?"

Madeleine: "Oh, Dad."

Me And The Boy

Friday afternoon I pick up Sonnet from Blythe House where much of the V&A's fashion collection will soon be stored. We then get Eitan from football camp in Chiswick, arriving in time to see his team win the final tournament (Eitan jumps in the air, pumps a fist) and an awards ceremony recognising the enthusiastic or better players.

Shard Of Glass

Renzo Piano's "Shard of Glass" at London Bridge will be, when completed in 2012, the tallest building in Europe and the 45th tallest building in the world. It is the second tallest free-standing structure in the UK after the 1,084 ft (330.4m) Emley Moor transmitting station. The building in all its various stages and seen by millions daily, will soon be a fading memory once the project finished.

(From wiki) In February 2009, a mobile crane and a small piling rig appeared on site.

In early March 2009, the small crane began putting steel beams into the ground, as part of preparations for the core of the building. Full construction began on 16 March 2009, with the first piling rig on site. Demolition work on the New London Bridge House started in May 2009.

The latter is an adjacent project to accompany the Shard London Bridge. The first steel work went into the piles on 27 April.

Five cranes are to be used to build the project, with four of them 'jumping' with the tower as it rises. Crane 1 was erected on 20 September and crane 2 was erected at the beginning of October.

By 20 October 2009, steel beams began appearing on site, with concrete being poured at the northern part of the site, ready for Crane 3.

By March 2010, the concrete core was rising steadily at approximately 3 metres a day.

After a pause in March–April 2010, it continued rising, reaching approximately the 33rd floor in mid-June, almost level with the top of Guy's Hospital, which stands at 143 m. The first glass panel was installed on 25 May 2010. On 27 July 2010 the core stopped rising as it had reached level 38 and needed to be reconfigured.

By mid-November 2010, the third core had reached level 68 (approx 235 m) with steel reaching level 40 and cladding enveloping a third of the building. In late November, it passed the 235 metres (771 ft) mark, relieving One Canada Square in Canary Wharf of its 18-year reign as Britain's tallest building.

The concrete core has now topped out at level 72, standing at 245 metres (804 ft).

The early part of January 2011 saw the installation of hydraulic screens. These are used to form the concrete floors that are needed for the hotel and apartment section of the tower. These will rise with the floors up to level 69. On 25 January 2011 the concrete pumps began pouring the first concrete floor at level 41.By the end of February 2011 the concrete floors had risen to level 46 with a floor being poured on average every week. The cladding has also progressed mainly on the towers "backpack" where much of its 15 levels were cladded in a month, the cladding on the main tower though had slowed due to the concrete floors being poured above.

April 2011 saw steady progress in construction and cladding had enveloped half the buildings exterior . Pouring of the concrete floors had reached level 50 and progression on the towers cladding had picked up pace once again with cladding reaching level 38.

London Tower

I am in the City to pick up my camera after droping David off following Friday morning meetings - freedom! It is a sunny day and I am surrounded by tourists. Near the Tower a young man, maybe 30, maybe Danish, asks permission to sit on my bench; he has a brief conversation which, to my eavesdropping, sounds uncomfortable. A few minutes later, a woman arrives with a huge smile and they embrace; she settles on his lap and they make out. Her accent Eastern European from who-knows-where. Since I would seem to be the odd man out, I move along.

The London Tower founded in 1066 as part of the Norman Conquest of England. The White Tower, pictured at top, gives the castle its name, was built by William the Conqueror in 1078, and was a resented symbol of oppression, inflicted upon London by the new ruling elite. The castle was used as a prison since at least 1100, although that was not its primary purpose. A grand palace early in its history, it served as a royal residence. The Tower is a complex of several buildings set within two concentric rings of defensive walls and a moat. There were several phases of expansion, mainly under Kings Richard the Lionheart, Henry III, and Edward I in the 12th and 13th centuries. The general layout established by the late 13th century remains despite later activity on the site.

Me: "Did you know that there is a prison in the London Tower that fills with water as the Thames rises, killing whoever is inside?"

Eitan: "That is a horrible way to die."

Madeleine: "Burning in fire...."

Me: "How about boiling oil?"

Eitan: "I would want to go fast. By a gunshot maybe. Or my head cut off."

Madeleine: "You would want to have your head cut off Eitan?"

Me: "Like the Guilitine. Do you know what a Guillitine is?"

Eitan, Madeleine:

Me: "It is a large blade which they drop on your neck and- wack! - 'off with your 'ed!'"

Eitan: "That would be quick."

Correlation Ventures

I am a bit behind on my journal following a week on the road with David, who continues to raise capital for his firm, Correlation Ventures. Here we are, on a train, from Geneva to the airport.

Our week takes us from London to Amsterdam/ Rotterdam/ The Hague to Copenhagen then Switzerland and back to London to visit some family friends and institutions, who, despite a strong expressed interest in a quant-driven venture strategy, are unable to rise above themselves to support the partnership. Venture capital is a tough sell and a first-time fund with a unique approach almost, well, impossible. Despite this, we now have $50 million of commitments including three US endowments which are considered "prestige" and usually come in to well-established funds.

David's presentation nimble with enough geek to impress the statisticians, like the guy we meet from James Dyson (Dyson having invented the world's most popular vacuum cleaner- you may have one - and the "Airblade" dryer now in most big airports including SFO and Heathrow) and patience for everybody else. Time and again we must grin and bear it when somebody states grandly, usually at the end of our time, that "you can't use the past to predict the future." And of course this is true. What David is trying to do is exploit patterns, consistent in the venture industry during boom and bust, to enhance the odds, in a large portfolio, that there is a higher proportion of "winners" - companies that exit in the top 1% of outcomes for any given year. Given that no vc has a clue, at the time of investment, if his company a winner or loser (recall 90% of all start-ups fail) and a third of syndicates need money and exits equally distributed between over- and under-subscribed rounds - this is greenfield. As another David says : "game changer."

The Sounds

This cool photo of the Sounds from Christian who notes : "straight from Sweden."

Madeleine: "Did you go to school with Harry Potter?"

Me: "Harry Potter?"

Sonnet: "I think you mean Emma Watson, who goes to Brown."

Madeleine: "Yeah. Did you know her?"

Me:

Madeleine: "I want people to know my face. I want to sign autographs. I want to be a famous actress."

Me: "What do famous people have in common?"

Madeleine: "They work hard?"

Me: "Bingo."

Madeleine: "In drama I never get the big parts."

Aneta: "My first part I was a river. Glug. Glug. Glug.. ."

Sonnet: "When you go into drama class next term, tell the teacher you want a bigger part."

Me: "Well, Kid, show us some acting."

Madeleine: "Like what?"

Me: "How about 'I love you?'"

Madeleine: "Dad!"

Me: "Ok, say 'I really love that red car.' You know, with emotion."

Madeleine: "I really looove that red car."

Me: "I luva that red car witha alla my heart!"

Sonnet: "I think your daughter is trying to have a serious conversation with you."

Me: "Madeleine, if you want something honey, you have to ask for it."

Madeleine: "Give me the £40 you owe me."

Me: Touché.

Adjusting To A Global Market (1974-2011)

(From the FT) The postwar consensus broke down amid the "stagflation" of the mid-1970s, as a full-blow recession, with double-digit rates of inflation, followed the quadrupling of the oil price in 1973. Government economic policy moved towards greater acceptance of market mechanisms.

While globalisation saw much of the world's manufacturing industry moving to the emerging Asian economies, the UK economy shifted away from traditional heavy industries towards services, particularly financial services. The first decade of the new century ended with the deepest peacetime recession in 70 years.
Photograph: Nils Jorgensen

Movie Night

Eitan: "Can I do football skills Monday afternoon?"

Madeleine: "You can't Eitan. You have cross country."

Me: "And how do you know that?"

Madeleine: "I'm not an outcast, Dad."

Eitan and Madeleine: "Family movie night!"

Sonnet: "Do you want to watch 'Ghost Busters'?"

Madeleine: "What about that other one?"

Sonnet: "'Whatever Works' by Woody Allen?"

Madeleine: "Yes! That one."

Eitan: "Is it rated?"

Me:

Sonnet: "It says it is rated 12."

Madeleine: "Eitan is worried that there is inappropriate material."

Me: "Eitan is worried that he is going to see a bottom."

Eitan: "Dad!"

Sonnet: "It says 'moderate sex references.'"

Me: "See, just like I said. A bottom . ."

Eitan:

Sonnet: "Eat your salad."

Madeleine: "I hate Salad."

Me: "Since when?"

Madeleine: "I've hated salad since last year."

Anthony Horowitz

The kids queue for hours to meet Anthony Horowitz, the author behind "Alex Rider." (Eitan, aware that Horowitz a Chelsea fan, was going to wear his ManU shirt so I am happy to see Sonnet ordered him to take it off). And who is Alex Rider, you might ask, as I once did ? Well, Alex Rider a teenage spy. In Britain. The series aimed primarily at young adults and, with nine novels, one of the most popular of its type. Both Madeleine and Eitan, especially Eitan, devour them.

Anthony Horowitz: "What's your name?

Eitan: "Eitan."

Alex: "What kind of a name is that?"

Eitan: "It's Hebrew."

Anthony: "Do you know what it means?"

Eitan: "No."

Anthony: "Have you ever been to Israel?"

Eitan: "No."

Anthony: "I've been there when I was writing the Alex Rider books and I think it is a very interesting country."

For the record, "Eitan" is a Hebrew name that means "steady" or "firmness", "long lived", "strength" and "forceful."

Photo by Sonnet

Prison If

We take a boat ride by the Château d'If, a fortress (later a prison) located on the island of If, in the Mediterranean Sea about a mile offshore in the Bay of Marseille. It is famous, Dear Reader, from Alexandre Dumas' The Count of Monte Cristo where Le Monsieur de la Count jailed - I read the book a couple of years ago to my great delight. Recall the main character Edmond Dantès(a commoner who later purchases the noble title of Count) and his mentor, Abbé Faria, are imprisoned in If. After fourteen years, Dantès makes a daring escape from the castle, becoming the first person ever to do so and survive. In reality, no one is known to have done this. There is also a 33 Champs-Élysées BTW where Le Count lived in the story.

The château a square, three-story building 28 m long on each side, flanked by three towers with large gun embrasures. The remainder of the island, which measures about 30,000 square meters, heavily fortified; high ramparts with gun platforms surmount the island's cliffs.The isolated location and dangerous offshore currents of the Château d'If made it an ideal escape-proof prison, like our Alcatraz. Its was a dumping ground for political and religious detainees and one of the most feared and notorious jails in France. It was built in the 15th century and one may easily marvel at the effort this must have required.

"My partner is my master."

--The Count of Monte Cristo

Night Out

I prepare for the night's affairs.

Dance

Astorg out-performs so really their annual general meeting a pretty tame affair. Astorg's Chairman, Xavier, jokes with the owner/manager of the one company whose performance has slipped since last year's review. Otherwise it is mostly good stories and valuation mark-ups. Xavier takes it upon himself to show us the best of his country and this year special as his hometown in nearby Nice. By Thursday all investors to hand and the Astorg team flies in for dinner, which is at Palais du Pharo, built under Louis Napoleon Bonaparte for the Empress Eugenie. Before supper we have a private viewing of La compangnie Julie Lestel's "corps & 'âmes", a modern dance production (pictured) that has received awards around the world and, I might suggest, a bit risqué for the crowd. Unexpected and sublime.

Astorg's younger ranks fun to watch - 28 to 32 or so, very fashionable, young and attractive - it is clear they enjoy being around each other.

Eitan now swims five nights a week for the regional squad+football+cross country. He is as gung-ho as ever when it comes to sport.

"Glory is fleeting, but obscurity is forever."
--Napoleon Bonaparte

Marseilles

I am in Marseilles from Wednesday for Astorg's annual investor meeting, which kicks off at Gerald Passedat's restaurant, Le Petite Nice, a three-star Michelin restaurant that even has the French going "oo la la." Passedat known for his fish work and so (of course) the fellow next to me does not .. eat fish. The rest of us marvel at his creations and accompanying wines which somehow improve the flavors. We have the restaurant to ourselves - about 30 of us - and drink champagne beforehand as the sun sets on the Mediterranean which spreads before us. Not bad for a Jewish kid from Berkeley.

I have not been to Marseilles since '83 when Geneve Natation participated in a competition at the then-new 50-meter Olympic pool built into the city cliffs. And there she is, looking a bit older maybe but connecting me to footsteps I walked 28 years ago.

Wednesday's menu:

Avant-goût (Foretaste)

Asperges de Pertuis au Naturel (Natural Pertuis Asparagus)

Truffe en Mini Brouillade (Mini scrambled of Truffle)

Cabris et petis pois (Goat meat, peas and vegetables)

Nouille fraîche aux Morilles (Fresh Noodles with morels)

Foie de Canard a l'inis étoilé (Foie gras with Star Anise)

Les fromage affinés (chees)

L'avant-douceur (pre-dessert)

Chrysalide de caramel au chocolat (Caramel chrysalis with chocolate)

Mignardises (Homemade delicacies)

Wines

Champagne De Souze Cuvée 3A

Cotes de Provence blanc Domain Mas de Cadenete Cuveé Mas Negrel de Cadenet 2097

Chablis premier cru Montmains 2007; Domain Jean-Paul et Benoit Droin

Cornas Les Ruchets 1999; Domaine Jean-Luc Colombo

Vin doux Naturel Rivesaltes Ambre 2006; Domaine Rossignol

(photo from the web, uncredited)

Broom

Eitan promoted to the regional swimming squad, which gets a bashful acknowledgement when Head Coach Mirella and club Chairman Nigel tell him he has earned his place "from hard-work and good progress." The boy now expected to train five or six times a week. We discuss his commitment to sport : swimming, football and cross-country, which he enjoys at school. At some point - not now, but soon - he will most likely have to make a choice between the three but for now, he is boundless energy and not enough hours in the day.

Rusty chases the broom - he can do this for hours.

Boob Tube

We have a fairly sharp policy when it comes to media: the less, the better. No Nintendo DS nor Xbox; no boob tubes in the kids' rooms (only one household television); one family computer which the kids use in the kitchen in the presence of an adult. Eitan and Madeleine have 'movie night' Thursdays and one-hour of cartoons Sunday mornings though relaxed around football, which Eitan cannot get enough of (+I enjoy watching with him). Madeleine gets her extra share, too, do not worry Dear Reader. The one exception radio : I have no problem with the wireless which, at least, exercises some imagination. They also go for CD boxsets of Hairy Potter or whatever (I sometimes find one or the other sound asleep with the player going). Sonnet and I figure the Shakespeares will spend half their waking life Facebooking and Twittering . . no need to rush them online when they should be reading and playing in dirt.

For the record, the British Market Research Bureau reports that Britain's children spend four-and-a-half hours a day in front of a TV or computer - one hour 50 minutes online and two hours 40 minutes in front of the television. It found that children spend more time in front of a screen in one day than they spend exercising in the entire week. 97 per cent of 11 to 16-year-olds own a mobile phone – eight per cent more than the percentage of adults who own one.

Post-War Stability (1950-1974)

(From the FT) This period was one of relative stability for Britain - with generally low inflation, and no significant recessions - and of relative decline, as other nations, in particular the resurgent Germany and Japan, overtook the UK in the international economic pecking order.

Political parties were in broad agreement that the state had a role to play in the economy, to fund the expanding welfare state and, by judicious use of fiscal and monetary policies, to maintain full employment.