My Annual Message (2026 Edition)

Every year I post a New Year’s message in which I choose a word/theme for the coming year. But, as they say, a picture is worth a thousand words. So look at the picture above. It “says” more than I could ever say about the importance of doing, and the irrelevance of talking about doing.

Let 2026 be a year of doing, and may you do it well…

The Mighty Kenny Clarke…

During this holiday season I am grateful for many things: the chance to improve my Arabic writing (abjad), helping my Japanese students prepare for their various theses, recent improvements to my jazz drumming, and so on. But we must remember that such achievements were only made possible by our cultural ancestors, of which bebop jazz drummer Kenny Clarke is mine. I love his playing deeply, and his innovations (along with those of his peer, Max Roach) are a major part of the rhythmic foundation I built for myself. So if I do a single thing that is even slightly good on the drums, it is to Kenny Clarke’s credit, not my own!

So even if you don’t know who Kenny Clarke is, think of your own “Kenny Clarke,” a mentor, teacher, coach, family member or indeed anyone who has made it possible for you to flourish to the best of your abilities. Reach out and thank them… we all would be nowhere without their generosity and insights.

Merry Christmas! メリークリスマスعيد ميلاد مجيد!

Jack de Johnette: 1942 – 2025

It is with great sadness that I learned today that legendary jazz drummer Jack deJohnette died at 83 years of age on October 26th. He had a HUGE influence on me, and I listened to his music incessantly.

It is hard to describe to non-fans of jazz how incredibly important he was to drummers that played both traditional jazz, and early jazz-fusion from the 1970s on. Jack went on to become the drummer for pianist Keith Jarrett’s most celebrated trio, and his work with that group is now iconic. As far as I am concerned his playing was and always will be the gold standard for technique, musicality, and what you might call rhythmic vitality.

I saw Jarrett’s trio in Osaka, Japan at the turn of the millenium, and as much as everyone was there to see Jarrett’s genius piano work, I was 100% there for Jack. It was such a great night, and Jack had all of us drummer types in the crowd absolutely overjoyed.

Oh Jack, I am going to miss you soooo much! Rest In Peace, you magnificent jazz giant…

Economics For Total Beginners: Part Three

As we discussed in Part One, the buying and selling that takes place in an area is called economics. In Part Two we discussed home economics, our personal approach to running the micro-economy that is our apartment or house, i.e. the various supplies and demands that we have. How much money will we spend or save? What will we produce (our jobs) in order to have money? What can we afford? And what is the best use of our money at any given time? 

Now, in Part Three, we will look at one particular aspect of our own little micro-economy: the fascinating and enjoyable world of investing, taking a little bit of our money and turning it into a little bit more money. For as they say, if you take care of your pennies, the dollars will take care of themselves. Thinking small is the key; thinking small, and slowly building your confidence and financial self-esteem. 

I say self-esteem, because many people’s attitudes toward is rooted in (unchallenged) notions of how complex, scary, or dangerous investing is, and how they “can’t do it.” Complex, scary, and dangerous investing does exist… but only for investors who 1). haven’t done their homework, and /or 2). haven’t developed patience, and self-restraint. Can it be that easy???? Can being patient and reading a couple of easy-to-understand books make you a successful investor of pennies then dollars? It absolutely can. Plus, you won’t feel scared anymore, feel better about yourself, and feel less helpless when the news is filled with doom and gloom. You will be able to trust yourself to do the best thing for yourself, as often as you can. So let’s start from the beginning.

Veronica is a gifted artist. Her painting are minimalistic, abstract, and filled with beautiful colours. She has now gotten to the point where she makes just enough money from selling them that she can do a little more than just save the money in the bank. She is smart, but hasn’t done any research on investing just yet, so she is a beginner in that world. Thus, she sits down on her couch with a cup of coffee, and begins thinking about what she knows. She has been using a chequing account, and putting some money aside in a savings account for years, but that’s it. All those words like “stocks,“bonds,” and “assets” seem like things you have to be a math person to understand deeply. So she opens up a book on basic economics and begins reading. 

To her surprise she discovers that pretty much every bank on the planet, including hers, offers more than just chequing and savings accounts. They offer special accounts that are like a chequing or savings account (where you put in or take out money, and the bank gives you a little bit of extra money – “inerest” – for using their banking system). These special accounts (aka “certificates”) are an account where you put in money, don’t touch it for a year, and then when you get it back the bank gives you much more interest than if had just put it into a regular savings or chequing account. Veronica is amazed! “What? That seems like a great deal. I could certainly find a little bit of money that I wouldn’t miss for a year, and then get more interest back that usual? What the heck is that whole thing called?”

This special certificate is known in the United States as a “Certificate of Deposit,” while in Canada the same type of product is known as a G.I.C., a “Guaranteed Investment Certificate.” Since you are loaning it to the bank for their exclusive use for a certain amount of time, it is officially an “investment” in your bank, and they legally MUST give you back all your money + some interest, no matter what. It is not only actual investing, but is the safest investment one can possibly make, super-super-super safe! So our artist Veronica, who lives in the USA, can now start thinking about taking the money she made from her two latest paintings, which she sold for $500 each, and putting it into a $1000 one-year, two-year, or maybe even 5-year Certificate of Deposit. 

Since she lives only a two-minute walk away from her bank she  goes there, makes an appointment with one of their financial advisors, and soon “buys” a one-year, $1000 certificate of deposit. Veronica is now an actual investor, in every sense of the word. 

What an exciting thing to do! Veronica is not only investing now, she didn’t feel scared, she didn’t need any math, there is literally no way she can lose (unless the planet explodes), and her future is literally brighter because no she has a tiny bit more financial security. What a great mood she is now in! So she goes back home and continues drinking coffee, snuggling with her cat, and reading about investing. 

“That whole certificate of deposit thing didn’t seem so scary. I feel like there is more that I can do and learn…,” Veronica thinks. There is much more that she is (and you and I are) easily capable of learning and doing. But the key issue right now is Veronica’s state of mind: how her emotions and knowledge are working together for her benefit. 

The secret to great investing, for both beginner’s and the legends of individual investing alike, is exactly the same: key ideas and emotions coming together. This is what we need. Not knowledge or money per se, but that magical mix of emotions and ideas that we call… wisdom. You don’t have to be “smart” to be wise. If you are wise then you can do a brilliant job investing one dollar, let alone one billion dollars. Nowadays you can buy bits and pieces of various companies for so little money, you can literally be poor and be a great investor, technically. Investing is not about being rich, it is about the decisions you make. That is why there are millions of people around us who don’t look or seem rich, like janitors and such, who are often very, very rich because they used their time and money wisely.

So even though Veronica is not a billionaire, she is now 1). actually investing, and 2). using an excellent,  simple, and easy-to-understand method to engage in the same kind of wise investing that billionaires use. If you are wise then you can actually avoid dealing with a lot of complexity, as a wise choice is so much better than a complex choice. 

Veronica is doing great. Now how can she do even better with her little pile of money, and time? I’ll show you in Part Four. 

Economics For Total Beginners: Part Two

As we discussed in Part One, the buying and selling that takes place in an area is called economics. So what happens in, let’s say, in the economy of a small town? We’ll start with an imaginary restaurant called Dan’s Burgers.

Dan’s burgers sells nothing but hamburgers. They are good quality and come in a variety of flavours and sizes. There is a kid’s burger with one patty, cheese, a little bit of ketchup, and a couple of slices of pickle. The biggest burger on the menu has four patties, lettuce, onions, ketchup, cheese, tomato, and mayonnaise. The various burgers are the “output” (i.e. the menu) of the restaurant. So how does Dan’s burgers figure out the prices of these burgers? The owner has to consider all the “inputs” that are needed to produce and sell the output: the fryer for French fries, the electricity needed to light the restaurant and run the equipment, the digital cash registers, tables in the restaurant, the employees, the building housing the restaurant, the recipes needed to produce burgers unique to Dan’s Burgers, and so on. Thus, the prices of the burgers, fries, and soda need to both pay for the inputs and bring in some profit. 

Dan’s Burgers’ owner, manager, and accountant need to figure  out such prices by searching for good meat wholesalers, a reliable way of shipping the meat to the store, a way of storing the meat for future use, and so on. So even Dan’s Burgers — a small town restaurant — is in itself a micro-economy involving meat delivery, electricity, cleaning product suppliers, a local or industrial bakery, and other such related businesses. But this is actually only “50%” of an economy… because Dan’s Burgers needs customers, and to try and figure out what those customers want. If Dan’s burger restaurant is to actually succeed, they need to be popular enough to sustain their business for a long time; they need repeat customers. That is where YOU come into the picture as a customer or “consumer.”

Your role in the economy, at the most basic level, as a customer of Dan’s Burgers for example, is to buy things you like. This is based on your tastes and the amount of money you feel you can spend on things like burgers. People really like Dan’s “Osaka Burger,” which includes wasabi and soy sauce. So clearly the owner and manager want to captialize on that fact: their menu, advertising, and decision-making might revolve around the Osaka Burger like how McDonald’s has built much of their business around the fame and flavour of the Big Mac. 

Your “relationship” with Dan’s Burger and/or its menu is an example of your overall relationship with your local economy. You are deciding on 1). how to spend your time, 2). how much money you will spend or save, and 3). what you will produce (your job) in order to have money, e.g. a janitor “produces” clean buildings, while a doctor “produces” healthy people. 

So now that you understand that an economy is the flow of money and things in a specific area, and that businesses have inputs to produce various outputs, we can move on to the next important aspect of understanding economics: how your home, salary,  and bank account(s) fit together as a little micro-economy that interacts with the greater economic system. 

In American and Canadian high schools classes called “Home Economics” are offered, which each students how to do things like cook, sew, and other activities that will help students run an efficient, cost-effective home in the future. So let’s look at an example:

A young man named Steve is starting his first year at a local university studying jazz saxophone, and has just moved into his first apartment. He is excited but a little nervous, as he has never done much cooking, cleaning, or budgetting. All the lessons he could have learned in a Home-Ec class are going to have to be learned on his own. Thankfully, he can look up a ton of information on the Internet, so it has never been so easy for a young person to teach themselves such things. But Steve will also have organize his life, time, and knowledge, meaning he is going to have to actually get out there and do what he has learned (so he’d better have a plan). 

This is where imagining himself to be a self-contained “economy” is a useful framework around which to organise his time, money, and which activities he will engage in. Using the basics we learned in Part One, Steve must now work out what his supplies are (what he has), what demands he has (his needs), and how he will organise his time in maintaining a good balance between his supplies and demands. Clothing, money, cleaning supplies, toilet paper, laundry soap, food, paying tuition, budgetting, and other such things will be the level of economic activity going on in his apartment. 

Just like Dan’s Burgers, now Steve’s life has inputs and outputs, and if Steve considered his lifestyle is wise economic terms, he will be able to cultivate an excellent economic base for his life… and will then be able to do things like successfully save and invest money, even if it is a small amount. 

(Note: at this point many people in the discussion of economics begin to get nervous, as investing can often seem like an excessively complex world where you have to be rich, super smart, or be extremely good at math just to begin. That is what I thought. I was, and always will be, terrible at math. I was super-intimidated by all the language around the stock market, and the graphs and such. It looked so science-y and scary. Not exactly my field of comfort, like art or music. But investing and the stock markert are so fascinating, and so much fun to think about! That is why the greatest investor of all time Warren Buffett is not interested in the billions or dollars he is worth. Rather, he loves the act of investing and thinking about the stock market so much that if he lost all his money he would happily start all over again with the same amount of passion for making economic choices). 

So if you think the world of investing is not for you…well that is so not true that — when you read Part Three of this series — I think you will expereince three things:

  • shock at how easy even the most complex transactions are to generally understand.
  • the confidence to begin successful investing with almost no money, or need for more than an average IQ.
  • an increased passion for learning about economics as a fun little hobby, if not a much greater part of your life. 

See you soon!

Economics For Total Beginners: Part One

The Amazing Story of Yayoi Kusayama

THE GREEN HORNET: 1940s Serial Quiz

A Brief Introduction To Japanese Culture (Part 4)

In this fourth posting about Japanese culture we will do a very brief overview of the amazing literature produced by Japanese writers over the years.

A Brief Introduction To Japanese Culture (Part 3)