Creativity vs. Quants: To be original, you need messiness and magic, serendipity and insanity

Creativity vs. Quants
MARCH 21, 2014
Timothy Egan
Here’s how John Lennon wrote “Nowhere Man,” as he recalled it in an interview that ran just before he was murdered in 1980: After working five hours trying to craft a song, he had nothing to show for it. “Then, ‘Nowhere Man’ came, words and music, the whole damn thing as I lay down.”Here’s how Steve Jobs came up with the groundbreaking font selection when Apple designed the Mac: He had taken a class in the lost art of calligraphy and found it “beautiful, historical, artistically subtle in a way that science can’t capture.” Ten years later, it paid off when Apple ushered in a typeface renaissance.
And here’s how Oscar Wilde defined his profession: “A writer is someone who has taught his mind to misbehave.”
We’ve bottled lust. We’ve refined political analysis so that nearly every election can be accurately forecast. And we’ve compressed the sum of education for an average American 17-year-old into the bloodless numbers of standardized test scores. What still eludes the captors of knowledge is creativity, even though colleges are trying to teach it, corporations are trying to own it, and Apple has a “creativity app.”
But perhaps because creativity remains so unquantifiable, it’s still getting shortchanged by educators, new journalistic ventures, Hollywood and the company that aspires to be the earth’s largest retailer, Amazon.com.
An original work, an aha! product or a fresh insight is rarely the result of precise calculation at one end producing genius at the other. You need messiness and magic, serendipity and insanity. Creativity comes from time off, and time out. There is no recipe for “Nowhere Man,” other than showing up, and then, maybe lying down.
The push for Common Core standards in the schools came from colleges and employers who complained that high schools were turning out too many graduates unprepared for the modern world. That legitimate criticism prompted a massive overhaul affecting every part of the country. Now, the pushback, in part, is coming from people who feel that music, art and other unmeasured values got left behind — that the Common Core stifles creativity. Educators teach for the test, but not for the messy brains of the kids in the back rows.
In relaunching his data-driven FiveThirtyEight website this week, Nate Silver took a swipe at old-school commentators. He recalled the famously off prediction of Peggy Noonan, who criticized people “too busy looking at data on paper” to pick up on the “vibrations” of a Mitt Romney victory in 2012. “It’s time for us to start making the news nerdier,” Silver wrote in his manifesto.
Data journalism has certainly done much to clean up the guesswork in a profession still struggling to find its way in the digital age. On election eve, it’s far better to look at the aggregate of all scientific polls than to listen to a pundit’s hunch. But numbers, as Silver himself acknowledged, are not everything in the information game. Satire, journalism’s underappreciated sibling, belongs to the creative realm. And there are no quants on the planet who could write Jonathan Swift’s “Modest Proposal,” or a decent episode of “The Daily Show.”
Nor could they produce an original film. Sure, they’ve tried. Most of Hollywood’s big budget, so-called tent-pole openings are the net result of exhaustive crunching of the elements of a hit. A robot can write a screenplay — about robots fighting one another! — that is just as effective at the box office as the fart-joke formula of an Adam Sandler movie. Before a major release, audiences are tested and polled, and producers fix and calibrate.
In the end, it’s just product, matching audience preferences. So it was encouraging to see a big-name Hollywood director, Darren Aronofsky, the filmmaker behind the upcoming epic “Noah,” show some defiance against the numbers men. “Ten men in a room trying to come up with their favorite ice cream are going to agree on vanilla,” he said in The New Yorker. “I’m the rocky road guy.”
Book publishers, cowering in the shadow of Amazon.com, deserved their kick to the head when the online company forced them to drag their archaic business practices into the 21st century. But they can take heart that Amazon, trying to crowd source and metrically mold its way into producing its own “content,” has stumbled. Amazon works by gathering data on millions of readers and then giving the same thing back to them. The oldest tale of publishing, or filmmaking for that matter, is the orphaned, oddball story that became a smash. Everyone rejected it because, well, it wasn’t like anything else.
At Amazon, the quants rule. Daydreaming, pie-in-the-sky time and giving people room to fail — the vital ingredients of creativity — are costly, the first things to go at a data-driven company. As a business model, Amazon is a huge success. As a regular generator of culture-altering material, it’s a bit player. Why? It has marginalized messiness.

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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