What is the cheapest grocery store to shop at, anyway?

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There are five major grocery stores within walking distance from my house: Safeway, King Soopers (Denver’s Kroger), Natural Grocers, Sprouts, and Walmart. I’m always torn at which one would be the best to shop at. Shopping for food, not shopping for wives.

Sprouts is unquestionably my favorite; the staff is the most friendly, and the shelves are neatly stocked with a plethora of interesting products, and the women are the prettiest. But is it the cheapest? Do these auxiliary amenities fool me into thinking I’m getting a better deal than I am? In other words, am I paying for the experience of shopping there and paying a Whole Foods-like premium for the privilege?

The way I went about answering this question was to compare the prices of ten items I regularly buy across these five stores.The items compared were a pound of grassfed ground beef, a dozen free-range omega-3 enriched eggs, Talenti ice cream, avocados, Tazo tea, coffee, raw almonds and cashews, spinach, and couscous.

Price Per Store

Best prices in each category are in bold; Walmart didn’t carry a few things.

There are a few intangibles that don’t show up in this data. For instance, King Soopers has the best price for tea but the worst selection. Walmart is quick to run out of a lot of things. Sprouts doesn’t have the best price on avocados, but they offer the largest and healthiest cheaply, essentially offering large ones for the price other stores offer small ones.

My brain is screaming for reasons to defend Sprouts, but the numbers don’t lie: Walmart is the best place to shop for proteins, and Natural Grocers is the best place to go for nuts, while King Soopers has the cheapest prices on average. Apparently, my beloved Sprouts is only a bargain if I need ice cream.

Walking Around The Neighborhood Pt. 2

Today I played with architectural photography. How to work with the natural lighting to best-frame a building? Featured are the Lakeside Amusement Park, my sister-in-law’s already dilapidated old house, the local library, the bar across the street, and the main hall of Regis University.

“Flash Boys” by Michael Lewis

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A new trader could leap into a market and trade frantically inside it without adding anything of value to it. Imagine, for instance, that someone passed a rule, in the U.S. stock market as it is currently configured, that required every stock market trade to be front-run by a firm called Scalpers inc. Under this rule, each time you went to buy 1,000 shares of Microsoft, Scalpers Inc. would be informed, whereupon it would set off to but 1,000 shares of Microsoft offered in the market and, without taking the risk of owning the stock for even an instant, sell it to you at a higher price. Scalpers Inc. is prohibited from taking the slightest market risk; when it buys, it has the seller firmly in hand; when it sells, it has the buyer in hand; and at the end of every trading day, it will have no position at all in the stock market. Scalpers Inc trades for the sole purpose of interfering with trading that would have happened without it. In buying from every seller and selling to every buyer, it winds up: a) doubling the trades in the marketplace and b) being exactly 50 percent of that booming volume. It adds nothing to the market but at the same time might be mistaken for the central player in that market.

This state of affairs, as it happens, resembles the United States stock market after the passage of Reg NMS. From 2006 to 2008, high-frequency traders’ share of total U.S. stock market trading doubled, from 26 percent to 52 percent—and it has never fallen below 50 percent since then. The total number of trades made in the stock market also spiked dramatically, from roughly 10 million per day in 2006 to just over 20 million per day in 2009.

 

Michael Lewis has written about Wall Street before. His books Liar’s Poker and The Big Short describe 80s excess and the 2008 financial crisis, so this book can be thought of as the third part in that saga: what happens when high finance meets high technology and well-intention but flawed government regulation? The answer is high-frequency trading, which is described in the analogy above.

Flash Boys is the story of a group of finance and technology people who come together to make an honest stock exchange, one impervious to high-tech middle men taking advantage of the millisecond lag-time in traders’ internet connection. In other words, “a tool whose only purpose was to protect investors from the rest of Wall Street.”

Start here: Michael Lewis: Did Goldman Sachs Overstep in Criminally Charging Its Ex-Programmer?

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“The News: A User’s Manual” by Alain de Botton

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Alain de Botton is uniquely about to write about the peculiarities of the modern age with the utmost compassion. His writing has a deep sympathy (not without humor) for what it means to be a human being. He’s written books about travel, status anxiety, religion, and the ways in which architecture and our jobs affect our well-being. Here he turns his attention to the daily news.

Here, he examines the political, world news, economic, celebrity gossip, disaster, and advertising pages. He dissects their intentions and subsequent effects on our psyches, and has some suggestions to make each section more useful and enlightening to the reader. A better news service will help us all keep our anxieties in check, as well as provide us with consolation for our failures. 

After all, each of us want to live a fulfilling life while being a well-informed citizen.

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“The End of Average” by Todd Rose

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It is not that the average is never useful. Averages have their place. If you’re comparing two different groups of people, like comparing the performance of Chilean pilots with French pilots—as opposed to comparing two individuals from each of those groups—then the average can be useful. But the moment you need a pilot, or a plumber, or a doctor, the moment you need to teach this child or decide whether to hire that employee—the moment you need to make a decision about any individual—the average is useless. Worse than useless, in fact, because it creates the illusion of knowledge, when in fact the average disguises what is most important about an individual.

 

The takeaway from this book? That ‘average’ is a meaningless concept when applied to the individual person or situation. ‘Average’ might be calculable but it doesn’t exist in nature—it’s a comfortable but unrealistic concept. Regardless, most of our scientific understanding has been based around it because in many cases it’s the best we have.

The tragedy is when we fail to measure up to what is considered average. And it’s unavoidable, because NOBODY is exceptional in every regard. To think otherwise is to succumb to outdated thinking. This book calls for a more empathetic and accommodating education system, as well as pointing out ways to be humanized by your unique profile of strengths and weakness instead of dehumanized by feeling obligated to measure up to an imaginary standard. That all sounds goody goody and touchy-feely, but on the contrary, I find this book to be a useful contribution to thinking about the world.

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“The Shallows” by Nicholas Carr

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Try reading a book while doing a crossword puzzle; that’s the intellectual environment of the Internet.

The central text in The Shallows is Marshall McLuhan’s 1964 book Understanding Media: The Extensions of Man, which is about how media shapes the thoughts of its consumer. His dictum “The media is the message,” is a catchy way of saying that the type of media dictates the content so thoroughly that the two are inseparable. For example, read a book and watch a documentary about the same subject. In probably every instance, the book will contain more nuance and the arguments will be more balanced. The message is shaped by the constraints of the medium you’re experiencing them.

Nicholas Carr is worried that ubiquitous connection to the internet is shaping the way we think in harmful ways that we don’t immediately realize. The most convincing example to me was the studies he cites that show how intimately connected our spatial awareness is connected to our general memory, meaning that the more GPS we use to navigate the less we exercise our spatial abilities and thus our general memory atrophies. Also, relying on Google to find facts we can’t instantly remember instead of sifting through our memory banks makes us lazier thinkers in general. It’s too early to see how this new technology plays out—we are all guinea pigs here—but a thoughtful meditation on what this new way of thinking leaves behind is important even if there is no going back.

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The Compassionate Wisdom of Eric Hoffer

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Here are some words that struck me, from Eric Hoffer’s collection of short essays In Our Time:

“In the alchemy of man’s soul almost all noble attributes—courage, honor, love, hope, faith, duty, loyalty—can be transmuted into ruthlessness. Compassion also stands apart from the continuous traffic between good and evil within us. Compassion is the antitoxin of the soul: Where there is compassion even the most poisonous impulses remain relatively harmless.

Eric Hoffer (July 25, 1898 – May 21, 1983) is a tragically overlooked 20th century intellectual. He worked as a longshoreman and was self-educated by reading library books in his spare time. Later in life he became a writer. His prose is simple and direct, free of any academic pretension. Although Hoffer was given the Presidential Medal of Freedom in the last year of his life,  only one of his books, The True Believer, is still in print by a major publisher. President Eisenhower recommended this book to a desperate World War II veteran during his correspondence as president, writing:

“’Faith in a holy cause,’” Hoffer wrote, ‘is to a considerable extent a substitute for the lost faith in ourselves.’”

In this letter, Eisenhower explained to the veteran that Hoffer “points out that dictatorial systems make one contribution to their people which leads them to tend to support such systems—freedom from the necessity of informing themselves and making up their own minds concerning these tremendous complex and difficult questions.” The authoritarian follower, Eisenhower suggested, desired nothing more than insulation from the pressures of a free society.

I see Eric Hoffer as a wizened old man, fluent in the nooks and crannies of human history, from Medieval times to post-World War II America. A keen observer and participant in human nature. Through books he’d lived thousands of years and been witness to as many lives. His published writing is from the last 30 years of his life, looking back in the postwar era and all that came before it and wondering how mankind got to now.

Hoffer was as much a social historian as he was a philosopher, and had much to say on how people lived and thought. Some of his ideas are out of date, and others fall flat, but he writes with a unique sense of curiosity and wonderment.

He’s a bemused but cautious optimist. His philosophy on life was so simple that he believed it made compassion a reflexive instinct:

“It could well be that the adoption of a certain view of life would be fruitful of benevolence and compassion. We feel close to each other when we see ourselves as strangers and outsiders on this planet or see the planet as an island of life in a dark immensity of nothingness. We also draw together when we are aware that night must close in on all living things; that we are condemned to death at birth, and that life is a bus ride to the place of execution. All our squabbling and vying are about seats in the bus, and the ride is over before we know it.