The output from my metabolic test last week was a spreadsheet of raw data from the metabolic cart, which is food for further analysis. What do the numbers mean, how can I use them to inform my training etc. etc. Here’s a first pass at what I’ve managed to figure out so far.

Ventilatory Thresholds

There are two ventilatory thresholds, VT1 and VT2, which signify fundamental shifts in what’s happening your body as you exercise. VT1 is the point at which lactate levels in the blood begin to increase beyond resting levels and is usually marked by an increase in your breathing rate. Above VT1 lactate levels will increase as your effort increases, but will stabilise if you settle on a consistent effort. Your body can recycle lactate as fast as you produce it. VT2 is the point at which your body cannot recycle lactate fast enough and even if you are doing a consistent effort above VT2 lactate will keep increasing until you can’t exercise any more.

There doesn’t seem to be a simple formula you apply. Rather you graph breaths per minute and eyeball the points at which the slope of the graph appears to change, so it’s inherently subjective. In the above graph, VT1 appears to be around 138bpm for me, and VT2 is around 172bpm. VT1 seems about right based on experience, though VT2 feels a little too high.

What’s the relevance of VT1 and VT2 for training? Well in a Polarized Training model, which I’ll discuss in the future, the aim would be to do the vast majority of your training below VT1, with a small amount above VT2.

Fat Usage

My current weight is just under 92kg and I know from previous DEXA scans that my lean body mass, i.e: my weight if I were 0% body fat, is about 72kg. That’s a lot of lard to be carrying around, so what’s the ideal way to get rid of it? Well there’s only one way to get rid of it and that’s to get the fat released from your fat cells and burn it off.

Looking at my fuel substrate usage graph, taken from my earlier post, I can see that I burn approx. 0.75g of fat per minute consistently, from 100W all the way through to about 225W, or, in HR terms (going back to the spreadsheet), right up to about 155bpm.

You often hear that there’s no such thing as a fat burning zone and that you should just focus on working as hard as possible to burn more calories. However, as you can see from the graph above, that’s bollocks. There’s definite point at which I start burning less and less fat. It turns out too that my graph is indicative of pretty decent fat burning ability. Many people will never burn .75g/min at any level and may see significant drop off of their fat burning well before they get to 150bpm. Make a person like that train at high intensity and they’ll burn mainly carbs and the fat sitting around their gut won’t be burnt at all.

Even with a decent fat burning ability, at 170bpm I’m burning a total of about 1150kcal per hour, but I’d struggle to last a full hour at that rate, so I’d burn a max. of 46g of fat. However, at, say, 125bpm, while I’m only burning 690kcal/hr I burn a bit more fat at the lower intensity so I get rid of 53g of fat per hour. Significantly, at that effort I can ride for 5hrs or more if I felt like it, so in theory could burn off 250g+ of flab. Even if I only wanted to ride for one hour, I’d still burn 53g of fat at the easy pace versus 46g if I flogged myself.

Back to my weight. Weighing in at a hypothetical 82kg would leave me at a pretty athletic 12% body fat, so let’s do the maths. That’s 10kg of fat to shed, at a rate of 53g per hour, for a total of 188hrs of bike riding! At a max. of about 10hrs/week that’s four months of consistent riding. On the one hand it seems like a long time on the bike, but on the other, four months of work to reverse years of weight gain doesn’t seem too bad.

Foreign Affairs has a good article on The Self-Destruction of American Power, looking at where it all went wrong, from the World’s sole superpower after the fall of the USSR to the modern day retreat from any sort of international cooperation.

The Trump administration has hollowed out U.S. foreign policy even further. Trump’s instincts are Jacksonian, in that he is largely uninterested in the world except insofar as he believes that most countries are screwing the United States. He is a nationalist, a protectionist, and a populist, determined to put “America first.” But truthfully, more than anything else, he has abandoned the field. Under Trump, the United States has withdrawn from the Trans-Pacific Partnership and from engaging with Asia more generally. It is uncoupling itself from its 70-year partnership with Europe. It has dealt with Latin America through the prism of either keeping immigrants out or winning votes in Florida. It has even managed to alienate Canadians (no mean feat). And it has subcontracted Middle East policy to Israel and Saudi Arabia. With a few impulsive exceptions—such as the narcissistic desire to win a Nobel Prize by trying to make peace with North Korea—what is most notable about Trump’s foreign policy is its absence.

Following on from my previous post about the age of loose money comes this article from Capitalist Exploits with some of the same concerns, namely that we’re partying like it’s 1999 again.

There are only two ways VC can get liquid: a buyout or an IPO.

And given that so many of the famous “unicorns” are valued at multiples that make my eyes shoot blood, there are now an ever decreasing number of companies that make suitable suitors.

So we’re down to flogging this stinking pile to the folks who always get roasted, especially at the tail end of a boom: retail investors… which is why we’re seeing tech unicorns IPO-ing.

This is a good strategy for VC, so long as those retail investors buy what is being sold.

The trouble now is that there are early signs that the appetite for these “growth” stocks is collapsing like a teenager after a bottle of Absolut on spring break.

Interesting article at The Reformed Broker looking at the current state of finance markets where money is essentially free and a company’s style is more important than its substance - image is valued more than assets.

There are no asset managers who represent their strategy to clients as “We buy the most expensive assets, and add to them as they rise in price and valuation.” That’s unfortunate, because this is the only strategy that could have possibly enabled an asset manager to outperform in the modern era. It’s one of those things you could never advertise, but had you done it, you’d have beaten everyone over the ten-year period since the market’s generational low.

But almost every investment professional says that they do the opposite of this. Even the explicitly growth-oriented managers use terms like “at a reasonable price,” to communicate their place on the spectrum of speculative chastity. There are no textbooks lauding an investment approach where it makes more sense to buy PayPal at 4 times book on its way to 9 times book while forsaking Goldman Sachs at less than 1 times book.

Some of this is no doubt down to network effects - AirBNB’s product can be rolled out in a new market for a negligible cost compared to a major hotel chain moving in to a new territory - but you still wonder if this is some sort of repeat of the Dot Com boom where most tech companies were massively overvalued based on hype.

I’ve had a similar discussion with a friend of mine regarding buying property. We both took the rational approach of not buying for a long time as the market was severely overpriced, and, in my case, when I did buy I bought something I could afford to repay even if rates went up a few percent. In this age of free money, that was completely the wrong strategy. The correct one was to borrow as much money as the bank would give me, get an interest only mortgage to lower repayments and just get rich off the capital appreciation without repaying any of the principal. Is this a temporary aberration, or the new normal?

I went and had a Metabolic Test yesterday. A what, you ask? A metabolic test - you get on a stationary bike, they hook you up to a metabolic cart which measures the volumes of oxygen and carbon dioxide you inhale and exhale. You start cycling at a very easy rate, and every few minutes the rate increases until you’re too exhausted to cycle anymore. The data from the metabolic cart allows you to determine how much of your energy expenditure is coming from fat (FAT) and how much is coming from carbs (CHO) and how that changes as your effort increases.

Why Do This?

Well, it all started last year when I had finished a pretty consistent year of training and I looked back at my cumulative training data. I’d ridden a touch over 11,000km and burned about 270,000kcal but I hadn’t lost any weight. Sure, I have a sweet tooth and eat too much jellies etc. but overall my diet is pretty decent - bugger all processed food, cook most meals etc. etc. so I thought I’d have dropped a few kilos at least.

I’d read a little about metabolic tests over the years and decided I’d like to try one out, but the only place I could find that was offering them to the public was Jupiter Health on the Gold Coast, which isn’t convenient from Sydney. However, since we were moving to Brisbane in May 2018, I booked an appointment for late May last year. I did the test and it showed I was a really bad sugar burner, i.e: I was getting most of my energy from CHO on the bike and hardly burning any fat. This seemed to explain why I wasn’t losing weight - after all, if you’re not burning off your fat stores while exercising, when are you going to burn them off?

I haven’t done much training over the year since, but I have been reading about how to improve your fat burning. Alan Couzen, an exercise physiologist and coach has some informative articles, particularly How to turn yourself into a Fat-Burner, and while reading that I came across his articles on how you go about getting your fat burning tested, i.e: how to do a proper metabolic test, particularly Getting your ‘fat burning’ tested Part 1: Equipment and protocol.

Reading that confirmed some suspicions I had about the test I’d had done on the Gold Coast and the data I’d obtained from it. The two major concerns I had was that the basal rate data, obtained when you’re lying on a bed doing nothing for 15mins, showed me with a heart rate around 90-100bpm, which is about twice what I’d expect in that scenario. There was also a bit more fluctuation in the power data at each level and the time at each level didn’t seem to be consistent. I followed Alan’s suggestion to check with my local University’s Exercise Physiology department to see if I could do a test with them.

Luckily for me, I have Uni of Queensland (UQ) and Queensland Uni of Technology (QUT) to choose from, and, as it happened, QUT have their E3 Lab a 20min drive away, so I emailed them with my requirements and they were able to help.

The Protocol

Alan’s site provides a calculator where you can enter your estimated FTP and it pumps out your suggested starting level and how much the power output should be increased per level. It recommended that I start at 130W, but since the data from the previous test showed I was already starting to burn significant amounts of carbs at that level, I chose to start at 100W instead.

• Each level lasts 5mins.
• Start at 100W, then add 25W per level.

The guys doing the testing told me to tell them when I knew I would not be able to complete the next 5min level and we’d stop the test.

The Test

The test itself isn’t too exciting. As described, you start pedalling at an easy pace and it just keeps getting harder. The first 20 minutes are a bit boring as the work load is quite low and I was just trying to maintain a smooth pedal stroke and consistent breathing, i.e: instead of shallow breathing at low workloads, to try consistent deeper breaths throughout the test.

Wearing the mask take a bit of getting used to - at the start of the test you feel a bit weird as you’re not really breathing very often so it feels like the mask is keeping your mouth shut. Your heart rate is probably a few beats higher as a result too. As you start working harder and breathing more it becomes a non-issue.

The tightness of the straps keeping the mask on my face meant it was tricky to find a comfortable head position. Maintaining a normal riding position as if I was out on the road meant they were digging into the back of my head, so looking down at the bottom bracket seems to work best. I was getting a bit of a headache towards the end of the test too, most likely due to the straps’ tightness. However, tight straps equals tight mask seal equals accurate data!

Results

Here’s the basic fuel substrate use graph, with power output on the X-axis and kcal/min on the Y-axis.

So, when I’m exercising at 100W (v. easy) I’m getting a bit over 7kcal/min from FAT and almost nothing from CHO, and by the time I fell apart at 275W I was getting a bit under 6kcal/min from FAT but 15kcal/min from CHO.

Peak volume of oxygen consumed (not shown on graph) was 4.85L, giving me a VO2Max of 52.8ml/kg at 92kg, which just scrapes into the 95th percentile for my age, so happy enough with that. I can bump it a few points more by dropping a few kilos, plus the test protocol I used wasn’t ideal for finding a true max, so there may be room for improvement there too.

It turns out that I’m actually a good fat burner, which is the complete opposite of the earlier test. The most likely explanation for this about-face is that there was not a good seal around my nose and mouth when doing the first test, so the machine wasn’t only measuring the air I was inhaling and exhaling. That could skew the results significantly. It’s also the case that the equipment available in the Uni lab was much more professional than that in use the first time around, so accuracy was a lot better.

Normally these tests run until you start going anaerobic, at which point you are burning zero fat. However, I never got to that point, still burning a decent amount of fat at the last stage of 275W. I’ll need to read up on that, but I suspect it’s just an endurance issue - I’m just not fit enough to get to pure CHO burning given the 5min/level protocol. I’d definitely get there with shorter levels, and would probably have gotten there if I’d started at Alan’s suggested 130W.

Moral of the story: instead of going to the local physio/fitness place, take the advice in Alan’s article and see if your local Uni will run an experiment on you.

The downside is that I now have no excuse for being over 85kg, so I’ll just have to knuckle down to consistent riding and improve my diet quality as well. No shortcuts 🤣

Idle Words has a good article on [The New Wilderness](https://idlewords.com/2019/06/the_new_wilderness.htm} on the nature of privacy in the Information Age. What does it mean when your every move is tracked and recorded online, and increasingly offline as well?

Until recently, ambient privacy was a simple fact of life. Recording something for posterity required making special arrangements, and most of our shared experience of the past was filtered through the attenuating haze of human memory. Even police states like East Germany, where one in seven citizens was an informer, were not able to keep tabs on their entire population. Today computers have given us that power. Authoritarian states like China and Saudi Arabia are using this newfound capacity as a tool of social control. Here in the United States, we’re using it to show ads. But the infrastructure of total surveillance is everywhere the same, and everywhere being deployed at scale.

The author discusses the similarity with the growth of environmental regulation as mankind changed from a being part of Nature to being a threat instead and suggests that we need to start thinking of global regulations around what is and is not acceptable when it comes to mass surveillance.

We’re at the point where we need a similar shift in perspective in our privacy law. The infrastructure of mass surveillance is too complex, and the tech oligopoly too powerful, to make it meaningful to talk about individual consent. Even experts don’t have a full picture of the surveillance economy, in part because its beneficiaries are so secretive, and in part because the whole system is in flux. Telling people that they own their data, and should decide what to do with it, is just another way of disempowering them.

Our discourse around privacy needs to expand to address foundational questions about the role of automation: To what extent is living in a surveillance-saturated world compatible with pluralism and democracy? What are the consequences of raising a generation of children whose every action feeds into a corporate database? What does it mean to be manipulated from an early age by machine learning algorithms that adaptively learn to shape our behavior?

Interesting facts on the Saturn V rockets, from Wired’s Beauty and Madness of Sending a Man to the Moon…

The fires on which it rose were not the fire that leaps or licks or plays, the fire of brasier or boiler. They were the focused fire of the metalworker’s torch, given life at a scale to cut worlds apart or weld them together. The temperature in the chambers was over 3,000°C (more than 5,000°F). The pressure was over 60 atmospheres. And still the pumps, their turbines spinning 90 times a second, were powerful enough to cram more and more oxygen and fuel into the inferno. The flames slammed into the fire pits below at six times the speed of sound. For a couple of minutes, the five F-1s generated almost 60 gigawatts of power. That is equivalent to the typical output of all Britain’s electric-power plants put together.

Looking at the generation statistics from Australia’s National Energy Market, our generation capacity in 2019 is only 46GW.

Part of making lunar-orbit rendezvous work was making the spacecraft that actually went down to the moon, the LM, as light as possible. In the original specification it was to weigh just 10 tonnes (11 tons). During development, it put on weight, despite furious attempts first to arrest and then to reverse the process. But it remained pretty tiny. And thanks to the need to carry fuel, oxidizer, life support, batteries, computers and more besides, the LM was noticeably smaller on the inside than the outside. The two astronauts had 4.7m3 (about 165 cubic feet) of pressurized volume between them. That is roughly twice the volume of one of London’s red telephone boxes.

Just goes to show how much energy is required to put such a small volume on the Moon, assuming of course that you want it to come back 🙂

Interesting read from American Affairs, delving into Uber’s pre-IPO financials and making the case that it’s not the great revolution in transport it claims to be admin a way resembles a Ponzi scheme with earlier investors making massive profits from the suckers lured in later.

Uber’s investors, however, never expected that their returns would come from superior efficiency in competitive markets. Uber pursued a “growth at all costs” strategy financed by a staggering $20 billion in investor funding. This funding subsidized fares and service levels that could not be matched by incumbents who had to cover costs out of actual passenger fares. Uber’s massive subsidies were explicitly anticompetitive—and are ultimately unsustainable—but they made the company enormously popular with passengers who enjoyed not having to pay the full cost of their service.

Uber’s financials don’t tell a great story…

Uber’s GAAP profit margin was –135 percent in 2015. It appeared to improve to –51 percent in 2017 and (adjusting for the divestiture and noncash equity gains discussed above) –35 percent in 2018. Yet these subsequent “improvements” were not driven by efficiency gains, but by the ability to force driver take-home pay down to minimum wage levels. If Uber drivers still received their 2015 share of each passenger dollar, Uber’s negative margins would still be in the triple digits.

I wonder how many of today’s unicorns are where they are today due to the essentially zero cost of money since the GFC supporting otherwise insupportable business models, or at least permitting those unprofitable business models to persist for far longer than would otherwise be the case. Tesla’s another candidate. Great cars by all accounts, and Musk is a great entrepreneur, but making the transition to established, profitable car maker seems perpetually out of reach.

Clearing up a common misunderstanding of the Butterfly Effect…

The only thing we can learn from the butterfly effect is that we cannot measure complex systems accurately enough to predict their behavior over the long term with enough precision. The big mismatch is that while the variation in ‘initial conditions’ is too small to measure, the variation in the outcomes is not.

Fascinating article on hyenas, though I’m not sure being outed as the Donald Trump of the savannah is an upgrade :-)

Even lone hyenas have been known to catch impressively large prey — one bold strategy being to lock on to the animal’s testicles and hang on until the victim bleeds out.

Grab ‘em by the bollix!