Warsaw School of Economics - reunion

When thinking up address of the blog over seventeen years ago, I deliberately chose to name it and nickname myself "student SGH". Back at that time being half-way into university education at the most prestigious academy of economics in Poland at that time was a part of my identity. 

Despite the above, I did not want that chapter to last long. I pressed ahead to graduate possible quickly and swap university halls for corporate open spaces. I have never had nature of a scholar (though in early days of the blog I wrote much about economics and the likes) and 15 years into the corporate world I consider myself a practitioner, having little fondness nor sentiment for university education, especially since nearly two decades ago universities used to be a backwater.

Over 15 years since the end of my formal education (counting out the CFA programme) a few reunions were held, but until last Saturday, I did not attend any, including the celebration of 120 years of my high school (liceum) in October 2025. This time my SGH schoolmate, Ola, prompted me to sign up and take part in SGH graduates' reunion.

While turning up at the scene, I learnt 450 attendees had been registered, with a minor fraction of them not showing up. This meant on average 10 graduates from each year were present, accounting for far less than 1% of all alumni. The news of the reunion had not been widespread, the early-summer timing not most suitable and the cost, especially in terms of value for money could have been prohibitive.

The official opening lasted two hours, was relatively enjoyable, yet not memorable. It was followed by a lunch and unofficial networking time with attendees roaming around the campus or sitting in circles to chat with one another. Since a long time I had not talked to so many strangers over one day. Oddly enough, many casual conversations were more than small talks, but none of them has not been converted into any connection going beyond the reunion timeframe.

As of today I cannot assert if I would take part in such reunion again, but since the next is due in 10 years, I can be holding back on this decision.

Weather note: the most intense heatwave in history is haunting Poland and many other CEE countries this weekend. I am in course of compiling a heatwave summary for posterity, due to be published here next Sunday. Take care of yourselves and don't shrug off the peril!

The golden age - book review

Most books coming into by hands are recommended by someone else, but the reviewed one indeed has been chosen by someone else, but not precisely for me. The essay on the macroeconomic success of Poland after 1989 was an award in a contest for managers run by my employer and with a bit of luck I won it. Regardless of uncanny method I have come by it, I am glad it has landed on my bookshelf.

Oddly enough, the book, whose author, Mr Piątkowski, is a scholar at Oxford University, has been originally written in English. I have learnt it around the middle of my reading, having come across several excerpts having all features of clumsy translations of English sentences. I regret not having the chance to get familiar with the original version, yet at the end of the day, the cognitive experience would have been the same. Of note is that the first edition of the book was published in 2018. Since then there were some minor supplements and the last chapter was added, yet in the contemporary fast-evolving world, passing time has rendered some arguments outdated.

Regardless of what some populist politicians might tell you, Poland has made an impressive stride after 1989, absolutely unprecedented in its history; a progress all citizens have benefited from (though not to the same extent) we, a collective accomplishment Poles can be proud of.

In the first chapters of the book, the author explores drivers of economic growth, paying particular attention to purely qualitative ones, such as institutions, culture and mindsets of people. His musings bring back Micheal's question, whether collapse of communism should be put down to the system or to the people. Before Mr Piątkowski moves on to examine reasons why Poland used to fall behind western Europe for centuries, he reminds GDP is not a perfect indicator of people's welfare and happiness. Here, again, my thought are diverted to Michael's blog and his de-growth manifesto.

Over the course of its history, Poland could not boast of testimony of growth-conducive circumstances. Between 16th and 18^th century, when western European nations accumulated wealth, Poland was effectively under the rule of oligarchic caste of noblemen, who pursued their own interests, consumed fruits of peasants' work in countryside, fostering their backwardness, when in the West, middle class of merchants and upper-middle class of industry developers was nascent. The country, devoid of actual power exercised by a king and lacking money from tax collection, was gradually plunging into anarchy, which eventually led to partitions which wiped Poland off the map if Europe for 123 years.

Once Poland regained independence in 1918, it restored its pre-partition social structure with tiny elite minding its own business and keeping with country backward. The society was still predominantly agrarian, with poor access to education and health service. With such elites, the country had little chance to move forward.

The advent of communism, no matter how evil it was, turned the social structure upside down and flattened it. The bygone elites (those who survived WW2) were stripped off their wealth, while the descendants of the numerous lower class were given a chance for social advancement. Communist Poland has not only cracked down on illiteracy, but also gave a chance to children of peasants and blue-collar workers to get university education. As the author points out then, inclusiveness and low inequality of the Polish society were crucial for putting the country on fast-growth track after 1989.

The post-1989 advance was tough, painful and a deep recession was the price to pay for fast catching up with the West in subsequent years. The author points out a mix of factors, categorised both into "the system" and "the people" underpinned the period of unprecedented growth which with hindsight might beyond all doubt be called the golden age of Poland. The progress continued for many years despite the headwinds from the world economy and regardless of political groupings behind the wheel. Personal bias aside, leftist post-communists, centrist PO and right-populist PiS have all helped my country move ahead.

The best years are behind us. The distance to the richer west is narrower, cheap workforce is no longer our ace up the sleeve. Poland lacks cutting-edge innovativeness which could work to its advantage. Besides, demographics, especially fertility drastically lower than expected a few years ago, will become a massive burden hampering further development. Looking at the far end of the political arena at parties opposing Poland's belonging to the (imperfect, yet best available) civilised West and tilting at the empire of evil, one cries out: don't squander it.

Going back to the very review - after a brilliant beginning, with each chapter charm wanes and towards the end, the book gets not yet dull, but too academic. Nevertheless, anyone fond of economics and history of Poland should find time to get familiar with it.

Eight dates - book review

Definitely I am not a fan of counselling, nor am I keen to give or receive advice how to live. Nevertheless, my choice of books I read is mostly based on recommendations (most often given by friends, less frequently run across when reading), so when a friend, who is a post-graduate psychology student, suggested I borrow the aforementioned script from a local library, I followed her endorsement.

The book, written by a relationship guru John M. Gottman (most famous for this theory of four horsemen of relationship doom: criticism, contempt, defensiveness and stonewalling) and his wife, emphasises the role of open, honest and straightforward communication in a romantic relationship. As the authors point out, areas crucial for relationship out to be talked over, in order to enhance mutual understanding in a relationship. Judging by stories of divorces and break-ups, many could have been evaded, had people spoken up properly early. The journey through getting more familiar with each other runs through eight conversation topics for eight separate dates. I split them into chapters, in line with how the manuscript is structured.

Chapter 1: trust and commitment. Those are the notions individuals may construe and exhibit differently. The authors forget to add no relationship can survive in long run without trust and without putting a partner’s trust to the test (imagine your partners leaving for a weekend in a woods only with their friend of the opposite sex, assuming you are in a heterosexual couple). Commitment in turn may be shown in several ways and may vary in intensity. A blossoming relationship should match expectations of partners and most natural ways of expressing commitment, with reliability being sometimes a forgotten (also in the book) part of it.

Chapter 2: addressing conflict. Where two people meet, differences leading to clashes will inevitably turn up. Reasons for divergence might be twofold: either situational, i.e. stemming from a person’s behaviour, or fundamental, i.e. arising from different hierarchy of values or lifestyle. The former are easily curable and not difficult to deal with, unless at least one partner is stubborn. The latter are to be (or not) learnt to be lived with. Statistics from long-term research sample of relationships Gottmans examined over years revealed 69% of long-lasting couples had to cope with fundamental differences and got ahead despite hardships.

Chapter 3: sex and intimacy. In a monogamic relationship this is a sphere reserved for a partner only, so any deficiencies as a matter of principle should not be made up for with other people. On top, since generations this has been a taboo topic hence an open conversation on one’s desires, limitations, fear and inhibitions might be difficult.

Chapter 4: work and money. Here I must say authors have done a reasonably good job of describing two drivers of attitude towards money. Highly generalising, some people treat money primarily as a source of security (in case of unemployment, illness, to ensure income for retirement), others as a source of pleasure (the joy of consumption). A conversation about money should be hence grounded in what money means for a person and what habits one has learnt at home. Money-related issues are one of the most common conflict areas in relationships, hence talking about it is a must. Aside from what the authors come up with, I would add managing finances is about balancing long-term goals (retirement, education for children, property purchases) and short-term consumption. Overweighting any of two ways of allocating pecuniary surpluses might end up badly, but a couple should together how much of current consumption they wish to sacrifice to pursue long-term goals. Earning money refers also to striking a balance between working more to increase wealth and spending time with nearest and dearest. The proportions might and will differ at specific stages of life, but the decision where to set the scales ought to be taken together.

Chapter 5: family. The writers claim many differences may be overcome, but vision of family is a fundamental one and a disagreement in this respect is so critical that it may lead to a relationship break-up and no cure for it ought to be sought. The word “family” refers to the one raised by a couple, which involves several questions, not just if to have offspring or not. Couples should ask themselves how many children they want to raise, when, how to share childcare duties and how to bring them up. Children, in order to grow up happily need both loving parents, the relationship between them should not be neglected at the expense of time spent looking after offspring. One day they will fly the nest and the bond between partners should be strong enough to allow for rebirth of their relationship at that stage. The same word also pertains to families in which partners were raised, frequence and intensity or relationships with relatives as they are also one of more frequent motives for quarrels.

Chapter 6: fun and adventure. This part is about not letting a mature relationship rest on laurels and reigniting it by trying out new activities and taking breaks from a daily grind. The authors emphasise definitions of adventure may vary between partners, yet in this area there is room for parting company and having fun separately (after all, it is about trust).

Chapter 7: growth and spirituality. The title is enigmatic and might be misleading, but it is all about values cherished, religion and vision of what you pursue in life. A common topic in Poland these days is a gap between females who have moved ahead and men who are lagging behind, being the core reason for lower number of relationships and subsequent demographic collapse. I presume this could suit the definition of “growth” as set forth by Gottmans. In this area there is room for divergence, yet if one partner carries on and the other does not catch up, in practice is a common cause of break-ups, especially those initiated by women.

Chapter 8: dreams. The last chapter is forward-looking and is a logical consequence of the previous one. Chasing dreams can make the daily grind more bearable. One should know what dreams and aspirations of one’s partner’s are and see them through in pursuing them. Here what the authors posit might require a lot of tolerance, patience and understanding, if a partner’s dreams are grossly opposing from ours. But what if pursuit of a dream might undermine a relationship or put it to the test? The book leaves this open question unanswered.

One notion props up several times in the book. There is, agreeably, just one mark partners in a boding-well relationships have in common, namely they are positive about their life companions. The more pros than cons they see in their partner, the more likely their relationship is to flourish and remain crisis-resistant. When making long-term choices who to spend life with, we must not forget about it.

Karkonosze

The two-week period off work is drawing to a close, time is up to share some snaps from a yet another foray to Dolny Śląsk and to Czech Republic. It has been a long-awaited trip, taken after 11 months without holidays (chasing the promotion, getting things done in my previous position, then shaking down in the new role), a time which has borne brunt on me and left me in deep fatigue.

Although places where I stayed were familiar with me, I aimed to conquer some new venues located higher above sea level. The first surprise on my was the paved over trail from Szklarska Poręba towards Szrenica. Cobblestone was laid here in 2025 in pursuit of making it accessible to the disabled and childminders with prams. I am in two minds about the development. On one hand more visitors might take it, on the other, it has lost part of its character.

Flat or nearly flat are most trails on top of Karkonosze. Here a shot from a brisk trekking between Szrenica and Śnieżne Kotły, some 1,400 metres above sea level. Note dwarf flora typical for such altitudes. High above temperature was 10 Celsius degrees below +25C recorded at that time in valleys.

Śnieżne Kotły is a rocky basin famous for snow lingering in northern crevices even until July. This year, despite snowy winter, the range of snow strips is far smaller than average which means what was there on 25 May might have melted by now.

When snows melt, Nordic skiing routes close to Jakuszyce become perfect cycling trails. Here, one of the landmarks one can pass – a rundown stone processing plant between Szklarska Poręba and Jakuszyce. Those are just ruins, but without them the area would lose part of its charm.

Cesky Raj (literally the Bohemian Paradise) is nature reservoir full of rock formations, located some 60 kilometres from the Polish border. Breathtaking, worth visiting over a longer weekend, since the formations are scattered around several spots in the area and some have historic castles on top of them.

Harrachov, a village known for ski-jumping competitions and being a skiing resort, in the summer is not a major attraction. Trails in forests east of it are enjoyable, yet boring. Note the central spot of Harrachov was anything, but chock full of people (on a working day in late May).

I (proudly) shy away from having an account on Instagram, but can tell you the building close to the Pravcicka Brana is an exemplary “instaspot”. You march uphill a few kilometres to snap this picturesque edifice, look around and tick it off as “popped by”. Some visitors (including me) also take hats down to builders who erected this building in a place with virtually no access from a regular road.

The very Brana (in English, a gate) is an amazing natural rock formation, here clumsily snapped by me, as I had set sharpness on a mountain in the distance which resembles a dormant volcano. Pay attention to trees growing on top of rocks, proving might of the nature.

Zamek (castle) Chojnik is a venue to which the ascent was the shortest, with elevation gain of mere 300 metres. Strong wind has precluded me from scrambling up the castle’s tower, but from a terrace beneath it, one can contemplate the panorama of Jelenia Góra: Sobieszów in the foreground, Cieplice Śląskie Zdrój further behind, the city centre in the distance.

For a dessert, another proper climb, to Śnieżka (literally: the snow hill), the highest peak of Karkonosze, 1,602 (some sources quote 1,603 or 1,605) metres above sea level. Started out from Karpacz, on altitude of 700 metres above sea level and amble with green and then blue trail, to pass by all scenic mountain huts on the way towards Śnieżka. Samotnia (literally: hermitage) is the most legendary one, located in a basin, photographed (by me again, clumsily) from above, with a pond next to it.

Strzecha Akademicka (literally: scholars’ thatch) further up the trail looks the least splendid of the huts en route to Śnieżka, maybe for that reason I did not witness crowds hanging around outside it.

Dom Śląski in turn looks much better on photographs. As one approaches it, the yellow facade strikes with sleaziness. The past-German spirit of the place of spoilt by solar panels (OZE-srOZE) on the roof. To the left – a proper 4WD pickup in a place, where its presence and use is justified. Toilet payable, PLN 4 (or CZK 30) with cash only.

The last snap is one of several views from the top of Śnieżka. The summit is free of clouds or precipitation only for some 60 days in a year and in mid-May there was some fresh snow there. I consider myself lucky, as the weather was fine enough not to put on a jacket kept in a rucksack just in case.

Off to Wrocław in business tomorrow. The upcoming three weeks will be bring travels to places located between 350 and 600 kilometres from Warsaw, hence I am likely to be sick of moving about for a while.