Inspiring and Fun! Seems appropriate for the start of the Holiday Season.
Beware, these three short videos may encourage you to travel, learn something new, move your body, or create something.
3 guys, 44 days, 11 countries, 18 flights, 38 thousand miles, an exploding volcano, 2 cameras and almost a terabyte of footage… all to turn 3 ambitious linear concepts based on movement, learning and food.
The movie was great. But what left me in wonder was thinking about how it came to be. The scope and scale of the series is literally amazing.
Even just for this movie, the number of people listed on the credits was astounding.
Yet, think about how many people were involved in producing the movies, books, and merchandising. And that's not including the theme parks, promotion, and the eco-system that forms to support a project of this magnitude.
When did it become real ?
Was it when the first book came out?
Perhaps it was when J.K. Rowling got a contract to have the book published?
Even earlier ... how about when she finished writing the book ... or
It is arguable that it became real when she started thinking about it.
On some level, Rowling probably agrees. Here is a quote she wrote from Dumbledore, in response to Harry asking whether something was real or happening in his head.
"Of course it is happening inside your head, Harry; but why on earth should that mean that it is not real?"
The real magic of creation happens in the mind.
In a very real sense, there is "infinite possibility" ... because in every moment there are an infinite number of possibilities. To a great extent, though, our automatic habits preclude seeing them. This may seem to make it is easier to focus on the path taken; but it unconsciously limits the future.
What would have happened if, back in the early 1990s, J.K. Rowling had the idea for Harry Potter ... but thought she couldn't write a book (or even if she did, who would read it?). Her "new world" didn't exist yet, while her "old world" didn't have a path from there-to-here.
Einstein spoke to this. He said:
“You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew.”
There's magic in choosing a path that energizes you. Reality is what you bring to it, and what you hold in awareness.
Sometimes new technology seems like science fiction. Other times, science fiction introduces us to new technology.
I remember watching Minority Report and having a sense that I was watching a future closer than it seemed. There's a scene where Tom Cruise is walking through a shopping area and each time he passes a store there is a personalized ad; and in other scenes there is a "Terminator-Like" text that overlays the physically real world. That is called "Augmented Reality".
Well, your phone may not be as cool as that, yet; however it's getting there pretty quickly.
The next picture doesn't look like much; but it's using the iPhone's built-in camera and GPS unit to recognize highly rated restaurants in real time. The application doing this is Yelp. This feature is
currently hidden by default; but you can turn it on by shaking your
phone vigorously, until the "Monocle" feature activates.
Soon, I imagine this will be enhanced further with a discount coupons and the
ability to place orders before you walk in the door. Nonetheless, it's
an example of what's coming.
Where Else Will This Be Useful?
Imagine what this could do to the real-estate industry (as price per square foot, tax rates, etc. overlay the properties as you drive by). Or, imagine traders looking at a chart displaying the most relevant indicators, patterns, setups, and triggers for the company or market they are analyzing. It gives a whole new meaning to real-time business intelligence.
Many books are little more than marketing for their author or an
attempt to sell a "magic bullet" to less experienced traders. In contrast, both of Covel's books are simple enough that a novice would gain valuable information
from them; yet there's enough content and nuance that experienced traders also will
benefit from the books.
I've always loved Jack Schwager's "Market Wizard" book series. Covel's books are different than these because they deal with a narrower subject ... more deeply. Yet they are similar in terms of the value-added content they provide and how accessible they are; and that's high praise from me.
Covel has an engaging writing style. He keeps things interesting by telling stories rather than simply providing a mechanical "how-to" textbook. You get enough narrative and detail about accomplished traders to give you a sense of their personality, thought process, and some of the key ideas and distinctions that help make them successful. In addition, he backs-up his research with lots of data, charts, and links to additional information. This makes it easy for you to continue on your own.
What is In the Trend Following Book?
The "Trend Following" book:
explains the basics of trend following;
introduces you to the some of the great trend following traders;
explains the positives and negatives of the technique from a
shows how trend followers did during big
events, crashes, and panics;
and the later part of book focuses on the
human-nature side of trading, decision-making and building trading
I like how Covel segments his books logically, and in bite-size chunks. That means I can pick it up and read something without feeling compelled to start at the beginning and read all of it at once.
For example, I just opened Trend Following (to page 253) and saw "Five Questions for a Trading System". In this section he lays-out things to consider when evaluating a system. Examples include how the system determines which market (and how much exposure) to trade, as well as what constitutes entry and exit triggers? Then, in addition to explaining the basics, there are examples and quotes from other traders about the topic. And he extends the discussion to include emotional issues like how much money you intend to make, the level of time and effort you intend to invest, and the strengths and weakness you bring into the equation. Bottom-line, he goes out of his way to give you a thorough
understanding ... while getting his points across in an
easy-to-understand, informative, and interesting ways.
I found myself referring to both of these books several times in the past several months. If you're looking for something to read (or for some new ideas about trading and money management) I recommend you check out these books.