"When people look at this it looks crazy." ~ Adam Stelzner, NASA
The SCIENCE of Curiosity
"It's actually really important that you succeed at what you're succeeding at, but that isn't going to be the measure of your life."
CNBC called it one of the most anticipated business books of 2012. How Will You Measure Your Life? the latest book by management guru and Harvard professor, Clay Christensen appears to be living up to its billing. For those who do not have the time to read the book or just want to get a jump start, I prepared a Clay Christensen Primer today. Hope you find it useful...
accessible to consumers with a lot of money or a lot of skill. Characteristics of disruptive businesses, at least in their initial stages, can include: lower gross margins, smaller target markets, and simpler products and services that may not appear as attractive as existing solutions when compared against traditional performance metrics. Source: ClayChristensen.com
"No one graduates from the Harvard Business School planning to screw the world and end up in jail but a scary number of them actully do." ~ Clay Christensen
Much in the same vein as Steve Jobs’ epic address at Stanford’s 2005 commencement and Randy Pausch’s “ The Last Lecture ”, this book (which as it happens, is based on a 2010 speech Christensen gave to Harvard Business School graduates after he had survived a heart attack, advance-stage cancer, and a stroke) will inspire and cause readers to pause to answer one of life’s most pressing questions: What exactly is a well-lived life? Source: CNBC
"The reason successful companies fail is they invest in things that provide the most immediate and tangible evidence of achievement. And the reason they have such a short time horizon is that they are run by people like you and I."
FINRA Fines Merrill Lynch $2.8 Million for Overcharging Customers;
This video does an excellent job of explaining what rate of return expectations are and why they are important. It also explains how rate of return expectations are derived and how they can impact financial plans and investment portfolios.
While the concepts and process described in this interview pertain to one of the largest institutional funds in the world, they are virtually identical to the ones you and your advisor should be discussing.
In this interview, the chief investment officer and interim chief actuary for CalPERS discuss the process they use to review and adjust their pension fund's assumptions.
The Importance of Selecting the Right Benchmarks...
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Please note that mutual funds and money managers usually select their own benchmarks. That is, they select which yardsticks they think their performance should be compared to.
A cynic might say this is like the fox guarding the proverbial chicken coop so make sure you understand what's going on here. The video to the left and the white papers below address this important and often overlooked aspect of investment management.
Do NOT be surprised if your financial advisor gets stumped here. If that happens you should view this as a mutual learning experience.
Here are some resources you might find helpful...
"Language that does not lead beyond the literal can inform but it cannot move us. Metaphor baffles the left brain and allows us to reach beyond the literal; beyond the limits of logical language. Metaphor gives us a glimpse of something worth caring about." ~ Janisse Ray
I had the good fortune of "meeting" Janisse Ray today thanks to Georgia Organics' Facebook page. This remarkable woman, who hails from south Georgia, speaks and writes far more eloquently than me so it is best that I let the videos on this page do the talking. Let me just say that Janisse Ray made me think today ─ about the power of metaphors and stories ─ about the importance of planting seeds.
ABOUT JANISSE RAY
Writer, naturalist and activist Janisse Ray is author of four books of literary nonfiction and a collection of nature poetry. She is on the faculty of Chatham University’s low-residency MFA program and is a Woodrow Wilson Visiting Fellow. She holds an MFA from the University of Montana, and in 2007 was awarded an honorary doctorate from Unity College in Maine.
Ecology of a Cracker Childhood, a memoir about growing up on a junkyard in the ruined longleaf pine ecosystem of the Southeast, was published by Milkweed Editions in 1999. Besides being a plea to protect and restore the glorious pine flatwoods of the South, the book looks hard at family, mental illness, poverty, and fundamentalist religion. Essayist Wendell Berry called the book “well done and deeply moving.” Anne Raver of The New York Times said of Janisse Ray, “The forests of the South find their Rachel Carson.”
Part I - The Power of Metaphor by Janisse Ray
Part II - The Power of Story by Janisse Ray
Say what? That was my initial reaction when I first saw the word neuroplasticity. Thankfully, it was brought to my ATTENTION (hold that thought) by Allyson Lewis, someone whom I admire greatly.
Allyson is the author of The 7 Minute Solution, The 7 Minute Life™ Daily Planner and The 7 Minute Difference. She has trained thousands of people nationwide and has been a guest on CNN and Bloomberg Information TV.
Neuroplasticity refers to changes in neural pathways and synapses which are due to changes in behavior, environment and neural processes, as well as changes resulting from bodily injury. In recent years, neuroplasticity has replaced the formerly-held position that the brain is a physiologically static organ, and explores how (and in which ways) the brain changes throughout life.
In the first video, Allyson explains what neuroplasticity is and, more importantly, how you can use this feature of your brain to become happier and more productive.
In the second video, Allyson explains what the 7 Minute Life™ is and how it works.
Hubel and Wiesel had demonstrated that ocular dominance columns in the lowest neocortical visual area, V1, were largely immutable after the critical period in development. Critical periods also were studied with respect to language; the resulting data suggested that sensory pathways were fixed after the critical period. However, studies determined that environmental changes could alter behavior and cognition by modifying connections between existing neurons and via neurogenesis in the hippocampus and other parts of the brain, including the cerebellum.
Decades of research have now shown that substantial changes occur in the lowest neocortical processing areas, and that these changes can profoundly alter the pattern of neuronal activation in response to experience. Neuroscientific research indicates that experience can actually change both the brain's physical structure (anatomy) and functional organization (physiology). Neuroscientists are currently engaged in a reconciliation of critical period studies demonstrating the immutability of the brain after development with the more recent research showing how the brain can, and does, change.
I hope you aren't scared of heights because this entry is going to take my SLogging to a whole new level...
While getting my daily fix of tech news today I read an article on CNET that blew me away and finally made me realize just how powerful Google (the company) really is. The title of the article was, How Google Is Becoming an Extension of Your Mind. That article contained a KILLER video that is better than any reality TV you will ever see.
To appreciate the KILLER video, you first have to understand what Google+ Hangouts is, which you can do by watching the two video to the right. Essentially, Google+ Hangouts is video conferencing technology that is built into Google+. Think of it as Google's version of Skype.
Once you get your brain around Hangouts, then watch the three videos below, which talk about Google Glass, the tech giant's latest project, which is getting some serious buzz right now.
Once you understand what Google Hangouts and Google Glass are you can then fully appreciate the KILLER video below -- with the disclaimer that you should check your acrophobia at the door...
Watch these two videos to understand Google HANGOUTS
EXCERPT FROM CNET ARTICLE*
It's time to think of Google as much more than just a search engine, and that should both excite and spook you.
Search remains critical to the company's financial and technological future, but Google also is using the search business' cash to transform itself into something much broader than just a place to point your browser when asking for directions on the Internet.
What it's now becoming is an extension of your mind, an omnipresent digital assistant that figures out what you need and supplies it before you even realize you need it.
Think of Google diagnosing your daughter's illness early based on where she's been, how alert she is, and her skin's temperature, then driving your car to school to bring her home while you're at work. Or Google translating an incomprehensible emergency announcement while you're riding a train in foreign country. Or Google steering your investment portfolio away from a Ponzi scheme.
This one explains Google GLASS...
This is the KILLER video...
This was a LIVE Google Hangouts meeting.
Note the four skydivers' video feeds at the bottom.
This is icing on the cake...
Wall Street executives say "wrongdoing is necessary"
At this stage of the game, the headline above should hardly surprise anyone. The first thing that comes to mind is that if 25% of Wall Street executives admit to knowing about or witnessing unethical behavior in their companies first-hand, imagine how prevalent it really is. The second is that cheating is not limited to Wall Street!
My personal opinion, which is simply based on direct and repeated observations, is that cheating, in its many forms, exists in all industries and walks of life. It is all around us.
As it turns out, I am currently doing some research on this subject as part of a project I am working on. Fortunately or unfortunately, revelations like this continue to crawl out of the woodwork like cockroaches.
About the Survey
Labaton Sucharow LLP today announced the results of its survey of 500 financial services professionals across the United States and United Kingdom. The survey is being released in conjunction with the launch of the firm's SEC Whistleblower Eligibility Calculator.
Isolated Incident or Pervasive Patronizing? (err, Paterno-izing)
Are we predictably irrational?
Video Source: TED
"Discovery consists of seeing what everyone has seen and thinking what nobody has thought."
~ Albert Szent-Gyorgyi, Nobel Laureate in Medicine 1937 ~
I chose to use a question as the title of this post to enlist your help in creating more awareness of and appreciation for Alfred Nobel – the man, his legacy and his mission. As stated in his will, his intention was to acknowledge the contribution of individuals around the world who's life work has the greatest benefit on mankind.
This plea for assistance, which I extend to my friends, peers and anyone who happens to find their way to this page was inspired by a moving film I watched this morning. This most interesting documentary celebrates the work of the 13 laureates who were awarded Nobel prizes in 2011.
Alfred Nobel's mission, as stated in his will was to acknowledge the contribution of individuals around the world who's life work has the greatest benefit on mankind.
- What does the Nobel Prize mean to you?
- What can you do to create more awareness of and appreciation for the legacy of Alfred Nobel?
- What can you do to encourage children to learn more about the Nobel Prizes (all six of them) and adopt a lifelong interest in the annual Nobel awards ceremonies, which take place in October?
- Who do you know that would be interested in joining this effort?
- What are the benefits of spending some quality time on NobelPrize.org and encouraging your friends, family and professional peers to do the same?
As I watched the film, I could not help but wonder what the world would be like if we gave as much deference to Nobel laureates as we do to celebrities and professional athletes.
"The whole of my remaining realizable estate shall be dealt with in the following way: the capital, invested in safe securities by my executors, shall constitute a fund, the interest on which shall be annually distributed in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit on mankind. The said interest shall be divided into five equal parts, which shall be apportioned as follows: one part to the person who shall have made the most important discovery or invention within the field of physics; one part to the person who shall have made the most important chemical discovery or improvement; one part to the person who shall have made the most important discovery within the domain of physiology or medicine; one part to the person who shall have produced in the field of literature the most outstanding work in an ideal direction; and one part to the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses."
The Prize for Economic Studies was added in 1968 in Memory of Alfred Nobel is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden. It is awarded according to the same principles as for the Nobel Prizes that have been awarded since 1901.
Help me spread the word about the Nobel Prize...
- Share this web page on your social media sites
- Watch the film that inspired this post. It is 57 minutes long so pour yourself a glass of wine or favorite beverage, find a quiet place and make note of their humility as the laureates share their stories. Prepare yourself to be inspired :-)
- Watch this film to learn more about Alfred Nobel – the man, his legacy and his mission
- Check out these educational tools and share them with your kids or anyone who has kids. Heck, for that matter, share them adults who have not lost their sense of wonder and optimism :-)
- Find out what Nobel laureates read when they were young...
- Have a look at this Nobel Media page and see what you can find there in the way of additional inspiration and resources that you can use to spread the word.
- Feel free to copy and paste this content directly into your blog or social media sites and encourage others to do the same.
- Let me know what you think and please share any ideas you have to further this noble cause :-)
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Did you know?
Nobel Prizes have been awarded to women 40 times between 1901 and 2011. Only one woman, Marie Curie, has been honoured twice, with the 1903 Nobel Prize in Physics and the 1911 Nobel Prize in Chemistry. This means that 43 women in total have been awarded the Nobel Prize between 1901 and 2011.
Click here to view the complete list of women Nobel laureates...
Its most famous car may be worth $25 million, and its cars can top 200 miles an hour...
Welcome to Shelby American, a company whose rare cars are built to blow by just about any competition, yet are designed to be everyday drivable if that's what an owner wants.
As part of Road Trip 2012, I've stopped in on the company the late Carroll Shelby founded in 1962 -- making this the 50th anniversary of the Cobra and the manufacturer that bears his name.
These days, Shelby is probably best known for the high-end modifications is does to make Ford Mustangs be truly all they can be. For example, the Shelby 1000, which is made entirely by hand in very limited numbers, starts with a 2012 Shelby GT 500 Super Snake -- already a more powerful car than most -- and takes it over the top. The result costs a minimum of $150,000 (not including the base vehicle) and generates more than 1,000 horsepower and a top speed in excess of 200 miles an hour.
As you may have noticed, story telling is getting a lot of buzz these days. Kinda like feel déjà vu all over again, eh? Other than what they did to that poor rabbit, the video on the right does a nice job of promoting a new book entitled, The Storytelling Animal: How Stories Make Us Human, by Jonathan Gottschall. Here's an excerpt from the Fast Company article that inspired this SLOG post...
The new gospel of business storytelling offers a challenge to common views of human nature. When we call ourselves Homo sapiens, we are arguing that it is human sapience--wisdom, intelligence--that really sets our species apart. And when we think we can best persuade with dispassionate presentation of costs and benefits, we are implicitly endorsing this view. But we are beasts of emotion more than logic. We are creatures of story, and the process of changing one mind or the whole world must begin with “Once upon a time.”
Asset Based Fees
A To B Syndrome
Best Band Ever
Blown Away Guy
Brother David Steindl-Rast
Coffee Is For Closers
Financial Advisor Iq
Glengarry Glen Ross
Let It Shine
Monkberry Moon Delight
National Nutrition Month
Talking White Paper
Think Outside Box
Time In Vs Timing
What Is A Slog?
~ Socrates ~