I’ve been immersing myself in your podcast over the last few months. I’m not sure if it was the best decision to start at the beginning but I am about half way through 2013 at the moment. You are currently still in Asia. I spent three months there myself just traveling around. Not only has it been fascinating listing to your podcast regards trend following but it has also been interesting to witness your own life journey and growth, (eg yoga, travel etc) all compacted down into a few months. I’m looking forward to the rest and catching up to modern day. And I have also enjoyed reading some but not yet all of your books.
So I won’t go into detail as to why I think trend following is very much suited to me but listening to your podcast daily has given me the confidence to take full responsibility over all my trading decisions. I had already accepted full responsibility as to the outcome of my investment. Eg if I ask and receive financial advice, whatever the outcome, it is still my responsibility. But along with that came many frustrations which you completely address and have now given me the vehicle (trend following) to actual choose the trades I make.
Fortunately I am an oracle database programmer and so am a long way into generating my own fully automated system which will simply pump out my daily actions. And fortunately I have the personality to simply follow them because that’s easier than having to make a discretionary decision.
So firstly I simply wanted to thank you for your great work and secondly ask a simple technical question which maybe you won’t answer but that’s OK.
When charting most professional suggest that a Exponential MA is superior to a Simple MA for a number of reasons but when people talk about systematizing there trading on your podcast they always refer to a Simple MA and I am wondering from a trading perspective does it not really make any difference or is it simply that a Simple MA is easier to code?
Anyway things may have change across the 5 years that I am behind on your podcast and perhaps you no long take email, But I’m glad I have contacted you. You have had a profound affect on my life. I really enjoy the psychology and self improvement aspect of your podcast and the constant message of taking full responsibility and not looking to the ‘Man’ to look after me.
By the way I am in Australia, not sure if you have made it down this way yet.
Daniel Klein is a professor of economics at George Mason University and an Associate Fellow of the Swedish Ratio Institute. Much of his research examines public policy questions, libertarian political philosophy, and the sociology of academia. He is the chief editor of Econ Journal Watch.
When did Daniel first embrace the idea “liberty”? He was dissatisfied with the school system for most of his childhood. A friend asked him “Have you ever thought about why school sucks?” His friend explained that students don’t get to choose where they go to school, there is no private ownership, schools don’t have choice in curriculum etc. He quickly saw the system as a socialist operation and suddenly “Why school sucked” all made sense to him. This gave way to him falling into a free economic market, libertarian, and Austrian Economics way of thinking.
Into college he gradually discovered Adam Smith, David Hume, and other 18th century thinkers. Through research he saw that the word “liberal” was not used in a political sense until about the time of Adam Smith. People had thought of ideas associated with liberalism but when Smith came out with “The Wealth of Nations,” he finally put a name to this way of thinking. Regardless of whether people agreed with his politics or not, his ideas spread throughout the world.
To really understand the arc of liberalism throughout the years it is important to learn what happened in the past and see the progression. Today, terms such as “The left”, “Dem”, and “Progressive” are all terms that have been adopted by others to accept liberalism.
Agustín Fuentes is a primatologist and biological anthropologist focusing largely on human and non-human primate interaction, pathogen transfer, communication, cooperation, and human social evolution. His most recent book is “The Creative Spark: How Imagination Made Humans Exceptional.”
How did Agustín begin studying anthropology? From an early age he loved trying to figure out what made people tick. By studying other primates and what human ancestors did, he came to find that we are creative and imaginative in ways people didn’t think we had the capacity for.
Agustín found that through innovation, collaboration and creativity learning happens. What are some examples of innovation from our ancestors? Fire is one of the most basic, yet amazing discoveries of our ancestors. No species on the planet, besides humans, use fire. Use of fire gave humans the opportunity to change the composition of materials to mold utility items, change food composition, and provide the opportunity to break the day and night cycle.
Collaboration can be seen in instances of warfare. Are we inherently violent? Yes. Humans have the capacity for intense violence. However, when studying warfare, it is all about collaboration and putting your life on the line for the greater good of the army – not about who has the most violent army. Collaboration is the bottom line in when it comes to winning a war.
Once people were able to convey information with language, huge advancements were able to happen in creativity. In the last 100,000 years or so art happened, and humans were able to convey imagination. Speech and hearing coincided with art and showcased our capacity for creativity. Michael and Agustín finish the podcast talking diversity. Throughout the ages, diversity has been the norm for humans. When you get outside of your bubble, and explore the world a little, you see first hand the immense differences in advancements and innovation throughout cultures.
The podcast is great and I follow many recommendations from it including reading the Fountainhead.
I picked up the book about a month ago after hearing your rant and listening to an audible excerpt you played. As an English Lit Major, you struck another cord with me.
I am halfway through and am enamored by Rand’s literary skill and was glad to hear you mention it again in Ep. 650.
But also I think your recommendation is not based solely to broaden my literary horizon, of which, I am no danger of doing but had to read it per your recommendation.
I have to say my bookseller was impressed I am reading Rand and I was very intrigued by his response.
So, I just wanted to say, I am looking forward to experiencing a similar epiphany of sorts as I move towards completion. I am still not sure what you are seeing but the representation of the characters is not lost on me.
The sleep podcast was amazing. You should find a way to recirculate it to get some additional attention. Call Tim Ferriss? The flu vaccine portion was startling. I will be sharing this show with a lot of my friends!
Shane Snow is author of “Dream Teams: Working Together Without Falling Apart” and the bestseller, “Smartcuts.” Shane is also an award-winning journalist, celebrated entrepreneur, and co-founder of Contently.
When thinking about great teams we often think of just the best players. Shane uses the success of the Soviet Union’s 1980’s hockey team as an example and sheds light on what made them so uniquely successful. It was not the individuals that defined the success of the team, it was the collective team as a whole. Their team wasn’t about having a guy that could score a lot of points. Each player was dedicated to doing whatever they needed to do to get the hockey puck in the goal.
That 1980’s Soviet hockey team also fostered a diverse set of minds. Historically we reduce classifications to what we can see. Having a diverse team doesn’t just mean having people of a different race, gender, sexual orientation, etc. If you want a group to be smarter than its smartest member, you need a team of people who all think differently. This is where cognitive diversity is important – the best ideas often come from a round-table of minds debating. However, it can be easy to go too far when building a diverse team and end up with a group of people trying to destroy each other rather than cultivating innovative ideas.
What is the leading cause of failure in business and relationships? Communication. Combining various perspectives from people are what often adds up to one great new innovation. Looking at new angles is the only way to break new ground. Unfortunately, a lot of what we think is crazy gets shut out. Those crazy ideas are what need to be heard the most.
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