Steve Jobs advice to Mark Zuckerberg

Mark travelled to Kainchi Dham Ashram, in Nanital, Uttarakhand. The same place Steve had visited, and where he got clarity on his life purpose. For a month, Mark meditated in the temple and travelled through India.

That one piece of advice from Steve Jobs, that one decision to take action on it by Mark Zuckerberg – and leave his company and country for a month to follow it – has proven to be worth over $35 Billion as Facebook has grown to connect over one billion people today.

Today, who can you learn from?

Today, what action are you willing to take?

Earning always follows learning.

“I realized my mission in life was to learn more, not earn more.” ~ Surya Da

Read the whole story written by Roger Hamilton

Annonser

net4talents – a vision for a educational website to learn about every subjects

net4talents is a vision for new online and offline community. It is based on networking, sharing and receiving. The offline (IRL) version has already started.

You will be able to use net4talents to:

  1. build your network and learn from people in it
  2. entreprenurs helping entrepreneurs
  3. learn from one and teach two, interact with many
  4. teach other members and earn talents and get likes as feedback
  5. get many likes and qualify for higher levels and reach the top level

net4talents is built with people who share these common values.

The offline IRL has already started. Membership is free. If you want to connect to me.

 

Why net4talents?

  • We believe that people want to be connected to other people
  • We believe that people want to give generously
  • We believe people want to learn, improve their skills and find their passion

We think people will be able to grow and reach their full potential when they are connected to another person. These connections can be achieved using internet technology.

That is why we’re building net4talents

Steve Jobs Rules of Thumb

Jobs ThumbsGreat entrepreneurs don’t use rule books, but they do use rules of thumb:

Rule books are fixed. Rules of thumb are flexible.
Rule books put you in a box. Rules of thumb point you on a path.
Rule books instruct you. Rules of thumb inspire you.

All the ingredients of fast-growing companies – Creativity, culture, talent, team and trust – grow with the guidance of the right rules of thumb.

Here’s Steve Jobs’ Top 10:

Rule 1 – “Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.”

Rule 2 – “Design is not just what it looks like and feels like. Design is how it works.”

Rule 3 – “One of my mantras – focus and simplicity. Simple can be harder than complex.”

Rule 4 – “My model for business is The Beatles. They were four guys who kept each other’s kind of negative tendencies in check. They balanced each other and the total was greater than the sum of the parts. That’s how I see business: great things in business are never done by one person, they’re done by a team of people.”

Rule 5 – “Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.”

Rule 6 – “The only way to do great work is to love what you do. If you haven’t found it yet, keep looking.”

Rule 7 – “For the past 33 years, I have looked in the mirror every morning and asked myself: ‘If today were the last day of my life, would I want to do what I am about to do today?’ And whenever the answer has been ‘No’ for too many days in a row, I know I need to change something.”

Rule 8 – “Your time is limited, so don’t waste it living someone else’s life.”

Rule 9 – “Overthinking leads to negative thoughts”

Rule 10 – “Stay hungry, stay foolish.”

When you throw away the rule book, and write down your rules of thumb, you’re writing down your guiding principles. They give you a simple compass to follow instead of a complex map to remember. What are yours?

Virtual Reality next big digital platform

The big platforms in the IT business has been mainframes, minicomputers, PC, Internet/web and mobile. The next platform of the same dimension is VR. In less than five years time we will go shopping online in VR enviroments and there will also be an option to ”meet” and chat with our Facebook friends in VR.

I’ve been telling people about this ever since I heard about Mark Zuckerbergs announcement a year ago. This week Mark Zuckerberg visited Samsungs big launch of there S7 phones.

See http://www.di.se/artiklar/2016/2/21/samsungs-mobilchef-om-nya-galaxy-s7-mer-an-smarta-telefoner/

 

How valuable is your network?

This was written on Roger Hamiltons private Facebook page. I think it is worth sharing as an example of what is and will be your biggest asset in years to come; Your network.

How valuable is your network? The Paypal Mafia is an extreme example of the phrase “your network is your net worth”.

When eBay bought Paypal in 2002, the founders of Paypal had an average age of 30. With the opportunity to go out and start again, they decided to stay in touch and share their strategies, experiences and connections as they launched their next businesses.

The result?

Elon Musk launched Space X and Tesla (Now worth $30 billion+)
Reid Hoffman founded LinkedIn (Now worth $25 billion+)
Peter Thiel launched Palantir (Now worth $20 billion+)
Steve Chen and Chad Hurley founded Youtube (Sold to Google for $1.65 billion)
David Sacks launched Yammer (Sold to Microsoft for $1.2 billion)
Russel Simmons and Max Levchin launched Yelp (Now worth $1.6 billion+)
Dave McClure founded 500 Startups (Invested in 1,300+ companies)
Premal Shah became president of Kiva (Crowdfunded 1 million+ microloans)

The founders sold Paypal for $1.5 billion 13 years ago, but as a result of sharing their journeys after that, they now have a combined net worth of over $20 billion.

Between them, they have created 7 billion dollar companies and invested in many more, generating over $100 billion in market value.

Supporting each other was the intention from the beginning. As Peter Thiel recalls, “When we started PayPal, I remember one of the early conversations I had with Max was that I wanted to build a company where everybody would be really great friends and, no matter what happened with the company, the friendships would survive.”

Your success will be determined not by how much you want to be successful, but by how many of the right people you connect around you who want you to be successful.

Your network is your net worth.

What can you do today to improve your network?
What can you do to add more value to the one you’re in?
How can you grow network value everywhere you go?

Today we live in a networked world. So thinking about growing network value is more important than ever. As Reid Hoffman says, “In the Networked Age, we’re all like the little kid from The Sixth Sense. If you’re not seeing networks when you enter a room, you might want to check your pulse.”

How to save a trade that goes against you in Swing strategies!

As a swing trader working on opportunities to make profit when the market changes direction the market will sometimes go against you. The results in the long run are dependent on how you and/or your trading robot handles those situations.

I’ll try to explain the rules and how my strategies solves these situations.

These are your options:

  • Stop/loss
  • Adding extra positions

Classic stop/loss close to the entry level doesn’t work well for swing strategies. Maybe it is okey for just one trade, but with many trades you will get too high percentage of trades that ends up in stop/loss. That will ruin your long term results.

Adding positions is also difficult, but I’ve found that it’s better. Especially if you combine it with many robots who runs i parallel with really small position sizes for their first positions. I also use safety stop/loss, but you are not supposed to ever reach them.

Nasdaq example

This is an example from Nasdaq 100 in the last two weeks with a swing strategy for catching reversals. In this case it uses max 3 positions and a stop/loss for safety. Blue arrows indicate long positions.NAS100 3 pos jan 2016

The entries on the Jan 4th didn’t reach target and the index fell further. When stop/loss levels were reached (small red lines) the losses were taken. The strategy then almost immediately entered another swing trade according to its rules with three positions. In that second case with trades nbr 4-6 the target is reached within a couple of hours. The equity curve on the right suffers from the safety stop/loss, but at least the positions were closed. The smallest possible total loss on my broker is 60 USD and that is a way to keep losses small.

Add another position

One option to improve the results is to allow max 4 positions instead of 3 in the same strategy:

NAS100 4 pos jan 2016

Now the reversal on Jan 4-5th was enough and the combined target were reached after 2-3 days.

NAS100 3 pos more pipsteps jan 2016

Add more space between trades

A better solution is to not allow the algo strategy to add trades as quickly. By adding to the minimum number of points the market has to move before an additional trade is opened the result gets better.

Adding space between first and second trade always improves statistics, but also lowers the profits for the same strategy.

 

 

With both these adjustment this is the resulting equity curve last year:

NAS100 3 pos more pipsteps jan 2016

This area of risk and safety rules has been my focus area for the last two years. Risk and safety rules are ten times more difficult to define than entry and exit rules.

I believe you need to make a portfolio that combines many strategies to get it right. It is complex but it is much easier to do and execute with trading robots than to do it manually.