Let's start with One Hundred Dollars. A stack of them makes Ten Thousand Dollars.
So far, so good.
Next, let's put One Hundred Million in perspective.
I don't know about you, but that still seems like a lot of money to me. Nonetheless, it fits nicely on a military-standard pallet.
The U.S. Deficit is approaching Fifteen Trillion Dollars. The image below will help you visualize that. The scope and scale of that amount of cash is a surprising.
And, if you want to see an updated, interactive version of the U.S. Debt Clock, just click the image below. It is worth spending a little time to watch the pace the numbers turn.
Is the glass half-full, or is the glass half-empty?
It is all a matter of perspectives, isn't it.
Let's look at one of the positives. Some companies are doing fantastic.
Here is a chart of Apple's quarterly sales, by product.
Apple grew revenues by 82 percent last quarter, which is remarkable growth for a company of its size ($28.6 billion in quarterly revenues).
Can you remember another company, that size, growing revenue that fast? I can't.
You can talk about consumers having less money to spend, negative sentiment, etc. It didn't matter. Apple is showing that cream rises to the top. If you make something people want, they will find a way to get it.
How about the negative? America isn't the only country with debt problems.
Deficit, National Debt and Government Borrowing – How Has It Changed?
How has it changed? It has gotten worse.
Here in the U.S., we talk about deficits, debt-ceilings, and government borrowing, as if we are the only country suffering. But the news shows that this disease has spread through the world (and not just Greece either).
For example, the chart below shows the United Kingdoms deficit over time.
Does it look like a mirror of Apple's success to you? Wonder what that means?
At some point, a crisis is likely. However, the chaos surrounding crisis often results in tremendous opportunity.
Ultimately, it doesn't matter what happens … it is what you do.
Many opportunities present themselves every day in the markets. The goal is to identify what is working, and to trade it while it is working.
Niccolo Machiavelli said: "Whosoever desires constant success must change his conduct with the times."
Perhaps it is time to make some plans so you respond intelligently to what happens.
HMG Note: As I write this, there is still a failure to agree about the debt ceiling.
If it isn't resolved before morning, international response should be telling. Will it spark fear, or will the markets shrug it off? The answer will probably tell you a lot more than the news did.
Is the glass half-full, or is the glass half-empty?
It is all a matter of perspectives, isn't it.
Let's look at one of the positives. Some companies are doing fantastic.
Here is a chart of Apple's quarterly sales, by product.
Apple grew revenues by 82 percent last quarter, which is remarkable growth for a company of its size ($28.6 billion in quarterly revenues).
Can you remember another company, that size, growing revenue that fast? I can't.
You can talk about consumers having less money to spend, negative sentiment, etc. It didn't matter. Apple is showing that cream rises to the top. If you make something people want, they will find a way to get it.
How about the negative? America isn't the only country with debt problems.
Deficit, National Debt and Government Borrowing – How Has It Changed?
How has it changed? It has gotten worse.
Here in the U.S., we talk about deficits, debt-ceilings, and government borrowing, as if we are the only country suffering. But the news shows that this disease has spread through the world (and not just Greece either).
For example, the chart below shows the United Kingdoms deficit over time.
Does it look like a mirror of Apple's success to you? Wonder what that means?
At some point, a crisis is likely. However, the chaos surrounding crisis often results in tremendous opportunity.
Ultimately, it doesn't matter what happens … it is what you do.
Many opportunities present themselves every day in the markets. The goal is to identify what is working, and to trade it while it is working.
Niccolo Machiavelli said: "Whosoever desires constant success must change his conduct with the times."
Perhaps it is time to make some plans so you respond intelligently to what happens.
HMG Note: As I write this, there is still a failure to agree about the debt ceiling.
If it isn't resolved before morning, international response should be telling. Will it spark fear, or will the markets shrug it off? The answer will probably tell you a lot more than the news did.
You can watch a movement happen, start to finish, in under 3 minutes, while he points-out some of the lessons.
A leader needs the guts to stand alone and look ridiculous. But what he's doing is so simple, it's almost instructional. This is key. You must be easy to follow!
Now comes the first follower with a crucial role: he publicly shows everyone how to follow. Notice the leader embraces him as an equal, so it's not about the leader anymore – it's about them, plural. Notice he's calling to his friends to join in. It takes guts to be a first follower! You stand out and brave ridicule, yourself. Being a first follower is an under-appreciated form of leadership. The first follower transforms a lone nut into a leader. If the leader is the flint, the first follower is the spark that makes the fire.
The 2nd follower is a turning point: it's proof the first has done well. Now it's not a lone nut, and it's not two nuts. Three is a crowd and a crowd is news.
A movement must be public. Make sure outsiders see more than just the leader. Everyone needs to see the followers, because new followers emulate followers – not the leader.
Now here come 2 more, then 3 more. Now we've got momentum. This is the tipping point! Now we've got a movement!
As more people jump in, it's no longer risky. If they were on the fence before, there's no reason not to join now. They won't be ridiculed, they won't stand out, and they will be part of the in-crowd, if they hurry. Over the next minute you'll see the rest who prefer to be part of the crowd, because eventually they'd be ridiculed for not joining.
And ladies and gentlemen that is how a movement is made! Let's recap what we learned:
If you are a version of the shirtless dancing guy, all alone, remember the importance of nurturing your first few followers as equals, making everything clearly about the movement, not you.
Be public. Be easy to follow!
But the biggest lesson here – did you catch it?
Leadership is over-glorified.
Yes it started with the shirtless guy, and he'll get all the credit, but you saw what really happened:
It was the first follower that transformed a lone nut into a leader.
There is no movement without the first follower.
We're told we all need to be leaders, but that would be really ineffective.
The best way to make a movement, if you really care, is to courageously follow and show others how to follow.
When you find a lone nut doing something great, have the guts to be the first person to stand up and join in.
You can watch a movement happen, start to finish, in under 3 minutes, while he points-out some of the lessons.
A leader needs the guts to stand alone and look ridiculous. But what he's doing is so simple, it's almost instructional. This is key. You must be easy to follow!
Now comes the first follower with a crucial role: he publicly shows everyone how to follow. Notice the leader embraces him as an equal, so it's not about the leader anymore – it's about them, plural. Notice he's calling to his friends to join in. It takes guts to be a first follower! You stand out and brave ridicule, yourself. Being a first follower is an under-appreciated form of leadership. The first follower transforms a lone nut into a leader. If the leader is the flint, the first follower is the spark that makes the fire.
The 2nd follower is a turning point: it's proof the first has done well. Now it's not a lone nut, and it's not two nuts. Three is a crowd and a crowd is news.
A movement must be public. Make sure outsiders see more than just the leader. Everyone needs to see the followers, because new followers emulate followers – not the leader.
Now here come 2 more, then 3 more. Now we've got momentum. This is the tipping point! Now we've got a movement!
As more people jump in, it's no longer risky. If they were on the fence before, there's no reason not to join now. They won't be ridiculed, they won't stand out, and they will be part of the in-crowd, if they hurry. Over the next minute you'll see the rest who prefer to be part of the crowd, because eventually they'd be ridiculed for not joining.
And ladies and gentlemen that is how a movement is made! Let's recap what we learned:
If you are a version of the shirtless dancing guy, all alone, remember the importance of nurturing your first few followers as equals, making everything clearly about the movement, not you.
Be public. Be easy to follow!
But the biggest lesson here – did you catch it?
Leadership is over-glorified.
Yes it started with the shirtless guy, and he'll get all the credit, but you saw what really happened:
It was the first follower that transformed a lone nut into a leader.
There is no movement without the first follower.
We're told we all need to be leaders, but that would be really ineffective.
The best way to make a movement, if you really care, is to courageously follow and show others how to follow.
When you find a lone nut doing something great, have the guts to be the first person to stand up and join in.
I went to see the newest Harry Potter movie this weekend. Apparently a bunch of other people went too, because it conjured up box office records.
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.
I went to see the newest Harry Potter movie this weekend. Apparently a bunch of other people went too, because it conjured up box office records.
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.
Here are some of the posts that caught my eye. Hope you find something interesting.
Two scary things stood out. U.S. debt is growing to magical proportions … and the final installment of the Harry Potter series, The Deathly Hallows, set box office records.
Here are some of the posts that caught my eye. Hope you find something interesting.
Two scary things stood out. U.S. debt is growing to magical proportions … and the final installment of the Harry Potter series, The Deathly Hallows, set box office records.
