August 2009

  • Is Knowing Why and How Enough?

    Over the years, I've used a number of different assessment tests on
    myself and our team. It's a great way to help people better understand
    a each other and the different forms of communication and problem solving styles we use.

    Here are several of the tests that have proven themselves time and again:

    1. Kolbe: measures a person's instinctive method of operation, and identifies the ways they will be most productive.
    2. Myers-Briggs: identifies personality styles and temperaments.
    3. StrengthsFinder: helps people uncover their talents, so they can do more of those things each day.

    090822 whytelligence logo Recently Janine de Nysschen from whytelligence introduced me to a new tool.  She helps people perform better by getting them to understand the "Why" and "How" patterns driving them. Janine believes every person has a core sense of purpose that drives their beliefs and behavior, and a logic pattern that is hard-wired into how they think and decide.

    The whytelligence process helps people discover their distinct purpose, and shows them how embracing and leveraging that can help them thrive and succeed with less effort or resistance.

    What Can You Learn from whytelligence?

    Janine's starting point was clarifying "Why" I do things. She
    identified that I like to help people see what's real (though often hidden), and then show
    them how that truth about themselves or what they are doing can help
    them. During her next step in the process, here is how she described my "How" pattern:

    090822 Making a Point

    • First, you confront positions. You listen, you observe, but then you question and you challenge.
    • Second, you re-frame the thinking. Most of the time, you do this using stories or metaphors; but sometimes you use practical experiences too.
    • Third, you reveal the new paradigm. You get people to re-state their positions in light of what you have helped them understand.
    • Fourth, you help people put it into practice. You find opportunities or tell them about options for them to use their new paradigms, knowledge, and experience.
    • Finally, you measure response.  You will try the applied intelligence, the new technique, or better way – but they have to produce a certain level of value and give you the sense of peace, fulfillment, success, etc. … or it's back to the drawing board.

    If you know me, then you probably recognize that pattern.  After she pointed it out to me, I recognize that I use it often in my business and personal dealings.  It is how I argue, and how I help people. As a coaching point, Janine points out that my first step often is to confront; and that by becoming aware of it, I can soften its delivery for greater impact.

    This How pattern also defines my work.  In many respects, my job is to decode the logic moving the markets, and to translate that into easy to follow trading systems. This makes sense and is a great fit given my Why and How patterns.

    However, Janine then asked if I ever get so focused on finding the right tool or technique to get to a better solution, that I sometimes I forget to look for an endpoint? If you know me, then you probably recognize that pattern too. 

    Awareness Is the First Step of the Next Step.

    In other words, the How pattern can become such a powerful habit, that sometimes it runs by itself.  That's interesting information to know. Consequently, recognizing that it is running is important … as are the questions: 'Does it need improvement?' and 'Would breaking-out of it serve you better'?

    And in keeping with my pattern,
    it made me think a little bit deeper. In a sense, knowing about your pattern shows you how and why you get what you tend to get.
    However, if you want to get different results, then you need to change, or perhaps transcend, your habitual patterns in a way that lets you get better results.

    Knowing your Why and How patterns can be a great first step towards making those changes happen.

    For More Info:

  • Is Knowing Why and How Enough?

    Over the years, I've used a number of different assessment tests on
    myself and our team. It's a great way to help people better understand
    a each other and the different forms of communication and problem solving styles we use.

    Here are several of the tests that have proven themselves time and again:

    1. Kolbe: measures a person's instinctive method of operation, and identifies the ways they will be most productive.
    2. Myers-Briggs: identifies personality styles and temperaments.
    3. StrengthsFinder: helps people uncover their talents, so they can do more of those things each day.

    090822 whytelligence logo Recently Janine de Nysschen from whytelligence introduced me to a new tool.  She helps people perform better by getting them to understand the "Why" and "How" patterns driving them. Janine believes every person has a core sense of purpose that drives their beliefs and behavior, and a logic pattern that is hard-wired into how they think and decide.

    The whytelligence process helps people discover their distinct purpose, and shows them how embracing and leveraging that can help them thrive and succeed with less effort or resistance.

    What Can You Learn from whytelligence?

    Janine's starting point was clarifying "Why" I do things. She
    identified that I like to help people see what's real (though often hidden), and then show
    them how that truth about themselves or what they are doing can help
    them. During her next step in the process, here is how she described my "How" pattern:

    090822 Making a Point

    • First, you confront positions. You listen, you observe, but then you question and you challenge.
    • Second, you re-frame the thinking. Most of the time, you do this using stories or metaphors; but sometimes you use practical experiences too.
    • Third, you reveal the new paradigm. You get people to re-state their positions in light of what you have helped them understand.
    • Fourth, you help people put it into practice. You find opportunities or tell them about options for them to use their new paradigms, knowledge, and experience.
    • Finally, you measure response.  You will try the applied intelligence, the new technique, or better way – but they have to produce a certain level of value and give you the sense of peace, fulfillment, success, etc. … or it's back to the drawing board.

    If you know me, then you probably recognize that pattern.  After she pointed it out to me, I recognize that I use it often in my business and personal dealings.  It is how I argue, and how I help people. As a coaching point, Janine points out that my first step often is to confront; and that by becoming aware of it, I can soften its delivery for greater impact.

    This How pattern also defines my work.  In many respects, my job is to decode the logic moving the markets, and to translate that into easy to follow trading systems. This makes sense and is a great fit given my Why and How patterns.

    However, Janine then asked if I ever get so focused on finding the right tool or technique to get to a better solution, that I sometimes I forget to look for an endpoint? If you know me, then you probably recognize that pattern too. 

    Awareness Is the First Step of the Next Step.

    In other words, the How pattern can become such a powerful habit, that sometimes it runs by itself.  That's interesting information to know. Consequently, recognizing that it is running is important … as are the questions: 'Does it need improvement?' and 'Would breaking-out of it serve you better'?

    And in keeping with my pattern,
    it made me think a little bit deeper. In a sense, knowing about your pattern shows you how and why you get what you tend to get.
    However, if you want to get different results, then you need to change, or perhaps transcend, your habitual patterns in a way that lets you get better results.

    Knowing your Why and How patterns can be a great first step towards making those changes happen.

    For More Info:

  • An Experience Worth Paying For …

    What does $1.2 billion buy nowadays? Apparently, an amazing stadium that will change the way you experience events.

    As I was leaving the first preseason football game played in the new Dallas Cowboys stadium, one of the guys I went with said "that was the best football game I've ever seen." He was wrong; it was, however, probably the best experience he's had at a football game.

    I've been to hundreds of professional sporting events. Yet, Jerry and Stephen Jones, HKS Architects, and the rest of the team that built that stadium found a way to surprise and excite me, while exceeding my expectations on almost every level.

    Years ago, I read a book called "The Experience Economy: Work Is Theater & Every Business a Stage", which explains that as the world cascades towards sameness, a business can achieve a sustainable competitive advantage by differentiating the experience it provides to its customers. The Cowboys have done that with this stadium.

    There's a certain amount of theater, pageantry, and spectacle that you expect from a professional sporting event. Even the word "event" implies that, doesn't it?

    Well the Cowboys got it right; and it was larger than life.  Watching people as they walked in the stadium, it was amazing to see how many of them said "Wow!" And during the game, I can't tell you how many times I heard somebody say "this is incredible" … and they weren't talking about the game.

    Do You Watch the HD Screen … Or the Field?

    A few weeks ago I wrote about the stadium.  This time I'm writing about what it is like to attend an event there.  One thing worth noting, the GINORMOUS HD video screen is so clear and so large that it changes how you see the game (I certainly never paid attention to cheerleaders before this, and the video is so clear you can literally read the tattoos on a player's arms during a play).  Frankly it was slightly unnerving because I couldn't figure out how
    best to watch the game. I found myself drawn to the massive video
    screen rather than the field. I literally had to train myself to watch
    the play on the field, and then to allow myself to look up to see the
    replay (often from multiple angles).

    090822 Cowboys Stadium Opener

    You know how some movies whisper "wait for the DVD" while other movies were clearly built for the Big-Screen. This stadium changes how you consume a live event product (like an NFL game), and makes it worthwhile to be there.

    It is hard to control what happens on any given Sunday, but with this, the Jones have created a sustainable brand promise and set a new standard.

    You've got to experience it for yourself. 

    My guess is that it will change stadiums around the world. Bravo.

    For More On This:

  • An Experience Worth Paying For …

    What does $1.2 billion buy nowadays? Apparently, an amazing stadium that will change the way you experience events.

    As I was leaving the first preseason football game played in the new Dallas Cowboys stadium, one of the guys I went with said "that was the best football game I've ever seen." He was wrong; it was, however, probably the best experience he's had at a football game.

    I've been to hundreds of professional sporting events. Yet, Jerry and Stephen Jones, HKS Architects, and the rest of the team that built that stadium found a way to surprise and excite me, while exceeding my expectations on almost every level.

    Years ago, I read a book called "The Experience Economy: Work Is Theater & Every Business a Stage", which explains that as the world cascades towards sameness, a business can achieve a sustainable competitive advantage by differentiating the experience it provides to its customers. The Cowboys have done that with this stadium.

    There's a certain amount of theater, pageantry, and spectacle that you expect from a professional sporting event. Even the word "event" implies that, doesn't it?

    Well the Cowboys got it right; and it was larger than life.  Watching people as they walked in the stadium, it was amazing to see how many of them said "Wow!" And during the game, I can't tell you how many times I heard somebody say "this is incredible" … and they weren't talking about the game.

    Do You Watch the HD Screen … Or the Field?

    A few weeks ago I wrote about the stadium.  This time I'm writing about what it is like to attend an event there.  One thing worth noting, the GINORMOUS HD video screen is so clear and so large that it changes how you see the game (I certainly never paid attention to cheerleaders before this, and the video is so clear you can literally read the tattoos on a player's arms during a play).  Frankly it was slightly unnerving because I couldn't figure out how
    best to watch the game. I found myself drawn to the massive video
    screen rather than the field. I literally had to train myself to watch
    the play on the field, and then to allow myself to look up to see the
    replay (often from multiple angles).

    090822 Cowboys Stadium Opener

    You know how some movies whisper "wait for the DVD" while other movies were clearly built for the Big-Screen. This stadium changes how you consume a live event product (like an NFL game), and makes it worthwhile to be there.

    It is hard to control what happens on any given Sunday, but with this, the Jones have created a sustainable brand promise and set a new standard.

    You've got to experience it for yourself. 

    My guess is that it will change stadiums around the world. Bravo.

    For More On This:

  • Habits: Too Much of a Good Thing?

    Do You Have a Habit of Creating Habits?

    I do; I'm a creature of habit more often than I like to admit.

    For example, I tend to order the same thing at restaurant each time I go there. So, when I want good pizza, I go to Parma's; and when I want a great burger, I go to Mooyah.

    090816 MooYah Burger 300p

    By the way, that is a picture of my son eating a 4-Stack, one-pound burger (and me remembering when I could do that too).

    Habits happen at work too.  As a trader, I draw charts a certain way, prefer certain patterns, and respond predictably to certain emotional triggers.

    What habits do you have?   Perhaps more important to ask is: What percent of your habits have become so habitual that you no longer notice that they are habits?

    Relying On a Routine is a Blessing and a Curse.

    I'm typically a happy person. I feel like I roll with the punches well. Part of that is "true"; and a bigger part is due to creating a routine that supports my natural rhythms.

    An Exception Highlights the Rule: This week my brother had a baby, and I made a quick trip to LA with the family to celebrate. Even though it was a happy occasion, it is pretty clear that when I travel, and my routine is interrupted, I am much easier to upset.

    On the other hand, I'm also much more likely to experience something new when I'm taken out of my routine.

    Too Much of a Good Thing. How Can Relying On Your Best Qualities Hurt you?

    How many opportunities to create something better do you miss because you like doing what you are doing?  A related question is how many opportunities do you miss because you don't recognize the rut you are in?

    There are several types of progress; for example, Process Improvement and Discontiguous Innovation. In Process Improvement, creating habits and routines is the stated purpose … choosing the right ones is the art.  With Discontiguous Innovation, it is about leaving the old behind and simply finding a way to get a better result. In my experience the hardest part often simply is remembering that there might be a better way.

    Routine is fine as long as it is a conscious choice.
    Otherwise, it can limit your options unnecessarily.

  • Habits: Too Much of a Good Thing?

    Do You Have a Habit of Creating Habits?

    I do; I'm a creature of habit more often than I like to admit.

    For example, I tend to order the same thing at restaurant each time I go there. So, when I want good pizza, I go to Parma's; and when I want a great burger, I go to Mooyah.

    090816 MooYah Burger 300p

    By the way, that is a picture of my son eating a 4-Stack, one-pound burger (and me remembering when I could do that too).

    Habits happen at work too.  As a trader, I draw charts a certain way, prefer certain patterns, and respond predictably to certain emotional triggers.

    What habits do you have?   Perhaps more important to ask is: What percent of your habits have become so habitual that you no longer notice that they are habits?

    Relying On a Routine is a Blessing and a Curse.

    I'm typically a happy person. I feel like I roll with the punches well. Part of that is "true"; and a bigger part is due to creating a routine that supports my natural rhythms.

    An Exception Highlights the Rule: This week my brother had a baby, and I made a quick trip to LA with the family to celebrate. Even though it was a happy occasion, it is pretty clear that when I travel, and my routine is interrupted, I am much easier to upset.

    On the other hand, I'm also much more likely to experience something new when I'm taken out of my routine.

    Too Much of a Good Thing. How Can Relying On Your Best Qualities Hurt you?

    How many opportunities to create something better do you miss because you like doing what you are doing?  A related question is how many opportunities do you miss because you don't recognize the rut you are in?

    There are several types of progress; for example, Process Improvement and Discontiguous Innovation. In Process Improvement, creating habits and routines is the stated purpose … choosing the right ones is the art.  With Discontiguous Innovation, it is about leaving the old behind and simply finding a way to get a better result. In my experience the hardest part often simply is remembering that there might be a better way.

    Routine is fine as long as it is a conscious choice.
    Otherwise, it can limit your options unnecessarily.

  • Capitalogix Commentary 08/16/09

    The unemployment numbers came in slightly better than expected, and the market reacted very favorably. Then quietly, adjustments were made for other months, which were very unfavorable. Moreover, examining recent numbers a little closer suggests that some portion of the slowing growth of unemployment is probably due to the way the number is constructed. Some people are being dropped from the ranks of the unemployed, even though they haven't found jobs, because their unemployment is now long enough that they no longer qualify for benefits.

    Let Go from the Unemployment Ranks

    Market Commentary.

    There has been a lot of bad news in the press lately.  Nonetheless, the markets have held up well. There have been several
    sharp drops, which made me expect much worse; only to be met with
    another rally. As much as my gut wants to warn about "head fakes" and
    "finding the last buyer", this is the type of market action we see during
    bull market trends.

    Comparison of World Index Performances.

    The next chart shows how some of the big, thickly-traded, world equity indices (like the DAX, CAC, and FTSE) have performed year-to-date.  I like using a chart like this to get a sense of the bigger picture.  Last week's chart showed that the Emerging Markets have done much better so far this year.  Both charts show highly correlated trading.

    090815 World Indices Lag Emerging Markets

    The chart
    is interactive; so by clicking the picture, you can drag the
    yellow-highlighted date range slider to see how the change
    plays-out over time.  Try going back 232 days (which is the past year
    of trading days).  You can also add or change the markets this
    comparison uses.

    Disaster Readiness.

    "If this were an actual emergency" … would you have learned anything from the events of the last year?  As a trader, I've been burning the midnight oil and studying the bear market data to
    figure-out which of our systems held-up best during those periods.  In addition, I'm looking for early indicators that would signal a
    phase shift out of the bullish trend.

    090816 Exchange Certified Bullion Governments are probably going through a similar exercise, even though the Fed says the recession is ending and that it would take a step back toward normal policy as things return to normal.  Frankly they'd hope so, because the alternative is pretty scary.  How many things are left in their bag of tricks?

    Exchange Certified Bullion.

    Coincidentally, I'm hearing a lot more about investors and hedgers taking delivery of precious metals, like gold, silver, platinum, and palladium. Why? Apparently, unlike ETFs (like GLD), buying Warehouse Depository Receipts conveys title to specific, numbered, metal bars, which means they are not reportable as financial assets, yet you can still pledge them as collateral or sell call options against them.

    Business Posts Moving the Markets that I Found Interesting This Week:

    Lighter Ideas and Fun Links that I Found Interesting This Week

    • FriendFeed Updates Status: Married to Facebook. (NYTimes)
    • Hold Innovation Tournaments to Find the Most Promising New Opportunities. (Wharton)
    • Sony Adopts Open Book Strategy Against Amazon. (MediaPost)
    • Mobile Phones Get Augmented Cyborg Vision. (BBC)
    • DriveSharp Claims It Can "Train the Brain to Think and React Faster On The Road". (WSJ)
    • More Posts with Lighter Ideas and Fun Links.
  • Capitalogix Commentary 08/16/09

    The unemployment numbers came in slightly better than expected, and the market reacted very favorably. Then quietly, adjustments were made for other months, which were very unfavorable. Moreover, examining recent numbers a little closer suggests that some portion of the slowing growth of unemployment is probably due to the way the number is constructed. Some people are being dropped from the ranks of the unemployed, even though they haven't found jobs, because their unemployment is now long enough that they no longer qualify for benefits.

    Let Go from the Unemployment Ranks

    Market Commentary.

    There has been a lot of bad news in the press lately.  Nonetheless, the markets have held up well. There have been several
    sharp drops, which made me expect much worse; only to be met with
    another rally. As much as my gut wants to warn about "head fakes" and
    "finding the last buyer", this is the type of market action we see during
    bull market trends.

    Comparison of World Index Performances.

    The next chart shows how some of the big, thickly-traded, world equity indices (like the DAX, CAC, and FTSE) have performed year-to-date.  I like using a chart like this to get a sense of the bigger picture.  Last week's chart showed that the Emerging Markets have done much better so far this year.  Both charts show highly correlated trading.

    090815 World Indices Lag Emerging Markets

    The chart
    is interactive; so by clicking the picture, you can drag the
    yellow-highlighted date range slider to see how the change
    plays-out over time.  Try going back 232 days (which is the past year
    of trading days).  You can also add or change the markets this
    comparison uses.

    Disaster Readiness.

    "If this were an actual emergency" … would you have learned anything from the events of the last year?  As a trader, I've been burning the midnight oil and studying the bear market data to
    figure-out which of our systems held-up best during those periods.  In addition, I'm looking for early indicators that would signal a
    phase shift out of the bullish trend.

    090816 Exchange Certified Bullion Governments are probably going through a similar exercise, even though the Fed says the recession is ending and that it would take a step back toward normal policy as things return to normal.  Frankly they'd hope so, because the alternative is pretty scary.  How many things are left in their bag of tricks?

    Exchange Certified Bullion.

    Coincidentally, I'm hearing a lot more about investors and hedgers taking delivery of precious metals, like gold, silver, platinum, and palladium. Why? Apparently, unlike ETFs (like GLD), buying Warehouse Depository Receipts conveys title to specific, numbered, metal bars, which means they are not reportable as financial assets, yet you can still pledge them as collateral or sell call options against them.

    Business Posts Moving the Markets that I Found Interesting This Week:

    Lighter Ideas and Fun Links that I Found Interesting This Week

    • FriendFeed Updates Status: Married to Facebook. (NYTimes)
    • Hold Innovation Tournaments to Find the Most Promising New Opportunities. (Wharton)
    • Sony Adopts Open Book Strategy Against Amazon. (MediaPost)
    • Mobile Phones Get Augmented Cyborg Vision. (BBC)
    • DriveSharp Claims It Can "Train the Brain to Think and React Faster On The Road". (WSJ)
    • More Posts with Lighter Ideas and Fun Links.
  • What If You Outsourced Your Job Overseas?

    News satire from The Onion. It is funny, well done, and like most good humor … it has an insightful kernel of truth.  This one provides a different perspective on employment and outsourcing.


    More American Workers Outsourcing Own Jobs Overseas

  • What If You Outsourced Your Job Overseas?

    News satire from The Onion. It is funny, well done, and like most good humor … it has an insightful kernel of truth.  This one provides a different perspective on employment and outsourcing.


    More American Workers Outsourcing Own Jobs Overseas