Here is a version of "The Crazy Ones" that has Steve Jobs narrating. It is a 'classic' even though the ad never aired in this format.
Here is the text.
Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.
The next vide is interesting because it is unrehearsed and unpolished. Ironically, Steve Jobs was known as the consummate showman and presenter. Here is glimpse at the man behind the curtain. This video shows his first television interview.
Looking back over his career and body of work, it is clear that Steve Jobs deserves credit.
He was a world-class innovator and showman.
More importantly, Steve Jobs said "I want to put a ding in the universe." He did!
There is not an app to replace Steve Jobs. He was one of a kind.
One of the phrases people associate with Jobs is "Think Different!" He did. Bill Gates said he wanted to put a PC on every desktop. Steve Jobs put magic in your pocket.
As we mourn his death and celebrate his life, here are a few of Steve's quotes:
"Innovation distinguishes between a leader and a follower."
"Be a yardstick of quality. Some people are not used to an environment where excellence is expected."
"You can't just ask customers what they want and then try to give that to them. By the time you get it built, they'll want something new."
Apparently he knew when it was time to quit.
When he stepped-down from his role at Apple, HBR pointed out that Jobs knew something needed to change. Perhaps it really is time for Jobs to go home, as he put it, to a "wonderful family" and an "amazing woman" and re-reflect on a few of the provocative questions (slightly altered) that he posed to the world in his 2005 Stanford Commencement Address.
Are you wasting your life "living someone else's?"
Do you "have the courage to follow your heart and intuition?"
Are you nurturing a "great relationship," one that "just gets better and better as the years roll on?"
Do you tell "your kids everything you thought you'd have the next 10 years to tell them in just a few months" or days?
Do you make "sure everything is buttoned up so that it will be as easy as possible for your family" when "the single best invention of Life" takes its toll?
Do you say "your goodbyes" before it's too late to say them?
For almost four decades Steve Jobs has certainly tried his best to "put a ding in the universe."
It Matters that it Matters."Do you want to spend the rest of your life selling sugar water — or do you want to change the world?" That's what Steve famously asked John Sculley. Translation: do you really want to spend your days slaving over work that fails to inspire, on stuff that fail to count, for reasons that fail to touch the soul of anyone?
Do the insanely great."When you're a carpenter making a beautiful chest of drawers, you're not going to use a piece of plywood on the back, even though it faces the wall and nobody will ever see it." We're awash in a sea of the tedious, the humdrum, the predictable. If your goal is rising head and shoulders above this twisting mass of mediocrity, then it's not enough, anymore, to tack on another 99 features every month and call it "innovation." Just do great work.
Those aren't the only lessons, nor probably the best lessons. There are lots to choose from.
Umair Haque challenges: Steve took on the challenge of proving that the art of enterprise didn't have to culminate in a stagnant pond of unenlightenment — and won. In doing so, he might just have built something approximating the modern world's most dangerously enlightened company. Can you?
What a great thing career he had. He ends his Stanford speech with a quote that sums it up well. "Stay Hungry ... Stay Foolish."
The recent doom and gloom can make it seem like the Market has suffered potentially fatal setbacks. However, a glance at a monthly chart of the S&P 500 Index shows a pretty normal-sized correction, based on recent swings.
It is worth noting, however, that the market has had four down months, and the MACD Indicator looks like it is rolling over. So, a move up here would certainly help Bulls feel more confident.
Moving down to a weekly chart of the S&P 500 Index, it is easy to see that a similar pattern occurred last year. At that time, the Triangle pattern resolved upwards. However, Triangles are often considered continuation patterns ... and last year's Triangle came during a big move up. Arguably, this year's Triangle comes after breaking last year's up-trend. As a result, some traders will assume that it is more likely for the pattern resolve downwards.
Zooming in a little closer to a daily chart ... it shows a lot of movement with little real change. The magenta zigzag indicator highlights moves of at least 5%. Moreover, price has crossed the 1160 level about a dozen times during September.
That kind of price action can create whipsaws. However, the next chart shows that there is a clearly defined range; and when price finally makes an extended move beyond it, traders will likely look for an entry.
In technical trading, price is the primary indicator. The market will tell you what's working.
Walmart just re-instated its Layaway plan for cash-starved consumers. That sends an interesting message; but so did billionaire investor George Soros. Speaking on the sidelines of the International Monetary Fund meeting, Soros said that the crisis is worse than the global financial crisis in the wake of the collapse of Lehman Brothers in the fall of 2008.
Is It Really That Bad?
Thought this was helpful in setting context (sort of an "X" marks the spot; "we are here" graphic) for several key economic and market indicators.
Summary of Market indicators.
So, in general, corporate debt has moved to the high end of the historical range and the VIX has risen aggressively higher, just above the historical range. Interest rates remain in typical ranges. Meanwhile, mortgage delinquencies continue to come down slightly in second quarter 2011. Overall, U.S. equity markets continued to fall in August, with the Russell 3000® Index returning -6.0% for the month.
Yet, things might be getting a little bumpier.
Another Indicator Shows How Volatile Things Have Become.
We just saw the biggest weekly move in 30 year bond since Black Monday (which happened way back in 1987).
30-Year bond rates moved more than three standard deviations this week. Zero Hedge points out that this move can be looked at as a 7 standard deviations of a percentage move basis, given how low rates are at this point.
So much for stability.
Maybe this will make you feel better? Global economic policy-makers gathered, this weekend, for the annual meeting of the IMF. Publicly, they tried to sound united as they try to calm financial market concerns about European sovereign debt and the region’s fragile banks. Word is Europe would do “whatever is necessary” to resolve the crisis. Feeling better already; don't you?
At the Bloomberg Markets 50 Summit in New York, last week, Dalio discussed the European debt crisis, investment strategy, and his outlook for the global economy. Here is a video.
Ten Links Worth a Glance this Weekend
Here are some of the posts that caught my eye. Hope you find something interesting.
Lighter Links:
Trading Links:
Posted at 09:02 PM in Business, Current Affairs, Ideas, Market Commentary, Trading, Web/Tech | Permalink | Comments (0) | TrackBack (0)
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