Category: Life is Great

  • The Sixth Sense

    This video, if you haven’t seen before, will change the way you thought about the technology. Hats-off to Pranav Mistry (Research Assistant and PhD candidate at the MIT Media Lab) who developed this $350 prototype, the sixth sense, that delivers an astonishing interaction between physical surfaces and digital technology. A blockbuster Hollywood sci-fi movie-turns-reality will soon be within reach of average Joe to do many wonderful things.  And to add to greatness, Pranav is going to give the code to the Open Source developers so as to make it available to masses.

    There are thousands of applications where it can be used (including stocks and options trading). But other then those money making ideas what excited me was the idea of filling the gap of “5th sense”. Though he didn’t elaborate much on it, this device can work as the 5th sense for those are not as blessed by the mother nature as the average person e.g. those who can’t speak or even hear? This potentially can add more life to their everyday life.

    In the simplest terms, Sixth Sense is a mini-projector coupled with a camera and a cellphone—which acts as the computer and your connection to the Cloud, all the information stored on the web. Sixth Sense can also obey hand gestures, like in the infamous Minority Report.

    The camera recognizes objects around you instantly, with the micro-projector overlaying the information on any surface, including the object itself or your hand. Then, you can access or manipulate the information using your fingers. Need to make a call? Extend your hand on front of the projector and numbers will appear for you to click. Need to know the time? Draw a circle on your wrist and a watch will appear. Want to take a photo? Just make a square with your fingers, highlighting what you want to frame, and the system will make the photo—which you can later organize with the others using your own hands over the air.

    Thank you Pranav for producing such a wonderful idea, this idea is surely worth spreading !

    Life is Great,

    OP

  • The 90/10 Principle

    While just about to start my work, I saw this great presentation from one of my friends, talking about 90/10 principle from Stephen Covey. I feel blessed to have such friends who not only discuss business but also shares life enriching thoughts time to time.

    This post is about “life” and the “options that life offers” us. Without further introductions, let me get to the 90/10 principle first-

    According to Steven Covey “10% of life is made up of what happens to you, 90% of life is decided by how you react“. W Mitch also mentioned something similar “It’s Not What Happens To You – It’s What You Do About It“. I fist met Mitch about 8-9 years back when he was visiting Japan. It was quite inspiring hearing his stories and how he got back to the life.

    Along the same lines, there is another relevant quote from Viktor Frankl, Austrian neurologist & psychiatrist who survived Holocaust in his work “Man’s Search of Meaning”: The last of human freedoms – the ability to chose one’s attitude in a given set of circumstances.

    What does this 90/10 means? We really have NO control over 10% of what happens to us; The other 90% is different as it is determined by your reactions.

    There is an example shared by Steven-

    You are having breakfast with your family, Your daughter knocks over a cup of coffee Onto your business shirt, You have no control over what has just happened; What happens next, You curse, You harshly scold your daughter for knocking the cup over, She breaks down in tears, After scolding her, you turn to your wife, and you criticize her for placing the cup too close to the edge of the table, A short verbal battle follows, You storm upstairs and change your shirt; Back downstairs, you find your daughter has been too busy crying, to finish her breakfast and getting ready to go to school, She misses the bus; Your spouse must leave immediately for work; You rush to the car and drive your daughter to school; Because you are late; you drive 40 miles per hour in a 30 mph speed limit zone; After a 15-minute delay and throwing $60.00 traffic fine away, you arrive at school; Your daughter runs into the building without saying goodbye; After arriving at the office 20 minute late; You realize you forgot your briefcase; Your day has started terrible. As it continues, it seems to get worse and worse; You look forward to coming home;When you arrive home, you find a small wedge in your relationship with your wife and daughter.

    Why?

    Because of how you reacted in the morning. Why did you have a bad day? You caused it. You had no control over what happened with the coffee. How you reacted in those 5 seconds is what caused your bad day.

    Here is what could have and should have happened

    Coffe splashes over you; Your daughter is about to cry; You gently say: “It’s okay, honey, you just need to be More careful next time.’; Grabbing a towel you go upstairs and change your shirt; You grab your briefcase, and you come back down in time to look through the window and see your child getting on the bus; She turns and waves. You arrive 5 minutes early a cheerfully greet the staff.

    Two different scenarios. Both started the same. Both ended different. Why? Because of how you reacted. You really have no control over 10% of what happens in your life. The other 90% was determined by your reaction. If you would like to know more, I shall encourage you to sign-up for one of the workshops conducted by Franklin Covey. I am personally fascinated with the 7 habits which did make an impact on how I think about things.

    Why am I sharing this? I think there is relevance of 90/10 principle even in trading. I don’t have statistical data to prove this, I think 90% of the success is determined by our preparation aka risk management for the 10% things that we have no control. We don’t know when will bull market start or bear market rally end? what matters is how well are we prepared to respond to certain developments. Another example- I realized a sudden loss a in one of the assets in my basket of assets, my success will be determined how I react to rest of the investments upon recognition of loss. Do I try to get back all the losses by being emotional or do I put a plan in place that helps me recovers by working in realistic way, hoping for better results but being prepared for worst.

    Easier said than done. But again, you never know until you try. How about giving a check to your trading. Here is what contributed to record 2007,  or 7-ideas from great minds, how about making money consistently or a thorough plan. You can make a change. Review your past trades, past decisions and see what do you need to do going forward.

    I shall continue to bring this topic up time to time. Meanwhile pls do share your thoughts or experiences.

    Enjoy and Profitable Trading, OP

  • How to Make a Difference in Someone’s Life, Today

    This post is not about making money, this is about options, however. It is about the options that life offers to us. It has both call as well as put options, but there is hardly anything in life that nature offers as a hedge when it comes to emotions. So I don’t have an iron condor or double diagonal today, but I do have suggestions that have potential to make someone’s life playful like a butterfly.

    Myanmar is suffering from devastating Cyclone and China is suffering its worst earthquake hit in almost half the century. I have lived through some of the disastrous earth quakes, cyclones and not to mention the ugly riots. I am fortunate I am alive to be able to write this post. I am lucky to have readers like yours who force me to think and appreciate what I have. I am thankful to Leonard who laid foundation for internet for the common man and thankful to blogger networks who syndicate my blog to publish my message on Reuters, Chicago Suntimes, Palm Beach post, Washington Post and probably many more. Using all these, I hope I am able to influence a few readers to make a difference.

    One may argue, China has trillion dollar in reserve that they can put for relief usage. Or Junta is still exporting rice while Myanmar is suffering from food shortage. There maybe argument about why a certain type of building suffered the most in the earthqauke or skepticism if the money will reach right hands, etc. But let’s give it a hope, going “back to basics” requires much more than government machinery. In both countries, rescue efforts are continuing, but now the focus is shifting to the millions left homeless or suffering from decease outbreaks. According to NYTimes The vice minister for civil affairs China, Jiang Li, said that nearly 280,000 tents had been sent to the area and that 700,000 more had been ordered. But as he spoke, refugees continued to pour out of the devastated mountain regions, most bringing with them little more than the clothes on their backs. Yes, government machinery did a lot to save those little 3 princesses who were saved after 86 hours. Other Rescuers had spent 30 hours working to free Mr Ma, 31, an executive at the Yingxiu Bay Hydropower plant in Wenchuan country, who was buried on the second floor of its office section for 179 hours.

    Imagine being beneath the debris for that long or not having food or water for days, and you get the picture of what I mean?

    Myanmar is another sad story. According to reports on Bloomberg, Myanmar junta declared three days of mourning from today for the more than 130,000 people dead or missing after the cyclone struck 18 days ago, the British Broadcasting Corp. said, citing state television. The disaster was the worst to hit Southeast Asia since the 2004 tsunami killed 220,000 people in countries in the Indian Ocean. Basic necessities, such as food and water, which we take for granted, are what people need to survive.

    Life gives us some “investment opportunity” results of which are immense, probably much more than what “dollars investment in dollars” can bring. Mother Teresa made an investment that’s par excellence. I think, by changing even just one person’s life per year, I make the best investments decisions. Think about it for a minute! Let’s say I take full responsibility or one kids’ lifetime education, as long as I am capable, till the time kid is able to get either scholarships or other methods so she/he can finance her education by herself. This improves one person’s life, but this has a “multiplier effect” on the overall society. That person, if nurtured with good values, will appreciate what has been done for her/him and will make contribution to life by changing someone else’s life. At the same time, I have, potentially, also reduced one potential “miscreant” to the society by giving someone a hope.

    Why you and I do it, because we are well capable of taking care of ourself. And at least I owe my success to other’s contribution to my life many of whom I know and many more that I don’t know (Yes). This is the core essential ingredient at OP. People of both places will rise sooner or later, with or without help as the life goes on. Albeit, as a global citizen we do have responsibility though.

    In this capitalistic world, there maybe profit takers even from the charity work. But I personally think it’s worth taking a chance. Choose the leaders, and probability of your money being used appropriately is high. Google has set up a website, Paypal and Ebay has similar site, Unicef has it and many more like that. I personally like WFP for Food and Worldvision for sponsoring a child. I am not linked with worldvision for any material benefits. I had sponsored a child before. This girl writes me letter, sends me updates and as emotional as I am, I am touched every time I see how much difference a little $30/month is making. This is the best rate of return in my trading career.

    Check yourself, what will you remember, that satisfy you the most, after a year or two, your best trade on WFMI resulting in 230% profits, missing a Google trade that would have resulted in thousands of % gains or making a contribution that will change someone’s life forever?

    Choice is yours, pick a straight call or put option? As usual I’ll tell you my bias, I am bullish about life. In fact, much more bullish than I was when I was a kid. So I chose Call LEAP option. And I chose to call worldvision today to sponsor another child at $1/day.