JK Rowling: The fringe benefits of failure

Ms. Rowling’s commencement speech at Harvard in June 2008. It is about 20 minutes in length.

The speech is 2 speeches in one.

First part of the speech focuses on her journey from youth to poverty and how that transformed her. Learning firsthand from poverty is not fun. For those who have a very strong will, it is a very effective tool. As Ms. Rowling says, it has profound impact on her and contributed to her success which was not something she has planned for.

Second part of the speech focuses on the inequalities in this world where she learned from her work with people suppressed by their governments. Ms. Rowling is trying to remind the graduating class that they have a responsibility too to make a difference in this world because of who they are.

It is an inspirational speech worth watching.

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A Gift to My Children: A Father’s Lessons for Life and Investing by Jim Rogers

Summary

A strongly opinionated book on what is good for one’s life. And the opinions coming from a famous speculator does not help as it is in direct clash against those who believe in playing safe in life. Hence it is not a book for everyone. I like it myself.


Book Information

A Gift to My Children: A Father’s Lessons for Life and Investing
Written by Jim Rogers

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Linda Raschke: Setting up your workstation

Another video nicely done with a good summary on how to setup your trading pad and trading accounts.

My perspective is that it is not necessary to have many monitors especially if you are not monitoring multiple markets. Some traders find that less is more. One big chart with your primary timeframe plus a few smaller charts is often enough. Ms. Raschke trades many markets with just a few trading setups. Hence the need of more monitors.

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