You need to have a goal

Just consider a winner such as Michael Phelps, who decided to move on from swimming after winning his 8 gold medals in Beijing four years ago. Very quickly, he found himself in a depression that lasted until he got back in the water and started training again, presumably hoping to recapture the feeling of satisfaction he'd lost so quickly. Whatever happens in these Olympics, Phelps must face the same question again once his races are over. "Is there anything in life so disenchanting as attainment?" asked the poet Robert Louis Stevenson.

http://blogs.hbr.org/schwartz/2012/08/our-unhealthy-obsession-with-winning.html
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Focus

You can do anything, but not everything
- David Allen
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Despite repetition, most people fail to become experts at what they do

Despite repetition, most people fail to become experts at what they do, no matter how many years they spend doing it. Experience does not equate to expertise.
In field after field, when it comes to centrally important skills—stockbrokers recommending stocks, parole officers predicting recidivism, college admissions officials judging applicants—people with lots of experience were no better at their jobs than those with less experience. Talent Is Overrated
Research concludes that we need deliberate practice to improve performance. Unfortunately, deliberate practice isn’t something that most of us understand, let alone engage in on a daily basis. This helps explain why we can work at something for decades without really improving our performance.
Deliberate practice is hard. It hurts. But it works. More of it equals better performance and tons of it equals great performance.
Most of what we consider practice is really just playing around — we’re in our comfort zone.

http://www.farnamstreetblog.com/2012/07/what-is-deliberate-practice/


Ps To get ahead you need to exit your confort zone and explore. To get ahead in the Bike i need to do intervals at a pulse way out. Then i get scared and then i improve. I think this guy is on the spot.

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Central planning failed in the old eastern Bloc

Grant on what the Federal Reserve needs to do now to get new best practices:
“It needs to get out of the central planning business. The Fed was organized in1914 and opened its doors to conduct a more or less traditional central banking business, meaning it would lend against good collateral to solvent institutions in times of cyclical or seasonal need. It would defend and protect the gold dollar. That was all that its original remit contained. fast forward many decades, and we see the Fed in the business of steering, guiding, manipulating the economy, financial markets, the yield curve. It manipulates and pegs interest rates. It is all over the joint doing what failed in the old eastern bloc.”
On whether the U.S. needs a more rules-based central bank to provide discipline and protection:
“What we need is a central bank that has the humility not to do what it cannot do. And the Fed cannot do what others have failed to do, namely to plan an economy from a central desk in the capital city.”
http://www.zerohedge.com/news/jim-grant-refuses-get-lost-hall-mirrors-market


PS Poor journalist! So sad!
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Bad Omen in Europe (another)

There’s enough to go round for everyone

Favourite SP slogan, Dutch Socialist party

UK GUARDIAN

PS After Syriza…….
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Up's and downs

If we had no winter, the spring would not be so pleasant: if we did not sometimes taste of adversity, prosperity would not be so welcome

Anne Bradstreet Quotes
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Allways Summer

This innate fear of falling, common to all human beings, may go some way towards explaining the obsession the world seems to have with preventing recessions and avoiding deflation. Recessions are always seen as a bad thing for the economy and, since the days when Alan Greenspan’s bony fingers were wrapped around the Federal Reserve’s monetary levers, there has been a war waged on the downward half of the business cycle in an attempt to literally abolish it as though that were a) possible or b) desirable.
Just as a world filled with only sunshine would eventually be uninhabitable or a forest without the occasional fire would ultimately stifle itself, the business cycle needs the occasional bust to counteract the booms that cause overheating and excess. That’s just the way it is I’m afraid. We may not like it. We may be afraid of falling, but nature need take its course.

Grant Williams
Things That Make You Go Hmmm.....
ttmygh@me.com
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