- 31, 2010
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(Quotes from Ed in Red)
March 31, 2010
Common Language - Video
Hello Mr. Ed,
I thought you might enjoy this video.
Bobby McFerrin demonstrates the power of the pentatonic scale, using
audience participation, at the event "Notes & Neurons: In Search of the
With best regards
Thank you for the clip.
March 24, 2010
Seeing is do away with it. And doing away with it is to
let go, which requires guts. And guts require practice. And practicing
guts requires breaking the rules, especially the ones of your own
By the way: the guts required for practicing guts can be
found in YOUR heart (one of the kindest I know).
All the best, Ed, and thank you
and Course Adjustments
Thank You Ed:
Just a note to thank you for the book and the site. I read you interview
about 15 years ago, it sounded great but I only put the ideas in
practice recently, at least for trading.
I just read an essay drafted by Nassim Taleb, and to paraphrase, he
referred to all the "talk" and the "noise" that is created by people who
consume massive amounts of bagels and cream cheese in downtown NYC at
the banks and firms, about difference between that which can be tested,
in the scientific realm, and whatever comes from consensus and people
who speak as experts.
His essay was funny and entertaining. I used to
help make the noise and avoid it now (aside from this note being sent to
you), but I still like to eat bagels and cream cheese (with lox).
In turn, this essay reminded me about a book I am reading, written by a
founder of a software firm called 37 Signals, that discounted the value
of long term business plans for small businesses.
Long-term plans with
forecasts were described as long-term business guesses. Among its many
nice ideas, 37Signals embraced the idea of making lots of small
decisions that were correctable, shunning "Big" plans and decisions that
sometimes inspired people to not make changes (e.g. to take a loss)
because big decisions somehow implied the "rightness" of some path
They cited ego as a reason for this situation, but maybe it's
also about sunk cost and loss aversion. I have no problem with
committing to "big" decisions, and from my vantage, rightly or wrongly,
I would say family and kids aren't sunk costs AND are so worth sticking
with, but hey, maybe business decisions or trades have plenty of room
for adjustment or abandonment.
That book in turn, was inspired by another essay from this same firm,
sent a couple of weeks ago by a friend who has been helping me write
mechanical signals software for trend following. (My software was done,
bit by bit, over the last few years. It's not wall street fancy but it's
great and less time is spent crunching numbers for signals to buy or
sell, and more on risk management. Every morning a box runs a few
scripts and tells me what is moving up, what is moving down, etc. I look
at my equity, figure out some preplanned costs per decision and make
some decisions based upon my account's "budget" and make sure
stop-losses tag along with each trade made.) I read the essay, also
presented by 37Signals.
This essay in turn reminded me about a lecture by a fundamental value
investor (don't laugh), who quoted from a friend, a Buddhist monk, that
"The best way of preparing for the future is to take good care of the
present, because we know that if the present is made up of the past,
then the future will be made up of the present.
All we need to be
responsible for is the present moment. Only the present is within our
reach. To care for the present is to care for the future."... "Inquiry
means not using the mental creation, but allowing yourself to get in
touch, and to try to see how things truly are. We practice not to be
influenced by the name, because when we are caught in the name we can't
This same investor said, "If you hop into a sailboat and start across
Lake Michigan, it is not particularly helpful to make predictions about
the direction and speed of the wind over your entire journey. Much
better to align your sails as those conditions change, making numerous
modest errors, but getting across the lake"
This essay author whom I've cited may be a "funnymentalist" but I think
making room for small potential future errors (losses), while sailing
towards the other shore of a lake, or being touch with the present, or
building a small business with doable small decisions (as opposed to big
expensive ego-loaded plans) or trading an account with preplanned costs,
buying when prices up or selling when prices go down, sounds pretty
Anyway, thanks for reading, your interview, book and website are a big
help and fun!
Thank you for sharing your
You and Me
I notice that you rarely if ever put the words YOU and ME
in one sentence. Are YOU afraid of intimacy with people (like ME)?
Note: I put the ( ) in, in order to lessen the impact.
p.s.: I am not fag nor bisexual.
Thank you for sharing your
The mind, the biggest striver of them all. How can man be
happy if he rejects himself by striving for better ?
Some people like to strive.
Messing Up and Feeling Worthless
I have been writing this over the past three weeks- because Ed said that
it would take three weeks for this to become settled in my system. So
this is how it went.
Last night hot seat. I am glad to be finally getting this out of my
system. I am grateful for the support of the Tribe.
I receive several new tools to work with my feeling of worthlessness,
lack of value. Quick and efficient. I am grateful for the support and
advice I received.
Last night, I thought I did okay- but now in the morning- I feel
terrible. I didn't sleep well and I just can't get over the feeling that
everything I do is wrong, and somehow I screwed it up.
I resolved not to the judge the feeling and just stay with it. Later in
the day I realize I am sick. I have serious cold for a week. It gives me
time to think and reflect.
I am trying embrace and look for the positive in all the feelings . I
think a lot of my personal discomfort is part of the cold. My discomfort
adds to the value of my welcoming uncomfortable feelings.
I am working to recognize these feelings, convert them into allies and
learn their positive intentions
I stay sick for the week and gradually feel a lot better about
The second week, I am noticing that I concentrate better and am better
organized. I am pleased to notice these changes.
I am consciously aware of my feelings -and aware of my new tools.
I am calling my brokerage phone and enjoying getting all sorts of useful
help questions answered.
I am unfolding and unpacking the feelings in a holistic manner. The
changes I notice are not dramatic, more a deliberate progress of feeling
discomfort and waiting with it until it explains itself. I am patient
with my feelings and allow them to speak to me, knowing that they will
reveal positive intention if I give them room to do it.
Some good things I am noticing. My desk is cleaner. My account is up 3%
and 40% in cash- which is what I planned to have it do. I feel as though
perhaps I am also making some beneficial shifts on a subconscious level.
I feel I am growing to a higher level of trading.
I am grateful to my tribe for their support and solutions.
Thank you for sharing your
I wonder what happens if you mess up the act of messing up.
If You Mess Up Messing Up
21, 2010 6:33 PM
From Control to Intimacy
Well, for almost two years of reading FAQ, I decide to join the local
Tribe. I wonder if the drama in my life occurs if I join the tribe
earlier. I think about how much less controlling, jealous and selfish I
could be if I simply decide to commit to Tribe work earlier. What am I
I think about the drama I create in my relationship with my girlfriend.
She recently tells me I that she wants some time off. After realizing I
am making similar mistakes before our first break-up, I finally decide
to join the local Tribe. I see my controlling behavior, invalidation of
her feelings and lack of acceptance of who she is. I wonder how I can
love her and act this way.
Do I actually NOT love her? I scream, "No
way!! I love her more than anything!" So, I wonder what my problem is. I
think about prior relationships. I replay our fights, moods, events
leading up to the break-up and the break-up itself. I laugh as I see the
same pattern with each girl. What is the only constant? Me.
This gives me tremendous insight. I think about other intimate couples I
know of and see images of them together. I develop a snapshot of what I
want with my girlfriend.
I see me standing on top of the cliff (see attached pic) awaiting her
arrival up the long steps. She gasps in total surprise and then asks me,
"What are you doing here!?" I say, "I have come her to ask you to marry
me." I do not include her answer in this snapshot. I feel that is a form
of control and way of predicting the future.
I intend to write progress reports every Thursday (day following Tribe
Thank you for sharing your process.
If the guy decides to change the dance,
say from control to intimacy,
the girl might follow him
or she might leave him
and find another partner
who still likes the control dance.
NV to TX
Welcome to Texas! I support you in your move and in experiencing
whatever feelings come up as you leave one home to create another.
Thank you for your support.
March 20, 2010
FAQ isn't in the now. Ed doesn't practice as he preaches,
but tries to heal. I am honest and you can't bare it because you can't
let go of the mind.
I have this weird habit lately of agitating people whom I
could be friends with too….
Thank you for sharing your
One Positive Intention of an Agitator
is to clean things up.
March 18, 2010
Into the Now
It took me a while to get to my final report – and to my goodbye to you.
I wish to thank you all for the great support you provided, not the
least Mr. Ed Seykota. I bow in deep respect.
I am moving into the now, as we speak. And I mean deeply in the now. In
fact, just in order to get the hang of it again, I make plans to live
with a people that still lives in the now (still in the now…. ha!) There
are not many left. I was lucky to find a far-out village, deep in the
bush and deeply in the now (taking a long break can be good sometimes).
In fact, you can’t call it a village. Tribe would be a better word, for
their place of birth has no name as such. I am not speaking
metaphorically here, but literally.
Money I let go of a while ago, disappointed and all. Drinking from the
well of wealth will never quench my thirst. I find it salty. Don't you,
Going for Now is another kind of letting go. A bit scary, yes, but only
just a bit. And TTP was my signpost to the now. Tribe meetings are a
great way of now . FAQ however is definitely a means to an end, a way to
the future, a show away from the Now-show. He who FAQs about the now is
like that priest who preaches about sex. I guess some people like to
live in the now, while others love to talk about it forever. And yet
others see it as a great way to build a legacy.
Ahhhhh, legacy! The future that never will be.
So long my friends, goodbye, fare well.
Ciao to the silver plane; time to catch a different one
Thank you for
sharing your process.
March 17, 2010
Wants to Visit Tahoe
thank you for the support and direction you have offered my husband,
[Name], through your blog and website. For Christmas, I purchased your
book for him and he has devoured it, studied it and shared it. He is
benefiting from you insights and direction, and as a family we are
experiencing the positive trickle effect.
I know you must have many demands on your time, but I wondered if you
might be in our around the Incline Village area in late March. [His] birthday is March 31, and I am surprising him with a weekend at Lake
Tahoe. I am planning March 26th -28th. If you are around, even playing
one evening, I know it would add depth and richness to the experience if
he could meet you. Thank you for considering such a request, and again
thank you for your service to others, and the impact you have had on our
family, which truly cannot be measured.
Thank you for your request.
At this point, I am residing in Austin, Texas