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Pyramid

During the years I've been in the markets, I have been trained by two super-disciplinarians. One was my great uncle, Julius, and the other was John Wooden.

Both emphasized extreme discipline and both told me to be all I can be, which for me was not a great outlook. Having been dyslexic all my life, I grew up with an inferiority complex. My dyslexia was very much present in the area of numbers and arithmetic-mathematics. All I could be, and "give your very best," didn't seem possible. Did I have a "very best?"

I'm going to skip what I was taught by my great uncle, who himself, was a trader and showed me that I had a very best to give. He taught me from scripture. You can discover what he tried to instill in me by reading the Bible: Book of Galatians, Chapter 5, starting in verse 22. Here's a link.

Some of my best "be all I could be) learning was following John Wooden around during a project I had to research titled: Leadership in Athletics. Wooden was one of those special people, who come along once every century or so.

Of all I learned from him, there is a tool he used, and by following it, I was able to put into effect much of what I learned from the book of Galatians. The tool was called Wooden's Pyramid. It looks like this:



Study the pyramid. Make it part of your life. The pyramid is self-explanatory. Google for John Wooden. Read about his accomplishments. I went to secondary school with his daughter Nancy (Nan) and his son. I think his son's name is/was also, John!)


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Saturday, 07 December 2024

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.