MarketWatch article:"What I've Learned From the Market Bubbles"

Quick hit:  check out "What I've Learned From the Market Bubbles" on MarketWatch.  Very quick read, and a nice macro view of a repeating bubble trend.

Lunch

It's almost always enjoyable to connect with someone over food or coffee.  I really like sitting down with someone over lunch, learning more about the individual's purpose, work, and what makes him or her tick. There are lots of reasons to connect with others, and each type of interaction has its own benefit:

• History. The other person's experience reminds me of things I've done before, maybe not as well, or maybe better


• The Now. We're experiencing the same pains or joys, and compare notes and next moves


• Virtual Travel. I get to take a vicarious journey to an situation or place I've never been (skydiving, anyone?).


• Improvement. We philosophize or have a mental jousting of sorts, sharpening one another with competing logic and new information

I have a very strong preference for the other person to select where we'll have lunch. Very.  There are specific reasons for this:

Better Speakers, Better Leaders, Better Communicators

I've just completed a term as president of my local Toastmasters club, Gateway to Speaking Excellence. During my year in office, the theme of the club was the same as the title of this blog post. When asked to describe Toastmasters, I say something like this:  “Toastmasters is a safe-to-succeed, safe-to-fail environment in which we practice becoming better speakers, better leaders, and better communicators every single day.”

Wondering about the cheesy name?

Insubordination and followership

Browsing Bloomberg the other day I found Rosabeth Moss Kanter's review of Obama's firing of General McChrystal from a management and leadership perspective.  It was a reprint from a Harvard Business Review blog.  HBR has a couple of other posts around the firing that might be interesting, including this one and this one.

Two energy giants

With all of the emotional charge swirling around BP as of late, I thought it might be interesting to look at a couple of other players in the energy markets.

BP is sitting at just under $30 a share and market capitalization just under $93B, about half of where it was pre-Gulf-oil-spill crisis.  The dividend has been canceled for the first three quarters of 2010, and it's being reported in Bloomberg and elsewhere that a cash injection could be coming in the next few days to stave off takeover bids.

The Tipping Point, by Malcolm Gladwell (2000)

Malcolm Gladwell, a writer at The New Yorker magazine, has become better known for his books than his articles in recent years.  He has written a string of bestsellers in the new millenium:  The Tipping Point, Blink, Outliers, and What the Dog Saw.  Gladwell fittingly started with The Tipping Point, a view into understanding change.

Are You Done?

A teacher, one of four teachers in an elementary school, is frustrated at work. This teacher, let's call her Carol, is one of four 4^th grade teachers, and is also the newest. She is finishing her first year in this school, and one of the other teachers (her name can be Sally) has been assigned as her mentor.

The three teachers keep their doors open, plan class activities together, and sit together at lunch.

Sally's approach to mentoring revealed itself early in the year. She introduced Carol to the others, and casually said that Carol could reach out with any questions. Sally and the other two teachers continued to plan joint class activities, and talk with one another. When Carol would join their group, she realized that the majority of their time was spent gossiping about other teachers – and Carol wondered if they talked about her when she wasn't there as well.

Carol's approach to teaching is a little different from the others. She closes her door, spends less time outside with her class, and uses teaching techniques that are slightly different from the other 4^th grade teachers – but in line with her pedagogy and prior teaching experience.

Near the end of the school year Carol confronted the other teachers about excluding her from planning the last event, something of a send-off for the students. The three other teachers had planned an event for their classes outside, and excluded Carol yet again. Words were exchanged.