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Seth Godin, blogger/author, has a great piece on the current perils in the music industry. It's amazing how clearly broken the model is to an outsider, yet insiders still persist on reveling in the past.
What to learn from the music industry
From the post:
1. Past performance is no guarantee of future success
Every single industry changes and, eventually, fades. Just because you made money doing something a certain way yesterday, there’s no reason to believe you’ll succeed at it tomorrow.
I set out thinking it would be easy to blog every day or two. Not so. I have a new-found respect for writers and bloggers who do make it a point to blog daily - and have something good to say.
Between running a business, time, and lack of focus, I haven't been blogging. So this year, I'll make more of a concerted effort to do so. I think I'm learning some valuable lessons that others will profit from. The pain comes from setting aside the time to share them in a concise and easy-to-read format.
Carnegie Dale: How to Win Friends & Influence People [AUDIOBOOK] [UNABRIDGED]
One of my favorite classic books - now on my iPhone. (*****)
Michael Covel: Trend Following (Updated Edition): How to Make Millions in Up or Down Markets
The concept of catching market momentum in currencies, futures, and equities.
Chip Heath: Made to Stick: Why Some Ideas Survive and Others Die
This is an addictive, fun, and useful read for anyone who needs to get their point across. In the past, my investor presentations have always been too long. Using the tools in the book, I was able to cut it down in half. (*****)
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