In full disclosure this blog post idea comes from listening to my wife and what she has to say about her reading. I recommend doing more of that 🙂 .
In her highly publicized book Lean In (gr8 title) and in a recent interview with Fortune, Sheryl Sandberg, COO of Facebook, relives her move from Treasury to Google and then to Facebook and discusses the puzzlement and the mocking that resulted from making these choices. For example, friends snickered as to why she would leave the government for “junior” positions over others that were offered to her. She counseled that people are “too worried about upward trajectory and not worried enough about growth” and that the best thing to do when looking for a great job is to “go for growth” because “growth moves everyone up. If it’s growing, it works.”
The best example of this is her real-life experience when deciding whether to take a job at this little upstart called Google. Here’s the advice that Google CEO Eric Schmidt gave her in 2001 when she told him that she wasn’t sure if she should accept the offer to be the “Business Unit General Manager”:
When companies grow quickly, there are more things to do than there are people to do them. When companies grow more slowly or stop growing, there is less to do and too many people to be doing them. Politics and stagnation set in, and everyone falters. He told me, “If you’re offered a seat on a rocket ship, you don’t ask what seat. You just get on.”
For the discretionary trader areas of growth will be:
1) learning how to develop a methodology to archive your best setups (see The PlayBook)
2) bionic trading
3) developing auto strategies
4) learning how to express your best setups in other products
5) trading other markets
We will continue to talk more about these areas of growth in the coming weeks/months.
You can be better tomorrow then you are today.
Mike Bellafiore
no relevant positions
