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  • Small wins

    In an early morning chat from Las Vegas, I was talking with Mr. Waldow about gambling – specifically, blackjack, and how I approach the table. My methodology is fairly simple: I set an amount I’m willing to play with, be it 5 or100. When I step up to the tables, that’s exactly the amount I intend to play with and I will keep it in play as long as I can. When I win, I take the winnings and put them in my pocket, never to see the light of day again. The original bet, whatever size it is, remains in play.

    Impressive BlackJack Dealer

    At the end of the session – which admittedly doesn’t last very long, on average about 6 minutes – I walk away. Win or lose, once the original gamble is done, I walk away. If I’ve won 10 or300, I still walk.

    DJ had an interesting take on this:

    “Well, that’s why you never win big. You have to play big to win big.”

    That’s perhaps true in a system which is fair; casino gambling systems are inherently unfair, and designed to be as unfair as permitted by law. The only way you ever win – big or small – is to garner the favor of luck long enough to win something, and then walk away while you’re still ahead.

    It’s absolutely true that I never win big at blackjack, ever. I never lose big, either. In fact, I rarely lose at all (I recommend Darwin Ortiz’s book Casino Gambling for the Clueless (amazon link)
    for solid basic blackjack strategy). In the last 6 times I’ve addressed a blackjack table, I’ve walked away with a net profit between 5 and70.

    Do you have to play big to win big? In a negative expected value game, if you play big, you win big and lose big, but lose big more often. If you have limited resources – and don’t we all – you will be wiped out by gambler’s ruin. If you play with discipline and accept small wins, all those small wins add up to some tidy profits, tidy big wins.

    This is one of the greatest flaws in thinking by humankind, and it pervades every aspect of leisure and business. I’ve lost count of how many people and companies that have completely abandoned solid, working systems in favor of a “play big” bet on things like collateralized debt obligations or social media. Folks spend and squander limited resources to “play big” only to find out that their previous system which accrued small wins was far more reliable.

    Consider carefully before you decide to play big. Sometimes it works out.

    Other times…

    Twitter / DJ Waldow: Amazing how quickly one ca ...

    Play to win by being just as accepting of small wins as big wins.


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  • What content are you sitting on?

    I was going through my archives the other day, sifting out stuff that I didn’t need to hold onto any more, and found some pretty amazing content collecting dust. I have hours and hours of video, text, and all kinds of media, some of which has never seen the light of day but is incredibly valuable. Other stuff used to be posted online, but has since vanished due to changes, time, even companies going out of business.

    Here’s a really simple exercise for you to try: wherever you keep your archives and backups (you do keep backups, right?), go sifting through them for 15 minutes at some point today and see if there’s something in there that is worth bringing back to the light.

    Why? Your network, your audience is ever-changing, ever-shifting, and hopefully ever-growing. There are people you are friends with today that had never heard of you a week, a month, a year ago. While your old stuff may be dusty to you, it may be brand new to them – and more valuable than it ever was. Rather than discard old stuff simply because it’s old, take a look at your old stuff and see if it’s worth rseurrecting.

    Here’s an added twist: with what you know now, see if your old content improves. Do you have access to better tools, better knowledge, better processes? Here’s a photo I shot way, way back in 2001, which is practically the stone age in digital terms.

    Autumn in Waltham Center

    What’s different is that today, I have access to tools like Aperture and Adobe Photoshop. When this photo was taken, I would have been using Adobe Photoshop 6.0. Today’s version, CS5, is technically version 12.0 of that same software, and the tools have just gotten better. I used Aperture’s basic auto-enhance tools on this photo and it looks better than it ever did back then.

    Here’s a video clip of world-renowned master martial arts teacher Stephen K. Hayes from 2007.

    What’s changed? iMovie 9 has motion stabilization and audio normalization, so what would have taken me a ridiculous number of steps back then to edit took relatively few today. You get to enjoy the content – which is still as valuable as ever – but re-creating the content is much less painful.

    Back when I did a daily podcast, years ago now, I would go to concerts and with the artist’s permission, record stuff live. All those old recordings are still sitting around in raw form, collecting dust in the archives. When I dug back into them to resurrect something, I found that they definitely needed editing – but my editing skills have changed and improved vastly in the 4 years it’s been since I made the recording. Here’s an example, Rebecca Loebe’s song Grace recorded at a bar in Cambridge, MA about 3 1/2 years ago (MP3). Sounds better than ever with better audio editing knowledge.

    So what are you sitting on? What stuff seems old and stale to you but your newest friends might really, really enjoy? It’s a summer Friday – go take a few minutes and bring something back from the past. If it’s still high quality, all of us will appreciate enjoying it again, whether we’ve seen it or not.


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  • 4 books for fresh thinking

    Julien wrote a great blog post the other day about putting better stuff in your brain, stuff that will feed your brain and take it in new directions. Here are a few suggestions for things you can add to your virtual or real bookshelf, should you be so inclined.

    Full disclosure: everything’s an affiliate link, probably to Amazon. Fair warning.

    New Thinking

    The Timeless Way of Building, by Christopher Alexander. This very hard to find classic is a life lessons book disguised as a book about architecture. A great deal of it talks about qualities of building (web pages, marketing materials, houses, careers, whatever) in ways that put words to things you’ve been wanting to express all your life but never quite found. Alexandar’s book is wonderfully refreshing and helps you to develop a language of patterns for anything you’re doing in creative work.

    Awakening

    Shambhala: Sacred Path of the Warrior by Chogyam Trunpga. Trungpa’s Shambhala will wake you up. It will literally deliver a swift kick to your head and also explain why some things that should make you happy instead sometimes evoke sadness. It’s not depression – it’s an inherent quality of beauty, an understanding that what you’re looking at isn’t going to last. Very worthwhile. If you read, study, and master this book, you will make huge strides towards freeing yourself of many of your self-imposed limitations.

    Strategy

    The Art of War. Sun Tzu’s military classic has been translated and retranslated more times than you can count, and most of the translations are based on the old 1910 Lionel Giles translation. While workable, Giles didn’t necessarily capture the flavor of Chinese idioms or the language as well. Wee Chow Hou’s translation does a great job of this. Even if you’ve read other translations, get this one.

    Fresh Eyes

    The Photographer’s Eye: Composition and Design for Better Digital Photos by Michael Freeman. This is THE book I recommend to anyone who’s just gotten a digital camera. While it’s easy to get started with basic photography ideas like the Rule of Thirds, Freeman’s book takes you to another level. He teaches you how to SEE, how to look for photographic opportunities, recognize patterns, use built-in human tendencies for eye movement, and see life through your lens in new and different ways. Freeman’s book is a game changer, not just for a photographer, but for anyone who has to do any kind of visual work – web design, WordPress themes, marketing collateral, whatever.

    Notice something else here? None of these books are sales or marketing books. There’s a reason for that. If you’re looking for brain changing, game changing books, chances are the thinking you’re looking for isn’t going to come from the sales and marketing section of your bookstore. You have to dig into much more primal stuff in order to get to those breakthroughs – art, photography, architecture, war, belief. Marketing books can interpret some of these primal things and transform them into actionable materials, but you first have to have a well to drawn on, and no marketing book I’ve ever read can provide that.


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  • The sale is better because the sign is bigger

    At the grocery store, a husband and wife were arguing over a $3 bag of crackers while I tried to vanish in plain sight.

    Husband: Look, there’s the crackers we want. And they’re on sale, 10% off.
    Wife: I have a coupon for $1 off, let’s use that instead.
    Husband: You can’t use both. The 10% sale is better.
    Wife: How would you know? The coupon is for a dollar. I think that’s better.
    Husband: No! The sale is better!
    Wife: No it isn’t! I’m pretty sure the coupon is better!
    Husband: The sale is better, you stupid [expletive]!
    Wife: Why?
    Husband: The sale is better because the sign is bigger!

    The power of marketing is such that a bigger sign can defy the laws of mathematics to the computationally challenged.


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  • The trouble with innovation

    Take a look at the Zapthrottle Mote Extractor!

    Zapthrottle Mote Extractor

    It’s amazing – it’s got the ability to transform any free state element into crystallized elements! Cloud of fog? No problem – the Zapthrottle Mote Extractor will convert it into incredibly handy Crystallized Air. Steam cloud? Crystallized Water and Crystallized Fire are just a button’s press away! Contact a local 305+ engineer to buy yours today!

    What do you mean you don’t want one?

    This is the greatest dilemma of innovation – when you’ve got something that is authentically new and innovative, you will have incredible difficulty helping people to understand even what it is, much less why they want one. Most of the things we call innovative are spins on existing things, and for good reason – it’s easier to sell someone on an idea they understand already.

    • Email was innovative for its delivery speed and cost, but the idea of sending a message to someone else in the written word was not new, and thus it was adopted with relative speed because everyone understood what it did.
    • A DSLR camera is exactly the same conceptual device as a film camera, minus the film part.
    • The iPad isn’t innovative at all, which is what makes it sell so well – it’s a very large iPod Touch, and anyone who has used the iPhone OS immediately understands and gets it.

    True innovation requires your brain to first comprehend what something is, figure out if it’s useful to you, and only then finally decide whether or not you’re going to purchase it.

    If you’re a marketer who is trying to market something that is legitimately innovative, this is one of the few times that I’ll strongly recommend a case study, or multiple case studies, so that you can get over the first two hurdles with a prospective customer as quickly as possible. Without those examples of how something innovative can be used, you’re leaving it up to the mind and imagination of the prospect to create value for themselves, and your sales will deeply suffer as a result.

    That said, if you can create something truly innovative and valuable, the landscape is yours for as long as you can hold onto it.


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  • Are you ready for the Twitpocalypse?

    UPDATED: Twitpocalypse postponed to August 31, 2010

    Original:

    Are you ready for the Twitpocalypse?

    WhaleOn June 30, 2010, Twitter will change forever. For many of you, your favorite widgets, sites, clients, and applications will shatter. Twitter will simply stop working for you in the way you’re used to.

    Why?

    Twitter announced a really, really long time ago that on June 30, 2010, they’re ending support for basic HTTP authentication, and requiring that all applications that access Twitter via the API change to OAuth authentication. This is being done for security purposes, to make Twitter more secure and accounts less vulnerable to hijacking.

    How do you know if you’ll be affected?

    Simple. Any application, site, widget, etc. that requires you to type in your Twitter username and password will stop working once Twitter flips the switch. This includes software like popular desktop clients, iPhone apps, and services like TwitPic and many others.

    Any application, site, widget, etc. that requires you to “authorize” an application will continue to work as intended.

    What can you do if you will be affected?

    Plan for a short time to use the Twitter web site until your favorite tools convert over to OAuth if they’re not already on OAuth. Contact the manufacturers of your favorite tools to let them know to switch over to OAuth if they still ask you to type in a username and password today. Find alternatives to your favorites on sites like OneForty.com by searching for applications which specifically use OAuth. If you’re highly dependent on an application or service that uses Basic Authentication and there’s no sign it’ll be ready for the switchover, let your friends and followers know where to find you besides Twitter.

    Ultimately, the switch to OAuth is an important one and a good one, but there will definitely be some pain along the way. Be ready now.


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  • Strengths, weaknesses, tanks, DPS

    Strengths, weaknesses, tanks, DPS

    I asked on Twitter the other day:

    “Assume you can do only one. Do you enhance your strengths or mitigate your weaknesses? Why?”

    The responses were amazing and overwhelming.

    BrianneVillano: @cspenn Enhance strengths so you can excel@something. Otherwise, you are working towards mediocrity.
    bryanrhoads: @cspenn Strengths! analogy – Jordan would always be avg baseball player – his strength is basketball – be the best!
    bryanwp: @cspenn I prefer to mitigate weakness. Its the weakness that can bring you down. Strength can only help you. What about you?
    bryanwp: @cspenn mitigate weakness. The weakness is what can bring you down in a time need. What about you?
    christinainge: @cspenn Enhance strengths-no one is without weaknesses, and many times, they lead to growth, if your strengths are there.
    djwaldow: @cspenn Easy. Enhance strengths. Bigger payoff to be best at something than so-so. I’m a big believer in focusing on what you are good at
    dvautier: @cspenn Mitigate weaknesses. Strengths will shine no matter what, weaknesses are opportunities to learn, change & create a new strength
    EQGal: @cspenn Enhance your Strengths! For me the Gallup research supports what just seems to make sense…the positive way to BE!
    findenlake: @cspenn Weaknesses. It’s all about working from a solid foundation. A weakness can hurt you more than An average attribute.
    hoovers: @jsandford @cspenn Enhance your strengths. But context is key. (I wrote on this here: https://is.gd/cLwj9 (expand) )
    jayjaboneta: @cspenn focus on enhancing my strengths according to Marcus Buckingham.
    jeremymeyers: @tamadear @teresabasich @cspenn but strengthening strengths implies that they’re not yet good enough, no?
    joeshartzer: Stronger strengths make you better. RT @cspenn: Assume you can do only one. Do you enhance your strengths or mitigate your weaknesses? Why?
    jsandford: @cspenn Def. mitigate weaknesses; that doesn’t imply “Jack of All Trades, Master of None”, though. Your strengths will still be just that.
    kimjinwhan: @cspenn I will stronger than before, if I enhence my strength. And it will covers my weakness.
    LeanneStewart: RT @RobHatch: @cspenn Strengths, always strengths. Focus on those for yourself and others, they are the means for addressing weaknesses.
    mckra1g: @cspenn Enhance strengths bc what we focus on expands. Knowledge of our weaknesses *is* a strength FWIW. Most r oblivious to theirs.
    MKMartin: @cspenn Focus on mitigating weaknesses. “The gem cannot be polished without friction, nor man perfected without trials.”
    pammcallister: Strengths. Works better, easier. RT @cspenn Assume you can do only one. Do you enhance your strengths or mitigate your weaknesses? Why?
    RobHatch: @cspenn Strengths, always strengths. Focus on those for yourself and others, they are the means for addressing weaknesses.
    sandrapakosh: @cspenn I build on my strengths… even the lesser ones… while learning lessons.
    smallbizhowto: RT @cspenn: Assume you can do only one. Do you enhance your strengths or mitigate your weaknesses? Why?
    StevenSchlagel: RT @cspenn: Assume you can do only one. Do you enhance your strengths or mitigate your weaknesses? Why?
    tamadear: @cspenn Strengthening strengths almost always mitigates weaknesses by default. The reverse, however, is not often so.
    tamadear: @TeresaBasich @cspenn Strengthening strengths is an action of building. Mitigation is patching and filling holes….
    TeresaBasich: @cspenn Enhance your strengths. Positive focus and effort into what you’re good at helps mitigate weaknesses by default.
    TeresaBasich: @cspenn Interesting observation: Men seem to be about weakness mitigation; women seem to be about focusing on strengths. Biology?

    Here’s the catch: the question is somewhat false, or at the very least has a catch. Let me introduce you to two concepts from World of Warcraft, tanks and DPS. (for the purposes of this discussion, we’ll group healers in with DPS, for those that know the game)

    Screen shot 2010-06-14 at 8.04.55 PM.pngIn the video game, tanks are a type of character that stand in front of packs of monsters and get beaten up so that other players on the team don’t. They protect spellcasters and healers, letting them do their jobs. As a result, tanks have to balance their survivability – a measure of how resilient they are to getting beaten up – and threat, or how much attention they can generate from bad guys, so that the bad guys don’t turn their attention elsewhere.

    In the video game, DPS (damage per second) are a type of character that zap, shoot, burn, freeze, or otherwise cause damage to the bad guys. Their sole job is to kill the bad guys as fast as possible before the tank succumbs to the bad guys.

    When it comes to managing the various attributes of these character archetypes, DPS have it easy. They MUST emphasize their strength – the amount of damage they can do – to the exclusion of nearly everything else. If DPS are bad at what they do, the bad guys will win because the tank will die, and then the bad guys will beat up the DPS and kill them off quickly, spectacularly, and humorously.

    When it comes to managing the various attributes of tanks – that’s a different story. For tanking, you have to balance and mitigate your weaknesses first and foremost because yours is a job of endurance. If your armor is weak, if your gear isn’t up to scratch, you have low stamina, which means you die faster. If your weapons are weak and you don’t know what you’re doing with all the buttons to press, you don’t generate enough threat, and the DPS get eaten first. Whichever is your weakest area is the area you must address first in order to provide maximum survivability to your group. (those who are tanks know all about defense cap, melee hit cap, stamina, avoidance, EH, dodge, parry, block, etc.)

    The answer, to the extent that there is an answer, about whether to emphasize strength or mitigate weakness depends on what you have to do. If you’re in a marketing department and your job is to generate content, then you have a very focused function to perform and everything and anything you can do to make yourself a better content generator will show very quickly. The results you generate will dramatically improve even with just a few small improvements. You’re effectively in a DPS role.

    Suppose, however, you’re in a marketing department and your job is defensive SEO, protecting your web properties from competitors. Suddenly it’s not just about generating content – now you’re mitigating weaknesses in page structure, managing keyword lists, trying to build links, and trying to steal away link juice from competitors. Rather than aggressively go after one small area, you have to mitigate the weakest areas of your SEO strategy first, then slowly build up strength across the board. Too much strength in any one area inherently leaves other areas weak and open to competitors to attack you. You’re effectively in a tanking role.

    Which is best? Neither. Any experienced World of Warcraft player will tell you that a bad tank leads to failure, and bad DPS leads to failure just as easily. They’re symbiotic and collaborative. The toughest part for you as a Warcraft player or business person is knowing which role you’re in and doing it well.


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  • Photo Friday: New York City HDR

    As much as some of my friends who are professional photographers dislike HDR as a gimmick, it’s a fun gimmick, so I do it when I can and when I see the opportunity.

    New York City in HDR

    Click for a larger version

    This is one of my favorite shots of New York City in HDR, not just because it’s dramatic and stormy, but because of the subject matter and timing. If you’re not familiar with New York City, this is one of the major banks that got hit hard in the financial crisis. The photo was taken a little more than a year ago when the market was in flames, so the appearance of HDR-enhanced doom and gloom over a well known financial institution was quite apropos.

    Have a great photo Friday!


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  • Do you own your home city?

    Do you own your home city?

    What do I mean? Let’s say you’re a business. Wherever you’re based, somewhere you are a local business. You might be in Baltimore, Cedar Rapids, Topeka, Portland, San Francisco, Boston, Tokyo, Stockholm, or London. Somewhere, you’re local. Do you own that market?

    If you’re jetting all over the country/world to speak at different conferences, you might want to take a few minutes to check out your own backyard as well. You’d be surprised at what’s available. What shows are at your local convention center? Most major venues even in small cities have a visitor’s bureau that knows what’s happening in town. Are you taking advantages of all those events for exhibiting, sponsoring, and speaking? They’d sure cut down on the wear and tear you subject yourself to on airplanes and hotels, wouldn’t it? (not to mention your wallet)

    How about your customer base? Have you dominated your home city? If not, why not? Unlike your national and global competitors, your prospects are literally a walk, bus, or car ride away. You have the local, home-team advantage when you can show up in person to call on someone rather than rely on a webinar or email. If you’re lucky enough to have branches in multiple cities, do you own those cities? Are the people in those cities out and about visiting customers and prospects, since you don’t need to subject your staff to the TSA just to say hello?

    We overlook the home-team, home-turf advantage precisely because it’s our backyard. We take it for granted. We don’t even see it, walking by the storefronts and offices every day on our shuffle to our own offices. We overlook the power of leaving the office for a few hours because it’s too convenient. “I’ll get around to it, it’s not far away” kills more local business opportunities than you think.

    How many pots of gold are there in your home city that you haven’t found yet?

    home team

    Try this. Go into your LinkedIn network right now and just browse – without any specific focus in mind for prospects or customers – your local geographic area. See what’s in there right now. Go to Twitter search, select Advanced Search, type in your ZIP code and see who’s tweeting within 5, 10, and 50 miles. Go to Facebook and see who’s in the area, who’s a member of the local geographic network. Reach out to those people. Reach out and say hello.

    That’s the first step towards winning the game – recognizing and capitalizing on the home-team advantage.


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  • The almost-free ultimate DIY iPad case video review

    Want to see the almost-free ultimate DIY iPad case? Check out my homemade one in a short three minute video:

    Feel free to copy the idea for your own personal electronics.


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