“There is but one thing in this world that I am determined to have, and that is a business association with Thomas A. Edison. I will burn all bridges behind me and stake my entire future on my ability to get what I want”
2) But Barnes had no invention to his name, no particular skills of use, and couldn’t scrape together the meager amount of money it’d take to pay his rail fare to New Jersey(where Edison lived)
3) He had no money, no guarantee he’d even get to meet the legendary inventor, nothing promising to offer Mr. Edison should he cross paths with him, and absolutely no hint of a reason to believe that Edison would take him on in any capacity.
All Barnes did have was desire🏆
4) Barnes arrived in New Jersey and managed to meet Edison. Upon meeting Barnes, Edison says,
“He stood there before me, looking like an ordinary tramp, but there was something in the expression of his face which conveyed that he was determined to get what he had come after.”
5) Edison says, “I had learned, from years of experience with men, that when a man really desires a thing so deeply that he is willing to stake his entire future on a single turn of the wheel in order to get it, he is sure to win”
And he gave Barnes the opportunity
6) Barnes did not get his partnership with Edison on his first interview.
He did get a chance to work in the Edison offices, at a very nominal wage, doing work that was unimportant to Edison, but most important to Barnes.
7)In doing this irrelevant work, Barnes made a point to showcase his more intangible attributes to Edison any chance he could. His unrelenting mindset was “I came here to go into business with Edison, and I’ll accomplish this end if it takes the remainder of my life.”
8) Months passed and still, Barnes goal went unrealized. But then came an opportunity
Edison had just completed work on a new office device, at the time named the Edison Dictating Machine; later known as the Ediphone.
9) Edison was having trouble getting his salesmen to take on the invention. They thought it’d take just short of a miracle to sell the thing.
10) In this struggle, Barnes saw his opportunity. He believed that he could sell the machine and approached Edison with a plan on how he’d do so. Upon reviewing the strategy, Edison gave him his chance.
11) Barnes took full advantage and went on a roll selling the Ediphone. His success was such that Edison eventually gave him an exclusive contract to distribute and market the device all over the nation!
12) Their association as business partners became so well known, it gave birth to the slogan,
“Made by Edison and installed by Barnes.”
13)The venture made Edwin Barnes lot of money and their partnership lasted 30 years.
“We all have this ability inside us. The big question is whether we wish to go all in for our desire.”
End
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1) I saw few tweets saying that this is the most difficult market ever.
As a trader, we have signed up for these risks & All we can do is be prepared & manage them
Lets have a look at days when markets action was crazier than current times !
2) 18th may 2009
Markets opened at 9:55 AM as this was the market opening time at that time
Nifty immediately hit an 20 % upper circuit at 10.01 am and the markets froze.
So markets were open only for 6 minutes.
3) 24th Aug 2015 (Vega Risk)
On 24th August 2015, the Indian markets declined close to 5.92%.
Nifty around 490 points but something unusual happened on that day.
Far otm Call options shot up inspite of such a huge fall😲
1) @sachin_rt is undoubtedly one of the greatest batsmen of all time & has played several amazing knocks. But one that stands out is his 241* at Sydney. He did not play a single cover drive in the entire innings
2) Look at his stance on the crease. Look at the balance. Perfect. Simply elegant. Looks so pleasing to the eye.
Even @bhogleharsha once said, “When Sachin hits a cover drive, the world seems all the more beautiful.”
3) But in the series against Australia. Sachin had been getting out by trying to drive the ball outside off.
He had scored just 88 runs in the previous three matches and had registered 2 ducks as well. So he decided that he needs to change something to score more runs
We have done this program at many large proprietary trading desks such as Futures First, KIFS Trade Capital, Marwari Shares etc and institutes like IIT-D, IIT-B,IIM-B, NMIMS,JBIMS to name a few.
So we surely have good credibility in the this domain :)