Friday, November 13, 2020

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Fashion Is Set for an M&A Frenzy in 2021

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[Daily article] November 14: Project Excalibur

Project Excalibur was an American Cold War–era research program to
develop nuclear-device-powered, space-based X-ray lasers as a ballistic
missile defense. X-ray lasers were conceived in the 1970s by George
Chapline Jr. (pictured with George Maenchen) and further developed by
Peter L. Hagelstein, both working at Lawrence Livermore National
Laboratory under Edward Teller. After a promising test, Teller discussed
the proposal in 1981 with US president Ronald Reagan, who in 1983
incorporated it in his Strategic Defense Initiative. Further underground
nuclear tests suggested progress was being made. Reagan refused to
abandon the technology at the 1986 Reykjavík Summit arms-control talks,
even after a critical test demonstrated it was not working as expected.
Researchers at Livermore and Los Alamos began to raise concerns about
test results, and the infighting became public. In 1988 the program
budget was cut dramatically, after additional problems were revealed.

Read more: <https://en.wikipedia.org/wiki/Project_Excalibur>

_______________________________
Today's selected anniversaries:

1970:

Southern Airways Flight 932, chartered by the Marshall
University football team, crashed into a hill near Ceredo, West
Virginia, killing all 75 people on board.
<https://en.wikipedia.org/wiki/Southern_Airways_Flight_932>

1990:

Music producer Frank Farian admitted that the German R&B; duo
Milli Vanilli did not sing the vocals on their album Girl You Know It's
True.
<https://en.wikipedia.org/wiki/Milli_Vanilli>

2010:

Red Bull Racing's Sebastian Vettel won the Drivers'
Championship after winning the final race of the season, becoming the
youngest Formula One champion.
<https://en.wikipedia.org/wiki/Sebastian_Vettel>

_____________________________
Wiktionary's word of the day:

pandect:
1. (Ancient Rome, law, historical) Usually in the plural form Pandects:
a compendium or digest of writings on Roman law divided in 50 books,
compiled in the 6th century C.E. by order of the Eastern Roman emperor
Justinian I (c. 482–565).
2. (by extension, rare) Also in the plural form pandects: a
comprehensive collection of laws; specifically, the whole body of law of
a country; a legal code.
3. (by extension, also figurative) A treatise or similar work that is
comprehensive as to a particular topic; specifically (Christianity) a
manuscript of the entire Bible.
<https://en.wiktionary.org/wiki/pandect>

___________________________
Wikiquote quote of the day:

  We are, the great spiritual writers insist, most fully ourselves
when we give ourselves away, and it is egotism that holds us back from
that transcendent experience that has been called God, Nirvana, Brahman,
or the Tao. What I now realize, from my study of the different
religious traditions, is that a disciplined attempt to go beyond the ego
brings about a state of ecstasy. Indeed, it is in itself ekstasis.
Theologians in all the great faiths have devised all kinds of myths to
show that this type of kenosis, or self-emptying, is found in the life
of God itself. They do not do this because it sounds edifying, but
because this is the way that human nature seems to work. We are most
creative and sense other possibilities that transcend our ordinary
experience when we leave ourselves behind.  
--Karen Armstrong
<https://en.wikiquote.org/wiki/Karen_Armstrong>

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Michael Jordan and the inevitability of your success

In today's book of the day, "When Nothing Else Matters: Michael Jordan's Last Comeback", the author says Michael Jordan, “Invented himself out of fantasies. Not as delusions but prelude, visions to be realized, destiny at the end of the lane.”

You have to believe in the inevitability of your success.


Of your life.

Dreams.

Aspirations.

It's that simple.

Most people operate out of either negativity or on the flip side out of delusion.

You should avoid both.

With Michael Jordan: "[Everything] derived from his sense of fate, the conviction that good things were meant to happen to him on a court, a gift unaffected by his struggles in a game."

You should operate out of faith.

See your future before anyone else.

There are 3 ways to get to a place of 'inevitability':

1. Has to be earned: Avoid the delusion which whispers in your ear that your success is guaranteed. It isn't. It only becomes inevitable when mixed with effort. Michael Jordan put in more hours than anyone - he was the first in the gym and the last to go home. No effort? Then no inevitability. You have to outwork everyone else. Then the inevitability is earned.

2. Comes from massive experimentation: There is this one story where Michael Jordan is getting old (He was 40 which is ancient in professional basketball), and a younger teammate, Rip Hamilton, challenged him to a bet on shooting half court shots (47 feet from the goal - that's far - try it sometime):

"[Jordan] struggled with the half-court distance while expressing ever more confidence that the contest would soon turn, making this sound like fate: 'Feelin’ good—oooh, almost, there it is,
startin’ to feel it, oooh, feelin’ it.'

Three more Jordan shots went wide, and the swishing Hamilton tacked on a couple hundred dollars more.

Jordan began improvising, seemingly compensating for his wrist’s tendinitis, adjusting his form, finally settling on a one-legged set shot that look borrowed from the ’50s and Bob Cousy, his left foot on the floor, his right knee lifted and bent.

He gave the ball one bounce, did a little hop, got a hip into the shot and flicked it, effortlessly. Finally, he started finding his range—“oooooh, oooooh, oooooh”—hitting 8 of his last 13 mid-court shots to win more than $1,000...

Jordan won because he didn't just have confidence and faith.He tweaked his technique.

Don't fall in love with your current methods.

3. Don't be phased by disappointment: The author says about Jordan, "He knew that basketball was an aggregation of disappointments. What distinguished Jordan from mortals by then was less his talent than his refusal to back off on a bad night: He didn’t cower like beaten prey and disappear in the midst of a 3–15, not even with a throbbing knee. The doctor who knew him best thought it explained why Jordan had been uniformly great during his career’s most formidable challenges. 'Michael always thinks that the next shot he’s putting up is the one going in; he’s always saying to teammates, ‘Keep putting it up, keep putting it up,’ Heffero n observed. 'His belief is absolute, no matter how he’s feeling physically'.”

Your life is like a game.

I've always liked that metaphor.

Put in the work.

But don't beat your head against the wall if your current methodology is not working. Tweak your approach. In the 67 Steps I talk about "How To Get Over The Wall Of Life. Go back and listen to the tools to getting over the walls and obstacles in your life.

Let the disappointments slide off your back.

Go forward and forget.

Like the great Pulitzer Prize winner, Erich Remarque, wrote: “To forget is the secret of eternal youth. One grows old only through memory. There's much too little forgetting."

Live the inevitability...

Stay Strong,
Tai

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