This is part of my Daily Research, it's not related to trading but to my long term overall human being that i'm trying to be.
Thought provoking and simply Fascinating.
Elon Musk might be one of those people who could be a great role model for anyone. First, he founded and developed Paypal which he then sold to eBay. By doing so, he made himself incredibly wealthy when he was in his early 30’s. How many people can do that? But that’s not what distinguishes him.
What’s more impressive is to think about Elon Musk today. He is only 43 years old. He is the CEO of Tesla Motors, Inc., Space-X, and Solar City. All three companies are based on a vision of the future. Tesla and Solar City are based upon a vision of better energy, reducing pollution, and saving the planet. Space-X is built upon a vision of private enterprise building a colony to live on Mars. The last vision really blows my mind that anyone would even consider it, much less start a company with that as the objective.
In my recent 8,000 mile trip in my Tesla, I visited the Tesla Factory in Freemont CA. Most people cannot tour it, but owners are given that option. At one point, we were shown a four story press (I think it exerted 45 tons of pressure) that originally cost some American car company about $60 million. Musk bought it for less than 10% of that but then had the task of getting it from Detroit to California. The company that built the press said they would have to take it apart, move it and reassemble it which they estimated would take about a year. That was unacceptable to Musk so he had his own people do it in about 3 months. Now think about the decision making and know-how that goes into accomplishing that feat. How does someone who founded a finance company handle that? But he did.
What does a solar company, or a state-of-the-art auto company, have to do with a privately owned space exploration company? Think of the kind of money that it will probably take to put a human on Mars, much less built a colony! And where does that money come from? How many trillions of dollars did our government spend to put a few men on the moon, which is much closer? Yet Musk has said that when he has the Model 3 in full production he will probably step down as the CEO of Tesla motors and devote most of his time to the Mars project.
So how do you explain a man like Elon Musk? What separates him from the rest of us? Imagine his vision and his ability to get things done. And when you think about that, you begin to get into what’s important in Self-Actualization Psychology. Self-Actualization psychology is very important to us at the Van Tharp Institute. Our goal isn’t to fix broken people but to take exceptional people, give them a road map, and show them what they really can do. Imagine the impact on the world if we could unleash several more Elon Musks.
In the 1950’s, a young college student named Abraham Maslow noted that two of his professors could not be explained by anything he’d learned in psychology. They were not driven by the needs most people seem to have. Maslow basically began the Human Potential Movement in order to understand these sorts of people. He wanted to understand people who really excel rather than try to understand abnormal, neurotic people, which was the focus of psychology at that time.
Maslow developed what he called a Self-Actualization Pyramid that’s shown in the figure below. The basic need for all humans, shown at the bottom of the pyramid, is survival. You need air, clothing, shelter, sleep, food, and water. And when you have those needs met, you can stop thinking about them and move up to the next level.
The next level of need is social. It’s the need for love, intimacy, friendship and companionship. You want to feel valued by others.
Lastly, is the need to feel good about your self — to have self-esteem. Here you want the respect of others, confidence in what you do, and have achievement.
None of these levels, however, explain Elon Musk. He’s accomplished so much the first decade and a half of his adulthood — way more than even most multi-millionaires accomplish in a lifetime. At this point, he’s a billionaire - but he keeps going. Why?
Furthermore, Musk is working to accomplish things that most people would think were impossible. For example, even five years ago, I could not imagine the existence of the Tesla P85D I now own, much less driving it 8000 miles across the country. But I did and it’s all possible because of Elon Musk.
Maslow calls the first four levels on the pyramid D-needs which stands for deficiency need. Once a D-need has been satisfied, the motivation for it goes away — it might be called purposeful. Beyond the D-needs, however, Maslow discovered another type of motivation — Self Actualization. This is what Maslow would call a “BE” need or an expressive need where you are not trying to get anything.
As shown in the figure, the need for self-actualization involves morality, creativity, spontaneity, problem solving, and the acceptance of “what is.” These needs express what’s inside of you and they never go away. They are what happens when your consciousness moves above a certain level. Self-actualization happens when you awaken to your inner world and reflect that in the outer world.
When you satisfy a BE-need, you get more expansive. The more that awake or self-actualized people satisfy their BE-needs, the more they have. They just seem to expand internally. And this is the essence of real abundance. Real wealth comes from inside.
I’m seeing this now in the Super Trader program. Super Trader 1 is designed to awaken people. To help them become happy for no reason and to find their purpose. And once they have this (which is real wealth) then they can express themselves through trading or whatever they want.
Let me give you my own example of this. Sometimes I hear people comment that if Dr. Tharp knows so much about trading why doesn’t he just trade? So notice the assumptions here. It assumes that the be-all-and-end-all of life is money. Get a lot of money and that’s all that’s important. Make the Forbes 400 list or be #1 on the list.
Well, I’m very well-off. I certainly have enough money and if that’s all that was important to me, I’d retire tomorrow. Why would I want to keep working? Some of you might say for more money, but what’s the point?
Instead, I’m motivated by a vision and a purpose. Our company’s mission is “Transformation through a Trading Metaphor.” And what really excites me is when I hear over and over again … “You have changed my life, Dr. Tharp, thank you so much.” And I think it’s what drives every member of my staff. They all are extremely gratified by the comments that we continually get of this nature. It drives us. Furthermore, we don’t stop when we hear it once; we want to share it with more and more people.
When people have D-needs, they want therapy and hypnosis or a magic cure. A number of our clients are at this level. They can’t understand why they can’t pull the trigger, make enough money, or find a system that fits them. They want a great trading system that will make them a ton of money right now. And if this seems to describe you, just notice it, realize that it is. It’s okay to be there, but you probably won’t find a Holy Grail system to make you a ton of money.
Do you want to know a secret about the Holy Grail? It is inside you. You have an internal map that helps you navigate in the world. The map is not the territory. The map will never be the territory. But for people on that level, it’s important to help them understand that they have all the resources that they will ever need and that those resources come from giving themselves more options with their internal maps.
Let me give you a simple example of this kind of change in one’s internal map:
You come into trading wanting to be right and not willing to tolerate losses. If, however, you transform your internal map and understand the importance of reward-to-risk, then you realize that you can be wrong 7 times out of ten (each a -1R loss) and still make money if your wins are +3R or bigger. For example, the net result of those trades is +2R ((7x-1R) + (3x+3R)). If each of the winning trades, however, happened to generate +10R, then the net gain becomes +23R. So you can see how a simple change in your internal map can change everything. In both cases you make money yet are wrong 70% of the time.
When you make enough of these kinds of changes, then you start to move up the hierarchy of needs and at some point you become happy for no reason. You realize that abundance comes from inside. This sort of person has the potential, especially if it is achieved early, to be another Elon Musk.
Perhaps you now understand why we focus on psychology and transformation. Also, if you ever wondered why we have Super Trader 1 (psychology) and then Super Trader 2 (application), you might see why now as well.
Self-actualizations actually involves two processes — 1) making rich internal maps with lots of meaning and 2) translating those maps into action. But that’s another story.
Being a commercial member ( something that i don't like to be because i have nothing to sell ) give me a privilege to post anything even if it promote some third party commercial materials, in this case Dr. Van Tharp Books and Seminars, so excuse me for doing that its just part of the article, its not intentional and i'm not in any way affiliated with this vendor.
Best,
B.R.
Thought provoking and simply Fascinating.
Understanding Your Motivation
by Van K. Tharp, Ph.D.
View on-line to resolve formatting problems
Elon Musk might be one of those people who could be a great role model for anyone. First, he founded and developed Paypal which he then sold to eBay. By doing so, he made himself incredibly wealthy when he was in his early 30’s. How many people can do that? But that’s not what distinguishes him.
What’s more impressive is to think about Elon Musk today. He is only 43 years old. He is the CEO of Tesla Motors, Inc., Space-X, and Solar City. All three companies are based on a vision of the future. Tesla and Solar City are based upon a vision of better energy, reducing pollution, and saving the planet. Space-X is built upon a vision of private enterprise building a colony to live on Mars. The last vision really blows my mind that anyone would even consider it, much less start a company with that as the objective.
In my recent 8,000 mile trip in my Tesla, I visited the Tesla Factory in Freemont CA. Most people cannot tour it, but owners are given that option. At one point, we were shown a four story press (I think it exerted 45 tons of pressure) that originally cost some American car company about $60 million. Musk bought it for less than 10% of that but then had the task of getting it from Detroit to California. The company that built the press said they would have to take it apart, move it and reassemble it which they estimated would take about a year. That was unacceptable to Musk so he had his own people do it in about 3 months. Now think about the decision making and know-how that goes into accomplishing that feat. How does someone who founded a finance company handle that? But he did.
What does a solar company, or a state-of-the-art auto company, have to do with a privately owned space exploration company? Think of the kind of money that it will probably take to put a human on Mars, much less built a colony! And where does that money come from? How many trillions of dollars did our government spend to put a few men on the moon, which is much closer? Yet Musk has said that when he has the Model 3 in full production he will probably step down as the CEO of Tesla motors and devote most of his time to the Mars project.
So how do you explain a man like Elon Musk? What separates him from the rest of us? Imagine his vision and his ability to get things done. And when you think about that, you begin to get into what’s important in Self-Actualization Psychology. Self-Actualization psychology is very important to us at the Van Tharp Institute. Our goal isn’t to fix broken people but to take exceptional people, give them a road map, and show them what they really can do. Imagine the impact on the world if we could unleash several more Elon Musks.
In the 1950’s, a young college student named Abraham Maslow noted that two of his professors could not be explained by anything he’d learned in psychology. They were not driven by the needs most people seem to have. Maslow basically began the Human Potential Movement in order to understand these sorts of people. He wanted to understand people who really excel rather than try to understand abnormal, neurotic people, which was the focus of psychology at that time.
Maslow developed what he called a Self-Actualization Pyramid that’s shown in the figure below. The basic need for all humans, shown at the bottom of the pyramid, is survival. You need air, clothing, shelter, sleep, food, and water. And when you have those needs met, you can stop thinking about them and move up to the next level.
https://ci5.googleusercontent.com/pr...739-chart1.jpg
The second level of need for Maslow is security. Here you are concerned about safety from the elements, from predators, from other humans, etc. for yourself, for your family and for your property. The need for safety will predominate your life if you don’t have it as is the case in many war torn countries around the world. Once you have it, however, you stop thinking about it and move on up the scale.The next level of need is social. It’s the need for love, intimacy, friendship and companionship. You want to feel valued by others.
Lastly, is the need to feel good about your self — to have self-esteem. Here you want the respect of others, confidence in what you do, and have achievement.
None of these levels, however, explain Elon Musk. He’s accomplished so much the first decade and a half of his adulthood — way more than even most multi-millionaires accomplish in a lifetime. At this point, he’s a billionaire - but he keeps going. Why?
Furthermore, Musk is working to accomplish things that most people would think were impossible. For example, even five years ago, I could not imagine the existence of the Tesla P85D I now own, much less driving it 8000 miles across the country. But I did and it’s all possible because of Elon Musk.
Maslow calls the first four levels on the pyramid D-needs which stands for deficiency need. Once a D-need has been satisfied, the motivation for it goes away — it might be called purposeful. Beyond the D-needs, however, Maslow discovered another type of motivation — Self Actualization. This is what Maslow would call a “BE” need or an expressive need where you are not trying to get anything.
As shown in the figure, the need for self-actualization involves morality, creativity, spontaneity, problem solving, and the acceptance of “what is.” These needs express what’s inside of you and they never go away. They are what happens when your consciousness moves above a certain level. Self-actualization happens when you awaken to your inner world and reflect that in the outer world.
When you satisfy a BE-need, you get more expansive. The more that awake or self-actualized people satisfy their BE-needs, the more they have. They just seem to expand internally. And this is the essence of real abundance. Real wealth comes from inside.
I’m seeing this now in the Super Trader program. Super Trader 1 is designed to awaken people. To help them become happy for no reason and to find their purpose. And once they have this (which is real wealth) then they can express themselves through trading or whatever they want.
Let me give you my own example of this. Sometimes I hear people comment that if Dr. Tharp knows so much about trading why doesn’t he just trade? So notice the assumptions here. It assumes that the be-all-and-end-all of life is money. Get a lot of money and that’s all that’s important. Make the Forbes 400 list or be #1 on the list.
Well, I’m very well-off. I certainly have enough money and if that’s all that was important to me, I’d retire tomorrow. Why would I want to keep working? Some of you might say for more money, but what’s the point?
Instead, I’m motivated by a vision and a purpose. Our company’s mission is “Transformation through a Trading Metaphor.” And what really excites me is when I hear over and over again … “You have changed my life, Dr. Tharp, thank you so much.” And I think it’s what drives every member of my staff. They all are extremely gratified by the comments that we continually get of this nature. It drives us. Furthermore, we don’t stop when we hear it once; we want to share it with more and more people.
When people have D-needs, they want therapy and hypnosis or a magic cure. A number of our clients are at this level. They can’t understand why they can’t pull the trigger, make enough money, or find a system that fits them. They want a great trading system that will make them a ton of money right now. And if this seems to describe you, just notice it, realize that it is. It’s okay to be there, but you probably won’t find a Holy Grail system to make you a ton of money.
Do you want to know a secret about the Holy Grail? It is inside you. You have an internal map that helps you navigate in the world. The map is not the territory. The map will never be the territory. But for people on that level, it’s important to help them understand that they have all the resources that they will ever need and that those resources come from giving themselves more options with their internal maps.
Let me give you a simple example of this kind of change in one’s internal map:
You come into trading wanting to be right and not willing to tolerate losses. If, however, you transform your internal map and understand the importance of reward-to-risk, then you realize that you can be wrong 7 times out of ten (each a -1R loss) and still make money if your wins are +3R or bigger. For example, the net result of those trades is +2R ((7x-1R) + (3x+3R)). If each of the winning trades, however, happened to generate +10R, then the net gain becomes +23R. So you can see how a simple change in your internal map can change everything. In both cases you make money yet are wrong 70% of the time.
When you make enough of these kinds of changes, then you start to move up the hierarchy of needs and at some point you become happy for no reason. You realize that abundance comes from inside. This sort of person has the potential, especially if it is achieved early, to be another Elon Musk.
Perhaps you now understand why we focus on psychology and transformation. Also, if you ever wondered why we have Super Trader 1 (psychology) and then Super Trader 2 (application), you might see why now as well.
Self-actualizations actually involves two processes — 1) making rich internal maps with lots of meaning and 2) translating those maps into action. But that’s another story.
Being a commercial member ( something that i don't like to be because i have nothing to sell ) give me a privilege to post anything even if it promote some third party commercial materials, in this case Dr. Van Tharp Books and Seminars, so excuse me for doing that its just part of the article, its not intentional and i'm not in any way affiliated with this vendor.
Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
