Tamela Rich

Book Tour: SoCal to Seattle

After a great book debut at Dilworth Billiards in North Carolina 12/8, I jumped on a flight the next morning for the West Coast to promote “Live Full Throttle” in cities where the International Motorcycle Show is touring.

Long Beach

Southern California was my first stop, and the show in Long Beach is one of the largest on the tour because so many companies have a presence in SoCal.

In addition to signing books and finding distributors for it, I met social media friends for the first time in real life (including moto-journalist Adam Mercado, aka @LeanAngles) shown here.

I saw several marvelous bikes in the “Dream Pavilion”including the Moto Guzzi v7 Racer, which made me swoon a little. I love the looks of a classic bike and of course the Italians are wonderful designers. My friend Neale Bayly, a moto-journalist, tells me it’s a sweet ride too.

 

 

 

 

Friday night I signed books at Yellow Devil Gear Exchange just a mile from the show. Yellow Devil has a terrific concept–a motorcycle swap and consignment shop with some brand new merchandise sprinkled in for good measure. You can find everything from helmets to racing suits and vintage “motorabelia” like  posters and key chains.

San Francisco

After a quick flight up the coast Sunday night, I spent Monday with photographer Christina Shook, who collaborated with me on Live Full Throttle. We brainstormed book marketing while getting pedicures in Orinda (eat your heart out corporate marketing drones in your gopher cubes!).  Later that night, over bowls of chili with friends, I rehearsed my book tour presentation. Thanks to their feedback and suggestions, the reception it got in Portland and Seattle at the end of the week was unanimously positive.

Motorcycle Gear Shopping

In an effort to improve my “big city” commuter skills I took BART (the train) from Christina’s to San Francisco’s Mission District, where I ate breakfast at the terribly-named but deliciously-stocked Pork Store with my friend Joanne Donn (aka @GearChic). Fortunately I didn’t have to make any transfers in my commutes. A lesson for another day.

Joanne then helped me find new Rev’It motorcycle pants at Scuderia West, also in the Mission District. What a treat, having a personal shopper! She knew which brands offer the functionality I need in cuts for my “American” proportions and emphasized the importance of proper fit. It  hadn’t really occurred to me how dangerous my now-baggy gear had become (I’ve lost weight since I bought the gear in 2010), but skid pads slide away from the areas you want to protect when baggy gear meets the pavement. Ouch.

Marin County Cancer Institute

The next day was spent with friends across the bay in Novato, who took me to the Marin County Cancer Insitute, where one of them is being treated for breast cancer. I learned that Marin County is a breast cancer “hot spot,”  which means the incidence of breast cancer per capita is extremely high.

After touring the Institute, I met Cancer Resource Specialist Diane Brandon (pictured right), who enthusiastically placed a copy of “Live Full Throttle” in the resource center and introduced me to the gift shop team, recommending the book for sale there.   I fully expect to see the book in the gift shop soon!

Portland

Another quick flight brought me to Portland, where I signed books at Latus Motors, a Harley-Davidson dealership. My dear friend Nadine, who put me up at her farm and arranged the signing with Latus, ordered cupcakes with pink frosting ribbons from Safeway and we were both surprised when she picked up this cupcake cake instead. I’ve never seen so much frosting in my life!

Latus has a strong community of riders and in spite of rain and cold the week before Christmas, about 20 of them turned out to hear me talk about the Conga rides I’ve taken over the last two summers and the story behind “Live Full Throttle.” As with Long Beach, many of them were social media friends that I was happy to hug in the flesh.

New Friends Facing Cancer

In the middle of my talk, one woman dashed in with fresh news that a neighbor had just that day been diagnosed with cancer and asked me to quickly sign a book so that she could take it to him.

As often happens, one woman bought two books, one for herself and another for her sister.  She had breast cancer a few years ago and her sister has a recent diagnosis.

An oncology nurse, whose father has cancer, surprised herself by crying during my talk. She thanked me for putting her in touch with feelings that her profession has caused her to sometimes repress.

On an upbeat note, I also met a wish grantor for “Make A Wish”  and learned about the training and screening processes she went through to make wishes come true for children with life-threatening illnesses.

I’m grateful for the people and stories that keep coming into and blessing my life. As I’ve said before, motorcycling brought me to the cancer community quite unexpectedly.  I’m here for a reason that is not clear to me just yet, and trust that I can be a channel for good as I continue walking this path.

Seattle

I love traveling by train, so I was delighted to learn that for $51 I could travel from Portland to Seattle on Amtrak’s Cascades line. Here’s a picture from the dining car.

Continuing my big-city commuter education, I jumped on a city bus instead of renting a car or hiring a cab to get to the apartment I had rented in the Lakeside area of Seattle. I find mass transportation to be sooooo convenient (and cheap). I wish my city, Charlotte, had a more complete system. We have a meager bus service and a tiny line of light rail. That’s it. I digress.

Speaking at the International Motorcycle Show

Saturday morning I opened the show with a talk on recommendations  for newbie riders. After all, three months after I passed my licensing course last year I set off on a coast-to-coast journey, and repeated it this year, returning unschathed both times.

Since these trips involved fundraising with my Conga friends, I talked about traveling with a pink bra strapped across my bike’s windshield and gave some of the back story of “Live Full Throttle.” One of the women in the audience burst into tears when I told this story, then returned several minutes later to finish hearing what I had to say. Since she didn’t approach me, I am unsure what provoked her tears, but I bet was related to cancer.

Later that day I signed books at Ride West, a top-drawer BMW Dealership in Seattle. My Conga sis, Karen, joined me there and we horsed around on the bikes and talked to riders about don’t-miss routes in the NorthWest. Honestly, if you can’t be ON your motorcycle, the next best thing is to be at a motorcycle shop mixing it up with fellow riders!

Touring Seattle

Karen stayed with me through Monday, and as a Seattle native, took me to all the great spots in the city, including Pike Street Market. Note the two passing ferries in Elliott Bay, which I shot from Queen Anne’s Hill.

Seattle is a vibrant city and I have a little list of things to do next time I return, but I couldn’t live anywhere with so little direct sunlight. I had formed the idea that it rains a lot there, but was mistaken. However, the topography snags clouds, which both blocks sunlight and traps moisture. Karen tells me that the locals call it a “sunbreak” when the sun breaks through the clouds. No wonder they like strong coffee.

Seattle Cancer Care Alliance

visitors can sign a book, write a prayer, make a wish, read, meditate, etc hereMonday we toured the Seattle Cancer Care Alliance (SCCA), where Karen is a patient (and whose doctor LOVES “Live Full Throttle”).

The SCCA’s patient areas are situated with lovely views of Elliott Bay through floor-to-ceiling windows. Eclectic art adorns the walls and corridors.  I particularly enjoyed stepping into the little sanctuary, where visitors can sit on meditation cushions or chairs as they contemplate books and mementos from the world’s religions. Here’s a snapshot of the focal point. Note the kid-sized table and chairs below the adult-sized versions. After all, cancer affects people of all ages.

SCCA is a beautiful place and serves the only hospital food that I’ve ever truly enjoyed. Why do hospitals serve gray, greasy, over-processed and otherwise unhealth food, anyway? Another digression.

After speaking with the managers of the book and gift stores at SCCA, it looks like I’ll be back in Seattle in March for a book signing event. I may try to combine it with a visit to the EuroMoto show in nearby Lynnwood.

So this is how I combine motorcycling, writing, and humanitarianism. I am a truly fortunate woman.

Please tell me if you would like to host a speaking and signing event or if you know someone else who would. The rest of the IMS tour cities are listed here but I’m not limited to signing only in those cities.

West Coast Book Tour Schedule, December 2011

Thanks to everyone who came out to Live Full Throttle’s debut at Dilworth Billiards. Great pictures here by my friend Terry Pittman.

The next morning I jumped on a plane for my West Coast tour. Please find me and introduce yourself!

Friday, December 9, Yellow Devil Gear Exchange signing books from 6-8

Saturday and Sunday, December 10-11 International Motorcycle Show (IMS), Long Beach with the WRAPTER booth

Thursday, December 15, Latus Motors  4:00-6:00 pm (870 E. Berkeley St., Gladson, OR) (Portland area)

Saturday, December 17, IMS Seattle 10:30 am  (Convention Center)

Saturday, December 17 at Ride West BMW 2:00-4:00pm  (8100 Lake City Way NE, Seattle, WA)

Self-Publishing: Book Prototype for Publicity and Advance Sales

So far we’ve talked about the need to hire a book designer and editor. I took the step of developing a prototype for Live Full Throttle: Life Lessons From Friends Who Faced Cancer.  Mine is in a PDF and included the cover, introduction and first chapter, but you could include less. You’ll see that I used the Flash capabilities of Scribd to embed it here.

Intro and First Chapter of Live Full Throttle: Life Lessons From Friends Who Faced Cancer

Nine ways to use your book prototype

  • Send it to possible reviewers to see if they’d like to provide a blurb
  • Include a link to it in your social-media and traditional press releases
  • Query with it for interviews with podcasters, bloggers, radio, TV and other media
  • Post it on your social media outlets to build buzz (including LinkedIn). While we’re talking about social media, listing it on Scribd will help it gain a wider audience and Scribd provides great statistics on readcasts.
  • Get your book listed in catalogs by the time it’s in print. For example, there are motorcycle accessories companies that carry books and I’m using prototype to go through their screening process before they’ll  include it in their inventories
  • Want to speak at a conference?  Most will ask if you’ve published a book. Send a link to the prototype with your speaker/panelist proposal
  • Going on tour? Send it to interested groups to get on their calendar by the time the book is back from the printer
  • Send it to professional magazines/journals for possible syndication
  • Use it to generate advance sales (speaking of which, you can do that today!)

Lessons from the Road

Helmet time often produces deep thought. On my motorcycle for 40 days this summer, I had a lot of helmet time. Among other things, I pondered relationships, physics, environmental economics, disease, mortality and the direction I want to take my life.

Fear as a motivator

I thought about the role of fear in our lives and how it seems to motivate people more than anything else. Americans seem to particularly fear failure.  Surrounded by crumbling institutions, people are living their lives as if there’s no margin for error.

I almost took my life after a business that I owned failed and took down family and friends financially. A lot of people can relate to that experience, sadly. I’ve drained the dregs of failure’s cup and have decided to move onto a different beverage.

During my 9559 miles of summer I thought about my life’s lessons and how easily I could contextualize them with motorcycling metaphors. Helmet time has that effect on me. Here’s a start:

  • Lean in, lean out: Techniques used to control the motorcycle also apply to life
  • Everything wobbles:  But a wobble doesn’t inevitably lead to a spill
  • Blind corners abound: Ride your best ride and take uncertainty as it comes
  • Exploit the detours: They’re usually providential
  • Embrace the switchbacks: The safest way to the mountaintop isn’t the shortest

Taking those lessons on the road

People are fascinated by motorcycle travel, especially when undertaken by someone who breaks their stereotypes of who’s a biker. In the last year I’ve been asked to speak to business and community groups and been interviewed for newspapers, radio and television. Thanks to helmet time I’ve decided to reach out with the lessons I’ve learned in a more proactive manner, through a book, keynotes and presentations. Here’s who I’m reaching out to:

  • Teams getting together to review results or chart a new direction will frame the wobbles, detours and blind corners of the past while mapping a series of switchbacks to the top
  • Groups concerned with personal growth will glean takeaways for how to better lean in or out as they navigate through detours, blind corners and switchbacks
  • Organizations kicking off a new initiative will accept that wobbles, detours and blind corners are an inevitable part of the journey and that there is no straight path to the pinnacle — only switchbacks
I look forward to meeting you in person or an audience in the near future. Namaste.

In Search of a Sugar Daddy Publisher

When I talk to prospective authors about their publishing plans very few know what they’re up against trying to get a traditional publisher to fund their project. That’s how you should think of it — funding the project.

Before an aspiring author settles into a daydream of how to spend all that advance money and how lavish her book launch party will be, she needs a dose of reality on the  economics of publishing from the publisher’s perspective.

A Fantasy Scenario

A publisher takes care of several things, pre-press activities, printing and distribution. Promoting the book is almost always the author’s responsibility.

Printing Press by Digitalholgi on Flickr

Pre-press costs

Let’s engage in fantasy and say the book is so well written it only needs copy editing before it’s ready to be designed and sent off to the printer — that’s a quantum leap but we’ll take it.

A quick search through self-publishing price charts gives you a sense of cost to get the book to the printer, including covers, page setup, copy editing ISBN number, bar code, etc.  Let’s pretend $4000 is a reasonable estimate to get the book ready to go to the printer.

Printing costs

The cost to print each book is a volume game. Createspace has a handy calculator that shows your cost at about $2200 for a run of 1000 softcover copies of your 100-page book.  Sure, you can get printing at better prices, but this is close enough for Fantasy Land.

So far, without your publisher paying you anything for the time and effort to write the book (much less the cost to pay someone to write it for you), you’re looking at $6200 to produce 1000 books including pre-press and printing.

Distribution costs

Distribution is a hefty expense.  The distributor will charge $500 to establish an account for your book, plus a monthly fee and storage charge for warehousing your book. Then, they’ll take a chunk out of the retail price of each book to handle shipping, selling it to retailers, collecting money, etc.

When you add distribution charges, you’ve got an $8000 project for sure WITHOUT paying anything to promote it. Can you move 1000 books to your network without a promotions budget?

An easier way to make a living

Selling 1000 books means your publisher will have to price the book at $20 to make $12,000 gross. Because this is a fantasy, let’s say you took no advance to write the book and negotiated 30% royalty on sales. Congratulations, you and your publisher just scored $6000 each.

Let’s be honest, there’s an easier way to make a living.

You say you want an advance to write your book?  Even just a trifle? Let’s do the math with a $10,000 advance and the same 1000 book run.  Do you know 1000 people who are going to pay $30 for your book?  Hold on before you answer. Mark Twain’s 760-page autobiography was priced at $34.95 retail.  Oh well, since we’re in fantasy land let’s say you sell all 1000 copies at $30.  Your lucky publisher can hope to make $12,000 and you’re not going to make any royalties on top of the advance.

Yep, there are lots of easier ways to make a living for both you AND the publisher.

Are you writing a book to make a profit or to meet some other goal(s)?

Skinny profits mean the publisher’s’ most important concern is the author’s ability to SELL the book. The business professionals I work with can usually sell 1000 books to their built-in audience, more if they can sell them at speaking engagements, but even small publishers will need to sell more than 1000 books to make it worth their while.

Of course profiting on the sale of your books isn’t the only reason to write them. This post will help you think through your goals.

Bottom line for aspiring business authors:  self-publishing is probably going to be more profitable, provided you can FUND THE PROJECT. If you need help with funding, you could always sell “shares” in the book or sell advertising or licensing rights. There are several creative ways to fund it without involving a publisher.

Case Study: My Social Media Road Trip

I had the opportunity to debrief the Business Sorority of NC on the vital role that social media played in my 2010 road trip. I used Twitter, Facebook Pages, Vimeo, Flickr, and my travel blog to:

  • raise money for my expenses and  the National Breast Cancer Foundation
  • get news stories in four states during my trip and hours of local coverage
  • find co-riders throughout my trip
  • earn sponsorships from Caribou Coffee, AAA and BMW

I asked how many of the Business Sorority members used the same tools for their businesses and was surprised how many used Facebook and how few used a blog; here’s the final tally:

  • Twitter used by 10%
  • Facebook Pages used by 90%
  • Video by 5%
  • Photos  by 0%
  • Blog by 30%

The most important social media tool

In the Q&A one woman asked which I felt was the MOST useful/important of these applications.  I answered using the Swiss Army Knife example — in social media you’ll use a couple of the tools more than the others, but when you really need that tooth pick/Tweet, you really need it.

For example, when I reached Bend, Oregon (my westernmost destination) I wanted my hometown NBC affiliate to take the feed from the Oregon station and run it in the Charlotte market so I tweeted asking if anyone had a connection to WCNC. Sure enough! While WCNC didn’t get the feed from Oregon, they did three times more than that: they covered my arrival home, featured a live interview with me on their morning show and used footage from my arrival and interviews in a feature story about women motorcyclists.

YEAH, that’s the power of  the right tool at the time!

Start with a blog and Facebook page

While YMMV (your mileage may vary) from project to project, I think you’re best served to start with a combination of  a blog and Facebook (FB). The blog is your hub and the only asset you truly own. Any of the free online apps can change their terms of service on a moment’s notice, making you vulnerable to losing data or functionality at best and money at worst.  For the 90% of Business Sorority members using FB, for example, I asked what would happen if FB decided it was only going to keep the last 3 months of updates?  There is no satisfactory answer to the question if you don’t have a blog.

Why Facebook over Twitter? Notwithstanding my success with Twitter, if you’re a beginning social media user, it’s easier to use and a critical mass of most everyone’s friends and business associates are already using it. The key is to place content in your blog FIRST and then link to it from your FB page. That’s not to say you shouldn’t upload videos or pictures to FB, just store them on your blog for safekeeping.

The versatile  blog

I use a WordPress theme on my own url (not the free one on the WordPress site). Unlike FB or Twitter, a blog lets me write posts of unlimited length  and insert multiple graphics, videos and sound files in each. Facebook allows you to embed ONE thing and with Twitter you can only insert links.  I drive traffic to my blog using all the other apps but also send traffic out to those apps via widgets.  Take a look at my home page for example, where you can follow my tweets, watch my recent Vimeo videos and connect to my other social media outlets.

If you want to know more, reach out to me or Andy Ciordia, the impresario who makes everything I do online possible.

I’m Baaaaaack! Watch Me Tell the Tale

I feel like a kid on the first day of school telling my classmates what I did on my summer vacation!

I think most of my regular readers also follow me on Twitter or Facebook, but for the record, I traveled across 20 states with a pink bra strapped across the windshield of my motorcycle to raise awareness and money for breast cancer research.  Along the way I interviewed financial traders for a book I’m co-authoring with Matt Davio called “Tradeoffs: Leveraging the Longs & Shorts of Life.”

Up to speed

The last time I spoke of my trip here I didn’t have a motorcycle and hadn’t completed my training. Happily, I’m now the owner of a BMW G650 GS that carried me 7500 miles across the country without incident!

I posted a series of videos on my travel blog from a breast cancer fundraising event in Charlotte, NC this month.  If you watch the entire series you’ll learn the basics: how I prepared, what I saw and did along the way, lessons learned and how advances in treating breast cancer have benefited other cancers.  Here’s the first segment; the rest are available on the road trip site.

Let’s talk about the presentation

If you set aside the obvious things like the audience being seated to the side of the screen and other items of ambiance outside my control,  my performance illustrates a few things I’ve been preaching about here on the blog for a while.

  • I didn’t READ to the audience
  • My slides were short on text
  • I used pictures to support what I was saying
  • Lacking a remote, I used a visual cue (changing my note cards) so my assistant could keep pace without distracting the audience
  • The slides changed every minute or so for a refreshing visual pace

  • Zen slide design

    Sometimes I have the advantage of working with a talented designer like Andy Ciordia, but when I have to go it alone (which was the case this time), I do my best to employ Garr Reynolds’ advice about structuring and designing a presentation.

    Oh, and if you need a speaker for your next event, please think of me. I can talk about my travels, breast cancer, or how I used social media to promote the trip and garner media coverage.

    Social Media: Ethics & Best Practices for Attorneys

    Like financial professionals, attorneys bear the burden of using good sense and propriety online.  Would that everyone bore a similar burden! (but I digress).

    Friday morning I co-facilitated a continuing education seminar for the Mecklenburg County Bar on social media with Andy Ciordia and Ted Claypoole . The attorneys asked great questions and the three of us presenting enjoyed the lively discussion.

    Peppering his ethics guidance with jaw-dropping anecdotes of ethical lapses by legal professionals, Ted boiled everything down to four categories of concern:

    • Talking too loosely
    • Improper investigation (pretexting)
    • Sites that don’t provide room for proper disclaimers (think: Twitter)
    • Advertising Rules

    I’m unqualified to say anything about legal ethics, but from a middle-aged lay person’s vantage point,  much of what Ted said seemed like common sense and good manners: don’t say anything about someone behind their back that you wouldn’t say to their face; don’t misrepresent yourself or your behavior; and don’t tell a judge you need a continuance because your father died if your Facebook page shows you were getting smashed at your college roommate’s wedding!

    Advice for blogging, Facebook and Twitter

    Andy and I showed several examples of what to do and not to do on the big three social media platforms:

    Blogging: We didn’t need to dwell on the oft-repeated advice to publish frequently — they’d all heard it.  We took it further to show how you can subscribe to content feeds to supplement your own articles but also warned to keep non-pertinent content off your site. We showed an example of an otherwise-good blogsite by a divorce lawyer who inexplicably featured an article on SEO and Google.

    Huh? Stick to your knitting.

    Facebook: We see lots of lawyers using their personal FB profile as a professional site. Some even call it “The Family Law Firm of Jane Doe” or similar appellations — a big no-no and a violation of FB’s terms of service. FB created “Pages” for commercial use.  Go to my AUTHOR PAGE of FB and you’ll see how it differs from the personal.

    Other observations: Some lawyers don’t engage the public in discussions, only BROADCAST their blog posts and speaking events. Still others don’t moderate the spam that users place on their pages. In one page we showed a firm that didn’t remove vulgarities and insults. It’s YOUR page, YOU decide what stays and goes. If you don’t tend to your social media outposts, clients might ask how closely you pay attention to the other details of your practice (including their work).

    Twitter: The main concern Andy and I expressed here is lack of engagement. Most of what we saw lawyers do is BROADCAST new blog posts or news of the firm. Blech. If you’re not engaging people on Twitter, don’t waste your time with it.

    If you’re unsure where to take your social media marketing efforts, reach out. If I don’t have the answers, Andy or Ted will.

    Presentation Note Taking

    Presentation Secrets of S JobsThis morning I co-presented a workshop on social media for real estate agents with Andy Ciordia and Beth Griffiths.  The Broker In Charge asked us to provide the presentation in advance so that she could print it out for everyone to  take notes on.

    This is what people ask you to do because they’re accustomed to death by PowerPoint. In such a death, the speaker lards the presentation with bullet points and basically reads them to the audience (like a first grade teacher at story time).

    We don’t subject people to so-called presentations of this ilk.

    Our presentations lend visual interest to what’s being said and reinforce the points.

    Responding to the request

    What did we do? We devised a handout for “guided note taking” that gave our audience questions and prompts to go with the slides.  For example, Stop thinking about “creating” traffic. With social media, it’s about “getting in front” of it. What are you doing to use web-based sites and tools to get people to notice you?

    Try this technique next time and be sure to wind it down with a solid question like these:

    • How many homes would I have to sell each month to pay for this service?
    • How many more homes could I list/sell if I were doing this?

    In case you’ve never seen this video on the proper use of PowerPoint (or any multimedia during a presentation) be sure to watch it here.

    March Book Lust

    Big news: I’m writing a book with Matt Davio called Tradeoffs: Leveraging the Longs & Shorts of Life. We’ll use the language and practices of those who trade for a living to frame life’s tradeoffs: time for money,  freedom for convention,  risk for reward, and money for goods and services.

    In a post-meltdown world where so many people feel the stakes are higher and the margin for error more narrow than ever before, Tradeoffs will introduce a general interest reader to how traders view “scalp,” “swing,” “directional,” “fade” or “breakout” trading setups, how they mitigate risk, and how they live with the outcomes of their trades.

    We have a book agent who’s excited about the project and will help us get the proposal in tip-top shape by the end of April so he can hit the road with it.  Stay tuned!

    Trading From Your Gut: How To Use Right Brain Instinct & Left Brain Smarts To Become a Master Trader

    Trading from the Gut

    by Curtis Faith

    Reviewed by Dasan: Legendary trader Richard Dennis believed that trading was so simple that anyone with the right training and psychology could do it successfully. After making millions for himself in the commodity, stock, and FOREX markets, he trained complete novices how to trade in 2 weeks. He called them the “turtles.” He was right – a large number of the “turtles” went on to become very successful traders in their own right. Curtis Faith, the author of this book, was one of best of the turtles.

    In “Trading From Your Gut” Curtis Faith’s discusses a central aspect of trading success: Intuition. While most mediocre traders let emotions drive their trading, better traders use primarily rational thought. The best traders of all, the master traders, use a balance of intuition and rational thought. Like the experienced poker player that just knows what the other player has, these master traders can identify trend reversals simply by “gut feel” which comes from a combination of experience and underlying rational thought.

    This is an excellent book for the intermediate level investor. The author does give a basic explanation of a rudimentary swing trade system, but it is just enough knowledge to be dangerous. I would not recommend this book for a rank novice. However, if you have some experience trading stocks or commodities already, this book is extremely valuable. For me as an experienced hedge fund investor, I found his concepts mainly affirmed in a concise way what has taken me years to learn. In this way, this book could make a moderately experienced trader more successful very quickly.

    The main thesis of the book is the importance of intuition in trading, especially by experienced traders who already have mastered their emotions. He says it like this: “A balance between left-brain analysis and right-brain intuition is critical for optimal trading.” He quotes many experts in this book, which adds a lot of value; for example, he quotes Barry Ritholz’s idea that “wisdom is the capability to have `strong opinions, weakly held.’” Faith emphasizes the importance for a master trader to think independently. He writes “If you want to be a master trader, you need to develop your own reasons for making trades.” He illustrates the concept of waiting for the right trade by comparing it to surfing at the beach, waiting for the right wave. The book is full of detailed examples like this, which illustrate his trading concepts. Faith wraps up the book with a discussion on ways to limit risk by being flexible, having a plan “B” and sizing positions properly to avoid overcommitment of your capital.

    This book is valuable to any serious trader or investor looking to raise the level of their game. Novice investors have other volumes to read first.

    Here’s my co-author Matt  interviewing author Curtis Faith:


    The Back Channel: How Audiences are Using Twitter and Social Media and Changing Presentations Forever

    by Cliff Atkinson

    The Back ChannelReviewed by yours truly:  This book caught my eye because it grasped a phenomenon I’ve observed at events where the audience gives more eyeball time to their netbooks and smart phones than to the presenter. I figured someday I’d figure out how to harness the power of this behavior, and author Cliff Atkinson beat me to it. Mr Atkinson is THE authority to write on the matter. In addition to writing Beyond Bullet Points,  he designed the presentations that helped persuade a jury to award a $253 million verdict in the nation’s first Vioxx trial in 2005. Fortune magazine called the presentations “frighteningly powerful.”

    For those new to the back channel and the ways of Twitter, never fear. The book starts there, not with boring  exposition, but with a real-life event where panelist Guy Kawasaki noticed a critical tweet (Twitter update) about him and asked the tweep (person who tweeted) to step up and explain the remark.  After setting the context for Twitter and the back channel with this case study, Mr Atkinson goes into the mechanics of Twitter and other technological means for sustaining an official back channel.

    The part of the book that everyone presenting can use (with or without a back channel) describes how to be an editor, curator and taste-maker to your audience. Thinking of yourself in these ways makes it 100% easier to craft a presentation.

    Mr Atkinson outlines a strategy for JOINING the back channel’s conversation, including how to manage a “conversational presentation.”  Presenters with and without a back channel should follow this advice

    You can no longer get away with putting up a slide that lists Agenda or Introduction at the start of your presentation. Nor can you get away with kicking off your presentation with too many details or a list of your accomplishments. In a world in which your audience is accustomed to high-quality media at their fingertips, you need to capture their attention out of the gate. You must engage your audience within the first five slides or at least the first five minutes of your presentation.

    The book offers a chapter on how to handle the positive and negative feedback from the back channel.  Particularly helpful is the advice that speakers should practice scenarios that put them in a range of difficult situations.  He gives five scenarios to practice: “You’re not listening to us;” Your Facts are wrong or misleading;” “Your material is a mismatch for us;” “Your material is boring;” and “You made me mad.”

    Finally, relying on an excellent case study from a conference gone snarky via the backchannel, Mr Atkinson shows how Chris Brogan (author of Trust Agents) turned the situation around. Here’s the 10-point checklist for managing an unruly back channel:

    1. Establish a reputation
    2. Listen and collect stories
    3. Dispense with pretense
    4. Talk to the elephant in the room (if there is one)
    5. Make it you, you, you instead of me, me, me
    6. Check in with the audience early and often
    7. Improvise
    8. Stay grounded
    9. Ignore the small stuff
    10. Keep things in perspective

    This slim volume is worth the $34.99 list price and includes a free 45-day searchable online edition. Both of my thumbs are way up.

    Why We Make Mistakes: How we look without seeing, forget things in seconds, and are all pretty sure we are way above average

    by Joseph T. Hallinan

    Why We Make MistakesPublishers Weekly review: Pulitzer winner for his stories on Indiana’s medical malpractice system, Hallinan has made himself an expert on the snafus of human psychology and perception used regularly (by politicians, marketers, and our own subconscious) to confuse, misinform, manipulate and equivocate. In breezy chapters, Hallinan examines 13 pitfalls that make us vulnerable to mistakes: “we look but don’t always see,” “we like things tidy” and “we don’t constrain ourselves” among them. Each chapter takes on a different drawback, packing in an impressive range of intriguing and practical real-world examples; the chapter on overconfidence looks at horse-racing handicappers, Warren Buffet’s worst deal and the secret weapon of credit card companies. He also looks at the serious consequences of multitasking and data overload on what is at best a two- or three-track mind, from deciding the best course of cancer treatment to ignoring the real factors of our unhappiness (often by focusing on minor but more easily understood details). Quizzes and puzzles give readers a sense of their own capacity for self-deception and/or delusion. A lesson in humility as much as human behavior, Hallinan’s study should help readers understand their limitations and how to work with them.

    Genius on the Edge : The Bizarre Double Life of Dr. William Stewart Halsted

    by Gerald Imber

    Genius on the Edge Intro to a Fresh Air interview with the author:  In the second half of the 19th century, New York City’s population swelled from several hundred thousand to just over 2 million people. Conditions were not pleasant: Sewers were virtually nonexistent; piles of manure sat several inches high on sidewalks; and the city was overrun by disease.

    Medical practices of the time were crude, at best: If surgical procedures were performed, they were done without sterilizing the equipment or the operating room, and typically ended with the patient losing an entire limb, if not his life.

    It was in this environment that Dr. William Halsted began his surgical career. Halsted, who began the nation’s first residency program, pioneered techniques ranging from blood transfusions to sterilizing operating rooms. He also developed the radical mastectomy — also known as the Halsted mastectomy — reducing the local recurrence of breast cancer in patients nearly 50 percent. When Johns Hopkins Hospital opened its Department of Surgery in 1889, Halsted was named its first supervisor.

    Though his legacy suggests a medical pioneer who made surgery safer and more precise, Halsted’s life was frequently messy.

    That dual life is examined in Gerald Imber’s new biography of the doctor, Genius on the Edge: The Bizarre Double Life of Dr. William Stewart Halsted.

    Imber traces Halsted’s journey from a young Columbia-trained medical student to a successful surgeon who secretly suffered from several narcotic addictions. Imber, himself a plastic surgeon, says that while Halsted was a “rigid perfectionist in some portions of his life, [he was] totally negligent and forgetful in others. He could leave a patient in a hospital bed for weeks on end and forget to operate on them.”

    Imber talks to Fresh Air about Halsted’s dual lives and about 19th century American medicine. Imber is an internationally known plastic surgeon who specializes in facial rejuvenation and noninvasive surgical techniques.

    Please tell me if you have a book to recommend or review for April’s post.

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    Tamela Rich
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