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siren-theories · 5 years ago

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Repeating the past - Ben and Ryn as modern parallels to Charles Pownall and his mermaid?

When I wrote my previous post about the Pownall Massacre I noticed just how many parallels between the massacre and our trio exist, especially for the characters of Ben and Ryn. In fact, I saw so many parallels that I started writing the following as the last part of my analysis. But I soon realized that this was too large and merited an article of its own.

If you are unfamiliar with the story of the Pownall Massacre feel free to read my previous article on it (or alternatively you can just accept my conclusions at face value).

Gifs in this post are either taken from the official freeform site, Crayonboxhearts, koortega or sirensource.

Due to the characters involved in the Charles Pownall story this analysis has to mainly focus on Ben and Ryn. I apologize beforehand if it seems as if I am ignoring Maddie. You will understand why once you get to the last part of this article.

Hypothesis: The story of Charles H. Pownall and his mermaid might be repeating itself in the form of Ben and Ryn (and to a certain extent Maddie).

(Polymarine fans upon reading the previous sentence)

The looming threat of Ben turning into his ancestor and Ryn into the original mermaid is always present in the show and adds drama and spice to their relationship. A huge part of what makes their relationship worth watching is experiencing how they overcome the past - or not - and how they make different choices than their respective families / societies. This piece will examine how the show creates parallels and in which way they differ from the original characters.

Part I: The Parallels

There are multiple obvious parallels between the story of Charles and his mermaid and our trio, so many in fact that this is very unlikely to be coincidental.

1. Charles Pownall was the first of the Bristol Cove community to meet a mermaid and became entranced with her and her song

(ELAINE: “I*m curious, how did you and Ben become friends? RYN: Ben almost hit me with car.”)

Likewise, Ben is the first person in close to 150 years to meet a mermaid and he too becomes entranced with her song in Episode 101: “The Mermaid Discovery”.

2. Both Charles and Ben were already in a committed relationship when they met the mermaid.

Charles was married to an unnamed woman (presumably Bens great-great-great-grandmother), Ben was dating Maddie for several months until Ryn arrived on the scene.

(Player 3 has entered the game)

As with Charles, the new presence complicates the existing relationship, to the point that Ben and Maddie break up for a short while in Episode 110 when he (under the influence of the song) consistently put his need to protect Ryn over communicating with Maddie.

3. Charles and the mermaid lived together on land.

(”Ryn choose[...] I stay on land with Ben and Maddie”)

Ryn too lives with Ben and Maddie on land, As of 209, she wants to stay on land permanently even though it might put her in danger.

4. Charles Pownall suffered from alleged mental illness due to the song.

Likewise, Ben and Maddie experience visions and exhibit poor impulse control after being exposed to it. This ranges from visions of Ryn being in danger to a unique way of telling your prospective inlaws about the nature of your relationship with their son and the “friend from Finland”.

5. Charles tried alcohol to cope with the effects of the song.

(Episode 209 “No North Star” and Episode 211 “Mixed Signals”)

Maddie and Ben start drinking alcohol whenever missing Ryn or daydrinking when under the effect of the song.

6. Charles started to act abnormally when his mermaid was gone.

Ben and Maddie also act abnormally whenever Ryn might have left them for good. Ben takes risky trips to sea at night in Episode 105 "Curse of the Starving Class" , both Maddie and Ben self-medicate with the song in Episode 209 "No North Star".

7. As with Charles the song causes brain damage in Ben and Maddie.

(“My song do this? Make Heads go dark?” - from Episode 211: “Mixed Signals” )

8. It is likely that Charles’ mermaid was the one initiating the sexual part of the relationship.

"I have a dream. About Ben.[...]Maddie says it is because I want you."

While Ben and Ryn discussed having feelings for each other before, it is Ryn who pursues him in 204 “Oil and Water”.

Ryn is the first to kiss both Maddie and Ben (mimicking human behaviour in episodes 105 and 106 with first true kisses happening in episode 204). It is Ryn who first states the wish to have sexual relations with the other two.

All subsequent sexual encounters we see depicted on the show happen with Ryn being the one initiating them.

(Episode 208)

(Episode 209)

(Episode 210)

(Episode 213)

9. According to other humans the mermaid was a woman of ill repute, even slandered as a tavern prostitute after her disappearance.

Likewise, Ryn is seen as a drug addict, murder suspect and person-who-holds-wild-orgies-at-the-cabin-with-Ben by elements of the police force. The look on Deputy Marissa Staub's face when Ryn appears besides Ben at the Cabin in Episode 203 “Natural Order” speaks volumes.

(Tfw you discover the local prince is way too intimate with the local druggie, offending conservative sensibilities everywhere. Oh the humanity.)

Marissa also likely views Ryn as a home-wrecker (considering she knows Maddie is dating Ben and is close to Dale), much the same way other humans would have viewed Charles mermaid.

10. Charles and the Mermaid had a baby

One thing missing at this point in the show is the presence of a hybrid baby but that might (and I think eventually will) change in the following seasons. There were multiple scenes in Episode 213 where both Ben and Ryn clearly exhibited signs of wanting to have children with each other and one scene in particular where they both had to force themselves not to do so within that episode.

[Sidenote: The acting in Episodes 213-216 was on point.]

Wwhether there will be a baby in the relationship due to Ryn getting her full-blood baby back (although I think it more likely that one - if it survives - will end up with the other sirens in the sea) or a hypothetical future hybrid baby she might have with Ben (something I personally thnk will be the direction the show will eventually take in the penultimate, maybe ultimate season) the massive anvil sized hints the writers dropped in 213 are too huge to ignore.

[Sidenote: Would Ben and Ryn need IVF to conceive? Probably not. As the tests showed in Episode 213 "The Outpost" there was nothing wrong with Ryn. I believe the problem with getting pregnant was firmly on the male side as infertility in apex predators (and humans) is most often a male problem and the procedure they used is typically used to fix low sperm count in male humans. More on that maybe in a later article.]

11. There is persistent symbolism associated with Charles Pownall, Ben and Ryn in Season 1

In Episode 109 “Street Fight” the most tragic event of Season 1 (Donna getting fatally wounded) happens right near the statue of Ben's Ancestor, with the camera panning over to the statue multiple times to make sure the audience gets the hint.

It also featured a storyline of Ben acting increasingly irrationally (albeit in a very mild manner compared to Charles) while trying to protect Ryn from Katrina.

Conclusion:

So there you have it. The Siren trio is just a retelling of the Charles Pownall story adapted for modern times, destined for the same tragic ending. After all, the parallels are there. Charles = Ben, his mermaid = Ryn.

(Polymarine representatives gather near the author’s house to register their difference of opinion, 2019, decolorized)

Maybe not.

Or rather, this is not the same story and the show tells us that they are not reliving the past.

B) Differences

Whereas the story of Charles Pownall was that of a tragedy and eventual separation, the story of our trio is not. In fact, what the writers are going for seems to be the kind of story that shows that people in similar situations might act in a different manner than their ancestors and thus that similar situations might have different, better outcomes.

Let us take a look at the ways the show differentiates the trio from the Pownall story and also the ways the show outright tells us that this is not the same story.

1. Ryn and Ben’s motivations are different than those of their ancestors

Unlike the mermaid which helped Charles find material wealth, Ryn's initial motive is to find her sister, then stop the overfishing, then safeguard her pack, then save her species from extinction. This of course is accompanied by the motive of Ryn to stay with Ben and Maddie, a motive which might even have taken priority if Ryn leaving her pack to stay on land permanently in Episode 209 is any indication.

The initial motive on the actions of Charles were profit (and maybe fame), which is definitely not the case with Ben who seems to not care much about material wealth as evidenced by Episode 108 where he declines a new car.

ELAINE: "Your car is disgusting." BEN: "I like my car" ELAINE: "We could buy you a new one, you know. One of those electrics....good for the environment."

Ben could easily become famous and have a huge career boost by "discovering" Ryn and publishing his findings but he does not. Instead his main motive seems to protect both humans and Sirens from harming each other - something that Ryn comes to eventually share as well.

2. The characters act as a bridge between the cultures, not as dividers

The show sometimes attaches imaginery to fit that purpose, as in Episode 203 “Oil and Water”.

(Let's just look each other in the eyes for 30 seconds while the merpack safely sleeps between us and hope that the viewers are not too distracted by the sexual tension to not notice the symbolism)

The writers further bring up the idea of characters (specifically Ryn) acting as a bridge between the cultures in Epsiode 206.

RYN: “Shapeshifter like me” DALE: Yes. And in those stories, the ones like you often represent the idea of two worlds coming together. [...] But maybe that is your calling, to lead my kind and your kind to a peaceful existence in this new world.”

In 208 Ben reveals his hope that eventually the two species can live together (again) in harmony (something that Ryn, Maddie and Ben already practice on a smaller scale).

3. When facing a choice between their respective societies/families and their relationship the trio consistently chooses the relationship

After becoming Alpha in Episode 109 "Street fight" Ryn still choses to leave her pack behind to stay on land.

In 207 Ryn decides to volunteer as a military test subject in order to get Ben out of jail.

This was a very risky choice - she had no reason to trust the military, no reason to believe they would ever let her go and she also risked her entire pack's welfare by placing herself in the hands of the military. Yet she still did it for Ben.

In episode 208 Ryn leaves her pack to spend the night with Ben and Maddie and in episode 209 she reveals she permanently wants to stay with them no matter the costs or risks attached, even though it might expose her to capture by the military and thus risk her colony. The vehemence with which she defends her choice is telling.

RYN:"Ryn hurt inside. Need Ben and Maddie" BEN: "We need you too. There is a woman looking for you". MADDIE: "She's with the military. RYN: "Yes. I help her." BEN: "Why?" RYN: "She get Ben out of cage." MADDIE: "You agreed to work with her to get Ben out of jail?" RYN: "Yes." BEN: You shouldn't have done that" RYN: "Ben is love" BEN: "Look you shouldn't have put yourself in danger for me." MADDIE: "We think it's better for you to go back to the water. Just for a while."

At this suggestion, Ryn gets visibly angry.

RYN: "Ryn choose...Military was bad to sister, but good to Ryn." MADDIE: "For now. But we don't know what they want to do to you." RYN: "I stay with Ben and Maddie."

Ben likewise rejects his family business and refuses to follow in the footsteps of his ancestors. When presented with a "dark" vision of himself in Episode 214 he rejects it with horror. He consistently lies to his family to keep Ryn safe and to help her. Most importantly at the end of Episode 215 “Sacrifice” he puts Ryn’s safety above the health of his own mother, who might very well die because of this choice.

Kyle, slimeball extraordinaire and commander of the military facility had previously told Ben that his mother would need another injection of Ryn's stem cells soon in order to continue healing, leading to the following conversation:

MADDIE: “As soon as he finds out what we did, that'll be the end of our relationship with him.” BEN: “Yeah. This is what matters right now. For Ryn and her species. All the rest we'll just have to figure out.”

Maddie likewise choses to protect Ryn and breaks a solemn vow to her father to do so in Episode 107 “Dead in the water” . While maybe not on the same level of the above-mentioned sacrifices made by Ryn and Ben there is not a single reason to doubt that she too would choose her two mates over anybody else.

4. The human families of the trio are not openly hostile to them being together with Ryn

Charles Pownall's family was hostile to the mermaid with the Hawkins being permanently ostracized by the Pownells.

The human families reaction to the relationship between Ben, Ryn and Maddie are different from that. Maddie's mother, Susan, is concerned - but not about the nature of the relationship, instead she is concerned about Maddie getting hurt. We do not know what Dale thinks about the relationship or if he even knows about it though I find it hard to believe Maddie would keep it from him. Thus I would argue he at least tolerates it).

Ben's father seems completely unfazed by his son being in a polyamorous relationship. If anything he seems more amused by the display Maddie made when she announced that she, Ryn and Ben were in such a relationship instead of the fact itself.

HELEN: "That was quite the show" TED *laughs* : "That's one way to put it. I just hope those three figure it out, whatever it is."

Elaine was shocked but that might have been more due to the nature of the announcement - she certainly did not have any problems with Ryn kissing Ben in Episode 209 despite knowing that Ben was with Maddie.

There are a few caveats to the above. Nobody except Dale knows Ryn’s true nature. Ted's reaction might very well be different and even hostile in the future considering he is on the verge of finding out about Ryn. Of course the Sirens having something to do with the boat accident that crippled Elaine or that Elaine might suffer more in the future due to Ryn having to withhold stem cells from her might also cause Ted and Elaine to react negatively in the future.

5. (Human) society has evolved a bit since the 19th century

Humans in the 19th century would not have reacted kindly to an unmarried woman (the siren) spending time with a married man (Charles) , even if they did not know her true origin,

[Sidenote: If you want to have a “fun” time read up what people did in the 19th and early 20th centuries to sabotage relationships that were considered abnormal. In the infamous example of Virginia Woolf this even involved a plane chase across two countries.]

When the trio's human friend Xander learns about the relationship, his reaction is one of surprise and shock. (You can watch the scene here). However a discussion between him and Maddie in Episode 212 confirms that this is not due to a rejection of the nature of the relationship but more about Xander's worry that the Siren song is controlling Maddie. After being told this is not the case, he drops that objection and while he certainly does not like the relationship he is not taking active steps to sabotage it unlike 19th century people might have

In fact it seems as if nobody in Bristol Cove much cares about the relationship the three have. There must by now be a considerable amount of people seeing the trio interact in public like this:

(Yes officer, this scene right here)

And multiple people in the anchor saw Ryn and Ben dancing together in 204 in a manner that was way too intimate to just be friends.

(Taking bets on the number of gaskets Deputy Marissa will blow when she hears about this happening.)

Especially in a small town like Bristol Cove where everybody knows each other the gossip mill must already run wild about the trio. However nobody seems to mind.

This of course is a major difference of today's society to the 19th century society of Charles and his mermaid. Today's society cares much less about things like adhering to strict heterosexual norms and two-person relationships. Unlike in the 19th century where even marrying below your station would be considered a betrayal and seriously threaten your standing in society, the acceptance of sexuality and relationships as fluid concepts is at an all-time high.

There is only one person who openly is hostile against Ryn spending time with Ben and Maddie in the show and that is Deputy Marissa. However Marissa also believes that Ryn is a drug addict, possible dealer, possible murder suspect and person-who-holds-wild-drug-orgies-at-the-cabin-with-Ben. No wonder she is hostile to Ryn given that it is her duty to protect Bristol Cove from bad influences - which her inaccurate version of Ryn definitely is.

If anything it seems that the Siren society is less accepting of the relationship than humans are (at least Cami and Katrina are appalled by it). But as long as Ryn is Alpha then what are they going to do about it without risking an immediate beatdown by an enraged Ryn?

[Sidenote: At this time I feel it is my solemn duty to link you this great video of humans reacting to the trio, edited by Koortega.]

6. The reactions to the Siren Song might be different from those of Charles

This is more speculative than the other parts of this post because we do not know the specific reactions of Charles Pownall to the song. Yet so far - and speaking strictly about the effect of the song on the relationship - whenever the song is used it does not have negative effects with regards to threatening the relationship.

Ben's visions are not about domineering or being possessive about Ryn, but ultimately about protecting her (Episode 110 “Aftermath” and to a lesser extent Episode 203 “Natural Selection”), realizing he might hurt her through his behaviour and reaffirming how much he loves her (Episode 214 “The last mermaid”).

Likewise Maddie, despite being exposed to the more harmful defensive variant of the song only wants to tell the world about how much she loves Ryn and Ben.

[Sidenote: There is also the unlikely possibility that the relationship between Charles and his mermaid was solely based on the song, which in any case is not true for our trio.]

A cure for the brain damage due to the song also exists and the experience of obtaining that cure together brings the throuple closer together.

(From Episode 212: “Serenity”)

So there you have it. There are enough differences between the trio and Charles Pownall and his mermaid to not have them go down the same dark path. But in this case the show goes even further.

C) The events of the last episodes of Season 2

The writers themselves tell us in no uncertain terms in the last four episodes of Season 2 that this is not the same story because Ben and Ryn are not their respective ancestors.

In Episode 213 and 214 as the Pownall massacre as well as Ryn’s mating drive and her unilateral actions based on that drive put the relationship to its hardest test.

It is important to note that the writers used multiple contrivances to arrive at this point. For the biggest example, Ryn seems to have suddenly developed complete memory loss with regards to her knowledge about Ben being a Pownall. Which is more than a bit contrived considering Ben and Maddie discuss his father owning Pownall’s two meters away from her while she is clearly listening in Episode 106 “Showdown”.

This was not something Ryn overheard considering later in the same episode:

DONNA: I see his face. In that place take our food. RYN: That was not him. That was his father. Writers of Episode 213: FAKE NEWS.

Oh and if there was any doubt left there is also that time Bens father was called Mr. Pownall in front of Ryn in Episode 108.

(WRITERS: “You saw nothing.”)

In Episode 110 Helen explicitly names the father of the hybrid baby as “Charles Pownall” and also confirms that Ben and her are related through Charles. This is done while Ryn is listening and participating in that conversation (I have transcribed the whole conversation in my previous post about the massacre)

Ryn also seems to have paid no attention at all to her surroundings while living with Ben and Maddie for months (c’mon, does that sound anything like the hyperobservant, inquisitive and highly intelligent mermaid we know?). Anybody who walks around a modern human name would shortly know the name of the homeowner. Given all these factors, her not knowing before Episode 213 makes no sense at all.

So why the contrivance?

Of course one possibility is that the writers were too incompetent to remember what they wrote a year ago. But I do not believe this to be the case, especially with how few contradictions there are in the show otherwise and the great attention to detail the writers usually have. Maybe they wanted to score cheap drama? But there already was enough drama with Ryn trying to save her species from extinction (plus the effect this had on Ben and Maddie) and it seems odd to go to such great lengths just for that. Therefore I would argue that the Pownell revelation was (at least partly) included here to make a specific point.

What point would that be? Let us recap what happens in those episodes, especially 214.

After “suddenly discovering” (excuse me while I go grind my teeth in the corner) in Episode 213 that Ben’s last name is Pownell Ryn gets very upset and concerned, culminating in the following exchange in Episode 214:

BEN: "Charles." RYN: "He loved one like me and his love turned bad. It makes him angry. He killed my people. And it starts with love. Like *crying* Like Ben love Ryn."

Ryn is clearly concerned about a repeat of the original Pownall story. And in this episode Ryn (and the audience) is explicitly told by Maddie that Ben is not his ancestor - just as Ryn is not hers either.

MADDIE: "You know my mother, Susan?" RYN: "Yes" MADDIE: "Remember I told you how she was? The pain she caused me?" RYN: "Yes. She was weak and sad." Maddie: "Am I like her?" RYN: "No. You are strong." MADDIE: "Just because your family thinks or acts a certain way doesn't mean you have to repeat that. Ben's ashamed of what his family did. And many in your colony don't trust humans. They want to fight them. But you came on land, you trusted us, fell in love with us." RYN: "Love can be good or bad." MADDIE: "Yeah. But I trust Ben. I trust you. I trust that our love is good."

(Take ALL the Applause Maddie, you earned it.)

Ryn accepts Maddie's argument. The speed at which she does so as well as her obvious concern for Ben when he disappears during the episode seems to indicate that she was more conflicted about her own feelings than anything else - like Ben himself in that episode one might say. When Ben finally reappears, Ryn is visibly relieved at the sight of him and the following exchange happens:

RYN: "You are okay?" BEN: "No. Not okay." RYN: "Angry with me?" BEN: "Confused. About myself." RYN: "Ben. I know you would not hurt me. I know you are different from your family. Those who kill. BEN: "I want to believe that." RYN: "I believe. Our love is good." BEN: "You trust me?" RYN: "I don't want you to feel any more pain."

The relationship between her and Ben survives the stress test and trust seems to be fully restored through Ben’s following actions in Episode 215 (some of which have already been mentioned before).

The relationship seems to have been fully repaired by the end of 215 but if there was any lingering distrust I think Episode 216 would have dispelled that as Ryn is clearly willing to move forward with the relationsip at the end of Episode 216. Letting Ian drown might have been taken by Ryn as a display of trust, especially as she knows that it took a toll on Ben.

This of course is a parallel to another Season 1 episode. In Episode 106 “Showdown” Ben steps in to prevent Ryn from killing another antagonist that was a threat to her (Aldon Decker). Her reaction to Ben refusing to let a human die to keep her safe is one of anger and feeling betrayed.

RYN: "Why you help the bad man?” [Ben refuses to let Ryn kill Decker by placing himself between them] RYN: You choose him. You should choose me."

In Episode 216, Ben does so. He clearly chooses Ryn and her safety over the life of a fellow human.

Even without that choice it was in my opinion already clear from the looks they share at the end of Episode 215 that they will move forward with each other.

(Protip to a happy life: find yourself a relationship where the persons involved in said relationship can still look at each other like that even after they just finished putting each other through hell for several days).

Due to all the factors involved in Episodes 213-216 (Ryn unilaterally deciding for much of the storyline and expecting the others to go along without giving them a say, the whole fertility crisis amongst the Sirens and of course the Pownall “revelation”) this probably was the worst stress the relationship could ever be under at that point.

I therefore posit that if the relationship between Ben and Ryn would be “Charles Pownell 2.0″, this would have been a fracture point instead of a successful stress test.

And the relationship between Ben and Ryn surviving is of course in no small part due to the largest stabilizing element in the relationship, the one element that was missing from the story of Charles and his Siren.

D) The third element

Imagine how different the story of Charles and his mermaid might have happened had they lived with the Haida - people who knew how to deal with human-siren relationships, how to help hybrids and who were most likely used to that kind of relationship happening.

The present-day relationship the show is depicting has such a large stabilizing element to it. I am talking of course about the one person I have so far criminally neglected in favour of focusing on Ben and Ryn (because they are the parallels to charles and their mermaid and also because this allowed me to give this post a better structure).

Maddie might not be Haida biologically, but she is a Haida in the cultural sense of the word. She was raised by a Haida man and one of the first stories she tells Ryn to calm her down in Episode 102 “The Lure” is a Haida story. Now of course Maddie is not the solution to all the problems the trio faces. She does not have any Haida knowledge on how to deal with hybrids or Sirens.

However, she is by far the largest stabilizing element in the relationship as evidenced by episode 214 and the episodes before. Whenever Ryn and Ben are acting out of character or have communication issues (either between them, others or with Maddie), Maddie appears as the mediator that manages to get through to the other two and makes them see reason. Even when she initially fails (as with Ben in 110 and with her first discussion with Ryn in 214) she still manages to have enough of an impact on them to get them to reconsider their actions, change their behaviour and attempt to fix the situation.

Her second long dialogue between her and Ryn Episode 214 (which is quoted in the segment C of this post) is the best example of Maddie’s exceptional communication skills. It probably is one of my top 5 Maddie scenes of the show and highlights just how integral Maddie is for the story of the trio. The way Maddie (without recriminations) manages to make Ryn understand that she got the wrong impression of Ben, the way she focuses the communication on the love that is the basis of the trio relationship is unbelievably on point.

Or to put it more bluntly: The story of Siren is not the story of Ben and Ryn alone. It is the story of Ben, Ryn and Maddie. It is a story about the unique love and trust that develops between the three.

And this is why I firmly believe that we are not seeing a repeat o the CharlesPownell story here. Instead, what we are seeing is how the more enlghtened and more evolved characters of Ryn and Ben and Maddie make different choices than their ancestors. In short, just because History might look similar, it does not - and will not - repeat itself in this case.

Does that mean there will be no challenges to the relationship in the future? Of course not for otherwise there would be a lot less in the show. We already see the groundwork for multiple future stress tests of the relationship being laid (Ted having footage of Ryn underwater, the Sirens attacking Ted in the water when Elaine had the boating accident, the reaction by some sirens like Cami to the relationship, Ben letting Ian drown, him and Ryn keeping this from Maddie etc.)

But there is one certainty the show tells us over and over again, even chosing it as the end screen for season 2.

They are love.

And on that note, we shall end the analysis of the parallels between our throuple and the Pownall Massacre. Thank you for reading and for sticking with this rather long post until the end. I shall endeavour to make the next post a little shorter, I promise. Alternative interpretations, additional info or critique are always welcome.

[Final sidenote: Anybody wishing for the trio to become a duo (whether it be Ben/Ryn, Maddie/Ryn or Ben/Maddie) is asking for the show to be a lot poorer in terms of character interaction, to be less inclusive and to have fewer opportunities for future storylines.

Could the story work with just Ryn and Maddie or just Ryn and Ben? Yes, the love between each of them might be strong enough to survive without the third. But such a story would not be Siren, it would be another star-crossed-lovers story that has been done countless times before.

And this is why it was immediately clear that Episode 216 was a giant fake-out as soon as Maddie was fatally wounded in it.]

#siren freeform #Pownall Massacre #polymarine #analysis #long post #i swear the next one will be shorter #Ben #Ryn #Maddie #siren #freeform siren

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grassjellydrinks-blog · 6 years ago

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Clear your head by taking a break from all of the numbers.

Your first priority in forex trading should be highly influenced by your risk management. Know what the acceptable loss. Do not waiver with stops and limits you place on your trading activity. You can lose money quickly if you allow yourself to get caught not focusing on preventing losses. Recognize losing position is so that you can make the effort to avoid these situations.

Learn the truth behind the market. It is inevitable that you will suffer money trading in the market. A large majority of first-time Forex traders quit after their first major loss. If you are fully aware of that, you should be able to convince yourself to continue on, which is the only way you will see a gain.

Learn what bugs related to your trading software has. Even the best known software has its flaws.Be prepared for the glitches that are inherent in your homework. You do not want to avoid finding out what information can and cannot be accepted when you're in the midst of a trade.

You should be able to customize the automated forex system you are using. You want to choose a platform which can be customized to mesh with changes in your software can adapt to suit your needs and strategies. Make sure that any software is going to suit your needs before you are thinking about purchasing is customizable.

The forex market is used by some to supplement their income. Others may use it as their sole means of making money. This is contingent, of course, upon the degree of success you can achieve as a trader. Using these tips can send you on your way to gaining those skills.

Related Keyword : สอน forex ฟรี

#สอน forex ฟรี

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drakeramoraythedoctor · 3 years ago

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trading index options South Carolina Many options beginners were taken in by the apparent "free money" phenomena of writing naked options positions unaware that most of these credit strategies have unlimited loss potential.

trading index options South Carolina You also need to assess the risks and potentials associated with the success or failure of the business. This same ideology needs to be put towards options trading. If you can honestly assess yourself as someone with the self discipline to follow through with a reliable options trading strategy, then you may very well be extremely successful with options trading. Also, how well can you handle losing trades? Are you able to handle losses and pick things up and start the process over again? If you are then you may very well embody the proper psychological makeup for succeeding with options trading. Those that cannot handle the pressure of the occasional loss would be better served looking towards another investing strategy. It has been said success starts with the right mental makeup. If you can adapt your mindset to your psychological approach to trading, you may find success is not as elusive as you think. How People Lose Their Shirts in Options TradingYou must have heard horror stories surrounding options trading before. Stories such as how some people lose their whole account within a few days and even stories of options traders going bankrupt in express time. These stories have no doubt cast a shadow over options trading and there are even people who now tout that options trading is as risky as futures trading. Well, strange thing is, after more than 15 years of trading options, I have never experienced losing all my money within a few days nor going bankrupt. This led me to wonder why these things happen to some options traders. After some investigation, I conclude that it is not options trading that breaks accounts but specific things some options traders tend to do, especially beginners, that opens the door to such financial disasters. I narrowed these reasons down to two main ones. The first of these is that some options traders trade options just like they trade stocks; buying call options with their whole account on that one "hot stock. "Yes, this is the number reason why most options beginners lose their shirt. Most beginners to options trading do with call options exactly what they do with stocks when they have a "hot tip"; throwing their whole account into that single "hot" trade. Now, this isn't that big a problem in stock trading because if the stock didn't move as expected, the trader could simply continue to hold the position until it does, sometimes for years. However, when you buy call options on stocks that didn't eventually move up as expected, the call options can expire worthless by expiration, taking your WHOLE account with it if you bought those call options with all the money you had! This problem is made even more pronounced by the fact that options have a definite expiration date that goes from a few months to a year for some stocks but never forever. This means that you do not have the luxury of holding on to bad trades forever, hoping they will come back in a few years time. Professional options traders like me only enter a single position with money we can afford to lose.

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So, unlike stock trading where you simply buy the stock when you think it will go up, options trading make you think one more step deeper into the possible degree of move in order to maximize profits. Complete understanding of options moneyness and the implications of options of different moneyness is impossible without an understanding of how options are priced in terms of their intrinsic value and extrinsic value. Only by understanding the difference between intrinsic value and extrinsic value and how to calculate how much of each value is in the price of an option, you cannot intelligently choose the right option for your specific outlook. Once you have a good understanding of what call and put options are, how they are priced and the implications of different moneyness, it is time you learn how to place options orders through your options broker. Placing options orders is another complex issue as there are 4 main order types for options trading unlike the two simple order type for stock trading. Buy to open allows you to open a new options position by buying it, sell to open allows you to open a new options position by creating a new options contract and selling it, buy to close allows you to buy back and close options you previously created and sold and sell to close allows you to sell options that you previously bought. Knowing exactly what these orders do is extremely important for knowing how to execute extremely complex options strategies. Yes, Options Strategies allow you to profit from multiple directions and cater to even more specific outlooks and is one of the most unique features of options trading. Putting different options both long and short together produces strategies that go beyond simply profiting when a stock goes up or down. There are literally hundreds, if not thousands, of options strategies and some are so complex that a single position consists of 4 to 8 different trades utilizing a complex combination of the different order types you learnt above. In fact, each option strategy is a study on its own that requires long period of learning and trading to master. course binary options trading South Carolina How can you discover whether or not you have the mindset of an options trader? The first step involves honestly answering whether or not you are someone that possesses the discipline to be an options trader.

elite options trading South Carolina

Call options allow you to buy a stock at a fixed price no matter what price the stock is and put options allow you to sell a stock at a fixed price no matter what price the stock is. This means that if you buy a call option and the price of the stock goes up, the call option would make a profit because you still have the right to buy at a price lower than the stock price. As such, you would buy call options when you think a stock is going to go up. Conversely, put options allow you to sell a stock at a fixed price. This means that if you buy a put option and the price of the stock goes down, the put option would make a profit because you still have the right to sell at a price higher than the stock price. As such, you would buy put options when you think a stock is going to go down. This is only a brief outline of what call and put options are, obviously there is much more to it but this is where you start learning about options. After you have a clear idea what call options and put options are, you need to know what strike prices and expiration dates are. A strike price is the price agreed upon in an options contract. A call option with a strike price of $10 allows you to buy a stock at $10 no matter what price the stock is and a put option with a strike price of $10 allows you to sell a stock at $10 no matter what price the stock is. There are strike prices covering a very wide price range both higher and lower than the prevailing stock price.

online trading academy options course South Carolina Then, there will be those that will look towards these success stories for more than inspiration. They will look towards successful options traders as those to duplicate. Or, more accurately, they will try to duplicate the trading methods and strategies of the trader. While it is certainly a wise thing to look towards the trading methods of a successful trader, duplicating the steps of the trader alone may not prove to be the best strategy. The reason for this is that there are other factors that go into the process of developing a trading strategy than just the execution of the trades. Personal factors will go into the development of a methodology. In some instances, there will be psychological factors that will be developed into the trading plans. Understanding such components is vital to exploring a trading method to make sure it is valuable to your goals. Actually, it would not hurt to explore your own psychological factors and facets prior to looking seriously at trading. Now, some may assume such assessments are little more than 'psycho-babble' that seek to examine options trading from an over-analytical perspective. This may be the case in some instances but as a general explanation of what motivates people towards options trading, it is definitely not something you want to overlook. By having a clear understanding of your own psychological makeup, you can develop the proper insight into how to be effective in the art of trading. Simply put, some people are more cut out for options trading than others. Those that are conservative in their investment strategies might wish to limit options trading to a smaller part of their overall portfolio. Those that can be considered quite aggressive in their approach may look towards possibly using options as a hedge to their portfolio. Again, your own personal psychological makeup regarding comfort levels of trading in essential in options.

best options trading program South Carolina "Yes, this is the number reason why most options beginners lose their shirt.

fee only advice trading options South Carolina Follow the above steps, do your due diligence and you will be all set for your first options trade.

For example, someone who needs to keep fiddling with their account by buying and selling every few days isn't someone who should be investing in options! The commissions alone will eat you up. Similarly someone who like a lot of excitement in their trading should probably stay away from options. Having a quality options trading strategy is helpful. Putting the options trading strategy through to fruition is even more helpful. But, once again, there is a big difference in having the desire to follow such a process and actually following through with it. Those that are able to follow through with such steps may be limited in number. No, that is not said as a means of undermining anyone's motivation, morale, or desire. Rather, it is meant as a way of properly forecasting the management of your venture and assessing the risk of getting involved with options trading. You also need a plan for when the market goes against your strategy, so that you don't make decisions because you're panicking. Yes, trading in options needs to be looked from the perspective of managing a small business. When operating a small business, you need to assess the risk associated with a venture.

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nerdychopshopgoatee · 3 years ago

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Important programming languages

There are around 300 programming languages out there in our country. The interest and distinction of programming languages waver every year. Moreover, new programming languages are going with engaging features.

With everything taken into account, which programming language would it be a smart thought for you to learn? Learning another programming language is reliably an endeavor of your time and mental capacity. If you are a pre-arranged designer or accepting you unquestionably know a couple of programming vernaculars, you can get comfortable with a forte, current one. Lately, I have made a blog section where I have short-recorded seven current programming languages worth learning:

However, if you are starting your programming calling in 2021 or accepting you need to get comfortable with your first or second programming language, it is quick to learn one of the norm and set up programming languages. The best programming vernaculars to learn in 2021 are recorded underneath. Recorded program languages are top 10 programming languages in India.

Top programming languages of 2021 in India

Python

Right when Guido van Rossum made Python during the 1990s as his side endeavor, nobody thought it would be the most notable programming language one day. Considering all a lot of apparent rankings and industry designs, I put Python as the primary programming language for the most part.

Python has not seen a short lived rising in reputation like Java or C/C++. In like manner, Python is definitely not a hazardous programming language. Regardless, from the soonest beginning stage, Python has focused in on fashioner experience and endeavored to cut down the limit to programming so that younger students can moreover form creation grade code.

In 2008, Python went through a tremendous update and improvement with the cost of introducing basic breaking changes by introducing Python 3.

Today, Python is universal and used in various spaces of programming progression, with no sign of moving down. Python is best programming language to learn in 2021

Key Highlights:

The USP of Python is its language plan. It is significantly useful, rich, fundamental, yet astounding. Python has five star joining with C/C++ and can impeccably offload the focal processor strong tasks to C/C++. Python has an amazingly unique neighborhood backing.

Pros:

Supports various systems and stages. Article Situated Programming (Oh no) decided. Helps with improving Developer’s Profitability. Grants you to scale even the most puzzling applications easily. Wide Help Libraries

Cons:

Note ideal for Portable Figuring. Python’s informational index permission layer is fairly juvenile and rough.

Use/Application: Web and Web Improvement, Logical and Numeric applications, Work region GUIs, Business applications. It is by and large used in AI(Artificial Insight) and AI space.

JavaScript

During the chief program war, Netscape had alloted Brendan Eich to develop another programming language for its Program. Brendan Eich had developed the hidden model in only ten days, and the rest is history. Programming engineers regularly despised JavaScript in its underlying days because of its defenseless language plan and nonappearance of features.

All through the long haul, JavaScript has formed into a multi-perspective, unquestionable level, incredible programming language. The key colossal jump forward of JavaScript came in 2009 when Ryan Dahl conveyed cross-stage JavaScript runtime Node.js and enabled JavaScript to run on Worker Side.

The other enormous forward jump of JavaScript came around 2010 when Google conveyed a JavaScript based Web progression structure AngularJS.

Today, JavaScript is perhaps the most by and large used programming lingos in the world and runs on basically everywhere: Programs, Workers, Cell telephones, Cloud, Holders, Miniature controllers.

Key Highlights:

JavaScript is the undisputed ruler in Program programming. Because of Node.js, JavaScript offers event driven programming, which is especially suitable for I/O significant tasks. JavaScript has gone through enormous modernization and update over the latest all in all an extended period of time, especially in 2015, 2016, and later.

Pros:

Client side JavaScript is incredibly speedy as it will in general be arrived behind schedule in the client side program. JavaScript is by and large simple to learn. It can work effectively with various lingos and can be used in an immense variety of uses. Oil monkey support to make pieces out of JavaScript which can execute on unequivocal pages

Cons:

JavaScript simply allows single inheritance, so different heritages are unreasonable. No copy or comparable procedure is open in JavaScript. JavaScript interpreted differently by different projects. Use/Applications: JavaScript usage join web/adaptable application headway, game development, and work region application improvement.

Java

Java is potentially the most irksome programming vernaculars to date. Beholding back to the ’90s, business applications were primarily developed using C++, which was extremely obfuscated and stage subordinate. James Gosling and his gathering at Sun brought the obstacle down to make business applications by offering significantly less perplexing, object-arranged, unraveled programming language that also maintains Multi-hanging programming.

Java has achieved Stage independence by making Java Virtual Machine (JVM), which distracted the low-level Working Framework from fashioners and gave the first “Make Once, Run wherever” programming language. Also, JVM offers age rubbish variety, which manages the Item life cycle.

Recently, Java has lost a segment of its business areas to significantly design pleasing present day tongues and the rising of various lingos, especially Python, JavaScript. Moreover, JVM isn’t actually Cloud friendly considering its huge size. Prophet has actually introduced significant approving charges for JDK, which will check Java’s pervasiveness further.

Fortunately, Java is managing its inadequacies and endeavoring to make Java fit for Cloud through the GraalVM drive. Furthermore, in OpenJDK, there is a free choice as opposed to the prohibitive Prophet JDK.

Java is at this point the principle programming language for tries. Java is seen as a best programming language to learn in 2020

Key Highlights:

Java offers an astounding, feature rich, multi-perspective, translated programming language with a moderate assumption to learn and adjust and high specialist productivity. Java is rigidly in invert suitable, which is a basic essential for business applications. Java’s runtime JVM is a showstopper of Programming and a champion among other virtual machines in the business.

Pros:

Article Arranged language. Java offers APIs for different activities like Data set affiliation, arranging, XML parsing, utilities, etc. Inconceivable open source Fast Improvement mechanical assemblies. A huge number of open source libraries

Cons:

Memory the chiefs in Java is exorbitant. The deficiency of configurations can confine you to make great data structures.

Use/Application: Java for the most part used for making Android applications, web applications, and Enormous data.

In 2000, Tech beast Microsoft decided to make their Article Arranged C like programming language C# as a segment of their .NET drive, which will be directed (run on a Virtual Machine like Java).

The veteran language maker Anders Hejlsberg arranged C# as a segment of Microsoft’s Regular Language Drive (CLI) stage where various other (mostly Microsoft’s lingos) orchestrated into a center design which runs on a Runtime named Normal Language Runtime (CLR).

During bygone times, C# was censured as a pantomime of Java. However, later, both of the tongues meandered. In like manner, Microsoft’s approving of C# compiler/runtime isn’t for each situation clear. Notwithstanding the way that Microsoft is as of now not maintaining its licenses under the Microsoft Open Detail Venture, it may change.

Today, C# is a multi-perspective programming language that is by and large used on the Windows stage just as on the iOS/Android stage (as a result of Xamarin) and Linux stage. Still c# saw as the best programming language to learn in 2020.

Key Highlights:

Anders Hejlsberg endeavored to convey C# by and by from Java’s shadow and give its own character. Maintained by Microsoft and being in the business for seemingly forever, C# has huge conditions of libraries and frameworks. Like Java, C# is moreover stage independent (due to CLR) and runs on Windows, Linux, Cell telephones.

Pros:

C# uses essentially similar accentuation which follows by C so it direct for the people who know C language. Basic Mix with Windows. Totally consolidated with the .NET library which offers induction to a document of convenience and support. Safer than its namesakes (C/++) as pointer types are not permitted

Cons:

It grants pointers in ‘risky’ blocks.

Usage applications: Broadly used in Big business Cross-Applications Advancement, Web Applications

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daspetstuff · 4 years ago

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Yoga Burn Review

In the event that you have been fruitlessly attempting to rehearse yoga and you likewise still could will feel benefits, it's an ideal opportunity to take a stab at something special: Yoga Consume. Now and then we never acknowledge how much the planet neighboring influence us, you may not really accept that this yet minor focuses may influence our body in a way you would not envision and every one of the endeavors you put in stances are seen to no end. Yoga appears to be something simple, however it's really not and you likewise truly need right guidelines to feel life getting updated genuine advantages, numerous Yoga Consume Surveys help come to this meaningful conclusion. Yoga is an exceptionally complete practice anyway you need to comprehend every little thing about it, you need to connect with your body framework and most of one's occasions this association falls flat since we don't know nearly all that should do, however we will use any standards without understanding the genuine importance, without observing if our body is burning-through it.

To feel stimulated, to feel assuage from pressure, to expand your metabolic rate, to change your body and tight raise muscles, you ought to consider your entire body messages, of correctly how it reacts to a business, of which your entire body very. In the event that correspondence between your body in addition to your brain fizzles, you absolutely won't be ready to feel benefits. Yoga Consume fills in as an extraordinary yoga preparing guide which can help you upon the way toward improving your personal satisfaction with itemized clarifications to help you arrive at ideal enthusiastic and actual wellbeing. You will at long last get an ideal body change, the ideal yoga goods and tight level paunch you generally needed through basic and complete procedures. Zoe Bawl Cotton, the creator of a given Yoga Consume program, discusses this significant association and mindfulness in addition to uncovers 3 frequently and risky errors we make when attempting to learn yoga. In the event that you are serching to discover a way to reconnect in your body and abound in benefits in every single benefit of your prosperity, continue to peruse this Yoga Copy Audit to know how it functions.

GENERAL Appraisal

Most Yoga Copy Surveys specifies how Zoe Whinny Cotton's Yoga Consume Framework has as of late assistance tons of ladies to put on a lean and sound weight and brain through an explicitly planned different yoga strategies and afterward in this Yoga Consume Audit you surely will get familiar with the mystery of that achievement. She's a huge change trained professional and a yoga teacher. On the off chance that you are keen on a significant number more tips about the creator, you could generally visit Her Yoga Insider facts, the authority site. The Yoga Consume Program can be followed up by anybody as it is subject to a steady approach, so it gets going with yoga positions for amateurs after which it steadily builds force and intricacy, this element makes this yoga practices diverse to some other and gives lasting advantages to its clients. This Program likewise incorporates normal mix-ups, stunts and methods which permits you to completely appreciate the information on interfacing with your entire body while changing it. You might actually follow the entire program because of the go to from the solace of your office or home, and that is simply precious. Since I said previously, Zoe makes reference to and cautions you no longer than three normal mix-ups we make when attempting to find yoga. Misstep 1 is conventional yoga classes. Click here : yoga

How often maybe you've attempted these sort of classes precisely where the teacher scarcely knows you? Exactly how often did you attempt these sort of classes where you don't know when you are advancing? These will in general be essential yoga exercises which get great basically for no one hence in the event that you truly need to get genuine outcomes, keeping away from swarmed and conventional yoga classes is an unquestionable requirement. Mix-up 2 is getting yoga with no thought. It's an incredible unwinding instrument, however unwinding isn't really conceivable brought about by a different variables that may modify the entire yoga pith. The measure of time in regards to a day, looking for an agreeable game, the man or lady along the edge of you, the lights, commotions starting with the outside, having the chance to class by the due date, to give some examples. These little irritating thing are not generally seen, yet they are an adequate add up to create cortisol, causing you to feel uncomfortable and stress, and the second that we are pressure, our body begin putting away fat. Appropriately should you want a fit body in addition to a solid brain, the classes should be unwinding, else you will not see benefits. The previous oversight is straightforwardly associated with the two past ones and it is a lack of movement. This is presence of mind. On the off chance that you don't see improvement, it is significant for you to change the technique. At the point when the teacher gets excessively fundamental, should you discover factors obstructing you to profit by the class you'll require a change. Quit doing in every case precisely the equivalent expecting various outcomes since that is very unquestionably going to occur. In the event that something isn't simply working, leave. I feel the way that Yoga Consume Audit makes that understood, changing is helpful, attempting various methodologies is better. I for one presume that there isn't anything better that getting fit from the it couldn't be any more advantageous after a specialist teacher as Zoe, the maker of Yoga Consume. Continue to peruse this audit to discover more about research!

Item Subtleties

Discover explicit subtleties with this Yoga Copy Survey. You won't just fix your tummy in addition to your goods this specific yoga exercise, you will likewise reset the psyche and feel in harmony with yourself. You will normally and well lift your digestion, alleviate your brain from pressure, fix your muscles, acquire adaptability and increment your own wellbeing alongside your resistant framework when not in any event, taking note. You will feel loaded with energy and years more youthful acquiring consistent focus too. You will become familiar with all the fundamental yoga models for gauge misfortune that will assist you with having a fantastic body since this Yoga Consume framework was conceived to really be an effective yoga fat consuming exercise. Altogether, Yoga Consume keeps going 12 weeks and it will be delegated three unique stages dependent on powerful sequencing. The underlying stage was made to make a strong base, it tends to be really essential anyway it very well might be quite significant, when this stances are viewed as the center of loads of different postures. The second phase of Yoga Consume carries out body change techniques, it's the longest stage and results might be seen immediately. The third and last stage will assist you with dominating each method, procedure and stunt you have pick up empowering you to see positive results in the energy and by and large energy levels and weight. Fat decrease yoga exercises is accessible in a represented PDF organization and you ought to have free admittance to the instructional exercise Yoga Consume Recordings alongside you. In the event that you or somebody you know is urgently attempting to track down a decent yoga for getting in shape quick strategy, you at that point should endeavor this entire and incredible groundbreaking Yoga Copy framework planned the famous fitness coach and yoga teacher, Zoe Bawl Cotton. Beneath you will discover (incredible) benefits and burdens of using extraordinary compared to other yoga for weight decrease program: Yoga Copy.

Aces

- You may attempt Yoga Consume Free demo time of 2 months (hustle! Yoga Consume Free Path Period can be gotten for an insignificant length, best case scenario!)

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- This yoga for getting in shape technique is incredibly simple to consent to and it is exceptionally intelligent

- Results talk all alone, there are a few tributes you can peruse on the web

- You will improve the energy levels and in general wellbeing inside an actually, genuinely and intellectually way

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- No additional gear of exceptional counting calories required, quickly devouring in any regard

- 60 days cash return ensure allows you to utilize a Yoga Consume Free Download

- Incalculable Yoga Consume Audits promptly accessible for that you unquestionably read fair tributes of different ladies

Drawbacks

- You make certain to get prompt admittance to Her Yoga Privileged insights where you may will discover a PDF book just as having the intuitive recordings, nothing can be really delivered to your record as there is no a printed assortment of Yoga Copy yet

- When you will approach on the web, you'll need a decent online association so you could download what you need without wellbeing concerns

Result

Yoga and weightloss are conceivable because of Yoga Consume. Have you perused another Yoga Consume Audit? In excess of thousands Yoga Consume Surveys support this wellness yoga program with extremely certain tributes. Get the Yoga Consume No expense download and start getting a charge out of the benefits and advantages of a completely fit and sound body. Delivery your creative mind from pressure and reconnect with your body, this yoga to get thinner includes state and church absolutely a smart thought! Enter to Her Yoga Insider facts quickly request the Yoga Consume Program today!

#yoga

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talabib · 4 years ago

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The Secret To Building Wealth

The secret to becoming wealthy is living below your means to save up money, and investing part of it in a way that generates interest for you. You must also understand that you can earn yourself luck by working hard and seizing opportunities bravely.

The secret to building wealth is to save and invest wisely.

Have you ever wondered why some people are better at acquiring wealth than others? Is it because they are thrifty and stuff every penny they save into their mattress, while others squander what they earn on all kinds of trinkets?

In fact, the secret of becoming wealthy lies somewhere in between these two extremes: to become wealthy, you must not just hoard money, but also know how to use it wisely. Of course, the first thing you must do is save up money.

Obviously this means you can’t spend everything you earn, and must therefore live slightly below your means. Perhaps you can, for example, cut back on those little luxuries in life, like the city-weekend in Paris you had planned, or the quilted luxury toilet paper you buy – the regular stuff will get the job done just as well!

But saving up money in this way is not sufficient for you to become wealthy. You must also seek investment opportunities.

This is because the money in your mattress won’t increase in value. Even putting it into a bank will only generate a measly interest.

Instead, you have to invest your savings in something that will generate more wealth, like stocks, government bonds, or funding start-ups. If you do this right, your savings will increase in value with no extra effort on your part.

Whenever you do make an investment though, be sure to do so wisely: only entrust your savings to people who know how to use them.

For example, you shouldn’t give a lumberjack your money because he says he’s going to set up a business buying and selling diamonds. On the other hand, giving your money to a hedge fund to invest wisely can make sense; they probably know the market better than you.

The secret to being financially successful is to always admit how little you know.

Do you consider yourself a knowledgeable person? Wise even? If so, you’re in for a shock.

True wisdom lies in realizing how very little you actually know and admitting it. The ancient philosopher Socrates considered himself wise for admitting: “I know that I know nothing.”

This philosophy should also apply when you learn new things: don’t fool yourself into thinking you now suddenly know a lot, but instead pause for a second to look around.

It is a fact of life that the acquisition of new knowledge simultaneously illuminates further areas of ignorance, if we choose to observe them.

For example, once you learn about the fundamental basics of the theory of relativity, you cannot help but encounter its more complicated and sophisticated areas, which make you realize that there’s a lot more you don’t yet understand. If anything, you now feel yourself more ignorant than before!

Unfortunately, most people fail to realize how little they know, especially in the field of finance. In fact, studies have shown that most adults struggle to use even basic financial formulas – for example, calculating compound interest. What’s worse, they also tend to charge ahead with their tiny knowledge base without pausing to consider all the areas in which they are ignorant.

For example, some people learned the basics of investing in risky subprime mortgages and thought they knew enough to attain wealth through them, but failed spectacularly in 2008 because they had not paused to learn more about their investment. They forgot to ask questions about the sustainability and riskiness of the instrument.

If you do go that extra step and study finance, you can take of advantage of the ignorance of others who didn’t bother. This might, for example, help you spot investment opportunities before others or make lucrative trades with them.

You can only accumulate wealth slowly by learning through a process of trial and error.

Many people dream of becoming rich overnight. But other than winning the lottery, there is very little chance of this happening.

Gaining wealth is a long process made up of countless tiny steps forward and often more than a few setbacks.

But why is this so? Why does acquiring wealth take such a long time? Quite simply because the world is constantly changing, especially financially.

This means that you can never just pick one wealth-building strategy, like investing in a certain stock, and sit back to watch the money come in. The financial system – and life itself – is very uncertain, so sooner or later something massive will happen, like the stock market collapsing. This means you have to adapt to the new situation and learn about new wealth-building strategies, experimenting with them and probably failing in a few. And just as you find your next winning strategy, something huge will happen again.

But through this process of experience and adaptation you will increase your overall ability to invest wisely as you accumulate more knowledge. In fact, this process of trial and error is analogous to the way scientific progress is made: failed experiments can be just as useful as successful ones. So if you make a failed investment in, for example, subprime mortgages, you might learn so much that you can then make successful investments in that same field.

Yet beware of forgetting that by its very nature, trial and error involves making mistakes. This means you need to ensure these mistakes are small, so don’t invest money you can’t afford to lose in an area in which you’re not certain.

Don’t just work for money to afford the things you want today, make long-term investments where your money works for you.

What do you think is the difference between making money and attaining wealth? If you’re like most people, you probably didn’t even realize there was one! But there is an important distinction:

“Making money” describes a process where you work for money, but “attaining wealth” means being in circumstances where money works for you.

To better understand this, imagine that you work as the manager of a profitable factory, and every month you take home a very good wage. Clearly you’re making money, but are you attaining wealth? Not necessarily.

For that, you need to go through the process of saving up and investing some of that money. For example, if you were to save part of your income and invest it in real estate, you would be attaining wealth, because your money would be working for you and not the other way around.

Making money is usually done to achieve short-term financial success: you usually only care about the things you can buy with that next paycheck, while the future is of little concern. But there is an inherent danger in this kind of thinking: what if the next paycheck never arrives?

Attaining wealth, on the other hand, involves longer-term goals. For example, the real estate that you bought won’t bring you immediate wealth; rather, you have to first pay off the investment or wait for its value to increase. This can take a while, but once the investment starts paying off, it will most likely keep doing so for as long as you own it.

This kind of long-term planning can help provide security for unexpected events like losing your job.

Making investments that get paid back with interest can be highly lucrative.

When you borrow money – for example, by taking a student loan – chances are you have to pay interest on it.

Conversely, when you loan someone money, you can expect them to pay interest for it, and this is one of the key ways in which those with money can attain more wealth.

To understand why paying interest is a fact of life, you must first grasp that money is a resource just like employees or raw materials.

Imagine you want to start factory. What do you need? Naturally, you need raw materials to create your products and the manpower to make them. Naturally, you will have to pay for these resources. you also need capital: money with which to build the factory.

In this sense, capital is a resource just like any other, and as such must be paid for. To attract employees you need to offer a salary, and in the same way, to attract capital you need to offer the investors something: interest.

As an investor, interest is an attractive way of building wealth because of its compound nature: you can get your interest earnings to increase over time, because you will also be earning interest on top of interest.

For example, imagine you invest $100,000 in a new business and on the due date the owner duly pays you back the original sum plus ten percent interest, amounting to $110,000.

You then decide to reinvest the whole amount into another business with the same terms. This time when you get back the sum plus ten percent interest, you’ll receive $121,000 – your interest earnings have increased.

You can continue this process indefinitely, always earning more and more interest. As you can see, your money not only works tirelessly for you, it also becomes increasingly effective at what it does over time.

Opportunity is a source of good luck which – unlike chance – may be pushed to occur more frequently.

How would you define luck? Many people think luck constitutes random, serendipitous events. But is this really always accurate?

Say you’re playing in a tennis tournament. You’ve practiced hard for months and prepared thoroughly. In the end, you win the final by clipping the top of the net so the ball bounces just out of the reach of your opponent.

Was this pure, coincidental luck? Of course not, you had earned that luck through your hard practice.

When people talk about random luck, they’re really talking about chance. Chance implies something random and non-influenceable happening, like winning the lottery or being struck by lightning.

Actual luck needs to be distinguished from chance, because luck is not truly random. Instead, people work hard for it and earn it.

So how can you work to make yourself “luckier”? Simply by being constantly on the look out for opportunities to increase your wealth.

For example, imagine an entrepreneur who is interested in consumer technology, and therefore spends time every day reading trend reports, examining the global financial situation and reaching out to innovators in her network.

One day she reads that 3D televisions are expected to be the latest trend, and later that same day hears from an inventor in her network who has discovered a method for producing 3D televisions at half the conventional price. Naturally she seizes the opportunity and starts producing the televisions, becoming very successful.

Clearly her hard work, vigilance and willingness to seize the opportunity were what produced this “stroke of luck.”

Work hard to spot opportunities and seize them without procrastination.

You probably know the motto of the Boy Scouts: “Be prepared.” To find new opportunities to increase your wealth, you, too, should adhere to it.

You have seen how looking for and seizing opportunities can produce good luck, but the other side of the coin is that letting opportunities slip through your fingers produces bad luck, missed opportunities and “If only I had. . .” stories.

So why do people forego opportunities? Far too often it is because they procrastinate.

For example, if the entrepreneur described above decided not to invest in the new 3D television technology and had instead waited for it to prove itself properly and become more established, the inventor would have surely found someone else to invest in their product. You can’t wait for opportunities to be handed to you on a silver platter; you must be proactive and seize them or you’ll miss out.

If you want to increase the flow of opportunities that you see, you simply have to work hard. Study and investigate the areas you’re interested in and build a network, so you’ll be better able to spot and appreciate opportunities when they do come around.

Remember though that golden opportunities really are rare, even if you work hard. This means you might have to wait a while and this can be discouraging because it seems your hard work isn’t producing any results. But your endurance will pay off eventually when an opportunity does become apparent.

For example, imagine an entrepreneur who has invented a radio which requires no electricity at all. She works hard to perfect her product, and then goes around pitching it to investors. For a year, every single potential investor rejects it, saying, “Who listens to the radio nowadays?”

Though disappointed, she keeps at it, until one day an investor realizes that the product is perfect for developing countries with poor power grids. The product eventually goes on to become a great success: her patience paid off.

Make rational choices about your expenses and don’t take on debt.

Have you ever wondered how some people wind up in financial ruin? Usually it’s simply because they make irrational financial decisions.

So how can you avoid this? First of all, you need to make all decisions about expenses and costs using a realistic assessment of your personal needs and your financial circumstances.

For example, say you desperately want a new flashy car. You don’t really need it and buying it would require taking out a big loan on very unfavorable terms. Clearly you should not get it, but let’s say you do anyway.

Now you’re using most of your income to pay off the interest, and eventually you hit the point when you should pay back the actual debt. You can’t afford it, so you take another loan just to pay off this one.

Just like that you’ve ended up in a debt spiral, and had better hope that the flash car is also comfortable to sleep in.

In fact, taking on debt in general is a bad idea, because you won’t be able to save up money to invest and accumulate wealth. Instead you’ll be spending your income on paying back the debt.

Perhaps somewhat surprisingly, this can also be bad for the creditors, because it deprives the debtors of the chance to increase their wealth. This makes them financially unstable, which can lead to them defaulting on the debt entirely – every creditor’s worst nightmare.

For example, in the recent Eurozone crisis, Greece was deeply indebted to the European Central Bank. The country had to make payments on that debt, so it could not invest in areas like schools, infrastructure, transport and so forth, which would be beneficial for the economy in the long term. Without these investments, the country would never attain the wealth to pay back the debts fully. This could lead to defaults that leave both parties worse off.

Thus in some cases it may be wise for creditors to suspend debt payments to let their debtors get back on their feet.

#The Secret To Building Wealth

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avoutput · 7 years ago

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Gaming And Film: The Tomb Raider Example

A golden opportunity has arisen. I get to make another example of the star crossed genres, Film and Video Games. Two narrative forces bound by their visual narratives, but separated by a single major mechanic: Control. But a new challenger has arrived, or rather a returning challenger, another gaming legend. Tomb Raider. The gods have deigned Square Enix another chance at the big screen after their massive flop at the box office over 20 years ago with their own classic title, Final Fantasy. Gaming has made its way back to the big screen with Tomb Raider “parenthesis 2018 film” starring the legend herself, Lara Croft. Well, it stars a real actress, Alicia Vikander, but you know what I mean. Gaming has its own stars. Previously, this role had been played twice before by Angelina Jolie in Lara Croft: Tomb Raider (2001) and Lara Croft Tomb Raider: The Cradle of Life (2003). This gave me a very unique opportunity to take a jump back in time to gaming’s initial foray into the world of the Third Dimension (3D), its replication of cinematic narrative structure, and all of the freedom that comes with giving the player the ability walk around in that space, instead of just watching. It was during this 3D polygon era that cinema took a fundamentally flawed stance to the translation from game to film; they tried to duplicate as much of the minor details as possible in effort to reanimate and profit from a movie going audience. In doing so, they sacrificed the heart of good cinema trying to capture the flavor of the game, hoping that the only thing fans would need is a the skeletal carcass of their favorite game.

By the time that first installment of Lara Croft: Tomb Raider (2001) had hit the screens, there had been 4 full games released, none of which would ultimately become the story of the film. They surmised that simply making a film that imitated its main attraction, a (British) woman who raids tombs for treasure, would suffice. And in a way, this might be the most correct course of action. There had already been series of similar action films to take from, including Indiana Jones, James Bond, Mission Impossible, and Jackie Chan’s Armor of the Gods. With the games already pulling inspiration from these existing films, intentionally or not, it doesn’t seem that unreasonable to think that a film version of Tomb Raider would succeed at the box office. All they needed was to eject the male as the lead and pop some abnormally large breasts on an otherwise perfectly attractive female figure. But then the real question becomes, why make this film based on a video game character at all? Obviously brand recognition and the all mighty dollar, both domestic and international, but wouldn’t they need more to really entice both the fans and the uninitiated alike? And this exposes an issue with the Hollywood mindset that, while I have come to understand, I can’t abide or come to terms with. Forsaking the heart of intelligible film making in favor of a return on investment. When art and capitalism mix in which the art comes second, the audience usually loses, and the house of Hollywood usually wins or breaks even. Because for the audience, what’s on the line is a chance to make a good video game into a great movie, and if that movie flops, then investors look at not just the game franchise, but all gaming films as a risky or unworthy investment. Stranger still however, is what ended up happening with Tomb Raider. It returned big on its initial run, almost certainly powered by Jolie’s star power. But when you make a cheap, flimsy version of a game into film, and it works, it becomes the model that all video game films run on. We end up being served a deformed representation of something that, in my opinion, never stood a chance of becoming anything more than a cash grab. (See: Resident Evil (2002) starring Milla Jovovich)

At no point does Lara Croft: Tomb Raider (2001) or its sequel try to become more than a cheap representation of its source material sewn together using existing action-adventure movie tropes. The original games themselves offer little more than an exploratory cave diving, gun slinging shell for people to play in. Games (at the time) were not as harshly criticized for taking huge leaps in story, tone, or realism, but the films never really took that risk. In the game, Lara shoots at bats, bears, and wolves while cave diving. Yet, both Lara Croft: Tomb Raider (2001) and The Cradle of Life (2003) look indistinguishably bland compared to other films of their era like LOTR: Fellowship of the Ring, Swordfish, Training Day, Jurassic Park III, Pirates of the Caribbean, Kill Bill, The Matrix Reloaded, and many more. Granted these budgets are a bit more inflated, even their smaller moments are better than Jolie’s biggest. In fact, some of the stunts seem to come right out of the Mission: Impossible series. Taking a game thats little more than an empty, fun action platformer and trying to build an entire film franchise around it without adding some spark of originality or building any sense of a larger world for its characters will ultimately lead to a lackluster, forgotten film. Anybody watching these movies today are only returning because they might be a fan of the franchise, which might be the only win under the belt these films, but it’s another loss for gaming, gamers, and film.

Moving into the next generation of consoles and computers, as games become more modern, they began to more deftly integrate cinematic techniques. Game creators can control the world, the camera, and the characters with complete freedom, unlike film which has to worry about pesky things like props, actors, and reality. In 2013, Tomb Raider was re-imagined by Crystal Dynamics and published by Square Enix. They created a more sleek and vibrant world that embraced a mixture of realism and paranormal. Lara was modernized, made a bit more youthful, and her skillset was more refined and deadly. She went from a caricature to a character and her adventure matured into something a bit more robust. Coupled with expert pacing, the new Lara Croft moves through her deadly environment and faces foes head-on in the same vein as Indiana Jones. Only she is a bit more willing to pull the trigger or sling an arrow. I don’t want to continuously gush about this game, so to summarize, I will just say this game was by far one of my favorite action games in this last generation. This reinvisioned version would become the basis for the recently released Tomb Raider (2018), and I was excited to see what kind of adaptation would spring forth. After the many, many Hollywood failures, had gaming finally caught up so completely to cinema, possibly even overtaken it, that it could allow for an easy transition from game to film?

As much as I don’t want to spend the entirety of this review discussing the differences between the film and the exact game it was based on, that is technically the point of this article. Still, I’ll spare you a lengthy diatribe and stick to the key differences between Jolie and Vikander’s Lara Croft. In this version, the realistically re-imagined Lara Croft is crafty with a bow instead of guns, inexperienced instead of an expert, and hasn’t attended any higher learning in pursuit of abandoning her heritage to find her own way. These also happen to be departures from the Crystal Dynamics’ Lara Croft as well. However, I found that these character changes spoke the language of cinema better, making for a more relatable character, especially for late millennials and gen Z at which this version is aimed.

Tomb Raider (2018) stars the new Lara Croft (Alicia Vikander) as she takes on the challenge of living life as a broke young woman in the big city. But, a twist, the young lady is broke by choice, turning down the opportunity to take up her family name and with it , the family business. Angry that her father, Lord Richard Croft (Dominic West), never returned from a business trip and is considered dead, she mounts a personal battle against her heritage. Through a series of turns, she finds a final message from her father in a secret bunker outside her family estate, warning her to burn all of his research just in case some bad guys come looking for it. Instead, of course, she sets out to find the last place he was said to have visited, enlisting the son of the man, Lu Ren (Daniel Wu), whose boat was to have taken her father to his final resting place. At this point the film finally takes a similar shape to the game, introducing Mathis Vogal (Walton Goggins) as the leader of digging team sent to find the treasure of Lady Himeko’s tomb. Vogal has been employing as slaves shipwrecks and treasure hunters who have come to the island in search of such a treasure.

At this point, I would like to praise this film for actually making a decent adaptation of the game. The actors are great, the story is pretty tight, and they do a pretty good job keying you into just how far Lara will have push herself to get what she wants. Unlike Jolie, who was characterized as a fearless expert, Vikander is an inexperienced young girl who struggles at almost every turn. Throughout the film, she misses, she loses, and she takes hits, which is similar to the game, except when you lose the game, it had some pretty incredible death scenes. But in a way, I personally liked her Crystal Dynamics video game persona better. She was both experienced and still struggled. She used her wit and cunning to elude her captors. In the 2018 film, Lara spends most of the runtime falling into situations and just kind of winging it, but not with tools or weapons found in the game, mostly just through luck. My only other criticism is a bit of a spoiler if you have played the game and not seen the movie or have seen the movie but not played the game. But here it is. The film rejects the concept of the supernatural, which is one of the biggest reasons I wanted to see the film after having played the game. The game continuously hints at the supernatural, but only towards the end do we actually see it in action, which totally caught me off guard. I half expected some ancient local tribe would be behind some form of sabotage from the shadows, like in an episode of Scooby Doo. But how does this stack up as a video game film? Can we build a new legacy from here?

Well, unlike the Jolie era, video games and film are not so different anymore. In fact, film often doesn’t have the runtime to contain an entire video game plot into a single movie. The golden age of television would be a better place for your favorite game stories. Japanese anime has been doing this for years with shows like Star Ocean EX and Persona 4 The Animation. In a very short time, film has been surpassed as an entertainment medium in size, scope, and runtime/playtime. But the one thing that you can feel has really changed in Hollywood is that they no longer underestimate the need for authenticity in the transition. Gaming films are getting better because gaming has become better. The stories they tell are taken more seriously, and triple-A titles have bigger budgets than some triple-A films. Gaming companies could be looking to invest in adaptations to film, seeing them as an extended product to their own. With that dollar power and some guaranteed butts in seats, we should be able to expect better films. I would like to imagine if both Godzilla and King Kong can be re-imagined into great films that also get to share the same universe as a plethora of tokusatsu monsters that gaming can get of its ass and produce some better films. Still, it was only 2 years ago that Resident Evil: The Final Chapter (2016) was released, ending a series of terrible video game films that did nothing to elevate games as critically good films. Assassin's Creed (2016) also didn’t help.

The thing is, we don’t need video games adapted into film. Gaming has its own thing going on, and when it’s done right, it does it all bigger and better. But, if we are going to continue to see them pushed into film, let’s at least get a few things straight. First, there is a balance between authentic and creative. Take care to have a vision for the film beyond simply taking a bird’s eye view of the game and applying that visual to the film. The old Tomb Raider was built on the back of action genre films we had already seen and for the most part lacked any sense of creativity. It was authentic to its source from afar, but up close it offered nothing for fans beyond a push-up bra and two guns. Second, be aware of the scope of the game’s world. More and more games are open world, meaning that the world is going to be as much a character in its own right, so don’t forget that it exists. Even older games can have a vibrant world. A good example is Castlevania, which saw an amazing mini-series produced by Netflix. The story was small, but it never betrays the world in which it takes place. Now more than ever, the lines between gaming and cinema have all but been erased, so narratively, you can take a much more direct approach to the translation. Feel free to rewrite the story as long as it doesn’t forsake the game’s characteristics. Games are no longer manufactured for control alone, they have well thought out characters, themes, and motifs, all with a joined motive. If Lara Croft has taught us anything, take calculated leaps, not blind jumps into the abyss.

#Film #Review #Articles #Tomb Raider #Gaming #Alicia Vikander #Lara Croft #Angelina Jolie #Playstation #Playstation 4 #PC Gaming #Steam #Streaming #Xbox #XBONE #XBOX 360 #PC

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theesoopap · 4 years ago

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To Be an Angel Investor Is Easier Than You Think

The good news is that you don’t need to be a millionaire to become a business angel, but there are a lot to learn.

Here is what you should learn.

1. You must not start Big

It can be tempting to throw money at every pitch deck that you receive. There are tons of Start-ups looking for funding every day, in every sector and country on the planet. While everybody talks about the insane multiples achieved by early investors in unicorns like Uber (>2500x), nobody talks about the failures. There is a very high probability that 9 companies out of 10 in your portfolio will eventually fail or barely break-even.

Hence, I strongly advise you to take a very careful approach by first investing relatively small amounts ($6000). This will allow you to invest in different companies and climb up the (steep) learning curve of angel investing.

It is important to understand that anything below $6000 might prevent you from entering most rounds. Crowded cap tables with lots of small shareholders can be difficult to manage for founders. VCs are also not very fond of this.

Don’t forget that there is a very high chance that you will never see the money you invested in these startups again. You have to be able to stomach this.

Be patient, and once you feel comfortable, increase your ticket size. Don’t FOMO, tech is not going away, so there will be plenty of opportunities around once you feel ready. I started too big too early, and have now significantly reduced my ticket size.

2. Count on your peculiarity

A very experienced business angel who lived through the dotcom boom and successfully sold his startup told me one of the most important pieces of advice.

Before you start deciding on the themes you want to invest in, know what you don’t want to touch.

This is key because it will give you more headroom to focus on where you are good at. I decided to exclude social and mobile games because I never really understood the dynamics that were driving these markets. I now feel comfortable passing on these investment opportunities.

On the other hand, you also need to specialize to develop an edge. Use your own experience for that. I worked in Mobility for 4 years, so I had spent a lot of time experiencing first hand what works and what doesn't. Use this proprietary knowledge and leverage it, it will allow you to eventually score your biggest wins.

3. Make your vision and work on it.

Since there is an endless stream of companies looking for funding, I felt overwhelmed at first. How was I suppose to make decisions with this amount of decks to review? Would I eventually FOMO? It quickly became apparent to me that I needed to put a rating system in place to filter out the most promising ones. Most top VCs invest in <1% of the pitch decks they see, and “no” is their standard answer. I decided to apply the same rigor to my approach and build a model.

I used the factors listed as decisive by Peter Thiel in his classic Zero to One and added my touch to it. Companies are rated from 0 to 5 on every factor, and those with a score below 70 are automatically eliminated. I review those with a score above in detail and if they are promising, I meet with the founders.

A simple yet efficient way to filter deals.

It also allows me to keep track of all my decisions and get back to them later. In a few years, I might find out that I passed on a Unicorn. But at least, I’ll know why, and I’ll be able to adapt my ratings if necessary. Then I’ll go crying.

4. Do the unthinkable

You might be perceived as a small fish in a big pond with $6000 tickets and little experience in angel investing, but this doesn’t mean you won’t be able to access good deals. You need to differentiate yourself by offering something most big business angels don’t have: time. If you are a product manager, offer the startup to help them on their roadmap. If you have expertise in growth, assist them in building out their acquisition channels.

Compensate the fact that you will not invest a high $ amount by adding value to the business and by being hands-on, for free. You would be surprised how often this will get you through the door. This will not only be very appreciated by founders but it also allows you to hedge your bets by being active.

Be good, be helpful, and open your network.

Make sure to take important aspects into account: raising funds is time-consuming. It often prevents founders from focusing on their core tasks, i.e. growing their company. Be a good BA and say yes or no quickly, ideally not more than 2 days after you talked to them. Your reputation matters.

5. Streamline your Deals

To invest in the best startups, you have to have access to the best opportunities. While there is an endless flow of pitch decks flying your way, many of them aren’t very interesting. Getting access to the best startups without being a renowned business angel (i.e. mostly successful founders) can be tough. So, as Paul Graham said: do things that don’t scale.

· Screen companies: Subscribe to newsletters in the sectors that interest you the most. Follow the founders of companies that inspire you on Twitter. Set Google alerts on funding. Install the Kima plugin to see their latest deals.

· Cold email Founders: Once you found a promising company, email their founders and give them feedback on their product, be useful. Once they start raising funds, they will remember you.

· Leverage your Network: Ask people around you if they recently tested cool new products. You will be surprised to see how many good leads you will get.

· Build your brand as a Business Angel: Write about it (yes, this medium post falls in this category), Tweet about it, talk about it. Make sure people are aware that you are active. Start generating inbound leads.

· Try Crowdfunding: Did you know that Revolut or Monzo, which are now worth Unicorns, went through multiple rounds of Crowdfunding? The biggest platforms in Europe are Crowdcube or Seedrs. These platforms are great to get dealflow, but be extra careful when reviewing pitch decks, the overall quality tends to be low these days.

· Join a syndicate or a Business Angel Club: Let others do the heavy lifting for you. Bear in mind that some of these clubs/syndicates charge annual fees or require a minimum amount invested.

6. Adaptability is Vital

If you spent a bit of time thinking about your overall investment strategy, you might have heard about Markowitz’s modern portfolio theory. One of its key findings is that diversification reduces risk while allowing you to secure the optimal return. In other words, you don’t put your eggs into one basket. The same applies to startup investments.

Credits: Simeon Simeonov

This chart tells one thing: the more companies you own in your portfolio, the more likely you are to generate a profit. With only 5 companies in your portfolio, you only have only a 50% chance of making your money back. Many angel investors consider 15 to 30 holdings as the sweet spot. On the other hand, having a concentrated portfolio could become hugely profitable if you have a winner in it. But it’s more of a gamble.

Aim for a number of holdings that match your resources. If you want to invest $30000 per year, and your ticket size $6000, you should end up with 15 holdings.

This leads me to another brilliant insight I learned from a veteran investor: startup investments are like wine vintages. Some years are exceptional, and even startups that you weren’t so sure about end up becoming a success. And other years are complete disasters, and all startups go bust. To avoid this, invest in at least 3 different vintages!

My gut feeling tells me that startups raising in 2020, amid a global pandemic, will have a very higher chance of succeeding! Valuations are becoming more reasonable, startups focus on profitability and are frugal when it comes to spending. Now is the time to be aggressive and scout for the best deals.

7. Master your principles

Funding rounds are complex. There is a lot of legal paperwork involved, the terms can be difficult to understand and it’s full of idiosyncratic jargon. Make sure you understand what you are getting yourself into before committing a single €.

Educate yourself about term sheets, valuations, share types, liquidity preferences, etc. There are many great resources out there:

· Ultimate Start-up Funding Guide by Crunchbase

· YC guide about raising a Series A

· Term Sheet by the Galion Project (French)

You might also want to ask a lawyer about the tax implication your investments can have. Be prepared.

8. Double down on the champion

Investing in early-stage startups is a risky business, and there are high chances that most of your companies will go bust or barely break even. However, if you have the chance to own shares in a company that proves to be a success, double down on them by investing in subsequent rounds. This increases the size of this holding in your portfolio and will mechanically reduce the overall risk of your portfolio.

This approach is called “follow-on” and is actively used by VCs. Wondering why? Let’s listen to what Marc Andreesen said, founder of Netscape and one of the most successful VC firms, a16z:

The key characteristic of venture capital is that returns are a power-law distribution. So, the basic math component is that there are about 4,000 startups a year that are founded in the technology industry which would like to raise venture capital and we can invest in about 20.” “We see about 3,000 inbound referred opportunities per year we narrow that down to a couple hundred that are taken particularly seriously… There are about 200 of these startups a year that are fundable by top VCs. … about 15 of those will generate 95% of all the economic returns … even the top VCs write off half their deals.

In other words, these winners will pay for all the failures in your portfolio, and they’ll generate a profit on top. If you don’t take advantage of the power-law and aren’t ready to double down on your outliers, you’ll miss out on most of the opportunities.

To avoid dilution and protect your line, you need to double down. This means that most of your capital will eventually flow into these follow-on investments. Make sure to have a buffer to react quickly.

Wrapping up

Even though everybody thinks they have an edge on other investors, they probably don’t. Unfortunately, both you and I will likely lose 9 out of 10 bets. If the remaining one is the next Zoom, then we will be doing great. Otherwise, we might end up losing money. Some VCs believe most angel investors will end up with a negative IRR on their portfolio. The good news is that most VCs do as well.

Although I’d rather avoid ending up in this situation, I would not regret the investments I made because they allowed me to learn invaluable lessons. If I became a better investor, it’s by actually putting my money where my mouth is. Nothing replaces learning by doing.

However, angel investing should NOT be the backbone of your overall financial strategy. Allocate only a small portion of your net asset (5 to 10%) to these bets, and put the rest of your money in less risky assets like equity and bonds. Best of Luck!

#angelinvestors #angelist #nonprofits #techstartup #theesoopap

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israelqouf187-blog · 4 years ago

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The Hidden Dangers Of Your Pre-Workout Supplements.

There are a million and one pre-exercises accessible in the market

Picking one can nearly feel as precarious as picking a long lasting accomplice for yourself. While I can't assist you with finding the correct individual to date, I unquestionably can give you a couple of fixings you have to pay special mind to in a pre-exercise, so you don't wind up with an ineffectual enhancement. Or then again more regrettable, one that hurts your wellbeing.

Are you game? Here we go:

What it ought to contain

Creatine

"What's creatine," you inquire? It's a particle that is delivered in your body from amino acids. It's fundamentally made in the liver, and less significantly, in your kidneys and pancreas. Creatine is liable for recovering ATP — the essential vitality transporter in your body.

Outline Showing Sources of Creatine in and outside the body

Be that as it may, so imagine a scenario where it recovers ATP.

All things considered, have you at any point battled with completing your last arrangement of overwhelming squats since you were simply excessively worn out? Creatine can help stretch out the time you take to get depleted by giving you more vitality. In this manner, the atom assumes a basic job under states of high vitality request, for example, exceptional physical or mental movement.

On the off chance that you expend creatine before your weight-lifting meetings, you'll experience enhancements in both quality and force yield. Likewise, in case you're worried about pressing on muscles, it doesn't hurt that creatine can expand fit mass unobtrusively.

So — enhancement in quality, force, and working of fit bulk just from creatine? If it's not too much trouble include me.

Beta-alanine

In the event that you've always been unable to complete the fifteenth rep of your working sets effectively, another exacerbate that you need to take a gander at, other than creatine, is beta-alanine — a adjusted adaptation of the amino corrosive alanine.

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Why?

All things considered, in light of the fact that beta-alanine is fit for improving muscle perseverance. It does as such by battling exercise-actuated lactic corrosive creation. This is the reason it'll take a progressively broadened time of effort before you experience the normal, regularly difficult consuming sensation in your muscles than you would have in the event that you hadn't taken beta-alanine.

Truth be told, numerous exercise center goers often find that they are out of nowhere equipped for pushing their bodies through an extra rep or two in the rec center in any event, when preparing in the high-rep extend (12–15 reiterations).

Caffeine

Turns out: caffeine is in excess of a route for you to remain alert during that Monday morning group meeting that consistently happens too soon in the day. This ground-breaking energizer is compelling at improving a few parts of activity execution.

Which ones? How about we investigate:

· Power output — there has all the earmarks of being a dependable and noteworthy upgrade in power yield in both prepared and inactive people.

· Training volume — caffeine ingestion, comparative with fake treatment, has been appeared to build the general work performed during an exercise; this stretches out to both weight-lifting and anaerobic cardiovascular exercise.

· Anaerobic running capacity — the compound has been appeared to profit anaerobic cardiovascular exercise; and this is accepted to be because of both caffeine's antifatigue impacts and improvements in power yield.

Streamlined ATP cycle chart

What it ought not contain

Dubious enhancements

You ought to know that supplements simply aren't controlled with a similar sort of toughness as food items may be. All things considered, there's consistently a hazard that you're putting your wellbeing in danger when you choose pre-exercises that contain questionable enhancements like the accompanying:

Yohimbe

We should simply begin our conversation off by saying that Yohimbe supplements are prohibited in numerous nations, including Australia, Canada, and the United Kingdom. Presently, alerts ought to ring in your brain: for what reason would this enhancement be restricted on the off chance that it wasn't perilous? Also, perilous, it is.

Yohimbe is a profoundly stimulatory aggravate that causes a few conceivably risky side effects — gastrointestinal trouble, expanded pulse, nervousness, and high blood pressure — even when taken at suggested measurements.

As I would see it, the fat-consuming advantage of Yohimbe simply doesn't exceed its serious dangers. You should avoid any pre-exercises that rundown Yohimbe as one of its fixings.

Acacia rigidula

It would be ludicrous for you to eat something that has not been tried for wellbeing presently, wouldn't it? But then that is the thing that you'll be doing on the off chance that you take any pre-exercise that contains Acacia rigidula — an untested energizer supplement.

No examination implies no admonition marks: you won't know whether the sum that you're taking is sheltered. Scarily enough, in spite of the absence of proof for Acacia rigidula's belongings and the nonexistence of security testing, it's still routinely found in supplements.

Supplement makers are regularly just worried about supporting their net revenues, not your fit bulk; which frequently prompts flawed mixes as yet winding up on store racks.

So — this is the place a recognizing and taught purchaser, for example, yourself, comes in. You have to filter the fixing list altogether before purchasing that new jug of pre-exercise.

Restrictive mixes

Did you realize that organizations don't need to reveal what's in their 'restrictive mixes'? You'll never realize what these blends contain, nor the amounts that they're in. I don't think about you, however this fair agitates me.

I would need to realize what I'm placing in my body each and every time I remove a scoop from my pre-exercise bottle. Particularly in case you're a wellness aficionado, who heads to the exercise center 6 times each week. After some time, that could indicate a lot of sketchy powder you're getting into your framework.

You ought to consistently choose organizations that are 100 percent straightforward with their fixing list — don't burn through cash on 'filler' or insufficient fixings.

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drakeramoraythedoctor · 3 years ago

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professional options trading course options ironshell South Carolina Yes, Options Strategies allow you to profit from multiple directions and cater to even more specific outlooks and is one of the most unique features of options trading.

professional options trading course options ironshell South Carolina In fact, each option strategy is a study on its own that requires long period of learning and trading to master.

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When operating a small business, you need to assess the risk associated with a venture. You also need to assess the risks and potentials associated with the success or failure of the business. This same ideology needs to be put towards options trading. If you can honestly assess yourself as someone with the self discipline to follow through with a reliable options trading strategy, then you may very well be extremely successful with options trading. Also, how well can you handle losing trades? Are you able to handle losses and pick things up and start the process over again? If you are then you may very well embody the proper psychological makeup for succeeding with options trading. Those that cannot handle the pressure of the occasional loss would be better served looking towards another investing strategy. It has been said success starts with the right mental makeup. If you can adapt your mindset to your psychological approach to trading, you may find success is not as elusive as you think. How People Lose Their Shirts in Options TradingYou must have heard horror stories surrounding options trading before. Stories such as how some people lose their whole account within a few days and even stories of options traders going bankrupt in express time. These stories have no doubt cast a shadow over options trading and there are even people who now tout that options trading is as risky as futures trading. trading options for income newsletter South Carolina See how much learning it takes to place your first options trade? Yes, options trading require investment knowledge that goes beyond merely buying and selling and is as much a science as it is an art.

options trading discord South Carolina

Those that can be considered quite aggressive in their approach may look towards possibly using options as a hedge to their portfolio. Again, your own personal psychological makeup regarding comfort levels of trading in essential in options. This will certainly help promote your ability to discover the proper answer to whether or not you are cut out for options trading. How can you discover whether or not you have the mindset of an options trader? The first step involves honestly answering whether or not you are someone that possesses the discipline to be an options trader. Some may believe they have the discipline to succeed. However, believing you possess certain attributes to a specific degree and actually possessing those attributes to the proper degree are two completely different things. Knowing exactly where you stand in terms of your mindset and your levels of discipline will aid in boosting your chances of success. For example, someone who needs to keep fiddling with their account by buying and selling every few days isn't someone who should be investing in options! The commissions alone will eat you up. Similarly someone who like a lot of excitement in their trading should probably stay away from options. Having a quality options trading strategy is helpful. Putting the options trading strategy through to fruition is even more helpful.

advanced butterfly options trading course South Carolina If you can adapt your mindset to your psychological approach to trading, you may find success is not as elusive as you think. How People Lose Their Shirts in Options TradingYou must have heard horror stories surrounding options trading before. Stories such as how some people lose their whole account within a few days and even stories of options traders going bankrupt in express time. These stories have no doubt cast a shadow over options trading and there are even people who now tout that options trading is as risky as futures trading. Well, strange thing is, after more than 15 years of trading options, I have never experienced losing all my money within a few days nor going bankrupt. This led me to wonder why these things happen to some options traders. After some investigation, I conclude that it is not options trading that breaks accounts but specific things some options traders tend to do, especially beginners, that opens the door to such financial disasters. I narrowed these reasons down to two main ones. The first of these is that some options traders trade options just like they trade stocks; buying call options with their whole account on that one "hot stock. "Yes, this is the number reason why most options beginners lose their shirt. Most beginners to options trading do with call options exactly what they do with stocks when they have a "hot tip"; throwing their whole account into that single "hot" trade.

alerts for limit price in trading options South Carolina Are you able to handle losses and pick things up and start the process over again?

trading options on robinhood South Carolina This means that you do not have the luxury of holding on to bad trades forever, hoping they will come back in a few years time. Professional options traders like me only enter a single position with money we can afford to lose. If I intend to lose no more than 10% of my account on any one trade, I do not use more than 10% of my account in a single trade. That's right, you NEVER buy a single options position or options contract with all the money you have! Although that would have made sense in stock trading, it is pure suicide and gamble in options trading. The other reason is trading credit spreads or naked option writing without using stop loss. Many options beginners were taken in by the apparent "free money" phenomena of writing naked options positions unaware that most of these credit strategies have unlimited loss potential. For instance, if you wrote call options (shorting call options), you would make a fixed premium in profit if the stock went downwards or sideways. Some "gurus" call this "playing bookmaker". Well, they are right that you are playing bookmaker to gamblers by selling options to them but they forgot to mention the fact that sometimes, gamblers win big too. When you write call options, your position will make an incrementally bigger loss as the stock price rises! It will continue to make bigger and bigger loss as long as the stock continues to rise. This is what is known as an unlimited loss position. This loss is often, or always, much bigger than the premium you received from selling the options. Before you know it, your entire account is wiped out on this one trade because the stock refused to go down as you expected it to. Does that mean we should not trade credit spreads or naked writes ever again? Not really. These are excellent options strategies but only if you trade them using a specific and definite stop loss point. Yes, most options trading beginners trade such unlimited loss potential credit spreads with stop loss points but most of them give in to emotion when it's time to stop loss and hold their positions beyond their stop loss points in hope that things will turn around, which most often, they never do. Professional options traders always trade unlimited loss potential positions with an AUTOMATED stop loss point. That's right, automated stop loss that works without human involvement. This can be in the form of a stop limit, contingent order or trailing stop loss order. As long as you do not have to physically execute the stop loss. Physically executed stop losses are stop losses that rarely gets executed. Remember that. Buying options with your whole account and trading unlimited loss potential options positions without stop loss points are the two main reasons most options beginners lose their shirt. Take heed of my advice here and you would go through your initial options trading years in much more safety. How to Learn Options TradingMost people think they can learn options trading the very same way they learnt stock trading, which is just buying an options on stocks they think will do well. It's just that simple isn't it? Well, the simplicity ends when they discover that there are not one kind of option but two and each kind of option has countless strike prices and expiration dates! That's right! They suddenly realize that there is much much more to options trading than stock trading. Yes, stock options are a totally different ball game from stock trading even through they are used for the very same purpose of profiting from moves that stocks make. Yes, the fact that you are presented with so many different strike prices and expiration dates instantly tells you that there is no way to just pick on and profit. Much less trying to learn by trial and error. Yes, trial and error is very expensive in options trading as you cannot hold on to a mistake like in stock trading forever hoping for a come back. Options expire so options don't give you the ability to hold on to your mistakes forever. So, what is the correct way to learn?To learn how to trade options, you need to first of all learn what call options and put options are. All optionable stocks come with both call options and put options. Call options allow you to buy a stock at a fixed price no matter what price the stock is and put options allow you to sell a stock at a fixed price no matter what price the stock is. This means that if you buy a call option and the price of the stock goes up, the call option would make a profit because you still have the right to buy at a price lower than the stock price. As such, you would buy call options when you think a stock is going to go up.

Again, your own personal psychological makeup regarding comfort levels of trading in essential in options. This will certainly help promote your ability to discover the proper answer to whether or not you are cut out for options trading. How can you discover whether or not you have the mindset of an options trader? The first step involves honestly answering whether or not you are someone that possesses the discipline to be an options trader. Some may believe they have the discipline to succeed. However, believing you possess certain attributes to a specific degree and actually possessing those attributes to the proper degree are two completely different things. Knowing exactly where you stand in terms of your mindset and your levels of discipline will aid in boosting your chances of success. For example, someone who needs to keep fiddling with their account by buying and selling every few days isn't someone who should be investing in options! The commissions alone will eat you up. Similarly someone who like a lot of excitement in their trading should probably stay away from options. Having a quality options trading strategy is helpful. Putting the options trading strategy through to fruition is even more helpful. But, once again, there is a big difference in having the desire to follow such a process and actually following through with it.

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skillworthy · 3 years ago

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Best programming language to learn

There are around 300 programming languages out there in our country. The interest and distinction of programming lingos waver every year. Moreover, new programming languages are going with engaging features.

However, if you are starting your programming calling in 2021 or accepting you need to get comfortable with your first or second programming language, it is quick to learn one of the norm and set up programming lingos. The best programming vernaculars to learn in 2021 are recorded underneath. Recorded program lingos are top 10 programming languages in India.

Top programming languages of 2021 in India

Python

In 2008, Python went through a tremendous update and improvement with the cost of introducing basic breaking changes by introducing Python 3.

Today, Python is universal and used in various spaces of programming progression, with no sign of moving down. Python is best programming language to learn in 2021

Key Highlights:

Pros:

Cons:

Note ideal for Portable Figuring. Python’s informational index permission layer is fairly juvenile and rough.

Use/Application: Web and Web Improvement, Logical and Numeric applications, Work region GUIs, Business applications. It is by and large used in AI(Artificial Insight) and AI space.

JavaScript

The other enormous forward jump of JavaScript came around 2010 when Google conveyed a JavaScript based Web progression structure AngularJS.

Today, JavaScript is perhaps the most by and large used programming lingos in the world and runs on basically everywhere: Programs, Workers, Cell telephones, Cloud, Holders, Miniature controllers.

Key Highlights:

Pros:

Cons:

Java

Java is at this point the principle programming language for tries. Java is seen as a best programming language to learn in 2020

Key Highlights:

Pros:

Cons:

Memory the chiefs in Java is exorbitant. The deficiency of configurations can confine you to make great data structures.

Use/Application: Java for the most part used for making Android applications, web applications, and Enormous data.

In 2000, Tech beast Microsoft decided to make their Article Arranged C like programming language C# as a segment of their .NET drive, which will be directed (run on a Virtual Machine like Java).

Key Highlights:

Pros: C# uses essentially similar accentuation which follows by C so it direct for the people who know C language. Basic Mix with Windows. Totally consolidated with the .NET library which offers induction to a document of convenience and support. Safer than its namesakes (C/++) as pointer types are not permitted

Cons: It grants pointers in ‘risky’ blocks.

Usage applications: Broadly used in Big business Cross-Applications Advancement, Web Applications For more details visit this programming languages to learn blog of Smartknower.

#python #java #javascript #smartknower

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micaramel · 5 years ago

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Artists: Anna-Sophie Berger, Tina Braegger, Gabriele Garavaglia, Lorenza Longhi

Venue: Milieu, Bern

Exhibition Title: No Joke

Date: February 1 – March 7, 2020

Click here to view slideshow

Full gallery of images, press release and link available after the jump.

Images:

Video:

Gabriele Garavaglia, Windscape Technomind, 2020, AAC file, 360 degree speakers, environmental

Images courtesy of Milieu, Bern

Press Release:

Resilience in the Twentieth-First Century1

Ulrich Bröckling

The key terms in which the signature of a time are paradigmatically compressed are seldom of a purely descriptive nature. They purport to be equally diagnostic and transformative: they concentrate the challenges which an epoch sees itself as facing and simultaneously show how these may be confronted. They incite action and point out the direction in which it should be directed. For the first two decades of the twenty-first century, such a key concept is without doubt that of resilience.

The concept originally derives from materials physics and, in that context, it indicates the property of elastic materials to return to their starting position after a given deformation. If one transfers the concept onto biological, technical, social or ecological systems, resilience then denotes the oscillation that a system undergoing modification experiences as it attempts, through its own forces, to restore a state of equilibrium. In a further sense, resilience describes the capacity of a system to maintain its fundamental structure and functions by absorbing disturbances or withstanding them.

By now a wealth of attempted definitions and discrete concepts of resilience have arisen — for instance in developmental psychology, social work and health sciences, security research and disaster sociology, ecological systems theory and sustainability research, geography and economics. Although they cannot all be reduced to a least common denominator, they do overlap and influence one another. And there are countless programs to promote resilience in these fields and many others. Resilience serves as an overarching key for dealing with risks, hazardous situations and incalculable events of disruptive change. It is less about preventing them from happening than about developing the ability to adapt oneself to them and to over- come their effects.

Resilience programs are not about altering high-risk conditions, nor about causing individuals or groups to desist from risky behavior. Rather, the measures aim to adapt people to the risks. Instead of the strain being reduced, one’s capacity for functioning under pressure is increased. One has bid goodbye to the hope that fearful negative future scenarios can be averted. Hardly anyone believes anymore that things will end up all that bad — so long as all of the necessary preventive measures are taken at the appropriate moment. What was once a rage for prevention has shrunk to a mere anticipatory coping: if we can’t prevent something from happening, at least we can be prepared for it. We can’t offer our children a better future, but at least we can equip them for a worse one. The pressure at work (and the even great pressure of not having any) cannot be turned off, but something can be done to avoid becoming desperate. The promotion of resilience is survival training for everyone. Perhaps this also explains the popularity of incorporating elements of outdoor education into resilience programs: instead of storming peaks, you can practice rappelling. The strain-relieving function of such a logic of action is obvious: it allows one to actively deflect paralyzing feelings of helplessness in the face of negative future prospects — even if only in the context of school field trips or weekend seminars that are far from everyday life.

Observed from the perspective of resilience, threats to the status quo arise primarily from the environment of a given system, while the capacity to cope with them (or not) is attributed primarily to the system itself. Systems and subjects can be more resilient, or less — one per- son catching a flu virus might end up spending two weeks in bed with a fever, someone else might get away with a bit of the sniffles. There are, on the other hand, critical thresholds, beyond which existence ceases and one irrevocably proves oneself to be not resilient: a person may die, a company may go bankrupt, a village community may unravel, a political order may disintegrate, a lake may pour out, a machine can no longer be repaired. If these thresholds are crossed, the process of disintegration snowballs and can no longer be stopped. Interventions aimed at increasing resilience may therefore try to enable systems to adapt to threats while maintaining distance from the critical thresholds. Because these are not fixed and, due to their nonlinear dynamics, cannot be calculated in advance, resilient systems must be able to expect the unexpected — a paradoxical task that requires flexibility and inertia in equal measure.

For the resilient self this means, firstly, that one must always expect the worst, or at least assume that it could happen at any time. Secondly, the resilient self should not go into a permanent state of emergency. Alarmism would be counterproductive and could even heighten the threat by leading to fatigue and apathy. Politically, this results in an opposing pair of strategies: on the one hand to make risk scenarios dramatically clear and to expand security systems, and on the other hand to warn against scaremongering and to promote the stoic virtue of heroic calmness. On the psychological level, this corresponds to an attitude that combines heightened attention with prudent equanimity.

If one understands resilience in this sense as a call to continuously increase one’s adaptability, durability and ability to work under pressure, then the neoliberal undercoat of the concept starts to become visible, linking emancipation with competitiveness. “We can be traumatized,” Marc Neocleous summarizes. “We can prepare to be traumatized, we can be trained to be resilient against the trauma to come, and we can obtain some therapy to help us cope in advance. But we must not be challenged to respond politically. ‘Resilience’ thereby designates an aptitude for little other than keeping things exactly as they are. We can expect to be traumatized collectively but not mobilized politically.”

1 The following remarks are extracts from the following sources: Ulrich Bröckling, “Resilienz. Belastbar, flexibel, widerstandsfähig” in Gute Hirten führen sanft. Über Menschenregierungskünste, Berlin: Suhrkamp, 2017; and Ulrich Bröckling, “Gut angepasst? Belastbar? Widerstandsfähig? Resilienz und Geschlecht” Handbuch Therapeutisierung und soziale Arbeit, edited by Roland Anhorn and Marcus Balze- reit, Wiesbaden: Springer, 2016, pp. 291-408.

Link: “No Joke” at Milieu

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from Contemporary Art Daily http://bit.ly/2VPbJGl

#micaramel

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