Episode 250: Raising the Bar of Innovation

by robbooker on April 30, 2014

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Welcome to Episode 250 of The Traders Podcast. In this show your host Rob Booker talks about Yahoo’s chief executive officer announcing that Yahoo is commissioning two original TV-length comedy series. This leads Rob to make predictions about the future of Netflix and Amazon. Next Rob talks about how traders are often told (incorrectly) not to try to branch out into something new. Rob also talks about some trading-related news regarding FXDD, which he calls the Yahoo of currency trading. Also in this episode, you’ll hear Rob explain why it’s not enough to merely do what you’re supposed to be doing, anymore. Rob talks about the importance of being innovative as an individual trader. All of this and more in this episode of The Traders Podcast. Thanks for listening.

Note: Episode 250 was also recorded as a video, so you can view the video version below.

Links from this episode:

Rob Booker.com

RobBooker.com/mail

Call and leave us a voice mail: (801) 382-8789

Rob on Twitter: @RobBooker

The Traders Podcast on Twitter: @TradersPodcast

TFL365.com

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Trader Interviews.com

{ 4 comments… read them below or add one }

Brian F. May 1, 2014 at 2:44 pm

Dear Rob and Jason,

Agreed Netflix is a buy, and they might take away Hollywood’s customers, but only those they have left. Hollywood is dying. The Main Stream Media is dying. The 20th century is over. One example of how fast this is occurring are CNN and MSNBC losing HALF of their viewers between November 2012 and November 2013, and Fox is next. Technology changes everything. Your conversation about movie production reminded me of Bill Gates getting the rights to the operating software from IBM. IBM didn’t realize the game had changed. Let’s use trading to illustrate my meaning. I have on my desk, access to almost all the technology available to a big hedge fund today. A short time ago, only they had it. Their edge shrank. Similarly, the technological edge between Hollywood and a small startup studio is getting smaller and smaller, and in light of Hollywood’s miserable track record, that’s a good thing. Hollywood was more concerned with their social agenda and politics than telling a good story, so their movies suck. Yes, the big production studios will always have an edge in big name performers, but their technological edge is slipping and the number of production companies, right down to people in their garages, is expanding. The future of Netflix is licensing these no-names and getting them to the public, not beating today’s titan at yesterday’s game. Which is more likely to put out a quality product, 12 big studios with big name performers, or 20,000 small studios spread across the globe with no name actors and almost as good special effects? Even if the small production companies produces garbage half the time, that’s still 10k good movies. Hollywood can’t compete against these numbers without their former monopoly. Which do you think will resonate better with a world-wide audience, Kevin Costner with outstanding special effects, or a no-name star in a Waterworld that looks almost as good and DOESN’T suck?

For your viewing pleasure, YouTube presents Star Wars vs. Harry Potter:

https://www.youtube.com/watch?v=9N5KyjM5v0c

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Brian F. May 1, 2014 at 2:59 pm

I was looking for another example of garage studio special effects and found this little gem. It’s another Star Wars theme, but it clearly shows how the big studios have lost their edge.

Ferocity – LCCX’s Winning Lightsaber Duel:

https://www.youtube.com/watch?v=faQO57Iwlo0

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ryan the ninja warlord of knoxvegas May 1, 2014 at 11:43 pm

You asked for podcast topics that we would like to hear about. Well i would love to hear about fx options because they are just awesome. I would also like to hear about a day in the life of a backtester, compound interest, newtons first law of physics, the law of attraction, aliens and time travel, the spreads at forex kiosks in malls in thailand, the emotions of that wonderful margin call, biographies of successful traders, and last but not least the price of big macs all across the globe.

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Shan June 23, 2014 at 1:56 am

Yahoo can’t even provide stable email. Too much “security” equals requiring phone numbers, captchas, locking people out…….You’re right, they are a sell.

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