I always enjoyed being a student and that is one of the main reasons why I wanted to teach… that did not pan out as planned because I wanted to do so much more. There are so many fantastic possibilities opening up with the connected world. Fred Wilson had a post a couple of days back of Startup Grind where Mark Suster was interviewing Clay Christensen. I have written a lot about Clay Christensen’s work around “The Innovators Dilemma”, where Clay talks about why disruption happens. The interview was about the disruption happening to higher education and venture capital. In my opinion the biggest disruption of all is going to happen to how we learn. I have to be honest, I am learning more about Price Actions, Reading Stock Charts and Technical Analysis from a very experienced trader, Dan Fitzpatrick, who is running an education website called StockMarketMentor.com and OptionMarketMentor.com. I am hooked I wake up every morning to watch his video analysis of the market, his perspectives on a number of stocks and how he thinks as a trader. This knowledge was usually locked up, but with the advent of the internet anyone can invest the time, learn a new trade or just learn about anything. This is just so mind blowing to me that I am surprise not many people are taking advantage of this. I wish there was more than 24 hours in a day for us to be able to learn all these new things that you always wanted to learn. Do you want to learn to play the Guitar? sure there is GuitarParty.com, do you want to learn to cook? sure there is LearnToCook.com, I am not vouching these are the best educational material out there but it makes education accessible to anyone who has access to an Internet Connected display device.
What the internet based education brings is engagement as opposed to watching a video in a TV or something similar. If you could put together a forum where there is interaction of the community, have a daily/weekly video feed of your thought process and a subscription model then you can start an education business. I have been extremely happy to pay $170/month to learn how to think like an experienced Stock Trader. No, I am not betting my house in the Stock Market and yes, I think the Market is rigged to be biased towards Institutional investors but the price action is fascinating to analyze and learn from, what is even more interesting for me is to learn how a stock market trader thinks, the experienced ones like Dan Fitzpartick admit to their follies, are very good risk managers and do not bet their house on what they know. They are nimble, street smart, think survival and usually are not too much into book learning. Much like how Taleb talks about Fat Tony in his books Antifragile, The Black Swan and Fooled by Randomness. So, what do you want to learn about? what is stopping you? I am sure if you look hard enough you will find a service on the Internet that teaches you something.
- In 15 Years Half Of U.S. Universities Will Be In Bankruptcy (thefischbowl.blogspot.com)
- Monkeys Make Better Stock Market Traders Than People: Study (gizmodo.com.au)
- Clay Christensen on the disruption of journalism By Joshua Benton (worldmediatrend.wordpress.com)
- Understanding How The Innovator’s Dilemma Affects You (serve4impact.com)
- CLAY CHRISTENSEN: Jeff Bezos, Scott Cook, And Steve Jobs Got Disruption Right (businessinsider.com)