The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER> Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis So we're going to take a look at a few of these markets like we usually do starting out today with the footsie as you can see this has been a vertical move here for the first few days of The year including the last few days of last year, but there is a the market has reversed Several hours ago. Of course, we had that three drive To a top pattern that was there of course we want to look at that was the footsie We want to look at the German DAX now. We were looking at something very interesting there also as you take a look at this You'll see that the German DAX You know also reversed after we got up to that ABCD pattern that lined up pretty good folks from my perspective the thing that I was watching the most this week was How the Euro was going to act and the reason why is that is such a large contract folks You're talking a trillion dollars a day. They do in the Euro versus the US dollar and as we look at that I'll bring this up here. I put this in the newsletter and focused on it quite a bit here If you'll give me one second I will get it up here and all I got to do now is find the dog on thing here it is Just give me one second here. Okay, you'll see here as we're looking at this Euro over the past Six months in the last since November We have actually been in a trading range from 114 all the way down to Basically 119 and change now what that meant to me is that that was a very weak one month rally That's what I was looking at as you can see we took out the highs of November 29th by about 10 pips That was on Friday and then of course Sunday night, you know We started to go lower. We're about a hundred points lower on the downside. So that's why I think that's very important I'll focus on that more this week Because we need to look at it on the weekly basis to see what this could be but that means that the US dollar Should start to strengthen because the Euro is 53% of the dollar index So if it goes down, it means that the dollar index must go up So the next thing we need to do is we need to go look at the dollar index and that is right here All right now as we look at the dollar index you're going to be seeing a market that has been exactly The opposite of the Euro you'll notice here that we're having a 382 retracement Okay, that was this that was a similar to the 382 to the upside on the Euro That was the dollar index focusing right there to 382. That's one month's action folks We take out the lows of November 29th by two pips in the dollar index Sunday night And you can see what happened after that a big move up Well, the theory goes if the US dollar is going to be strong That means people are going to be moving into paper and they don't want hard assets Which would be something like gold So the next thing we wanted to do was to look at the gold market that we were watching and we'll just get this up here I sent this out over there in the newsletter, of course And then we sent a video early in the early early afternoon on Sunday as the gold was opening and we opened exactly at 18 3 2 6 $1832 and 60 cents the high was 1833 we're now down to 1800 that has a $3,000 profit in it what we're doing is we were low located our stop at 1812 Dropping it down from the breakeven point and that takes us to the area where we don't want to lose anything at least we start out the The year on a new trade Probably to look pretty good the other trade we already have on is just the S&P short from 18 Let's try that again 40 47 94 and our stop on that one is also Breaking even now an interesting half thing happened in the gold because we watched this on a 15 minute To give us an idea. You'll notice that we have a very nice hidden shoulders pattern That developed here you see the left shoulder and the right shoulder was lower than the left shoulder And that was coming in right at a 61 percent retracement there at 828 And then it broke down the key there folks is once once it broke below 822 1822 you can see it how it started to accelerate These these programs are programmed into these algorithmic programs folks that you're trading against all the time So try to pay attention to them because they do give you a lot of information They these have to be the way these things work because when you see these patterns unfold A whole bunch of orders come in and boom if you're if you're on the wrong side of those You know, you got to be careful and believe me, you know, you do get on the wrong side of them But that's what your your stop protection is supposed to be So let's let's remind ourselves of that. By the way, our guest tomorrow will be jeff huge of alfa insights on wednesday We're going to have tim bossed financial cycles weekly out of florida and on thursday We're going thursday or friday We're going to have stan harley as our guest from the harley stock market letter And then with god willing and usually she is we're going to have joe denapoli in either thursday or friday Depending on how I can work it around But he's not an easy duck to get in get into the pond in other words I have a hard time communicating with him. He doesn't answer emails His phone goes to a messaging system So i'm not sure whether he's going to be connecting and all that stuff But we'll be able to uh look at that as we go through and I wanted to share a few charts here From a cycles research out of vienna austria This is one of my favorites This is right out because mr. Elan must just made hold on. Let me blow this up so we can see it just a tiny bit better here I think we can I think we can here we go. Where is it? Oh dear not so much. Nope can't do it But you'll be able to see it easy enough. This is a picture of in 1999 The man of the year was none other than who mr. Jeff bezos You can see when the article came out and then you can see what happened to the price of amazon That if you had a scale down buying program then it worked very very well After the end of 20 years But when you get your picture into time magazines person of the year folks that carries a great deal of stuff We have uh, well, I don't mean stuff. It's just pressure and stuff that's involved with they have a tremendous Uh ability to pick people right at the tops or the bottoms On time magazine if you like sports, I can remember pete rose I believe it was in 79 or 80 He was the man of the person of the year tiger woods was the person of the year And some of these people it's just real truly amazing how well it's timed It's all due to the psychology of it But when you see that you need to pay very very close and of course elan musk is the one that is on top of the market there Or top of the pup tabloids On the person of the year for a time magazine now another one that The cycles research focused to us was the real estate market because in the uh, I believe it was either architectural digest or one of the others it was the headlines was Through the roof in other words prices going absolute crazy in real estate and as you can see here We're starting to see real estate prices roll over a little bit. You know just since you know the 15th of January of last year when they were really really high and you can see how we've rolled down here today So we'll see how it's going to end up but This is what we're watching on some of these things I bring this year attention because These are things that make markets move and we like to see how they move and and why they do it I don't know I've got a section here in a little bit That we're going to go through and I will give you my two cents worth at looking at some of these things because I'm not actually a hundred percent sure how some of these things work But you know what folks nobody else is either We're going to be right back eight seven seven You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave The Chapman wave up down sequence gives you an edge in identifying price turns Finding the peaks and valleys and stock prices get the opening call newsletter by basil Chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors What's separating you from the most successful men and women on wall street? 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So you have nothing to risk Level the playing field with the TAS profile scanner, which you can find under the services tab at tfnn.com Sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn educating investors 6 6 4 8 internationally at 7 2 7 8 7 3 7 6 1 8 Okay, folks We need to talk a little bit about the treasury bonds now because the yields have started to spike again today If we look at the treasury bond market here one of we've been very very bearish on it for quite some time We broke through the 78 percent retracement support here this morning up there 1506 We've dropped a full handle down from that level. We did break that very very important support However, however, the largest of these interest rates functions or contracts that we look at Is the treasury notes and the treasury notes have not done that as of yet, but they are a heartbeat away They're only two pips away from breaking that so what i'm watching is to see how it handles this member folks This is the largest of all the futures contracts that we have well over I think it's 8 million or something like that the open interest and the low that we made back and on the Right before christmas on the 24th Excuse me. That was Thanksgiving 24th of Thanksgiving of a month or so six weeks ago that low was at 12 129 129 16 and the low today has been 129 17 So we haven't taken that out yet now there should be some stops there folks It's going to be very important remember this how big this market is this is one big I mean back in the old days in the 80s when I was there at the merc I used to go over to the border trade especially on fridays when they had the the fish fish sandwiches that they had at the the eye of the trader and uh, but every I would go down into the t-bill pit Excuse me the t-note pit and t-bond pits visiting friends And my god that t-note pit was huge the t-bond pit was much wilder because you know, they have greater volatility there But the t-note pit and euro dollar The euro dollar things looked like a football field, but that's trading us dollars abroad But those notes were really really big so taking that low out and not breaking Into new low ground it would really be very important because if it's really bearish That means they're going to go into that low and close lower today on those treasury notes Now i'm watching that very closely now I wanted to bring a couple of things that were sent to us by rich anderson One of them comes from kkr colbert kravitz and roberts They do a great deal of research and stuff and I wanted to show you This is what's been happening over the past 30 years You'll see that the the net wealth generated by stocks between 1990 Only 1.5 of all the firms you see this is all It's just been a few firms that have been doing this. You're talking about 1,000 firms at the 1.5 level 316 firms at the 80% level and look at the others the the last part of the market You know some of these things have not really done very much So we're looking at a one-fold market now. There's another way of looking at it This comes from jp morgan And i'm just going to because I thought it was interesting because it shows you that by golly It's a bifurcated market as basal always says you'll see here in the in the bull market in the top 10 shares Look what happened in those top 10 shares folks. Those were the big leaders And that that's continued to be happening. So I'm just bringing to your attention that you know you there's something that we look at that's why folks I am just a technician, you know, I get a lot of flak sometimes say why don't I look at the fundamentals Folks all they do is confuse the heck out of me if I can see a chart I have an idea of where i'm going to risk and that's all I really look for Nothing more nothing less. I'm going to share with you at the break when we come up here this next break What i'm looking at in something that I looked at many many years ago And we'll walk through it again and we'll see whether it means anything or not That's related to the stock market and we're going to start off with the nikah dow back in 2019 89 New year's eve and we'll start from there and then we'll move forward on what we're looking at on some of these other things That we're looking at I hear today But those are the main ones that I'd like to you know talk about but I need more time at the break To get those things working and that's what I'm waiting to do is when we get that I'll spend the whole rest of the time You know looking at that level and make sure I covered all the charts. I wanted to do today Foot see bonds. Yep. Yep. Yep. Yep. Yep. September 3rd. Okay, there's what we're going right now Another question that someone asked me by email over the holidays Was do I think this is the top of the stock market folks? I don't know whether it is or not You don't get any extra points for picking at top or picking at bottom But you do get points is if you put a trade on based on a pattern and it either works or it doesn't That's it.  We have had a situation I want to bring this up in the corn because uh, this was one of the ones that I was really Upset about one of I took a little break here We sold that corn up there at the 610 level and I risked only uh, six cents if I'd risked my usual 10 cents That would have been a a great trade But unfortunately I didn't do that and that's what happened those last three days I got stopped out of three things You know, we were making pretty good money and all the other stuff But the three that I got stopped out of you know, would have been big winners because I moved my stop a little bit too Close so what I was trying to do at that point was to see Uh, you know that I could get my risk down to a too small amount And that's one of the biggest things you can do folks when mark douglas was and I helped mark look at these Accounts from marillage. There were 10 000 of them the people that lost them the most and most often were the a the people That put their stops too close and b those that didn't use stops at all So the key to part of this trading is you've got to define what your risk is And that's that's the thing if you can define the risk of what you're looking at Then you've got something better what I did during those times I didn't define my risk properly And I was I was overtired for a whole lot of different reasons and I've got that all out of control now But uh, that's neither here nor there, but that's all part of trading folks, you know You got to live with it, you know, it's the greatest business in the world But by golly, you know when you make mistakes you've got to realize it's time to take a little break So we're going to have some really great markets here for 2022. You can see how we're we're acting today We've had these wild swings the dow The dow was up 150 went down to be down 50 The nasdaq was up almost 160 went down to negative and then bounce back to be positive I mean, these are these are huge swings that we're having here I I think I see why it's happening But again, you know, it's just my opinion of what I think is going on in the markets and I'm not even You know like I Somebody gets uh, john jameson gets on my case because I say I don't know And he said people don't pay you for not knowing and I said well They have to be realistic because by golly, you know, you've got to be able to uh, tell the folks that you know You know what you do know and what you don't know and I don't know where the markets are going most of the time I really don't Okay, we had a question about natural gas. We're looking for a buy here in natural gas with this week folks Uh, hold on. All right Yes, sir. Mr. Z follow mr. Z and you'll be in some money Mr. Z is the king pal. He is very very good. We appreciate him everything he does here at tf&n Here's the natural gas folks over the last uh Several weeks. You'll see here that we had some really nice a bcds We just made a new contract low. We rallied up to almost 50 percent We're now coming down to test that low the key level that i'm looking for here is at 350 That's what i'm looking for. I'm going to take a break eight seven seven nine two seven six six four eight. We'll be right back Are you having fun trading the markets? 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I want to go back to uh december 1989 the dk was trading uh right at 39 000 and change It was uh from foregone conclusion that it was going to hit 40 000 Well, the high was on chris new year's eve that year and it dropped from a 39 000 all the way down to 7100 I've posted the charting now These are not easy to see because the data, you know a I wasn't ever trading that But b I was watching the patterns and if you look at that very closely, you'll see the high was 0.3 And then 0.2 was in 1983 the next one was 87 and the next one was in 1989 that was a three drive to a top pattern If you want to you know, go and search it online. I'm sure you'll be able to find it You'll be able to see that very very closely. I remembered this Very very closely because I was watching some things in happening in hong kong that excuse me in Japan that were really crazy in fact is one of the things they had on 60 minutes Was they had a picture of the real estate how it was going crazy in uh, Japan at the time and the broadcaster for uh, cnn He had a thousand dollar bill which is a picture of robert cleveland alexander Grover cleveland and uh, hold on a second. I've got to check to see what's going on here Where I was I was in pismo beach california trading in the trading room up there It's where I was anyway, but uh, what we what we were looking at at that time Uh, he had a thousand dollar bill and he put it on the you put it on the sidewalk in front of the imperial palace That thousand dollar bill which is you know, it's about three inches by Two and a half inches Excuse me five inches by three inches roughly a picture of robert cleveland on a thousand dollar bill And he says this is how much real estate You can buy in japan For a thousand dollars. I mean it was uh, we can imagine how small it was and my daughters were there We were watching the show together that evening and he said dad he said we have those bills I said yeah, I gave you guys got you those when you were really little and you know They're in the safety deposit box that save them because they don't make him anymore Now those bills have a premium of uh, 35 you have to buy a thousand dollar bills Going to cost you 3,500 because they're just not in circulation anymore There's still legal tender and you could use it But if you did you'd be taking a big hit because you could sell it to a coin dealer for probably 3,000 he resells it for 3500 But anyway that market went all the way down to 7,000 when it got down to 7,000 This was in 2001. I believe 2002 um, one of the famous guys on In wall street was talking about there was no absolute any chance that the DK was ever going to rally again. It was probably going to drop down You know somewhere around 2000 which were it was back in 1955. Well, that was the low And the way it went.  Heck. I make them all the time The reason why I'm bringing the attention is that three drive to a pattern to me Is the one that really makes a great deal of sense Now all i'm going to do now is i'm going to look at a couple of things that I want you to see here And let me get this up here. And this is the one that we're watching. There's the three drive pattern We'll get this up here In the old room here. We've been able to there it is in the s&p. We have the same thing in the dial jones We have the same thing in the nasdaq. We have the same thing in the Uh Not the russell because that was too weak But that those are the ones that we were that we were watching, you know, extremely closely And that's why it's so so very important to pay attention to that now. I want to Before I get move along here. I've got it. Well, I'll do this a little bit later I want to show you What I did here. Hold on second here. I got to get that 2009 when where is here it is right here Okay, I in 2009 Okay, I wrote I was I had been with tfnn for a year And I came out in march of that year and I brought this pattern to your attention. It was a three drive pattern In the uh dial jones industrial average. It was trading right around 66 right around 7 000. The low was 66 60 I believe on march the fifth and from there the bradley model It was predicting for a low around that time of the year So we had a really nice three drive to a pattern at that point So I said that looks uh looks like it makes uh, you know, pretty good sense But there was something else in there that really brought to my attention. I didn't quite I didn't quite understand the meaning of it until much later and even then I'm still hold on to a second Even then I'm not sure so what I'm going to put up here now This gets into the astrology stuff and shane smolion helped me with this quite a bit Especially with this chart with the bradley, but you know here This is where we were on march the fifth of 2009. You notice how all the planets Are in the upper area here. They're very few only they're really slow moving ones like niptoon and saturn Uh, all of them are in that same quadrant That means that these planets are moving around and they're getting ready to be at zero degree right at conjunction So that's why I think it was very important. Hey, I'll just I'm just bringing you a case whether it means anything or not You know, I don't really know all I know is that we were at those levels And we had to pay very close attention to them since we look at 1.618 so much I wanted to bring this to your attention too about the nasdaq because on the weekly nasdaq We hit that exact number. I mean it was just absolutely the exact number And I think it's very very important So we have a pattern. There's a three drive to a top pattern Okay, now take a look at where the where the where the planets are here on december 29th when we Had some type of a top I don't know but look how they're all on the left side this time instead of on the top They're on the left side that means they're at a different time. They're just coming together You know making some type of a of a bigger move and I think that's why this could be a very very important You have to have a three drive to a top pattern a And b you have to have the bradley model lining up and we in fact Do have the bradley and we had thank mr. Shane spoolie the wolf trader.com You'll bring this up here and you'll see look where it topped 12 29 now It may be a quid incidence. It may be not and all I did Hey, I did this stuff after the pattern folks. I saw the pattern. I said look I got to do that The other stuff someone brought it to my attention. So I went in and looked at it. Yeah, well, maybe it is maybe it isn't But that that's all I'm doing is I'm just lining the ducks up along the wall And if they line up really good, then that's good. If not, then that's it There's one other thing that's really super important folks All this is is really facing a master. I mean just a terrible Oh, I've got to get the other one up just one second I got so much information here today that I have a tendency to get it Effect but we have look at this folks This is the january effect that you're going to hear about all the time. In other words the first five days of january Could be The indication for the rest of the year. Well, here's a 70 year from 1950 To 2021 that's 70 years folks it only worked 22 out of 70 times They're showing you the 22 times that it worked The other parts of the time that it didn't so it's a great indicator And if it does do that, then that's uh, really what you want to look at you'll see that 1973 which was in red That was leading into the crash the october crash of 1974 and if anybody learned something from that crash Please raise your hand and as those of you watching here. I'm raising my hand because that's what I learned The value of money management. Let's take a break eight seven seven nine two seven six six four eight Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear etfs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at<PHONE_NUMBER> The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv Hey folks, I put the uh chart from the elliott wave theorist up there. It's really got something This should be Complimented for this long-term study here in the naztac, but if you'll notice here I put that arrow in there because their predicted target was Excuse me. This was for the dow Jones. Not the naztac was 36,488 Point five three and the projection was for 36,488 point five one So they missed that by uh 12 points So I sent them a questionnaire why they were off by so much. That was a joke folks Anyway, the reason why I'm bringing this to your attention is I would like for you to go to the middle of the chart and look at the roman numeral four Okay, folks. That was august the ninth 1982 That's when the bond market bottomed At around 56 and of course we're at 160 now Interest rates were about 13 percent and from that level away We went to the upside that was the beginning of my uh Belief that we probably were going to see something spectacular with that was long before I was just trading at the s&p On the floor of the exchange then they couldn't even get people into the s&p pit There are only five or six locals in there trying to make a deck You know trying to get banks and get business But nobody could get any business because nobody understood what the s&p was and no one really cared because the action was in t bills for currencies and gold But as the market progressed you can see it became very very popular once we cleared $1,100 in the dow Jones industrial average, which was in 1983 That really triggered yes the bull market had started And had a way it went to the upside and it's continued to go This chart is so interesting because that number was exactly Like what we were looking at in the nasdaq that I posted about four charts ago That was the weekly nasdaq number that came in just absolutely spot on At the 1.618 and also three drives. So I'm just looking at the numbers. That's just what I'm watching I can't say anymore or or less on that But let's go back and take a look at a couple things That might help us if we go back and look at other markets. Let me get some of these up here Let's here's here's one right here. This was the top the the recovery high in the nasdaq in 20 20,000 okay, this is march The 24th of 20,000 okay, you can see again You see how all the planets are lined up on one side Of the natal chart. This is a 360 degrees folks these planets are always jumping around But when they line up like this that means they're lined up like pin Bowling pins and that means something what it means it means there's cycles that are there That's my interpretation of it, you know, I and you can see these come from shane's mullion He gave us all these charts. I any time I asked him for a natal chart He could come up and show me now that they don't work all the time Let me show you the one from 2007 which was in fact a monster high And you'll be able to see here is the same thing The difference is you must have the bradley model lined up with it The bradley model is just a compilation now look This was the top in 07 october the 7th if you remember october the 8th Mr. Brankey was out in the news saying, you know, the lights are green This things looks really good and there's nothing that we see on the horizon that could give us trouble And the naztac dropped 85 so this is different You see the planets are lined up all around the natal chart They're not big spaces between that means there's you know fluctuations in here that we don't know Now I'm sure and I really strongly believe that if there is a holy grail It will be related to some of these astral cycles But frankly I quit looking for it a long time ago folks I'm happy with ab equals cd and when you use that with three drives and all the others That's the edge that you want and that's it. We're going to try to have norm on one of these days I've asked him to come on but He's not been able to get back to me, but when he asked to come back on I will be happy I've invited him and hopefully he will come back We've got some other great guests also. So we want to be watching now. I want to cover a couple others here This is the one. Here's the big one folks. This is the really big market This was the top in the stock market in september the third 1929 Again, you don't see anything like this. I mean, there's a You can see most of these are lined up in one side again You see it's only these little slow moving planets like Uranus and Saturn that are not in the in the in the mix In march the fifth of 2009 all of them were there I mean every single one were in the top of that list. That's why that was such an important cycle Now all I'm doing is matching the eight, you know the three drive to a top pattern and trying to find if the Bradley model Is going to line up for a potential cycle high or low and that's what I'm Waiting to see so far. It's it's worked But you know that doesn't mean that it's we're seeing volatility today folks I mean look at the Dow Jones The Dow Jones has swung 400 points already and we're only halfway through the day So it's going to be very very exciting to watch some of these things Now the key to all of this relies in the u.s. Dollar You know, we hit that 382 retracement and we explode it out of there That's reverse the euro that caused gold to back off because if the dollar's strong There's a tendency for gold to back off and that's all that's been now. It's down The down over 30 dollars an ounce here in the first few hours of uh January 3rd where it's going to go Is anybody's guess my guess is maybe a little lower maybe a little higher All we did was we lower our buy stop down to 1812 and that locks in a $2,000 profit And as as we go lower, we'll we'll keep dropping that stop to lock in more profits But the next the next support on this thing doesn't come in till till 1780 and we're just breaking below 1800 right now. So we want to see, you know, how that one unfolds Tomorrow's early in the morning We will do a some things on the grains because we've got some big things happening in the grain markets The crude oil I posted the chart of the the gasoline Which is very similar to the crude oil chart and it basically shows you that, you know We made a 61 percent retracement there on friday and we've had a pretty good sell-off today They bounced off the 61 percent retracement From the low of december 2nd so far this morning at 74 50 per barrel in the crude oil So that's another one the key ones to watch folks is they're they're tearing the Treasury bonds and the treasury notes up today So watch that closely because if we close sharply below those level in the tree notes that I posted earlier That has really strong implications that we're looking at much higher interest rates Which we've been saying, you know for a long time Now I have to tell you an interesting story during christmas holidays. There's three-year-old grandson zane He had he had a box of candy that he had for christmas And I said give me the box of candy. See here's why I said I want to I want to keep it for you She said okay. He said why are you keeping my box and he said well I said I'll give you the candy when I think it's ready. Well, I want some candy now I said no, you can't have any candy now. He said what can I have it? I can't tell you will I ever get it back? I'm not sure he said that's not fair And I said not only that for for me holding this candy You're going to have to give me two pieces from another box of candy. So I'll hold this candy for you That is not fair. He said I want my box of candy He grabs it away from me and he walked away boys and girls That three-year-old just described what negative interest rates were all about. I mean give me a break How could somebody be naive enough to think that you're going to hold their money?  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You can call<PHONE_NUMBER> That's<PHONE_NUMBER> Okay, folks, we're back and I posted The three most important charts that we're looking at today starting the year treasury notes treasury bonds as you can see here the notes are Getting ready to take out those lows now those lows get taken out today and this market does not This literally moved to the downside sharply. I will look to be a buyer Because I think it's just very very oversold we're due for a little bit of a rally But there's a case where I want to be watching the risk control I want to see when these bonds take out the 129 16 if they have Then I want to see what happens after that point because I know that that is where there's going to You're making new lows for the year And especially, you know starting out the year the the bonds you see are a little bit higher So all I'm doing is I'm just focusing on how much you have to risk to see if this is going to turn Whether it's going to turn or not. I don't know and We'll we'll watch it now also the dollar index. I posted that that's very very important because you remember the movie Uh, what was it called? I can't remember Oh, what was the movie about? Watergate, what was all the kingsman or something like that? I don't remember exactly But remember it said follow the money and that's what we're doing when we're watching that us dollar Because if the dollar is strong gold's going to be weak most of the time and that's what's happened so far But what we're doing is we're relying on the pattern to get us into the trade the news is secondary So remind ourselves to watch these interest rates and believe me the stocks can rally In the face of rising interest rates. We can see we've seen this over the years and that's pretty much what's been happening Look what's been happening to stocks over the past 10 years Eight years anyway, we topped about five years ago and four years ago in treasury notes and treasury bonds And the darn things have been going straight up in stocks and the interest rates have been dropping So you look at each chart separately and you're going to be far better off than if you try to figure out Why is this happening? Why is that? I mean, I don't know All I do is I keep saying I don't know and you know why it's because I don't know One thing I do know is when I'm wrong and I want to get out and that's what I'm trying to do here Someone's asking the question. Uh, oh, we've got some new girl We got td ameritrade coming up next and steve rose and then tom o bryant. May god bless folks. We'll see you tomorrow


That instead of It's not a Rthic thing, I was just coming up with something Oh Ddaydydydyyy, Ddaydydyyy, Ddayddaaa ddanaddydyyy, Ddayddaaa ddanaddyyy, dda ddanaddyyy, Dda ddanadaa, da ddanaddydyy, ddanaddyy da, da ddanaddyy- Ddayddydyy, Ddayddyyy ddanaddyyyy ddanaddyy, ddanaddyyyy- FNAF Hey, and welcome back to our gaps indeed at some Corbin. I'm Rick. I'm from Post on Instagram. It's called Iím on Twitter. It's so juicy. Juiciness, for a taste it. Tickle the juicest. Ahh, today we were at... We were at... What was the last word? Nothing! Tickle the juicest? T... What's the word of the tea? Teeth. Um... Teeth. Nope, that's not what it was. Oh, tanked. Completely changed the song from the 80s, Tainted Love, for me completely. Tainted Love. Tanged me, baby, don't. Yeah, ruined forever. Today we're acting to a snippet from a film companion interview. I don't like that word. It's snippet.  Will be the judge of that. I think Renvier, Manoj, Vijay, Alia, Tepika. I think a bunch of them. But we've acted to, I think it was a snippet from this before, but it was, I think, what do South Indians think of Bollywood, remember? Yeah, like a round table kind of thing. Yeah, okay. So I think it's another snippet from that. I think this is just them talking about their favorites of each other's works. Nice. So, but it's a bunch of actors we love, and I love One Day For Us to be able to do something like this, that'd be great, right? I know, like talked about that, yeah. Bring on Manoj, Noah. Yeah, that would be just great. Hopefully One Day will have the clout to do that. You'd have to arrange it for something like a Filmfare Award when everybody's present and you can just do it like at the after party or whatever. Yeah, but maybe One Day. So let's just get into it. Here we go. Hi to Philkapanian for your content. It's the bell icon, so you'll never miss an update. Are there any favorite performances from each other's? Any, any things that you just love of each other's, anybody in this room? It will be like really long too. I like your suit. I'll show them. Which is something you've loved and appreciate. Who can you look at that? No pressure. Yeah, I just wanted to. I appreciate the work of other people. Let's start from there. Okay. Fundamentally recently I've seen superhero films. Yeah. You've learned so much. Pew. Bully, Piku, Piku. Bully Boy. But I love you in your commercial films. Mostly. You know what I mean? Believability, it's all about. I love your outfit, Ranbir. Believability. Your own self, you put into those films. It's not a joke. You know, I have seen of her. And Bully Boy. Yeah, absolutely. Yeah, so she's... What kind of a look was that? I really feel that, you know, if she is going to put so much of herself in that process that we were talking about, I think she will have magnificent craft skills in the years to come. Absolutely. Of course. This will be her own. Absolutely.  From where to start, from where to end. Keep doing that, good job. Okay. And this is what I mean by... The Aishwan. The Aishwan. The Aishwan. The Aishwan. The one we've been trying with for the last 60 years. We're trying to separate and go into those films. So we're not giving away all of them. And now, for the next one, this is a very different way, Rajmohar Raju. He's in the Khaasal card. He's in the Khaathiyya card. There's a lot of births in the Khaathiyya card. See, let's continue. See if it gets back. This is why I am so grateful, right? I'm just the fact that I'm an actor. I'm just grateful for the fact that I get to be... I go to a set and I act every day. That's my job. It's the one thing I love. It's the most incredibly blessed feeling. I feel grateful for that every day. I'm sitting here. Yeah. Model's first prize paid me like a compliment. You know, when we were in school and Satya came out. And there was one designated day where you had to dress up. You know, it was like Teacher's Day. So the back angle was everybody can come as something. That's going to be great. They were like, 8 Bhikkhu Matri. That's awesome. They were like... Yeah, I feel like you sit down with Johnny Depp in a talk room. He's like, yeah, I dressed up like him. He's saying that same night, I was talking to him voice like... Who, who, who, who, who, why? You know, like, I was walking around... The first ever time that I spoke to Ranveer, I called him up for something. And something very urgent, I found his number. I organized his number from somewhere and I...  The first thing I said, Hello? Mobile cut in the living room! Everybody gets that from everybody.  I have to say, the biggest performance in Coptic. Yeah. I've seen it. That's amazing. You work in... I didn't expect it. I mean, I had seen previous films of hers, but that took courage. And I want to commend you on that. And then there's this one moment I had to just specify in Tamasha. Yeah! I went back to the room and then come back and enter the car. And there's a breath. It cannot be acted. I feel like it's very hard. I was so jealous of her when I saw her. Like, yeah, that moment when an actor gets it. So that has been very inspiring to be vulnerable like that. I'm sure their directors have been that. And it's the same director, right? Oh, no. Sorry. Dupra sir has no cocktail, but he directed Tamasha. Tamasha, yeah. But I guess that collaboration really... I feel like he was safest within that... Yeah, I could see that. Yeah, each other's favorite. Yeah, you might not see it in my set. I just want to say that my favorite performance of my wife... It's about anybody. I know. I just... Not just anyone, right? No, my wife. Of course, my wife. It's okay, please. It's almost a year. It's like a year to go. That's the answer. And it is. That's good. Tomorrow or the hour. Okay, that's fine. So, what's that? Who said him? Who said him? He acted out the day after that, because you got two... You know, but tell me, is there a... Is there a... Yeah, what is this for him? The... Okay. My favorite performance of hers amongst the many... You know, you have Piku, Tamasha, which is so heart... heart-rending, and you can't really watch it. I can't feel that, yeah. Wait. No, he must have told you at some point. There is Piku, there's cocktail. But my favorite is... Wait up. Chalnai Esprayi? No! So wild. That needs to be 30 minutes. I think the actual interview is like an hour. But I thought they would at least... I don't know if maybe they stopped talking about it after that. Maybe. Maybe, and they may have gone into Andy Moore. Yeah, I don't know. But also, like... Vijay didn't say a word. He didn't say a word. Well, Yushma didn't say much either. Yeah, maybe he's just... Well, it looks like he's a shy guy. Yeah. Well, I don't know, maybe he... I don't know how fluent he is in English. I don't know. And maybe that's what they were talking about. But he was like right next to my nose, and he was just like such a... He seemed so shy. As well as the gentleman from Arjun Reddy, who I don't believe we've seen anything of his. Unless I'm wrong. I don't think so. Am I? Well, we've forgotten stuff we've seen before. I just, I'm with you. I can't remember anything that we've seen him in. But what's your, of the ones we've seen, what's your favorites? Satya. Of their stuff. Is it either Satya or Algera? Yeah, Algera is the one he did with the professor. As the professor. Yeah. Yeah. I also love the one he did with Shushant, the one where he has the smaller role. Oh, Shusharia or something like that. Yeah, he has the smaller role. And we're like, oh no, come back. So that's hard. I mean, the most iconic one is obviously Satya. That's his claim to fame role. But those are all. It's one of them. And he has his super deluxe. We've only seen very little of him. And he's been great. But he was in 96 as well. 96. Yeah, and I loved him in 96. Yeah, for me, I like 96 more than Super Deluxe. I know, but performance-wise. His performance-wise. Hard to compare. Because Super Deluxe was such a, it was a more challenging role to portray because it's so far reaching from who he is. Versus the difficulty of tapping into the real personal aspects of what. 96 was great. 96 is fantastic in it. Obviously, we haven't seen, unfortunately. What's his name? Vijay, say it right here. Dibirakonda. From, forgive me for mispronouncing. I don't think we've seen him in anything. But Topiko would be Tamasha or Piku. Well, I like the film Tamasha more. And I love her performance in that. So if I had to choose between which one's on TV, I'd watch Tamasha, taking nothing away from Piku. But it's Piku for me because it was the film we saw after having seen her in several things where I was like, she's holding her own with Irfan Khan and Amitabh Bachchan. Yeah, but if we're just talking about film, though. I, um. Yeah, even over Ramleela. Ramleela's so much fun. Yeah, I'm just talking about a film of hers that you love. It's Tamasha. Yeah, still Tamasha. Yeah, I love Tamasha. I could probably watch Ramleela a ton. I don't want Ranveer, of course, he's in it. Which is great, but... So, Ranveer. That's tough. That's a very tough one. That's really tough.  We need to get into his commercial stuff. Like, Zimbia. Yeah. Which he says is his favorite. His favorite, right. And it's total a Masala commercial film. Nothing's ever, for me, nothing will probably ever compare because of its impact on us with Gully Boy and the fact that that's such a stretch for him now. Yeah. That's what we know. So for me, I can't wait for him and whenever we get to see 83. 83, yeah. But for me, it would be probably Gully Boy. I have a feeling Gully Boy was the start of him wanting to show... Well, actually it was probably Padma Vat and Bostrami Mastanadi. Was that true? I think the start. But it was for sure. I think his yearning is to show people, even though he loves doing the Masala and I don't think he'll stop doing those. No, agree. But I think he wants to show people like I'm an artist. He loves the art form. Yeah, yeah. He clearly loves the art form. Obviously, Alia, I love her performance. Even though Razzie, great performance. I think her performance in Gully Boy was stupor. Right? I remember that too was a performance that was so shocking because we had no clue the quality that was coming out of India. And then to see somebody that I've never seen before have such command of stream presence and be so believable in such a great character. That, yeah, I mean, Razzie, she's carrying the film and it's worthy of all of its accolades. But I too, I mean, she was come on in Udupunjab. She's fantastic in Udupunjab. But again, so far I too would lean toward Gully Boy. Yeah. And I think that other actress is a Maliali? Actress? The one with the curly hair? Right. I don't think we've seen her in anything. I don't think we have. Unless I'm mistaking who that is. And you know, that's Havar Thath and your son, Sean. And then a Yushman. He's had a lot of good ones. He has. I think, what's yours? Anda Anda. Really? Yeah, that's your favorite of his? Yeah. In terms of film, if I could watch a film over, yeah. Oh, but you're talking about the film versus his performance. I also enjoyed his performance, but I'll be Article 15 was great as well. That's the one that came to my mind instantly. I performance-wise, I'd rather watch, Under Hunt and Hunt is a more watchable film, but Article 15. That's out of a few scenes, right? Aside from just don't pay attention to the way the director cut the piano playing. But Article 15, I thought was a powerful film. It was the more kind of ear-fun-esque, small, internal, realized thoughts. So as a thespian, I liked that, but as far as watchability, I'd watch Under Hunt and Hunt way more than Article 15. It's hard to watch. That was fun, but I wish we had even more, because I could listen to them too. I love Ranveer's outfit. I love him. I can't one day wait until we can actually talk to the gentleman. I hope it's in person. Me too. I really hope it's in person. I will take any. Yeah, exactly. The Skype would be great, but it would be so much more enjoyable to feel the energy in the room with him. I would love to talk to all of these people, obviously. Well, we've had the pleasure and the blessing of being able to speak with Sir Bajpayee there. Yes, but all of them, we want to get in. We still need to watch Arjun Reddy or other performances of this gentleman, because we hear he's a really good actor. So let us know of Hamlet we start with and her. She's done a bunch. She's apparently in Bangalore days, which has been highly recommended for Malia. And I think, look, she was in virus, right? So we might have actually seen her. Here's what I say. I say we should go to Mumbai and you and Stephanie and me and Andrani and Deepika and Ranveer can just hang out and have a night on the town of Mumbai. Apparently where we stayed in Mumbai was actually pretty close to them. Was it? Apparently. Do I think we would have, I think it would be like, if we spent six hours with them, it would feel like six minutes. Yeah. It'd be so much fun to talk to.


Hello and welcome back. Today I'm talking through a really simple tool to help you understand and carry out emotional regulation. It's called the window of tolerance and you can use it with anyone of any age. You might want to adapt the language a bit if you're using it with tinies but generally I find that they can understand it pretty well. Okay so the window of tolerance works on the basis that every day each and every one of us are kind of our mood, our feeling and how things are going is kind of always going up and down and up and down and up and down. That can be due to internal factors so things that are happening with us sort of anxieties, hormones, different stuff going on inside. It could be stuff that's going on externally so a conversation you have with someone, feedback you get about something, traffic jam, all sorts of different things. So there are different things that can impact on how we're thinking and how we're feeling and those can be both positive and negative. Now what our aim is each day is where possible and it's not always possible. We want to try and stay within our window of tolerance so we're going up and down and up and down but we're trying to stay in the optimal zone so we're trying not to shoot up through the top which is what we call hyperarousal and that's when we tend to go into a very kind of anxious mood so that's our kind of fight or flight type response and we can get the extremes of that or kind of more minor but so that's hyperarousal and we also want not to shoot down through the bottom which is when we go into hypoarousal and that is like our kind of freeze response and that's our more sort of depressive low mood lacking motivation type response. Now in order to try and stay as so far as possible within our window of tolerance each day there's kind of two key things we can do. One is to begin to get a better understanding of what impacts on where we are within our window of tolerance so that might mean then we're going to try and avoid things, we're going to try and manage them differently that we might for example if something makes us highly anxious that we build in a little bit of a breathing space for ourselves after that for example and the other thing we can do is to think about how to respond quickly if we feel ourselves either tipping up out into hyperarousal or out the bottom into hypoarousal so in order to respond in that way then we're going to want to think that what works for me or if you're working with someone else obviously what works for them in order to calm so if we're shooting up through the top what can I do right now in this situation that will help me to calm and try and stop me shooting up through the top there or if we're worried that we're going to shoot down through the bottom and go into hypoarousal that depressed lacking motivation then we're going to think what might help to activate. Now this is really personal so this isn't really one where I can just tell you the answers you have to brainstorm it out for yourself you need to try it out journal it see what works and what doesn't but some kinds of things that might work are so for me if I'm going into hyperarousal which is a place I tend to go often that can be because I'm getting highly anxious and that might be because I find social interaction really tough so I might do things like take a break from social interaction I might do something mindfully I might eat mindfully drink mindfully go for a mindful walk and I might do some breathing exercises I find things like the box breathing to be really helpful I might colour I might stroke my dog there's lots and lots of different things I might do to try and help me to calm if I'm feeling anxious on the other hand if I feel I'm dipping down it's that lack of motivation where I just want to curl up and hibernate and that also happens quite often then I would be thinking what might activate me sometimes it's similar things I tend here to think of the five senses as my first go to so I'm thinking about what can I do to arouse myself in terms of the senses so what are things that I can look at that will activate me what are things that I can smell smell and taste are really great ones here so if I'm at home I might jump in the shower with like a lime or a mint shower gel I might brush my teeth I find the taste of mint really good sometimes I find things like chilli good stuff like that and then and then sound can be a good one too again we can use that to to calm if we're if we're anxious use calming music or activate some kind of happy uplifting type music can really help like I say it really depends on on what what works for the individual and also you need to think about the circumstances so for example if I find myself feeling highly anxious but I'm in like a really exposed social situation for example say I'm standing on stage giving a keynote presentation and something's just tripping my anxiety for some reason then I need to think about what can I do right here right now that's going to have the the least impact on me carrying on with my normal stuff and usually there it's just literally a case of me just taking a moment taking a deep breath maybe asking colleagues to discuss something for a moment or two while I gather my thoughts and then stepping back in and the key thing here is that ideally we're trying to get a better understanding of where we're sitting within the window of tolerance all the time and to understand what are the small things that we can do that will help to nudge us in the right direction so we're just becoming more aware really of what's going on with ourselves each day and we're taking small steps so that we can try and keep ourselves in that optimal zone so far as possible and the other thing we can do longer term is to think about ways to increase our window of tolerance so that we're more resilient we're more able to manage the kind of ups and downs of day to day life and there are lots of ways that we can do that but the the kind of key ones here are to really think about getting our basics in place so I always talk about the the kind of key pillars of our mental health sitting within our physical health so we're thinking about getting good sleep regular exercise healthy food and if we get that right then actually everything else becomes a lot more easy to manage so if you think about a typical day and how you respond to slightly difficult triggers within that day if you then think about how you would respond to those triggers if you hadn't had a good night's sleep then you begin to understand how you know being chronically sleep deprived or not having good sleep regularly can have a really big impact on our ability to manage day to day so there you go introduction to the window of tolerance I hope that you found this helpful I share this a lot so I may well have referred you to this video if I have shared this idea at a conference or a training session hopefully it's a good refresher and something you can share with colleagues too and it's an idea that you can really quickly understand and just use as part of your day to day managing for yourself and or using it to support others too simple idea loads and loads of applications and tons of opportunities to adapt it to meet the needs of you or the person that you're working with or supporting good luck with it please leave a comment below letting me know if you've used it and how and any ideas you've got to add if you like this give it a thumbs up and if you would like to see my other videos in future then please take a moment to hit subscribe and hopefully I'll see you again thanks so much bye


We quickly move on to the second part, and that's group panel discussion with five very interesting persons for this. The question that is posed is, if you have one million euros, how would you use them to foster a culture of innovation within MSF? So, what we will do here is that we will ask the question to each panel member and they have two top three minutes to answer, and then afterwards we will open up for a group discussion and you're welcome to join. And I think that this question is very interesting. It takes something very concrete, measurable, one million euros, and then you have to transform it into something less tangible, but just as real and important. And that's a culture of innovation that is something we need in order to be able to do what we do the best way possible. And I think that I will not speak so much about that anymore, but I will give the word to Tarun Sarval that is the head of ICRC Innovation Unit, right? Yes, thank you. Thank you. My name is Tarun Sarval. I work with the ICRC. Thank you for inviting me here. Only two minutes, so I'll just go straight into it. It's a hypothetical question, but in fact, about 18 months ago, this is exactly what happened is that somebody came from a private source and provided one million to say, why don't you start on a process of innovation? And so what I'm going to talk about is a little bit about my learnings, both of the things that have worked, but I think more lessons that I've learned, you know, in which I failed. So the first thing I would spend money on and quite a large chunk of money would be actually internal communication. There are so many ideas out there, but we've really got to take everyone on. And the thing with innovation is you realize very quickly that in a sense, if you talk about innovation, visions, et cetera, it's quite disempowering. It gets into areas of expertise. There are complications within the organization. And if you really want to reach somewhere, this is like the biggest challenge. It needs to be invested in. You need somebody else to do it than yourself. So that's number one. The second thing is it's not only about internal communication. And what I found was one of the most effective ways in which ICRC people started talking about this innovation is when we had 50% ICRC and 50% external people. These are people with expertise in the areas that the ICRC was interested in, companies, other development organizations, other humanitarian organizations. Because I think there is a fear of opening the gates. There is a fear for all of us to kind of go out. I know for ICRC and I can sort of see it here as well. So I think that's the second biggest thing. The third is what would we do with this money? We kind of made a pot and asked people for suggestions of what they wanted to do. And really very, very, very small sort of criteria. Does it help people? Is it scalable? Is it going to have impact? And why is it not being funded? And really very, very limited amounts of process to kind of get this started. Now, a lot of projects have started as a result of it. But one of the things that I've learned is that you have to properly resource the projects. So having the expertise outside and having the money for the HR is absolutely key. Otherwise these projects go on and on and they never finish. And that's a kind of a waste of money. So that's number three. The fourth is about needs. Where are these needs coming from? We've invested quite a lot of time and money on developing an online platform. It's called redinnovation.org. Please look it up. And it's about sourcing needs from the field. It's very difficult to start. It's very difficult to start because the culture is hierarchical. But it's on this basis that we start to fund kind of projects. I would suggest that you go and see the site and you will see what people's needs are in the field. And this gives a certain transparency to the innovation process. All right. You have a second chance later on. Thank you very much. Okay. So next one is not external. He's very internal. He's Cisco Villalonga, Deputy Operational Director at OCBA. That's MSF Spain. Okay. Thank you. Good afternoon. Regarding how to spend one million Euros in innovation, I will try to bring three basic ideas that I will explain. Protect the people, protect the money, and don't forget the priorities. And I will go for just a quick example. Very recent Ebola outbreak, where there was plenty of money available for innovation. There were challenges and unprecedented challenges for the organization to overcome. And we didn't have the answers for those challenges. And a lot of people willing to find solutions for those challenges. Going to the people, I would talk about cultural change. We need to invest time and resources and money for cultural change.  But individually speaking, this is not happening that much as an organization, yes, but not the individuals. Sometimes they are afraid to expose themselves to try and fail. So we should promote and encourage and recognize those people in the organization trying and eventually failing. And also related to this cultural change to promote and take advantage, because it's the way that innovation works, to promote fluid interactions and identifying the key people. Sometimes they can be decision makers, but many times they are just people eager to try and they become a kind of poll of attraction for innovation. Second one related to money, as I was saying, protect the money or block that budget for innovation and ensure proper management. And I would say strong project managers for the innovation initiatives and having these people in an accountability system, not related project by project, but globally speaking, they say, okay, there's a portfolio of innovation where there will be some projects that will move ahead, some others with agile decision making, they will be dropped at a certain moment and let's look to the global picture only. And finally, as I was saying, focus on strategic priorities with this risk of dispersion of opportunistic innovation to everywhere, as we cannot lose this opportunistic thing, but there has to be somebody always safeguarding that we invest in the core of our priorities, as it was, for instance, the example in Ebola. Thank you very much, Sisko. Very good. So now we move on to Josia Kaplan, and you work for the Humanitarian Innovation Project, right? So please give us your version. And thank you MSF for the generous offer of a million euros to an academic, which I won't comment on the wisdom of that. But let me first start off by saying very much as an outsider that I think MSF deserves recognition for the good work that its various innovation units across the system have already been doing in confronting a major challenge in instituting a culture of innovation. And that's at the heart of any emergency-oriented organization, how to address short-term innovation needs while simultaneously fostering an organization-wide cultural patience to see through longer-term innovation processes successfully. I thought what I could do today is just throw out two points that are often left out of these kind of discussions, and then maybe a few more point-specific ideas of how to actually spend that money. I think in general, across the humanitarian community, more can always be done to develop better recognition for the potential of beneficiary-led innovations. Existing approaches to humanitarian innovation too often tend to overlook the talents, skills, and aspirations of crisis-affected peoples themselves, whether in identifying piloting or scaling up new ideas and solutions to their own challenges. And this is supported by literature and user-centered design, indigenous innovation, and participatory methodology, some of which we've heard of today. The way to actually implement that at the project level, there's really interesting work on innovation spaces that perhaps we can discuss more. But as an ethos, I think it's essential to any culture of innovation to recognize what already exists in the communities you're working with. Second, key to innovation echoing Tern's essential point is the idea of cross-fertilization of ideas. One specific way to facilitate this kind of cross-fertilization in the innovation culture, one I'm extremely biased about, of course, is the building of more robust partnerships with academic research communities. One idea that I know is tremendous interest at my university and many others is funding fellowships to second MSF staff in relevant centers of academic excellence to expose them to some of the wider discourses around innovation theory and cultural change that we work with on a daily basis. Lastly, just to throw out a quick scattering of more point-specific general practices, catalyst funds, a pool of money that internal innovation teams can use for rapid proof of concept of new ideas is always welcome, but it has to be combined or should be combined with a degree of competition through MSFY competitions and judgment panels, which tends to provide an intrinsic motivation and structure. I'd also invest in the development and collection of innovation metrics and indicators built into operating reviews, which requires ownership through committed innovation champions to help make sure that the needle is moving on those innovation metrics. Lastly, and finally, for a relatively small cost, every effort possible, and I apologize if this is already ongoing, should be done to workshop and develop clear and relevant ethical guidance for managing humanitarian innovation in a manner and approach consistent with MSF's core values to provide guide rails for the more sensitive issues around innovations that can cause friction, some of which we've also heard of today. And I'll stop there. Thank you. Thank you very much, Joscha. So now we move on to Dennis Gillette. That is, you're the head of the React Group at the Swedish Federal Institute. Exactly. Thank you for that. Thank you for the invitation. Yeah, I'm glad to be here. And it's also thanks to collaboration we have with OCG, and we learn a lot in that framework. It was mainly a project of technology transfer. We have developed a social media platform to support collaborative research at the European level, and we figured out that it was really something which was matching the requirements you had. And we have been working for one year to adapt it to the requirement of MSF. And I think this dialogue and this direct interaction in the framework of the development is really beneficial for the project. But overall, if we look at your question, I would have been glad to have the question, what to do with one million? But that one is easy to answer. What to do with one million to trigger innovation is a bit more challenging. But we don't really need to be innovative to manage innovation, because I think there's already a lot of models which have proven to be effective. So I would see four components of that. So, obviously, the first one is to have a committee to support the process of innovation. And I know that you have already a few committees supporting innovation. In such a committee, I think I see a few important elements to take into account. First of all, it's always good to mix internal and external people, because internal people will bring the strategy and the vision of the organization, and external people will help everybody to open the mind for ideas. And then those people should be somehow at least in their mission disconnected from the operation, because innovation is about mid- and long-term actions, not immediate reaction to a current problem. And then this committee can run the three other components. And one which is useful for technology and scientific watch is to create the MSF prize for innovation. Because obviously, if you want to go and to look at everything which is happening, which could be helpful for the mission of MSF, it could be challenging. If you go to the academic world, people have no time to talk to you or they are not interested. But if you say, okay, there is some prize and recognition for people contributing well to things which can be useful for you, then those people will come to you. So you have to, with that committee, define a scheme which is helping you to trigger or to bring to you this type of ideas. And it will also somehow induce a change in the research that people are doing, because I would think, oh, maybe I can adapt a bit the research I am doing to be able to submit something to the prize. And the two other components, because I think I have one minute, are more classical. It's finished. So the two other components have been already mentioned by my colleagues. Thank you very much. So we move into the last panel member here, Megan McQuire, that has been working for some time as an epidemiologist and now lately working with the health information system for MSF Paris. So I'm stepping in for a Google person, so I'm not as exciting as Google. But I would like to tell you about how we're spending a million euros. OCP took an ambitious initiative about two and a half years ago to solve an issue that I think most sections face. The abundance of Excel spreadsheets that we find in our missions. We went through a process where we brought in both internal and external viewpoints. We looked at a gazillion technology companies. We had other NGOs give us their opinions. And then we decided to partner with a technology company. And it's been a partnership for over a year where we have developed a pretty impressive application that's about to go into piloting phase and will scale up to all OCP missions within nine months, replacing all those lovely Excel spreadsheets. The part that has been challenging communication for sure, but also figuring out how to manage change within an organization that constantly is changing, facilitating the fact that one direction, this way, today, another direction, tomorrow, and constantly keeping up. And part of the way we resolved that was trying to integrate as much as possible into operations and to have operations be who we're responding to, even though our project is embedded in our medical department. And when we think about innovation, at least for this project, it has to respond to the operational needs that are on the ground. It can't be someone sitting somewhere saying, yes, this is a great idea. Let's plug it down into some project and hope it works. It really needs constant feedback, constant process of our job management and incorporating new ideas. The part that I think we're starting to do quite well is we are communicating with other sections. And there is interesting, slightly competitive, sometimes collegial way of us looking at what other health information systems are being thought of in each section. And I do think this is a healthy way that MSF can think about innovation is allow for things to grow and expand and have an agile process of incorporating ideas and showing things off, but doing it in a way that allows for critical feedback. And this is something that I think is still a little bit of a tricky situation for us. Anyways, I'm happy to talk about the information system and the technology later on. Thank you very much, Megan. So I think we got a lot of different and very interesting answers to the question. So obviously, there is not one right answer to this, but many and many ways to fail also, obviously, and to know that we have to learn from those failures rather than just say, no, this doesn't work. And I think you had something very interesting there when you said that we have to manage how to change because it's a lot about the debt. If we're innovative, then we know how to react and how to adapt to constant changing environment. Now I would like to open for questions so we can trigger a discussion here. So please, anybody from the auditorium that feels they have something they want to say or a question to ask? It's all clear. Yes. Hi, very interesting. I'm Andreas from MSF Sweden Innovation Unit. I think it was interesting that several of you mentioned the mix of internal external people and trying to, how should I say this? I mean, the corporate partners, what do you see as the role of kind of not only academia, but corporate partners industry and what do you see as the role of those kind of partners in achieving innovation within MSF? It's really an open question for you all. I'm looking at that one. I can start, I think probably. I think for us when we tried this and we tried this in quite a large way was that for the first time people kind of came and they were quite wary of each other. The corporate people and the humanitarian people both sort of assumed and had a kind of like a general prejudice against each other. But what was surprising and I think that was the first thing that happened is that people also saw that they had similar values and I think that was the beginning of the conversation. And then, of course, it developed on mutual interest. I'll stop there. Yeah, I think that something that sometimes is not completely perceived is that the interest that there's in the private sector to collaborate with MSF and how many different actors would like to collaborate with us and not the other way around, not just feeling taking something, asking a favor if you want, but the interest is mutual or reciprocal. Then the key thing is how to define the terms of collaboration and the win-win situations for both, especially with corporates. Just to echo that point, there's two questions here. What can corporate or academic partners give MSF and then how to facilitate that engagement? On the facilitation front, I think it's essential to have clear ethical guidance for how to engage. On the offer front, there's a tremendous wealth of good practices in knowledge management and innovation processing that's the bread and butter of what private sector organizations do. How you access that in a safe and principled way, that's where it gets into the fine-grained detail. But I often am concerned that sometimes the potential of those actors are simply excluded because of the potential dangers. As for academics, I have to agree with Dennis. I think there's a lot of academics who are happy to work for very little or no funding to have a sense of impact and to understand an organization like MSF better, but I do agree that we do like funding and don't ever underestimate a grad student needs to pay a rent. Thank you. That's interesting, but I would also like to know it's, in practice, it can be quite difficult, I think, to have these collaborations. Of course, it's, as you say, to find a win-win. But how do you do that practically? And what would you think is the best approach to have in order to have long-lasting relationships? Because I think a problem many times is that it's interesting to do something on a shorter matter. You can get some attention and publicity around it. But then when you really need to do it on a long term, then it's not so sexy anymore. How can we avoid those kind of short-term time and resource-consuming collaborations and go for more long-term things that in then will pay off much more? I think you are an interesting segment of the market for the corporate. So if you organize regularly maybe just once a year or a meeting with them, well, you can trigger innovation to those people because you have very specific requirements. So by interacting with you, they can design the product of the future, which would be useful for your mission. And this is maybe missing. You are reactive and you have to see what is coming. All right, we have a question here. Hi, Philip DeCro, MSF. We've started the discussion with a question around resources and talking about collaborations. And I know that there is some groups that are talking about this idea of frugal innovation, the idea that actually having less maybe promotes more innovation. I wonder if the panelists wanted to comment. Maybe we're looking at this in the wrong way. Very good question. It's what you think. One million is not the incentive to create innovation, but perhaps it blocks innovation. Absolutely. I mean, it's a little bit like we got two minutes to speak. It's exactly right. I mean, I think that none of us really could spend. I mean, the funny thing is that we were given a million strikes to spend in a year and we spent less than half of it. And I think that just to sort of connect a little bit the two questions is that there's a lot going on in the healthcare space at the moment to think it's the biggest game in town. But also what's happening is that people are looking at the bottom of the pyramid markets. And really what we're finding is that we're going away from Europe and America to start doing innovation in countries like India and possibly China. So in a sense, the creativity comes out of having these really strict parameters. Yes, we have some questions in the back. I think we have the gentleman there in a black shirt. Thank you. Thank you. I don't know where this works. A lot of the people in the panel talking about innovation seem to me they were talking about processes and systems. And I was just thinking maybe because you are an emergency organization, but relationships. I think there's more innovation when you do stuff through relationships. Is there a lot of investment in relationships with the people on the ground to create innovation? Very good question also I think here. How do we do look beyond the processes and at the people and turn it back into the organization? How do we promote that to happen? Not just talking about processes, but saying that we should think differently, but also to do differently. Who feels like answering this question? If I can start, I would say that a really effective innovation project is a project we do together, even between an external partner and people in the field and people in the organization. And it's a continuous interaction to see what are really the needs and how to implement things. So it's not about funding and giving money to somebody and say come back in two years and show what you have done. No, it's really working continuously for all the duration of the innovation process together. I just add again that when we talk about relationships with people, I mean there's the internal axes of top down and bottom up within MSF, and then there's the communities you work within who often hold a lot of solutions to their own problems in a vacuum of guidance. Those of you familiar with the U.N. innovation lab systems, there's a lot to discuss there, a lot of models that do and don't apply to humanitarian emergency space, but don't forget about the communities themselves as well. Very good point. Yes, the gentleman here with the white shirt. At the back. Sorry. You were first actually, that's right. So first the lady in the back and then the gentleman here. First of all, I'd like to say how my heart was gladdened by that previous question. My name's Jane Cooper. I've gone from public health into organizational studies at the moment and I'm rather with desire on end use of innovation. I think what would be interesting would be to consider the barriers within an organization that are inherently stifling to the process of innovation. I can offer useful references to anybody who wants to get in touch with me afterwards, but I think it is a universal issue. But I think that the structure of MSF offers some particular opportunities in terms of promoting the diversity of approach and some differences between sections. Back on that previous question, and maybe I can work in the question I couldn't ask about the managerial panopticon for Afghanistan national staff. I think that the local staff are a resource that we don't sufficiently value and I think that there would be a great deal of innovation that would come up from national staff if we could avoid looking at them as quantifiable and measurable resources to be appraised. Thank you. Thank you very much. So yeah, to take care of the people inside and then that's where innovation happens and also how do we look at the institutional barriers that we have, but also the possibilities that the structure the organization has. So I think that you can give us a point on this, anyone? Cisco, you can give us an interview here from the internal perspective. Yeah, I think that internally we can look at two different levels. The one that you were mentioning that is the diversity between operational centers, that is a strong point that we shouldn't lose at any moment in terms of advantages in different areas and innovation is one of them. Then there's the tension between the diversity and dispersion and the mapping of all those innovation initiatives and avoiding overlapping or gaps. And this is I think the line of tension where we are trying to manage. Internally speaking in a more vertical way looking at the movement but also at every operational center, governance becomes more and more complex and this makes the structures more rigid and more complicated. Historically we have this flexibility in the kind of relationships and interaction that we have in the organization, but we risk to lose that. So the management of the innovation should promote that fluid. Thank you there Cisco. I know you have a lot more to say and we will continue the discussion afterwards but Ariane is looking at me very very firmly so we will have to round it up there and we will we thank of course the panel here, the excellent panel and thank you all and of course also you online and please comment and tweet if you have something more to add to this discussion. Thank you. Thank you very much. I think and particularly the last point about how do we empower the patients and the people in the field to engage in the process of innovation and to drive the process of innovation versus how do we encourage an institutional approach at the same time and I think that balance is something that is very tricky and something that we have to preserve particularly in MSF. We want to make sure that the people in the field are the ones who are capable of bringing identifying and driving the process of innovation that we support rather than that we take that responsibility on their behalf. With that thank you very much Marpe for an interesting showcase and an interesting discussion around innovation. We have half an hour break so be back here promptly at in 29 minutes exactly. There's two things. First of all the presenters and everyone who's going to be involved in the next session should be gathering here as per normal. Secondly at the exit we're already giving you the forms in order to evaluate because we know at the end of the session there might be an interest of the room to go and have a drink so fill out your forms now so that we can profit from your experience and your inputs. Thank you.


I'm just going to talk about the clean channel specifically on these amplifiers because it's got some quite unique features. When you switch from one voice to another it isn't just some subtle EQ that is going on. The whole of the actual tone stack is being shifted from earlier on in the signal chain which it does on the more American sound which means that it actually attenuates your signal and also prevents much overdrive and then when you switch to the voice to then it shifts the whole of the tone stack further on in the signal path so it's after the valves which allows the valves to overdrive a bit more and it also shapes then the tone of the overdrive more so it's a completely different way of processing the signal just within the actual clean channel itself. In addition to that there are changes going on in the power amp as well to do with the negative feedback to more closely simulate the tones we're trying to achieve.