Skate To Where The Puck is Going To Be. Not Where It Has Been
Updated
There’s a Wayne Gretzky quote that’s been repeated in thousands, and thousand meetings, PowerPoint presentations, and I’ll repeat it here, on TradingView:
"Skate to where the puck is going, not where it has been".
It’s a wonderful thought: Instead of chasing what’s already happened, try to get a step ahead! And hey: Wayne Gretzky once scored 92 goals in an 80-game season, so he must know something about success.
Gretzky explains his style of play further:
People think that to be a good player you have just to pick the puck up, deke around ninety-three guys, and take this ungodly slap shot. No!
Let the puck do all the moving and you get yourself in the right place. I don't care if you're Carl Lewis, you can't out skate that little black thing. Just move the puck: give it up, get it back, give it up. It's like Larry Bird. The hardest work he does is getting open.
The jump shot is cake!
That's all hockey is open ice. That's my whole strategy: Find Open Ice.
Chicago coach Mike Keenan said it best: "There's a spot on the ice that's no-man's land, and all the good goal scorers find it." It's a piece of frozen real estate that's just in between the defense and the forward.
Here is just a small sample of some of the quote’s more prominent appearances in business:
👉 Steve Jobs: “There’s an old Wayne Gretzky quote that I love. I skate to where the puck is going to be, not to where it has been. And we’ve always tried to do that at Apple.” (You can listen to him say it here, in the first 10 seconds of a tribute video Apple put together upon Jobs’s death, which is no doubt behind the spike in the Apple shares chart since 2011).
👉 Warren Buffett said on stock market pessimists in 2008: "In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: ‘I skate to where the puck is going to be, not to where it has been."
👉 John Roth, former CEO of Nortel in 2001: "So we’re looking at this and saying, "When the customers have money again, when will that be and which products do we have to have?" - making sure we go to where the puck is going to be."
That last one is a particularly useful reminder of the hollowness of so much corporate speak. Nortel didn’t just miss where the puck was or was going to be, it found itself stuck at home, waiting for someone to give it a lift to the rink.
Inspiration is something between us. It something is in the Open Air.
As a dozen (or so) BTC funds have been launched already, and 4th BTC Halving is in the History already, lets see the main graph to find out where we can inspire further.
A few days ago I found on TradingView this publication published by CME_Group Bitcoin Halving 2024 – This Time It’s Different.
Thanks to KevinSvenson_ and his Bitcoin Halving Cycle Profit script, I have to say:
"Who knows, some things may be different this time, but some things may be not".
The main graph is for BTC Market Cap Dominance (log scale). In technical terms we are near upper side of its long term bearish channel, where (based on 40-weeks cycle following each BTC halving) Q4'2024 or even early 2025 indeed is expected for Bearish continuation and further huge draw in BTC Dominance.
Bottom Line
Business has a long history of sports metaphors. Of course, there can be nothing on the charts 100% similar with Gretzky’s uncanny abilities.
Anyway, lets watch ahead of the BTC Dominance, to figure out what the market will look further from now.
"Skate to where the puck is going, not where it has been".
It’s a wonderful thought: Instead of chasing what’s already happened, try to get a step ahead! And hey: Wayne Gretzky once scored 92 goals in an 80-game season, so he must know something about success.
Gretzky explains his style of play further:
People think that to be a good player you have just to pick the puck up, deke around ninety-three guys, and take this ungodly slap shot. No!
Let the puck do all the moving and you get yourself in the right place. I don't care if you're Carl Lewis, you can't out skate that little black thing. Just move the puck: give it up, get it back, give it up. It's like Larry Bird. The hardest work he does is getting open.
The jump shot is cake!
That's all hockey is open ice. That's my whole strategy: Find Open Ice.
Chicago coach Mike Keenan said it best: "There's a spot on the ice that's no-man's land, and all the good goal scorers find it." It's a piece of frozen real estate that's just in between the defense and the forward.
Here is just a small sample of some of the quote’s more prominent appearances in business:
👉 Steve Jobs: “There’s an old Wayne Gretzky quote that I love. I skate to where the puck is going to be, not to where it has been. And we’ve always tried to do that at Apple.” (You can listen to him say it here, in the first 10 seconds of a tribute video Apple put together upon Jobs’s death, which is no doubt behind the spike in the Apple shares chart since 2011).
👉 Warren Buffett said on stock market pessimists in 2008: "In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: ‘I skate to where the puck is going to be, not to where it has been."
👉 John Roth, former CEO of Nortel in 2001: "So we’re looking at this and saying, "When the customers have money again, when will that be and which products do we have to have?" - making sure we go to where the puck is going to be."
That last one is a particularly useful reminder of the hollowness of so much corporate speak. Nortel didn’t just miss where the puck was or was going to be, it found itself stuck at home, waiting for someone to give it a lift to the rink.
Inspiration is something between us. It something is in the Open Air.
As a dozen (or so) BTC funds have been launched already, and 4th BTC Halving is in the History already, lets see the main graph to find out where we can inspire further.
A few days ago I found on TradingView this publication published by CME_Group Bitcoin Halving 2024 – This Time It’s Different.
Thanks to KevinSvenson_ and his Bitcoin Halving Cycle Profit script, I have to say:
"Who knows, some things may be different this time, but some things may be not".
The main graph is for BTC Market Cap Dominance (log scale). In technical terms we are near upper side of its long term bearish channel, where (based on 40-weeks cycle following each BTC halving) Q4'2024 or even early 2025 indeed is expected for Bearish continuation and further huge draw in BTC Dominance.
Bottom Line
Business has a long history of sports metaphors. Of course, there can be nothing on the charts 100% similar with Gretzky’s uncanny abilities.
Anyway, lets watch ahead of the BTC Dominance, to figure out what the market will look further from now.
Note
Apr 25, 2024🤔 Did you know, that logo of Twitter (former name of X) was inspired by the legendary basketball players.
As it turned out, the bird from the logo of the popular social network Twitter had a name - its name is Larry (Larry the Bird). And this is not an accident, since the bird was named so in honor of the legendary American basketball player Larry Bird.
Probably few people have ever thought about where the Twitter logo came from. And few people suspected that the logo even had a name.
Why Larry the Bird? One of the service's co-founders, Biz Stone, was a big basketball fan. During his youth, a player named Larry Bird, or Larry Bird, was shining in the basketball arena. It was under Larry that the NBA Boston Celtics, for whom he played his entire career, began to win after a long break. Bird was named the NBA's Most Valuable Player three times and was subsequently included in the list of the 50 Greatest Players in NBA History. Bird appears to have been one of Stone's favorite basketball players, who was born near Boston.
🤔 That's a interesting thing, what inspired Elon Musk when he replaced the Birdie logo into mournful black color background topped off with the letter X.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.