Wednesday, November 23, 2011

Hiking Light - Sweat the Small Stuff and Reduce the Weight of Everything in Your Backpack

!±8± Hiking Light - Sweat the Small Stuff and Reduce the Weight of Everything in Your Backpack

All your life people have said "Don't sweat the small stuff." That's usually good advice. But in lightweight backpacking it's a great idea to "sweat the small stuff."

You can trim the most weight from the larger items you carry such as your tent, sleeping bag, and the backpack itself. Then you move on to the sleeping pad, rainwear, and cooking gear. But don't stop there. All the remaining little items add up, too. If you ruthlessly trim them, you can carry significantly less weight. You'll enjoy the freedom, and you can maintain comfort. In some ways you'll have more comfort, not just from weight savings, but because of the smaller size and simplicity of the gear.

Remember that every lightweight technique is an option. Pick and choose what works for you. Every backpacker is different. Do it your way.

Have you ever been ready to leave for a backpacking trip and grabbed something at the last minute? Maybe you packed a flashlight or extra shirt that weighed 6 ounces. That seems pretty light. It surely wasn't going to ruin your hike. Not by itself anyway. But in lightweight backpacking the thing to remember is that every single item adds up.

In my backpack I carry a sandwich size ziplock bag that weighs less than 6 ounces - and it holds 27 items. That's 27 pieces of gear that weigh the same as many hiker's flashlight. Read through the list and see how you can trim weight and enjoy a lighter, simpler backpack.

Compass - 0.1 oz - It's the tiny insert portion of a keychain compass
Whistle - 0.1 oz - Tiny cylinder-shaped aluminum style
Mirror - 0.2 oz - For signaling & grooming. acrylic, trimmed small
Comb - 0.1 oz - Cut in half of course!
Book Matches - 0.3 oz - 2 full regular books
Safety Matches - 0.3 oz - Some wind & waterproof in a 2x3" ziplock bag
Soap, Biodegradable - 0.3 oz - For body & dishes, small amount in 1/4 oz. container
Sunscreen - 0.3 oz - Liquid style, small amount in 1/4 oz. container
Pen - 0.1 oz. - Thick style refill will work
Paper - 0.2 oz - A few "sheets" in 3x5" ziplock--fire starter too!
5 Rubber Bands - 0.2 oz - Extras for repair, wraps air mattress, etc...
Toothbrush - 0.1 oz - Trim handle, then drill holes for fun!
Tooth Powder - 0.1 oz - Lighter than toothpaste...
Floss - 0.1 oz - In a 3x5" ziplock, great for repairs too
SPF Lip Balm - 0.2 oz - Look for a thinner, lighter brand than usual
Benadryl Cream - 0.4 oz - Added to first aid kit, relieves bug bites a little
20 Ibuprofen - 0.2 oz - Backpacker pain reliever of choice in 2x3" ziplock
12 Aspirin - 0.1 oz - Extras for altitude headaches in 2x3" ziplock
8 Loperamide - 0.1 oz - For diarrhea, trimmed and put in 2x3" ziplock
6, 1" Brass Safety Pins - 0.1 oz - For equipment repairs and treating blisters
30 Potable Aqua Tabs - 0.3 oz - In amber 1-dram bottle, 1.1 oz if in original bottle
Light Nylon Cord - 0.2 oz - For repair or general use, 25 ft. in 3x5" ziplock
Gerber Micro Knife - 0.4 oz - Very light, high quality
2 Princeton Pulsar IIs - 0.4 oz - Enough light for camp use, includes a backup
Extra Set of Batteries - 0.2 oz - Extra set for both. Insures many hours of light
Favorite scriptures - 0.1 oz - 40 years in wilderness, must pack light!

There it is. That's 27 items of gear that weigh less than 6 ounces! You can do it and enjoy the freedom, too.

You can reduce the weight of other small pieces of gear, too. For garbage the large re-sealable 10 ½" x 12" bags found in supermarkets work great and they weigh only 4/10s of an ounce. If you need sunglasses, start looking for the lightest, frameless quality pair you can find and then make them the ones you always leave in your backpack. For your map, take only what you need, but don't trim the legends or emergency "escape routes."

Some car keys can be hollowed out. I drilled almost half the weight out of mine. I attached some bright mylar (from balloons) so the key can be spotted easily if dropped. Take some cash, at least one credit card, and your driver's license, but leave your wallet and most of its contents home. It's dead weight.

Don't skimp too much on toilet paper, but do place it in a ziplock bag. And be sure to use white, non-scented. A super light emergency blanket can give you protection for only 1.8 ounces. Your first aid kit can be quite complete and very light. You can start with a "mini kit" and throw away the plastic pouch it comes in. Place the contents in a ziplock bag and with the weight savings from tossing the original container you can actually add more emergency items or things you use most. Those can include items such as butterfly bandages, a roll of light surgical tape, extra packages of triple antibiotic ointment, or extra moleskin. You can pack a lot of first aid in two ounces.

Most people want some kind of pillow, but experiment with light ones. Your clothing in a stuff bag might work. Part of your pack might work. I use a small piece of foam that weighs 7/10s of an ounce and add clothing underneath for more loft.

Some hikers won't leave home without a camera. There are lots of lightweight options for cameras. There are backpackers who consider deodorant a must. Arrid makes a cream that can be placed in a small, plastic container. If you need reading glasses, look at the very narrow kind. They're probably half the weight of your regular pair. For your medications, use small ziplock bags if your meds don't need to be in super, airtight containers.

When you "sweat the small stuff," you not only save weight, you simplify your hiking techniques and save bulk in your backpack. Cutting the weight of the little things is one more way to help you float down the trail.


Hiking Light - Sweat the Small Stuff and Reduce the Weight of Everything in Your Backpack

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Tuesday, November 15, 2011

Investment Books Review #2: Reminiscences of a Stock Operator - A Timeless Classic

!±8± Investment Books Review #2: Reminiscences of a Stock Operator - A Timeless Classic

This is Edward Lefevre's story of the legendary speculator Jesse Livermore - and Reminiscences of a Stock Operator is full of trading wisdom.

Although written 83 years ago, its wisdom and insight are timeless, being often featured as one of the top ten investment books of all time - and this is a book every trader should read.

Jesse Livermore - A Trading Legend

The book follows the exploits of Jesse Livermore and his colorful trading history.

He made and lost tens of millions of dollars, speculating in the stock and commodities markets during the early 1900s.

At one stage, he made million dollars in just one month - imagine what this amount would be worth today!

The Importance of Money Management

Reminiscences of a Stock Operator, though, are not so much lessons in how to make money - but how you should protect what you have.

The book is a witty and entertaining read - but the real value of the book is the insight into a traders mind, and how our emotions cause us to lose more than we should - if we don't trade with discipline.

As Livermore says:

"Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does the damage to the pocketbook and to the soul."

Can you associate with that? - I can!

"All stock market mistakes wound you in two tender spots - your pocketbook and your vanity."

Yes, we all hate taking losses, but at the end of the day, you have to forget your pride - as Livermore says, but you need to keep losses small.

The Myth of Market Timing

Whilst the book is rightly seen as an insight into trader psychology, it also makes an important point in relation to market timing, and trying to PREDICT market turning points.

As Livermore correctly says:

"One of the most helpful things that anybody can learn, is to give up trying to catch the last eighth-or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent."

He's Right!

Many traders make the mistake of trying to predict market turning points - and follow methods such as Gann and Prechter - but the fact is, the best way to make money, is to wait for confirmation - before entering the market.

You miss a bit of the move, but so what? - You will make money overall, as the odds will be in your favor.

Predicting the market, nearly 80 years after Livermore's death, is still a major mistake traders make today.

A Sad Ending and a Lesson

This book was published seven years before the 1929 Crash.

Although Livermore avoided losses in the crash - he got out before the crash - he made the mistake of going back in too early - and lost heavily.

The market falls of late 1931 and 1932 drove him to bankruptcy - and eventually to suicide. This shows how even great traders like Livermore, could not keep their emotions out of trading - we all know it's hard to do, but it's an essential part of trading success.

Reminiscences of a Stock Operator remains one of those books that is a true classic, in the eyes of all who have read it.

If you have not read it, do so - it will bring a smile to your face, and give you trading insights you will remember forever.


Investment Books Review #2: Reminiscences of a Stock Operator - A Timeless Classic

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