This is a good lesson in how to give a reading--but not a cold reading as it is sometimes understood to mean using clues from the person's appearance (except the hands). Osterlind explains how to use jumping off points to structure a reading. The reading is not tailored to the individual. Nevertheless, Osterlind has good ideas for how to do a generic reading anytime, anyplace.

I love Mr. Osterlind and most of his work I find very helpful. This was not one of his better teaching videos. It seems as if he does not do cold reading as much as he does some of the other things that he teaches.
As a result of this, he misses one in the routine for the live audience and the cold readings that he does are not as excellent as much of his other material.
If you are looking for good/great material on cold reading I would suggest Luke J.'s work, both his four volume set and his "Making Mentalism Look Real" DVD.
All in all this is not bad, but it should have been tightened up because it feels as if Mr. Osterlind is wandering a bit at times. This is not the best introduction to cold reading and while I think that there are some valuable tips, there is much more available from some others.
Nothing bad, just not up to the usual excellence that I have come to expect from Mr. Osterland.

In this video, Richard Osterlind gives a very practical process for cold reading as well as a way to practice it.

Richard Osterlind gives an insider's tour into cold reading. It's not mysticism. It is solid "how to" advice. He even tips the working secret of his SOS bag and explains how it can be used in conjunction with cold reading. It is essentially a fail-safe way to start in cold reading. As always, Richard is providing real world advice gained from his over 45 years as a performer. If you're into mentalism or mental magic, this lecture more than pays for itself.

First, I really like and respect Richard Osterlind. His material is absolutely first rate. His effect are audience tested winners. And I own much of his books and DVD's.

That said, I was a little disappointed with Step 10: Cold Reading. Just seemed to skim the surface. Perhaps I was looking more for a set formula not a mind-set guide.

The gimmick he used in the demo video is great - except there was no info on how or where to get it. (Penguin???)

Overall, good info, worth the investment, just not up to the highest level of over-delivering Osterlind is known to provide. Sorry - Love you Mr O!