Books

  • Here Are Some Links For Your Weekly Reading – September 22nd, 2024

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    Here are some of the posts that caught my eye recently. Hope you find something interesting.

    Lighter Links:

     

    Trading Links:

  • Remembering Ikigai In Stressful Times

    Over the past century, life expectancies have soared while birth rates have declined. This unusual combination of population dynamics creates significant demographic and socioeconomic challenges for societies worldwide.

    To put things in perspective, adult diapers now outsell baby diapers in Japan. Think about how that likely reshaped Japan's workforce and consumer markets.

    Getting old is tough, and it gets tougher the older you get.   As a result, finding your 'reasons for being' and joy in life becomes even more important … it may also be the secret to living longer and healthier.

    Many people (all over the world) struggle to get up in the morning. 

    There's a Japanese concept called Ikigai that may help.

    Ikigai centers around finding purpose as you grow older. Paradoxically, it makes sense to start the process as early as possible. 

     

    IIB-Ikigai-1

    via InformationIsBeautiful

    Finding your "reason to be" and living with purpose is a key to making the most of your time.

    The graphic highlights something interesting (yet almost counter-intuitive) … When two areas intersect, it creates something positive (e.g., a passion or a mission).   However, where three areas intersect, it creates a pain point (for example, it could be what you're good at, you love doing it, the world needs it … but it doesn't make you any money – so now you're struggling).

    It's worth examining and thinking about for a bit.

    On a related note, here is a TEDx talk about the nine common diet and lifestyle habits that help people live past 100 … whether or not they take you past 100, they're probably a good place to start. 

     

     

    TED-ED via YouTube

    And here is a link to Dan Sullivan's e-book, My Plan for Living to 156. That may sound outrageous, but it's worth reading because Dan shares surprisingly valuable insights in this book. It doesn't matter whether you actually live to be 156; what matters is living as if it were true. Someone who believes they're approaching the end often looks for excuses or an off-ramp rather than seeking purpose, meaning, and a Bigger Future. By shifting your perspective, you can create a more purposeful and fulfilling life, regardless of your actual lifespan.

    Live long and prosper!

  • Cognitive Biases & The Consequences of Labeling

    “Words can be twisted into any shape. Promises can be made to lull the heart and seduce the soul. In the final analysis, words mean nothing.
    They are labels we give things in an effort to wrap our puny little brains around their underlying natures,
    when ninety-nine percent of the time the totality of the reality is an entirely different beast.
    The wisest man is the silent one. Examine his actions. Judge him by them.”
    ― Karen Marie Moning

    Continuing with the theme of cognitive biases, the upcoming election has me thinking about the consequences of labeling things, creating boxes, and simplifying ideas into news-ready headlines.

    With more news sources than ever and less attention span, you see ideas packaged into attention-grabbing parts.  The focus isn't on education or the issues, but on getting the click, making your stay on their page longer, and sending you to a new article utterly unrelated to why you clicked on the page.

    Complex issues are simplified – not even into their most basic forms – but instead into their most divisive forms … because there's no money in the middle.

    200705 Einstein's Simplicity Quote

    via Quote Investigator

    The amplified voices are those on the fringe of the average constituents' beliefs – precisely because those are the ones who are often the most outspoken.  We might think that because they're the voices we hear, these fringe messages fairly represent what people like us believe or think … but they rarely do. 

    Issues that should be bipartisan have been made "us" versus "them," "liberal" versus "conservative," or "right" versus "wrong." The algorithms many of our information sites use create echo chambers that increase radicalization and decrease comprehension. 

    Identity politics have gotten so strong that you see families breaking apart and friend groups disintegrating … because people can't imagine sharing a room with someone with whom they don't share the same values. 

    In psychology, heuristics are mental models that help you make decisions easier.  They're a starting point to save mental bandwidth, allowing you to spend more brain cycles on the important stuff.

    That's a great use of "boxes" and "simplification"… but it shouldn't eliminate deeper and more nuanced thought on important issues. 

    Most situations are nuanced, and the "correct" answer changes as you change your vantage point.

    In an ideal world, we'd consider every angle.  I recognize that's not realistic.

    Instead, I encourage you to remember to continue to think and learn … even about things you already know.  And, if you become familiar with the most common cognitive biases, you can hopefully identify them in your thinking and decision-making.

    Confirmation Bias is one of the more common forms of cognitive bias.  Here is an infographic that lists 50 common cognitive biases.  Click to explore further.

     

    200705 50 Cognitive Biases Small

    via VisualCapitalist

    Important issues deserve more research.  New insights happen between the boundaries of what we know and don't.  Knowledge comes from truly understanding the border between what you are certain and uncertain about. 

    I challenge you to look beyond the headlines, slogans, and talking points you like most.  Look for dissenting opinions and understand what's driving their dissent.  Are they really blind or dumb (or are their value systems just weighted differently)?

    Not everything needs to be boxed.  Not everything needs to be simple.  You should explore things and people outside of your comfort zone and look to see things from their point of view … not your own. 

    Recently, I've started using a website and news app called Ground News.  They claim to be a news platform that makes it easy to compare news sources, read between the lines of media bias, and break free from algorithms. 

    As discussed above, online news and ad-driven algorithms have made it profitable for news outlets to embrace a position on the bias spectrum to target specific consumers.   That bias in the media affects everything from what events receive coverage to how a news outlet frames those events in their reporting.

    As media outlets narrow their perspective and range of coverage, I use Ground to help me get a well-rounded view of important issues and become aware of my blind spots.

    Applying This Lesson  

    “I am ashamed to think how easily we capitulate to badges and names, to large societies and dead institutions.”
    ―     Ralph Waldo Emerson, Self-Reliance

    I love learning a lesson in one space and applying it to other spaces.  It's one of the cool things about AI.  An algorithm can learn rules in the construction space that may help in the medicine or trading space.  Everything's a lesson if you let it be.

    In that vein, the lesson on labeling also applies to yourself and your business.  Don't get me wrong – naming things is powerful.  It can help make the intangible tangible.  However, don't let the label (or your perception of the label) stop you from achieving something greater. 

    Many things are true because we believe them to be, but when we let go of past beliefs, the impossible becomes possible, and the invisible becomes visible.  

    Hope that helps. 

  • Revisiting Some of My Favorite Podcast Appearances

    If you're interested in AI and its impact on business, life, and our world, I encourage you to check out some of my past podcast interviews.

    As I work on finishing my book, "Compounding Insights: Turning Thoughts into Things in the Age of AI," I've revisited several old episodes, and some are certainly worth sharing.  I've collected a few here for you to listen to.  Let me know what you think.

    In 2021, I recorded two interviews that I especially enjoyed.  The first was done with Dan Sullivan and Steven Krein for Strategic Coach's Free Zone Frontier podcast… and the second was with Brett Kaufman on his Gravity podcast. 

    Please listen to them.  They were pretty different, but both were well done and interesting. 

    Free Zone Frontier with Dan Sullivan and Steve Krein

    Free Zone Frontier is a Strategic Coach program (and podcast) about creating "Free Zones." It refers to the green space where entrepreneurs collaborate and create without competition.

    It's a transformative idea for entrepreneurial growth. 

    This episode focused on topics like building a bigger future, how decision-making frameworks and technology can extend your edge, and what it takes to get to the next level.   I realize there is a lot of Strategic Coach jargon in this episode.  However, it is still easy to understand, and there was great energy and an elevated conversation about worthy topics.

    As an aside, Steve Krein is my cousin, and we joined Strategic Coach entirely separately before realizing we had joined the same group. 

    The podcast is 47 Minutes.  I hope you enjoy it.

     

    Or click here to listen on Spotify, Google Podcasts, or Apple Podcasts

    Gravity Podcast with Brett Kaufman

    Usually, I talk about business, mental models, and the future of AI and technology, but Brett Kaufman brought something different out of me. 

    Brett's Gravity Project is about living with intention, community, consciousness, and connection.  He focuses on getting people to share their life experiences … with the intent that others can see themselves in your story. 

    In my talk with Brett, we do talk about the entrepreneurial journey … but we also probe some deep insights by discussing the death of my younger brother, how my life changed almost immediately upon meeting my wife, and why love is the most powerful and base energy in the universe. 

     

    This was not a typical conversation for me (a different ratio of head-to-heart), but it was a good one (and I've had many people reach out because of this podcast).  It was fun to revisit my childhood, from playing with a cash register at my grandfather's pharmacy to selling fireflies or sand-painting terrariums; it's funny how those small moments influenced my love for entrepreneurship. 

    The episode is 65 minutes.  I hope you enjoy it. 

     

    Click here to listen on Spotify, Apple Podcasts, or Listen Notes.

    Last year, I recorded two other podcasts that I'm excited to share … It's interesting to see the change in topic and focus – but how much is still the same (timeless). 

    Clarity Generates Confidence With Gary Mottershead

    I talked with Gary about intentionality, learning from the past, and how AI adoption is more about human nature than technology … and more. 

     

    Click here to listen on Spotify or Gary's Website.

     

    Creative On Purpose With Scott Perry

    On the surface, this episode may seem like just another conversation about AI, but I value the diverse insights, points of emphasis, and perspectives that different hosts illuminate.

    In talking with Scott, we dove deeper into emotional alchemy, self-identity, and how to move toward what you want in life – instead of away from what you don't want. 

     

    Click here to listen at Scott's Substack.

    I'm currently planning a podcast series called "Frameworks on Frameworks," where we'll explore great ideas, how they work, and how you can use them.

    Let me know your thoughts and any topics you want us to cover.

  • Here Are Some Links For Your Weekly Reading – February 18th, 2024

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    Here are some of the posts that caught my eye recently. Hope you find something interesting.

    Lighter Links:

    Trading Links:

  • A Look At Jim Simons & Renaissance Technologies

    Jim Simons is a mathematician and cryptographer who realized that the complex math he used to break codes could help explain financial patterns – and he made billions with those ideas in his notoriously secretive hedge fund firm, Renaissance Technologies. 

    Though he stepped down in 2021, I still think his legacy is fascinating, not just for its impacts on the Hedge Fund industry – but on trading as a whole. 

    He is famous not only for the duration of his success and the size of his results … but also for the way he made his money (with much lower volatility and risk than his peers and competitors). 

    His background is impressive.  Simons taught at Harvard and MIT and worked with the NSA.  Here is a video where he shares some thoughts in a 2015 TED talk interview.  It's worth a watch. 

    TED via YouTube

    Despite advanced math still being a mystery to many,  we rely on it more than ever as the foundation of many exponential technologies.

    The Heart of AI is Still in Humans

    Simons built a team of mathematicians whose motivation was doing exciting mathematics and science (rather than hired guns who could be lured away by money or pure trading quants, biased by the industry).

    This hits on something important. 

    The Heartbeat of AI is Still Human_GapingVoid

    Humans are still important … and companies that pursue exponential thinking and exponential technologies still have to champion integrity, culture, and purpose.

    Better Math is a Competitive Advantage – So is More and Better Data

    We stayed ahead of the pack by finding other approaches and shorter-term approaches to some extent … but the real thing was to gather a tremendous amount of data

    – Jim Simons

    On top of his intelligent hiring and novel approach to trading, Jim Simons recognized that an impressive data pipeline – and the technological infrastructure to digest and analyze that data was a moat to competitors. 

    It is hard to have an edge if you use the same process and the same data as your competitors.

    As the flywheels of commerce spin faster, edges will emerge and decay faster.  Finding a solution is only a step in an ongoing process.  

    Robust, reliable, and repeatable innovation at scale is a meaningful competitive advantage.  That implies that idea factories will become as important (if not more so) than factories that produce material products.  Likewise, innovation funnels will become more important than sales funnels. 

    The world changes at the speed of thought … and as technology continues to improve … even faster.

    Onwards!

  • Entrepreneurship Over The Last 30 Years

    I've been an entrepreneur ever since I can remember.  I sold tadpoles and frogs in elementary school, colored sand terrariums in middle school, stereos and sound systems in high school and college, and I started a database development company in business school. 

    But it wasn't until the early 90s that I made being an entrepreneur my career.

    I quickly realized I needed peer groups and advisors to help take my businesses to the next level. 

    Verne Harnish was one of the first people I found.  I joined the Young Entrepreneur's Organization (but so many of us have lost our "Y" that it's now just called the Entrepreneurs' Organization.) Among many entrepreneurial endeavors, Verne founded EO, Gazelles (a global executive education and coaching company), and Birthing of Giants (now called the Entrepreneurial Masters Program at MIT).  

    I was recently at a party with him in Arizona.  While there, I asked him, "What's changed about entrepreneurship over the last 30 years?".  Here is a short video with his response. 

     

    I was happy to hear that the answer was "Nothing".  While the hot industries, technologies, and players have changed, many of the winning principles are timeless. 

    This is a helpful reminder that, even when innovating, we should focus on what doesn't change – rather than what does. 

    Verne has lots of insights.  I recommend you check out his books – Scaling Up,  Mastering The Rockefeller Habits, and The Greatest Business Decisions of All Time.

    He also offers some great one-page tools that you can download here.

    Good Stuff … Hope it Helps!

  • Sign Up For My New AI Newsletter

    I'm launching a new newsletter - with a twist.  The newsletter will be fully automated and produced by an AI we are training to pick out the articles to highlight and share.

     

    Don't Let the Past Get In the Way of the New.

    Even though a lot of what I think and write about is innovation, exponential technologies, and automation … until now, what we write and send has been the result of human effort rather than artificial intelligence or technology. 

    Sure, portions of the process leverage technology … but humans have written the vast majority of what you read here. 

    It takes many hours a week.  Frankly, many more hours than you would guess!  

    Still, I enjoy working on the Weekly Commentary and the list of links that I share.  It is a labor of love (or OCD?) that I have been producing for about twenty years!

    If you aren't a subscriber yet, please click here to get it!

    We currently send out two weekly e-mails.  The one that comes out on Fridays is a hand-curated list of links that I found interesting during the week.  The Sunday edition has two articles written by me and my son, Zach, along with a few more links. 

    Deep down, I know that AI is now good enough to curate a high-quality list of articles in a more efficient, effective, and certain way than what I produce.

    So, we are about a week away from launching this.

     

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    This is my John Henry Versus The Machine.

    And I'll tell you what – I'm worried.

    The new AI-generated newsletter is really good. 

     

    Why Play a Losing Game? 

    I know that I will lose … But I also know that I will win.  And so will you!

    This does not have to be an "either-or" decision.  This is a "both-and" decision.  Meaning … I don't have to decide whether to stop producing by hand, in order to also produce with AI.

    One of the challenges with AI is that the fitness function you choose significantly impacts the result you achieve.

    If the purpose of the newsletter was only to produce a quality newsletter in less time, with less effort, and with greater certainty that readers engage … then the result is inevitable.  The AI newsletter wins.

    However, I didn't choose to produce the newsletter for the newsletter.  The newsletter is a natural result of my nature. I did the research because I wanted to do the research.

    I am naturally curious and passionate about these things.  It's what I think about.  It's who I am … and what I do.

    The Weekly Commentary and Link List are strategic byproducts of something that I'm going to choose to do anyway,

     

    AI Won't Replace the Real Magic.

    One of my beliefs about AI is that you shouldn't use it to replace your Unique Ability.  In other words, don't try to automate, delegate,  or outsource something you are great at, if it gives you energy.  The goal is to magnify "magic," not replace it.  The goal is to spotlight and support those areas by taking away things that are frustrating, bothersome, distracting, or taking cycles away from something that would produce a greater result with less energy.

    The point is, I can do both.  I will still do research because it gives me pleasure, knowledge, and a greater likelihood of continuing to learn and grow. I will continue to write and curate. 

    Why?  Because it's also an important part of my thinking process.  I think when I speak.  I think when I write.  But more importantly, I think when I am preparing to speak or write.  I wouldn't be me if I didn't go through that process.  I also don't believe my ideas or opinions would continue evolving without the challenge and effort.

    And I will also enjoy evolving new and different channels of communication.

    Hopefully, we all benefit.

    So, I hope you sign up for the new newsletter. We'll be sending out the first e-mail within the next week or two. 

    As I've said, I love writing and researching.  I'm an innovator at heart. 

    Many read my articles because of my commitment to AI, new technologies, and the future.  Most of my exploration has been centered on Capitalogix and our Amplified Intelligence Platform.  But there are a lot of exciting new use cases of AI, and I'm exploring many of those apps right now. 

    For example, as you could have guessed, one such use that I'm excited about is AI-curated newsletters.  Many people I trust and respect have started using Daily.AI, including Peter Diamandis, Dan Sullivan, Joe Polish, and Chris Voss. It's clearly a successful modality. 

     

    A Thousand Mile Journey Starts With a Single Step.

    Hopefully, you are excited about the new newsletter and the value you will get from it.

    I'm confident it will only improve – because it learns from what you value. 

    To start, the newsletter will focus on these three topic areas: 

    1. How to build a resilient business in a fast-changing world
    2. The Psychology of technology & technology addiction
    3. Business ethics and AI ethics in today's world. 

    But that is just the starting point.  It is set up to consider the same type of offshoots as I normally would.  So, it will remain diverse and educational. 

    Please sign up and let me know what you think about it.   

  • Here Are Some Links For Your Weekly Reading – July 9th, 2023

    Here are some of the posts that caught my eye recently. Hope you find something interesting.

    Lighter Links:

    Trading Links:

  • Is It The News Or Propaganda?

    There is nothing wrong with your television.  We will control all that you see and hear. We can deluge you with a thousand channels or expand one single image to crystal clarity and beyond. We can shape your vision to anything our imagination can conceive.  Enjoy ….

    200719 test-pattern

     
    The original, from The Outer Limits TV show was: 

    There is nothing wrong with your television set. Do not attempt to adjust the picture. We are controlling transmission. If we wish to make it louder, we will bring up the volume. If we wish to make it softer, we will tune it to a whisper. We will control the horizontal. We will control the vertical. We can roll the image; make it flutter. We can change the focus to a soft blur or sharpen it to crystal clarity. For the next hour, sit quietly and we will control all that you see and hear. We repeat: there is nothing wrong with your television set. You are about to participate in a great adventure. You are about to experience the awe and mystery which reaches from the inner mind to the outer limits.

    As a society, we're fairly vulnerable to groupthink, advertisements, and confirmation bias. 

    We believe what we want to believe, so it can be very hard to change a belief, even in the face of contrary evidence. 

    Since the past election cycle, we've seen a massive uptick in distrust toward news agencies, big companies, the government, and basically anyone with a particularly large reach. 

    To a certain degree, this is understandable and justified. Here is an example of the power of the media focused on a message.  Click to watch.

     

    via Courier News

    Propaganda has always been an issue, and almost everyone does it; governments, companies, etc. Luckily, it's easier to see today than in the past, but unluckily it's also more pervasive and insidious than before. 

    It's to the point where if you watch the news you're misinformed, and if you don't watch the news you're uninformed. 

    The above segment portrays a rosy picture of Amazon's efforts to protect its workers while delivering essentials to the struggling homebound masses. This comes while Amazon has come under massive fire for removing some of its protections. 

    Honestly, I use Amazon and, in my opinion, this isn't a massive breach of trust. News stations have a lot of time to fill, they often have sponsored content.

    That being said, it's something to be cognizant of – not necessarily offended by.

    Personally, I believe I am reasonably aware and somewhat immune from propaganda. That probably isn't as true as I'd like to believe.

    It used to be true that winners wrote history (think empires, wars, etc.). Now, the one that delivers the most broadcast narratives shapes the emotional and seemingly logical responses to what we perceive to be happening around us.

    The result impacts elections, financial markets, buying choices, and countless other areas of our life. 

    As A.I., Bots, and social media grow, our ability to discern truth from 'truthiness' weakens. It's becoming even more of an issue with AI-based depictions of presidents in both image and video.

    It's a great reminder that what you're seeing and hearing is carefully manufactured, and hopefully, it encourages you to get outside your bubble. 

    I think one of the worst consequences of the past few years is the unwillingness of mass swaths of Americans to listen to voices they disagree with. The internet has already created echo chambers, but it's being exacerbated by vitriol. As a result, I think we're seeing the fringe of both parties move further away from the middle. 

    What do you think?