Healthy Lifestyle

  • The OODA Loop: Making Fast Decisions

    I recently came across an interesting technique that fighter pilots use to make fast and accurate decisions in high-stakes situations. 

    The Air Force calls it an OODA Loop.

    It is an iterative feedback model designed by Colonel John Boyd that serves as a foundation for rational thinking in chaotic situations like dogfights.

    It stands for Observe, Orient, Decide, Act. 

    OODA.Boyd

    via Wikipedia

    Why do people use decision models?  Obviously, to make better decisions.  But really, they use models to create a process that avoids many of the mistakes or constraints that prevent good decisions.

    You make countless decisions every day – and at a certain point, you reach decision fatigue. It can be harder to make decisions when you are tired, after you've made too many, or when the intensity of the environment distracts or drains you. 

    It's one of the reasons I rely on artificial intelligence. Here are some others. 

    • Best practice becomes standard practice. 
    • It accounts for signal and noise.
    • It attempts to quantify or otherwise make objective assessments, comparisons, and choices. 
    • And, it often gives you a better perspective by letting you apply and compare different models or decision techniques to achieve the desired outcome.

    Nonetheless, many algorithms are dynamic and adaptive automation of processes or strategies that humans have used successfully before.

    So, let's take a closer look at the OODA Loop, which stemmed from analyzing many interactions between and among fighter pilots during battle and training. 

    Observe

    The first step is to observe the situation to build the most accurate and comprehensive picture possible. The goal is to take in the whole of the circumstances and environment. It's not enough to observe and collect information, you must process the data and create useful meaning. 

    It's the same with data collection for an AI system. Ingesting or collecting data isn't enough. You have to be able to apply the data for it to become useful. 

    Orient

    This step is less intuitive but very important. When you orient yourself, you're recognizing strength, weakness, opportunity, and threat to identify how changing the dimensionality or perspective alters the outcome. 

    It's reconnecting with reality in the context of your cognitive biases, your recent decisions, and more. Have you received new information since starting?

    I think of this as carrying a map and pulling out a compass while exploring new lands. Sometimes you need to remember where you started, and sometimes you need to make sure you're going where you think you are. 

    Decide

    The last two steps provide the foundation for taking action. When there are multiple decisions in front of you, observing and orienting help you choose wisely. 

    In business and with AI, you can go through these loops multiple times. 

    Act 

    The best-made plans mean nothing if you don't act on them. Once you've taken action, you can reobserve, reorient, and keep moving forward. 

    Conclusion

    Like most good mental models, The OODA loop works in many situations and industries.

    Speed is often a crucial competitive advantage. For example, knowing (and taking decisive action) while others are still guessing (and taking tentative action) is something I call time arbitrage. 

    Said another way, you make progress faster by walking in the right direction than by running in the wrong direction. 

    These processes (and technology) also help us grow more comfortable with uncertainty and uncomfortableness. Markets are only getting more volatile. Uncertainty is increasing. But, when you have the ability to adapt and respond, you can survive and thrive in any climate. 

  • Happy Mother’s Day

     To those of you with young children, here's a peek into your future.A37b6a9dd32e9ed1bc3a2d0797fa492b

    After years of hard work and your best efforts (OK, mostly your best efforts) … I predict that your adorable bundles of joy will someday wish they could send you this card.

    So, take a moment to think about your Mom … and remember that she was very young when she did those things to you …

    … and what you make them mean is up to you.

    Here's a funny clip from SNL in honor of Mother's Day.

     

    via SNL

    Hope you celebrated all the important mothers in your life. And, to the mothers, I hope the people around you recognize how much you sacrificed for them. 

    Happy Mother's Day. 

  • Here Are Some Links For Your Weekly Reading – May 1st, 2022

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

    Lighter Links:

    Trading Links:

  • How I Got Started In Artificial Intelligence

    Recently, I've had several people ask about how I got into AI. 

    There are a couple of different answers, but I shot a video to go through the main points. 

     

    Click here for a transcript

    You could argue that I got my start in AI with my most recent company – Capitalogix – which started almost 20 years ago. You could also say that my previous company – IntellAgent Control – was an early AI company, and that's where I got my start.  By today's standards, the technology we used back then was too simple to call AI … but at the time, we were on the cutting edge.

    You could go further back and say it started when I became the first lawyer in my firm to use a computer, and I fell in love with technology. 

    As I look back, I've spent my whole life on this path.  My fascination with making better decisions, taking smarter actions, and a commitment to getting better results probably started when I was two years old (because of the incident discussed in the video).

    Ultimately, the starting point is irrelevant. Looking back, it seems inevitable. The decisions I made, the people I met, and my experiences … they all led me here.

    However, at any point in the journey, if you asked, "Is this where you thought you'd end up?" I doubt that I'd have said yes. 

    I've always been fascinated by what makes people successful and how to become more efficient and effective. In a sense, that's what AI does. It's a capability amplifier. 

    When I switched from being a corporate securities lawyer to an entrepreneur, I intended to go down that path. 

    Artificial Intelligence happened to be the best vehicle I found to do that. It made sense then, and it makes sense now.

    I wouldn't have it any other way. 

    Onwards!

  • Spring and Rebirth

    For Jews, Friday was the first night of Passover, a family-centric holiday that recounts the biblical story of the Exodus of the ancient Israelites from Egypt into the Promised Land. For me, it's a reminder to appreciate what we have – and how we stand on the shoulders of those who came before us. 

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    For Christians, today is Easter – the holiday honoring Jesus's resurrection. 

    The overlap can be seen in DaVinci's Last Supper, a Passover Seder, and Jesus's last meal before his Crucifixion.  

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    For Jews, a notable part of the ritual dinner is recounting each of the ten plagues inflicted upon Biblical Egypt and saying, "Never again."

    Last year, I joked that maybe COVID-19 should be added to the list. 

    And, just like the Jews making it through slavery, the plagues, and 40 years wandering through the wilderness and desert before entering the Promised Land … We are finally approaching the promise of life post-COVID.

    Of course, other global events remind us that while the world and our capabilities continue to improve and expand … human nature stays maddeningly the same.

    With the coming of spring, the return to normalcy, and the reminders from the stories of Exodus and Easter - it's a great time to do a mental and physical "spring cleaning". Mine your experiences for the things you want to keep doing (or continue not doing) as things go back to "normal".  

    Hope you celebrated with family, food, and a reverence for all the blessings around you. 

  • Global Happiness Levels in 2022

    Happiness is a complex concept comprised of conditions that highlight positive emotions over negative ones – bolstered by the support of comfort, freedom, wealth, and other things people aspire to experience. 

    Regardless of how hard it is to describe (let alone quantify) … humans strive for happiness.

    Likewise, it is hard to imagine a well-balanced and objective "Happiness Report" because so much of the data required to compile it seems subjective and requires self-reporting. 

    Nonetheless, the World Happiness Report takes an annual look at quantifiable factors (like health, wealth, GDP, and life expectancy) and more intangible factors (like social support, generosity, emotions, and perceptions of local government and businesses).  Click the image below to view the Report.

    OC_GlobalHappiness_Main-1via visualcapitalist

    In their 2021 report, there was a significant focus on the effect of COVID-19 on happiness levels and mental health. Much of that continued into the 2022 report. 

    As you might expect, the pandemic caused a significant increase in negative emotions reported. Specifically, there were substantial increases in reports of worry and sadness across the ninety-five countries surveyed.  The decline in mental health was higher in groups prone to disenfranchisement or other particular challenges – e.g., women, young people, and poorer people. 

    It is remarkable how resilient and stable the scores have been globally considering the amount of uncertainty, stress, and disruption households experienced this past year.

    Ultimately, humans persevered in the face of economic insecurity, anxiety, and challenges to mental and physical health. 

    This year, the average score improved slightly compared to 2021 – though worry and stress have continued to rise. 

    There has been a decrease in overall happiness compared to pre-pandemic scores.  Yet, the relative balance demonstrated in the face of such adversity may point towards the existence of a hedonic treadmill – or a set-point of happiness.

    Regardless of the circumstances, people can focus on what they choose, define what it means to them, and choose their actions.

    I'm still surprised by what people can get used to … and how some people find pockets of joy in even the hardest of times.  Conversely, other people use the same ability to feel profound unhappiness, even when they have seemingly everything. 

    It's an oddly beautiful reminder that happiness comes from within.

    Another bright spot, worth mentioning, has been the massive global upsurge in benevolence. People are supporting others, communities have stepped up, more money is being donated to charity, and more people are volunteering. 

    Onwards!

  • How Many Humans Have Lived?

    Despite news of declining birth rates, the world’s population continues to grow because of advances in science, technology, and medicine.

    We're nearing a global population of eight billion people. 

    There have never been as many people alive as there are now.  But have you ever wondered how many humans have lived on this planet, in total, over the long arc of history?

     

    How-many-humans-have-ever-lived-1via visualcapitalist

    The number takes a lot of estimation, but you end up with approximately 109 billion people over the course of human existence. 

    That means almost 7% of all humans who have ever existed are alive today.  It also means that for every person alive, nearly 14 people are dead.  That number seems small to me as I think about how many generations came before us.

    While this might be somewhat interesting, the more important question is what you will do with the time left in your hourglass?  To learn more about what I think about that, here's an article I wrote on the time value of time and here's an article I wrote on the power of purpose and how healthy mindsets extend your life. 

  • The Power of Purpose

    Here is a chart you might find interesting.  It shows the longevity of the founding fathers of the United States.

    Take a closer look.  The chart highlights something important.
    Founding Fathers Longevity

    via Dan Sullivan, Strategic Coach

    During the time in question, males had an expected lifespan of between 35 and 40 years.  In stark contrast, the founding fathers lived more than twice that long (except for Alexander Hamilton, who made the bad decision to embrace dueling).

    I don’t believe this chart shows the disparity of “Haves” and “Have Nots”.  Instead, it shows the importance of purpose.  The Founding Fathers understood how important their efforts and ideas were (not only to their lives … but also to the lives of the people who relied on them – and to future generations).  They truly saw a bigger future and their part in its creation.

    Common wisdom posits that a lot of longevity comes down to diet and exercise.

     

    220327 What Doesnt Kill You Makes You Fattervia SomeEcards

    Clearly, sleep and stress management matter too.  With that said, healthy mindsets potentially have the most significant impact on your health, well-being, and longevity.

    Mindset Matters.

    Dan Sullivan wrote an e-book called “My Plan for Living to 156”.  His message was to stop being nostalgic about the past and anxious about the future.

    Most people’s notion about how long they’ll live becomes an oppressive thought.  They feel confined by their expected lifespan, often based on family history and averages.  But what if you could extend your lifetime? What if you could increase the quality of the years you had left? How would adding extra years impact the way you live now?

    The goal of living to 156 may sound outrageous.  But in reading this book, you’ll find that imagination can have a huge impact on behavior and accomplishment. And, even if you don't make it to 156, the years you're left with will be better for it. 

    You don’t have to actually believe that you will live to 156 (or some other huge number).  Simply adopting a mindset that you have extra time permits you to set longer-term goals and focus on bigger possibilities.  As a result, those mindsets allow you to focus on continued learning and growth, rather than looking for an excuse or an easy off-ramp.

    Purpose is a master key!  It gives you direction, capabilities, and confidence.

    As I think about these issues, I know that I want to be valuable and interesting to those around me as long as I’m here.  That means I want to be healthy, fit, and vital as well!  The reason?  So I can focus on living … rather than not dying.

    I’ve heard it said many times, in many different ways, but one of the easiest ways to predict your life and lifestyle is to take the average of the five people you spend the most time with.  Consequently, it’s important to surround yourself with people committed to bigger futures!

    Likewise, it’s important to set goals and scorecards that keep you focused on what matters and continued progress.

    Even if you don’t live until 156, I think it’s important and healthy to live now as if you will!

    Onwards.

  • The Power of Resilience and Grit

    I believe in setting high standards and committing to achieving them.  A big part of success is knowing that you can do anything you commit to … and then all you have to do is honor your commitment and continue to make progress.  As long as you don't stop … the rest takes care of itself.

    Said another way, resilience is the ability to recover from or adjust to misfortune or change, whereas grit is the passion and perseverance for long-term goals.  Sure, you will encounter errors, injuries, setbacks, competition, bad luck, and other practical realities of life.  But, together, resilience and grit make almost anything possible.

    Bottom line, if you want success of any kind, you have to be comfortable being uncomfortable.

    When I was in high school, I was a state champion shot-putter.  The first time I got that title was during my junior year.  After winning, I watched my dad run down from the stands.  I figured he was coming down to celebrate.  Instead, he looked deeply into my eyes and asked whether I was disappointed?  I replied: "But Dad, I won!" He nodded and said he knew – but reminded me that I did not throw a personal best that day.  He recognized that winning was important too … Then he reminded me that the other throwers were not the real competition.  

    Going into my senior year, I had a multi-season undefeated streak.  However, I tore a tendon in my throwing hand at the end of the indoor track season where I won State again.  Fast forward to the first meet of the outdoor season … and I was on the sidelines with a cast on my hand.  A local reporter came up to me and asked how it felt to lose my unbeaten streak.  I was confused.  I wasn't losing … I just wasn't competing.

    But, the concept gnawed at me. 

    Ultimately, I cut the cast off my hand and tried unsuccessfully to wrap it tight enough that it didn't hurt.  When that didn't work, I slammed my hand against the floor until it was numb … I threw once and managed to win.  It got easier from there, and I ended the year undefeated.

    I think part of it is in my DNA.  My father and grandfather were both athletes.  My dad played football at Temple University (on the same team as Bill Cosby).  He thought he would continue playing with the Philadelphia Eagles, but his career was cut short by a car accident before tryouts.  And my grandfather was a professional wrestler named the Green Hornet, 

    Here is a picture of us together.

    83079882-e8c3-4f1b-899c-ad8551cf90fc 2Three Generations of Getsons

    My youngest son, Zach, was just selected to represent the USA in rugby in the Maccabi Games this July.  This selection comes after 3 ACL surgeries and countless other injuries.  And he's doing it in a sport with no pads at the ripe old age of 29. 

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    I continue to watch him get better at the game, despite adversity and what I like to call a "burst of slowness".

    He's currently raising money for his trip.  If you'd like to support his journey to represent the USA, you can learn more and do so here. 

    Despite our family's relative "accolades" in sports, we're not the fastest or most athletic people. 

    My dad used to joke that our people were meant to own the teams, not play for them. 

    So, despite the lack of raw athleticism, what drives us to success?  I believe the answer is mindset.

    The Secret To Success

    Your mindset is a set of beliefs that shape how you make sense of the world and yourself.  It influences how you think, feel, and behave in any given situation.

    My family jokes that my first complete sentence was "It's my way, and you're in it."  Meanwhile, I also believe that "the game isn't over until I win." Combine those beliefs … and it explains why my feet would still be moving toward my goals even if you shot me in the head.

    Likewise, my son has continued to reach new heights in rugby because he's stayed committed and hard-working long after most of his more athletic peers gave up.

    Life is not a sprint; it's a marathon. 

    How long can you put more effort in, and how many times can you fail without giving up?  The answer is as long as you choose! 

    The habits and lessons of resilience and grit serve well in sports, business, and life.

    Too many give up right before they win. 

    Frankly, too many people stop at the beginning.  But you will likely suck at something before you are okay at it.  Likewise, you have to be okay before you can be good.  Then you have to be good before you can be great!

    It takes time and energy to separate yourself from the pack. 

    My father taught me that most people's lives are defined by their minimum standards.  Why?  Because once those standards get met, it is easy to get distracted by other things and how to meet the minimum standards for them as well.

    Here is something else worth sharing; it was one of his favorite sayings.  "The difference between good and great is infinitesimal." People who are good take advantage of opportunities; people who are great create them.

    The secret to "better" is to set higher standards and commit to achieve them.

    It is really quite simple.

    1. Set big goals and high standards
    2. Plan how to get there
    3. Never stop moving
    4. Never give up

    If you follow those rules, it's hard not to succeed. 

  • No Crying In Trading

    As a fund manager, I am always looking for ways to eliminate emotions (like fear and greed).  During crazy times, like these, that is harder than seems.

    But as a father whose son just got married, the equation was different.  It's been six years since I originally shared this video; but as we near their wedding anniversary, I re-watched this video … and decided to share it again. 

    One of my son's instructions to the "Officiant" was to make me cry.  I made it through the Ceremony; then, I got a chance to say a few words at the Wedding Reception.  Here they are …

     

    The words "I love you" are powerful.  Most people consider it an expression of emotion.  It can also be a promise …