Ideas

  • 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. 

  • Batteries Not Included

    Mercedes-Benz might have a sense of humor.

    They lent Saturday Night Live a C-Class for a parody TV commercial that makes fun of battery-powered cars.

    The 2-minute video, starring Julia Louis-Dreyfus, shows a car that runs on AA batteries (which is why the car is called the Mercedes AA Class). 

    Here is the video.

    Screen Shot 2022-04-03 at 5.29.44 PM

    via SNL

    One of the highlighted features, the "Auto-Dump," helps you discharge worn-out batteries … all 9,648 of them.

    The video ends with the disclaimer: "Batteries not included."

    I hope you had a fun April Fool's Day.

  • Top 20 Internet Giants

    For most of my life, I've been a tech early adopter. 

    Here are some snippets from that journey. I fell in love with the Mac 128 in the 1980s. My frustration with the limitations of floppies caused me to fly across the country to get one of the earliest 20 MB hard drives (which I didn't know how I would ever fill up). Much to the consternation of those who thought only secretaries should be seen typing, I was one of the first lawyers to use a computer to do work. I waited in lines to grab Palm Pilots and cool phones before smartphones became a thing. And, somehow, I don't enjoy setting up my computer anymore (OK, I do – but not like I did before). 

    A lot has changed, while much stays the same.

    In the late 90s, I was obsessed with the early web scene. I spoke at computer events like Comdex and MacWorld, and I was able to see and identify many of the companies that would become major players. Many of those "major players" expanded into the dot-com bubble, then disappeared.

    I've watched that cycle play itself out several times as the landscape and players changed and evolved.

    There is a chart that captures a lot of those changes by listing the 20 Internet Giants that ruled the web since 1998. 

    Take a look. 

    The-20-Internet-Giants-That-Rule-the-Webvia visualcapitalist

    Humans are very good at recognizing major turning points. However, with that said, they often are much worse than they would believe in regards to understanding the implications of the changes they so easily predicted.

    Who would have guessed that AOL would become almost wholly irrelevant? Or that Yahoo would make so many horrible decisions and still last to 2022?

    In the early days of the internet, most of the leaders were aggregators and search engines. Now we have a much broader set of influencers. The top 20 players in the space are also playing much larger games than their 1998 predecessors. Most of the leaders are platforms that help other products succeed as well. 

    I'm curious to see what names are added to the list in 5 years. 

    Who do you believe we will see there in 2027?

  • Changing the Course of History

    A little over a week ago, a deepfake of Ukrainian President Volodymyr Zelenskyy was used to try and convince Ukraine's soldiers to lay down their arms and surrender against Russia.  On top of being shared on social media, hackers got it onto news sites and a TV ticker as well. 

    While it's not explicitly known that Russia did this – there's a long history of Russian cyberwarfare, including many instances of media manipulation. 

    Luckily, while the lip-sync was okay in this video, several cues helped us know it was fake. 

    Unfortunately, this is only the tip of the iceberg.  Many deepfakes aren't as easy to discern.  Consequently, as we fight wars (both physical and cultural), manipulated videos will increasingly alter both perceptions and reality. 

    Even when proven to be fake, the damage can persist.  Some people might believe it anyway … while others may begin distrusting all videos from leaders as potential misinformation. 

    That being said, not all deepfakes are malicious, and the potential for the technology is attractive.  Production companies are already using it to splice in actors who might have aged or died into scenes in movies.  Deepfake technology can also be used to allow a celebrity to sell their likeness without having to waste their time doing all the filming necessary to produce the intended finished product. 

    Deepfake technology also allows us to create glimpses into potential pasts or futures.  For example, On July 20th, 1969, Neil Armstrong and Buzz Aldrin landed safely on the moon.  They then returned to Earth safely as well.   What if they didn't?  MIT recently created a deepfake of a speech Nixon's speechwriter William Safire wrote during the Apollo 11 mission in case of disaster.  The whole video is worth watching, but the "fake history" speech starts around the 4:20 mark. 

    "Fate has ordained that the men who went to the moon to explore in peace will stay on the moon to rest in peace." – Nixon's Apollo 11 Disaster Speech

     

    MIT via In Event Of Moon Disaster

    Conclusion

    “Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped.“ – Orwell, 1984

    In an ideal world, history would be objective; facts about what happened, unencumbered by the bias of society, or the victor, the narrator, etc.  On some level, however, history is written by the winners.  Think about it … perceived "truth" is shaped by the bias and perspectives of the chronicler.

    Consequently, history (as we know it) is subjective.  The narrative shifts to support the needs of the society that's reporting it. 

    The Cold War with the Soviet Union was a great example.  During the war, immediately thereafter, and even today, the interpretation of what transpired has repeatedly changed (both here and there).  The truth is that we are uncertain about what we are certain about.

    But while that was one example, to a certain degree, we can see this type of phenomenon everywhere.  Yes, we're even seeing it again with Russia.

    But it runs deeper than cyber-warfare.  News stations color the story told based on whether they're red or blue, and the internet is quick to jump on a bandwagon even if the information is hearsay.  The goal is attention rather than truth.

    Media disinformation is more dangerous than ever.  Alternative history can only be called that when it's discernible from the truth … and unfortunately, we're prone to look for information that already fits our biases. 

    As deepfakes get better, we'll likely get better at detecting them.  But it's a cat-and-mouse game with no end in sight.  Signaling Theory posits that signalers evolve to become better at manipulating receivers, while receivers become more resistant to manipulation. 

    I'm excited about the possibilities of technology, even though new capabilities present us with both promise and peril. 

    Meanwhile, "Change" and "Human Nature" remain constant.

    And so we go.

  • 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.

  • Cat Poop Coffee … Yum!

    My wife is currently in Indonesia – and inflation is rising.  What a perfect time to revisit the world’s most expensive coffee. 

    Indonesia is famous for coffee.  For example, “Sumatra” is their biggest island – with “Java” coming in close behind (and both are synonymous with coffee).

    They also make one of the most expensive coffees in the world … Luwak Coffee.

    It is a very particular coffee, created using a very peculiar process.

    In traditional coffee production, the cherries are harvested, and the beans are extracted, before being shipped to a roaster, ground into a pulp, and brewed by a barista at your local Starbucks.

    In contrast, with Luwak coffee, something different happens.

    The coffee cherries are harvested by wild animals.

    Specifically, they’re harvested by the Asian Palm Civet, a small, cat-like animal that absolutely loves the taste of coffee cherries.

    But, if the civets eat the cherries, how can they still be used to make coffee?

    Here comes the gross part—the civets eat the coffee cherries, but their digestive tract can’t effectively process the beans, only the flesh surrounding them.

    When the partially digested, partially fermented beans are eventually excreted, coffee producers harvest them.  The beans are then cleaned, roasted, and used to make astonishingly expensive (“with retail prices reaching up to $1300 per kilogram”) coffee.

    Now, is the coffee that mind-blowing?

    No, not really.  In fact, many critics will openly call it bad coffee, or as Tim Carman, food writer for the Washington Post put it, “It tasted just like…Folgers.  Stale.  Lifeless.  Petrified dinosaur droppings steeped in bathtub water.  I couldn’t finish it.”

    To be fair, the Luwak coffee industry is not really about coffee … it is about an experience.  When I toured a plantation near Ubud, Bali, a smiling tour guide greeted and led me on an in-depth exploration of the forested property, where I was allowed to immerse myself in the various spices, roots, beans, and civets used to produce this one-of-a-kind coffee.  

    Here is a video I shot of the process.

     

    If you think about it, I paid a premium to drink exotic cat poop coffee.  Kind of strange!

    I wouldn’t drink coffee made from people’s poop (or even domestic cat poop).

    It’s the story that allows this not-so-awesome coffee to fetch awesome prices.  People are paying for the experience, not the commodity itself.

    The same is true when you buy Starbucks.  The coffee at 7-Eleven is cheaper – and Consumer Reports tell us that McDonald’s coffee is better.

    Nonetheless, I’d still rather drink at Starbucks.

    We live in an Experience Economy.

  • 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. 

    D0892719-3F64-4B82-9780-566906539517

    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. 

  • A Look at Codebases

    When I was a child, NASA got to the Moon with computers much less sophisticated than those we now keep in our pockets.

    At that time, when somebody used the term "computers," they were probably referring to people doing math.  The idea that businesses or individuals would use computing devices, as we do now, was far-fetched science fiction.

    Recently, I shared an article on the growing "compute" calculations used in machine learning.  We showed that the amount of compute used in machine learning has doubled every six months since 2010, with today's largest models using datasets up to 1,900,000,000,000 points.

    This week, I want to take a look at lines of code.  Think of that as a loose proxy showing how sophisticated software is becoming.

     

    Screen Shot 2022-03-11 at 4.31.30 PMvia informationisbeautiful

    As you go through the chart, you'll see that in the early 2000's we had software with up to approximately twenty-five million lines of code.  Meanwhile, today, the average car uses one hundred million, and Google uses two billion lines of code across their internet services. 

    For context, if you count DNA as code, the human genome has 3.3 billion lines of code.  So, while technology has increased massively – we're still not close to emulating the complexity of humanity. 

    Another thing to consider is that when computers had tighter memory constraints, coders had to be deliberate about how they used each line of code or variable.  They found hacks and workarounds to make a lot out of a little.

    However, with an abundance of memory and processing power, software can get bloated as lazy (or lesser) programmers get by with inefficient code.  Consequently, not all the increase in size results from increasing complexity – some of it is the result of lackadaisical programming or more forgiving development platforms.

    In better-managed products, they consider whether the code is working as intended as well as reasonable resource usage. 

    In our internal development, we look to build modular code that allows us to re-use equations, techniques, and resources.  We look at our platform as a collection of evolving components. 

    As the cost and practicality of bigger systems become more manageable, we can use our intellectual property assets differently than before. 

    For example, a "trading system" doesn't have to trade profitably to be valuable anymore.  It can be used as a "sensor" that generates useful information for other parts of the system. It helps us move closer to what I like to call, digital omniscience. 

    As a result of increased capabilities and capacities, we can use older and less capable components to inform better decision-making.

    In the past, computing constraints limited us to use only our most recent system at the highest layer of our framework.

    We now have more ways to win.

    But, bigger isn't always better – and applying constraints can encourage creativity.

    Nonetheless, as technology continues to skyrocket, so will the applications and our expectations about what they can do for us.

    We live in exciting times … Onwards!

  • 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 …

  • Artificial Intelligence Is Great, Artificial Stupidity Is Scary

    When I first got out of Law School in the 1980s, "professionals" didn't type … that was your assistant's job (or the "typing pool," which was a real thing too).

    At that point, most people couldn't have imagined what computers and software are capable of now.  And if you tried to tell people how pervasive computers and 'typing' would be … they would have thought that you were delusional.

    My career has spanned a series of cycles where I was able to imagine what advanced tech would enable (and how businesses would have to change to best leverage those new capabilities).

    Malcolm Gladwell suggests that it takes 10,000 hours of focus and effort for someone to become an expert at something.  While that is not necessarily true or accurate, it's still a helpful heuristic.

    Today, we can do research that took humans 10,000 hours in the time it took you to read this sentence.  Moreover, technology doesn't forget what it's learned – As a result, technological memory is much better than yours or mine.  Consequently, the type and quality of decisions, inferences, and actions are better as well.  Ultimately, we will leverage the increased speed, capacity, and capabilities of autonomous platforms.  While that is easy to anticipate, the consequences of these discontinuous innovations are hard to predict.  Things often take longer to happen than you would think.  But, when they do, the consequences are often more significant and more far-reaching than anticipated.

    Still, technology isn't a cure-all.  Many people miss out on the benefits of A.I. and technology for the same reasons they didn't master the hobbies they picked up as an adolescent. 

    I shot a video discussing how to use technology to create a sustainable creative advantage.  Check it out. 

     

     

    Many people recognize a "cool" new technology (like A.I.), but they underestimate the level of commitment and effort that mastery takes. 

    When using A.I. and high-performance computing, you need to ask the same questions you ask yourself about your ultimate purpose. 

    • What's my goal?
    • What do I (or my systems) need to learn to accomplish my goal?
    • What are the best ways to achieve that goal (or something better)?

    Too many companies are focused on A.I. as if that is the goal.  A.I. is simply a tool.  As I mentioned in the video, you must define the problem the right way in order to find an optimal solution. 

    Artificial Intelligence is a game-changer – so you have to approach it as such. 

    Know your mission and your strategy, recognize what you're committing to, set it as a compass heading and make deliberate movement in that direction. 

    I end the video by saying, "Wisdom comes from making finer distinctions.  So, it is an iterative and recursive process… but it is also evolutionary.  And frankly, that is extraordinarily exciting!"

    I hope you agree.

    Onwards!