Personal Development

  • Rewriting The Past, Present, and Future

    "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

    In an ideal world, history would be objective; facts about what happened, unencumbered by the bias of society, or the victor, the narrator, etc.

    I think it's apparent that history as we know it is subjective.  The narrative shifts to support the needs of the society that's reporting it.  History books are written by the victors. 

    The Cold War is a great example where, during the war, immediately after the war, and today, the interpretation of the causes and events has all changed.  

    But while that's one example, to a certain degree, we can see it everywhere.  We can even see it in the way events are reported today.  News stations color the story based on whether they're red or blue, and the internet is quick to jump on a bandwagon even if the information is hearsay. 

    Now, what happens when you can literally rewrite history?

    “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

    That's one of the potential risks of generative AI and deepfake technology.  As it gets better, creating "supporting evidence" becomes easier for whatever narrative a government or other entity is trying to make real.

    On July 20th, 1969, Neil Armstrong and Buzz Aldrin landed safely on the moon.  They then returned to Earth safely as well. 

    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 speech starts around 4:20. 

     

    MIT via In Event Of Moon Disaster

    Media disinformation is more dangerous than ever.  Alternative narratives and histories can only be called that when they are discernible from the truth.  In addition, people often aren't looking for the "truth" – instead, they are prone to look for information that already fits their biases. 

    As deepfakes get better, we'll also get better at detecting them.  But it's a cat-and-mouse game with no end in sight.  In Signaling Theory, it's the idea that signalers evolve to become better at manipulating receivers, while receivers evolve to become more resistant to manipulation.  We're seeing the same thing in trading with algorithms. 

    In 1983, Stanislav Petrov saved the world. Petrov was the duty officer at the command center for a Russian nuclear early-warning system when the system reported that a missile had been launched from the U.S., followed by up to five more.  Petrov judged the reports to be a false alarm and didn't authorize retaliation (and a potential nuclear WWIII where countless would have died). 

    But messaging is now getting more convincing.  It's harder to tell real from fake.  What happens when a world leader has a convincing enough deepfake with a convincing enough threat to another country?  Will people have the wherewithal to double-check?

    Lots to think about. 

    I'm excited about the possibilities of technology, and I believe they're predominantly good.  But, as always, in search of the good, we must acknowledge and be prepared for the bad. 

  • Economic Allies and Economic Enemies

    Last week, I brought up the concept of Economic Freedom. It reminded me of an idea I last shared in 2008, during the housing crisis. 

    I noticed how correlated and coordinated worldwide actions were during the housing crisis. During the pandemic, while there was a lot of dissent, there was also a remarkable amount of coordination. 

    Why Do We Shake Hands? | Mind Fuel Daily | Life & Journey

    The concept of economic allies presupposes that we also have economic enemies. It’s easy to construct a theory that countries like Russia and China use financial markets to exert leverage in a nascent form of economic warfare.

    It's easy to come up with a theory that suggests we are our own worst enemies. Our innate fear and greed instincts (and how we react to them) tend to lead us down a path of horrifying consequences. This has been evident in recent years, not just in society, but also in the world of business. I am confident that this pattern will persist in the context of Artificial Intelligence, with both its potential benefits and risks.

    The butterfly effect theorizes that a butterfly flapping its wings in Beijing on one day can create or impact a rainstorm over Chicago a few days later. Similarly, in a world with extensive global communication and where automated trading programs (and even toasters) can interact with each other from anywhere across the globe, it is not surprising that market movements are becoming larger, faster, and more volatile.

    Perhaps governments cooperate and collaborate because they collectively recognize the need for a new form of protection to mitigate the increasing speed, size, and leverage behind market movements.

    And we can also extend this idea to other entities beyond governments. It doesn’t have to be limited to traditional markets either; it can include cryptocurrencies or other emerging technologies as well.

    It’s worth understanding the currents, but we must also consider the undercurrents and countercurrents. 

    Conspiracy theories are rarely healthy or helpful, but maintaining a healthy skepticism is a great survival mechanism.

    Hope that helps.

  • Understanding Economic Freedom

    We often think about the U.S. as the "land of the free." That is good marketing … but is it true?  In large part, it depends on the contexts and frameworks you choose to evaluate what constitutes freedom. 

    For example, Strategic Coach breaks "entrepreneurial freedom" into four categories: time, money, relationships, and purpose.

    Meanwhile, if you look at the First Amendment of the U.S. Constitution, you've got freedom of speech, press, assembly, and the right to petition the government … and we've since instituted a litany of other freedoms and liberties. 

    In this post, we will examine the concept of economic freedom.  Economic freedom represents more than just freedom to make money, it pertains to the decisions and liberties one has in that pursuit. 

    The Heritage Foundation releases a yearly Economic Freedom Index. 

     

    Economic-freedom-2023-MAIN-1

     

    According to VisualCapitalist, the ranking uses four broad categories, each with three key indicators to measure economic freedom.

    1. Rule of law: property rights, judicial effectiveness, government integrity
    2. Size of government: tax burdens, fiscal health, government spending
    3. Regulatory efficiency: labor freedom, monetary freedom, business freedom
    4. Open markets: financial freedom, trade freedom, investment freedom

    The 12 indicators are weighted equally and scored from 0-100.  The overall score is the average score among those indicators. 

    Based on these metrics, the U.S. doesn't even enter the top 10. 

    Screen Shot 2023-07-01 at 2.14.51 PM

    Surprisingly, the U.S. ranks 25th overall – and only 3rd in the Americas. 

    Now, freedom means a lot of different things, and economic freedom is only one of many modalities … but it's an important factor. 

    If you were in control, what change would you make to increase the United States' economic freedom?  If you're not from the U.S., where does your country rank, and why?

  • Musk vs. Zuckerberg: Fight Of The Century

    In today’s “Truth is Stranger than Fiction” episode, Elon Musk and Mark Zuckerberg seem to be discussing a "cage match." But, for those of us who have been around awhile, we remember the first real billionaire fight when Herb Kelleher, co-founder of Southwest Airlines, settled a business dispute with a rival by arm wrestling in front of an audience at an arena, in an event dubbed “Malice in Dallas.” 

    This supposed cage fight started because Elon responded to someone on Twitter saying, “I’m up for a cage match if he is lol” to which Zuckerberg posted an Instagram story saying, “Send Me Location.”

    Mark-zuckerberg-responds-to-elon-musk

    Supposedly, there’s a real chance they do it, and talks they may do it in Vegas.  

    Now, their beef isn’t new. Back in 2016, Musk’s SpaceX was contracted to shuttle a satellite into orbit for Facebook. During a routine test, an explosion on the ground caused the satellite to be destroyed, and Zuck to say, “I’m deeply disappointed to hear that SpaceX’s launch failure destroyed our satellite that would have provided connectivity to so many entrepreneurs and everyone else across the continent.”

    Ever since, they’ve been going at it. They take different stances on AI. They’ve gotten off each other’s platforms, etc. 

    So … who do you think will win?

    Red and Yellow Modern Boxing Match Facebook Post

  • Happy Father’s Day 2023

    This year, Father's Day was smaller than usual.  My wife, Jennifer, is in Indonesia, and my older son is on the west coast. 

    Meanwhile, my younger son, Zach, took me to one of our favorite Asian restaurants with his new Fiancée, Sloane. 

    IMG_3674

    I've been calling her my daughter-in-law since he brought her home (because some things are inevitable and easy to recognize). 

    Reflecting on the past year, I'm grateful for my granddaughter (from my married son, Ben, and his wife).  And, I'm also grateful that Zach and Sloane got engaged and started to plan the rest of their lives together (and hopefully more grandchildren for me). 

    IMG_3163

    As a father, having great kids is a double blessing.  On one hand, it's nice to be proud of who your kids are and the things they do.  On the other hand, it's also nice to feel proud of the small part you played in helping them become who they are.  

    Of course, I also look back … and spent some time thinking about my father and his terrific influence on so many lives.  

    My Dad believed in setting high standards.  He explained that most people's lives are defined by their minimum standards.  Why?  Because once those standards are met, it is easy to get distracted by other things (and figuring out how to meet the minimum standards for them as well).

    He was also my best friend. 

    I see so much of him in myself, and in my children, and many of the aphorisms I teach come from him.  I'm grateful that I can still see his impact on the world. 

    Hope you had a nice Father's Day weekend too. 

  • 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?

  • The World’s Top 25 Websites in 2023

    What are the most popular websites in the world by web traffic? 
     

    Worlds-top-25-websites-openai-MAIN

    via visualcapitalist

    It's unsurprising that Google and social media top the list, but it is interesting to see OpenAI becoming the 17th most visited site last month – with 1.8 billion visits – despite being very new to the scene in comparison to its competitors. 

    Easy to forget, but also unsurprising is the prevalence of adult websites on this list. One of my most popular articles ever was titled "How Long Does It Take To Get To 50 Million Users?" in it, the takeaway was that Pornhub did it 19 days – faster than anyone else … up until ChatGPT. Part of the popularity of that article is because Pornhub has very in-depth statistics about its yearly use.

    Pornhub via Capitalogix Blog

    So we know that people care about making their jobs easier at least a little bit more than pornography. I'll take it. 

    Eventually, all technology collides with human nature.