Religion

  • Some Timeless Wisdom From Socrates

    Small distinctions separate wise men from fools … Perhaps most important among them is what the wise man deems consequential. 

    This post discusses Socrates' Triple Filter Test, which involves checking information for truth, goodness, and usefulness.  It also explores how this concept applies to decision-making in business and life by focusing on important information and filtering out the rest.  The key to making better choices and staying focused is to avoid damaging or irrelevant information.

    Socrates' Triple Filter

    In ancient Greece, Socrates was reputed to hold knowledge in high esteem.  One day an acquaintance met the great philosopher and said, "Do you know what I just heard about your friend?"

    "Hold on a minute," Socrates replied. "Before telling me anything, I'd like you to pass a little test. It's called the Triple Filter Test."

    "Triple filter?"

    "That's right," Socrates continued.  "Before you talk to me about my friend, it might be a good idea to take a moment and filter what you're going to say. That's why I call it the triple filter test.

    The first filter is Truth.  Have you made absolutely sure that what you are about to tell me is true?"

    "No," the man said, "Actually I just heard about it and…"

    "All right," said Socrates. "So you don't really know if it's true or not. Now let's try the second filter, the filter of Goodness.  Is what you are about to tell me about my friend something good?"

    "No, on the contrary…"

    "So," Socrates continued, "You want to tell me something bad about him, but you're not certain it's true.  You may still pass the test though, because there's one filter left.  The third filter is Usefulness.  Is what you want to tell me about my friend going to be useful to me?"

    "No, not really."

    "Well," concluded Socrates, "If what you want to tell me is neither true, nor good, nor even useful … then why tell it to me at all?"

    With all the divisiveness in both media and in our everyday conversations with friends, family, and strangers … this is a good filter for what you say, what you post, and even how you evaluate markets, the economy, or a business opportunity. 

    How Does That Apply to Me or Trading?

    The concept of Socrates' Triple Filter applies to markets as well.

    When I was a technical trader, rather than looking at fundamental data and scouring the news daily, I focused on developing dynamic and adaptive systems and processes to look at the universe of trading algorithms to identify which were in phase and likely to perform well in the current market environment.

    That focus has become more concentrated as we've transitioned to using advanced mathematics and AI to understand markets. 

    Filter Out What Isn't Good For You.

    In contrast, there are too many ways that the media (meaning the techniques, graphics, music, etc.), the people reporting it, and even the news itself appeal to the fear and greed of human nature.

    Likewise, I don't watch the news on TV anymore.  It seems like story after story is about terrible things.  For example, during a recent visit with my mother, I listened to her watch the news.  There was a constant stream of "oh no," or "oh my," and "that's terrible".  You don't even have to watch the news to know what it says.

    These concepts also apply to what you feed your algorithms.  Garbage in, garbage out.  Just because you can plug in more data doesn't mean that data will add value.  Deciding what "not to do" and "what not to listen to" is equally as important as deciding what to do. 

    Artificial intelligence is exciting, but artificial stupidity is terrifying. 

    What's The Purpose of News for You?

    My purpose changes what I'm looking for and how much attention I pay to different types of information.  Am I reading or watching the news for entertainment, to learn something new, or to find something relevant and actionable?

     

    Socrates_quote_to_move_the_world_we_must_first_move_ourselves_5420

     

    One of my favorite activities is looking for new insights and interesting articles to share with you and my team.  If you aren't getting my weekly reading list on Fridays – you're missing out.  You can sign up here. 

    By the way, I recently found a site, Ground News, that makes it easy to compare news sources, read between the lines of media bias, and break free from the blinders the algorithms put on what we see.  I'd love to hear about tools or sites you think are worth sharing.

    Getting back to Socrates' three filters and business, I often ask myself: is it important, does it affect our edge, or can I use it as a catalyst for getting what we want?

    There's a lot of noise out there competing for your attention.  Stay focused. 

    Onwards!

  • 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.

  • The First Neuralink Patient’s #1 Priority

    Neuralink received approval for human trials of its PRIME Brain-Computer Interface in September 2023.

    In January, Elon took to Twitter and announced that the first human recipient had received an implant and was showing promising neuron spike detection. 

    Neuralink designed PRIME to record and transmit neural data to interpret brain activity into movement intention. The PRIME Brain-Computer Interface empowers disabled individuals by enabling them to communicate and engage with the world in innovative and impactful ways, such as regaining the ability to speak and interact with others. In the future, advancements in the PRIME Brain-Computer Interface could even assist individuals with spinal cord injuries learn to walk again.

    The first patient was 29-year-old Noland Arbaugh, a complete quadriplegic who had lost sensation and suffered paralysis from below the shoulders after sustaining a spinal injury during a diving accident eight years ago.

    When we first began receiving updates about him, we were excited to hear that he could use a computer cursor. That was a big step … and the start of many others. Now, we're being told that he recently used the technology to stay up all night playing a video game called Civilization 6.

    Similarly, in 2022, a completely paralyzed man used his brand-new brain implant to ask his caregivers for a beer. 

    It sounds like a joke, but these are the types of stories that make me optimistic. Both examples highlight a new capability … but also a deeper purpose, freeing the human to enjoy being human and enhance the quality of their life.

    This is a great reminder. Media coverage often focuses on the fear of an increasingly tech-driven world, and what it means for humanity … but the best uses of technology allow us to be more human. 

    What used to be science fiction is becoming reality, and possibilities are becoming inevitabilities. 

    Onwards!

  • The U.S. Is Back On The Moon!

    When I was young, the Space Race captured the hearts and souls of Americans.  But, for the past few decades, it was in the background.  Recently, that has changed.  The space race is getting hot again.  Resources are pouring into this area, and SpaceX is leading the pack. 

    In 2018, I shared excitement that the boosters he used were reusable.  Today, people are talking about how his ship, Starship, could render other rocket programs obsolete. 

    Fifty-one years after we last landed on the moon, the U.S. is back, and it wasn’t Elon, but the private company Intuitive Machines finally accomplishing the feat. 

    Odysseus, the unmanned lander, is now sending data back to Earth. 

    Despite the massive leapfrog in technology over the past 51 years, this is still a massive achievement for several reasons.  It was done by a private company, it was still very expensive, it precedes a 2026 manned flight from NASA, and it’s the first commercial flight – not just from the U.S. – to make it to the moon.  The trip’s goal is to research the area NASA plans to use for an upcoming mission.  They believe there are beads of frozen water in the area, which could help sustain a permanent settlement. 

    For many years, landing on the moon wasn’t getting any money.  Money was scarce.  We brought back over 800 pounds of moon rock on our last visit, and what little money there was went to more novel missions.  The moon landing symbolizes excitement about the long-term potential of the moon, not just space travel. 

    I love spaceflight for a lot of the same reasons I love AI. 

    It’s a global initiative heralding innovation and improvements that transform the world.  It’s the genesis of many exponential technologies. 

    Many astronauts, even from back in the Apollo days, talk about the incredible feeling they get after a few days in space.  As they gaze on the Earth from above, they lose their sense of borders and nationality.  The Saudi astronaut Sultan bin Salman Al-Saud, who flew on the Space Shuttle in 1985, commented on this, saying, “The first day or so we all pointed to our countries.  On the third or fourth day, we were pointing to our continents.  By the fifth day, we were aware of only one Earth.”

    It reminds me of Carl Sagan’s video on “The Pale Blue Dot.” 

    In 1977, five years after we left the moon, the Voyager 1 launched into space.  Just over a dozen years later, the Voyager 1 spacecraft had traveled farther than any spacecraft/probe/human-made anything had gone before.  It was approximately 6 billion kilometers away from Earth.  At that point, the Voyager 1 was “told” by Carl Sagan to turn around and take one last photo of the Earth … a pale blue dot. 

    The resulting photo is impressive precisely because it shows so little in so much.

    “Every saint and sinner in the history of our species lived there–on a mote of dust suspended in a sunbeam.” – Carl Sagan

    Earth is in the far right sunbeam – a little below halfway down the image.  This image (and the ability to send it back to Earth) was the culmination of years of effort, the advancement of technology, and the dreams of humankind.

    The resulting speech from Carl Sagan is still profound, moving, and worth a listen. 

     

    via Carl Sagan

    Here’s the transcript: 

    _____

    Look again at that dot.  That’s here.  That’s home.  That’s us.  On it everyone you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives.  The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every “superstar,” every “supreme leader,” every saint and sinner in the history of our species lived there–on a mote of dust suspended in a sunbeam.

    The Earth is a very small stage in a vast cosmic arena.  Think of the rivers of blood spilled by all those generals and emperors so that, in glory and triumph, they could become the momentary masters of a fraction of a dot.  Think of the endless cruelties visited by the inhabitants of one corner of this pixel on the scarcely distinguishable inhabitants of some other corner, how frequent their misunderstandings, how eager they are to kill one another, how fervent their hatreds.

    Our posturings, our imagined self-importance, the delusion that we have some privileged position in the Universe, are challenged by this point of pale light.  Our planet is a lonely speck in the great enveloping cosmic dark.  In our obscurity, in all this vastness, there is no hint that help will come from elsewhere to save us from ourselves.

    The Earth is the only world known so far to harbor life.  At least in the near future, there is nowhere else to which our species could migrate.  Visit, yes.  Settle, not yet.  Like it or not, for the moment the Earth is where we make our stand.

    It has been said that astronomy is a humbling and character-building experience.  There is perhaps no better demonstration of the folly of human conceits than this distant image of our tiny world.  To me, it underscores our responsibility to deal more kindly with one another, and to preserve and cherish the pale blue dot, the only home we’ve ever known.

    ____ 

    Today, we have people living in space, posting videos from the ISS, and high-resolution images of space and galaxies near and far. 

    We take for granted the immense phase shift in technology.  You have more computing power in your pocket than we first used to go to the moon.

    As humans, we’re wired to think locally and linearly.  We evolved to live in small groups, fear outsiders, and stay in a general region until we die.  We’re not wired to think about the billions and billions of individuals on our planet, or the rate of technological growth – or the minuteness of that all in regard to the expanse of space.  

    However, today’s reality necessitates thinking about the world, our impact, and what’s now possible.

    We created better and faster ways to travel, we’ve created instantaneous communication networks across vast distances, and we’ve created megacities.  Our tribes have gotten much bigger – and with that, our ability to enact massive change has grown as well. 

    Space was the first bastion of today’s innovation, but today, we can look toward AI, medicine, epigenetics, and more. 

    It’s hard to comprehend the scale of the universe and the scale of our potential … but that’s what makes it worth exploring!

    Onwards!

  • An Early Look At The Upcoming Election

    You know it's election season when Jon Stewart steps back in to host The Daily Show. 

    Unsurprisingly, the antagonism and hatred from both sides of the fence are still in full force – now with extra boosts from fake news and AI's influence. 

    Surprisingly (to me), the frontrunners are still Biden and Trump, despite them being 81 and 77, respectively … or despite Trump's several cases against him and Biden's horrible approval ratings … or … (it seems like we could keep finding reasons to be surprised).

    Truthfully, I am surprised neither party is running someone "better" in this election. 

    It feels like almost everyone I talk with is voting for the "lesser of two evils," even though they know it may not serve the greater good.

    Here is a chart showing third-year approval ratings of first-term Presidents since WWII.

    ApprovalRatings_Site

     

    I thought the last Presidential election was pretty interesting, but this one's shaping up to be even more so. If it were fiction, no one would believe it.

    The most popular issue on people's minds is the economy, but we also have controversial issues around trust in the government, immigration, abortion, foreign policy, and even the fate of Democracy in America itself. 

    For all the economic woes and complaints, the unemployment rate remains low, GDP growth is strong, and the S&P 500 recently hit record highs. Yet, Americans are still feeling it in their pockets as the price of goods has gone up. 

    It is a good reminder that the "facts" are often less important than how it feels. 

    It is still early, but what do you think will happen?

  • 2023 In Review

    Last week, we asked how markets did in 2023.  This week, I want to highlight some of the significant events that occurred in 2023.   

    Here is a Visual Capitalist infographic to help.

    OC_2023-in-Review_04
    2023 was defined by two major themes, the first being geopolitical strife, and the second being the proliferation of artificial intelligence. 

    What geopolitical strife, you ask?  Seemingly everywhere you looked (from China and Taiwan to Russia and Ukraine, the Middle East, or even the happenings in  Britain and the U.S.) … This was an interesting year. 

    Of course, there were other types of significant events, too, like the collapse of several Silicon Valley/Crypto banks. 

    Many of the trends we've seen in 2023 will have aftershocks in 2024.  Still, the only thing constant is change … and it will be interesting to see what changes.  I think we've seen increased caution as a result of the last few years, but I think people are now getting used to the new normal. 

    Do you expect 2024 to be better?

    Time will tell.

    Don't forget the Trump trials and that it is an election year … or that crypto is making a comeback – and AI will only accelerate.

    We live in interesting times!

  • The Time You Have Left …

    I recently asked How Long Do You Have Left?

    As I wrote that article, I was reminded of my TEDx talk on my father's passing. 

    Time Flies – My Dad Would Have Been 77 | Capitalogix

    In finance, the "time value of money" refers to the principle that the purchasing power of money can vary over time (meaning, money today might have a different purchasing power than money later). This is partly because money's future value might be calculated by accounting for other variables (like interest earned, inflation accrued, etc.).

    A similar calculation applies to life … or living.

    Live Like You Only Have a Year Left.

    During the last part of my Dad's life, I think he would have done almost anything for a little more time.

    Things that used to be unimportant, or even mildly irritating, took on increased importance. For example, a dinner together became almost a sacred event; a kiss goodnight was truly heart-felt; and saying good-bye meant something … because it could be the last time.

    Nevertheless, as a result of that focus, he took more life out of that time.

    Shouldn't we do the same thing?  Think about it … We are never going to be younger than we are, right now.  We are never going to have more time to fix a big mistake.  Isn't it likely that the time value of your life, is worth maximizing?

    If you realize that your time is worth more than it ever will be, what can you do differently now to get the most out of it?

    For another impactful view of life, here's a great video on how you spend the time in your life – visualized using jelly beans. I think it's pretty powerful and worth watching. 

     

    Ze Frank (via YouTube)

     

    So, if (after accounting for sleep, eating, work, commute, TV, chores, and more) an average person only gets 2,740 days to do what they want … those days are precious. That's less than 8 years of "free time" for you to make the most of. 

    Based on the demographics of who's likely reading this, you may have half that time (or a fourth).

    What are you going to focus on? Making the most money? Helping the most people? Spending the most time with your family? Relaxing? I hope you don't choose worrying. 

    There's never a better time than now to live a life worth living … and only you can decide what that means!

    I'd love to hear what you choose. 

    Best wishes for a Happy Holiday Season … and I hope you spend your time wisely and well in 2024!

  • The World’s Top 25 Defense Companies

    What's happening in the Middle East with the Israel-Hamas war is incredibly complicated and polarizing.  On top of the long history, partisan interpretations, chronic conflict, and acute suffering, you're seeing propaganda being used at a scale beyond what we've seen before. 

    Technology is a big driver of misinformation – and what is happening now provides an early warning of what's to come in future wars and political contests. 

    While the topic of Israel and Hamas is beyond the purview of this blog/newsletter – the impact of war on markets is not.

    My heart is with all impacted, and I'm never rooting for war or the death of innocent civilians. 

    With that said, war seems to be a fact of life.

    The most powerful countries in the world spend billions of dollars on defense a year. 

    In light of this, VisualCapitalist put together a chart identifying the top 25 defense companies in the world.  Many of these have seen massive spikes in price in the past few months.  I was surprised by how many of the companies I didn't recognize.

     Top-25-Defense-Companies_MAINvia VisualCapitalist

    The U.S. unsurprisingly tops the list, with Lockheed and RTX (formerly Raytheon) taking the top two spots. 

    While we don't usually think of some of these companies as defense contractors, Airbus produces multiple drones and transports, Rolls Royce is a supplier of aircraft and naval engines, and Honeywell is actually involved not just in aerospace – but actual space. 

    Understanding where and how companies generate revenue (as well as comprehending the relevant competitive landscapes and cooperative ecosystems) are crucial activities regardless of investment strategy.

    I believe it's easier to predict human nature than it is to predict technology.  There is a reason that new technology often flows into porn, gambling, and military earlier than other areas … the reason is that it's so easy to monetize there. We know opportunity often rises from pain and conflict – so it's still valuable to understand these concepts and figures. 

    Hope that helps. 

  • Artificial Intelligence Meets “Woo-Woo”

    As someone who has been in tech and Artificial Intelligence for over 30 years, my personality and thought processes are centered around facts and reason. 

    With that said, I've always had a soft spot for "arts" over sciences. I appreciate meditation and mindfulness practices.  Unquestionably, I've found that technology helps me do that quicker, better, and with more certainty about the results.

    I am fascinated by both Neuro-Linguistic Programming and Natural Language Processing. 

    That's what made this conversation with Joshua Pellicer so great. 

    Joshua has lots of experience using AI tools and techniques and getting the most from generative AI.

    When I asked him what use cases he was most excited and optimistic about, he answered "Manifestation". 

    That is not what I expected … but it made sense after discussing it. Check it out. 

     

    Manifestation doesn't cause the universe to hand your dreams to you on a golden platter. It does help you maintain a positive mindset and focus on what you want (instead of avoiding what you don't want). 

    ChatGPT (and other similar tools, like Microsoft's Co-Pilot, Google's Bard, Anthropic's Claude, Perplexity, and Quora's Poe can help create a guide and an image to help you better ideate and actualize your dreams. 

    AI is only as good as what you use it for … I think this is an example of a clever and powerful use of generative AI. 

    What do you think?

  • How Long Do You Have Left?

    We only have a limited time on this earth – and a lot of it is taken by frivolous activities. 

    How much time do you think the average millennial spends on their phones … or a baby-boomer sits in front of the TV?

    The answer is a lot.

    how we use time

    via dailyinfographic

    Nine years in front of entertainment devices – another 10.5 years spent working.  You get the idea.

    If you have goals you want to accomplish, aspirational travel, and lifestyle plans – this really puts the idea of finding and living your passion in perspective. 

    Do you have the time to waste it?

    VisualCapitalist put together a chart projecting longevity based on 2020 mortality rates.

     

    OC_Life-Expectancy-by-Age_1600px_Oct31

    via visualcapitalist
     

    I turned 60 this July, so I only have 20 years left, according to this calculator.   I expect more!

    There are some interesting statistical facts in this; for example, an average American baby boy can expect to live until 74 … but if that boy turns 21, his life expectancy jumps to over 75. 

    While these numbers seem pretty high, there are two things to consider. First, COVID heavily reduced these numbers because mortality rates went up. That likely won't continue (though it will likely continue to affect your insurance premiums and pension benefits). 

    Also, remember that these numbers are based on 2020 averages, which likely differ from you (specifically considering your race, income, location, etc.). These numbers also don't take into account expected medical and technology advances, etc. 

    Finally, I think Purpose is one of the most important catalysts of longevity. People often die when they retire … not because they're done working, but because they're done striving. 

    If you're not growing, you're dying!