Most people don't spend money on freemium games. These games rely on a small subset of "whales" to survive – players that spend absurd amounts of money on their games. Gacha games let players pay to "roll the dice" to unlock rare characters and collectibles similar to a "Loot Box" mechanic.
Now, the US is trying to make this mechanic illegal for taking advantage of children with their "pay-to-win" mechanics.
Here are some of the posts that caught my eye recently. Hope you find something interesting.
I was just in Maine at Camp Kotok, a private gathering of economists, fund managers, and other financial industry professionals.
There was no cell phone service … so people had to talk with each other. Everyone went outside. And, people continued to fish, even when it rained. Craziness.
AI is removing the fear, greed, and discretionary mistakes from financial decision making. We’re at the beginning of a cycle of progress that is hard to imagine … and easy to underestimate.
Ultimately, I think AI will transform the planet much like electricity did. What about you?
Lots of cool discussions up there. Call me if you want to talk about it.
I'm a big fan of picking a Big Hairy Audacious Goal (sometimes called a "BHAG") and taking actions that move you in that direction.
I'm also a big fan of Strategic Coach'sBigger Future exercise. It is a 20-year planning exercise where you plan out your commitments and goals to yourself, your family, your career, and your legacy.
While doing this, I realized that my ideal next 20 years involves taking Capitalogix to the next level (and beyond).
As a result, I recently held a two-hour town hall session with everybody in Capitalogix. You'll find a 5-minute compilation of highlights at the end of this article.
Before I share with you, I want to take time to bring you up to speed on Capitalogix's history. Some may know the story, but many of you are new. It's important context for the video and for Capitalogix's future.
A Brief History of Capitalogix
Times and conditions change so rapidly that we must keep our aim constantly focused on the future. – Walt Disney
In the 90's, I left a corporate securities law practice to start a company that was an early pioneer in automation, intelligent agents, and rule-based processing.(it is almost embarrassing to compare that to AI today). Nonetheless, we ended up on the Inc. 500 list, won lots of awards and had a great time. Little did I know how important that would be to what we are doing now.
Life intervened … and 1999 was a rough year for me. My dad died of cancer, I got divorced, and I sold my company. That year inspired my TED Talk on the Time Value of A Life Worth Living, and has inspired the past 20 years of my life.
I threw myself into trading. At first, I was a fundamental trader. But I quickly threw myself into Elliott Wave theory, technical analysis, quantitative analysis, and everything else I could get my hands on. I spent hours on end marking up charts and creating early algorithmic trading systems – predecessors to how we trade today.
I also hired my first two employees – Gabriel and Sean. My dining room became their office. I started to view trading as a business, rather than a hobby. The thought forms that would become our framework for understanding markets were starting to gel.
By 2015, we had 20+ employees working out of my house, and I realized we'd outgrown my home. Here is a picture from the dining room before the move.
After a brief time with employees in three different offices (including one of our partner's offices) we found our current office.
Moving in to our new office represented a positive shift in culture and focus – and another step toward our goals.
Where We Are Today
The power for creating a better future is contained in the present moment: You create a good future by creating a good present. – Eckhart Tolle
We are committed to revolutionizing decision science (making better decisions faster). We're creating the future we've envisioned.
Yet, for all we've accomplished, we're driven every day to be better than we were yesterday. That drive comes from that big hairy audacious goal and that 20-year vision.
It comes from knowing who we want to be tomorrow.
Committing To The Future
It means that we're going to have to have new people and new ways of doing things because the recipe for getting here isn't the recipe for getting there. As much as I respect and love you for "here." I respect and love you enough to hold you accountable for "there." – Howard Getson
It hasn't always been easy – but building Capitalogix has been an intensely rewarding passion.
Over the next 20 years, there are a ton of people I want to impact and a lot of goals I want to accomplish. Capitalogix is the way I intend to do that.
I look forward to you all being a part of it as well.
I'm surprised how often I see people who are bearish on Artificial Intelligence. Many are stuck in science fiction's depictions – sentience, personification, etc.. Modern AI is very different from science fiction predictions, but is still exciting. (Here's an infographic debunking 8 common AI myths)
Modern AI does many things and has many applications, but ultimately it's relatively faceless. It works in the background, impacts everything it touches, and silently collects vast lakes of data. AI may not be Star Trek's "Data," but it is transforming our economy at warp speed.
TechJury has put together an infographic on the history of AI until today. It highlights a number of key inflection points, AI's impact on today's economy, and which countries and companies are leading the pack.
Theresa May has just announced her resignation as UK Prime Minister. She's faced massive criticism for an inability to come to a resolution on Brexit, and missing two deadlines. A new PM will be appointed in July.
Here are some of the posts that caught my eye recently. Hope you find something interesting.
While many people consider Buffett to be an investor, I also consider him to be an entrepreneur.
At the age of six, he started selling gum door to door. Obviously, selling gum wasn't the key to his path to riches. So, how did he make his first million? Here's a video that explains it.
