The six largest religions in the world are Christianity, Islam, Judaism, Hinduism, Buddhism and Sikhism.
We often think about the differences between religions. However, the many similarities are obvious if you look (and may be indications of a more integral "truth".
Below is a wordcloud for each of those religions based on their major religious text.
If you find the name "Keith" it's because it was the translator's name, and the word "car" in the Hinduism wordcloud is an old-fashioned word for "chariot".
It's also worth acknowledging that this wordcloud is from the English translations so some words that may mean slightly different things in other languages can be all translated to one word in English. For example, it's very common in Biblical Hebrew to see different words translated into the same English word. A good example is Khata, Avon, and Pesha--three different ways of committing a wrong, that may all be translated the same.
Getting old is tough ... and it gets tougher the older you get. As a result, finding your 'reasons for being' and joy in life become increasingly important as well.
2020 was a year of massive upheaval for many. Stress, change, pandemics, quarantine, new jobs, new goals ... or at the other end of the spectrum, lack of change, lack of a job, or lack of purpose.
Regardless of the reason, many people struggle to get up in the morning. This is a shame because life is so much better than the alternative (and life becomes even better when you learn to enjoy living and let go of what isn't serving you).
There's a Japanese concept called Ikigai that may help.
Ikigai centers around finding purpose as you grow older. Paradoxically, it makes sense to start the process as early as possible.
Here is an infographic that lays out some "Reasons for Being."
Finding your "reason to be" and living with purpose are keys to making the most of your time.
The beauty of 2021 being a fresh start is that you can also change your approach and your vision.
The graphic highlights something interesting (yet almost counter-intuitive) ... When two areas intersect, it creates something positive (e.g., a passion or a mission). However, where three areas intersect, it creates a pain point (for example it could be what you're good at, you love doing it, the world needs it ... but it doesn't make you any money – so now you're struggling).
Worth examining and thinking about for a bit.
On a related note, here is a TEDx talk about the 9 common diet and lifestyle habits that help people live past 100.
Have you noticed that it's easier for most people to identify and solve someone else's problem than it is to do the same for themselves?
Humans are emotional creatures. As a result, our decision-making often suffers from fear, greed, and discretionary mistakes.
As an entrepreneur, I strive to be objective about the decisions I make. Towards that goal, using key performance indicators, getting different perspectives from trusted advisors, and relying on tried-and-true decision frameworks all help.
Combining all three creates a form of "mindfulness" that comes from dispassionately observing from a perspective of all perspectives.
That almost indifferent and objective approach is also where exponential technologies like AI excel. They amplify intelligence by helping make better decisions, take smarter actions, and continually improve performance.
I shot a video about mindfulness and the future of A.I.
Artificial intelligence is cool. The truth, however, is that AI is still relatively limited. Individual techniques (or algorithms) are good at "something". The challenge is that they only focus on what they need to come up with their answer, without considering a different perspective. While it is good at what it is good at, it isn't necessarily good at empathetically understanding that a different technique, which comes up with a different answer, might be "right" as well.
The future of AI likely will be based on swarm intelligence, where many specialist components communicate, coordinate, and collaborate to view a situation more objectively, better evaluate the possibilities, and determine the best outcome in a dynamic and adaptable way that adds a layer of objectivity and nuance to decision making.
One of the lessons I teach to our younger employees is that an answer is not THE answer. It's intellectually lazy to think you're done simply because you come up with a solution. There are often many different ways to solve a problem, and the goal is to figure out the one that comes up with the best results.
Even if you find THE answer, it is likely only THE answer temporarily. So, it is really just a step in the right direction that buys you time to learn, improve and re-evaluate.
Last night 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.
One of the memorable phrases from Exodus is when Moses says "Let my people go!" For generations, people assumed he was talking to the Pharoh about his people's freedom. For modern Jews, after a week of eating clogging matzoh, matzoh balls, and even fried matzoh ... for many Jews "Let my people go" takes on a different meaning.
A friend asked me what part of the matzoh do the balls come from? I don't know ... but I hope the matzoh ball fairy brought you some good ones.
Apparently (according to my youngest son), Sea Shanties are en vogue with today's youth. So, here's a pirate Passover song.
For Jews, a notable part of the ritual dinner is naming each of the 10 plagues that rained over Egypt and saying "never again".
Perhaps, this year, COVID-19 gets added to the list?
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 approaching the post-COVID promised land after a year of being stuck inside.
With the coming of spring, the re-opening of the world, 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".
Sometimes I write posts about business ideas I've found to be particularly helpful. Today, I am writing about a concept that I would call "foundational," called the Gap and the Gain (which was created by Dan Sullivan of Strategic Coach). The base concept is simple – nonetheless, understanding and applying it can have transformative effects. The central concept is that you can be successful and happy or successful and unhappy ... and the difference between the two is likely how you choose to measure your results.
Are you focused on the gap (all the things you still don't have) or the gain (all the things you already have)?
As an entrepreneur whose business is based on innovation, one of my unique abilities is being able to think about what's possible ... and then find the golden thread from where we are to where we want to be. It's why I believe one of the "secrets to success" is to become comfortable being uncomfortable. Why? Because almost anything you want is beyond your current capabilities (otherwise, you'd already have them). Being able to transform the goal into a directional compass leading you in the right direction is easy for me, and gives me energy.
But, that unique ability comes with a pretty obvious drawback ... I'm never where I want to be (because I'm constantly looking at the horizon, and as I move towards it, the horizon continues moving). This is the curse of many entrepreneurs. They live and die without a fulfilling sense of accomplishment because they're always focused on the next mountain. The progress that they've made getting to here, and the confidence they built getting to here, raise the bar of what's possible. Instead of focusing on the progress and wins that got them where they are, they monomaniacally focus on the gap between the current reality and their new shiny goal.
The distance between where you currently are and where you want to go should be motivating. In fact, I'd argue that the ability to stretch your vision further is a skill you should reward rather than punish. It is simply a matter of perspective. Measure from where you started, but don't lose sight of the bigger future. One pushes you from behind, and the other pulls you forward.
That's the gap and the gain, and it's a great lesson that is useful in businesses and life in general. Ultimately, you're in control. You get to decide what you focus on, what it means, and what you choose to do.
Personally, probably the most important way this lesson has impacted me was in making more of the time left with my dad while he was dying.
That video is about a year that brought my Dad's death, the forced sale of my company by venture capitalists, and a divorce (in that order). In many respects, it was a horrible year ... a year where it would have been easy to focus on the gap rather than the gain.
Luckily, sometimes, life's darkest days bring the greatest gifts … if you are willing to look for them.
One of my biggest takeaways from that struggle was about the time value of life.
In finance, the "time value of money" refers to the principle that money's purchasing power varies over time (meaning, money today has more purchasing power than money later). In part, this is because the value of money at a future point in time might be calculated by accounting for other variables (like interest earned, or inflation accrued, etc.).
It occurred to me that a similar calculation applied to life ... or living.
During the last part of my dad's life, it was easy to focus on what we were lacking ... time ... we would have done almost anything for a little more time.
In his last year, 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 heartfelt, and saying goodbye meant something ... because it could be the last time.
Because of that focus, he took more "life" out of that time. Necessity is often the mother of invention. While I wouldn't have chosen the situation, it changed his mindset (frankly, it changed our mindset), and as a result, we increased the amount of life we squeezed out of that little bit of time.
Obviously, the choice to make more of life shouldn't wait for the death of a loved one or a similar crisis.
We can choose to focus on what we want and what we gained to make the most life out of whatever time we're given.
I spent a lot of that year moving away from pain when I could have been moving toward opportunity. I'm grateful I learned that lesson before he passed.
To close, I want to leave you with a lesson from my dad that really stuck with me.
The difference between good and great is infinitesimal. People who are good take advantage of opportunities ... but people who are great create them. ~ Jacob Getson
It's a conscious choice we can all make.
Hope that helps.
If you want to learn more about the specifics of the "Gap and the Gain," Ben Hardy wrote a great article on the subject.
I remember when my son finally got smarter than our dog. For the record, it took longer than I thought it would.
With respect to human intelligence, language is likely the first domino. It allows "chunking" and makes learning new things more efficient, effective, and certain.
Language is powerful in-and-of-itself. Using language consciously is a multiplier. Today, I want to focus on one such use of language – the power of naming things.
The Power Of Naming Things
“I read in a book once that a rose by any other name would smell as sweet, but I've never been able to believe it. I don't believe a rose WOULD be as nice if it was called a thistle or a skunk cabbage.” - L.M. Montgomery, Anne of Green Gables
Before I go into detail, I shot a video on the subject, with a few examples from our business.
Having a shared language allows you to communicate, coordinate and collaborate more efficiently. But it's hard to have a shared language when you're discussing something intangible.
That's where naming comes in. When you name something, you make the "invisible" visible (for you, your team, and anyone else who might care).
I've often said the first step is to bring order to chaos. Then, wisdom comes from finer distinctions. Naming is a great way to create a natural taxonomy that helps people understand where they are – and where they are going.
I like thinking of it in comparison to value ladders in marketing.
Each stage of the value ladder is meant to bring you to the next level. By the time someone gets to the top of the value ladder, they're your ideal customer. In other words, you create a natural pathway for a stranger (meaning someone who doesn't know you well) to follow, to gain value, trust, and momentum onwards ... ultimately, ascending to become someone who believes in, and supports, what you offer and who you are.
Ultimately, successful collaboration relies on common language. That is part of the reason naming is so important. The act of naming something makes it real, defines its boundaries and potentialities, and is often the first step towards understanding, adoption, and support.
Creating "Amplified Intelligence"
There are always answers. We just have to be smart enough. - John Green
Here is an example from our business. When we first started building trading systems, all we had was an idea. Then we figured out an equation (and more of them). Next, we figured out some methods or techniques ... which became recipes for success. As we progressed, we figured out a growing collection of useful and reliable ways to test, validate, automate and execute the things we wanted to do (or to filter ... or prevent).
For someone who didn't understand the organizing principles, it probably seemed like a mess. Compounding the problem is that fear, uncertainty, and doubt are inhibitors to potential customers and stakeholders (like the employees working in a business).
Coming up with the right organizing principle (and name) makes it easier to understand, accept, and adopt. For example, many traders and trading firms want to amplify intelligence – meaning they were looking to make better decisions, take smarter actions, and ultimately to perform better (which might mean making and keeping more money). To help firms amplify intelligence, we created the Capitalogix Insight Engine (which is a platform of equations, algorithms, methods, testing tools, automations, and execution capabilities). Within that platform, we have functional components (or modules) that focus on ideas like portfolio construction, sensible diversification, alpha generation, risk management, and allocation strategies. Some of those words may not mean much to you, if you're not a trader, but if you are it creates an order that makes sense and a path from the beginning to the end of the process.
It makes sense. It explains where we are – while informing what might come later.
The point is that naming things creates order, structure, and a contextual map of understanding.
It a compass heading that we can use to navigate and guide in uncertain territory.
From a functional perspective, the most interesting data point to me is that Zoom has cracked the top 20 ... but only barely. I would be interested to see this broken up into time-per-visit to see how that tips the scales.
From a humorous perspective, only three sites weren't US-based ... and they're all porn sites.
As an aside, one of my more popular posts has been on how much time people spend on Pornhub. I don't know what this says about society, but it certainly says something.
I have always believed that you can predict a lot about your future, based on the quality of the people you spend the present with.
That is why I think participation in quality peer groups is critical.
Over the years, I joined several business-leader peer groups like Strategic Coach, Abundance 360, or Vistage. These groups are a great way to meet people and learn things ... and they also provide you with access to the benefits of feedback from a group of trusted advisors, perspectives you might otherwise get from a counselor, and a flow of ideas and opportunities that wouldn't have crossed your mind or your desk. They allow participants to see, hear, and discuss things they don't normally think about, talk about, or even notice.
Peer groups are also great at bringing blind spots to your attention and connecting you to trends transforming industries and the world.
In these meetings, you often find a "nugget" in the discussion. Sometimes it stems from what is happening in the world. Sometimes it alerts you to potentially useful relationships, opportunities, or gadgets. And sometimes, the nugget comes from discussing a common problem or constraint (like the pandemic) with your peers.
This week, several of these groups prompted me to think about time (e.g., not wanting to sell time for money, wanting to live past 100, the "strangeness" of time during the past year, etc.).
Time is funny. Sometimes it seems to fly by ... other times, it seems to stand still. Dan Sullivan uses the example of 10 minutes with a dying loved one compared to holding your hand on a stove for 10 minutes. One seems excruciatingly short, and the other seems excruciatingly long.
The average life expectancy for men in the U.S. is 76.
How many amazing vacations do you have left? How many jaw-dropping moments? How many fantastic meals? How many Super Bowls?
What about time with your parents or older relatives? It's easy to forget to call or miss an important event because "life happens" – but if you realize you may have already used 95% of your in-person time with that person ... doesn't it become more special?
For contrast:
Would you rather spend that time dwelling on a mistake?
What about being angry at something out of your control?
What about doing work that drains you mentally and emotionally?
In my TEDx talk, I mentioned "living like you only have a year left" and how much more "life" we got out of the last part of my dad's life.
That is just an example, but clearly, it is worth taking the concept further.
To start, think of some of the activities you do, places you go, experiences you have that are special and make you feel like your best self.
Hitting Flow-state and creating something new and exciting;
Taking an amazing vacation and experiencing something completely new;
Having a moment with someone you love that makes you stop and say - "Wow!"
Making a difference in someone's day or giving back to your community;
Experiencing peace and relaxation;
Feeling pure joy.
It's easy to get lost and take for granted these moments when they happen, but when you think about how much time you have left ... they take a whole new meaning.
How can you maximize the time you have left? Fill it with the best experiences, activities, and people you can.
To start, think about different time frames:
What activities could you commit to doing at least once a year?
What activities could you commit to doing at least once a month?
What activities could you commit to doing at least once a week?
What activities could you commit to doing at least once a day?
Make those lists ... it is a simple way to get a better return on the time value of your life.
Seriously, try it.
Let me know how it worked for you – and what you chose!
Consequently, your choice of information source heavily contributes to your perceptions, ideas, and worldview.
Coincidently, news sources are a lightning rod for vitriol and polemic.
I am still a little surprised by the abject hatred I hear expressed towards a particular news source by those who hold an opposing bias. This often leads to claims of fake news, delusion, and partisan press. Likewise, it is common to hear derision toward anyone who consumes that news source.
Perhaps the reality is that that most sources are flawed – and the goal should simply be to find information that sucks less?
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. News sources aren't just reporting the news, they're creating opinions and arguments that become the news. And many don't care enough to think for themselves - or to extract the facts from the opinion.
Here's a chart that shows where news sources rank on various scales. You can click the image to go to an interactive version with more details.
I once spent fifteen minutes in an argument about how you know whether the information in this chart is true. If you're curious about their methods, click here.
Distrust toward news agencies, big companies, the government, and basically anyone with a particularly large reach is the "new normal."
Perhaps even more dangerous is the amount of fake news and haphazard research shared on social media. Willful misrepresentations of complex issues are now a too common communication tactic now on both sides ... and the fair and unbiased consideration of issues suffers.
Social media spreads like wildfire, and by the time it has been debunked (or proven to be an oversimplification) the damage is done. People are convinced ... and some will never go beyond that.
The reality isn't as bleak. People agree on a lot more than they say they do. It is often easier to focus on "us" versus "them" rather than what we agree upon jointly. This is true on a global scale. We agree on a lot. Most Democrats aren't socialists, and most Republicans aren't fascists ... and the fact that our conversation has drifted there is intellectually lazy.
This idea that either side is trying to destroy the country is clearly untrue (OK, mostly untrue). There are loonies on the fringes of any group, but the average Democrat is not that unlike the average Republican. You don't have to agree with their opinions, but you should be able to trust that they want our country to succeed.
I don't know that we have a solution. But there is one common "fake news" fallacy I want to explain at least a little.
It's called the Motte and Bailey fallacy. It's named after a style of medieval castle prioritizing military defense.
On the left is a Motte, an artificial mound often topped with a stone structure, and on the right is a Bailey, the enclosed courtyard. The Motte serves to protect not only itself but also the Bailey.
As a form of argument, an arguer conflates two positions that share similarities. One of the positions is easy to defend (the motte) and the other is controversial (the bailey). The arguer advances the controversial position, but when challenged insists they're only advancing the moderate position. Upon retreating the arguer can claim that the bailey hasn't been refuted, or that the critic is unreasonable by equating an attack on the bailey with an attack on the motte.
It's a common method used by newscasters, politicians, and social media posters alike. And it's easy to get caught in it if you don't do your research.
We believe what we want to believe ... so it can be very hard to change a belief, even in the face of contrary evidence.
But, hopefully, in learning about these fallacies, and being aware, we do better.
I will caution that blind distrust is dangerous – because it feels like critical thought without forcing you to critically think.
Distrust is good ... but too much of a good thing is a bad thing.
Not everything is a conspiracy theory or a false flag.
Do research, give more credence to experts in a field - but don't blindly trust them either. How well do you think you're really thinking for yourself?
It's a complicated world, and it's only getting more complicated. But, hopefully, it encourages you to get outside your bubble and learn more about those you disagree with.
Mindfulness & Exponential Technologies
Have you noticed that it's easier for most people to identify and solve someone else's problem than it is to do the same for themselves?
Humans are emotional creatures. As a result, our decision-making often suffers from fear, greed, and discretionary mistakes.
As an entrepreneur, I strive to be objective about the decisions I make. Towards that goal, using key performance indicators, getting different perspectives from trusted advisors, and relying on tried-and-true decision frameworks all help.
Combining all three creates a form of "mindfulness" that comes from dispassionately observing from a perspective of all perspectives.
That almost indifferent and objective approach is also where exponential technologies like AI excel. They amplify intelligence by helping make better decisions, take smarter actions, and continually improve performance.
I shot a video about mindfulness and the future of A.I.
Artificial intelligence is cool. The truth, however, is that AI is still relatively limited. Individual techniques (or algorithms) are good at "something". The challenge is that they only focus on what they need to come up with their answer, without considering a different perspective. While it is good at what it is good at, it isn't necessarily good at empathetically understanding that a different technique, which comes up with a different answer, might be "right" as well.
The future of AI likely will be based on swarm intelligence, where many specialist components communicate, coordinate, and collaborate to view a situation more objectively, better evaluate the possibilities, and determine the best outcome in a dynamic and adaptable way that adds a layer of objectivity and nuance to decision making.
One of the lessons I teach to our younger employees is that an answer is not THE answer. It's intellectually lazy to think you're done simply because you come up with a solution. There are often many different ways to solve a problem, and the goal is to figure out the one that comes up with the best results.
Even if you find THE answer, it is likely only THE answer temporarily. So, it is really just a step in the right direction that buys you time to learn, improve and re-evaluate.
Hope that helps.
Posted at 08:58 PM in Business, Current Affairs, Gadgets, Ideas, Market Commentary, Personal Development, Science, Trading, Trading Tools, Web/Tech | Permalink | Comments (0)
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