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.
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.
We're now midway through the Cowboys Season, and despite injuries plaguing the team, we just had a fantastic 43 - 20 victory over the Rams.
At every game, I run into this guy, and every game he wears a different creative, and well-thought-out costume. He sits on the 50-yard line. He wears Ferragamo shoes and a nice watch. For his day job, he is the Head of Psychiatry at a well-known hospital in the area. Yet, something about this game captures his imagination.
Jerry Jones does a lot right in how he builds his "Disney Ride." But this post will focus more on what the coaches and players do.
I'm regularly surprised by the levels of innovation and strategic thinking I see in football.
Football is something I used to love to play. And it is still something that informs my thoughts and actions.
Some lessons relate to being part of a team, while others relate to the coaching or management side of things.
Some of these lessons stem back to youth football ... but I still learn things watching games – and even more, from watching Dallas Cowboys practices at The Star.
Think about it ... even in middle school, the coaches have a game plan. There are team practices and individual drills. They have a depth chart, which lists the first, second, and third choices to fill certain roles. In short, they focus on the fundamentals in a way that most businesses don't.
The picture, below, is of my brother's high school team way back in 1989.
To re-state, most businesses are less prepared for their problems than an 8th-grade football team. Now, that might sound offensive to some of you – but if you think about it ... it's pretty accurate.
Losing to an 8th Grade Team
I shot this video right before the COVID-19 shutdown. I encourage you to watch it. I think it's 3 minutes well spent.
Football teams think about how to improve each player, how to beat this week's opponent, and then how to string together wins to achieve a higher goal.
The team thinks of itself as a team. They expect to practice. And they get coached.
In addition, there is a playbook for both offense and defense. And they watch game films to review what went right ... and what they can learn from for use later.
Contrast that with many businesses. Entrepreneurs often get myopic ... they get focused on today, focused on survival, and they lose sight of the bigger picture and how all the pieces fit together.
The amount of thought and preparation that goes into football - which is ultimately a game - is a valuable lesson for business.
What about when you get to the highest level? If an 8th-grade football team is equivalent to a normal business, what about businesses that are killing it? That would be similar to an NFL team.
Let's look at the Cowboys.
Practice Makes Perfect
How you do one thing is how you do everything. So, they try to do everything right.
Each time I've watched a practice session, I've come away impressed by the amount of preparation, effort, and skill displayed.
During practice, there's a scheduled agenda. The practice is broken into chunks, and each chunk has a designed purpose and a desired intensity. There's a rhythm, even to the breaks.
Every minute is scripted. There's a long-term plan to handle the season ... but, there was also a focus on the short-term details and their current opponent.
They alternate between individual and group drills. Moreover, the drills run fast ... but for shorter time periods than you'd guess. It is bang-bang-bang – never longer than a millennial's attention span. And they move from drill to drill – working not just on plays, but also on skillsets (where are you looking, which foot do you plant, how do you best use your hands, etc.).
They use advanced technology (including advanced player monitoring, biometric tracking, and medical recovery devices ... but also things like robotic tackling dummies and virtual reality headsets).
They don't just film games, they film the practices ... and each individual drill. Coaches and players get a cut of the film on their tablets as soon as they leave. It is a process of constant feedback and constant improvement. Everything has the potential to be a lesson.
Beyond The Snap
The focus is not just internal, on the team. They focus on the competition as well. Before a game, the coaches prepare a game plan and have the team watch tape of their opponent in order to understand the tendencies and mentally prepare for what's going to happen.
During the game, changes in personnel groups and schemes keep competitors on their toes and allow the team to identify coverages and predict plays. If the offense realizes a play has been predicted, they call an audible based on what they see in front of them. Coaches from different hierarchies work in tandem to respond faster to new problems.
After the game, the film is reviewed in detail. Each person gets a grade on each play, and the coaches make notes for each person about what they did well and what they could do better.
Think about it ... everyone knows what game they are playing ... and for the most part, everybody understands the rules and how to keep score (and even where they are in the standings). Even the coaches get feedback based on performance, and they look to others for guidance.
Imagine how easy that would be to do in business. Imagine how much better things could be if you did those things.
Challenge accepted.
And, in celebration of a Cowboys win ... here's me doing a cartwheel. I'm sure my body will feel great tomorrow ...
I love football. As such, it is fun for me to watch the games. But I also like the business of the game as well.
Over time, I've become a fan of the league ... and how deliberate they are about building teams and developing players.
Last week, I got to give a series of talks to a high-level entrepreneur group called Breakthrough Mastermind. Some of the other speakers included NFL Hall of Famer Mike Singletary and a starter on the league-leading Dallas Cowboys Defense, Osa Odighizuwa. Here is a picture of us from the event.
Let me know if you want a link to the actual presentations. I talked about AI and how it frees you to be your best. Osa spoke about what it takes to be a Pro, and Mike talked about teamwork and building teams.
It is Football Season. And, if you know me, then you know I'm a Cowboys fan (despite being raised in Philly, with season tickets to the Eagles – and Boston, with season tickets to the Patriots).
So, the week one 40-0 victory over the NY Giants was fun to watch.
It was even more fun after I saw some stats about this loss.
The 40-0 win was the largest shutout victory in Dallas's history.
Dallas is the fifth team in NFL history to open their season with a 40-plus-point shutout on the road, and the first since the 1999 Steelers.
The Cowboys are the first team in NFL history to open the season with a 40-plus-point shutout of a team that made the playoffs the previous season.
But feeding my occasional need for Schadenfreude ... the stats get worse for the Giants.
In this game, they lost 40-0, got sacked seven times, to the Dallas Cowboys zero, they also lost the turnover margin 3-0, and had their opening drive field goal attempt blocked (and then returned for a touchdown), and their QB, Daniel Jones, then threw a pick-six.
Supposedly, no team has done that in a single season - let alone a single game.
And for some additional contrast and dynamic tension ... ponder this!
Jerry Jones Is Going to Live Forever.
As if the Cowboy's experience wasn't enough to bring people in, Jerry has now immortalized himself as the mirror from Sleeping Beauty, excuse me, I mean as a virtual AI screen at AT&T Stadium.
It's a truly interactive experience where you can ask Jerry questions, and get responses in his voice - from an AI trained on the real Jerry Jones.
NEW at #ATTStadium: Meet Jerry Jones – An Interactive Experience. Ask @dallascowboys' Owner Jerry Jones questions and get his responses generated by AI technology for a unique, interactive experience.
People joke that new technologies are always adopted by porn first, gambling second, and then the entertainment industry after. These technologies have made their way to the NFL which means they are on their way to much broader adoption sooner than you might expect.
It wasn't exactly the prettiest (partly because it was the first game of the season, but also because many of the starters sat the game out to avoid injury). With that said, it was still a fantastic experience. The NFL (and Jerry Jones) knows how to put on a show.
It's Easy to Feel Good at the Start of a Season.
Lots of people ask me how the Cowboys look this year. The truth is, at this point in the season, it's impossible to know because injuries have a dramatic impact on the game.
Regardless, each year I choose to be optimistic about the chance of a post-season run.
That kind of logic (or lack there of) is why I think automated trading is better than humans attempting to do it themselves. It's a way to make objective decisions and eliminate fear, greed, and discretionary mistakes.
On the other hand, it feels so good to hope!
A Lesson From the Game.
I had an interesting discussion at the game yesterday. My guest commented that Jerry Jones is a fantastic business person - which is hard to argue - but probably shouldn't be running the team. He believes the team needs a change of pace to switch things up.
While I don't know if that's why we tend to struggle so much more late in the season, it reminded me of a great business lesson.
Entrepreneurs often mistake their domain expertise for general expertise. "I'm fantastic because I'm fantastic at all these different things." And the result is they overestimate their ability to be great at things outside their unique ability. A similar issue is that many people believe they are deep thinkers, because they think deeply about what they think about. However, they often don't realize how narrow their range of thinking is, and how many things fall outside their expertise, interest, or even consideration.
Less Is Often More.
Learning to offload tasks that you may not be as fantastic at as others is a great way to free up time to focus on not only the things that you're great at – but also bring you joy and energy.
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.
This year, we continued our tradition of going to the Cowboys game – then having a big dinner together afterward.
I got to spend time with both my sons and my first grandchild (who didn’t seem to want her picture taken while there was so many other things to investigate).
Thanksgiving is a reminder to be grateful for the blessings in your life - big and small. But it's also a time to be thankful for the challenges in your life - and the opportunities for growth.
Often, when I think about what I want, the first thing I think of is what I don't want. Similarly, when I think about what's going well (or something worthy of being thankful for), I first think about what has been difficult or isn't above minimum standards yet. Some things change quickly. Apparently, human nature isn't one of them.
Challenges are often hidden gold mines. Instead of thinking about them being obstacles for you, recognize that getting past them creates an obstacle for competitors. In other words, figuring out a strategy to achieve these lofty goals creates a new status quo and a sustainable competitive advantage.
At Capitalogix, we often talk about "finding a way," "creating breakthroughs," and "setting new standards." The reason is that most things an innovator wants are just outside their current capabilities (otherwise, they'd already have them).
Dealing with this on a daily basis requires a resilient mindset and the ability to be comfortable with being uncomfortable.
Having no problems either means you're blind to your flaws or aren't playing a big enough game (which is a problem in itself).
So, I am thankful for my health, my family and friends, and the quality of my life. But, I am also thankful for the stress, the challenges, and the opportunity to face a continually better class of challenges that forge a path to a bigger future.
Football season is officially underway! In honor of that, here's a look at each position's composite "player" (as of 2019).
As you might expect, different sports have different ratios of ethnicities. For example, you might expect more Pacific Islanders in Rugby or Asians in Badminton.
The same is true for various positions on a football team. Offensive linemen are more likely to be white – while running backs are more likely to be black.
Here is a visualization that shows what happens when you average the top players' faces in various positions.
While you may be thinking "this player must be unstoppable" ... statistically, he's average.
The "composite" NFL player would be the 848th best player in the league. He's not a starter, and he plays on an average team. You probably don't know his name if you don't root for his team.
We found the same thing with our trading bots. The ones that made it through most filters weren't star performers. They were the average bots that did enough not to fail (but failed to make the list as top performers in any of the categories). Meaning, the survivors were generalists – not specialists.
In an ideal world, with no roster limits, you'd want the perfect lineup for each granular situation. You'd want to evaluate players on how they perform under pressure, on different downs, against other players, and with different schemes.
That's what technology lets you do with algorithms. You can have a library of systems that communicate with each other ... and you don't even have to pay their salary (but you will need data scientists, researchers, machines, data, alternative data, electricity, disaster recovery, and a testing platform).
You won't find exceptional specialists if your focus is on generalized safety. Generalists are great, but you also have to be able to respond to specific conditions.
Serena Williams officially retired on Friday after a loss in the third round of the US Open to 29-year-old Ajla Tomljanovic. Serena won her first Grand Slam Title 23 years ago in the same stadium.
Serena started playing professional tennis in 1995 as a 14-year-old. Twenty-seven years later, she walks away from the game with 858 tour victories, an 85% win rate, 73 singles titles, an Olympic gold medal, and 319 weeks at No. 1. With her sister, Venus, they won 14 major doubles titles and three Olympic gold medals.
Recently, I shared this graph that helps put the Williams sisters' dominance into perspective.
Serena is undoubtedly one of the most dominant athletes - man or woman - in any sport.
To be great requires an extraordinary level of grit, determination, and pain tolerance over an extended period of time. It isn't just what you choose to do from moment to moment – it's about a persistent commitment to who you choose to be!
During Serena's final match, an ESPN commentator said something interesting about what makes her (and many famous athletes) great. For context, Serena was down 5-1 in the final set of the final match, with her opponent having won two sets already. It's 'game point'. To get here, Ajla will win a point, then Serena - it goes back and forth like that more than seven times. Yet, Serena keeps finding a way to keep herself in the match despite everything going against her.
While this is going on, the commentator exclaims, "How can she care so much? How can she keep dancing on the lip of the volcano?"
Imagine being in Serena's position. She's 40, she's announced her retirement, the match has been going on for almost 3 hours, and her chances of coming back are almost nil ... she has nothing left to prove ... but she keeps finding more in the tank. She keeps putting herself in a position to turn it around. After the match, her opponent makes clear that she never once thought that Serena was out of it - that she couldn't turn it around and clinch victory.
It was beautiful - and it was a testament to the passion and discipline it takes to be that elite for that long.
There's a difference between good and great - but there's also a difference between great and the greatest.
I joke that I have a "tense" problem. I spend a lot of my time thinking about what will be possible in the future. And once I know something is possible, in my head, it has already happened.
It isn’t a reality distortion engine … it is a reality creation engine.
For me, this is centered around the way technology is transforming the world and how it affects my business.
Sometimes it's nice to take a step back and look at all the "quality of life" improvements. The gadgets that make you say "Wow!" … even though they may not benefit you directly.
So, here are a few that caught my eye over the last few weeks.
Augmented Reality Running
In 2020, Ghost Pacer put together a pair of AR glasses that would give you a virtual running partner. The app would analyze the running route and the wearer's desired goals and set them up against a virtual runner who would push them to their limits.
Last year, SNAP and Nike teamed up to create a new AR running experience as well.
Watching the video of this slime is somewhat uncanny. Its movements feel almost lifelike. That being said, the potential for this custard-like slime worm is massive. It can navigate narrow passageways, grasp objects, and more. There are already plans to use this to remove foreign objects from people.
Multiple generations of kids have dreamed of hoverboards after watching Back To The Future. While it's not in homes yet, it is now a reality as seen in this video with Tony Hawk riding one. Unfortunately, since breaking into the scene in 2015 with a successful Kickstarter, I have not seen much from Hendo Hoverboard.
Thankfully, they're not the only company in the space anymore. If you're willing to drop almost 15K, you can own a working hoverboard from Arcaboard.
I remember when we used to go outside to play or exercise.
A Fun NFL Statistic, and an AI GM?
I love football. As such, it is fun for me to watch the games. But I also like the business of the game as well.
Over time, I've become a fan of the league ... and how deliberate they are about building teams and developing players.
Last week, I got to give a series of talks to a high-level entrepreneur group called Breakthrough Mastermind. Some of the other speakers included NFL Hall of Famer Mike Singletary and a starter on the league-leading Dallas Cowboys Defense, Osa Odighizuwa. Here is a picture of us from the event.
Let me know if you want a link to the actual presentations. I talked about AI and how it frees you to be your best. Osa spoke about what it takes to be a Pro, and Mike talked about teamwork and building teams.
It is Football Season. And, if you know me, then you know I'm a Cowboys fan (despite being raised in Philly, with season tickets to the Eagles – and Boston, with season tickets to the Patriots).
So, the week one 40-0 victory over the NY Giants was fun to watch.
It was even more fun after I saw some stats about this loss.
According to ESPN Stats & Info:
The 40-0 win was the largest shutout victory in Dallas's history.
Dallas is the fifth team in NFL history to open their season with a 40-plus-point shutout on the road, and the first since the 1999 Steelers.
The Cowboys are the first team in NFL history to open the season with a 40-plus-point shutout of a team that made the playoffs the previous season.
But feeding my occasional need for Schadenfreude ... the stats get worse for the Giants.
In this game, they lost 40-0, got sacked seven times, to the Dallas Cowboys zero, they also lost the turnover margin 3-0, and had their opening drive field goal attempt blocked (and then returned for a touchdown), and their QB, Daniel Jones, then threw a pick-six.
Supposedly, no team has done that in a single season - let alone a single game.
via The Athletic
See, math can be fun!
Week Two was similar for the Cowboys against the NY Jets. My friend and lifelong Jets fan, Brian Kurtz, attended and wrote this well-thought-out blog post on the experience.
And for some additional contrast and dynamic tension ... ponder this!
Jerry Jones Is Going to Live Forever.
As if the Cowboy's experience wasn't enough to bring people in, Jerry has now immortalized himself as the mirror from Sleeping Beauty, excuse me, I mean as a virtual AI screen at AT&T Stadium.
It's a truly interactive experience where you can ask Jerry questions, and get responses in his voice - from an AI trained on the real Jerry Jones.
And this is only the beginning.
People joke that new technologies are always adopted by porn first, gambling second, and then the entertainment industry after. These technologies have made their way to the NFL which means they are on their way to much broader adoption sooner than you might expect.
We do live in exciting times!
Posted at 04:51 PM in Business, Current Affairs, Gadgets, Games, Ideas, Just for Fun, Market Commentary, Personal Development, Science, Sports, Television, Web/Tech | Permalink | Comments (0)
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