You are the average of the five people you spend the most time with. ~ Jim Rohn
Surrounding yourself with the right people, and joining peer groups like Strategic Coach, Genius Network, Vistage, or the Entrepreneurs' Organization is vital to your growth. They bring together brilliant minds and industry transformers together in forums focused on innovation, creative disruption, and possibility.
Peer groups help you set (and raise) standards. They help bring new capabilities, but also new possibilities, new found energies and a reconnection to your purpose, mission, and values.
If you're not ready for that commitment, listening to podcasts from those people that have done what you want to do and gone where you want to go is a great step towards reaching those same goals.
In that vein, I recently went to Alaska with some friends. While there, I got to be on Entrepreneur Weekly with some of my close friends from Genius Network.
The following podcast features me and these guys:
The entire episode is less than 39 minutes. My piece starts around the 11:30 mark and goes for about 5 minutes. I open with a pretty big claim ... Check it out!
Pursue Passionately
If you understand what you really want and if you focus on that, rather than what you don’t want or all the things that are wrong; as long as you’re moving in that direction, and you don’t give up, the result is inevitable. ~ Howard Getson
When I was a kid, I couldn't imagine being where I am today ... nor could I imagine the path that took me here.
Looking back, it all makes sense. I didn't always know where I was going ... but I was passionate about business, and I was driven towards a greater purpose. From selling painted sand terrariums at the farmer's market to building an artificial intelligence powered hedge fund there's a common thread and a driving force.
Don't be afraid to take the risks that may injure your present to make way for your future.
The Fourth Industrial Revolution
The advent of AI is going to be as dramatic for society as the invention of electricity. ~ Howard Getson
Artificial intelligence will solve problems and create opportunities on a scope and scale that is beyond our current comprehension.
I was lucky to be in the right place at the right time to build this company and capitalize on this opportunity. Realize, however, that I had to recognize the vision before there was an opportunity to capture.
Life is about making your future bigger than your past. There are plenty of opportunities out there if you know what you want.
Let me know what you are passionate about. I'd love to help.
Eight Major Forces Shaping Our Global Economy
In trading, the holding period (or "time in trade") is shrinking. Consequently, there is less focus on predicting markets ... and more focus on determining which techniques are making money most predictably.
Markets are not the same as the economy ... and on a macro scale, it is possible to understand and predict the major forces shaping our global economy.
Jeff Desjardins, of the Visual Capitalist, recently highlighted some of the major forces that are changing our global economy. Here is a summary.
The Tech Invasion ... and its Accelerating Progress
If you were to look at the biggest companies globally - almost all of them are in tech. Fifty years ago, the largest companies were in commodities (like oil, steel, etc.). Even 5 years ago, the biggest companies were widely "goods" centric.
But it's more than just the biggest companies. We're experiencing a technological revolution in many subspaces - AI, 3D printing, gene editing, quantum computing, etc.
Yet, for all the change and disruption we've experienced until today - understand that it is going to get faster, and more pronounced, in the future.
And, it isn't just the tech that is new. The pace of its adoption across industries is a game-changer as well.
via Visual Capitalist
We are at a point where new technology often gets released before the previous iteration can fully take hold and mature.
It is not just trading that is getting faster, product cycles are compressing, and foundational technologies are disrupted and replaced (or made obsolete) faster than ever as well.
Even global adoption cycles have become viral and near instantaneous. Think about how fast Pokemon Go (AR) got adopted, or new Smartphones became mainstream.
The Evolution of Money, a Changing Wealth Landscape, ... and China
Money's definition is changing. Cash is becoming less common (with the increasing use of credit cards, electronic payments, and payment services like Paypal, Venmo, and ApplePay). In addition, the public has maintained its interest in cryptocurrencies.
Ultimately, our perception of money may radically change how global economies work.
On top of that, money is changing hands, the ultra-wealthy are from different industries than before, and the wealthiest countries & companies widely influence politics.
Consider the economic rise of China. Even though we've been watching China grow for decades, the scope of its population and economic impact can still be difficult to understand. China has over 100 cities with more than 1,000,000 inhabitants. Even scarier, perhaps, is that China now has more honor students than we have students.
Conclusion
Obviously, the global economy is changing. To see more about the eight forces shaping it, read this.
We live in interesting times.
Onwards.
Posted at 06:52 PM in Business, Current Affairs, Gadgets, Ideas, Market Commentary, Science, Trading, Trading Tools, Web/Tech | Permalink | Comments (0)
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