Sunday, January 22, 2017

Tools for Titans #44 : The best way to predict the future is to create it.

Peter Diamandis has been named one of the World's 50 greatest leaders by Forbes Magazine. He is interested in space travel and human longevity. This is a good, solid section that is full of visionary ideas.

a) A problem is a terrible thing to waste

This simple idea exhorts us to cherish the problems that we discover at work because if this problem is novel enough, it can lead to the incorporation of a new business.

Some interesting questions I ask myself is this : Among high dividend yielding equity counters, what selection of metrics can we use to find a subset of such stocks to boost the annual performance further ?

I think we are close to having an answer for that.

b) The anally-retentive live longer

There is a hilarious sidetrack which discusses why dental flossing every day results in a much longer life to demonstrate that correlation is not causation.

It is more likely that people who floss everyday tend to be anally retentive and have adopted habits which leads to a longer life.

c) The best way to predict the future is to create it  

This was just one of Peter's maxims which are listed in the section which I really liked to adopt as mine with regards to how I see my career over the longer term as legal-tech stealthily impacts the legal sector the same way Fintech has done for banking.

Prediction is a difficult task that results in inaccuracies so why not get directly into the business to influence the change next time.




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