Category Archives: 1 Perspective

Perspective Matters

(Chapter from How to Get Rich and Famous.)

How do you see yourself? How do you see others? How do you see the world?

And do you see things the same way as other people around you? Even though what you’re looking at is the same thing, we often see them differently.

Perhaps you’ve come across this optical illusion:

  

Do you see the young lady looking away, or the old lady looking across to the left? Can you see both?

Maybe what you see depends on what you’ve just been thinking about, what you expect to see or how you think about the world. This collage of the young lady, the old lady and both helps us to see the illusion.

As children we are flexible in our views. We’re working everything out. We can be duped easily because we haven’t established what’s real and what isn’t. Have you seen a baby giggle at the game of “Peekaboo!”? But by the time we’re adults we’ve got a firmer idea of what the world is like. Since we rely upon our assumption every day, our ideas become more entrenched, unless we stay open to new information and interpretation. That’s why young people and old people sometimes don’t see eye-to-eye – understandably they see the world differently.

But what about two people with similar profiles who see the world differently?  Continue reading Perspective Matters

Where the world is going, today.

If you are an expert in your field you have a good idea of what is going on in that area.  That’s how you make a living.  Most of us express views about news and events that are outside our area of expertise especially if we think that they might effect us in some way, like politics and economics.  The Presidency of the United States of America is one of those things.

Everyone will be talking about the new US administration in America today.  Some will be earnest, some dismissive, some joyful, some sad or angry.  Irrespective of your emotions or political leanings, its impact will affect you. Continue reading Where the world is going, today.

The Silk Roads: Two and a half millennia telling us to stop fighting.

Book review:

The Silk Roads

A New History of the World
by Peter Frankopan

Yes please!

The title and the book’s intention, to offer a global perspective, were intriguing to me.  Though not a history fan, it is increasingly clear that it is no help to see history from your own perspective because it is blinkered, full of self-serving interpretation and fails to expose the reality of the past.  This book offers a big picture perspective.

Continue reading The Silk Roads: Two and a half millennia telling us to stop fighting.

The Cycle of Life, and Death.

This time of year has had special significance for millennia.

Why?

Because it is the end of the annual spiral to darkness and nature’s rebirth.  Solstice is a time of rejoicing because it means winter darkness is lifting, warmth will return,  and food will become available again.

New GrangeImagine you live 10,000 years ago, somewhere above latitude 45 or so, you would notice the lengthening of the days a couple of weeks after December solstice.  That meant you might survive.

Even 5,000 years ago communities had invested so much in understanding the solar cycle that farmers in the Boyne Valley, Ireland built New Grange, an 85 metre diameter stone  tomb, which has a light box which  illuminates a 19 metre long passage and chamber as the sun rises on solstice morning!  The solar bounce was important to their livelihoods.

No, this is not a morbid view.  It’s reality.  Facing reality gives truth to our lives. Continue reading The Cycle of Life, and Death.

Imperialism – the starting point of system change.

The people who run the world, you know people like you and me who live in the “First World”, have a particular view of the world.  Even if we can see the scale of inequality in society and the collapse of nature, we do not connect ourselves, our behaviour or our community to those uncomfortable facts.  We’d rather blame some one else – a politician perhaps.  We’re “good” people, doing the best we can and the problems are a result of the system about which we can do nothing.advanceofspecieskal20150418

It’s past due time to wake from that comfy dream.  The system at the top of which we sit is perpetuated by ourselves and it doesn’t have to be that way.  Each of us makes a difference and the small changes in what we say and do can make the system better, quickly.

Continue reading Imperialism – the starting point of system change.

The Waterfall and The Rain

The waterfall is heard before you see it.  The thunderous torrent crashing on the rocks resounds about the valley.

niagra03As you approach, the mist becomes visible, as vapour bubbles up from the torrent.  The spray blows far and wide so that when you come close you are soon soaked.  From close up you can barely see the path of the waterfall as the clouds of mist and spray obscure its fall.  Yet you can feel the reverberation through the ground.

The waterfall is mighty! People come from far and wide to see the waterfall. It is celebrity.  People want to be like the waterfall, strong, impressive, powerful.

But strangely the waterfall does little more than make noise and spit before the water passes on calmly through the valley. Continue reading The Waterfall and The Rain

Investing your portfolio: Where are the customers’ yachts?

The wife of a successful entrepreneur once remarked to me that she had pointed out to her husband that there will always be someone else with a bigger yacht in the marina.  She was hinting that it’s fine to work, but there’s a point at which you ought to stop and spend a bit of time with your family and friends.  She’s since divorced (for him it’s the second time!).

livingoffthepeopleAnother boating analogy was shared by The Economist recently in a comment about the asset management industry entitled Living off the people.  As an asset manager, investing other people’s money, it was pertinent to my profession.  The article offers a synopsis of the fund management industry and the challenges it faces today, the principal one being “Is there any use for fund manager’s at all?”  The evidence has been around for decades, and now is being more actively referenced, that paying someone to beat the index is a fool’s game.

You can’t consistently beat the index, and if you have to pay someone to try, that’s going to cost you even more, so don’t even try.  Just invest in a low fee index fund, like one offered by Vanguard.  The article points out that a quarter of American billionaires work in finance and investment and concludes with a quote from a pre-war Wall Street mogul “Where are all the customers’ yachts?”  Instead pay a computer pennies to put yo u on the efficient frontier.

Continue reading Investing your portfolio: Where are the customers’ yachts?

Global perspectives: Technology, Growth, Money, Politics and what to invest in

The Long Termworld-300px

We’re talking 20 years or so here.

In 20  years we’ll be facing Big Stuff.  Climate change, weather volatility, species loss, clean air, clean water, … that whole environment thing will be getting much more serious and everyone will be dealing with it in some way or another.  I’m hoping it’ll make Ireland a bit more like the south of France, and it might, but whatever else, it’s going to make the simple things in life more difficult.  For most of humanity that will include feeding themselves and getting clean water.

So that will make food and land more important.

In 20 years we may well have passed “The Singularity“.  That’s a term coined by futurists, often with a trans-humanist bent, which denotes the inevitable point at which technology development starts happening “by itself”.  This occurs as humanity’s understanding of physics and biology enable the creation of thinking machines (computers) that emulate the brain, and then androids and cyborgs begin to be used in place of people.

Certainly in 20 years technology will have changed our world even more than in the past 20.   Do not imagine The Singularity to be fantasy.  We are close already.  The mobile phone/computer in your pocket is old technology compared with neuro-computers being tested in laboratories.  Robots are already becoming remarkably similar to C-3PO in looks and mobility at least.  Today the consequences are being felt in most professions as AI (artificial intelligence) takes jobs away from humans.  This is what we all wanted – automatic checkout, automatic cashier, automatic accountant, automatic lawyer, automatic vehicle … The challenge now being solved is automatic creativity.

Continue reading Global perspectives: Technology, Growth, Money, Politics and what to invest in

System change, social media and your choices.

drowningworldcarCOP21 comes to a close as the wind howls and Jaspar’s rugby game is cancelled because so much water fell on the pitch last night.  Climate change is great, but it’s not good.  I love the warmer weather so here in Ireland it’s almost as warm as Hong Kong in the winter; you can go jogging and enjoy the breeze.  But the volatility of weather is a symptom of broken systems.  Both civilisation and nature.

The consequences for the breakdown of nature and civilisation will be different.  Nature will change – once nature was a burning ball in space, now it’s a paradise become decadent and failing.  Civilisation will simply disappear – and might never come back.

For some the idea that the human systems are dysfunctional and the weight of humanity is crushing nature is familiar.  For many of them, it is a new realisation and the response reflects where they come from: community driven people tend to activism, strategic operators tend to business solutions, organisers tend to regulation, and so on. For a few the notion of integral solutions is a dawning awareness.

Hand holding a Social Media 3d Sphere sign on white background.All of these people are connected by social organisation and media.  We all communicate with each other and ideas circulate quickly as nuggets of information on Twitter, Facebook, Snapchat, websites, journals, TV shows,  … We tend to communicate with like minded people.  It is not easy to cross over.  But the filtering of from one group to another happens because in each of our circle of family and friends there are always a few “strange ones” who bring unfamiliar concepts to the conversation.  (I might fit that description for many of my family and peers!)

Social media allows this cross-fertilisation of ideas and it reveals the homogeneity of your group of friends.  Who shares ideas about politics, art, religion, business, .. and so on?

COP21marchWhile there has been a great deal of activity related to COP21, it has been predominantly among the same people:  People who want to see system change, or people who have a vested interest in things staying as they are.

The outcome of COP21 is not going to be remarkable.  Sadly, the depth and breadth of understanding among leaders, and followers, is shallow and narrow.  For example, even I was a little stunned, on the way back from picking Richard up from the airport, to calculate that we had released a quarter of  his body weight of 60 odd kilos in CO2.

gas_balloon_scaleA litre of fuel releases between 0.6 and 0.7 kg of carbon, which grabs another two molecules of oxygen to make carbon di-oxide, bringing the weight to around 1.8 kg.  So for a 150 km round trip at 45 mpg (15.8 km/litre) we needed 150/15.8 or 9.5 litres which create 17 kilos of CO2.  Just that one event produced nearly the same weight of CO2 as you find in a bag of cement.  It’s heavy!  And it’s just one event on one day.

So even people like me can be stunned by the challenges we face.

The problem nature faces has much to do with energy and our gratuitous use of fossil fuels.  The reality is that humanity must live within the laws of nature, including not consuming more energy in a year than that captured by photosynthesis in a year.

unethicalCivilisation is breaking down because the systems we have in place are unethical.  Every crisis comes about because of moral failure.  Corruption insinuates business, politics and religion.  There are cries for change and some who show the way, but the establishment finds it hard to give up power.  If evolution is not chosen, revolution erupts.

So while you are part of the establishment, spare a moment for the alternative view that is shared by the fringes of your social circle.  It’s not about equality it’s about equity.  Be open to finding a way for systems to evolve.  The system is a result of everybody’s choices.  We must all choose better.  We must aim to do the right thing the right way.