Just One Thing: Twelve of the World’s Best Investors Reveal the One Strategy You Can’t Overlook
Excellent collection of insights by diverse fund managers. The ground rules of sound investing are refreshed in this nice compendium. It possessed cogent nuggets of investing truth.
John Mauldin contributes with an essay in the final chapter The Millennium Wave which piqued my curiosity even further. I’ve tried to imagine other planets, and peek into future but without much technological angle. I had already come to conclusion last year couple of times that ‘human beings will not be allowed to drive cars’, we should see this within next 30 years. We’ve seen this in sci-fi movies most of which will appear 1960s when it actually happens.
I am pretty much in consensus with nutty, crazy, obsessed and shamelessly future
seeing personality Ray Kurzweil. (Wiki : Ray_Kurzweil) Bill Gates too yearns to seek insights from him and invites him for dinners. I believe Bill Gates visions are borrowed too partly, but its fine, once someone shows you the moon hidden behind bunch of leaves in tree, you can re affirm its existence. A lot of Ray’s technological insights into future have already come to pass, eg: which was proven by Deep Blue vs Human Champion Garry Kasparov in 1997 was forecasted in 1980s.
Let me remind myself and anyone else who is reading, Moore’s law is pretty much alive and in action, infact rate of change is increasing geometrically and share with you Ray’s insights. Within next few decades 1000 $ (as in affordable) computers will be as smart as humans, after another couple of decades a 1000$ computer
will be billions of times smarter than humans. Before this time it will be game over for humans, as in decision making. Infact humans will not even know whats happening around, all innovations will be made by machines, which will make successive incarnations of intelligent machines. Human understanding, intelligence will become the limiting factor for progress. Most of the time will be spent by humans in learning and unlearning new fields of study. I believe Star Trek will appear 17th century bullock cart, compared to disruptive change ahead of us. Interesting bet on Turing Test : http://www.longbets.org/1
And despite obstruction and prevention by Govts, it will be unstoppable. Could be disturbing and maybe we just learn to accept not just change, but rate of change.