Things are changing very quickly. What we believed in for decades and worked well are changing. The best approach is to remain flexible to the different variables that are out there.
In this video I cover how our beliefs can hold us back when investing.
▶️ 3Speak
great video,it is informative and exciting...@taskmaster4450le
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Summary:
In this video, Task talks about the need for open-mindedness when it comes to investing and exploring new beliefs and approaches. He highlights paradigm shifts occurring in various industries due to technological advancements, changing the traditional ways of evaluating investments. Task emphasizes the importance of questioning beliefs and being adaptable to the evolving landscape to succeed in today's rapidly changing world.
Detailed Article:
Task starts by reflecting on the importance of being open-minded in investing and challenging long-held beliefs. He uses the example of gold to illustrate how past perceptions may not hold in today's dynamic environment. Task mentions the impact of technology, politics, governance, and evolving monetary systems on traditional investment strategies.
Task discusses the changing nature of work over the next decade and how paradigms are shifting rapidly across industries. He references the preference of millennials for Bitcoin over gold, indicating a shift in investment ideologies. Task questions the traditional views on inflation, considering the impact of technological advancements on economic systems.
The discussion extends to the influence of technological disruptions on industries, with examples like Amazon's transformation from a loss-making company to a tech giant. Task highlights the unpredictable nature of markets, citing Tesla's success despite initial doubts and the decline of Blockbuster with the rise of Netflix.
Task emphasizes the need to pay attention to paradigm shifts that can reshape entire industries swiftly, as seen with the smartphone revolution and its impact on Nokia. He suggests that industries like Big Pharma and agriculture could face disruptions from emerging technologies like CRISPR and cultured meat production.
Task urges viewers to reassess their beliefs and investment approaches, especially with the changing landscape of industries and technologies. He emphasizes the importance of staying flexible and adapting to new models to thrive in the current era of rapid change and innovation.
In conclusion, Task encourages listeners to embrace change and stay informed about evolving trends to make informed investment decisions in a world vastly different from what it was just a decade ago.