What is the purpose of these Future is now posts? Am I deviating from my topic which is money and wealth? No, I don’t think so. In fact, I think I am right on topic!
I already shared the story of horse manure. Let me share another story which I read about years ago when I did my MBA. It is investment related. A very wealthy American was afraid that his heirs would mis-manage their inheritance and made a grave (pun intended) mistake. He tried to rule from the grave. In his will he stipulated that the money must always be heavily invested in companies that manufacture buggy whips. If you don’t know what a buggy whip is, that is the problem. In his time, when horse manure was a looming crisis, people used buggies (small wagons) drawn by horses for transport. And our hero said: People will always need transport. Buggy whips is a consumable item and there will always be a need for buggy whips. And exactly what he feared became true – his heirs and his fortune was lost.
He was right, people will always need transport. But the form of transport can change and be different.
And that is the purpose of this series, to make us aware of the changes around us. If we are aware of the changes, it means we don’t have to spend time labouring in obsolete technologies. We can join the trend a lot earlier and ride the wave.
But, there is even more. Remember one of our basic statements: invest in yourself before you invest your money? That one? Well, I think we all need to take stock of our skills and knowledge, we all need to evaluate how prepared we are for the future that is now. Because it will determine our wealth.
And that is why I think I am still right on track!
Why not tell me what you think? And even better, share some of your own insights regarding the changes?
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Piet
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