One of the most important messages I drill into people at my free events is this simple formula:
I recently watched the brilliant documentary on Fred (Mr.) Rogers called "Won't You Be My Neighbor." If you were lucky enough to be in the generation who got to watch this TV show each week then you'll understand how big of an impact Mr. Rogers had on children of all ages, from every walk of life. He was a maverick, with balls down to here, even though his gentle demeanor was often mistaken and misperceived as weak or too passive with many calling his sexuality into question. In those precious, few minutes each week Fred Rogers addressed some pretty heavy topics like self-esteem, racism, divorce, bullying, death, fatal diseases -- with a ninja-like adeptness, to an audience of children as young as 3 years old. He taught children, each and every day, that they were special and imbued them with a much needed shot of caring and love in a world growing more and more precarious by the day. At that time.
It's easy to think of reasons why humans might be hard-wired to pay more attention to bad news and downside risks than to good news and encouraging signs. Bad news may require quick reactions in the name of self-preservation; good news may be more likely to arrive in gradual small doses, and doesn't require any reaction at all. But whatever the underlying reason, the doomsayers and the naysayers often attract an audience, even if the worst of their predictions don't happen on time or with the predicted force. Meanwhile, extreme optimists seem naive. And those who predict middle-of-the-road scenarios, whether leaning toward optimism or pessimism, just seem boring.
There are three basic ways to establish or TEE up a competitive advantage: Technological excellence, Execution/operational excellence and customer Experience excellence e.g speed, convenience, service and high touch. You must dominate on one, but be equally competitive on the others. Here is how to measure them.
Luminaries of the cryptosphere such as Thomas Lee of Fundstrat, a research firm, liken Bitcoin to gold, as a potential store of value and a hedge (perhaps) against inflation. So far though, there is less obvious evidence of that. At the time of writing, Bitcoin is again pushing up against the US$4,000 level, hovering below this resistance, trading within the US$3,900 band as the world hurtles into 2019. Yet hedge funds are pouring into gold, in anticipation for greater volatility and turbulence in global markets in 2019. Now that technology stocks have fallen out of fashion and hedge funds as a whole have underperformed indexes in 2018, will Bitcoin be seen as a flight to safety?
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