Don't Fear Change - Embrace the Future

Hard times are the breeding ground for great opportunities

Mar 21

How the world changed in only two years is something people will analyze in the coming years.

It was March 2020 when the pandemic started, which marked the first significant change in the ongoing decade.

On February 25, Russia attacked Ukraine. What looked like quick military operations similar to the event on the Crimea Peninsula in 2014 has now turned into a fully fletched war between Autocracy and Democracy.

Nobody expected Ukraine's government to stand up and fight against a much bigger enemy. And additionally, nobody expected the harsh reaction of the European Union and Nato member states towards Putin's aggression against Ukraine.

From one day to the other, the countries started pulling out of Russia and cutting economic ties with the government. It intends to demonstrate that the war in Ukraine is unacceptable without military intervention.

Uncertainty is always a disruptive force for the economy as a whole.

High unemployment rates, rising inflation, disrupted supply chains, and imbalances in the global monetary allocation are the result of interventions like the reaction to the coronavirus or war in Ukraine.

Convergence of Technology

Not only the geopolitical landscape is changing. Also, the development speed of novel technology accelerated in recent years.

The convergence of exponential technologies—everything from AI and Robotics, to Web3 (AI, Blockchain, and VR), over Gene-Editing and mRNA —is changing business models.

These technologies are stacking and recombining—ultimately transforming business models and markets.

The problem with such significant disruption is that most people fear change, and therefore they fear the future—instead of being excited by it. They fear what they don’t understand and can’t predict.

And fear is a terrible mindset for taking advantage of the opportunities ahead.

Times of high uncertainty always was the breeding ground for new game-changing companies.

The 2008 Recession

Also called the Great Recession was the most significant financial meltdown since the great depression.

However, it was also when today's leading companies started taking off or were founded.

Here are 20 companies that were founded during the last recession or could use it as leverage for accelerated growth:

The Availability of Venture Capital is at an All-Time High

For years tech founders had difficulties finding sufficient investors interested in investing in high-risk companies.

The CB Insight Report states that in 2021 621 billion USD were invested in companies.

The United States owns 50% of the global available Venture Capital.

Government announces plans for largest ever R&D budget

In this country, science and business have existed in separate spheres. I am adamant that this must change. Now is the moment to unleash British science, technology and innovation to rise to the challenges of the 21st century.

Strong words from the British island after the Brexit.

The government is pouring about 40 billion GBP into the economy to support research & science.

Specifically, translation from science into business is the target area of this initiative and strengthens the ties between Great Britain and the Horizon Europe program.

Uncertainty creates fear, and fear-based energy must be put into action to create something meaningful for the next generation.

Hard times create strong men, they say. Let’s bring out the best of people in this decade and create a better future for the world's children.

Upcoming Recordings

2 Podcasts from this week

How to UPGRADE YOUR MINDSET in 46 Minutes | John Assaraf on Impact Theory

8 Stoic Habits That Will Improve Your Life

1 Youtube Takeaway from this week

Books I am reading this week

From legendary investor Ray Dalio, author of the international bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history's most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we've experienced in our lifetimes - but similar to those that have happened many times before.

A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn't encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world's three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realisation sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years.

In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires - including the Dutch, the British and the American - putting into perspective the 'Big Cycle' that has driven the successes and failures of all the world's major countries throughout history.

Dalio reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for what's ahead.

— Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail by Ray Dalio

Best Quote From This Week

"The most important quality for an investor is temperament, not intellect," Buffett has said. "You need a temperament that neither derives great pleasure from being with the crowd nor against the crowd."

Source: The Motley Fool

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