The Future is Faster Than You Think (Peter Diamandis and Steven Kotler)
In this book, the authors talk about rapid technological advances in the next ten years and their impacts on our lives. Technology is accelerating at a fast pace as discussed by many others such as Ray Kurzweil. At some point, these emerging technologies are going to be combined and provide far more powerful advantages for humans. For example, the combination of artificial intelligence and genomics is going to revolutionize our approach towards curing diseases. Furthermore, it will provide solutions to increase human life span. One of these genomics technologies is genome editing. A few examples of future technologies are AI, 3D printing, virtual reality, fintech, robotics, and digital biology. Additionally, these technological changes are going to create a lot of wealth. One example with huge economical potential is Deep Mind.
The Big Nine (Amy Webb)
In this book, the author talks about the big nine AI companies and how they may be creating technologies that may hurt humans. Amy Webb disclosing how corporate greed may be harmful to human destiny in a long term. These nine AI companies include Amazon, Google, Facebook, Tencent, Baidu, Alibaba, Microsoft, IBM, and Apple. Amy reveals all the invisible and untouchable ways that AI is gathering our data that someday will be out of control. Many smart people such as Elon Musk have raised red flags about the future consequences of advanced AI. These technologies are growing much faster than the regulations to control their advancement. We may wake up someday that is too late and AI is already in charge of our destiny. Based on experience, intelligent species are not kind towards less intelligent species and we can not expect an advanced AI to be kind to us. Someday they may push us to the edge of the distinction.
Digital Transformation, Survive and Thrive in an Era of Mass Extinction (Thomas M Siebel)
In this book, the author talks about the digital technological advancements that are going to change the ways businesses and governments are run. These technological advancements include cloud computing, big data, artificial intelligence, and the internet of things. Thomas Siebel discusses the digital transformation that is going to happen as a consequence of these technologies. These advancements are huge investment opportunities for investors. Also, he provides examples of companies such as Enel, 3M, Royal Dutch Shell, the U.S. Department of Defense, and others that are benefiting from these technologies.
A Crack in Creation (Jennifer Doudna and Samuel Sternberg)
In this book, the authors discuss the potential of a new technology called CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) to revolutionize our approach towards curing diseases. CRISPR is a genome-editing technology that is capable of manipulating the genome in human embryos to block diseases. The previous methods before CRISPR were expensive and difficult. Furthermore, the book discusses the future applications of this technology. A few applications include curing infectious diseases, targeting cancer cells, surgery, zoology, and agriculture. However, there are still ethical concerns on how this technology can be best used for human advantage.
A Generation of Sociopaths (Bruce Cannon Gibney)
In this controversial book, the author discusses the policies employed by baby-boomers in the USA that resulted in the wealth accumulation of this generation. However, many of these policies destroyed opportunities for future generations. Bruce Gibney discusses how acting like sociopaths (no empathy and no respect) has hurt the American spirit (equal opportunities, vibrant dynamics, and political and economical strength). He argues that damages to the environment, social security, and public will be obvious in the future when there is no way to go back to fix them. In the end, the author discusses the role of younger generations and how they need to step in and restore America before it is too late.
Megatech: Technology in 2050 (Daniel Franklin)
In this book, the author discusses the future technologies that come our way by 2050 and the changes they bring to our lives. In this book, a pool of intellectuals including scientists, industry professionals, and academics join journalists from the Economist to answer the future outlook of the possible technologies. Furthermore, they scrutinize the human capacity to accept these changes and the limitations they may impose on these advancements. A few names between these experts are Frank Wilczek, Ann Winblad, Melinda Gates, and Alastair Reynolds which explore future big ideas and trends. A few examples of these technologies discussed here are brain-computer interfaces, vat-grown cruelty-free meat, data-driven world, healthcare, and future cars. Furthermore, the impact of these technological advancements on future jobs is discussed.
Paradox of Choice (Barry Schwartz)
In this book, Schwartz argues how the many choices that modern life has presented us have made decision making more tedious, stressful, and unsatisfactory. The more options you have, the more difficult it gets to make a decision, and the less happy you are with your decision. The abundance of choice has made decision-making more complex in many aspects of our lives, from picking a life partner to buying a gift for a friend. Schwartz classifies people into two groups based on their decision-making approaches. First, Maximizers, who seek perfection in every aspect of their life. Maximizers are in a timeless search for the best. Second, Satisficers, who are content with good enough. Schwartz also discusses the best consumer habits to make good decisions. These are a few steps to take. Define your goals with all details. Weigh the importance and necessity of each choice. Prioritize your choices based on their importance. Evaluate the harmony between options and your goals. Pick the best option that satisfies your goals. In the end, a flexible mindset is required down the road after you made your decision. This helps to modify and adjust your decisions to match future needs.
Frames of Mind: The Theory of Multiple Intelligences (Howard Gardner)
In this book, the author suggested different types of intelligence discussed here. 1- Visual-spatial intelligence: Understanding mental images, visualization, map reading, pattern recognition, spatial reasoning, graphic and artistic skills, and active imagination are a few key features of this intelligence type. 2- Verbal-linguistic intelligence: Understanding and use of written and spoken language, and the ability to express yourself are a few key features of this intelligence type. 3- Logical-mathematical intelligence: The ability to measure, calculate, make logical connections, solve mathematical questions, and problem-solve are a few key features of this intelligence type. 4- Bodily-kinesthetic intelligence: The ability to use the body to express yourself through dancing and sports are a few key features of this intelligence. 5- Musical intelligence: The ability to perform and understand musical patterns such as tone of voice and rhythm is called musical intelligence. 6- Intrapersonal intelligence: The ability to look inward to understand your feelings, emotions, and intentions is called intrapersonal intelligence. People gifted with this intelligence are usually introverted, intuitive, self-aware, and philosophical. 7- Interpersonal intelligence: The ability to look outward to understand the emotions, motivations, and intentions of others is called interpersonal intelligence. Putting yourself in other people's shoes, empathy, establishing a relationship with others, and resolving conflicts are a few key features of people with this intelligence type. 8- Naturalistic intelligence: The ability to connect with nature and explore it is called naturalistic intelligence. Individuals gifted with this intelligence are interested in biology, chemistry, archeology, and geology. 9- Existential intelligence: The ability to think about the meaning of life, philosophy, and human destiny is called existential intelligence.
Reminiscences of a Stock Operator (Edwin Lefèvre)
This book is a chronicle of Jesse Livermore’s life. Jesse Livermore was one of the most famous traders of the 19th century. During his trading journey, Jesse lost many profits but managed to earn them again. In the following, a few valuable lessons from Jesse is mentioned. 1- Jesse believed that the market is always the same and never changes. Two strong emotions of fear and greed have controlled the market for years. 2- Jesse believed that the market is a great teacher. There is so much to learn from victory as well as defeat. Jesse learned that he may outsmart a group of traders but he can not outsmart the market. 3- Jesse believed in maximizing your profit by pouring more money into a winning trade. This is the opposite of what value investors believe. Value investors believe in buying at bargain prices. However, Jesse believed in the unpredictability of the market. 4- Jesse believed the market behavior is mostly driven by crowd psychology. His trading activity was influenced by whether the market was bear or bull. He believed the market trends can start even before news come out. However, a bear market or bull market can be reinforced by the news. 5- Jesse believed that you can not predict the stock market. You do not need to be right in every trade. Predicting all fluctuations in the stock market is impossible. However, to make a profit you need to be right in more winning trades than losing trades. 6- Jesse believed in developing the right mindset and personality for trading. He believed in virtues such as patience, discipline, self-reliance, and analytical thinking. For an excellent trading mindset, traders must develop skills such as sharp observation, memorization skills, mathematical skills, and statistics (probability). Discipline is extremely important and every trader should have a trading plan to follow. A plan that gives him guidelines on what to do in any scenario that arises.