Hey <<First Name>>
With interest rates around the world at low points and governments providing significant fiscal stimulus, it's hard not to think about what to do with your money. Specifically, what are the best investments to make given a low-interest rate and inflationary environement?
As a result, I spent some time going down a rabbit hole on the importance of long term thinking as a tool a sovereign individual needs to cultivate personal resiliency.
In this week's articles, I cover both long term thinking and address 4 business sectors I believe represent long term investing opportunities. In the roundup, articles about how local governments are trying to lure visitors, how digital relationships are becoming physical, and some nuance to the types of decisions behind building remote work compensation packages.
We end with a fascinating podcast about a publicly-traded company making a long term decision to invest their cash positions in bitcoin.
4 Innovative Business Sectors to Invest in this Decade - A look at the trends of the past decade, the technologies that have been invented, and where they are heading is a useful exercise. It provides some insights into what we can expect from the coming decade. By following the emerging trends sovereign individuals can position themselves to invest with significant upside.
In this essay, I briefly cover remote work, education, AR/VR, and semiconductor industries. Each of which I believe will present unique investment opportunities for the coming decade.
The Long Term Approach to Life - Furthering my exploration of long term thinking, I provide some personal anecdotes on how long term thinking has benefited my career thus far. The main takeaway is that value compounds over time and long term thinking can position you to maximize the value of your compounding activities.
I conclude with a comparison of long term thinking to the compound growth formula.
A Roundup From Around the Web
The city of Topeka Kansas is piloting a new incentive program to attract remote workers. Through the program, they offer up to $10,000 that can be put towards buying a local home. $5,000 is offered for a 1-year lease. The referenced article indicates that the average monthly rent is $762 including utilities. So that means they are offering to cover almost 6 months of rent.
I expect to see more local governments will start to create unique incentive programs in order to attract people over the next 6 to 12 months. Especially the locations that rely on tourism to fuel their local economies.
Software is Reorganizing the World - "An infinity of subcultures outside the mainstream now blossoms on the Internet".
This was a really interesting article about how the subcultures formed by geographically distant people online are starting to take physical form. Ie: people that meet online are starting to connect in person and ultimately moving to locations where they can be physically present together.
As I've referenced in previous articles, remote work and automation of physical labor are reorienting the social classes and their preferences. This is an important phenomenon to follow. The emerging Sovereign Individual social class will eventually relocate to places that offer them optimized services and governance that fit their quality of life needs.
Jonathan Gheller On Remote Work Compensation - In this essay, Gheller raises key points that play into company decisions on compensating remote workers. It's a comparison of 2 strategies: cost of living adjustments vs equal pay for equal work.
The bottom line: "The pricing dynamics are fairly dependent on how important and prevalent remote work is, both within a company, and their ecosystem at large."
The Pomp Podcast is one of my favorite podcasts for general business interviews and it's a great gateway into the bitcoin community. The recent interview with Michael Saylor, CEO of Microstrategy was simply excellent. They discuss the recent macroeconomic environment that led Microstrategy (a publicly-traded company) to take nearly 500 million dollars of cash and convert it into bitcoin.
See you next week.
PS. Sorry about the formatting issues with last week's email! The chart I included was improperly sized and threw everything off. I'll do better next time I add an image.