Archive

Posts Tagged ‘innovation’

China is Now World’s Second Largest Economy

July 31st, 2010

After reading this article on Yahoo, I really started thinking about how the global economic environment has changed. China is on track to be the biggest and most powerful force in the world. What does that mean for the U.S.?

One thing that I have noticed is that many people like to dismiss China as not being able to compete with America. They say, “Oh, China will never overtake America. Our technology is just too good.” Or some other nonsense. These are the same people who say, “Buy American. We need jobs.”

What is going to happen?

Read more…

Success, US Economy , , , , , , , , , , , ,

Innovation is the Ultimate Asset

July 22nd, 2010

After reading this article about how Amazon’s profit has grown by 45%, I started thinking about the other companies that have been making huge profits. Companies like Apple and Microsoft.

Amazon is positioning itself as the leader in eBooks, with the success of its Kindle readers. It was just a few years ago when people did not believe that eBook readers would ever succeed, because reading books on a monitor doesn’t work. Amazon overcame that hurdle by licensing E-Ink, the revolutionary new technology that makes an eBook look more like a real book.

Apple has had similar success with its iPhone, which in just a few years has become one of its most successful products in history. The iPhone 4 was the best selling product ever for Apple. And its stock price reflects the company’s success.

Apple's stock from March 2009

What do all of these successes have in common?

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Accelerating Technology, Business Strategy, Dreams Come True, Online Investing AI, Success , , , , , , , , ,

Depression Solution Part 2: Derivatives and Financial Innovation

July 5th, 2010

pic by Muddy Funkster@ Flickr creative commons

We looked at one depression solution last week: lower or suspend capital gains tax.

The common thinking about the recent economic collapse is that financial instruments, like derivatives and quantification formulas, were the reason for the collapse. This might be like blaming the fuel tank for running out of gas.

To solve our economic malaise, we need more financial innovation, not less.

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Investing, Money, Online Investing AI, US Economy , , , , , ,

Innovation Breeds Success

February 12th, 2010

It’s been said that resourcefulness is the ultimate resource. I think that for companies, innovation is the ultimate resource. Especially after seeing this screencast from Gregg at Envy Labs on Dan Pink’s blog. It really got me thinking about how innovation creates success for companies.

How awesome is that! They created a cute and funny video that people see when they unsubscribe. I don’t know if it has really reduced the unsubscribe rate. But I wouldn’t be surprised if it has.

What else is awesome about the Punish Derrick video?

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Business Strategy, Internet, Success , , , , , , ,

Is Marketing Destroying America?

February 10th, 2010
Pic by Peter Zoon @ Flickr

Pic by Peter Zoon @ Flickr

Americans know how to market.

From the pet rock to Milli Vanilli, Americans can package and promote the most unlikely products. It’s nothing new. Gone with the Wind made the Civil War sexy. The Wizard of Oz let people look over the rainbow in the depths of the Great Depression.

There’s nothing inherently wrong with that. But, a preoccupation on marketing is weakening product development. Companies, for instance, are spending more time and effort promoting products than conceptualizing and creating them.

It’s become a global obsession.

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Accelerating Technology, Internet, Money, Online Investing AI, Success, US Economy , , , , , , ,

Is Innovation Slipping Into A Depression?

December 15th, 2009

chart_patent303Depression is more than just a name for sliding GDP numbers. True, it may be an economic condition; but, it can also be a mass psychological effect that turns into an dire economic feedback loop.

People are depressed and the economy suffers; the economy suffers and people get more depressed. And so on. Think of Japan in the 1980s.

Forget profits and jobs. We know they have been damaged. What is more frightening–and far more devastating–is that the psyche has been damaged because of the recent financial turmoil. Factories can be rebuilt and jobs can be created, but when people stop believing, the chances for recovery are slim.

There’s one more sign that our collective conscious is slipping into a deeper funk.

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Business Strategy, Dreams Come True, Money, Online Investing AI, Success, US Economy , , , ,

Automated Trading: Perception, Reality, and Vision

June 2nd, 2009

remotevehicles

Somewhere.

As you read this post, there are dozens of aircraft circling, thousands of feet in the air, with very little human intervention. Computers are taking in dozens of inputs–speed, weather conditions, altitude, direction, etc.–and piloting multi-ton metal machines.

Would Orville and Wilbur Wright have ever envisioned this?

Automated Trading systems, which have been part of the financial world for years, are still cloaked in a layer of misconception that early aviation pioneers would have understood.

This is due to three factors: media perception, the current reality, and the vision of the technology’s potential.

When it comes to financial innovations, the media is guided by fear and a lack of understanding. While healthy skepticism is good in our reporters and editors, this excessive worry about the future has indoctrinated people into fearing ALL that is new. The media should be educating users on how to embrace innovations, like Automated Trading, intelligently.

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Accelerating Technology, Automated Trading, Internet, Investing, Money, Online Investing AI, US Economy , , , , ,

Is This The Birth Of Limitless Power?

June 1st, 2009

laser1_wideweb__470x3490Dr. Evil would be proud.

The Mike Myers character always dreamed of sharks equipped with laser beams. The Lawrence Livermore Lab’s National Ignition Facility (NIF) may make laser-tipped great whites look like exotic gold fish.

NIF is strapping 192 lasers together with 60 miles of mirrors and fiber optics, crystals and light amplifiers to zap a tiny bit of hydrogen. But, theoretically, the intense blast of light energy with create fusion, turning the hydrogen into helium and release a lot of energy.

How much energy? Say this with your pinky finger next to your mouth, Dr. Evil style, to get the full effect–5 trillion watts of energy! That’s 1,000 times more energy that the U.S. makes in a year.

And, if it’s successful, it should be enough to totally destroy the energy cartels that currently hold a stranglehold over the world’s development.

I’m not surprised. Here’s why.

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Accelerating Technology, Money, Online Investing AI, US Economy , , , , , , , ,

Genghis Khan’s Three Tips For Overcoming Financial Challenges

May 11th, 2009
Genghis Khan and the Making of the Modern World
Genghis Khan and the Making of the Modern World

Timujin, a Mongolian child, had been the victim of a string of bad luck.

His father had been murdered. The tribe he belonged to abandoned him on the brutal Mongolian steppes in winter. His family was close to starving.

He wasn’t supposed to live, or become a Khan, let alone become a Khagan (emperor).

But Timujin, or Genghis Khan as history would call him, overcame all those challenges before him to become the emperor of the largest contiguous empire the world had ever seen.

How he did this–and how you can overcome  your own financial challenges–is through guidance based on a set of principles that helped minimize risk and maximize rewards.

This wisdom rests in three simple, but vital ideas.

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Business Strategy, Internet, Investing, Online Investing AI, Success , , , , , , , ,

Wage Slave Freedom: Ideas Matter

April 28th, 2009

IdeasWe’ll explore one more mistake people make to forge the chains of wage slaves–people who give their time for money.

Wage slaves don’t believe their ideas matter.  During the day they’ll have dozens of ideas that can range from time-saving methods to money-making concepts. But they rarely act on them.

They’re just ideas they think. And ideas are a dime a dozen. Plus, these ideas are the boss’s property. He or she deserves them.

Each day, they use their brains to solve problems and seize opportunities to make someone else money. But they never try to turn that knowledge into money.

After all, anyone can do what they do.

People who have freed themselves from wage slavery know this is not true.

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Business Strategy, Dreams Come True, Online Investing AI, Success , , , ,