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Lefsetz Letter » Blog Archive Navigating The Modern World - Lefsetz Letter
Assets are passe.
Accumulation is for baby boomers. You need a mobile phone, with a fast connection, clothes, food, a roof over your head and some cash, that’s it. When you see someone spending on a car they cannot afford, laugh. You are your own status item, your possessions are irrelevant. So much is virtual, so much is on demand, so much has been commoditized. Spend your time developing your identity, not accumulating goods.
Lefsetz Letter » Blog Archive Navigating The Modern World - Lefsetz Letter
Experience is king.
Take every opportunity to travel, to meet new and different people. That was the downfall of the mainstream media in the presidential election, it was a self-satisfied echo chamber. People will surprise you. Everybody has a gift. It’s your job to uncover it.
Lefsetz Letter » Blog Archive Navigating The Modern World - Lefsetz Letter
Analysis is king.
In a world where all knowledge is at your fingertips, it’s how you put it together, how you gain insights, that is king.
This is the mark of a smart person, someone who can make sense of the data. If someone is just shouting headlines, ignore them. We all have the same facts, what do they mean? They can teach this in school, but they don’t
Lefsetz Letter » Blog Archive Navigating The Modern World - Lefsetz Letter
We live in a world of self-education.
College is a joke. Diploma mills. A place where you go to get a sheet of paper that says you’re better than those who don’t possess it. Your greatest learning experience will take place outside of the classroom, interacting with different people.
So, if you want to get ahead, YouTube is your friend. Getting ahead is hard work, not cheating on the multiple choice test. All the information you need is hiding in plain sight, do you have the time to study it? Most people don’t. But if you do, you’ll get ahead, I promise you.
Lefsetz Letter » Blog Archive Navigating The Modern World - Lefsetz Letter
Nobody knows anything.
Don’t trust the media, don’t trust the bloviators, you’re on your own.
We used to have the illusion that people knew what they were talking about. Before we could go online and find not only a contrary opinion, but one further in depth. The problem with the mainstream media is it still believes it’s anointed. That it lords over us. But it doesn’t. We make fun of its bias, we laugh at its self-righteousness. These people don’t know, too often they’re talking heads. As for reporters… We’ve got people living the subject and testifying online, why should we trust someone with a notebook who showed up for an afternoon?
The establishment hates this. It doesn’t want to give up power. It doesn’t want to admit there’s chaos.
But there is.
