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Tag: Business
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Categories: Less Relevant (Other Business)
Inefficient bureaucracy stems from leaders who overvalue execution and undervalue ideation, or push unvetted ideas.Leaders don’t have to be great at ideation; they just need to employ people who are and let them strip out waste.When Tesla was on the verge of bankruptcy in 2008/2009, Elon Musk didn’t save the company by grabbing an impact wrench and help speed up production. Elon Musk wouldn’t excel in an assembly line; he’s a idea person more than an executor. He saved it by coming up with ideas to decrease costs and get funding, and then telling JB Straubel and his team to…
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Here’s my post about economics and the dangers and opportunities for abundant EAGI (embodied artificial general intelligence).
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Categories: More Relevant (Other Business)Tags: AGI, AI, artificial-intelligence, Best, Business, Career, Economics, Philosophy, Robotics, science, Space, technology
Economics is only about who owns what and how those assets are used. Even abundant EAGI (embodied artificial general intelligence) won’t change that. Control assets, apply efficiency, hope for luck; that equation doesn’t change.Active income = renting the only asset you can’t store, your time. Engineers, landlords, founders all do it. Passive income just substitutes someone else’s time (or eventually, an EAGI’s).We’re nowhere near AGI (artificial general intelligence) yet, but imagine EAGIs (robots controlled by AGI) becoming as abundant as smartphones.When EAGIs outperform humans at everything, the key question is who owns them. Own even one EAGI unit, and you…
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Categories: More Relevant (Other Business)Tags: AGI, AI, artificial-intelligence, Business, Career, Economics, Philosophy, Robotics, science, Space, technology
Here’s the link to the condensed version of this post. It’s about ownership. Even abundant EAGI (embodied artificial general intelligence) could never change that.Regardless of what happens with AI in the coming decades, it will still only be about ownership, as it always has been and always will be.The only goal in business is getting the most ROI from the resources you own. Efficiency (and luck) are the only ways someone might outperform another person.Economics is only about who owns what and how people/entities use what they own.Active income (whether as an employee or an entrepreneur) is just trading ownership…
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As part of my ongoing Informal Education PhD degree from Non-Existent University, I’m currently listening to Start Your Own Corporation by Garrett Sutton.I’d recommend it, and I’d highly encourage most any near millionaires (which definitely does not include me) to utilize LLC(s) and/or corporation(s) ASAP. (I purposefully didn’t mention limited partnerships in that.)It goes over the good entities (LLCs, corporations, limited partnerships) as well as topics related to them.The bad entities are sole proprietorships and general partnerships (which is what essentially any entity is by default). IMO, general partnerships are significantly worse than sole proprietorships and should be heavily avoided.If…
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My LinkedIn profile has a lot of my career credentials, and I have a significant amount of professional experience and education beyond what’s described there.As touched on in that profile, I have years of experience being employed full-time and years of formal and informal education.That profile is at linkedin.com/in/SamuelSauer. You’ll need to be logged in to view the information I’m referencing.
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You can’t live life according to a formula and achieve financial success.Any short post from any business guru about how to be financially successful is a hyper oversimplification.Instead of getting hung up on the ambiguity of life, you can use it to your advantage by implementing unconventional solutions.The best solutions to ambiguous are always unconventional. Incremental improvements (beyond the best conventional solution) matter little in unambiguous problems, but in ambiguous problems, a superior approach can create an exponentially huge impact.Take an AI business model as an example: a slightly better business model could redefine the entire industry. In contrast, while…
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People in the year 10,000 BCE would be able to understand what life was like in the year 1 CE.People in the year 1 CE would be able be able to understand what life was like in the year 1000 CE.People in the year 1000 CE would be able to understand what life was like in the year 1700 CE.People in 1700 would hardly be able to understand what life was like in 1900.People in 1900 would not be able to understand what life was like in 2000.People in 2000 would not be able to understand what life is like…
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I’m highly considering gaining a skill set as an AI usage expert and/or an AI agent usage expert, and using that skill set along with my skill set for ideation for ambiguous problems. I would focus on providing a strategy on how my client (who could be my employer, an individual, a company, a non-profit, or a government entity) should use existing AI services and/or AI agent services and/or build an AI/AI agent to more effectively tackle their ambiguous problems for greater ROI.I would focus on providing ideation in the same way I would as an ideation specialist for ambiguous…
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Categories: Less Relevant (Other Business)
Why are most of the world’s richest people not from ultra‑rich families?Because in the long-term, growth rate beats everything.What distinguishes those who consistently achieve a higher growth rate?Execution is critical, but millions execute well. That’s not it.It’s the ideas, the solutions to the ambiguous problems.Think about it.Thousands of capable entrepreneurs had already launched internet businesses when Jeff Bezos was just getting started with Amazon.Amazon’s long-term vision was to become the store for everything, and to start with books: a brilliant answer to the ambiguous problem of pairing a bold vision with a feasible first model.While other talented executors went broke…
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