
FTWW #42: The Perception Challenge
My dear intellectually curious friends,
This is For Those Who Wonder (FTWW) #42 and this week I want to reflect on the thought that our reality is not really reality, but not in the blue pill, red pill sense of the discussion.
We all live in a subjective world, in which our perception stipulates our reality.
Our perception is formed by our frame of reference, dictated by our experiences, relationships, and a myriad of other socio, geopolitical, economic and cultural factors.
The differences between our frame of reference and the lens through which our neighbor views the world colors the gaps between our respective beliefs, actions, and thoughts.
We debate, argue and fight because we want everyone to understand that our reality is the true reality. It is much harder to think otherwise; to change our view of the world because we are wrong and not the world.
But if you stop to think about the ironic absurdity of the situation, it quickly becomes apparent that if you believed what she or he believes, you’d do precisely what she or he is doing.
People act based on the way they see the world. Every single time.
The question that you need to ask is not whether my reality is the true reality, because, reality check, it’s likely not. The question you need to ask is “where can I swap boards?”
Like a surfer that swaps their board with another surfer before paddling out into the swell, the experience exposes them to new ways of thinking about the challenge, using a new tool and their trusty skills to craft additional facets into their understanding of the sport.
Our quest for a complete picture of reality and the broadening of our perception comes down to asking: Where can I learn from other people’s frames of learning and apply it back to my own problems?
However, learning to see through the eyes of others is difficult. That is why empathy is difficult. It does not involve feeling sorry for someone, but honestly answering, “why did that person do what they did?”
To borrow some thoughts from Seth Godin, the useful answer is rarely, “because they’re stupid.” In fact, most of the time, people with similar information, similar beliefs and similar apparent choices will choose similar actions. So if you want to know why someone does what they do, start with what they know, what they believe and where they came from.
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I encourage all feedback and appreciate any responses that bring a new perspective or challenge my reasoning. Together our ideas can change the world.
“If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.” — Jim Rohn
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Michael Seibel, Partner at Y-Combinator, Co-Founder & Former CEO of Socialcam and Justin.tv/Twitch talks about how to pitch investors and communicate the product-market opportunity. There has been lots of content out on this lately, but this interview was too good not to share; lots of golden nuggets along the way.
Byron Wien: What’s Ahead for the Markets? I have read Byron’s work for years and think it’s some of the clearest cut and intellectually honest discourse on the market out there. Read Byron’s latest pieces here. It’s impressive how at 83, the investing legend and Blackstone strategist is still trotting the globe.
Entrepreneurship comes in all sorts of flavors. Here is a quick infographic on the different types of entrepreneurs. It might help increase self-awareness as you build understanding on how to leverage your strengths.
Thoughts on Dividends and Buybacks. There are six different types of capital allocation strategies that companies can employ, and dividends and share buybacks have been large components of stock market returns of late. Michael Mauboussin & team clear up some common misconceptions on based on a simple axiom that the value of a company is determined by the cash that it pays to its owners over its life.
[POLITICS] Going back to the point on understanding the data behind claims made, Flowing Data put together an analysis of divorce rates for different groups of people to debunk the conception that the divorce rate in the US is greater than 50%. It’s probably closer to ~30%.
It’s interesting how someone pulled together this list of student demands with respect to ending systemic and structural racism on campus; an effort to be applauded. However, some of these seem to local, idiosyncratic issues, uninformed rhetoric, or repetitive demands. Campuses have become more politicized of late and are on the forefront of heated debates on key social issues, yet utterly disorganized.
Global trade, mapped. Watch how this map displays, in mesmerizing fashion, shipping lanes, routes, ports and freight trafficked over time. The size is jaw-dropping.
Albeit a simplistic view, but this funny anecdote puts things into perspective. A college-age daughter was ashamed of her father’s staunch Republican views until he said this. We work hard for what we have, why give it away to those who don’t?
[MISC] “Only the educated are free.” — Epictetus
Matt Turck put together a comprehensive review of the state of NYC’s Tech Ecosystem. Well worth the read to understand where we stand and where we are going. Silicon Alley is catching up to the hype.
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Elon Musk | Full interview | Code Conference 2016. It’s a pleasure to listen to Musk and see how he thinks about the world. The taxonomic approach his brain takes to the world is fascinating, but the Recode interviewers do a terrible job.
One question every interviewer should ask: “Teach me something”.
Enjoy!