Relax. You’re Not Too Late

It might constantly feel like you’ve missed the boat… but that’s far from the truth. [Altucher Confidential] April 07, 2023 [WEBSITE]( | [UNSUBSCRIBE]( It might constantly feel like you’ve missed the boat… but that’s far from the truth. Innovation happens in fits, starts, and spurts. Here’s how to take the long-view and gain an unfair advantage. [Hero_Image] Relax. You’re Not Too Late By Chris Campbell Patent #11,219,620: The Most Valuable Patent In History? I believe this could over time become the single most valuable patent in history. [That’s because this patent is just some of the exciting work being done by a company which is developing treatments for one of the biggest and most common diseases in America…]( A disease which impacts 54 million people, or about 26% of the adult population in America. Whatever you do, do not let this opportunity pass you by. [Click here now for the details.]( [Chris Campbell] CHRIS CAMPBELL Dear Reader, We were born to explore, to discover, to push the limits of what's possible. And that's exactly what we're doing with new technologies like cryptocurrencies, AI, nanotech, synthetic biology, quantum computing, and more. But, like all new frontiers, it’s sometimes hard to separate the hype from the reality. And it’s easy to forget that we’ve been here before. (Nothing new under the Sun.) Take, for example, the Antikythera Mechanism, a device found on a shipwreck off the coast of Greece, dating back to the 1st century BC. The device is a complex system of gears and levers that was used to calculate astronomical positions and predict eclipses, revealing that humans have been fascinated by the idea of creating machines that can perform complex tasks for centuries. And what about the newfangled race toward immortality? It’s not even remotely new. For centuries, alchemists believed that they could turn base metals into gold and create an elixir of immortality. The field was driven by hype and myth, and many alchemists wasted their lives and fortunes pursuing this holy grail. It wasn't until the 18th century that the field began to be replaced by modern chemistry. And what of current tech? AI The craze-of-the-week is AI… but it’s not the first time, either. Many don’t know this… But the AI field has already seen more than one hype cycle, followed by disappointment and criticism, followed by cuts in funding, then followed by renewed interest years or even decades later. In the 1960s and 1970s, there was a lot of hype around the potential of AI. Many researchers believed that AI would be able to solve complex problems, automate tedious tasks, and even surpass human intelligence. And in less than a couple of decades. However, progress in AI was slower than expected, and many of the early AI systems turned out to be brittle and unable to handle the complexities of the real world. NANOTECH Nanotech is also ripe for another hype cycle, and yet: In the early 2000s, there was a ton of hype around nanotech, which promised to revolutionize everything from medicine to manufacturing. Researchers believed that nanoscale materials and devices would enable unprecedented levels of control and precision. However, progress in the field was slower than expected, and many of the early nanotech applications turned out to be impractical or too expensive. It didn’t happen as fast as they thought. SYNTHETIC BIOLOGY Similarly, the mid-2000s also saw a lot of hype around the potential of synthetic biology, which, like nanotech, promised to enable scientists to engineer living organisms with unprecedented precision. Researchers believed that they could use synthetic biology to create new medicines, fuels, and materials… maybe even new species. Again, progress in the field was slower than expected, and many of the early synthetic biology applications turned out to be WAY more difficult than anticipated. QUANTUM COMPUTING Currently, there’s also a ton of hype around the potential of quantum computing, which promises to solve problems that are currently unsolvable for classical computers. Researchers argue that quantum computers could revolutionize cryptography, optimization, and machine learning. However, the technology is still in its early stages, and could suffer a couple of hype cycles before it reaches any semblance of its hype-filled potential. AMARA’S LAW Amara’s Law dictates that we tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run. History bears this out. Use it to your advantage Urgent From James Altucher! [Click here for more...]( Hey, it’s James Altucher. I just announced a massive new change to Altucher’s Investment Network, and as one of my readers I wanted to make sure you know what’s going on. [Click here now to see my urgent announcement.]( TIMELESS PROBLEMS It’s also perhaps worthy to reiterate that our technologies aim to solve age-old problems. For example, our central bank-led monetary policies -- seemingly new and shiny -- are anything but. History is filled to the brim of the same mistakes made of the supposedly infallible Fed. One lesser-known example is the Athenian Owl tetradrachm, a silver coin minted by the Athenians in the 5th century BC. The coin was widely used in trade and became a symbol of Athenian power and prestige. However, as the Athenians minted more and more of the coins, increasingly replacing the valuable silver with bronze, their value began to decline, and eventually, they rapidly fell out of favor. Many a central bank has fallen prey to the same impulse, and with the same exact conclusion. BE CAREFUL OF THE HYPE TRAINS Modern examples are plenty. In the early 2000s, Elizabeth Holmes founded Theranos, a medical technology company that promised to revolutionize the blood-testing industry. The company claimed to have developed a machine that could run multiple tests on a single drop of blood, making blood testing faster, cheaper, and more accessible. Turned out, the technology didn't work as advertised, and the company was using traditional blood-testing machines to run its tests. Holmes and other executives were charged with fraud, and the company collapsed, leaving investors burnt. YOU’RE NOT TOO LATE The point of all of this is you’re not too late. It might feel like you’ve missed the boat… but that’s far from the truth. Innovation happens in fits, starts, and spurts. There’s an old saying: Only fools rush in. HOW TO GAIN AN UNFAIR ADVANTAGE How do you get ahead? First, don’t just focus on the potential, also focus on the limitations. Every technology has limitations, no matter how revolutionary. Figure out the limitations, you figure out the real opportunities. Also… The old “don’t put your eggs all in one basket” cliche applies. BUT… There’s an important caveat here that applies to those building the technology, rather than just passively investing. If you’re leveraging a unique skill that puts you at a unique advantage, fill that basket up and run. Fast. “It’s OK to have all your eggs in one basket,” said Elon Musk, “as long as you control what happens to that basket.” Also… Swami-like patience, taking the long-view, diversification, and being skeptical of short-term fads will put you at a massive advantage over the “average Joe.” The world has changed. More change is coming. But relax. You're not too late. Until tomorrow, [Chris Campbell] Chris Campbell For Altucher Confidential --------------------------------------------------------------- Warning: Will “Bidenflation” Destroy Your Retirement? [Click here for more...]( If you’re like most Americans, you’ve worked hard for decades to build your financial legacy. And now, as a result of Biden’s disastrous money printing policies, that’s all at risk. According to one top retirement expert, “Bidenflation” threatens to destroy your retirement and make your hard-earned savings worthless. That’s why you must take action right away to protect yourself… [Click here now to get the simple, step-by-step actions to survive “Bidenflation.”]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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