We live in an absolutely remarkable time! It's not just AI progressing at a furious pace and changing how we live! There are stunning advances and disruptive technologies in almost every field, from healthcare to construction. Most of you likely know of Clayton Christensen, the Harvard Business School professor who popularized the concept of disruptive innovation. While academics may debate the
If you are familiar with Nassim Taleb's writings, you have heard of the Lindy Effect. The longer something has lasted, the longer it will last. There is a great story about Mr. Taleb where he was asked about whether a Walmart should be allowed to be built at a certain location. He didn't maunder on about destroying the small businesses in the area. He pointed out that at some point the Walmart will go away and what will people do then? Ironically, Walmart is leaving Portland. What are they going to do then. The problem with disruptive technologies is that they fragilize things. More dependencies means collapse is more likely. There is a reason I don't shop in Portland.
The Disruption Tidal Wave--it's not just AI!
If you are familiar with Nassim Taleb's writings, you have heard of the Lindy Effect. The longer something has lasted, the longer it will last. There is a great story about Mr. Taleb where he was asked about whether a Walmart should be allowed to be built at a certain location. He didn't maunder on about destroying the small businesses in the area. He pointed out that at some point the Walmart will go away and what will people do then? Ironically, Walmart is leaving Portland. What are they going to do then. The problem with disruptive technologies is that they fragilize things. More dependencies means collapse is more likely. There is a reason I don't shop in Portland.
Thanks Rick!
I am not sure the Lindy Effect is applying to Silicon Valley Bank right now though!
Great Post Alex! Very exciting times to make the world a better place.