Think Like a Futurist
I once met a futurist. He was an interesting—albeit somewhat odd—fellow, and he’d crafted a career around long-term predictions and projections.
Frankly, I don’t remember a lot of the detail of what he said was likely to unfold in the years going forward. I do remember one thing he specifically mentioned.
He explained to me that his predictions were all based on close study of the past and, in particular, the present.
If you’re like most people, the arrival of 2017 has prompted you to start wondering about what lies ahead this year. You may have scanned the business weeklies and reviewed what stocks to watch, what industries are going to be hot in the next few months, and in the process you might be trying to discern where it could be profitable to put your money in the coming months.
But this year, instead of going for a short-term hit, I would encourage you to think like a futurist.
In a way it’s a lot easier than trying to guess where the ball is going to land in 2017. When you think like a futurist you’re taking a clear, mile-high look at where the world has been, where it is and where it’s going. This means you’re looking for long-term payoff.
I’m proud to say that my attempts to think like a futurist are why I’ve found such value in my more forward-thinking investments.
When I’ve really objectively studied where the world is moving, it’s become easy to recognize that ventures that are directly tied to sustainable practices promise growth. I’ve looked closely at the importance people place on environmental stewardship the world over. I’ve seen how business and public policy practices have responded to that, and how it’s exponentially expanded in terms of global awareness.
In the process I’ve looked to see where the opportunities are available for investments that are intelligently and practically drawing from that history and that awareness.
Likewise, my interests in biotech investments are a result of logically looking at how the field at large has evolved, what the public wants and needs from it, and just what things appear to be approaching those needs. And that’s where the money is in the long term for a wise investor.
Fortunately futurism isn’t rocket science, but it’s an exercise in clear-headed logic. The signposts—the answers, if you will—for what long-term investment trends promise to truly pay off are already right in front of us. Our challenge remains looking for them objectively and dispassionately.
This year I encourage you to avoid the quick fix and observe where to put your money long-term so it’ll really pay off.
You’ll thank me in the future.