Mindset: Being Able To See Where Things Are Going
Many view things through the spectrum of impatience, what they know now, and how things were in the past. This is common sense since for much of our history things did not change a great deal. However, for those who really flourished in the last 20 years, things changed on many levels. This is only accelerating as the technologies we deal with are more powerful.
In this video I discuss how looking at things as they are now doesn't give us the best sense of what will happen down the road. There are a lot of avenues that innovation, creativity, and experimentation take us. This creates a lot of ebb and flows on the path to progress. I saw this situation play out with Tesla (it still is to a great degree).
▶️ 3Speak
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Knowing when to jump in on new technologies just important as knowing what technologies to invest in...
Kind of like me in blockchain technology. I definitely see this as a huge new window to the Future that is opening up
Without a doubt. Timing is just as important as which ones. A lot of technology is the right one but at the wrong time.
We saw this a number of times with VR.
And yes I think Blockchain is getting there.
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Here is to the Future and we will see what all happens with it
I think this is very true.
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It is an interesting and winding road.
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Of course mindset is very important. I don't understand why people are so fixated on short-term gains because you end up chasing the FOMO. I foresee the crypto space being the new standard for many things in the future.
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I admit being impatient at times. I could've a lot of money if only I have been patient. Those cryptos I earned might have made me rich.
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If predicting the future was easy everybody would do it, but you have to invest time and effort in order to see if something has real potential or not, and potential is not guaranteed to equal success
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It is true, things are changing exponentially, and we must be positive and keep up with the change. Sometimes we get frustrated because we don't see immediate results and we end up regretting not being consistent.
Summary:
In this video, Task discusses the importance of having a long-term vision and the patience required when it comes to investing, developing, creating, and innovating. He uses Tesla as an example to illustrate how people often underestimate the progress and potential of a project or company due to short-sightedness. Task emphasizes the need to understand that significant developments take time and that success does not happen overnight. He also touches on the growth of the EV market, cryptocurrencies like Dogecoin, and the evolution of technology over the years.
Detailed Article:
Task delves into the concept of mindset, focusing on the importance of looking beyond current circumstances and envisioning where things are headed. He shares his insights on Tesla, a stock he has been invested in for years, highlighting the company's journey and the skepticism it faced from critics. Despite the challenges and setbacks, Task emphasizes that embarking on significant projects involves unavoidable obstacles and failures.
The discussion shifts towards the technological landscape, with Task mentioning his interest in AI, EVs, and battery technology. He draws parallels between the development processes in various fields such as chemical engineering, mechanical engineering, and robotics to showcase the intricate nature of innovation. Task underlines the complexity of ventures like building an exascale computer and the challenges that come with such endeavors.
The conversation extends to the digital age and the instant gratification mindset prevalent in today's society. Task stresses the importance of understanding that progress takes time, using examples like the evolution of Facebook and Google to highlight the iterative nature of development. He cautions against expecting immediate results, pointing out that growth and success are gradual processes.
Task addresses the cryptocurrency market, particularly focusing on Dogecoin, and urges viewers to consider the long-term implications of investments. He emphasizes the significance of ongoing development and how building solid foundations leads to sustained growth. Task highlights the evolution of technology giants like Facebook and Apple, showcasing how continuous innovation drives their expansion and offerings.
In closing, Task reflects on Tesla's market performance, showcasing how short-sighted beliefs can lead to missed opportunities. He cautions against dismissing projects based on current shortcomings, stressing the importance of looking at the bigger picture and potential future advancements. The video encapsulates the essence of patience, vision, and persistence required for success in investing and development endeavors.