Showing posts with label Count. Show all posts
Showing posts with label Count. Show all posts

Thursday, April 06, 2023

Counting and being Counted

The easiest problems to tackle are the ones that focus on things that you can count. If you can count something, it is easier to control. STEM subjects (Science, Technology, Engineering, and Mathematics), all revolve around things that you can count. Science also provides a framework for experimentation and research. There is a process of trial and error. Physics, chemistry, biology, biology, technology, and computer engineering (for example), tend to make it easier to find jobs because it is easier to specify problems. 

In product development, you have a “Product Specification” which identifies what the problem is and maps out the intended solution. If it is easy to put something into words and numbers, it is easier to communicate. It is easier to get funding for problems where you can explain how you can make a profit. When it is clear the act of solving the problem can finance itself. As soon as something is qualitative, it is much harder to explain what the benefits are. Because it is not necessarily tangible. It may be something we feel, and we may feel differently about what is valuable. 

Not every good idea is a good business idea. 

If an idea is a good idea, but it very difficult (and not desirable) to create barriers around it to monetize, then it becomes a passion project. It can still be something that gives your life meaning and gives others meaning. But in order to make it happen, the problem requires resources. You need to find funding. 

It might be government funding. It might be grants. There might be someone willing to give you money, but that's a whole different world. That's a world where you learn to do fundraising. To convince people that art/service/change is good. That ceases to be about some key numbers. It becomes storytelling. You need to be able to convey information in a way that grabs someone. 

You need a decision-maker who is willing to give you money. 

Part of acceptance is why you are doing what you are doing. Coming down to the nitty gritty of what drives you. What are your incentives? What's the bigger plan? What's driving your daily practice? What are you going towards? 

Quite often we don't choose that, because we are just on a set path that is given to us by others. That path comes through comparison and relativity. You start looking at friends and family and building towards what is expected. Maybe it's a bigger house. Maybe it is expenses related to children’s education. It might even be that your chosen job has a natural progression. The better you are at your job, you get promotions and raises. We don't necessarily find something that works for us and build mastery around it. We want to see conspicuous evidence of progress. 

We need to unpack what we mean by progress. 

In its historical context. Is it a cultural thing? Is it controlling nature? Is it controlling our environment? Is it something we have to rethink? Given challenges like climate change and sustainability. Do we need to come up with different measures that aren't so focused on the numbers and social mobility? 

The world is getting progressively (but bumpily) less racist, sexist, homophobic, and classist. We are breaking down barriers, but we still have hierarchy. The concept of people being better and lifting groups of people. The directionality of that is interesting because living a simple life can be a choice. There is a story of Alexander the Great out empire building and he comes across a sage sitting on a rock. The one doing external work. The other doing internal work. The Gini Coefficient measures inequality. A Gini of Zero (0) in a two-person world would mean Alexander and the Yogi had the same. One (1) would mean Alexander had it all. If we shared everything, there would be no incentive to get more because it would immediately be watered down (particularly if it was among the 7.8 billion people on the planet). 

We want to have a sense of reward for what we do. Conspicuous reward. Well done, here’s a gold star. Here’s some money. That’s how we do incentivization. You do something. You get measured against other people. You do something more. Understanding what we do, starts with understanding what incentivizes us. If we are going to plot *how* we do what we do, we need to understand *why* we do what we do.

Alexander the "Great"
What is Greatness?


Thursday, January 27, 2022

Beautiful or Thorny

It can be dangerous to try count things that can’t be counted. Sometimes the answer is “we don’t, and can’t, know”. Sometimes the answer is qualitative. 

You can wrestle with beautiful or thorny questions through first-hand, on-the-ground, stories that don’t scale. You can soak, chew, listen, and be influenced but you cannot weigh, measure, rank, and sort. 

Many people will impose frameworks that have worked for them in one area, in another. Like the investment analyst who thinks you can apply an investment process to everything. Then ESG (Environmental, Social, and Corporate Governance) or Philanthropy come along, and instead of using wholly different tools... the spreadsheets get whipped out. 

In investing, the decision ultimately boils down to buy or sell. With a lot of issues that matter... it is vastly more complicated than that. The rules of money simply don’t apply to many of the decisions we want to make. 

Yet they often still require financing. They still require capital to be allocated to them. The temptation that needs to be resisted is to force everything to become a business. Where how something needs to be financed is the key driver of the identity of what something is. 

Instead of having the wisdom to sort between things that can (and should) make money, and things that make a meaningful life.

Thursday, June 04, 2020

Uncontrollable


I have always envied Hole Diggers. Someone whose job it is to dig 6 holes. They dig 8, drop the mic, and leave work early. The ask and offer is incredibly clear. I used to love Maths at school. Yes, Mrs Chick used to tease me about going via Cape Town to a solution, but it was either right or wrong. And she could show me the short cuts. Mr Lichkus and I would go head to head in epic battles in the Art Room. I had to lean into chaos. I once let my classmates have an hour to do whatever they wanted to my piece. Flames and burnt plastic followed. As I coughed and sneezed black stuff from my nose during the next period in English class (similarly ambiguous), I did have a break through on reflection. Much harder won. In the Investment world people pretend it’s maths. That their track record points to their success. Except when that track record disappears. Then it is church, or art class, or English. Anything with wiggle room. Ambiguity provides space for BS. It also provides space for beauty. In the eye of the beholder, and in the control of the beholden.


Fire and Earth

Friday, May 29, 2020

Beyond You


Financial Yoga recognises that not all ideas are good business ideas. You can’t always define yourself in the way you truly want to if you insist on packaging “that” (you) as a business idea. Most people have to be their initial source. They have to personally take on the role of Productive Asset, and figure out a way to generate an income. There are lots of things that are of incredible value that are awful business ideas. Start by accepting that. You have to articulate an Ask/Offer. Not everything can be expressed in words. You have to have something you can count. Not everything can be counted. There has to be some control over supply and demand. Some things of incredible value are abundant. The random cards you have been dealt (talents, wiring, community, world view) can be tweaked with a lot of effort. With daily practice. Gradually you can release the obstacles that define you. You can free yourself from the constraints of what makes you a good business. You can start to look at what makes a good business (beyond you). You can use good businesses to power good ideas. Expanding your possibilities.