Exponential Money Quotes

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HONESTY COMPOUNDS. It compounds exponentially. No matter what happens in your bank account, in your career, in your promotions, in your startups. Honesty compounds exponentially, not over days or weeks, but years and decades. More people trust your word and spread the news that you are a person to be sought out, sought after, given opportunity, given help, or given money. This is what will build your empire.
James Altucher (Choose Yourself)
Investing is a special thing. In terms of functionality, almost anyone can invest. But in terms of achieving the results of long-term profit and sustainable growth, only some people have the talent or skill sets for that. It’s like baseball for example… anyone can swing a bat at a ball. But only a few people make it to the big league, and even fewer become world champs. These days there are so many apps and platforms for individual investing, but that doesn’t mean everyone is achieving good results or ROI. There are great investors, good investors, and bad investors. A professional investor can achieve exponential growth and profit. A professional investor understands markets and industries and can account for both the traditional and the new.
Hendrith Vanlon Smith Jr.
Investing is a special thing. In terms of functionality, almost anyone invest. But in terms of achieving the results of long-term profit and sustainable growth, only some people have the talent or skill sets for that. It’s like baseball for example… anyone can swing a bat at a ball. But only a few guys make it to the big league, and even fewer become world champs. These days there are so many apps and platforms for individual investing, but that doesn’t mean everyone is achieving the same results. There are great investors, good investors, and bad investors. A professional investor can achieve exponential growth and profit. A professional investor understands markets and industries and can account for both the traditional and the new.
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
By far the biggest leverage point in any business is marketing. If you get 10% better at marketing, this can have an exponential or multiplying effect on your bottom line.
Allan Dib (The 1-Page Marketing Plan: Get New Customers, Make More Money, And Stand out From The Crowd)
The more legal and material hindrances women have broken through, the more strictly and heavily and cruelly images of female beauty have come to weigh upon us...During the past decade, women breached the power structure; meanwhile, eating disorders rose exponentially and cosmetic surgery became the fastest-growing specialty...pornography became the main media category, ahead of legitimate films and records combined, and thirty-three thousand American women told researchers that they would rather lose ten to fifteen pounds than achieve any other goal...More women have more money and power and scope and legal recognition than we have ever had before; but in terms of how we feel about ourselves physically, we may actually be worse off than our unliberated grandmothers.
Naomi Wolf
One of the great paradoxes is that the missionaries end up making more money than the mercenaries anyway.
Peter H. Diamandis (Bold: How to Go Big, Create Wealth and Impact the World (Exponential Technology Series))
This is the basis of the principle of Syntropy - the mechanics of collective prosperity, whereby the total energy (or money) through a system is exponentially increased through an ideal rooted in a higher level of consciousness.
Richard Rudd (The 64 Ways: Personal Contemplations on the Gene Keys)
Money must follow Perpetual Exponential Quantitative Growth. I call it PEQG for short. Most people simply call it Growth but that is as misleading as calling a nuclear bomb a large firecracker. PEQG is a monster, overruling all other laws. That monster, cleverly wrapped in layers of concepts, happens to be the founding principle of Modern Economics.
Mansoor Khan (The Third Curve: The End of Growth as we know it)
Bitcoin today, and all of the currencies that are built using that recipe, are at the same stage that the internet was in 1992. Only now we have the internet, and so the rate of exponential growth has already started. The innovation is growing at an astonishing rate. I spend every single day, full-time, trying to keep up with bitcoin and it’s almost impossible. ​
Andreas M. Antonopoulos (The Internet of Money Volume Two)
It’s so hard to catch something that everybody already knows is hot,” says Bezos. “Instead, position yourself and wait for the wave to come to you. So then you ask, Position myself where? Position yourself with something that captures your curiosity, something that you’re missionary about. I tell people that when we acquire companies, I’m always trying to figure out: Is this person who leads this company a missionary or a mercenary? The missionary is building the product and building the service because they love the customer, because they love the product, because they love the service. The mercenary is building the product or service so that they can flip the company and make money. One of the great paradoxes is that the missionaries end up making more money than the mercenaries anyway. And so pick something that you are passionate about, that’s my number one piece of advice.
Peter H. Diamandis (Bold: How to Go Big, Create Wealth and Impact the World (Exponential Technology Series))
Why is networking not working? My answer is simple. Many business owners don’t have a system in place to leverage their networking. Their time, effort and money spirals down the drain because they lack follow up. Instead of returning to your office, checking the email, and losing that business card in a graveyard box of business cards, continue connecting with your new acquaintance. One basic tip: Connect on social media within two days of meeting them. Personalize your message to them reminding them where you met. When you add this step, watch as your network expands exponentially.
Lisa A. Mininni
While a 10x improvement is gargantuan, Teller has very specific reasons for aiming exactly that high. “You assume that going 10x bigger is going to be ten times harder,” he continues, “but often it’s literally easier to go bigger. Why should that be? It doesn’t feel intuitively right. But if you choose to make something 10 percent better, you are almost by definition signing up for the status quo—and trying to make it a little bit better. That means you start from the status quo, with all its existing assumptions, locked into the tools, technologies, and processes that you’re going to try to slightly improve. It means you’re putting yourself and your people into a smartness contest with everyone else in the world. Statistically, no matter the resources available, you’re not going to win. But if you sign up for moonshot thinking, if you sign up to make something 10x better, there is no chance of doing that with existing assumptions. You’re going to have to throw out the rule book. You’re going to have to perspective-shift and supplant all that smartness and resources with bravery and creativity.” This perspective shift is key. It encourages risk taking and enhances creativity while simultaneously guarding against the inevitable decline. Teller explains: “Even if you think you’re going to go ten times bigger, reality will eat into your 10x. It always does. There will be things that will be more expensive, some that are slower; others that you didn’t think were competitive will become competitive. If you shoot for 10x, you might only be at 2x by the time you’re done. But 2x is still amazing. On the other hand, if you only shoot for 2x [i.e., 200 percent], you’re only going to get 5 percent and it’s going to cost you the perspective shift that comes from aiming bigger.” Most critically here, this 10x strategy doesn’t hold true just for large corporations. “A start-up is simply a skunk works without the big company around it,” says Teller. “The upside is there’s no Borg to get sucked back into; the downside is you have no money. But that’s not a reason not to go after moonshots. I think the opposite is true. If you publicly state your big goal, if you vocally commit yourself to making more progress than is actually possible using normal methods, there’s no way back. In one fell swoop you’ve severed all ties between yourself and all the expert assumptions.” Thus entrepreneurs, by striving for truly huge goals, are tapping into the same creativity accelerant that Google uses to achieve such goals. That said, by itself, a willingness to take bigger risks
Peter H. Diamandis (Bold: How to Go Big, Create Wealth and Impact the World (Exponential Technology Series))
A large brand will typically spend between 10 and 20 percent of their media buy on creative,” DeJulio explains. “So if they have a $500 million media budget, there’s somewhere between $50 to $100 million going toward creating content. For that money they’ll get seven to ten pieces of content, but not right away. If you’re going to spend $1 million on one piece of content, it’s going to take a long time—six months, nine months, a year—to fully develop. With this budget and timeline, brands have no margin to take chances creatively.” By contrast, the Tongal process: If a brand wants to crowdsource a commercial, the first step is to put up a purse—anywhere from $50,000 to $200,000. Then, Tongal breaks the project into three phases: ideation, production, and distribution, allowing creatives with different specialties (writing, directing, animating, acting, social media promotion, and so on) to focus on what they do best. In the first competition—the ideation phase—a client creates a brief describing its objective. Tongal members read the brief and submit their best ideas in 500 characters (about three tweets). Customers then pick a small number of ideas they like and pay a small portion of the purse to these winners. Next up is production, where directors select one of the winning concepts and submit their take. Another round of winners are selected and these folks are given the time and money to crank out their vision. But this phase is not just limited to these few winning directors. Tongal also allows anyone to submit a wild card video. Finally, sponsors select their favorite video (or videos), the winning directors get paid, and the winning videos get released to the world. Compared to the seven to ten pieces of content the traditional process produces, Tongal competitions generate an average of 422 concepts in the idea phase, followed by an average of 20 to 100 finished video pieces in the video production phase. That is a huge return for the invested dollars and time.
Peter H. Diamandis (Bold: How to Go Big, Create Wealth and Impact the World (Exponential Technology Series))
These practical and cultural challenges are further complicated if the illness is too invisible or too conspicuous. Further still if it makes others uncomfortable or if it requires specialized equipment or rare expertise. The complications increase exponentially for those who do not have the emotional and financial support systems that I enjoy, those, for example, who navigate the labyrinthian regulations of federal disability programs, where funding can be stripped away for such missteps as finding someone you wish to marry or saving too much money. Our legal policies surrounding disability funding carry a clear message. If you need your civilization’s help to stay afloat while disabled, you must be careful to live in the abject poverty society feels you deserve or the help you need will be withheld. Such is our cultural love of billable productivity and our general disdain for everything else. It’s a concept that many of us internalize without a second thought. Our worth is our productivity.
Jarod K. Anderson (Something in the Woods Loves You)
Her problem was that she thought too much- “toxic thinking” and so forth- so she tried to stop, but a physical sensation of exertion remained. Was it her fault that her husband made more money? That it made more sense for her to quit her job than for him to quit his? Was it her fault that he was always gone, rendering her a de facto single mom for the majority of the week? Was it her fault that she found playing trains really, really boring? That she longed for even the smallest bit of mental stimulation, for a return to her piles of books, to her long-abandoned closet of half-formed projects, to one entire afternoon of solitude and silence? Was it her fault that, though she longed for mental stimulation, she still found herself unable to concoct a single, original thought or opinion? She did not actually care about anything anymore. Politics, art, philosophy, film: all boring. She craved gossip and reality TV. Was it her fault that she hated herself for her preference for reality TV? Was it her fault that she had bought into the popular societal myth that if a young woman merely secured a top-notch education she could then free herself from the historical constraints of motherhood, that if she simply had a career she could easily return to work after having a baby and sidestep the drudgery of previous generations, even though having a baby did not, in any way, represent a departure from work to which a woman might, theoretically, one day return. It actually, instead, marked an immersion in work, and unimaginable weight of work, a multiplication of work exponential in its scope, staggering, so staggering, both physically and psychically (especially psychically), that even the most mentally well person might be brought to her knees beneath such a load, a load that pitted ambition against biology, careerism against instinct, that bade the modern mother be less of an animal in order to be happy, because- come on, now- we’re evolved and civilized, and, really, what is your problem? Pull it together. This is embarrassing.
Rachel Yoder (Nightbitch)
Yet a much more fundamentally political dimension of the socially constructed nature of capital - nothing less than the specification of a parallel universe with its own natural laws and rules for the physical existence and subsistence of financial capital and its interaction with the other factors of production - has also often been overlooked in contemporary academic literature. Under the current monetary arrangements financial capital is a peculiar creature indeed. Money can be created ex nihilo at the stroke of a pen - or a keyboard - by a specific type of legal person entrusted with the task, not other legal or natural person. With the socially constructed ability to attract compound interest in a world where physical assets rot and break, it does not share the same physical reality with the mere mortal factors of production: even in cases where productive investments which enable the payment of interest in real terms can be identified, the compounding of interest on financial capital is not temporally limited to the period that the relevant physical assets can continue to produce exponential returns in real terms. Rather than representing accumulated wealth that could be "saved" to finance investment, the bulk of money disappears as soon as other factors of production are not willing to pay a tribute to induce its continuing circulation in the form of interest payments. In addition to the inherently political nature of specifications of money have been detached from virtually any substantive connection to the rules or the realities experienced by other factors of production in the physical world that is nonetheless supposed to achieve economic efficiency and a host of other objectives through monetary calculation and monetarily mediated social relationships deserves particular scrutiny.
Tero Auvinen (On Money)
intelligence. This is not surprising because our present computers are less complex than the brain of an earthworm, a species not noted for its intellectual powers. But computers roughly obey a version of Moore’s Law, which says that their speed and complexity double every eighteen months. It is one of these exponential growths that clearly cannot continue indefinitely, and indeed it has already begun to slow. However, the rapid pace of improvement will probably continue until computers have a similar complexity to the human brain. Some people say that computers can never show true intelligence, whatever that may be. But it seems to me that if very complicated chemical molecules can operate in humans to make them intelligent, then equally complicated electronic circuits can also make computers act in an intelligent way. And if they are intelligent they can presumably design computers that have even greater complexity and intelligence. This is why I don’t believe the science-fiction picture of an advanced but constant future. Instead, I expect complexity to increase at a rapid rate, in both the biological and the electronic spheres. Not much of this will happen in the next hundred years, which is all we can reliably predict. But by the end of the next millennium, if we get there, the change will be fundamental. Lincoln Steffens once said, “I have seen the future and it works.” He was actually talking about the Soviet Union, which we now know didn’t work very well. Nevertheless, I think the present world order has a future, but it will be very different. What is the biggest threat to the future of this planet? An asteroid collision would be—a threat against which we have no defence. But the last big such asteroid collision was about sixty-six million years ago and killed the dinosaurs. A more immediate danger is runaway climate change. A rise in ocean temperature would melt the ice caps and cause the release of large amounts of carbon dioxide. Both effects could make our climate like that of Venus with a temperature of 250 degrees centigrade (482 degrees Fahrenheit). 8 SHOULD WE COLONISE SPACE? Why should we go into space? What is the justification for spending all that effort and money on getting a few lumps of moon rock? Aren’t there better causes here on Earth? The obvious answer is because it’s there, all around us. Not to leave planet Earth would be like castaways on a desert island not trying to escape. We need to explore the
Stephen Hawking (Brief Answers to the Big Questions)
Our philosophy is that the things that people use often are really important to them and we think that over time, you can make money from those things.43
Peter H. Diamandis (Bold: How to Go Big, Create Wealth and Impact the World (Exponential Technology Series))
This is what happened when I cofounded LinkedIn. The key business model innovations for LinkedIn, including the two-way nature of the relationships and filling professionals’ need for a business-oriented online identity, didn’t just happen organically. They were the result of much thought and reflection, and I drew on the experiences I had when founding SocialNet, one of the first online social networks, nearly a decade before the creation of LinkedIn. But life isn’t always so neat. Many companies, even famous and successful ones, have to develop their business model innovation after they have already commenced operations. PayPal didn’t have a business model when it began operations (I was a key member of the PayPal executive team). We were growing exponentially, at 5 percent per day, and we were losing money on every single transaction we processed. The funny thing is that some of our critics called us insane for paying customers bonuses to refer their friends. Those referral bonuses were actually brilliant, because their cost was so much lower than the standard cost of acquiring new financial services customers via advertising. (We’ll discuss the power and importance of this kind of viral marketing later on.) The insanity, in fact, was that we were allowing our users to accept credit card payments, sticking PayPal with the cost of paying 3 percent of each transaction to the credit card processors, while charging our users nothing. I remember once telling my old college friend and PayPal cofounder/ CEO Peter Thiel, “Peter, if you and I were standing on the roof of our office and throwing stacks of hundred-dollar bills off the edge as fast as our arms could go, we still wouldn’t be losing money as quickly as we are right now.” We ended up solving the problem by charging businesses to accept payments, much as the credit card processors did, but funding those payments using automated clearinghouse (ACH) bank transactions, which cost a fraction of the charges associated with the credit card networks. But if we had waited until we had solved this problem before blitzscaling, I suspect we wouldn’t have become the market leader.
Reid Hoffman (Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies)
Too many marketers have allowed themselves to become intimidated by those who would have us believe that marketing is disreputable, money is dirty, business is sleazy, persuasion is manipulative, and promotion is deceptive. I’m sick and tired of hearing that marketing is hype. Unfortunately, however, the disdain with which some people view marketing is understandable. There is a tremendous amount of hype and manipulation. Too many marketers still view the marketplace narcissistically, from the perspective of their own companies and products, not from that of the customer. They think they are looking from the customer’s point of view, but they are really just looking at the customer.
George Silverman (The Secrets of Word-of-Mouth Marketing: How to Trigger Exponential Sales Through Runaway Word of Mouth)
Too many marketers have allowed themselves to become intimidated by those who would have us believe that marketing is disreputable, money is dirty, business is sleazy, persuasion is manipulative, and promotion is deceptive. I’m sick and tired of hearing that marketing is hype. Unfortunately, however, the disdain with which some people view marketing is understandable. There is a tremendous amount of hype and manipulation. Too many marketers still view the marketplace narcissistically, from the perspective of their own companies and products, not from that of the customer. They think they are looking from the customer’s point of view, but they are really just looking at the customer. They are like the person who looks like he is intently listening to you, but you realize he’s just waiting for an opening to make his point.
George Silverman (The Secrets of Word-of-Mouth Marketing: How to Trigger Exponential Sales Through Runaway Word of Mouth)
Focused word of mouth from the right sources in the right sequence at the right level in the right form at the right pace is going to lead them through a very easy-to-make series of decisions, without wasting time, effort, and money.
George Silverman (The Secrets of Word-of-Mouth Marketing: How to Trigger Exponential Sales Through Runaway Word of Mouth)
By asking other people what their experiences were with a product and by asking them for their recommendations, we can access a vast amount of experience without having to spend time, money, or effort—or take the risks that we would by doing it on our own. So, we not only ask what product is best, but we ask, “What was your experience?” What should we watch out for and what tricks and tips should we follow? How can we best try it, fix it, and teach others to use it? Who has the best prices and delivery? Who is honest? All of this saves a tremendous amount of time. We could never function in the modern world without sharing experiences through word of mouth.
George Silverman (The Secrets of Word-of-Mouth Marketing: How to Trigger Exponential Sales Through Runaway Word of Mouth)
Clinton stated in a secret 2009 paper that groups like al-Qaeda and the Taliban were funded by donors in Gulf States, especially Saudi Arabia. Secretary Clinton wrote about Saudi Arabia becoming a “financial support” base for terror groups fighting American soldiers in Iraq and Afghanistan. She urged diplomats to intensify their efforts in curbing money from Saudi Arabia and Gulf nations going to militant groups in Pakistan and Afghanistan. She also wrote that Saudi Arabia was a “significant source” of funding to extremist Sunni groups around the globe. Secretary Clinton, in a rare display of caution regarding the flow of money from powerful Middle Eastern nations to groups directly opposed to the U.S., clearly expressed the need to end the funding of terror groups. However, the Clinton Foundation still accepted around $20 million from the Kingdom of Saudi Arabia, despite the knowledge Clinton displayed regarding its role in funding Sunni extremist groups. Rather than refrain from accepting money from the same nation funding certain enemies abroad, Clinton looked the other way, and eventually gave them more weapons than even the Bush Administration. Saudi Arabia was one of the countries that received an exponential increase in weapons shipments during Clinton’s tenure as Secretary of State. They were also one of the countries that donated millions to the Clinton Foundation. This blatant conflict of interest is completely overlooked by many, even though American soldiers are still fighting Sunni extremist groups funded by the same nations who’ve donated to the Clinton Foundation.
H.A. Goodman (BUT HER DELETED EMAILS: Haiti, The Clinton Foundation, Possible Treason and 33,000 Deleted Emails (But Her Emails Series Book 2))
The major difference between trust and other tangible or intangible resources used by companies is that trust is required for any type of economic activity, whether or not a business is aware of it. Trying to achieve economic gain with¬out accounting for trust is like trying to print your own money and convincing retailers to accept it as a form of payment.
Philipp Kristian Diekhöner (The Trust Economy: Building strong networks and realising exponential value in the digital age)
Morningstar Exponential Technologies Index. BlackRock promptly licensed the index and in March 2015 launched the iShares Exponential Technologies ETF (ticker symbol: XT) based on it.
Ric Edelman (The Truth About Your Future: The Money Guide You Need Now, Later, and Much Later)
Many skills make for an effective minister, but there is one without which everything else we do is useless: make disciples. Apart from that, all the money we raise, buildings we build, ministries we organize, sermons we preach and songs we write won’t move the mission forward. Without that one thing, we fail.
J.D. Greear (Gaining By Losing: Why the Future Belongs to Churches that Send (Exponential Series))
Growth was running at 40 percent per month, but what was more impressive was the motor that was driving it. Unlike Yahoo, which was pouring money into marketing, eBay’s marketing budget was zero. Its hectic expansion was instead propelled by Metcalfe’s law: as the size of its auction network grew, its value rose exponentially. The more sellers listed stuff on eBay, the more bargain hunters were drawn to the site; the more buyers there were, the more sellers turned to it.
Sebastian Mallaby (The Power Law: Venture Capital and the Making of the New Future)
The equations showed that the answer depends on how similar the oscillators are. If they’re identical, or nearly so, I found that the disturbances grow exponentially fast as oscillators clump together in phase, in an embryonic form of sync. Then out popped a formula for the exponential growth rate (analogous to the interest rate for how fast your money compounds in the bank). No one had ever found such a formula before.
Steven H. Strogatz (Sync: How Order Emerges From Chaos In the Universe, Nature, and Daily Life)
The best on horses you think will lose are a valuable "insurance policy." When rare disaster strikes, you'll be glad you had the insurance. 71 The exponential growth of wealth in the Kelly system is also a consequence of proportional betting. As the bankroll grows, make larger bets. 98 [2 questions are central to John Kelly's analysis] What level of risk will lead to the highest long-run return? What is the chance of losing everything? 286 As Fred Schwed, Jr. author of Where are the Customer's Yatchs? put it back in 1940, "Like all of life's rich emotional experiences, the full flavor of losing important money cannot be conveyed in literature." 304 Claude Shannon: A smart investor should understand where he has an edge and invest only in those opportunities. 308 The longer you hold a stock, the harder it is to beat the market by much. 316
William Poundstone (Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street)
In a world without constraints, most people take their time on projects and assume far fewer risks, while spending as much money as you’ll give them. They try to reach their goals in comfortable and conservative ways—which, of course, leads nowhere new.
Peter H. Diamandis (Bold: How to Go Big, Create Wealth and Impact the World (Exponential Technology Series))
In 2011, Insurance giant Allstate, with forty of the best actuaries and data scientists money could buy, wanted to see if its claims algorithm could be improved upon, so it ran a contest on Kaggle.
Salim Ismail (Exponential Organizations: Why new organizations are ten times better, faster, and cheaper than yours (and what to do about it))
You can’t outgive God. Not with money, not with leadership talent, not with anything.
J.D. Greear (Gaining By Losing: Why the Future Belongs to Churches that Send (Exponential Series))
Suppose that we believe that in 200 years, people would be prepared to pay a million dollars (that's in today's dollars, not inflated ones) to be able to have an unspoilt valley. Now imagine that today we can profit by cutting down the forest in the valley, which will never regrow. If we apply an annual discount rate of 5 percent, compounded exponentially, how big would that profit have to be to justify the loss of a million dollars in 2210? The answer, surprisingly, is just sixty dollars! That's all that a million dollars in 200 years is worth, at that rate of discount. Obviously, then, if we use a 5 percent discount rate, values gained one thousand years in the future scarcely count at all. This is not because of any uncertainty about whether there will be human beings or other sentient creatures inhabiting this planet at that time, but merely because of the compounding effect of the rate of return on money invested now.
Peter Singer (Practical Ethics)
How should you go about claiming your award money? There are two possible directions to take. You can try to prove that P = NP or you can aim to show that P is not equal to NP. To show that P = NP, all you have to do is take one of your favorite NP-Complete problems and find a polynomial algorithm that solves it. As we have seen, if you do find such an algorithm, then all NP problems will be solvable in a polynomial amount of operations. It might seem strange to think that a problem that demands an exponential or factorial amount of operations can be done in a polynomial amount of operations. It might seem strange to think that a problem that demands an exponential or factorial amount of operations can be done in a polynomial amount of operations. However, we saw something similar with the Euler Cycle Problem. Rather than look through all n! possible cycles to see if any are Euler cycles, we used the trick of checking if the number of edges touching each vertex is even or not. Does a similar trick for the Hamiltonian Cycle Problem exist? For many years, the smartest people around have been looking for such a trick or algorithm and have not been successful. However, you might possess some deeper insight that they lack. Get to it! On the other hand, you can try to show that P is not equal to NP. One way to do this is to take an NP problem and show that no polynomial algorithm exists for it. It so happens that it is very hard to prove such a claim: there are a lot of algorithms out there. This has turned out to be one of the hardest problems in mathematics. As a final hint, it should be noted that most researchers believe that P is not equal to NP.
Noson S. Yanofsky (The Outer Limits of Reason: What Science, Mathematics, and Logic Cannot Tell Us)
In 1992, as we sought to establish our permanent terrestrial campus, we put out an RFP (request for proposals) that basically said, “Hi there, we’re ISU. We have this concept for a permanent campus. We’ve held five summer programs in five different cities, and this is our vision for what we want to create and where we want to go. Please tell us how much cash endowment, buildings, and operational money you will give us to bring our vision to your city.” Had we gotten no response at all, I would not have been surprised. But that wasn’t the case. Within six months, we received seven proposals ranging from $20 million to $50 million in funding, buildings, faculty, equipment, and even the promise of accreditation. In short, everything we needed to implement the next phase of ISU.
Peter H. Diamandis (Bold: How to Go Big, Create Wealth and Impact the World (Exponential Technology Series))
Risk of Financial Leverage This risk of loss increases exponentially when we add any form of financial leverage, i.e. borrowing money to invest.
David Schneider (The 80/20 Investor: How to Simplify Investing with a Powerful Principle to Achieve Superior Returns)
Because we bump into reinforcing loops so often, it is handy to know this shortcut: The time it takes for an exponentially growing stock to double in size, the “doubling time,” equals approximately 70 divided by the growth rate (expressed as a percentage). Example: If you put $100 in the bank at 7% interest per year, you will double your money in 10 years (70 ÷ 7 = 10). If you get only 5% interest, your money will take 14 years to double.
Donella H. Meadows (Thinking In Systems: A Primer)
Self-improvement is the ultimate form of investing in oneself. It requires devoting time, money, attention, and hard effort now for a payoff later, sometimes in the far distant future. A lot of people are unwilling to make this trade-off because they crave instant gratification and desire instant results. These short-term costs, when applied the right way along an axis of time, offer an exponential payoff when applied over a long life
Gautam Baid (Joys Of Compounding: The Passionate Pursuit of Lifelong Learning)
Donors will be exponentially more likely to grant you power if you ask their permission to engage. They expect to have the power to reject you first. They want the opportunity to opt in or opt out of the conversation. Why not give it to them?
Greg Warner (Engagement Fundraising: How to raise more money for less in the 21st century)
Disruption of societies and human lives by new technologies is an old story. Agriculture, gunpowder, steel, the car, the steam engine, the internal-combustion engine, and manned flight all forced wholesale shifts in the ways in which humans live, eat, make money, or fight each other for control of resources. This time, though, Moore’s Law is leading the pace of change and innovation to increase exponentially.
Vivek Wadhwa (The Driver in the Driverless Car: How Your Technology Choices Create the Future)
P2 - We are well on the way in a number of areas. Both billionaires and big Pharma are getting increasingly interested and money is starting to pour into research because it is clear we can see the light at the end of the tunnel which to investors equates to return on investment. Numerous factors will drive things forward and interest and awareness is increasing rapidly among both scientists, researchers and the general population as well as wealthy philanthropists. The greatest driving force of all is that the baby boomers are aging and this will place increasing demands on healthcare systems. Keep in mind that the average person costs more in medical expenditure in the last year of their life than all the other years put together. Also, the number of workers is declining in most developed countries which means that we need to keep the existing population working and productive as long as possible. Below are a list which are basically all technologies potentially leading to radical life extension with number 5 highlighted which I assume might well be possible in the second half of the century: 1. Biotechnology - e.g stem cell therapies, enhanced autophagy, pharmaceuticals, immunotherapies, etc 2. Nanotechnology - Methods of repairing the body at a cellular and molecular level such as nanobots. 3. Robotics - This could lead to the replacement of increasing numbers of body parts and tends to go hand in hand with AI and whole brain emulation. It can be argued that this is not life extension and that it is a path toward becoming a Cyborg but I don’t share that view because even today we don’t view a quadriplegic as less human if he has four bionic limbs and this will hold true as our technology progresses. 4. Gene Therapies - These could be classified under the first category but I prefer to look at it separately as it could impact the function of the body in very dramatic ways which would suppress genes that negatively impact us and enhance genes which increase our tendency toward longer and healthier lives. 5. Whole brain emulation and mindscaping - This is in effect mind transfer to a non biological host although it could equally apply to uploading the brain to a new biological brain created via tissue engineering this has the drawback that if the original brain continues to exist the second brain would have a separate existence in other words whilst you are identical at the time of upload increasing divergence over time will be inevitable but it means the consciousness could never die provided it is appropriately backed up. So what is the chance of success with any of these? My answer is that in order for us to fail to achieve radical life extension by the middle of the century requires that all of the above technologies must also fail to progress which simply won't happen and considering the current rate of development which is accelerating exponentially and then factoring in that only one or two of the above are needed to achieve life extension (although the end results would differ greatly) frankly I can’t see how we can fail to make enough progress within 10-20 years to add at least 20 to 30 years to current life expectancy from which point progress will rapidly accelerate due to increased funding turning aging at the very least into a manageable albeit a chronic incurable condition until the turn of the 22nd century. We must also factor in that there is also a possibility that we could find a faster route if a few more technologies like CRISPR were to be developed. Were that to happen things could move forward very rapidly. In the short term I'm confident that we will achieve significant positive results within a year or two in research on mice and that the knowledge acquired will then be transferred to humans within around a decade. According to ADG, a dystopian version of the post-aging world like in the film 'In Time' not plausible in the real world: "If you CAREFULLY watch just the first
Aubrey de Grey
The thing about growth is that it sounds so good. It’s a powerful metaphor that’s rooted deeply in our understanding of natural processes: children grow, crops grow … and so too the economy should grow. But this framing plays on a false analogy. The natural process of growth is always finite. We want our children to grow, but not to the point of becoming 9 feet tall, and we certainly don’t want them to grow on an endless exponential curve; rather, we want them to grow to a point of maturity, and then to maintain a healthy balance. We want our crops to grow, but only until they are ripe, at which point we harvest them and plant afresh. This is how growth works in the living world. It levels off. The capitalist economy looks nothing like this. Under capital’s growth imperative, there is no horizon – no future point at which economists and politicians say we will have enough money or enough stuff. There is no end, in the double sense of the term: no maturity and no purpose. The unquestioned assumption is that growth can and should carry on for ever, for its own sake. It is astonishing, when you think about it, that the dominant belief in economics holds that no matter how rich a country has become, their GDP should keep rising, year after year, with no identifiable end point. It is the definition of absurdity. We do see this pattern playing out in nature, sometimes, but only with devastating consequences: cancer cells are programmed to replicate for the sake of replicating, but the result is deadly to living systems.
Jason Hickel (Less is More: How Degrowth Will Save the World)
A system that relied on these kinds of promises and deliveries to feed 10,000 people also must have required long-range planning over long time periods. For a city to sustain itself, it takes more than a year-by-year distribution system. How will you make sure, for example, that there will be sufficient meat to feed the city next year? To solve a problem like this, the planner needs to balance current consumption against the rate that flocks and herds replenish themselves. This is a financial problem. A flock of sheep left to itself (and with plenty of pasture) will grow exponentially through time, but this growth also depends on how many are slaughtered for consumption. The mathematics of growth can get really complicated.
William N. Goetzmann (Money Changes Everything: How Finance Made Civilization Possible)
We are not judged by the aliens. We are now equally the primitives. We discovered this when our conferences and communications were cast open deliberately, despite rigid security, to anyone who chose to follow our now default, open Internet. We saw our governments fall, we saw stock markets evaporate, we saw money dissolve into numbers, we saw loss of control over flows of information reveal our futility and deceptions and too many secrets previously hidden for the good of our peoples. We saw exponential growth of all those activists who claimed information wanted to be free.
Kamakana (Advent)
PayPal’s big challenge was to get new customers. They tried advertising. It was too expensive. They tried BD [business development] deals with big banks. Bureaucratic hilarity ensued. … the PayPal team reached an important conclusion: BD didn’t work. They needed organic, viral growth. They needed to give people money. So that’s what they did. New customers got $10 for signing up, and existing ones got $10 for referrals. Growth went exponential, and PayPal wound up paying $20 for each new customer. It felt like things were working and not working at the same time; 7 to 10 percent daily growth and 100 million users was good. No revenues and an exponentially growing cost structure were not. Things felt a little unstable. PayPal needed buzz so it could raise more capital and continue on. (Ultimately, this worked out. That does not mean it’s the best way to run a company. Indeed, it probably isn’t.)2
Geoffrey G. Parker (Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You: How Networked Markets Are Transforming the Economy―and How to Make Them Work for You)
Denmark stopped printing money in 2017.
Peter H. Diamandis (The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives (Exponential Technology Series))
Eight months later, on July 20, the anniversary of the Apollo moon landing, Musk tweeted again: “Just received verbal govt approval for The Boring Company to build an underground NY-Phil-Balt-DC Hyperloop. NY-DC in 29 mins.” In the spring of 2018, with $113 million of Musk’s own money, the Boring Company began boring.
Peter H. Diamandis (The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives (Exponential Technology Series))
Good Money does the opposite, in a half-dozen different ways. Technically a mobile wallet, Good Money lives on your phone and holds both regular and crypto currencies. It can be used at any ATM, with zero annual fees, no ATM charges, and an interest rate a hundred times larger than most banks. Customers also become owners.
Peter H. Diamandis (The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives (Exponential Technology Series))
Faith-based generosity, you see, is about more than having an open hand with money; it’s about having an open hand with every good thing God has put in your life. As you give away precious seed, he multiplies it.
J.D. Greear (Gaining By Losing: Why the Future Belongs to Churches that Send (Exponential Series))
Free. In Free, Anderson argues that in today’s economy one of the easiest ways to make money is to give stuff away.12 Here’s how he explains
Peter H. Diamandis (Bold: How to Go Big, Create Wealth and Impact the World (Exponential Technology Series))
You need to figure out • The types of problems you want to solve for your audience. • Your Business Model (Your pathway to making money. Because if you don’t monetize, you don’t have a business.) • Your core or essence (Your brand, which will be responsible for attracting your ideal readers or buyers.)
Meera Kothand (The Blog Startup: Proven Strategies to Launch Smart and Exponentially Grow Your Audience, Brand, and Income without Losing Your Sanity or Crying Bucketloads of Tears)
am impressed with how well they do in a world where street crime seems to be increasing exponentially. There is an obvious economic relationship between the amount of “free crime” at the top of the economic food chain, and the increases in poverty, hopelessness addiction and street crime at the bottom. The police are doing a great job (on the streets) in my view. If memory serves me they responded to 35,000 calls in one year with their $40 million dollar budget. However, the public must know that they (police) rarely respond or get involved in high value economic crime, and often they tell victims of million dollar crimes, that their complaint is a “civil matter” and should be dealt with in the civil courts. They do a great job at the level of street safety and property protection, but at most crimes over a certain financial level, or complexity, they defer to others. Police do not appear to function in government buildings and office suites, like they do in the streets. My government has offices for high value economic crimes. These are commercial crime police units called the RCMP Integrated Markets Enforcement Teams. (RCMP IMET) By some coincidence they also operate on a budget in the neighborhood of $40 Million dollars…but $40 Million is what they have for the protection of the entire country of Canada. They handle perhaps a dozen cases a year, and we rarely hear of a successful prosecution. I believe it is intentional. No person power finds it wise…to investigate persons in power.
Larry Elford (Farming Humans: Easy Money (Non Fiction Financial Murder Book 1))
is well known that increases in computer power and speed have been exponential. But exponential growth sneaks up on you in a way that isn’t intuitive. Start with a penny and double your money every day, and in thirty-nine days you’ll have over two billion dollars. But the first day your wealth only increases by a single penny, an amount that’s beneath notice. On the thirty-ninth day, however, your wealth will increase from one billion to two billion dollars—now that is a change impossible to miss. So like a hockey stick, the graph of exponential growth barely rises from the ground for some time, but when it reaches the beginning of the handle, watch out, because you suddenly get an explosive rise that is nearly vertical. It’s becoming crystal clear that we are entering the hockey-stick phase of progress with computers and other technologies. Yes, progress in artificial intelligence has been discouraging. But if we don’t self-destruct, does anyone imagine that we won’t develop computers within a few hundred years that will make the most advanced supercomputers of today seem like a toddler counting on his or her fingers? Does anyone doubt that at some point a computer could get so powerful it could direct its own future evolution? And given the speed at which such evolution would occur, does anyone doubt that a computer could become self-aware within the next few centuries? Visionaries like Ray Kurzweil believe this will happen well within this century, but even the most conservative among us must admit the likelihood that by the time the USS Enterprise pulls out of space dock, either our computers will have evolved into gods and obsoleted us, or, more likely, we will have merged with our technology to reach almost god-like heights of intelligence ourselves. And while this bodes well for these far-future beings, it isn’t so great for today’s science fiction writers.
Douglas E. Richards (Oracle)
PayPal’s big challenge was to get new customers. They tried advertising. It was too expensive. They tried BD [business development] deals with big banks. Bureaucratic hilarity ensued. … the PayPal team reached an important conclusion: BD didn’t work. They needed organic, viral growth. They needed to give people money. So that’s what they did. New customers got $10 for signing up, and existing ones got $10 for referrals. Growth went exponential, and PayPal wound up paying $20 for each new customer. It felt like things were working and not working at the same time; 7 to 10 percent daily growth and 100 million users was good. No revenues and an exponentially growing cost structure were not. Things felt a little unstable. PayPal needed buzz so it could raise more capital and continue on. (Ultimately, this worked out. That does not mean it’s the best way to run a company. Indeed, it probably isn’t.)2 Thiel’s account captures both the desperation of those early days and the almost random experimentation the company resorted to in an effort to get PayPal off the ground. But in the end, the strategy worked. PayPal dramatically increased its base of consumers by incentivizing new sign-ups. Most important, the PayPal team realized that getting users to sign up wasn’t enough; they needed them to try the payment service, recognize its value to them, and become regular users. In other words, user commitment was more important than user acquisition. So PayPal designed the incentives to tip new customers into the ranks of active users. Not only did the incentive payments make joining PayPal feel riskless and attractive, they also virtually guaranteed that new users would start participating in transactions—if only to spend the $10 they’d been gifted in their accounts. PayPal’s explosive growth triggered a number of positive feedback loops. Once users experienced the convenience of PayPal, they often insisted on paying by this method when shopping online, thereby encouraging sellers to sign up. New users spread the word further, recommending PayPal to their friends. Sellers, in turn, began displaying PayPal logos on their product pages to inform buyers that they were prepared to honor this method of online payment. The sight of those logos informed more buyers of PayPal’s existence and encouraged them to sign up. PayPal also introduced a referral fee for sellers, incentivizing them to bring in still more sellers and buyers. Through these feedback loops, the PayPal network went to work on its own behalf—it served the needs of users (buyers and sellers) while spurring its own growth.
Geoffrey G. Parker (Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You: How Networked Markets Are Transforming the Economy―and How to Make Them Work for You)
Bill Gates made a convincing argument for why improving human health is money well spent, and won’t lead to overpopulation, in his 2018 video “Does Saving More Lives Lead to Overpopulation?”56 The short answer is: No. If we were to stop all deaths—every single one around the globe—right now, we would add about 150,000 people to our planet each day. That would be 55 million people each year. That might sound like a lot, but it would be less than a single percentage point. At that rate, we would add a billion people to our ranks every eighteen years, which is still considerably slower than the rate at which the last few billion people have come along and easily countered by the global decline in family sizes. It’s still an increase, but it’s not the sort of exponential growth many people fret about when they first encounter the idea of slowing aging. Recall, these calculations are what we’d face if we ended all deaths right away. And although I’m very optimistic about the prospects for prolonged vitality, I’m not that optimistic. I don’t know any reputable scientist who is.
David A. Sinclair (Lifespan: Why We Age―and Why We Don't Have To)
Their political leaders lavish praise on them, even while granting their bosses a liability shield so they can’t be sued. The carrot and the stick: if they decide to quit, rather than continue to take chances, laws have been passed to deny them the same economic relief that other Americans enjoy during the pandemic. It incentivizes them to remain where they are and to keep dissecting meat for nonessential Americans. Many nonessential workers get to work from home. They sometimes make exponentially more money than the essential workers do.
Gary J Floyd
But, again, the real news is what they did with that money. In 2018, while the big six movie studios released a combined seventy-five films, Netflix’s war chest produced eighty new features and over seven hundred new TV shows.
Peter H. Diamandis (The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives (Exponential Technology Series))