(Note: I wrote this for RIABiz on February 4, 2015, for their article titled 3 Citizen-Blogger Attendees at TD Ameritrade National LINC Offer Their Ground-Level Views.)
Are you a glass-half-full or glass-half-empty person? If you were given an opportunity to glimpse into the future regarding the advances that will take place in the fields for healthcare, energy, food, transportation, education and communications, you would be excited about the future your children and grandchildren will face and would be excited about the future of investing.
I had the opportunity to listen to Dr. Peter Diamandis, futurist and serial entrepreneur, paint a picture of the future. And I would like to tell you it is exciting to think about the advances that your children and grandchildren will see and how that will impact people and governments around the world.
Diamandis is the founder and chairman of the X PRIZE Foundation, co-founder and chairman of Singularity University, co-author of the New York Times bestseller Abundance: The Future is Better Than You Think, and the founder or co-founder of several other companies.
The first XPrize was a $10 million prize that was announced in 1996 that would be awarded to a team that built a spaceship capable of carrying three people 100 kilometers above the earth’s surface twice within two weeks. Over the next eight years 26 teams would invest over $100 million in research and development before the prize was awarded in 2004. The breakthroughs that were created during this competition has led to a $2 billion private space industry today.
Diamandis envisions a day when you or, it could be a Maasai warrior in Kenya, will have a portable, wireless device in the palm of your/their hand that will be able to accurately monitor and diagnose the person’s health, analyze a blood sample the device holder would provide, diagnose their cough, etc. Diamandis describes this as the democratization of health care.
We live in a world of with a billion illiterate people—two-thirds of them are women and 250 million are children. Diamandis believes an open-source application will be created soon for any tablet or smart phone that will take a child from illiteracy to basic reading, writing and numeracy in 18 months.
Diamandis closed his keynote address asking “how much more peaceful, how much more prosperous, how much less populace will the world be when we have an abundance of healthcare and an abundance of literacy.”
I have always been a glass-is-half-full person and believe we are living in a world where there is no challenge that cannot be solved. I have never liked the overly negative emphasis of the global, national, and financial news that permeates our media today. I have seen the negativity in the media unduly influence one’s investment decisions and outlook. And it is for that reason that I believe the message and vision of Diamandis should be heard by everyone.
There is no better time to invest than the present for a long-term investor and I truly believe “the future is better than you think.”
(Note: You can also read the blog post about Peter Diamandis and Abundance at the following link: Click here to read blog > >)