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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Secrets Every Investor Should Know
You Weren’t Supposed To See That by Joshua Brown reveals the hidden layers of our digital privacy challenges and offers practical solutions to safeguard personal information in an era of pervasive surveillance and data breaches.
In a world increasingly dominated by automation, individuals are grappling with a stark reality where traditional roles and job security are rapidly diminishing. Automation – represented by robots, software, and algorithms – is taking over tasks once performed by humans across all sectors. This shift is not just a technological revolution but also a deep economic and social transformation. People are witnessing the erosion of their roles and feel a palpable loss of dignity as their purpose in society diminishes.
This seismic shift has led to a profound impact on investment behaviors, marking potentially the first fear-based investment bubble in American history. As robots and automation technologies advance, capturing more of the labor market, people are increasingly compelled to invest out of a sense of fear and survival rather than greed. Those who own these technologies find themselves on the winning side of an economic divide, while those who are displaced face dwindling prospects.
In response, there’s a rush to invest in the very technologies that are causing this upheaval. The logic is grim but clear: If you can’t beat them, join them. Technology stocks like those of Facebook, Google, and Amazon aren’t merely investment opportunities; they are essential lifelines for those trying to maintain economic relevance.
Amidst this backdrop, advice to displaced workers often includes enhancing their education, learning new skills, or moving to cities with more opportunities. But such advice increasingly feels inadequate in a world where artificial intelligence is poised to take over sophisticated tasks, including creative and professional jobs previously thought immune to automation. The relentless advancement of technology suggests that there are no safe havens left, challenging the very essence of human contribution.
As a result, people are not just investing for retirement or wealth accumulation anymore; they are investing as a defensive strategy against obsolescence. In an era where technological entities spend every moment trying to supplant human roles, any price might seem justifiable for owning a piece of these transformative powers. Ultimately, this scenario pushes a stark choice: invest in the technologies that are disrupting human life and work or face increasing irrelevance. This approach to investment reflects a deep anxiety about the future, where the only apparent escape is to own a part of the very force that threatens one’s economic existence.
You Weren't Supposed to See That (2024) draws on fifteen years of insights from The Reformed Broker, the most-read financial blog in the world. An essential compilation of financial wisdom, it reveals crucial, sometimes startling truths about finance, investing, and Wall Street that are vital for today’s investors.
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Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Get startedBlink 3 of 8 - The 5 AM Club
by Robin Sharma