Wellbeing Algorithm

 “If you can’t measure it, you can’t manage it”...... W.E. Deming (business theorist)

The health care industry produces an astonishing amount of data: nearly one-third of the world’s data volume. The amount of data health care providers generate can seem overwhelming—and it can overwhelm your ability to find valuable insights that can help physicians and its patients.

Algorithms analyze genetic data to tailor treatments to individual patients, improving efficacy and reducing side effects. It is about identifying areas where computational intelligence exceeds our capacity to do a given thing. 

We see this already in navigation, algorithms fly planes safer than humans can.

To list AI’s core competences. 

1- AI is really good as a summarizer. 

2- AI is good at explaining things, teaching with infinite patience.  

3- AI is fundamentally a prediction technology. Predictions about whether turning left or right will get you to your destination faster. Predictions about whether a tumor is cancerous might improve medical diagnoses. 

4- AI can assess. Assessing requires outside context and criteria.  

5- AI can decide. A decision is a prediction plus an assessment. We are already using AI to make all sorts of decisions.

At some point everyone will have an algorithm that will maintain their health and wellness.

Health machine learning algorithms analyze medical data (e.g., imaging, lab results) to assist in diagnosing diseases and recommending treatments. Examples include detecting cancers in medical images and predicting the onset of diseases like diabetes.

The Major Attributes:

Data Collection- Gathers data from wearable devices, user inputs (e.g., age, weight, fitness goals), and external sources (e.g., weather, location).

Activity Tracking- Monitors physical activity, heart rate, sleep patterns, and calorie expenditure.

Personalized Recommendations- Uses machine learning to analyze data and suggest tailored workout plans, nutrition advice, and wellness tips.

Progress Monitoring- Tracks progress over time, providing feedback and adjusting recommendations as needed.

Customization- Offers personalized plans that are more effective than generic advice.

Motivation- Provides regular feedback and goals to keep users motivated.

Health Improvement- Helps users achieve better health outcomes through consistent, data-driven advice.

 As a business you should regularly update algorithms based on new research and user feedback to maintain accuracy. As a client using an intuitive user interface, ensure your data is encrypted and only accessible to authorized personnel. 

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Build or Invest

I like reading all day. I can read all day, every day. If you’re the kind of person who wants to read all day every day, that’s probably a good signal you want to invest, not build. --------- Kyle Samani (2024, Venture Capitalist)

It takes over a decade for a successful startup to develop into a thriving public company. As an investor, you won’t receive positive feedback for over 10 years. You will receive plenty of negative feedback while many of your companies shut down. Maintaining belief in your abilities and processes takes a degree of productive delusion and strong self-confidence. 

Due Diligence and Analytical Skills

Evaluation Process: Employs a data-driven approach, with a dedicated team for market research and financial analysis.

Risk Management: Focuses on startups with strong management teams and scalable business models to mitigate risks.

Personal Traits and Skills

Visionary Thinking: Known for identifying disruptive technologies early.

Decisiveness: Quick to make investment decisions, often outpacing competitors.

Resilience: Has experienced failures but learned and adapted from them.

A successful investor combines industry expertise, a strong network, and a keen eye for innovative startups, which together drive their continued success in the venture capital ecosystem.

As a builder Elon Musk said, “boil things down to their fundamental truths and reason up from there as opposed to reasoning by analogy.”

This involves a three-step process: 

(1) challenging conventional thinking, 

(2) breaking problems into their fundamental principles (i.e., their most basic elements or truths) 

(3) creating new solutions from scratch. 

Musk famously used this process to come up with Space X’s affordable and reusable rockets. 

His original plan was to buy secondhand rockets in Russia, but they were too expensive. 

Starting with first principles thinking,

(step 1) he wondered why rockets are so expensive. 

(step 2) After breaking them down into their components, he noticed that the cost of materials 

was only two percent of the total price. 

(step 3) Therefore, he decided to buy materials (such as aluminum alloys, titanium and carbon fiber) on the commodity market and build his own rockets.

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Robot Population

"Robots are the expression of our highest aspirations as human beings: to make life easier, to explore the universe, to extend our reach beyond the limits of our bodies and our minds." - Daniel H. Wilson

The term "robot population" typically refers to the number of robots in existence within a particular context, such as a country, industry, or specific application. Robot population can vary significantly depending on factors such as technological advancements, economic conditions, regulatory frameworks, and societal acceptance of automation.

If Big Tech’s trajectory is any signal, AI tools will increasingly be involved in how we learn and how we express our thoughts. But these tools will also influence how we schedule our daily activities including laundry, how we design products, how we write laws, and even how we diagnose diseases. 

The expansive role of these technologies in our daily lives gives corporations opportunities to exert control over more aspects of society.

• AI-powered ads, industry leaders say, will be much better. 
• Google assures you that AI can tweak your ad copy in response to what users search for, and that its AI algorithms will configure your campaigns to maximize success. 
• IBM is confident its Watson AI will make your ads better.
• Amazon wants you to use its image generation AI to make your toaster product pages look cooler.

Different experts mean different things when they talk about “AI”, but they also hold widely different views on how good it is and where it’s going. 

• Elon Musk thinks we’ll have AI smarter than humans by 2025. 
• Dario Amodei predicts that by2025 “AI models could be able to replicate and survive in the wild”. 
• Yann LeCun of Meta says today’s systems are stupider than a house cat.
• Gary Marcus reckons it’s nothing more than a magic trick. 

Demis Hassabis says Google will spend $100 billion developing AI. And every week, a new AI model appears to supposedly rival GPT-4, but never quite manages it; and each week brings yet another example of the weaknesses of these models. 

Chinese company SenseTime has released SenseNova 5.0, which is reportedly better than GPT-4 in a range of scenarios.  Sam Altman said: “We can say right now, with a high degree of scientific certainty, GPT-5 is going to be a lot smarter than GPT-4 and GPT-6 will be a lot smarter than GPT-5, we are not near the top of this curve.”

However, the impending robot “population boom” is the result of technological breakthroughs, intense investor appetite, labor cost arbitrage, and long-standing demographic trends. 

But buying a robot outright is expensive. 

• Will large corporations choose to buy machines outright? 
• Will they lease them similar to a car? 
• Will they simply “hire” them, as you would any other worker? 

Or should robotics companies give them away for free, receiving a portion of the efficiency gains as royalty? 

In addition to industrial robots, there are various other types of robots, including service robots (such as those used in healthcare, hospitality, and domestic settings), agricultural robots, autonomous vehicles, and drones. The population of these robots varies depending on their respective applications and adoption rates.

The next decade will reveal which model best meets commercial realities.

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The Art of Skills

“The fox knows many things; the hedgehog knows one big thing.” ------ Archilochus, 8th century BC 

A degree outside the mainstream there is a rare gift that is best appreciated by those with a deep understanding of the craft. That gifted man may not fill the biggest arenas, but he has a fine talent that earns esteem.

•  Warren Buffett hasn’t had to work for money since he was 25 years old and yet he keeps working well into his 90s. 
• Sam Walton who was a successful teenage entrepreneur and kept going long after he became the richest person in America.
• Leonardo da Vinci carried a notebook wherever he went and in 1519 on his death bed he was observing in scientific detail the nature of his illness. 

There is a concept defined in the book Finite and Infinite Games by James Carse; Life is divided into two types of games. “Finite games” exist to be won; “infinite games” are designed simply to keep playing. Lifelong art like writing, painting, and company-building fall into the latter. You can practice and learn until your dying breath.

In a rapidly evolving business environment with a competitive talent marketplace, your organization’s skilled workforce is your most powerful differentiator. Finding and tapping the skills you need—and recruiting and retaining that talent—is critical to the success of any organization.

A recent Deloitte Insights report said organizations with a skills-first hiring approach to talent are 107% more likely to place talent effectively, 98% more likely to retain high performers, and more likely to build reputations as great places to grow a career. Two-thirds of workers say they would be more attracted to join—and more likely to remain at—an organization that values and makes decisions based on their skills rather than on their degrees and previous jobs.

Learn from these differentiators:

“Every great institution is the lengthened shadow of a single man. His character determines the character of the organization.”......Ralph Waldo Emerson: 

“We provide autonomy and space with freedom to operate, without fear of failure. We’re curious, open minded, and collaborative. And although we’re thought leaders, we’re humble, and willing to share knowledge and learn from one another.” .......Former CEO Richard Goyder of Wesfarmers aptly encapsulates the pivotal importance of culture to the company’s trajectory on growth noting that “culture is very hard to build and easy to destroy.”

These differentiators possess industry knowledge and focus on key financial metrics like return on capital employed complemented with “above-the-waterline characteristics” with “below-the-waterline characteristics.” like: 

• emotional intelligence, such as interpersonal sensitivity
•  broad interests that encompass diverse areas
• the ability to contemplate how global issues may impact the business. 

A skilled workforce is essential for driving productivity, innovation, and competitiveness across industries. Employers must invest in recruiting, developing, and retaining skilled talent to support organizational objectives and maintain a competitive advantage in today's dynamic and fast-paced business environment. Additionally, governments, educational institutions, and industry stakeholders play crucial roles in fostering a skilled workforce through investments in education, training, workforce development programs, and policies that support lifelong learning and career advancement.

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Wealth Beyond Career

“A shoe is just a shoe until somebody steps into it. Then it has meaning.” .........Nike marketer Sonny Vaccaro

In business school, corporate finance professors teach three well-established principles about value:

1. The value of a business is equal to the present value of its expected future cash flow (CF).

2. Revenue growth and return on capital (ROC) drive CF.

3. For growth to create value, ROC must exceed the cost of capital.

In the 40 years “Jordan Brand” has grown into a global franchise, with Nike’s 2023 annual report attributing $6.6 billion in gross revenue to the sub-division.

In many respects, the brand has extended beyond basketball into other sports and public consciousness. Around the world, “Jumpman,” the brand’s iconic logo, will outlive Jordan.

The rise of social media and software allows individuals to monetize directly, cut out intermediaries, and build extraordinary wealth. Rather than relying on executives like Sonny Vaccaro and Nike founder Phil Knight, today’s Air Jordan could run on Shopify, collect payments through Stripe, and advertise over Instagram and TikTok with 100% ownership.

A few athletes building wealth beyond their careers. 

LeBron James, $1 billion. One of the challengers to Jordan’s title as the NBA’s greatest ever has reached $1 billion in net worth while still competing for championships. In addition to banking high salaries, James has taken equity in brands like Beats by Dre and Blaze Pizza. He has also spearheaded a holding company of his own, SpringHill Entertainment. That vehicle has spawned movies, game shows, and talk shows and is about to launch a men’s grooming line called “The Shop.”

Serena Williams, $290 million. The GOAT of women’s tennis is a prolific venture investor. As an angel, Williams backed Zipline, Masterclass, Daily Harvest, and many others. A dedicated $111 million fund, Serena Ventures, debuted in 2022 and has started capitalizing a host of other startups. Alongside her venture activities, Williams has launched two fashion brands and taken minority positions in the Miami Dolphins and UFC. Forbes estimated her 2023 net worth at $290 million.  

Maria Sharapova, $220 million. The retired tennis star has grown her confectionary brand, Sugarpova, into a viable business, earning a reported $20 million annual revenue. Sharapova capitalized the business herself and still owns 100% of it. She has also invested in Public.com, Supergoop, and MoonPay. Her net worth is pegged at $220 million. 

By investing savvily, especially in sports franchises or mass-market consumer brands, athletes can earn far more in retirement than they ever did as athletes. 

Social media has eaten traditional media and changed the equation, allowing talent to talk to an audience intimately, repeatedly, and on a global scale. Traditional gatekeepers no longer have the same leverage – people have greater control than ever over their story and its distribution.

Technology has reduced startup costs, removed complexity, and increased upside. It is cheaper than ever to start a company. It is also, easier, to launch an e-commerce brand, you can use a platform like Shopify. If you want to test out a new media property, you can use tools like Anchor to launch a podcast and YouTube to distribute videos.

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Learn with Speed

The greater our knowledge increases, the greater our ignorance unfolds........President Kennedy of USA (Rice University 1962)

Very few vocations require as much rapid learning as an innovative startup leader, a role that requires flexible intelligence and constant adaptation. The leader of an early-stage company might split their time between decoding governmental regulations, hiring staff, wooing investors, scanning deal documents, reviewing code, reviewing design, running a marketing campaign, and making sales. It is a learning treadmill that doesn’t stop. Though some functions are absorbed as a business grows, an innovative company will always find a new frontier to conquer.

The most important thing you need to do as a CEO is learn faster than the pace at which your company is growing. you shouldn’t think about learning as simply absorbing information and then copying what others are doing, but understanding the HOW and the WHY in a way that makes sense for your company.

Leadership skills are necessary in order for you to be successful with the company. Thankfully, leadership is a learned skill.

• Being a leader doesn’t mean you have to manage 100+ people.
• Being a leader doesn’t mean you have to be a “smooth talker.”

Being a leader often means “listening more than speaking.”: That means listening to market trends, customer feedback, and ideas from your team. 

Being a leader often means Patience: Though there’s value in speed, but most of the best things in life take time to reveal themselves. They take time to unfold and play out. That process often makes the outcome richer, the learnings deeper, and the rewards much better. And sometimes, sitting in discomfort along that path is essential to finding the truth. 

Bringing people along professionally requires patience, building a company requires patience, and often finding answers requires patience. 

Being a leader often means Reading: The key nugget for a leader is to treat every resource – conversations, books, blog posts, etc. – as one single data point that will feed your own strategy.

Here are a few good books recommended by Mathilde Collin, CEO and Co-founder at Front.

- The Effective Executive. 

- High Output Management. 

- The Hard Things About Hard Things.

Finally, being a leader means Networking: Find coaches, mentors and create a group of peers (similar-stage companies) you can learn from and then hire people better than yourself.

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Enjoy the Season

 Happy Holidays...

True Love Heals 

True Love Shares

Share words that are True to Heal and Restore

Daniel Williams, a philosopher, argues that misinformation is the symptom of deeper societal issues rather than the cause. It emerges from polarization, institutional distrust and governmental corruption.

Misinformation refers to false or inaccurate information that is spread, whether intentionally or unintentionally, misleading people and potentially causing harm. In the age of rapid information dissemination through the internet and social media, misinformation has become a significant concern.

Types of Misinformation:

Disinformation- False information that is deliberately spread with the intention to deceive or mislead.

Malinformation- True information that is shared with the intent to harm, often by disclosing private or sensitive details.

Misleading Information- Information that is presented in a way that leads people to draw incorrect conclusions.

Satire or Parody- Content created for humor or satire that may be misconstrued as factual information.

Misinformation poses significant challenges to society, impacting public discourse, decision-making, and trust in information sources. Addressing this issue requires a multi-faceted approach involving individuals, technology platforms, media organizations, and policymakers. Promoting a culture of critical thinking, fact-checking, and responsible information sharing is essential to mitigate the impact of misinformation.

Enjoy the Holidays