I have four jackets, five pants, whatever, that are all the same. If you see U2 in concert, they wear the same thing every night. They just got a bunch of them. Albert Einstein used to wear brown suits every day. Why waste brainpower on something that is trivial?
Natural resources have dropped out of the competitive equation. In fact, a lack of natural resources may even be an advantage. Because the industries we are competing for - the industries of the future - are all based on brainpower.
Brainpower is by far our scarcest resource.
Brainpower is the ultimate leverage
I got it all, I got the money, I got the looks, I got the brainpower
The biggest waste of brainpower is to want to change something that's not changeable.
You have to be born with enough brainpower.
Now there is so much expertise and brainpower it's hard to be at the cutting edge of what's cool and not do something that's totally geeky.
Thanks to their decreased brainpower, people aren't diverted from the main business of life by the hobgoblins of opinion anymore.
It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization.
