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Digitalization is disrupting

 Once we confirm the disruption of an industry, we either leave them or join them. But to join we need to level up our skills. Skills are now very overrated and are a key factor that decides the career further. It requires the mentality of shit from the reminiscent pattern to new. We need to learn and unlearn the skills. Because the now relevant skill will not be relevant tomorrow and tomorrow is way advanced than we used today. It is making the process of unemployment so fast today. Not intentionally, but to pace up with the technology. Clearly, companies that existed for centuries are now digitally backed up. Or the competition made them do so. Here game requires new equipment. We could say that digitalization played this heavy part. It wasn’t until from last decade that it began inducing fear among laggards. Because from there it is evident that everything regardless of their field is going to be digitalized.

  Digitalization is really disrupting the world. It is reinventing the industrial arena.  Thtere is nothing to wonder about out of the 5 most valued companies, 4 of them are digital. And this number grows for this reason. Moreover, it is easy to start an organization that is digital than the other. And there is a high success probability. Digital products are easy to use and no need for actual storage space. But we get nostalgic about the tangible products we used and spent a long time with. Again, NFT is there to solve the problem. It is proving that whatever we did with the touchy products are now possible with digital disruption. In the field of synthetic biology, digitalization is revolutionizing. Gene editing, which in the 90s cost more than a million dollars, lasted a decade is now possible with less than 1000 dollars and few hours. Besides, it doesn’t require a Ph.D. (* risk involved). Wait for a decade and you can do it by yourself. A few years ago, only people with cameras costing over thousands of dollars were shot the funny, extraordinary, and beautiful shots. It is now democratized. Democratization with the help of technology is a fever and is spreading like a wildfire. In one way or another, it is gonna affect your industry. You must be prepared.

  We often miss the scenario of existential threats, which is a big word but relevant. The problem is we are more behind the rewards and completely blind towards the risk. Risk-reward is an inevitable ratio. One cannot exist without the other

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Investing with index

Expecting return a way more than the index average can be of greed influence. Index do gives a handsome return that sometimes even surpasses majority of the stock performance. But it is also true that index may stands still for some years. Yet in the very long it is way better than FDs.

Diversify

Diversifying your portfolio is the best way to sustain in the market. When one goes down, other tops. But make sure that everything you invested was invested based on your knowledge.

Mental development

Why would anyone care about the neighbors while he got loads of shit to do? Whether we have enough time or more than enough time, we do focus on our things. Apparently, this is not good for society. The kids growing up always expresses their curiosity to peep inside the neighbors' home. They are complete stranger to him and when he notices that his neighbors are not in term with his family, it will instill in his mind and he accept the irony that one should not consider smiling towards the stranger even when he is sitting near him. Kids take this behavior and struggle to make relationships in the future.