Thread by @knightofdelta

Financial capital is cheap; intellectual capital is expensive. Innovate or die. To thread or not to thread? 🤔

By 2029, every single profession you can think of would have been disrupted. The work place will no longer be the way we have it.

The guardians of the old system, the baby boomers and the old Gen X, would have retired. We, the millennials, are taking over and rewriting the rules

Welcome to the brave new world in which the highest paid workers will be doing things that no school is currently teaching.

Blockchain got into the formal education curriculum after millionaires have been minted. Now, blockchain engineers are scarce and expensive.

If you are still going to be in the workforce in 10 years and you are not maniacally upgrading your skills, I am (not) sorry for you.

Financial capital is cheap; don’t waste your time running after it. Since the Great Depression of 2008, global interest rates are now near zero and massive capital is flowing everywhere, looking for a home.

I repeat. Financial capital is cheap.

Another evidence is the number of unicorns we have everywhere. Startups are hot. Just do enough packaging and you see investors falling over themselves to take a slice of companies that have no path to profitability. Financial capital is cheap.

Intellectual capital is expensive. This is why investors are paying top dollars chasing it. In the process they have fallen into the hands of charlatans such as Theranos.

We currently have a lot of mini-theranoses running around raising millions and billions of dollars.

Very soon, this pack of cards will crumble. The bubble will bust, and out of the ashes will rise the true intellectual capital.

Just the same way all sorts of crypto currencies made thousands rich, only for everything to crumble, so will intellectual capital play out.

This is the best time to prepare for the the life after the bust. Strive to become the best at what you do, then later something else on top of it. You can create brand new industries this way.

You don’t have to specialize in an area you studied in school. People ask me every time why I “wasted” a decade getting a certain degree only to end up doing something else.

If you don’t know, you don’t know.

Connecting disparate ideas opens the door to creativity that drives humanity forward. Join the train or get left behind.

This is why engineers make excellent investment bankers and liberal art majors make fantastic investment managers.

I want to see more accountants doing designs. More historians and archeologists should be doing data analytics and more engineers should be writing music.

We are moving into a world where there are no gatekeepers to tell you what you can or cannot do. You are your own captain.

Off the top of my head, let me give you the trajectory of an intellectual capital that financial capital will fall over themselves to make rich.

Joe is a medical doctor who learned how to code in medical school. He graduates and decides to pursue music as his career.

(Of course, Nigerians will believe that his village people have come for him, but stay with me.)

Joe studies music, works as an apprentice DJ for several years, and mastered the art of electronic music production over a decade.

Then he uses his coding skills to build an artificial intelligence which creates music. This is where it gets interesting.

Joe knows that the human heart beats at a certain rate per minute and music speeds at certain rates gets the heart pumping. Do you know any song that no matter where you are, when you hear it, you will start dancing?

That’s the secret sauce.

Joe teaches this artificial intelligence this secret sauce. Now he also knows that because of the circadian rhythm, the human body absorbs music best at certain time of the night.

Then Joe sets up a party on all streaming social media at that time of the night and the artificial intelligence spits out music on the fly. Twice a week

In two years, he already has a million followers across all these streaming platform.

Financial capital will fall all over.

Can you see the way Joe connected medicine (human physiology) with music and technology? This is just an example of one of the highest paying jobs to expect in 2029.

If you are in your 20s to 30s, and your entire focus is just in your narrow area of expertise and nothing else, I am so sorry for you.

You will be the first to go as these post millennials graduate from college with mad skillsets.

Once again, intellectual capital is expensive. Those who have the largest ones will rewrite the rules from 2024.

I will not be taking questions.