From “When Nietzsche Wept”, by Irvin Yalom:

First will what is necessary. Then love what you will.
There’s a profound insight there that I’ve tried to live by, long before I read the quote. Life asks many things of us that we don’t want to do. Some of them are distractions, but some of them are necessary. It’s so easy to be full of resentment toward things that we feel are keeping us from our joy. Finding joy in what needs doing is magical. Learning to love the things that are necessary—like daily chores—is the secret of happiness.

fMRI and Machine Learning to Determine Suicidal Indicators

This is fascinating and such important research, the ability to distinguish between actual self-harm vs. thought of self-harm. There are clearly huge philosophical issues around this type of fMRI application — i.e. Minority Report. Hopefully, we as a society can create a sound moral compass to leverage such tools to save lives.

H/T: https://machinelearnings.co/ for finding the below:

“Researchers at Carnegie Mellon and the University of Pittsburgh analyzed how suicidal individuals think and feel differently about life and death, by looking at patterns of how their brains light up in an fMRI machine. Then they trained a machine learning algorithm to isolate those signals… The computational classifier was able to pick out the suicidal ideators with more than 90 percent accuracy. Furthermore, it was able to distinguish people who had actually attempted self-harm from those who had only thought about it.” – Megan Molteni, Science Writer Learn More on WIRED >

 

What to do in a lower-return enviornment?

I have been fascinated or economicly curious about what the world is going to look like in the next 10 to 20 years; or, even 30 to 40 years. One thing that I intuitively believe, returns of the past 100 years are not a good proxy.

I read this Q&A from Chief Executive Officer and Chief Investment Officer of Vanguard, and a couple things stood out for how folks can/should prepare for a lower-return enviornment:

  1. In a lower-return enviornment, costs take a bigger percentage of the returns. Low-cost investments are key.
  2. Increase savings rates by 1 to 2% each year. This will help to account for the lower return enviornment.
  3. The average savings into a 401K with company match is 10%. They are recommending around 12 to 15%.

Read Vanguard’s Addressing Lower Returns here.