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Founder's Journal

A Book That Predicted the Future

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 5 January 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

I’m reading a book right now that absolutely blew my mind. It predicted cryptocurrency, the metaverse, a viral pandemic, and so much more. And get this, it was written in 1997. In this episode, I talk about some of the book’s predictions, and more importantly, a framework we can all use to make informed guesses about where the world is going. As mentioned in the episode, you might want to check out previous episodes: How Incentives Can Make or Break Your Business and Lessons From Starting a Book Club. Check out the full transcript at https://foundersjournal.morningbrew.com to learn more, and if you have any ideas for our show, email me at alex@morningbrew.com or my DMs are open @businessbarista Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's up everyone? This is Alex Lieberman, co-founder and executive chairman of Morning Brew.

0:05.8

Welcome back to Founders Journal, my personal audio diary, where I give you the business builder,

0:11.7

the tools you need to think better in order to build better, whether that's building a business,

0:16.4

a team, or a new product. Today, I am talking about a book that predicted the future. You heard that

0:24.0

right. Let's hop into it. I am reading a book right now that absolutely blew my mind.

0:34.0

It feels like the Gray Sports Almanac in back to the future. If you haven't seen the movie,

0:40.2

Biff, who is the villain of the series, gets hold of an Almanac from the future that tells the

0:46.4

results of every major sporting event for the next 50 years. And this is exactly how I feel,

0:52.8

reading a book called The Sovereign Individual. It's my first founder book club book,

0:58.3

which if you want to know how I put together a book club and everything that I learned from it,

1:02.3

check out that past episode in the show notes. And I first heard about this book from two

1:08.0

amazing entrepreneurs, Naval Ravikant and Balaji Shrinivasan. It was written in 1997 by James

1:15.1

Dale Davidson and Lord William Reese Mogg, the first and investor and the second a journalist.

1:21.9

Now here's what I'm talking about. The book feels as though it has predicted what seems like

1:27.9

every major societal shift since the millennium. It predicted a viral pandemic,

1:34.0

the rise of e-commerce, the rise of remote work, the increased value of content curation,

1:40.5

the rise of virtual culture, the rise of mobile banking. But that is just the tip of the iceberg.

1:47.3

Now I want to share a few passages from the book that will probably sound familiar to you.

1:52.7

Here's the first. As cyber commerce begins, it will lead inevitably to cyber money.

2:00.3

A crucial part of this change will come about because of the effect of information technology

2:06.2

in liberating the holders of wealth from expropriation through inflation.

2:11.6

Unique, anonymous and verifiable this money will accommodate the largest transactions.

...

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