Internet and Collaboration
It is truly spectacular how the world of web has impacted all of us. Everything that was once impossible has now become the possible. Everything that used to take years to accomplish, now takes only minutes. The Internet has transformed us in ways we could have only imagined when we were kids.
The Internet is by far the greatest communications tool in the history of mass communications – let me rephrase that – collaboration. From everyday banking, stock trades, television, politics, research, education, and just about everything, the Internet has taken us light years ahead. The Internet is reinventing the way we invent.
Compare it to the Model-T story of producing cars – except it’s not in one central location but multiplied by thousands. It’s an assembly line of co creation that exists and spreads all over the world. The end product of creation is no longer limited to 100 employees sitting in one large office, but rather a never-ending product co created by millions.
The development of “open-source,” has given us ability through connection, communication, and collaboration to produce a superior product. This could be the biggest discovery we may witness in our lifetime.
Smart companies are working together rather than against each other to exist in today’s competitive environment. They are collaborating on breakthrough scientific initiatives that accelerate discovery in their industries. These newly formed alliances will eventually displace the traditional corporate structures as the economies’ primary engine of wealth creation. Synergies are no longer limited to locality but are spread across a network of individuals working together to achieve a common goal.
This conversion of thought and hierarchy in the world has led to the conception of a new social development – one that encourages billions of individuals to actively participate in information exchange and innovation.
Charles Darwin once said, “It is not the strongest of species that survive, nor the most intelligent, but the ones most responsive to change.”
I think it is about time the financial world responded to change.
Imagine a world of finance where corporations, business media, and investors all communicated in synch. When we look at our markets today, we see companies trading below their earnings per share. We see stocks tumble for no reason other than the lack of information, or for a better choice of words, communication and collaboration.
As an investment community, we need to communicate and collaborate more to ensure that our information and relevant news is shared by everyone. Corporations need to spend more time with their shareholders and shareholders need to spend more time with each other. If competitors and strangers can work together to achieve a common goal, then we can too.
Together we can build the best collaborative tool for the world of finance. So whether you are a publicly traded company, an analyst, a financial newsletter provider, or an investor – let’s work together. Let’s share what information we have about the markets and pass them along to strangers who will become our colleagues, our friends, and our mentors.
It is through these relationships and associations that we can strive to accomplish in the financial world what the Alexandrians strived to accomplish within their library – collecting all of the world’s information to form the single greatest archive of knowledge. I am confident, as a whole, our investment community can cultivate information and collective knowledge into an instrument representing the business Alexandrians of our era.
We have the tools. We just need to work together.
“If you want to build a ship, don’t drum up the men to gather wood, divide the work and give orders. Instead, teach them to yearn for the vast and endless sea.”
– Antoine de Saint Exupéry