This blog has tried to get our readers to focus on the incredible improvements occurring globally to counter-balance the never-ending negative reporting. This negative reporting aligns with our basic human instincts to seek negative stories.
Last year, a book was published by Ronald Bailey and Marian L. Tupy called “Ten Global Trends Every Smart Person Should Know“. It sits on my coffee table at work, but due to the Covid pandemic it was rarely opened.
Vernon Smith, Nobel Prize-winning economist, wrote the following quote about this book –
Read this book and find out why, if you are not an optimist, you should be.
Thankfully, the authors created a short video to give highlights to the incredible human achievements. The video discusses how the world is safer, healthier, cleaner and wealthier than ever before. Of course more needs to be done, but I believe that you will be surprised about the wonderful human achievements that have occurred almost unnoticed by most of us.
The video narrates the 10 trends of improvement in the following areas: Enrichment, Poverty, Population, Resources, Food, Forests, Cities, Government, Warfare, and Safety. One example highlighted in the video: over the last 25 years, 137,000 people have been lifted out of extreme poverty every day across the globe! That is counter to most people’s belief.
These improvements are great for mankind, but this information also needs to be understood in order to be a successful investor. These gains will result in global companies providing better lives through their products and services. Investors, as owners of these companies through stock ownership, will benefit as these companies become most successful and profitable.
Enjoy and share this incredible human achievement 4-minute video especially with your children.
In these dark times, it is good to remember just how far mankind has come, and how many seemingly impossible problems have been overcome. Keep this book on hand, open it at random, and it will fill you with hope for the future,
by Angus Deaton, Nobel Prize-winning economist and Professor at Princeton University.
Hope you have a great week!
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