Selasa, 02 Agustus 2022

A Golden Age of Innovation

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AN OXFORD CLUB PUBLICATION

Liberty Through Wealth

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EDITOR'S NOTE

As Nicholas Vardy writes today, understanding the history of various golden ages helps you identify when and where the next ones are likely to occur.

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- Nicole Labra, Senior Managing Editor

THE SHORTEST WAY TO A RICH LIFE

How to Profit From the Geography of Genius

Nicholas Vardy | Quantitative Strategist | The Oxford Club

Nicholas Vardy

"When we set out to create a community of technical scholars in Silicon Valley, there wasn't much here and the rest of the world looked awfully big. Now a lot of the rest of the world is here."
- Frederick Terman, "The Father of Silicon Valley"

There are periods in history when certain parts of the world emerged as global centers of thought and innovation.

Historians call these "golden ages" - times when not just one but many world-changing geniuses work at the same time in the same place.

Ancient Athens and 21st-century Silicon Valley are thousands of years and thousands of miles apart.

Yet according to Eric Weiner's book The Geography of Genius: A Search for the World's Most Creative Places, from Ancient Athens to Silicon Valley, these two places have far more in common than their temperate weather.

Both Athens and Silicon Valley bear legacies of innovation, creativity and genius that have impacted the world far beyond their narrow borders.

So what made these places such fertile soil for innovation?

It's easy to attribute their lasting success to the individual genius of Plato in the case of ancient Greece or Steve Jobs in the case of Silicon Valley.

But Weiner argues that it's not individual genius that matters...

After all, individual geniuses live and die in obscurity every day.

Instead, the kind of human genius that leads to a golden age is the product of a unique relationship between people and places.

The Recipe for Innovation

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