A Flash of Insight

Where do great ideas come from?

Source: Wikipedia – Fir0002/Flagstaffphotos

Sometimes something new comes up that takes the world by storm, like relativity or semiconductors or smartphones. Truly new ideas come from people who aren’t being paid to have ideas; they’re paid to be patent clerks or monks or managers. They come from folks who are quirky and individualistic and sometimes seem obsessed. It’s only afterwards the new concept seems almost obvious, and other people ask, “Why didn’t I think of that?”

We live in an economy that depends on new ideas—on new technology that can change the way we live. It’s not enough to take current concepts and adopt them more broadly. The developing economies of China and India and Africa have billions of people being lifted out of poverty by doing that. But the process of globalization won’t support the advanced economies themselves. We need to do new things new ways.

And for that we need to encourage unconventional thinking by unconventional people—like Kelly Johnson’s “Skunk Works” or Robert Noyce’s Intel or Bell Labs. It’s not just IT: Ikea or Patagonia or Salman Khan have revolutionized their fields.

Ideas come from visionaries dedicated to “unpath’d waters and undream’d shores.”

Douglas R. Tengdin, CFA
Chief Investment Officer
Phone: 603-224-1350
Leave a comment if you have any questions—I read them all!

Follow me on Twitter @GlobalMarketUpd

www.chartertrust.com • www.moneybasicsradio.com www.globalmarketupdate.net
By |2017-07-17T12:23:15-04:00October 27th, 2014|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

Leave A Comment