just finished reading Alan Greenspan's book: The Age of Turbulence: Adventures in a New World. It is an exceptional read and is really two books in one. The first part of the book is about his life from humble beginnings up to his retirement as the Fed Chairman in 2006. The second part of the book is about his thoughts on the economies of the world and where they are potentially headed and why.
Alan Greenspan is a strong believer in the capitalistic system rather than central planning (ex. the old Russia system). This is because with hard work, proper study and focus, people can be prosperous in a capitalistic system.
The final chapter of the book was extremely enjoyable to read. It is called the Delphic Future and projects possible futures for the US and the world in general. One enlightening paragraph says:
Quote: A dysfunctional U.S. elementary and secondary education system has failed to prepare our students sufficiently rapidly to prevent a shortage of skilled workers and a surfeit of lesser-skilled ones, expanding the pay gap between the two groups. Unless Americas education system can raise skill levels as quickly as technology requires, skilled workers will continue to earn greater wage increases, leading to ever more disturbing extremes of income concentration. End of quote.
On the other side of the coin Greenspan says:
Quote: It is not accident that human beings persevere and advance in the face of adversity. Adaptation is in our nature, a fact that leads me to be deeply optimistic about our future.
What do we take away from this? The simple answer is that each of us must choose our own future and that future will affect our collective future!
To create a great future we need a clear path to travel. The difficulty of choosing that path is increased because of ever expanding options in everything we do. In a highly stimulating environment it is too easy to spin our wheels. How do we choose a path that improves our life both individually and collectively? Fortunately there is hope.
The message is clear. Those who will succeed and prosper in the coming years will have the following skills and backgrounds:
These skills can be boiled down to one skill. It is a major skill that we all need to be successful in whatever career we choose. That skill is also: The #1 Skill Employers are Looking for.
- Decision making
- Knowledge
- Schooling
- Experience
- Reasoning
- Intuition
- Common Sense
- Confidence
The skill is powerful, transferable to any field, and has made countless people enormously successful and prosperous through the ages. If you learn to use it well you can become extremely successful in your professional and personal life.
My next series of Blogs (They will posted in the next month. If you cant wait, please go to my website: chuckclayton.com) will provide you with the name of that skill, why it is our most powerful strength and what learning it can do for you. It will also teach you some of the key elements of that skill!
There is nothing more uncommon than common sense!
~ Frank Lloyd Wright
Greenspan, Alan. The Age of Turbulence Adventures in a New World (New York: The Penguin Press 2007)
Copyright © 2008, Chuck Clayton, All Rights Reserved<
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