Nowadays, the WSJ finally picked up the story on one particular of the most intriguing and thrilling funds of the past decade: Renaissance, or affectionately known in geek circles as RenTec. Whereas, we of the analogic era nevertheless want to catch-up, albeit slowly, with these new and quick emerging and merging interactive technologies. It would be a world exactly where such devices could boost our muscle energy, or our senses, beyond the norm, and exactly where we all take a every day cocktail of drugs to manage our moods and performance.
What prompted me to write my book is that the pace of alter in the outside environment and in the development of new technologies has elevated drastically. Rushkoff focuses on how the digital renaissance of the past couple of decades has been recast as a way to extract more and much more time out of people, rather than an chance to increase efficiency and slack in peoples lives. As I see it, the very technologies that brought us into this state of present shock provide two contrasting ways to contend with it in our politics. We designed technologies that would assist connect us more quickly, collect news, map the planet, compile information, and connect with anybody, at any time.
Rather of amplifying the effects of present shock—using digital technologies to collect for themselves more data—our leaders could function to adjust our expectations by taking new cues from digital culture. And the media or other technologies we use in understanding and practicing the craft of reading play an important part in shaping the neural circuits inside our brains. The method of adapting to new intellectual technologies is reflected in the altering metaphors we use to clarify ourselves to ourselves.
The Web, an immeasurably effective computing method, is subsuming most of our other intellectual technologies. In search of maximum speed, maximum efficiency, and maximum output, factory owners employed time-and-motion studies to organize their operate and configure the jobs of their workers. With the improvement of technology in various platforms and operations such as television, World wide web and mobile communication, audiences have had each a bigger choice of media and a life which media technologies has produced easier.
Certain it’s the ideal risk-adjusted fund in the portfolio, but on an absolute return basis it’s not that compelling (12.16% average return more than the last 3 years). Finally, they decided to lessen the exposure by 50% (perhaps as a hedge fund they had the threat appetite to drop 40% of earnings in a worst case situation, when the investment looked appealing otherwise).