Author Archives: Kevin L

Going back to objectives

What happens when you are ‘stuck’; what exactly does it mean to feel stuck. Is it more about not making progress? If so, then progress towards what? You can’t get stuck if there’s no sense of destination you are trying to get to. And having no destination is not the same as being stuck. Because not knowing where you want to go means it’s perfectly fine wherever you are! Stop thinking like you need to go somewhere if you’re alright with here and now.

If you’re not alright with here and now, and unsure where you need to go, then it’s not about getting out. It’s about figuring where you want to go. And figuring out where you want to go has more to do with rethinking about your objectives. Your objectives for life, for lifestyle, for your work, your career, your relationships and all. Reflect on what is it about the here and now that is uncomfortable; consider what you know you want, and what you don’t know you want.

The same applies to problem-solving. When you feel that you’re not progressing towards the solution, and hence ‘stuck’, it’s time to revisit the objectives. What are you trying to do exactly? Have you contextualised or defined the problem in a way that narrows the solution set such that you are missing out things that can get you your objectives anyways. For example, if you are looking to hammer a nail into the wall, and you contextualise the problem as you “needing a hammer” then you essentially ruled out solving the problem by using any other equipment.

Revisiting objectives helps; and that’s also why it is sometimes difficult to deal with higher level issues by contextualising a problem within a silo-ed context. That would be a good topic of discussion for another day!

A new space

Something to be revealed perhaps a little later but I’ve just made a massive move to a new environment and new space in my life. I’ve uprooted myself and shifted to another country, one that is not unfamiliar but definitely new for me to experience work and life differently.

One of the reasons is to disrupt the patterns that had been laid down over the years, but more significantly during the pandemic. I had become somewhat imbalanced in terms of my life and focus. This is an attempt to restore the focus. Not by making things easier for me but actually by making it harder. Sometimes, I think reducing our ability to take on more allows us to be more focused on what it is we really need and want to hold on to.

The new space for my life hopefully also grants fresh ideas and inspiration especially to set me back on the path growth in multiple dimension rather than just striving in a single dimension in life.

Clumsy versus poise

Grace, elegance, poise, all somehow points to some kind of balance, or equilibrium whereas clumsiness implies a degree of imbalance, tension at play which can result in awkwardness.

In many things, we strive for the beauty that poise brings but in order to get there, we often have to go through the awkwardness and tension. It doesn’t mean things are going wrong, but the journey to an equilibrium is only possible along the lines of disequilibrium. It is a matter of whether circumstances naturally guides the state of affairs towards the equilibrium or that somehow other forces needs to be at work to enable it.

You don’t necessarily get to glide towards poise; and along the way, there’s going to be a lot of difficulties. The experts are able to make it look easy because they have been in that state of clumsiness for far longer, far more than you have been. If you’re not able to get through the awkwardness, there’s no way you’d be able to find your way to grace. Others have it easy not by going through more ease, but through more difficulty.

Institution economics

I spent some time during my masters studying institutions and the economic effects that institutions have. By institutions, I mean established ‘laws and practices’ as much as governing rules, systems in place that organises economic activities. These rules and practices have huge impacts on economic development.

Acemoglu et al (2001) was a famous study on the long-lasting effects of institutions and on the economy. I thought it was interesting to take a bit more of a meta view on these topics and discover the forces that sometimes lurks in the background in ways we don’t realise.

Our state of the markets and the economy needs to be thought through the lenses of the institutions we have evolved, the incentives around them rather than just short-term fire-fighting. The shortest route to the near-term outcomes we want does not ensure the outcomes persist. And because these days we tend to think that we can monitor and dynamically ‘guide’ things to a desired outcome, the more we create unnecessary build-up of tensions as we choose to ignore the impact of current institutional structures we have laid down. These we must not ignore.

Case on climate change

It’s almost surreal that the explanation of climate change, its far-reaching consequences and the warning of the lack of action as well as the foresight on the reluctance to switch from fossil fuels is so cogently made in 1985 before the US Congress.

And today, we still have what we have happening in the US. Meanwhile, other developing countries are massively adopting green energy, unlocking the opportunities and growth which comes from the energy transition.

The economic downsides of displacing the traditional, carbon-intensive activities were huge in 1985, but compared to the manner we allowed the activities to have expanded till today, humanity seemed like it’s dancing towards the edge of the cliff.

Calmness in a storm

So everyone in Singapore were talking about Shou, the CEO of Tiktok who went to face the interrogation by the congress. He is a Singaporean and we were all pretty proud of his performance.

That clearly wasn’t easy; he was being talked over, treated rudely; most of the people interrogating him had speeches of their own where they needed him to fill in the blanks rather than genuinely expecting answers. I thought Adrian Tan’s observation that Shou was often the calmest person in the room of people who were interrogating him was interesting.

While the hearing remains inconclusive, there was little mistake that the US is entering yet another cycle of active state intervention into business. It is strange that issues being put across the table confused data privacy issues, responsibilities of a tech company management, geopolitics and business ownership.

Our institutions today are highly complex and sophisticated. Even the concept of ownership in a business is made so complicated by unbundling of the various rights that are traditionally attributed to owners, then dishing them out to various parties.

Means of life

James Clear, author of Atomic Habits made an astute observation that led to his exploration of habits and eventually the best-seller. He observed that people often had the same goals but they do not end up with the same results. This meant that goal-setting, while being an important first step, wasn’t what achievement is about.

Our culture sometimes seem to think that setting up goals is enough, that it would naturally push everyone or everything to place. That cannot be farther from reality; and having that sense of purpose for life isn’t exactly sufficient. We need to discover the means by which we fulfill our purposes and reach the goals.

What do you think are your means of life? Is it about money, resources? Financial wealth? Or relationships, connections, networks? What fuels you towards your life goals?

Supply side perspectives

There was a time when demand and pricing was what matters because the rise of logistics and transport technologies made it easy to ship things around or even store things for long. So production becomes so isolated from consumption that as long as you can price things right on demand side, you can be producing anything anywhere.

Profit then is just about finding lower cost locations, resources, manpower, materials and so on. Services gradually have those attributes as they are increasingly performed remotely. But when we start considering supply chains of products, issues of resilience as well as carbon emissions, things goes a bit tricky.

The future low carbon world might be one where supply chains are shorter, where consuming local looms large and where decentralisation returns. Powering decentralisation is simply the recognition that there’s both financial economy and carbon economy; that when we need to economise on carbon, we can afford it.

Demand side perspectives

The modern, capitalist, market economy is powered by demand. Demand for products, goods and services. And what drives these demand? Some would like to say, marketing, advertising. But more fundamentally, social comparison, desire for affliation/connection.

So the idea of market competition gets turned on demand itself. In other words, the seller turns to the buyer and say, “He’s got this, so you have got to get it.” This mechanism is so widespread and so completely ignored by economics that at a macro-level, it overturns more fundamental notions of allocative efficiency. The fact that demand is in itself premised upon the actions and long-term strategies of supply, makes the equilibrium in the market impossible to pin down.

There is no long term convergent points and what development has come to be is simply the ability for supply to generate more and more of its own demand.