Coach | Teacher | Writer
Do you want to be remembered for achieving FIRE at the age of 40 or having been generous with your time and money? What really lives forever? You, or the stories about you? A world that lives for the current generation is likely one with no future generation. Is it about how much you get or how much you give?
We spent more than 4 hours along a short 2km stretch of the Singapore-Malaysia second linkway last Saturday morning. It didn’t exactly feel that long as I was in good company and found it entertaining to watch how the buses, lorries, motorcycles and some defiant motorists use the left road shoulder as their fast-track lane.
It was interesting how some of the vehicles steered by really experienced drivers weaved in and out of the road shoulder and then moved to the middle lane at different points of time. The drivers were assertive but relatively patient, finding every opportunity they have to inch forward and wedge between the gaps between 2 cars in the adjacent lane.
There seem to be some kind of logic in the flows and it is questionable if there’s any kind of real queuing justice in the entire journey because there were merging and then diverging lanes. Fortunes of the vehicles could quickly change at these points. And everyone had to be on their toes.
It’s tiring to be driving in a jam because not only are you not making any progress forward but you’re competing to gain just tiny advantage and constantly watching that advantage to avoid losing it. I find this to be an analogy of living in Asia where there’s a lot of competition over very small rewards. Innovation is numerous and difficult to compare. There seem to be some invisible hand that is not just sorting and ordering of quality of ideas but who are behind those ideas. Who you are may determine if you would be penalised for using the road shoulder, and what you know might help you gain a small upper hand or two but overall, the society is held back by the cross-cancellation of the various innovative forces.
Our lives are limited in many ways but more so by our perspectives than anything else. Time is one perspective by which we limit our lives. In some ways, it is sombering and perks us up but the urgency to accomplish things doesn’t always help. In that sense, the perspective of time as a resource otherwise wasted rather than an input to possibilities, limits us.
Then there is the dimension of money. Because money can buy more and more things, we become increasingly overwhelmed by our limited ability to generate income and wealth. The reason why get-rich-quick scheme works and why greed is pervasive is that we fear that material needs catches up with us. In the market system, money is our vote of some kind, the power we have to grab our share of possessions and material in this world. If we don’t get hold of enough money, we also lose our share of the society’s production. So then life gets caught up with that, with trying to get our share of production by trying to produce or to divert. And in the process we limit our lives to the material, even as we pursue experiences that money can buy.
Money, time and numbers/metrics were gifts to our lives, meant to be additions and blessings but instead they end up limiting our lives. Because of the way we have come to perceive them.
So I continue my 800th post no longer continuing from the streak I had nurtured over the past two years or more. It doesn’t mean anything as long as I don’t allow it to. Streaks work because it helps build habit and some kind of psychological strength. But if the streak is short, it is way harder to resume when it is broken. Maybe it has to do with having established our expectations of ourselves.
For me, the short pause in writing was during a period of genuine break from the distractions of the world and for the first time since the pandemic started, I had some kind of real rest. One that was more extended than what I had since 2019.
I realised how much more we have drifted from being human, the kind of expectations we have of ourselves and society. There were much bolder and better expectations we can have but we choose not to, rather falling back on productivity and some numerical metrics. What about being kinder, or more patient, or caring better for others? What about refusing to do anything that can cause me to feel ashamed should I have to account the deeds to my family, or a journalist, or the world?
There are better high expectations we can have of ourselves. They are waiting for us to adopt them.
Taking a short pause from the consecutive days of posting. This is the 799th consecutive post since I started posting daily. The target was to keep this going. This special week however, I’d like to devote to thinking, reflecting a lot more about my faith and spiritual walk so I’ll be taking a week-long pause from posting my views on various things. I’m sure there will be new ideas coming along.
The market values goods and services. And it also values the revenues generated from them. That’s what the capital markets are doing. What is interesting is that the capital markets have its own taste and preferences despite what we consider about rationality of businesses.
A dollar of revenues from unpopular industries can be treated as less than one from the ordinary industries. Just as the dollar of revenues from more popular industries can be seen as being more valuable.
At the moment, climate related businesses gets their chance in the limelight. And in the same vein, the coal businesses were being battered. Yet one can still consider all that rational considering the regulatory risks and issues around availability of feedstock to continue operating.
So is the value of a dollar from different businesses the same? Ultimately it is a question of what you think is the purpose of a business: to make money or to serve the customers.
We perform a lot of demand forecasting for energy players and increasingly we need to forecast energy or fuel use for other industries. Often the players are thinking about greening their production, supply chain, etc. so we are forecasting how much fuel will be needed, or fleets of ship, volume of goods, amount of energy consumed.
In the climate transitioned world, we envision a greener version of our world when actually, it’ll be a different world altogether. It will not be the same as the one we are in today. For example, the energy content of hydrogen or green ammonia is a fraction of what we currently use as maritime fuel. If long-haul vessels are to switch fuel, they need more frequent refueling and bunkering activities will no longer be as concentrated as today. What will happen to Singapore as a bunkering hub?
Likewise, if companies are starting to be concerned about Scope 3 emissions, are we sure they would just pay more for green logistics? Won’t they procure more of their supplies locally? If we care about sustainability, will we not change our supply chains to switch out carbon-intensive materials.
The metrics around overall goods demand and where they come from will change fundamentally in a climate-transitioned world. ESG or climate is not just compliance, regulatory risk and reporting.
I wrote about how people can’t solve problems that they are not willing to have. Yet one has to master the art of picking the right problems to work on as well. There had been times in my life when I wasn’t sure which problem to pick on dealing with and my attention became so diffused I wasn’t actually solving any problems but simply touching and going.
A lot of that life was during my previous career. We were often under a lot of pressure to do many things and deal with lots of problems with limited resources. And the result was the need to frequently and quickly get through a problem, declare it solved, and then go on to another one. There were long term issues, and shorter term ones. And one must learn to be able to prioritise them, as well as to properly trade-off resources across the long and short term challenges.
That prioritisation eventually becomes another challenge in itself. And this sort of self-referencing issue keeps popping up over my professional life. I discovered the importance of setting up buffer time for planning, to set aside budget for solutions to manage budgets and to ensure sufficient rest to be able to actually be producing more. Often times, we don’t recognise that the problems we pick naturally lend themselves to some peripheral problems that we need to deal with. That problems actually comes in a package when we are picking them.
I first heard about this as a question around which came first and the challenge of studying causality in somewhat circular systems. But then it was also characterised as a problem when we want to develop a new system to displace the prevailing one. It is some kind of situation where you need something to start another and you need the other to get the something you need.
Classically, if you want a thriving business, you need customer, stakeholder support but in order to do that, you need to have the business first. Or that you need capital to build a business but then quite likely the route to getting money for capital is to have a business. When success builds upon success, based on what you can observe, then you have a chicken-and-egg problem on hand when you want to create the success to begin.
Essentially anything that involves some kind of circularity exhibits this kind of problem when it needs to be first put in place. Several strategies have been looked into for this problem. There’s bootstrapping – which generally entails squeezing out some resources from existing pockets/spaces to be able to get the first bit of results which will drive more. And then let it snowball.
There’s the ‘fake-it-till-you-make-it‘ approach, which involves essentially lying to at least a small group of stakeholders to get them onboard in order to bring in the others. I do not recommend this. Finally, you could also take immense amount of risks, exhausting resources, adopting the ‘build-it-and-they-will-come’ approach.
Governments in particular do all three a lot. And it can be wise to learn from them when it comes to business. Sometimes they can be good entrepreneurs.
There is a collorary to our economic system in nature. It’s not considered a single subject or discipline but involves a mixture of physical geography with ecology, biology and so on. Nature is truly circular to the extent that the outputs of one system feeds into the input of another and the overall grand scheme of things is in a kind of dynamic equilibrium that eventually shifts over time.
For a while humans have mimicked nature in creating circularity in our economy. And then we gave up because it was easier to scale things up and create wastage in order to fulfill profit motives. The unequality in an economy, the more wastage is produced because production gets inevitably skewed towards satisfying a demand that is aligned more to the distribution of “means” rather than a distribution of “needs”.
Nature behaves differently because the currency of nature is multi-dimensional and rich. There is no “monetisation”; nature do not base its value on a single commodity. You can’t exchange one calorie for another easily within the diet of most animals.
Real circularity involves richness that the industrial capitalist manner of approach cannot replicate.
Kevin Low 
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