Architecture that Builds and Repairs Itself

Architecture that Builds and Repairs Itself

Link: TED.com – Rachel Armstrong – Architecture That Repairs Itself

The impact of innovation is easy to underestimate when assessing our future. We can’t be sure of the outcomes of various technologies that have yet to be discovered or implemented. Our concern is that our relationship with the environment will be compromised by our economic interests and our relentless pursuit of safety, comfort, and convenience. The unknown future impact of innovation is more than a financial consideration for your portfolio, the earth will be a winner too!

As investors, we prefer to own predictable businesses with “inevitable” outcomes. As a result, we’re attracted to businesses that have less to do with changing technology and more to do with wider and deeper moats around the business. Our approach is to focus on the important things that we can know for sure rather than what we can’t know with a reliable degree of certainty. There will be “tremendous” opportunities that we will miss out on, the advocates will be sincere and their stories convincing, but our first priority is to protect the money. Our best decisions will have more to do with the stories we avoid and the prices we pay, and less to do with the reliable successes we buy into.

One of the wonderful things about mankind is our ability to pass along our collective of information from generation to generation. The resulting improvements are responsible for a safer and more comfortable standard of living for most of mankind than at any other time in our history. Investing in high probability events, the inevitables, with a view toward a sustainable future is different than speculating on the business outcome of a single new technology. The human desire to improve our individual circumstance is a perpetuating driver of innovation. Living architecture is an example of innovation that makes our lives safer or easier, with sensitivity and consideration for the environment.

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