Who is wise? One who can tell what will be hatched from the egg that has been laid. Not he who can see the future — that is a prophet. Wisdom is seeing tomorrow’s consequences of today’s events.
-Babylonian Talmund, tractate Tamid
Rabbi Lapin’s seventh commandment to making money is “learn to foretell the future.” In this chapter Lapin gives a lot of advice that feels a lot like the traditional Porter’s five forces, SWOT and PEST analyses. Look for trends and patterns in the marketplace. Forces and how they came to be. Are the forces present due to a lack of market influence or the presence of one and is the influence likely to continue or not? Who seeks to gain from these influences? How do the influencers make decisions? What does that process look like? When is it likely to happen? Etc. All important things to consider when considering how things will play out.
The part that I liked the most about this chapter was an exercise to help your mind weigh all these elements. An exercise in ‘foretelling the future’ (Cue cheesy sound effect here). I have heard of a similar exercise in other books. One that comes to mind is Think and Grow Rich by Napolean Hill. It goes like this. Learn to flip the switch in your mind into receive mode when considering the future. Find yourself a peaceful place apart from interruption. Start by focusing intensely on a subject in the future. Take all the data you have on the subject and weigh it from every conceivable angle. From the top and then the bottom. From one side then the next. From within. From the outside looking in. From 10,000 feet then right along side it. When you feel like the angles from which to consider the topic have been exhausted switch your mind to receive mode by focusing intently on the sound of the birds, or the wind, or the traffic, or whatever it is that surrounds you right in that moment. Bounce from one stimuli to the next and let your mind grab hold of whatever comes its way. Go back and forth between receive mode and problem solving mode several times. Capture and consider the ideas that flash into your mind when in receive mode. Cool.
-A takeaway from Thou Shall Prosper by Rabbi Daniel Lapin
As always good books, takeaways, stories, and/or lessons learned on the subject would be the coolest.