Financial Advisers, Future Predictions, and Three-Breasted Mars Women

“Baldrick, I have a very, very, very cunning plan.” – Blackadder

I wonder if she inspired the military-industrial complex speech?

Financial advisers have a pretty standard set of advice:

• Get a job. Opening your own business is risky, so it’s best if you work for someone else.
• Max out contributions to your 401k. Put your money in stock index funds.
• Work forty (or more) hours per year for forty (or more) years, depending on how much you lost in the divorce settlement(s).
• When you are of no further use to the corporation* anymore financially ready, retire. Fortunately, by the time you retire you’ll be so exhausted from all of the hours working that you’ll (ideally) just sit on your porch in a daze staring off and wondering where your life went and why Bob Barker isn’t hosting the Price is Right® anymore.
• If you’re lucky, your kids will put you into a retirement home that doesn’t require that you manufacture basketball shoes for Nike® on a quota in exchange for individually wrappedhard candies.

That’s pretty much what a financial advisor will tell you, if you strip out the cynicism.  But why would you strip out the cynicism?  That would take all the fun out of it – we ain’t getting out of here alive, so might as well smile on the way, like Socrates did after his trial.  “I drank what???”

The problem with financial advisors, however, is that they give great advice based on what worked in the past.  Any weather forecaster can tell you that the best possible weather forecast is that “tomorrow will be just like today,” since it’s 85% certain that’s going to be correct, or at least my statistics professor in college said so.  The past really does predict the future pretty well.

Except when it doesn’t.

The thing the past doesn’t predict well is tornados, hurricanes, floods, volcanos and pollen.  I strongly support just calling them all torhurflovolpols just so I can see television broadcasters talking about the Torhurflovolpol index.  “Well, Brian, there’s a 45% chance of something on the Torhurflovolpol index.  So get out your floating waterproof asbestos crash armor with built in respirator.”  I think they sell those at Eddie Bauer®.

It is certain, however, that we will be really surprised by the events that lead to the future world we’ll be living in 30 years from now.  Let’s jump back into the time machine and go thirty years in the past and look at some of the ludicrous predictions that would have been laughed at, but were nevertheless correct.

In 1989, if I told you that:

• The Soviet Union would collapse in two years,
• Donald Trump would be president,
• China would be transformed from a communist totalitarian basketcase to an economic powerhouse and growing military power,
• The United States would produce more oil per day in 2019 than the previous peak in output in 1973 and OPEC would be irrelevant,
• People would willingly give all of their personal details to large corporations,
• Music and long distance phone calls would be essentially free,
• People would pay hundreds of dollars for “in-game” purchases on video games that seem more like a job than a game,
• Keith Richards would still be alive with his original liver,
• You could watch nearly any movie ever made, at any time, from nearly anywhere, and
• People in Britain would be called fascist for rejecting rule by Germany.

If you have a really long term question, just ask yourself, What Would Keith Richards Do?

You would have laughed if I would have predicted those things, or called me a dreamer, insane, or just shook your head.  The general consensus was all of the “predictions” above were absurdly unrealistic.  The Soviets, for instance, looked nearly invincible.  We were worried that they were masters of technology, producing better Olympians®, military tech, and Robotic Opponent Overlord Movie Boxing Antagonists (ROOMBA).  From the outside, especially listening to certain journalists, people were worried that communism would be the ism that finally took down the country, although they looked a bit too happy when describing our glorious communist future.

The Soviets looked invulnerable, until it was obvious that they were so pathetic that they couldn’t even field a decent hair metal band.

Dolph Lundgren, the actor who played Drago in the Rocky movies has a master’s degree in Chemical Engineering, which means that he’s way more qualified in science than Bill Nye® and could also break Nye like a twig.  I would pay $200 to see a boxing match between the two of them.

But these improbable things did happen.

This allows me to state, categorically, that the future we will have in 30 years isn’t the one you’re expecting.  It will surprise you in ways that you can’t even imagine now.  In hindsight, we all make up excuses in our minds to explain that we anticipated even the unanticipated.  After the Soviet Union fell, all of the broadcasters and talking heads on television made the point that, unlike other people, they were the ones that had really seen this coming.  “It was obvious to me, Brian, that the Soviet empire was just a house of cards.”

We can guess about the future in broad brush strokes, but the general wisdom just over a decade ago was that oil was going to be gone and that we’d be close to pumping dry holes right now and wearing football shoulder pads and studded leather jockstraps and living in the post-apocalyptic wasteland, sort of like walking into a Sears® or JCPenny’s™ in 2018.  This explains G.W. Bush’s energy policy, and, let’s be real, probably the invasion of Iraq.  Of major trends to miss, underestimating the amount of energy available for society was a doozy, even though he had the CIA, NSA, and every military intelligence agency working on that question.

And, I’ll admit, I never saw the amazing increase in oil production as a thing that could happen, either.  My best excuse for not getting it right even though I thought about it quite a bit was that I didn’t have a billion dollar budget and dozens of flunkies to do research on it, though I bet they would have just done a lot of internet searches on studded leather jockstraps.

But Qwest® had a pretty accurate vision of the future.  Qwest© was a communications company before it got bought out, but it had this commercial which means the future it predicted outlasted the company itself.  Guess Qwest™ didn’t have a crystal ball that could predict everything . . .

We can look to the past and paint in broad brush strokes some things that are more probable than others.  One thing that got me was a rainy Saturday re-watching of Total Recall, the 80’s Arnold Schwarzenegger movie.  One of the things I was surprised by was the amount of technology they got absolutely right, from big screen flat televisions to communications to real-time airport weapon detection.  In many ways, the “gee-whiz” feel of the original movie was just gone.  Technology had made the miraculous (back then) “so what” today.  And, again, this is the span of only thirty years.  We still don’t either a Mars colony or three-breasted women, but I hear Elon Musk is working on both.

Duh.  Three boobs exist only on Mars, silly.

Just like the collapse of the Soviet Union, unexpected things will happen.  Huge things.  And, if my guesses are right, the weather is ripe for big change in the next decade.  The changes, thankfully, will be good, bad, or just plain amusing.

So where does that leave you and I?  General Dwight D. Eisenhower said:  “In preparing for battle, I have always found the plans are useless, but planning is indispensable.”  As a direct descendent of one of his teachers (this is actually true and not made up), I always wonder if Great-Grandma Von Wilder might have said that to a very young Eisenhower first, and then Ike re-used it after planning D-Day when it was actually Great-Grandma Von Wilder who did the heavy lifting on the logistics after he pulled her out of retirement and into a tent in London.

But if I’m right, the next twenty years will be the most momentous in human history, even more than when the police chased O.J. Simpson in his white Ford® Bronco™.  I’m not sure if having a 401K or a 5.56mm is the number/letter combination that will be the most useful in a decade.  I’m willing to bet that living far away from large urban population centers is wise, even if we end up living in the world with the best possible outcome.  But I do know that planning is important, even if your plans are wrong.  Hint:  They will be.

Okay, I know someone is going to get this joke.

When you plan, you expand your mind, you think about future possibilities that you’ve never considered.  A mind not stuck on business as normal is crucial.  Yesterday’s weather be a good predictor of today’s weather, but it won’t predict volcanos very well.  The future is unknown.  The future will surprise you.  If you’ve prepared for the volcano, the tornado isn’t the same threat, but you’ll be ready to adapt.  Assuming you have your floating waterproof asbestos crash armor with built in respirator.  I think they sell that at Wal-Mart®.

When it comes to being prepared for the future, remember this:  It’s better to look silly having prepared for a disaster that never comes, than not having prepared for the disaster and having to explain to your children why you didn’t.

Bet you never hear that from a financial adviser.

*For the record, my view of corporations is that they’re a tool, a convenient legal fiction to allow Very Large Things to get done.  The very name “corporation” comes from the Latin root word “corpus” which means a “place to have spring break”, or a “body” – corpus is also where the word corpse comes from.  Regardless of the definition, either of those can get you put into jail.  However, “incorporation” means, “giving a body to.”  A corporation is legally a person.

And, just like people, some are naughty, even if they once had as their motto, “Don’t be evil.”  I guess being evil pays pretty well.

I am not a financial adviser, paid or otherwise, so there’s that.  But I have seen Better Call Saul™, and that’s at least some sort of qualification.