Systematic Innovation: An Introduction to the Theory of Inventive Problem Solving (TR12) Book

Jim Rogers, excellent as ever. This is a very short read, but it is something that everyone should read, and one day when I have children, they will definitely read this book --- ideally, yearly.

I'm fortunate, in that it seems that these things do come naturally to me, but Roger's has done a great job distilling these points into easy to communicate parables.

> Trust Your Own Judgement. The mob is usually wrong. Ignore them. Go your own way.

> Do What You Love. It's not about the money, it's about the journey, which always ends the same.

> Don't Give Up. No matter what you do, don't stop. You're never done. It's never "enough".

> See The World. Don't have a nationalistic viewpoint. Have a global prospective.

> It's Never Different. There never will be a "new economy".

> Boys need Girls more than Girls need boys.

Another Reader's Summary:




* Swim your own races

- do not let others do your thinking for you;

- rely on your own intelligence;

- it's important to decide for yourself what's important to you and what you want before you turn to others;

- if anyone laughs at your idea, view it as a sign of potential success;

- be who you are; be original; be bold;

- above all, be ethical;

- save ~ you must avoid the trap of spending $ willy nilly simply because you can;

* Focus on what you like

- Age is irrelevant when you are passionate about a goal;

- when you find something that interests you, just do it!

- The quickest way to success is to do what you like and give your best;

- Dedicate yourself to what you feel passionate about;

- Try as many things as you can, then pursue the one about which you're passionate;

* Good habits for life

- Be a self-starter;

- Attention to details is what separates success from failure;

- However trivial it may seem, you must research and check each and ever piece of information you need to make a decision... Only through meticulous research will you obtain the knowledge necessary for success... it requires abundant work and diligence...

- There is no such thing as "enough". No finish line!

- Live your life with a dream;

- If you continue to be passionate and work hard at what you truly love to do, you eventually find that dream;

* Uncommon Sense

- Always consider alternative interpretations;

- Seek out multiple perspectives on the same story will always help you figure out the truth;

* Your education ~ Let the world be a part of your perspective PART 1

- Do not rely on books; go and see the world;

- Experience life as they do; see the world from the ground up. By observing ordinary life... you will forever be stumbling upon experiences that will raise important question in your mind ;

- Understand the significance of BRICs;

- Be open to people who are different whether at home or abroad;

- Keep an open mind and be a world citizen;

- Be eager to move if you see opportunities;

* Your education ~ Learn philosophy and learn to think PART 2

- Philosophy will teach you how to think for yourself;

- You must learn to think at a profound level if you want to understand yourself and what's important to you. You must know yourself if you want to accomplish anything in life...;

- To think outside the established framework, to examine things independently this is true philosophy...;

- Draw conclusions from your observations as well as on the basis of logic;

- As an investor, look for the bull and the bear;

* Your education ~ Learn history PART 3

- An interest in history, politics, and economics will help you see the world with clearer perspectives;

- Nothing is really new: what is happening now has happened before and will happen again;

* Your education ~ Learn languages (make sure that Mandarin is one of them) PART 4

- Mandarin will be the next global language;

- Pay attention to the major changes taking place in the world now, especially China;

* Know thyself by understanding your weaknesses and acknowledging your mistakes

- Know who you are;

- To be a successful investor you really need to understand psychology, history, and philosophy;

* Recognise change and embrace it

- Everything changes. Everything;

- Embrace the principle of supply and demand;

- Change can be a catalyst;

- Adapt or die;

* Look to the future

- Read the newspapers, but think differently;

- Pay attention to what everyone else neglects;

- If you are looking for success, be quick to start something new, something that no one else has tried;

- The more certain something is, the less likely it is to be profitable;

- Do not think in terms of what you wish (ergo, wishful thinking versus willful doing);

- Know when not to do anything;

* Lady Luck smiles on those who continue in their efforts

- Do your homework'

- If you let vanity and self-importance (ego) take over, you will lose all that you have achieved;

- Never let yourself become arrogant. Study hard. The more you learn, the more you will realise how little you know - armed with this humility, you will never lose sight of the distance between self-confidence and self-importance;

- Do not stop when you are working towards your dream;

* Epilogue

- The devil of life is always in the details;

- Anything that is a must-see, must-try, must-read, must almost certainly be avoided, especially if it is popular;

- Use good manners no matter where you are or whom you meet;

- Learn to do as much arithmetic and figures as possible in your head;

- Take care of yourself;

- Learn to stay calm;

- Once you do get to know and understand yourself, remember who you are and stay with it;

- Don't be greedy