This is great video, and probably needs to be considered by our financial world.
Sir Ken makes some great points about education, and preparing students for the future.
People entering the workforce today will be retiring in 2065, as we have no idea what the worlds going to be like in 5 years, let alone 40 years, how do we prepare them for that!
His point that Schooling curriculum's go back to the 1950s 60s and were put in place to meet the needs of industrialists is an interesting one.
As our economies have moved on from industrialization, we should put more effort into modifying our curriculum's to encourage creativity.
Another observation is how our education system trains us to be scared of being creative and making mistakes, that gets worse as we become Adults.
If your not prepared to be wrong, you will never come up with anything original.
Its not a big step to take his ideas further and theorize that our economies are now being run industrialists, that have little creativity, and by people that are scared of making mistakes.
All our central banks are being run by people schooled in the 50s and 60s.
Negative interest rates don't look very creative to me!
And we have to be much more creative in our thinking about investing.
We need more creative companies in our portfolios, my thinking is that Google is a lot more creative than BHP.
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