In a world that values speed, slow down
Technology has accelerated our money processes, but we cannot short-circuit the process of making good decisions
MANY years ago, I wrote an article in a previous column that was based on the documentary movie Food Inc. Director Robert Kenner lifted the veil on the food industry, exposing often shocking truths about what we eat, how it is produced, and what the cost to our health is. In the bid to produce food faster and at a higher profit margin for a world increasingly made up of fast food nations, farmers funded by big investors use methods to rear animals and grow vegetables, grains and fruits that produce food fast but can be harmful to our bodies.
I drew a parallel to the financial services industry back then. In the pursuit of faster revenue, financial institutions hired advisers en masse and rolled out processes to close a deal fast - all at the expense of quality advice. Sadly, more than a decade later, things do not seem any better. Why not? Again, the desire to be fast, often aided by technology, is the culprit.
On people
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