Ep. 693: Terence Tse Interview with Michael Covel on Trend Following Radio

Terence Tse
Terence Tse

Subscribe to Trend Following Radio on iTunes

Terence C.M. Tse is an educator, speaker, advisor and commentator. He is a co-founder of Nexus FrontierTech and co-author of “Understanding How the Future Unfolds: Using Drive to Harness the Power of Today’s Mega Trends.” His mantra is “You can’t predict the future, but you can be ready with a plan.”

Terence’s book focuses on a term he calls “Presentcasting.” He does not promote forecasting but rather teaches people to look at what’s in front of them and see how things are unfolding in current time. He has created the acronym DRIVE – defining 5 interrelated mega trends: demographic and social changes, resource scarcity, inequalities, volatility, complexity and scale and enterprising dynamics. These are the five directions Terence points clients in when they start thinking about improving their lives.

What is one way to step outside the box and get a better look at trends unfolding? Travel. Traveling is crucial to seeing the speed in development and change happening around the world. Desire to climb the economic ladder is not exclusive to one culture or another. Everyone is looking for the same economic wealth. Most cultures promote the desire to get a college degree, however this leaves young adults lacking the ability to take risks. The education system trains students to study, take exams well and work in certain defined jobs. However, in today’s world learning how to deal with uncertainty, have an entrepreneurship mindset, and take a little risk are the skills that will help young adults get ahead an prosper.

In this episode of Trend Following Radio:

  • Preparing of uncertainty
  • Entrepreneurship
  • Economics abroad
  • New technology
  • Rise of the internet
  • Disappearance of white collar jobs
  • Student loans

Mentions & Resources:

The Author