Nearly 1,000 lots from Karl Lagerfeld's estate are soon to go up for auction. I was reading about it over the weekend in FT and, what is obvious, is that Lagerfeld liked to collect things. He had homes all over the place and in those homes were lots of nice things, ranging from art and tapestries to unique furniture and iPods.

Yes, he really liked iPods. After he passed away, over 500 of them were discovered in one of this drawers and another 70 were found in his office in Paris' 7th. Apparently he used to curate music on them and then gift them to people. It was one of his things.

Of course, Lagerfeld was a wildly successful fashion guy and his estate is surely pretty unique. But I think it's important to keep in mind that to collect is a deeply human endeavor. We have been doing it forever. And in this context, it's not surprising at all why non-fungible tokens (NFTs) have taken off in the way that they have.

Our world is profoundly digital, but before blockchains and NFTs, we were missing a way to validate ownership over digital assets. That's no longer the case. For more on this, here is an interesting TEDx Talk by Roham Gharegozlou, who is the CEO of Vancouver-based Dapper Labs (the company behind CryptoKitties and NBA Top Shot). The talk is from 2018, but it's just as relevant.

As many of you know, I am huge of Malcolm Gladwell. And one of the things that he has popularized through his writing is this idea that we all need to spend at least 10,000 hours specializing on someting in order to become truly exceptional at it. The Beatles did this because of all the time they spent playing music. Bill Gates did this because he was fortunate enough to have access to a computer at an early age. And Tiger Woods did this because his father gave him clubs as a toddler and got him to start practicing the game of golf. But is this truly the rule or the exception?

In this recent TEDx Talk by David Epstein (embedded above), he argues that we're actually ignoring one of the less intuitive but more common journeys. For every Tiger Woods, there are many Roger Federers. For every success story that hyperspecialized at an early age, there are countless examples of dilettantes who dabbled -- and perhaps struggled -- across different fields, only to find their true passion later in life. And so while it may seem like they're not making progress, or even falling behind in the short term, this may not be the case in the long term.

All of this reminded me of a post I wrote early last year about finding meaning in life and business. In it, I cited an article from New York Times Magazine recounting the outcomes of Harvard Business School graduates -- some of which went on to be happy and wildly successful, and some of which ended up miserable after school. The takeaway here was that non-linear paths, experimentation, and a bit of struggle along the way, is nothing to be ashamed about. In fact, it may be exactly what is needed in order to prepare for today's increasingly complex and wicked world.

The idea of providing everyone with an unconditional “basic income” is a popular topic these days – though it’s clearly not a new idea. I know many people today who think it is positively inevitable. At some point in the foreseeable future, inequality will reach such extreme levels that we will discover the need to give everyone free money, without any strings attached to it.

Below is a TEDx talk by Rutger Bregman where he explains why this is what we should be doing. One of his examples is a study that was done in London where they gave a group of homeless people free money. What they discovered was that they didn’t just go out and buy alcohol and drugs, which is what some of you may be thinking. They did positive things with it. They became empowered.

If you can’t see the video below, click here.

[youtube https://www.youtube.com/watch?v=aIL_Y9g7Tg0?rel=0&w=560&h=315]