The document discusses trends and trendspotting. It defines trends as directed movements or behaviors that imply change over time, while fads are short-lived behaviors or interests that are highly popular for a brief period. Trends are longer lasting and more widespread than fads. Trendspotting involves identifying patterns and emerging trends by gathering information from direct immersion and engagement with people and events. It is an important skill for predicting future trends and gaining a competitive advantage. The document provides guidance on analyzing trends and projecting their potential future developments based on driving and enabling forces, as well as friction from social norms and values that may slow or block change.