Forming a board or similarly high-level leadership team is an inevitable part of your entrepreneurship journey. Often it can happen organically, as part of the normal growth of your business- or sometimes, particularly in the case of businesses attracting external investment, it can be something which is done early- before…

Thought Economics

Scientists, scholars and academics have yet to define genius, yet the concept is rightly applied to those exceptional individuals who, through their art, their science or their enterprise, create unique changes in our thinking, or our broader-world. Genius carries a certain mystical quality, distancing it from even that which we…

Thought Economics

By: Vikas Shah, Originally Published at AllAboutAlpha.com Factory farming is a brutal endeavour.  In this environment, chickens (and other animals) are given a variety of feeds and chemicals (stimuli) designed to make them grow as big as possible as fast as possible and hence maximise output.  In truth, factory farms…

Thought Economics

By Vikas Shah (Originally for AllAboutAlpha.com) Modern markets are hugely complex environments.  CME Group for example, trades over 3 billion contracts (with a notional value of over U$1 quadrillion) each and every year.  Alongside this, many of the world’s largest companies such as Google, Alibaba and Amazon (with market capitalisations…

Thought Economics

In entrepreneurship, delegation is often seen as perhaps something akin to a four-letter-word. I have met countless founders over the years who have been nothing short of insistent that they should know every last detail about every part of the business. We’ve all met the sort before, the archetypal ‘micro manager.’ The problem remains however, that as businesses scale… the want to know everything may not leave you, the ability surely will. A key part of every entrepreneur’s toolkit therefore has to be the ability to delegate.

Thought Economics

“Macroeconomics has not done well in recent years…” writes Nobel Laureate Joseph E. Stiglitz, “The standard models didn’t predict the Great Recession; and even said it couldn’t happen. After the bubble burst, the models did not predict the full consequences.”  In a hugely relevant recent paper titled “Reconstructing Macroeconomic Theory…

Thought Economics

Each and every year, I have the pleasure of judging at the Rice Business Plan Competition. Tens of thousands of enterprising students from around the world compete, with a handful making it to the finals in Houston, Texas. At this incredible event, student entrepreneurs pitch to the crème-de-la-crème of global…

Thought Economics

Money is a strange phenomenon. Our modern notion of it mean that (in essence) it is intrinsically useless apart from as a medium of exchange. Our government, regulators, law and communities agree that phenomena (whether a physical banknote or an electronic ledger such as a bank account) have certain value,…

Thought Economics

  Many of recent history’s most significant market events have manifest in what was (previously) the extreme of the market.  These “bubbles” and “crashes” follow power laws, meaning that (in theory) they could reach any size and fundamentally threaten the functionality of the entire financial system. Typical central-bank and policy…

Thought Economics

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