We are facing the mother of all debt crises. When you look at the data on private and public debt, the debt to GDP ratio was near 200% of global GDP in 1999, today it's more like 350% and rising. In advanced economies, it's over 420% and in China, 330% and rising.

I think transparency in this sense is a red-herring. A multi-strategy hedge fund could give an investor or the SEC it's daily trade blotter and accomplish 'transparency,' and the recipient would have no idea what to make of the trades.

Stay undefined and stay curious. Our world is changing so rapidly that the only way to survive, thrive and adjust is to have a deep and constant level of curiosity.

Today, information is omnidirectional – you have to respond to it immediately- and you have to empower people, in the field, to make decisions, or you will fail. Leaders today are far less involved with telling people what to do, and much more involved with setting goals and providing guardrails.

Comedy chips at people in power, particularly those who use tyrannical power. It strips their fake respect, and destroys the fake fear they create; and these are people who rely on being respected, and being feared. Comedy and satire make the emperor look naked.