They should be stress-testing their balance sheets and portfolios under a range of negative scenarios, and have sufficient capital and liquidity to withstand scenarios that are far out on the tail of the distribution of possible outcomes. The stress tests should account for potential bubbles in global asset markets.

There's a cliché that astronauts don't see borders- but we do. The India-Pakistan border is clearly visible from space, as is the North-South Korea border. You can see our politics playing out – you can see the glow of humanity thriving, and the absence of light where it doesn't. We need to figure out our politics – it really determines the quality of life for all.

Diamonds are rare, there haven't been any major finds for over 20years, and there are no major mines on the horizon. Demand- particularly in China and India- is growing rapidly, and in the very near future we will see demand outpace plateauing supply.

More money has been lost on the mismeasurement of risk than not having risk management at all. The battle is not won through being attuned to risk control. If your measurement of risk is completely wrong, it could be worse than having nothing in place.

True art, real art, real creativity, comes from somewhere else. It isn't about a picture or decoration- there's a divinity to it…