Joe Zammit-Lucia on Political Capitalism & Business
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I genuinely believe that if music comes from your heart and soul, that people will hear that and will be able to connect with the truth of it. For a musician, that's really important- you have to be true to yourself and to the feelings you have when you make music.
We should not assume that there is one single benchmark for all types of financial transactions. There are certain transactions that should be based on market rates, and others which call for the kind of benchmark that LIBOR provides.
It's only when you look back that you can connect the dots to where we are right now. All of us go through things that make us think, 'this makes no sense, why is this happening to me!…' but when you look back you realise that had it not been for 'that,' you wouldn't have had that opportunity… that meeting… that chance… that love.
The area under the curve over time is greater if you keep your prices low than if you jack them up to maximise revenue. I'd get kicked out of a business school for saying something like that, but it's true.
The people who do better are somehow better connected. In other words, there is an inherent logic in the idea that the more connections individuals make within their communities the better off they will be emotionally, socially, physically and economically.
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