José Neves, Farfetch Founder & CEO
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Managing a hedge fund as a value-investor is a dream come true!
I tell people to activate their inner honey badger. Even your professor should not be free from criticism.
You may become rich, engage in philanthropy and help a million people but the only way you can help a billion people is by building a profitable business. Making money has almost become a taboo! People say, 'oh my god! You're making money?' and I say, 'you know what? I'm so proud that my business makes money… it's the only way I can scale and make a huge impact…'
We need to get out of the peacetime footing that we are on and we need to get onto a wartime footing against this climate crisis. During World War II, the US allocated 50% of GDP roughly to fighting, and I believe we need to get to 50% of GDP sustained over 5 to 10 years.
A fantastic business stumbles onto something psychological which just gives it a fantastic edge. Netflix's killer psychological hack was 'have 3 DVDs at any one time, watch them as often as you want, change them out as often as you want, £19.95 a month. No late fees ever.' That turned into a business worth billions.
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