An appreciation of entropy is necessary to grasp that we are not entitled to wellbeing, progress, comfort, or health. The forces of the universe are- at best, indifferent- at worse, antipathetic- to our interests. Left to their own devices, things get worse.

To be a billionaire in America today is less a matter of merit than it is a matter of being at the right place at the right time, and being a beneficiary of a set of rules designed to benefit billionaires.

Some of the most valuable lessons are not from seeing how they've dealt with success, but how they've dealt with failure and come back stronger and more determined to succeed.

Financial markets depend on trust, and we had precious little trust as it was. The LIBOR scandal has done nothing to restore that trust. We have to do a lot more work on our regulations, procedures and regulators to re-establish that level of trust.

Research shows that empowering women to gain financial independence generates lasting impact, with women typically investing 90% of their income back into their families. In addition to this, McKinsey estimates that if women and men were to play an identical role in labour markets across the world, an extra $28 trillion would be added to the global economy by 2025.