Scientists, scholars and academics have yet to define genius, yet the concept is rightly applied to those exceptional individuals who, through their art, their science or their enterprise, create unique changes in our thinking, or our broader-world. Genius carries a certain mystical quality, distancing it from even that which we…
By: Vikas Shah, Originally Published at AllAboutAlpha.com Factory farming is a brutal endeavour. In this environment, chickens (and other animals) are given a variety of feeds and chemicals (stimuli) designed to make them grow as big as possible as fast as possible and hence maximise output. In truth, factory farms…
By Vikas Shah (Originally for AllAboutAlpha.com) Modern markets are hugely complex environments. CME Group for example, trades over 3 billion contracts (with a notional value of over U$1 quadrillion) each and every year. Alongside this, many of the world’s largest companies such as Google, Alibaba and Amazon (with market capitalisations…
“Macroeconomics has not done well in recent years…” writes Nobel Laureate Joseph E. Stiglitz, “The standard models didn’t predict the Great Recession; and even said it couldn’t happen. After the bubble burst, the models did not predict the full consequences.” In a hugely relevant recent paper titled “Reconstructing Macroeconomic Theory…
Each and every year, I have the pleasure of judging at the Rice Business Plan Competition. Tens of thousands of enterprising students from around the world compete, with a handful making it to the finals in Houston, Texas. At this incredible event, student entrepreneurs pitch to the crème-de-la-crème of global…
Money is a strange phenomenon. Our modern notion of it mean that (in essence) it is intrinsically useless apart from as a medium of exchange. Our government, regulators, law and communities agree that phenomena (whether a physical banknote or an electronic ledger such as a bank account) have certain value,…
Many of recent history’s most significant market events have manifest in what was (previously) the extreme of the market. These “bubbles” and “crashes” follow power laws, meaning that (in theory) they could reach any size and fundamentally threaten the functionality of the entire financial system. Typical central-bank and policy…
It’s quite conceivable that the grandparents (or even parents) of the future will be made to feel even more archaic as the young of that generation look at them quizzically and state “…are you serious? You used to use bits of paper as money?!” Money is a cultural abstract. It…
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We've entered a geopolitical recession, where the old US led world-order is unwinding. This isn't just a Trump issue- it's about Europe, BREXIT, about Russia undermining the US and the West, the rise of China and its alternative political and economic models. The geopolitical recession is exacerbated by the lack of anyone being willing or able to take (or replace) the American role- thus, we are left with an enormous amount of instability, and little resilience.
Success for me has been the ability to change my life, change my family's life and help a lot of other people. Athletics has brought me fame and fortune and I enjoy using it to help those around me and those less fortunate.
For me, the key has been to become more and more humble over time in a way that I realise that I shouldn't be interfering with the magic and beauty of what an entrepreneur can do.
Nuclear weapons continue to be built for basically two reasons: power and prestige. In almost every case where a country has decided to acquire a nuclear weapon they have done it either for power—the power to protect their country from external threats or a desire to project their power in the region.
In line with most highly-tuned talents, I absolutely believe that entrepreneurship is a genetic gift that you're born with. What you do with that gift depends on your upbringing, opportunities and inspirations; you either make them massively better or neglect them.
Ten in-depth articles distilling insights from over 550 interviews with the world's leading thinkers, creators, and changemakers.