Well credit, as you say, makes the world go around, but we want the right amount of credit. Too little credit and the economy can't grow, too much credit and the economy becomes unstable and we have the great financial crisis. So we need to find that proper Goldilocks point in the middle.
— J. Doyne Farmer Complexity scientist & founding director of Santa Fe Institute's Complexity Economics programEntrepreneurship is on a pedestal; everyone wants to be one. Here's the truth, it sucks. Entrepreneurship is hard and almost everyone loses. You genuinely have to like getting beat-up. You genuinely have to like conflict. You genuinely have to have an enormous amount of patience.
Your attention hasn't collapsed, it's been stolen from you by big forces. Once we understand those forces, we can begin to build meaningful solutions.
We see ourselves as the long term creative and strategic partners to our clients and that word – partner – is really important to us. We will put intellectual, human, financial capital around the ideas of our clients and make them happen. A manager is about somebody that has an opinion, who has the ability to take your dream from inside your head to a reality.
We are the same people, physically: today, we have no additional neurons, no better wiring. But our tools for thinking – our ideas, hypotheses, theories, models – are marvellously improved. The only reason we are better at thinking and doing things now is that we accumulate knowledge and pass ideas and information from one generation to the next.
Martial arts gave me my identity, my purpose, a passion for a pursuit in life. I wasn't particularly good at sports, I didn't have many friends, and was a bit of a loner. Martial arts changed everything. I finally found something I was good at... it became my identity... it helped my confidence... it gave me a social circle!
In December 2007, Listed credit derivatives stood at USD 548 trillion - to put that in context, The GDP of the entire world is USD 50 trillion. On top of the listed credit derivatives, there was also an OTC derivatives bubble which had a notional face value of USD 596 trillion.
I believe a key issue is this newfound ability to hide behind our screens, which gives a false sense of impunity, allowing people to express themselves without restraint. Moreover, the surge in social media use seems to be edging out genuine social interactions. The more time we spend glued to our screens, the less we engage in meaningful, real-world exchanges.
The Stoic concept of courage is about letting reason prevail over emotion. Risk naturally triggers fear—fear of a bad outcome. But using reason to manage risk means applying a more analytical approach, almost like a mathematical assessment of risk and reward.
When it comes to guns, the trend of covering of mass-shootings leads the public to think the big problem is mass shootings. However, the big problems are suicides, domestic violence, known people, and gangs shooting at each other.
The problem is that you put cells in the same vat and ask them to grow and they're producing ammonia, you're going to have a nice glass of urine! We must solve all of that!!
Mirroring is a crazy skill, it's so insanely effective. If you explain mirroring to people, they're like nah, that shit'll never work – but it's huge. Just repeating the last 3 words of what someone said or picking out 1-3 words from the middle of the statement, can get you the outcome you need. Using mirroring, you feel like you can work Jedi mind tricks!
While a quantum computer could certainly cause significant economic and social disruption if used to break encryption, it does not pose the same kind of direct, physical threat to humanity as nuclear weapons. The situation is somewhat mitigated by the existence of quantum-resistant or post-quantum cryptographic schemes.