Magical thinking is a bi-product of cognitive process that were useful in our evolutionary survival. We're so good at pattern matching that we see patterns everywhere, even when they don't exist. It's better to believe the movement in the dark is a tiger, rather than the wind blowing thru a bush. Its better to be wrong on that, than the other way around.
— Christer SturmarkAbraham Maslow (a famous psychologist) once commented, 'if all you have is a hammer, everything is a nail'. Investors currently have a hammer, and that hammer is economics.
For me, it's about the power of storytelling. Everything we do is rooted in story. People resonate with stories. I can't tell you how many times I've sat with some of the most famous or richest people in the world, and when you share a story, you can see them reflecting on their own families, their own experiences.
For me, one of the big gaps is youth entrepreneurship. There are a high number of young people who want to set-up businesses, but there is a huge gap between their aspirations/intentions and the actual delivery of setting up a business.
In the business world, we need to focus on the 4-Cs. Firstly, Customer. Secondly, Competition. Thirdly, Comfort. It doesn't matter how successful you are, how much market share you have, if you're in your comfort zone you will leave yourself exposed. Fourth, Courage. You have to be prepared to take tough decisions. Cowardice pushes the day of reckoning out, decisiveness brings it closer.
What's the business hip hop of this post pandemic world? Who's going to be the Rapper's Delight of the post pandemic world?
We're the mammal that likes Tabasco sauce! We're the only creature (as far as we know) that seeks out suffering and pain willingly. We do so not just through liberal splashes of Tabasco on our food, but also through seeking meaning through activities.
Power is not the sense we think of in politics, or great leaders doing dastardly things for political advantage. I think of power at an individual level- people want a degree of control over their lives. You want to shake-off the deeply unsettling feeling that you cannot influence your children, spouse, colleagues, and boss.
It is essential to think about it systematically and to include demographics as it's the study of people – who we are, where we are- people are the foundation of every society. There is a lot of misunderstanding about demography and one of the biggest misunderstandings is that it's destiny. If it's, destiny, it is not that interesting to study, but it's not destiny.
The unintelligibility of suffering adds insult to injury. I don't think we can have reassurance that 'it's always for the best', but I think we can understand what's going on. The craving for understanding for many of us is deep, and philosophy can help us overcome that frustration.
We live in a society where our pursuit of authenticity is more important to us than ever, but we've created a society which is also extraordinarily fake. I want to understand this and understand how we can fight back.
Ageing is malleable, we can control it. 20% of our health in old-age is due to genetic factors, and the rest is due to our lifestyle. We can measure this clock. It's literally measuring chemicals in our own DNA. Here's the good news…. That number can be changed. If you smoke, if you don't exercise, if you eat lots of fatty foods, that number will accelerate and if you do the right things, perhaps even take some medicines, you can slow that number down – even reverse it.
Impact investing starts from the other end. It starts with an issue… this could be a problem, a social issue or so on. Impact investors start with an issue and then try to build a viable, sustainable financial model around that.