The notion of 'alternative' as an asset class sits badly with me because for me, saying hedge-funds – as an example – are an asset class is akin to comparing mutual-funds to being an asset class. The sheer diversity within these groups makes it difficult to define them as a class in their own right, given the complete lack of commonalities across the board.
— Dr. Bob Swarup“Whether we look at the rioters who converged on the capital, the Gamestop Redditors, Incels or Qanon followers, what they have in common is that they're groups of people who are lonely and craving community. Right wing populists have very effectively spoken to this feeling. Trump and Le Pen talk about the 'forgotten people' they say 'we hear you' – That fundamental need for human connection is missing for significant swathes of our population, and that's dangerous.”— Noreena Hertz
The quote archive
Wisdom in fragments
A growing archive of 3,000+ moments, drawn from every interview.
The Pritzker Prize recognizes not just technical excellence, but architects who have made a significant contribution to humanity through the built environment.
— Martha ThorneArchitecture has the power to democratize space - to create environments where all people, regardless of their background, can participate in civic life.
— Richard RogersRenowned British Architect & Designer of Iconic Modern Buildings
Cities are the future of humanity. How we design them will determine whether we create sustainable, equitable communities or contribute to further environmental and social decay.
— Richard RogersRenowned British Architect & Designer of Iconic Modern Buildings
The role of the architect is not just to create beautiful buildings, but to improve the quality of human life through the built environment.
— Richard RogersRenowned British Architect & Designer of Iconic Modern Buildings
Architecture is a direct reflection of society - its aspirations, its achievements, its failures. It's a mirror that shows us who we are and who we want to be.
— Richard RogersRenowned British Architect & Designer of Iconic Modern Buildings
We believe that by being open, honest and transparent with communities- they are more likely to protect, respect and patronise our projects. Our primary responsibility is to make money for our investors. That however, is not mutually exclusive to making positive change.
— K. Robert “Bobby” TurnerI typically think impact investing, on the whole, can generate better risk-adjusted yields than the alternatives.
— K. Robert “Bobby” TurnerYou may have gone to the best business school in the world and learned that the three most important things in real estate are location, location, location- but it's just not true! It's relationship, relationship, relationship.
— K. Robert “Bobby” TurnerI have not been an urban investor in re-gentrification, which tries to change the character of a community and, candidly, is very speculative. Instead I look at revitalisation, which constitutes investing in existing densely populated and ethnically diverse communities and delivering the goods and services that are sought after but not provided.
— K. Robert “Bobby” TurnerIf one wants to treat societal problems, then philanthropy and government spending are fine. If one wants to cure societal problems, one has got to come up with sustainable solutions- and that means attracting for-profit capital.
— K. Robert “Bobby” TurnerI grew up in Canada and have a lot of friends in Argentina. In the early part of the 20th Century, Argentina was wealthier and had a higher per-capita income than Canada. The country had severe governance issues which impacted economic and social development.
— Michael SpenceNobel Prize-winning economist; Stanford provost and NYU president
In the advanced countries, it is a very challenging time for people in the middle-income and middle-education range. They are being subjected to greater competition from labour saving technology.
— Michael SpenceNobel Prize-winning economist; Stanford provost and NYU president
There are two basic underlying reasons. Firstly dysfunctional politics and secondly economic mistakes.
— Michael SpenceNobel Prize-winning economist; Stanford provost and NYU president
At the end of this century 40-50 years from now, the proportion of our world's population who live in the developing world will have gone from 15%, 200 years ago, to over 85% – we'll be left with a very different planet.
— Michael SpenceNobel Prize-winning economist; Stanford provost and NYU president
The way to think about informational asymmetry is market by market. If you're in a supermarket buying lettuce, there are potential informational asymmetries. Someone may have used a bad fertiliser… even a toxic one… and you wouldn't know it staring at a piece of lettuce.
— Michael SpenceNobel Prize-winning economist; Stanford provost and NYU president