Many people speculate in BitCoin. It is approximately 8 times more volatile than the stock market. However, that is not the primary use of BitCoin. BitCoin is designed to efficiently and securely aid in transactions.

There is an honest trade-off between labour market protection and learning. If you have an extremely static labour market—like the high protection laws in France or Spain—you get stability, but you sacrifice learning. There is less transfer of knowledge because there is less reallocation of people to tasks or teams.

Monetary support for development in itself will not accelerate growth in the real economy to artificial or unsustainable levels. It is how the finance is used – or misused.

It taught me the difference between the two types of people in the world. Those that own the store, and those that scrape shit off the floor. You have to decide which one you want to be.

Status is kinetic. Those who have it can give it to those who don't. Anointment refers to these ritualistic events that can be major: in a biblical sense, you're anointed by a king and all sorts of good things follow. In modern life, you're anointed if you're admitted to and graduate from a prestigious university. But anointment also happens on a much smaller scale, many times a day.

What feels similar is the pursuit — by artists and entrepreneurs — of the actualization of an idea borne in their minds; and then pursuing bringing this vision to reality. Especially at the beginning, it takes just the right amount of delusion to dedicate yourself to something ambitious. The reality is you're more likely to fail than succeed and so you need strong belief to commit your heart and soul to an idea; as well as a bit of over-optimism (delusion) to make the sacrifices they are often called for to bring anything to life.

It's important that every person you work with, all your colleagues, all your co-workers, leave a company with more skills and economic mobility than when they arrived. Further, it's important the time they spent with you wasn't miserable, that it was great, good, enjoyable.

The standard models were formulated through a process that started well before computers were in place, and I would say it's undergone a certain lock-in. Once you start going down that path, it's hard to break out of it to another path. As a result, economics is stuck. It's not even that the existing models are wrong, they're just very limited in what they can do, and mainstream economists have gotten very locked in to using those models – and only those models.

The defining feature of our era is that the next generation are bona fide digital natives. They're backed by technology, making them tech-empowered. Thanks to social media, they can sway vast audiences in mere moments. They possess a crystal-clear agenda about the environment, justice, equality, and beyond just financial markets, they're reshaping social and political narratives.

For me, our sophisticated way of communicating- with words- is that crucial difference. It meant that for the first time, we could teach another about something that wasn't present… whereas young chimps just learn by observing. We can read books about the distant past, and plan the distant future.

Entrepreneurship is the relentless drive to carry-on, no matter what. Entrepreneurship is tolerance, focus and dedication. Entrepreneurship is this 'true north' belief that whatever this 'thing' is that you want to bring to culture, that you will see it through… and that you are the one here to usher it into existence.

When our original participants reached approximately 80 years of age, we asked what are your greatest sources of pride, and what are your deepest regrets? The predominant regret was the disproportionate time spent working and the inadequate time spent with loved ones.