To be a billionaire in America today is less a matter of merit than it is a matter of being at the right place at the right time, and being a beneficiary of a set of rules designed to benefit billionaires.
— Robert Reich Labor Secretary & Economist; Leading Voice on InequalityEconomies are built on free flow of capital within the market, which drives trade. Business and individuals need debt (finance) to invest, develop, trade and grow. This is a fundamental truth of how markets operate.
Throughout most of the world and for most of human history, music making was as natural an activity as breathing and walking, and everyone participated.
The general body of research suggests a moderate positive correlation between religiosity and happiness. Religion provides a sense of community and cohesion within an in-group. It draws clear lines between in-group members, with whom I can engage in cooperative behaviour and reciprocal exchanges, and out-group members. Religion also offers purpose and meaning through a supernatural narrative.
Many organisms have a pattern of temporal change and senescence that is reproducible and predictable for the species and gender — clearly with a huge genetic component. For example, the longevity of rats is 3.8 years while their 'cousins' the mole-rats live up to 30 years. These timings are probably optimized to fit with the ecology patterns of the species — predation, litter size, environmental variation, food abundance, etc.
I believe the most effective strategy for maintaining resilience is mastering the art of self-soothing. The ability to calm oneself instantly, at any moment, stands out as a pivotal skill. It enables you to recover from setbacks and face adversity more effectively.
We need to give women the freedom and confidence to believe and be whatever they want to. This isn't just about business, but about social conditioning in all cultures.
I lived the change. My company was a way of, as they say, 'scratching my own itch.' I wanted to be able to go on working myself, and I realised that a lot of other women would have had comparable aims and desires.
We go to war not because we ignore the costs, but because we know there are costs, but we are willing to pay those costs because we get something from the war which we wouldn't get otherwise.
The consumer is far better educated today than he ever was. Consumers don't need to rely on intermediaries to tell them what is good or bad- people are social, they share information with friends and strangers, and go to a broader community for help and assistance.
You have to empower your board to make their own decisions, follow their instinct, and execute. Think of your board in many ways as a team of entrepreneurs that you're investing in, rather than as employees that you manage.
My impression however is that the rate of change in society is accelerating as a result of rapid developments in science and technology. Science today is a huge, industrial scale activity and has a far greater impact on society than it did a few hundred years ago.
I see it as a blend of the boomers' hindsight, having navigated economic cycles like inflation and recessions, with the zoomers' insight into an ever-evolving world. Together, they forge the foresight essential for future capital deployment.