From 600+ conversations with the world’s leading thinkers.
Every person is different, but every sale is the same. The question is, where does the person start out on the certainty continuum?
At most gyms, if you don't show up, nobody cares, and that's the truth. I love gyms, but if you don't show up, nobody will call you, nobody cares, they just take your money and have one less body in the room. We were different, we cared, we wanted you to show up.
I made a principled decision that none of my wealth will be passed on as inheritance, that my capital will work for philanthropic causes. In other words, philanthropy is the reason I make money.
The visibility of hedge fund managers, particularly 'star' managers of large and/or successfully performing funds, will increase to a larger and broader audience in the same manner that mutual fund managers became celebrities in the 1990s.
For me it is extremely important that commercial interests and social benefits are not mutually exclusive, but that they can complement each other wonderfully so I always look out for products that are innovative, forward-thinking and offer a true value for society.
I don't think it's money that corrupts people, I really don't. I think it's the idea that when you make money without having a tangible creation attached to that money, it has no value.
The only real competitive advantage that's durable is cost and innovation – as long as innovation happens along the trajectory that takes into account stakeholders, not just shareholders.
Firstly, inflation is always and everywhere a monetary phenomena. Secondly, the Phillips curve is dead and buried. US employment, and domestic measures of capacity utilization didn't even work 40 years ago! We stuck a stake in the heart of such measures about 15 years ago.
We will not employ capital unless we can find an opportunity that has a minimum of 50% upside to our intrinsic value over the term of our investment.
It's about finding the right balance between being bold, patient, and persistent. For me, it's about not thinking it's crazy to reach out to an Oscar winner or a billionaire, but realizing it takes patience and time.
In a world where everything is connected, there's bits and bytes moving, and leaders need to understand what happens when functions inside a company interact. What happens when your company is interacting with others inside of its ecosystem? There's a flow to business and leaders need to be able to see that flow.
I assumed this was just a fact of life in the UK, but because I saw the warmth of some people's welcome in the business community in particular, I overlooked it…