From 600+ conversations with the world’s leading thinkers.
Imagine you have to walk through a field that has a few land mines scattered through it. If you walk through it and nothing happens, it seems there is no danger. If you walk across it enough times, you'll step on a landmine. Traditional risk management simply fails to account for the fact that the most dangerous risks are those which occur infrequently and don't show up in track-records.
Crime itself can increase inequality. A doubling in crime increases the Gini coefficient by 3% to 4%. When crime increases twofold the share of the rich tercile drops by 1.3%, and the share of the population in the poorest tercile increases.
The diversity of strategies people use is truly remarkable, I saw people using completely different strategies to the degree that if I had set out to invent 15 different strategies for a fictional work…. I couldn't have made the strategies more different to the ones I saw in real life! This illustrates a point I have made in all my works insofar as there really is no 'holy grail' or single style that is most effective.
Existing platforms don't necessarily have the best business models for creators, nor do they enable creators to interact directly with their fans in a way that value can pass directly to the people who are producing the creative work.
we are moving towards a global theatre where even though each actor (country) may be at different levels of economic growth, the technologies which exist to enable the globalisation stimulate high levels of transparency, meaning that each agent (companies, customers, suppliers, politicians, etc) will be accountable for their practices, and so must act with greater consideration (and less arrogance!)
Transparency is paramount. We have to make sure that we have sufficient transparency in the investments we are making, to be able to manage risk for our clients.
We are facing the mother of all debt crises. When you look at the data on private and public debt, the debt to GDP ratio was near 200% of global GDP in 1999, today it's more like 350% and rising. In advanced economies, it's over 420% and in China, 330% and rising.
India's 'un-bankable' millions are not only better re-payers than their 'banked' counterparts in the west, but their demand for credit is outstripping supply by a great degree.
The rise of populism, backlash against globalisation, and movement against open borders means that populations support the weaponisation of economies even though it doesn't work to their own advantage.
Having a fiduciary duty implies an undivided loyalty to corporate interests, arguing that it's impossible to hold a fiduciary duty towards stakeholders since they are considered natural adversaries. Thus, according to the law, stakeholders are viewed as opponents.
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.
Think of 'branding' as burning in a name on an animal such as a cow so that the cow's owner would be known. This protects the owner in the event that the animal is stolen. But we can use the name 'branding' whenever anyone affixes their name to something that is available for sale.