From 600+ conversations with the world’s leading thinkers.
I always tell people to not risk their own money, and to get venture funding. You should fail fast and spend as little money as possible to get your ideas validated.
One of the challenges in networking is everybody thinks it's making cold calls to strangers. Actually, it's the people who already have strong trust relationships with you, who know you're dedicated, smart, a team player, who can help you.
It hurts the laggards and benefits the smart ones- the smart ones will take the advantages and not say anything, and the laggards will complain.
In my role, I assess new investments and innovations not just through financial lenses but also considering their societal and environmental impacts. This broader perspective is a key difference from the shareholder-centric approach.
These revised capital adequacy guidelines will shield banks from another crisis in the format we have seen but provide little or no protection against events which could occur such as systemic capital disruptions from terrorism and conflict.
Innovation is a skill, a teachable skill, just like management. If you focus on a handful of key principles, you can effectively drive innovation in any type of business.
I'm 65 years old, and one of the things that amazes me is the number of people who work to get to a certain level of success in showbusiness, and then quit to go play golf?! There is nothing else I would want to do in this world.
Fundamentally, where creativity is concerned, people are trying to express an idea or solve a problem. This applies in business, the arts, or even solving family or societal problems.
If you make everything you do data driven, it's an inherent limitation on experimentation. Most PLCs are so driven by the finance department that they've lost the capacity to get lucky.
Traditional index bond management gives higher index weightings to the most indebted countries, regardless of their capacity to service their debt. A country facing financial hardship and trapped in a debt spiral to remain solvent would see its index weight increase until the whole mechanism collapses.
an object must be useful before being beautiful.
So, without thinking it through, I got a tourist visa and flew to Moscow. I didn't consider the repercussions or how risky it could be—I just did it. If Stein could go to Moscow, so could I. Others had gone there, and I knew tourists were allowed. So I went as a tourist, and we'd figure things out from there.