Despite these needs, the reality is that more than half of the estimated 2.7 billion working age adults globally are excluded from formal financial services. Poor families, as far as access to financial services is concerned, are doubly penalised. They need financial access more than we do, but they only have access to inferior informal services.
— Tilman EhrbeckWe 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.
Being an entrepreneur is no harder than working for someone else; it's simply a different experience. I completely agree that the whole narrative of entrepreneurship being excessively hard is exaggerated and fundamentally untrue.
Out of all the startups that approach investors, less than one percent will secure funding. If you don't grasp this reality, you'll struggle to successfully raise capital. It's a critical point. Many first-time entrepreneurs don't comprehend this 1% ratio, but it's not about them—it's about the investors' selection process.
The way I prefer to think of perception is as a processor of active construction, a controlled hallucination. Everything we perceive is a kind of inference, a burst guess about what's out there.
The story is told sincerely, but the cumulative effect is misleading – a subconsciously organised trick.
We typically advise families to be very cautious about engaging with social media. Information found there can often be based on assumptions, leading to wildly inaccurate theories that only heighten anxiety for those following the situation. The key is to have someone knowledgeable and understanding by your side—someone who can interpret the situation and provide support throughout this trying experience.
The number one thing I've discovered is that people deny that they have any of these traits. We always want to say it's that other person who is a narcissist, the other person is aggressive, they have envy, but no…. not us. We deny we have these qualities and make out as if we are the exception.
To have a career, you have to be able to break out of your ways of thinking about success, otherwise you'll just end up disappointed.
Every human being on the planet- genetically- is 99.9 percent identical. Of the remaining 0.1 percent, only 10-15% accounts for the differences we see between asserted 'races' of humans.
I have always been attracted to creative people and been fascinated by what drives them and what they are made of; whether that be a recording artist, an author or a broadcaster. The most exciting thing about it is the fact that you can support somebody on a mission to create something unique, something that creates impact- and often at the level that we are operating at – something culturally relevant.
Travel is a market that will always do well, in the absence of one of two factors. Firstly… if the global economy goes soft- since travel is a discretionary spend- it will go soft faster than the rest of the economy. Secondly… if there is ever an event that cause travel to be inhibited it has a ripple-out effect.
The ultimate goal is to be in a state of flow with machines. Think about people working with horses, or herding cattle with a dog, they are examples of interactions with other intelligent creatures in a way which is fluid and allows us to achieve something we couldn't do ourselves.