From 600+ conversations with the world’s leading thinkers.
The only way to innovate is to follow Aristotle's prescription. To create a future that is different to the past is to imagine possibilities and choose the one for which the most compelling argument can be made, not the one for which there is the most data. If companies want to innovate, they need to realise that data analytics is killing innovation yet is lauded and used increasingly.
We have to get out of this 'tax to spend' mentality and think about using resources to create investment funds that support local businesses, while also expecting to get something back as those businesses appreciate. Those are very different mentalities.
Web3 and blockchain are as big of a fundamental shift as the internet was in 1999-2000. Crypto and NFTs create open systems with distributed ownership that can be used to build a practically infinite number of applications. We're at day zero of a gigantic wave.
There simply isn't enough creativity and bandwidth at the top to deal with the level of complexity and change in today's world. In bureaucratic structures, a small group of leaders can hold the organization's capacity to change hostage to their own personal willingness to adapt.
People don't have to fear the innovation age as being victims of it. They can actually embrace it by saying 'okay, I've got to have some additional skill sets I can go back to, and maybe truck driving is not going to be the whole thing but maybe it's other mobility things so that I can actually use my background of skillsets to get involved in'.
We define the credit risk of a bond portfolio as the volatility of the CDS basket which would perfectly hedge the sovereign risk of the portfolio.
Sometimes, a game just works; it becomes a little engine that generates mystery and interest, prompting questions like 'What happens if I do this?' This is the hallmark of a living game.
People really don't oppose new technologies but they question the way they are used so the challenges are more social than they are technological.
If you want to have a great startup idea, don't try to think of a startup. If you focus on creating a startup, you'll be grounding yourself in the present, studying customers living in the present, their problems in the present, and their unmet needs in the present. You want to define a future market by living in the future.