From 600+ conversations with the world’s leading thinkers.
There's 6,000 times more energy hitting the surface of the Earth than we consume as a species. The poorest countries in the world are also the sunniest, which is a powerful asset.
However, the landscape is shifting with the advent of digital transactions. The digitisation of money movement, transitioning from cash to digital, allows for traceability. This traceability generates data, which can be analysed to inform decisions.
You have to understand, for instance, that in my lifetime until I was fifty or so- I had not witnessed any period without inflation of twenty or thirty percent, and sometimes one hundred percent.
...in the long-term, random investment strategies provide gains comparable to those seen where technical strategies are applied.
These models depend entirely on government statistics. They automatically leave out many forms of illicit money such as drug trading, human trafficking, some forms of trade mispricing and so forth. That is why we feel our estimates are very conservative.
Many governments, faced with a popular revolt, have chosen to martyr wealth without realising that it is the source of entrepreneurship, innovation and philanthropy in their economies.
We estimate that in talking about the cross-border flows of illicit money the component that is due to corruption- i.e. bribery and theft by government officials, is around 3-5% of the global total. It is very much the smaller part of the equation.
Where decent jobs are scarce, women can achieve financial independence by becoming job creators rather than job seekers – providing, of course, that they have the right support and opportunities to do so.
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.
These institutions walk, talk and act like commercial-organisations and must be treated as such.
A speculative bubble exists when the price of something does not equal its market fundamentals for some period of time for reasons other than random shocks. [Fundamental] is usually argued to be a long-run equilibrium consistent with a general equilibrium
What I believe is the bigger benefit; is that it makes it much more difficult for governments to trick the domestic financial system to favour particular borrowers, to milk savers through variable interest rates and so forth.