I have grey hair, I'm 64. I grew up in Italy in the 1960s, 70s and early 80s. When I grew-up, I never worried about nuclear war, global pandemic, technology destroying jobs, climate change destroying the world, or stable democracies being taken over by authoritarian extremists.
— Nouriel Roubini Economist known for predicting the 2008 financial crisis.Milton Friedman had a postulate about this. He got a Nobel Prize and all the rest of it, very fancy. But as soon as you interrogate this postulate, it's manifestly rubbish. The postulate was that capital would move into a region hit by an adverse shock. So, Sheffield's steel industry collapses. 'Oh well,' says Milton Friedman, 'that means wages are cheaper, property is cheaper, and so capital will move in.' Which sounds fine until you think about it for more than two minutes.
In order to fix bias you have to admit to them, you have to admit they exist and bring them out of the shadows. Then you can call them out.
When we're not well rested, we're not as healthy. Lack of sleep is often the culprit behind anxiety, stress, depression, and a myriad of health problems.
I do this thing- I say something out-loud–announce it to the public–and then I'm forced to do it because people are excited and I don't want to let them down.
My biggest fear isn't the fight itself. I don't get nervous about the physical aspect of fighting. My nervousness stems from the fear of losing, not living up to my own expectations of victory in front of an audience.
Stock prices suffer a one-two punch. Rising raw material prices tends to compress margins or earnings, and rising interest rates tend to compress p/e ratios, as earnings yield must compete with interest rates.
Design is the great 're-configurer' of problems for business…for example design takes an engineering solution for transmitting signals called a phone and reconfigures it into a hyper complex problem of glass and metal shapes, etc.
True innovation requires vision and the courage to take risks. Incrementalism carries little risk, which is why it's so often the path of companies.
Like all primates, we are an intensely social species, and having our friends, cohorts, and acquaintances close is important to our general success. In these senses 'keeping the wheels oiled' is critical, hence why we like gossip, and hence why biographies and fiction so wildly outsell anything else in the books market.
I look at every negotiation as an opportunity to solve a problem between me and the other negotiator. They are not my adversary – I need them – and they need me.
I do agree though, that in recent years receiving abuse online has been normalised to the extent that I expect it and know there's very little I can do to stop people from saying these things.
The world of business is scared without realising that it, itself, is the cure.