From 600+ conversations with the world’s leading thinkers.
The point of maximum pessimism is the ultimate time to buy a stock because at this point, all the sellers are gone… and only buyers remain. How do you determine this point? Even Uncle John said it's impossible…. You never know until it has passed!
Social media has decreased distance and that means that we are just as passionately bothered about things on the other side of the world, as we are things in our home town. Social media transparency has had, and is having, a huge impact on stakeholder visibility.
He told me that his returns got so much better in the Bahamas, why? Because he got the Wall Street Journal a few days late! It's so difficult to mentally distance yourself from the herd and so perhaps physically distancing yourself from the herd is a good idea.
The end of an X-Prize is the beginning of a new market, or a new market opportunity. We are nothing more than a distinct channel to that market.
In crises, people need to hear one or two simple messages to act on – not a confusing list. Through your communication, you also need to project certainty – and the fact that you have a plan (even if it's not fully formulated). Your team need to believe that they, and you, are going to get the job done.
The world is lying to you. It tells you that in 10,000 hours you can become excellent at what you do and that your strength will never wane. That is a complete, utter, falsehood. At some point, the greatness that came to define who 'you' are will wane.
Asia region countries are able to shave not just 10% off process-costs versus their western counterparts, but often 60-80%, often bringing great improvements and advantages in the process. This ensures they are more agile and able to sustain competitive advantage through continual innovation.
I started from a position of giving, without expectation of return. I also decided that I only wanted to work with people who I loved to work with.
I firmly advocate the idea of reinventing oneself every 5 years.
An example of this successful approach was our first enterprise private 5G launch, which we achieved remarkably fast – from ideation to market-ready delivery in just six weeks. This achievement highlights the effectiveness of our strategy in driving innovation at speed.
Only 8.5% of projects meet or exceed their time and budget expectations. This means that a staggering 91.5% fail to stay within budget or meet deadlines. However, when we consider delivering promised benefits, a mere 0.5% achieve this goal within the allocated budget and timeframe.
We should not assume that there is one single benchmark for all types of financial transactions. There are certain transactions that should be based on market rates, and others which call for the kind of benchmark that LIBOR provides.