Economics

I think transparency in this sense is a red-herring. A multi-strategy hedge fund could give an investor or the SEC it's daily trade blotter and accomplish 'transparency,' and the recipient would have no idea what to make of the trades.

Hedge funds don't have that asymmetric risk profile problem because, in general, the interests of the hedge fund managers are aligned with their investors. I think only people who are pandering to perceived public passions are blaming hedge funds for the financial crisis.

I personally think that it's only the ignorant and populism pandering politicians who treat the hedge fund industry as a scapegoat for the financial crisis. It was the extremely heavily regulated investment banks who, risking their shareholders' money, levered their firms up to 40:1!

Early stage investing is very difficult and financially risky meaning that a lot of what we invest in won't work. A lot of what we do is, in effect, pilots to see if individual projects or funds can generate some positive return.

The social sector offers this middle-ground where you've got organisations that have a social purpose. They care about the level of service in a real way, but also have the financial disciplines of a for-profit company as they must be sustainable.

Brands create demand and, most importantly, they create secure demand. If you have a loyal customer, that gives you more security of income, earnings and employment.

Leading brand strategist and founding partner of Interbrand

For businesses to survive, let alone brands, you need a secure and stable base. You need secure economic and social conditions to reduce risk.

Leading brand strategist and founding partner of Interbrand

The starting point is to realise that brand, in whatever type of organisation, is the most important and sustainable asset you've got. People may leave or die, buildings may dilapidate or fall down, products and services may become obsolete… The thing that lives on is brand.

Leading brand strategist and founding partner of Interbrand

China realises that he who owns the brand, owns the wealth… For nations, brands give economic control, security and choice and are therefore extremely important.

Leading brand strategist and founding partner of Interbrand

What really is risky?! In many ways I think it's actually much safer to take things into your own hands rather than trusting your destiny to an uncertain jobs market.

Author of "The $100 Startup" and lifestyle design expert

If you asked most people to categorise good trades and bad trades, you would find the answers to be quite simple… If it makes money it's a good trade, and if it loses money, it's a bad trade. That's not true at all…

Author of Market Wizards & Hedge Fund Expert

This is a great analogy as the key to successful trading really is the space between trades! It's not just a matter of making the right trades… but also not doing anything when things aren't right.

Author of Market Wizards & Hedge Fund Expert

The diversity of strategies people use is truly remarkable, I saw people using completely different strategies to the degree that if I had set out to invent 15 different strategies for a fictional work…. I couldn't have made the strategies more different to the ones I saw in real life! This illustrates a point I have made in all my works insofar as there really is no 'holy grail' or single style that is most effective.

Author of Market Wizards & Hedge Fund Expert

If you look at the decade which ended in 2009, our estimate is around US$8 trillion. As previously mentioned, we believe this is a very conservative estimate because there are major parts of illicit flows that are not included in that figure.

We measure these flows entirely based on data filed by governments at the World Bank and the IMF. We apply two very established economic models. One is the World Bank's residual method, and the other is the IMF Direction of Trade statistical approach. These models have been used by economists for decades but we were the first group to apply these models to all developing countries.

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.