Business

When you are a public company, you are all-but forced to think on a quarterly basis. That's how long people hold you on average, between 2-3 months is the average hold period for equity investors. It's therefore much more difficult to think in a long-term strategic way and increase value.

Much jitteriness in this recent crisis has come down to 'flying blind' – where investors and risk managers have been caught somewhat unaware, and do not have the visibility to make decisions with support.

People underestimate their personal probability of encountering negative events. It is not so much that individuals believe that negative events will not happen, but rather that these events are relatively unlikely to happen to them.

Former Premier of New Brunswick & Canadian diplomat and businessman

Traditional index bond management gives higher index weightings to the most indebted countries, regardless of their capacity to service their debt. A country facing financial hardship and trapped in a debt spiral to remain solvent would see its index weight increase until the whole mechanism collapses.

If you look for the next Steve Jobs or Richard Branson in developing economies, however, their businesses rarely make it out of the garage as they are missing three critical factors. They lack financial capital, qualified employees plus the knowledge and access to financial markets.

Unknown.

We are unapologetically at the high-risk, low-return sweet-spot of agricultural finance. We choose to address geographies and sectors where there are real market failures or at least deep market imperfections.

Unknown.

I've been doing this a long time and have very rarely seen a company with sustainable competitive advantage like Amazon has.

People play Farmville, they don't play Zynga! In the same sense, people don't go to Paramount movies, they go to see Mission Impossible.

For the iPad it's game over in terms of market-share… Apple has won! It's a preposterously cheap stock…

I think Apple is preposterously undervalued. Apple has this mind-boggling margin structure, phenomenal consumer brand, and is accumulating mountains of cash. I joked on television that they should lever up and buy Greece! They have something like 7x cash-flow.

The principal problem with Groupon, in my opinion, is that they have a bad business model. It basically eats by selling their customers crack cocaine- telling them to cut their prices 50% for a selected number of people. If you do that enough? You wont have a business.

If you look historically at the historical contours of wealth- it's primarily created through private ownership. That's always been the case- and I believe it always be.

These individuals are looking for a global liquid multi-asset portfolio that is highly correlated around risk management strategies. They don't want you taking risk! they're going to do that.. and they can do it better than you can because they're now worth hundreds of millions or billions!

In all the politics that's going on… everyone says that small business are the driver for growth. The truth is, it's not just small businesses… it's NEW businesses. They are the ones that consume the largest number of jobs in an economy and lead to economic growth.

The money didn't just drop-in… it arrived through creation and building! These individuals are always going to be about growth….

It's amusing when you ask people, well name someone who became rich as a hedge fund client?