From 600+ conversations with the world’s leading thinkers.
You couldn't design a situation more hostile to human learning than a typical school. We learn not to be creative, because everything is about turning us into good factory workers. That's why these systems were created: to make us into factory workers who produce more stuff, more money, more stuff, more money.
It is the sinusoidal movement of economies between stage 1 and stage 2 which contributes to growth, while the participants in stage 3 very rarely contribute to any real economic growth as their entire theatre is virtual.
The actual actions of the people in the market are the things that determine what happens next within the market.
Sports are the most valuable content and intellectual property in the world. MMA is the fastest growing sport and has the best business model in sports.
Our goal is to pinpoint where we can create the most value for humanity per dollar, rupee, or shilling spent. This isn't usually something that makes you wealthy, but it does a significant amount of good in three ways: it helps people survive and stay healthy rather than falling ill or dying; it alleviates poverty; and it improves the environment.
Time wealth is all about having the freedom to decide how you spend your time, who you spend it with, where you spend it, and what you trade it for. It boils down to one simple truth: recognizing time as your most precious asset—the only thing you can never get back.
Sovereign debt is reasonably unique in that there are no underlying assets one can claim unlike corporate bonds.
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.
This decade, their GDP will increase by about $12 trillion, i.e. they will create another one of themselves! More importantly, the share of consumption in this decade's growth will be bigger and this is where the big opportunity lies.
How would one expect society to develop 'actualisation' and 'esteem' driving characteristics (economic growth and spending) when the basic 'physiological' and 'safety' needs (food security, employment, health, property) are not met.
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.
Today away from monetary policy, global factors drive inflation, and for tangible goods emerging market drivers are key. We note commodity consumption per unit of GDP explodes as per capita income rises from $3000/yr into the $5000 to $15000 bracket.