I think behavioural economics has now become an accepted part of the thinking on markets- it's generally accepted that people's decision making is heavily influenced by emotional state and various other behavioural biases in comparison to previous models that assumed rational decision making in the markets. The markets and individual investors are driven by what you could call 'irrational considerations' and emotions play an important role in that.
— Johan Bollen Unknown.The absolute biggest risk out there I can identify would be if something went really wrong with China as it is so important to the BRIC and global economic future. Luckily, I think it is a small risk.
It takes intellectuals to come up with really stupid ideas. Unfortunately, these idea pathogens have led us to the abyss of infinite lunacy.
Being an entrepreneur, or even running a large organization, is like being a society builder. The system is bigger than any individual. You can take the same person, place them in different environments—like the old Soviet Union versus the UK or the US—and get completely different outcomes. It's about the system.
The heart is dramatic. Many of your other crucial organs – your liver, your kidneys- do their work in bureaucratic silence. Your heart is dramatic and reacts to how you feel. Your heart moves with your emotions, it quiets down when you're about to sleep, or when you're relaxed.
I got out of the Navy because I stopped getting adrenaline in gunfights. That's when it gets dangerous. You don't want to get killed because you get bored. A bullet only needs to be right once.
I think everyone should meditate. It's important to relax your brain and body, even just 10 minutes a day. You can do a lot to protect and build your immune system by controlling your stress and living a well-rounded life.
Our senses allow us to perceive, but they're incredibly limited. Science sees far beyond our human blind spots, and the reaches of this 'bubble' our senses create for us. When you're in a bubble, you inhabit a form of fictional reality, and we've seen the dangerous consequences of this in financial bubbles, stock market bubbles, real estate bubbles… If you're not paying attention reality comes crashing in.
I'm a firm believer that creativity comes from restrictions, so I'm really grateful that I grew-up with so many restrictions around me. When you give people limitations and say, 'here's a canvas, but you can only paint with yellow..' – the wheels start turning, and you plan to get out of the box you're put in.
How many CEOs or heads of government agencies have taken the trouble today to say, 'Who are my five most-thoughtful antagonists? How have I reached out to them, and what efforts do I have in place to create a listening community across those antagonists for when I really need it when the crisis hits?'
Participants in each market, faced with threats, had to put competitive behaviour aside and realise the strength of collaboration.
If you know what's inside your head and you understand its structures, rules, and functions, it avoids glitches. You can almost think of it like three sock puppets! You, this little chimp, and a computer, trying to run your life.
I was only 9 years old, but I loved ski racing. I loved skiing in general, and was lucky enough to meet my idol, Picabo Street. I met her at an autograph signing at a ski shop in Minnesota, and I said that's it… that's what I want to do… and this is who I want to be like. From then on, I made ski racing my focus, and my dad helped me create a ten-year plan to make the next Olympics.