If you take a trade that follows your process exactly and if that trade loses money, that was not a bad trade. It's only a bad trade if you deviate from your process and lose money. I would go further and say that if you deviate from your process and make money, it's still a bad trade.

Over half the sub-Saharan African population is under 18 years old, versus Latin America, where over half the population is under 25 years old and Asia, where it is under 35 years old. These EM populations are young, expansive and dynamic.

have to scrape by on 'zilch' or, at most, on a fraction of what is taken for granted in the for-profit world.

Africa is an enormous continent, larger than the US, China and Europe combined. It represents 20% of the global land mass, and only 10% of the world's population. It offers an un-crowded space of opportunities including minerals, natural resources, water and agriculture.

The things that are trivially easy for humans turn out to be extraordinarily difficult for machines, and vice versa. I cannot do the square root of a large number in my head, but my pocket calculator can do that instantly. But my pocket calculator still cannot make me a cup of coffee.

Why don't we start with a fundamental step – ceasing to fund our own downfall? For years, we held onto the belief that welcoming China into the international order would prompt them to abide by established rules, liberalize their economy, and make their governance more democratic.

The most straightforward way to create value is to solve a problem. When you provide a solution to someone's problem, by default, you're generating value for that person. Consequently, my perspective is that this journey must always begin with a problem.

Around the world you've got somewhere between 1 and 2 billion people who are living in abject poverty. Economic growth offers the opportunity to reduce that 1 or 2 billion to 100,000–200,000 in the next phase.

I walked into a club that I didn't even know had my record – thought it was a demo – the engineer who recorded it also happened to be a DJ, he'd been playing it for 2 weeks and it'd become the biggest song in the club, this unknown group called Chick or Cheek or whatever, he didn't even know what to call it.

I was working in Russia from 1998-2002... You also had this extraordinary episode where Putin is on record being asked a question, 'President Putin, do you think Russia could ever join NATO?' to which he replied, 'Why not?!' – what he actually said was 'why not…' provided that Russia could be a fully-fledged partner in NATO.

It takes intellectuals to come up with really stupid ideas. Unfortunately, these idea pathogens have led us to the abyss of infinite lunacy.

Adversity, I believe, is vital. It's the crucible where strength is forged. Without struggle, without battles to face, we remain static, unable to grow.