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There are a handful of families that own a very substantial degree of the economy including several companies on the stock exchange... The positive effect is through stabilising- it's very difficult for speculators to short stock here or to play tricks on the exchanges... there are simply not enough shares in free-float to do that.
— Michael Freedman
Mathematician & Topologist, Solved the 4-Dimensional Poincaré Conjecture
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Warren Buffet has only bought one business outside the USA and that's in Israel... During the due-diligence process, Hezbollah landed rockets in the car park of the main factory he was buying! The factory owners said to Buffet that they would totally understand if he wanted to postpone the due-diligence if he perceives a risk and he said, '...as far as I'm concerned any business that's up and running within an hour of having mortars land in their car park is a pretty resilient company...'
— Michael Freedman
Mathematician & Topologist, Solved the 4-Dimensional Poincaré Conjecture
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What's remarkable about Israel's economy is that in the last few years we have situations which, in any other country, would have been totally disruptive. In the last couple of months alone we have seen literally hundreds of missiles and mortars fired at us from one of our neighbours... The incredible thing is that none of these threats have a measurable impact on our economy!
— Michael Freedman
Mathematician & Topologist, Solved the 4-Dimensional Poincaré Conjecture
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An increasingly number of companies see their brand as the platform for running their business. The brand creates an identity for the product and/or company in the marketplace. It requires the company to think deeply about its mission, vision, and values. The company has to work hard at developing the image that it wants customers to have of the offering. The brand must not only convince prospective customers and draw them to the brand but also be deeply believed in by the employees and other stakeholders of the company.
— Philip Kotler
Father of Modern Marketing & Prolific Management Author
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It's clear to me that small businesses, particularly micro-enterprises, have been responsible for the majority of the gross job creation in the last five years... particularly through the recession....
— Mark Hart
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The most common is deferring action and getting stuck in paralysis... The second most common is finance... Investing too much in unproven concepts for example. People can, and should, start their businesses as micro-enterprises to test their concepts and reduce risks.
— Chris Guillebeau
Author of "The $100 Startup" and lifestyle design expert
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I think it's about usefulness! People talk of 'following your passion' but there are plenty of things people are passionate about that nobody will pay them money for, so you can't just tell someone to just follow their passion. The missing piece? usefulness... We say the magic formula is: Passion + Usefulness = Success.
— Chris Guillebeau
Author of "The $100 Startup" and lifestyle design expert
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More money has been lost on the mismeasurement of risk than not having risk management at all. The battle is not won through being attuned to risk control. If your measurement of risk is completely wrong, it could be worse than having nothing in place.
— Jack Schwager
Author of Market Wizards & Hedge Fund Expert
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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… There's a very simple test to see whether something was a good or bad trade. You have to ask the question: 'If I was faced with the exact same information and circumstances again, would I still make the same trade?'. If the answer is yes, then it was not a bad trade.
— Jack Schwager
Author of Market Wizards & Hedge Fund Expert
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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.
— Jack Schwager
Author of Market Wizards & Hedge Fund Expert
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You may have gone to the best business in the world and learned that the three most important things in real estate are location, location, location- but it's just not true! It's relationship, relationship, relationship.
— K. Robert Turner
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I hate that moniker because it assumes or implies a reduction in yield. I typically think impact investing, on the whole, can generate better risk-adjusted yields than the alternatives.
— K. Robert Turner
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They should be stress-testing their balance sheets and portfolios under a range of negative scenarios, and have sufficient capital and liquidity to withstand scenarios that are far out on the tail of the distribution of possible outcomes. The stress tests should account for potential bubbles in global asset markets.
— Mark Zandi
Chief Economist of Moody's Analytics & Economic Forecaster
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Global investors were awash in cash due to current account surpluses in emerging economies and easy monetary policies. Investors from emerging economies first invested their rapidly rising wealth in risk-free Treasuries, but once they had their fill of Treasuries they looked for higher yield in what they thought was the next safest thing, U.S. residential mortgages. Due to shrinking returns on less risky investments, other global investors began to search for yield by taking more risk investing in more complicated securities and derivatives.
— Mark Zandi
Chief Economist of Moody's Analytics & Economic Forecaster
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Most fundamentally, the subprime bubble was created by- a surfeit of global liquidity due to large current account surpluses in China and other emerging economies and easy global monetary policies; a flawed private mortgage securitization process that funnelled the liquidity into poorly underwritten mortgage and other loans; and weak regulatory oversight that failed to catch and rectify the problems in the securitization process.
— Mark Zandi
Chief Economist of Moody's Analytics & Economic Forecaster
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A lot of negatives have already happened in Greece, and now there is an opportunity. Most Greek assets have been going down in price at some time, and if you happen to hold the right assets? You'll make a killing!
— Nicholas Economides
Professor of Economics specializing in network economics and digital markets