From 600+ conversations with the world’s leading thinkers.
Instead of looking at hoarded cash as being a 'rainy day fund' we need to view these balances as stores of economic growth. This cash represents potential investments, new jobs, new innovations and the potential for significant wealth creation and diffusion.
Governments need to use their money to develop the future, not recover the past. We have to take this chance, if we don't, we're really going to be in trouble.
It's differences in tastes and preferences, resources and technology together with ways of thinking (manifesting in managerial and design differences) which are the reasons countries benefit when they trade with each other in goods, services, finance and labour.
When your business becomes a unicorn and heads for the stratosphere, there's a temptation to slide into the primary activity of the business being turning capital, and so customer focus can get lost. Once you stop putting customer first, the competition will destroy you.
I don't have to outrun the Tiger, I just have to outrun you. When you look at many of the financial centres such as The City of London, Wall St, and their counterparts, they think of things in Economic terms.
Diamonds are rare, there haven't been any major finds for over 20years, and there are no major mines on the horizon. Demand- particularly in China and India- is growing rapidly, and in the very near future we will see demand outpace plateauing supply.
Climate change is a real, and present, threat to the economy – and to all classes of national and private assets. If you manage other people's money, you have a fiduciary duty to de-risk it by managing for climate change.
We are all headed towards aging populations because we are living longer and measuring GDP growth is not the way to decide whether a society or an economy are flourishing. Population aging is evidence that we've been doing a lot of things right.
Nobody notices a dollar a day disappearing from their payroll, but think of the impact of a thousand people doing that.
These policies are, in the long term, very dangerous for productivity, growth, entrepreneurial spirit and wealth generation and will create further issues within the developed economies.
We have enough water on this planet for everyone's needs, but not for everyone's greed. The crisis is fundamentally about distribution, access, and governance - not absolute scarcity.
The point of maximum pessimism is the ultimate time to buy a stock because at this point, all the sellers are gone… and only buyers remain. How do you determine this point? Even Uncle John said it's impossible…. You never know until it has passed!