There is a famous Iraqi idiom which states that if you think your opponents can eat you for dinner, then you'd better eat them for lunch. If your opponent is too big and powerful to eat you right-now, you'd better eat them for lunch before they eat you. Commitment problems from our opponents lead us to act, and that's another reason why rational man can go to war.
— Christopher BlattmanOur lives have a first and second curve. The first is your me curve - fluid intelligence that peaks around 40. The second is your we curve - your wisdom, teaching, and ability to bring out the best in others. It requires you to serve others.
I came away from space flight realising that I don't have enough faith to be an atheist. Life is so amazing. When you look at the universe and the forces of nature, there just has to be a creator.
I've been fortunate not to be formally trained in any of these disciplines. I don't know how to play music, nor do I know how to code, but I have a strong sense of what the market wants. Around that, I build a team of people who are skilled at execution.
Everyone says, 'oh it's fine to make mistakes, it's fine to do things wrong'. But actually? making that true is really difficult.
There is no healthy society without a healthy internet.
My early experience as an unaccompanied child refugee on the Kindertransport brought me to England in 1939, evading Nazi Europe. That really had an enormous impact on me, everything was different. It was such a big change, that change doesn't throw me anymore. I've learned to enjoy change, I like to do new things, make new things happen.
Music can reveal the nature that lies within us, the part of us we cannot hide. When you hear a single note, a C, it's not a single sound, it's the result of many harmonies. It's like God hiding in plain sight.
Architecture has the power to democratize space - to create environments where all people, regardless of their background, can participate in civic life.
We are now at the same crossroads, with impact. There is an interesting parallel here with 1933, when we introduced the GAAP. Until then, there had been no real transparency on profit! After the Great Wall Street Crash of 1929, investors sat-up and said 'hey, this is crazy!' and they got transparency through the adoption of GAAP.
I don't think it's a coincidence that globally, we're having the biggest crisis of democracy since the 1930s. At the same time as we're finding it hard to focus and pay attention, we also can't listen to each other.
It's not enough to lead yourself, you need to tune into the people you work with- the people that you know- your family. You need to pick up non-verbal cues, facial expressions, tone of voice.
One of the things which is a really distinguishing factor about our markets in contrast to the OTC derivative market is that we're completely open, competitive and transparent with a very high degree of participation, a very high turnover, and a high degree of pre and post trade price transparency. That refers back to that old phrase of 'liquidity begets liquidity'.