From 600+ conversations with the world’s leading thinkers.
When credit in an economy is growing faster than the economy itself, a countercyclical capital buffer kicks in, which essentially says that banks need to have more capital in good times.
You are only ever one click away from looking at another alternative… The ability for the consumer to shop-around has made it difficult for some operators to realise the need for transparency in pricing… particularly when your product is built around opacity.
You need to work like someone's trying to take it all away from you, because they are.
The best analogy I can give for an IPO is that it's like a wedding. There's a whole lot of attention directed toward the wedding, and less toward the 20 years of marriage after the wedding. IPO has the word initial in it, it's the starting line for being a public company.
I never started off with money, I started off with love. The love of being an entrepreneur. The love of being a lawyer. The love of being an athlete. When you start off with love, people will love and respect you and you will always be monetarily rewarded.
We believe innovation should be a continuous activity. It should be a capability that you are developing and attending to regularly. It requires a kind of fodder of new problems all the time in order to be refining and developing.
The idea itself constitutes about 20% of the success, the remaining 80% hinges on execution. This understanding is vital for an early-stage investor to gauge the potential success of a venture.
Navigating complexity and uncertainty requires long-term thinking, not long-term planning. Long-term thinking requires accepting, even enjoying, the challenges of unpredictability, builds the flexibility required to navigate it, and rejects simplified narratives that lose the nuance of this reality.
In all the politics that's going on… everyone says that small business are the driver for growth. The truth is, it's not just small businesses… it's NEW businesses. They are the ones that consume the largest number of jobs in an economy and lead to economic growth.
If you're managing that way in the age of outrage, basically you're saying your organization will be in constant firefighting mode. That's unsustainable. The organization will very quickly wither and die.
I feel it is the duty for every human and company to do something to either make their community, their city, their state, their country or the world a better place to live.
The fruit of addiction to success is redefining yourself in terms of one activity. When you take that away, there's a deep loss of identity. To the striver, that addiction is success. It activates the same neurobiology and dopamine pathways as alcohol or drugs.