Economics

The measurement that we have is not derived from market or economic data. It is derived from the twitterverse- from all these individual users acting as social sensors. When I have a bad day, that has nothing to do with the market! But how I respond to that bad day may be a reflection of a general level of discomfort about how the economy is doing and so forth.

Unknown.

I think behavioural economics has now become an accepted part of the thinking on markets- it's generally accepted that people's decision making is heavily influenced by emotional state and various other behavioural biases in comparison to previous models that assumed rational decision making in the markets. The markets and individual investors are driven by what you could call 'irrational considerations' and emotions play an important role in that.

Unknown.

Twitter as a service is very oriented towards people providing short, succinct and relatively immediate 'in the moment' updates on what they're interested in and how they feel- and at a very large scale. At the moment we have around 250 million twitter users! We felt it was the ideal environment for us to test our hypotheses that we could, in fact, gauge the public's mood state from this type of data- and use that to study and even predict socioeconomic phenomenon of which the market is just one.

Unknown.

We are unapologetically at the high-risk, low-return sweet-spot of agricultural finance. We choose to address geographies and sectors where there are real market failures or at least deep market imperfections.

Unknown.

If you look for the next Steve Jobs or Richard Branson in developing economies, however, their businesses rarely make it out of the garage as they are missing three critical factors. They lack financial capital, qualified employees plus the knowledge and access to financial markets- those three things stop those businesses enjoying the kinds of prosperity we do in the northern hemisphere.

Unknown.

We're working at the nexus of two pretty powerful forces which, when combined, can have a profound impact on reducing global poverty. First, agriculture.... You've got around 2.6 billion people in the world who survive on less than $2 per day, 75% of them are rural and agriculture is their primary economic activity.

Unknown.

I've been doing this a long time and have very rarely seen a company with sustainable competitive advantage like Amazon has. They have a very low cost of capital, they are very efficient, and the government provide an additional advantage in that the transactions are not tax.

Unknown.

My big contention is that we've misread Adam Smith. People don't realise that Adam Smith was a moral philosopher before an economics expert. His first book, before he wrote 'The Wealth of Nations' was, 'The Theory on Moral Sentiments'. In that book, you find the answer for what the invisible hand really is! He never accelerated the narrative that there should be completely unfettered free markets. He believed markets took place in the context of a moral framework and foundation.

I've worked with many entrepreneurs and billionaires and I see the same trend over and over again. What they want is someone to manage the liquid side of their portfolio, and they want to take a huge chunk out and use it as their risk capital on things they know and can control. The money didn't just drop-in… it arrived through creation and building! These individuals are always going to be about growth….

The Chinese government has realised that to fuel capitalism, an atheistic, communistic, civil-religion will never propel growth. They weren't doing because they thought it was 'true' but because they were astute in knowing that you need this kind-of cultural base. Recently the Chinese government have done a major funding push for Buddhist centres and institutes around the world. They are trying to replace one philosophical narrative with another… They realise that their system, frankly, will not support the growth or creativity to create the new technologies and companies that are necessary.

If you look historically at the historical contours of wealth- it's primarily created through private ownership. That's always been the case- and I believe it always be. Having said that…. the lines begin to get blurred when you start to look at places like Latin America and Mexico where the state-owned enterprises are dominated by individuals- like a Carlos Slim, for example…. or if you look at state-owned assets being privatised in a place like Russia where former KGB agents are now industrial capitalists.

There's a very strong relationship between depravation and drug use in many western cultures. It's not the sole reason- you do get the rich and mega-privileged using drugs... You can't go shouting from the rooftops that it's all about depravation... a lot of it is... but there are other social factors, personal factors, genetic factors and economic factors – all mixed into the pot.

Pioneering addiction medicine researcher and founder of addiction studies field

Think of "branding" as burning in a name on an animal such as a cow so that the cow's owner would be known. This protects the owner in the event that the animal is stolen. But we can use the name "branding" whenever anyone affixes their name to something that is available for sale.

Father of Modern Marketing & Prolific Management Author

Most risk managers on Wall St, and practically all staff members in institutions like the Fed, IMF and elsewhere do not understand the statistical properties of risk. I think the notion that the time-series of market moves in large complex markets is not a normal distribution has largely sunk-in.

Currency expert & author on financial threats to national security

My own twist on that is that the bigger they come, the exponentially harder they fall! Banks are so bent at using expanded balance sheets, using derivatives, pretending that risk is in the net when it's really in the gross, pretending that risk is a linear function of scale when it's an exponential function of scale.

Currency expert & author on financial threats to national security

We were able to trash the currency, inject hyperinflation and cause interest rates to skyrocket… all at the same time… through the use of a currency weapon. This is a real world, real time example of a currency weapon being used…. Not to gain trade advantage, but to destabilise a regime.

Currency expert & author on financial threats to national security