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 BlattmanConsciousness is the most troubling because it's so hard to deny its existence. With all these other tricky, troubling phenomena, it's at least an option to say maybe it doesn't exist, maybe we're not really free in the way we think we are. But with consciousness, it's seems hard to make sense of the idea that nobody's ever felt pain.
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'.
I hated it! I absolutely hated it without knowing why really, at that age. And these two contrasting images in a way became symbols for the rest of my life and the way I think about wildlife. One is how not to keep them, and one is how to leave them alone where they should be.
GDP and GNP shouldn't be scrapped, they're of value, but they don't even give us an indication of economic well-being let alone individual well-being
The easiest way to understand noise is by thinking about measurements. The variability of the error is noise – and that's important. In the mathematics of accuracy, the expression for total error is very simple and quite compelling. It is bias-squared plus noise-squared.
It's very clear that the sole purpose of business is not just to make money for shareholders, but actually to look after their employees, their communities and their society. Businesses play a role in society, and they have a voice which they have to use. Silence is not an option.
We need a change from managers to leaders. We need people who can understand the political and moral structure of their companies, and who can motivate and bring people to go in the direction of those values. That's true leadership.
What people fail to recognise is that fear is different for everyone. Your emotions are unique to you and you've really, really got to take time to concentrate on yourself.
Our disconnection from nature has led to such irreverence towards the earth, a kind of murderous environmental rampage, a collective matricide. We destroy the forests, we pollute the waters, we violate the earth to the point where environmental damage now threatens the long-term survival of our species.
If you have a start-up, you start out with an idea, but in 6 months you realise 'that wasn't the right idea'. This is how truly creative companies work. Nobody can do that with EU funding because you are locked-in to your original proposal – and because of that no-one I know in the start-up world wants money from the EU.
Web3 and blockchain are as big of a fundamental shift as the internet was in 1999-2000. Crypto and NFTs create open systems with distributed ownership that can be used to build a practically infinite number of applications. We're at day zero of a gigantic wave.
In reality- the financial markets are a critical part of our global infrastructure, as much as energy, food, and communications. For any country to remain globally competitive, their financial industries must be so- as they provide the lifeblood (money) for investment in the ideas and infrastructure which will build a nation.