Based on my experience, I can say that healing is possible without forgiveness. It's perfectly valid for some people to choose never to forgive. There's a prevalent belief that forgiveness is necessary, as if something is wrong with you if you don't forgive. I disagree with this notion.
— Frank AndersonThe absolute biggest risk out there I can identify would be if something went really wrong with China as it is so important to the BRIC and global economic future. Luckily, I think it is a small risk.
I feel it's such a wonderful thing to be able to leave the tyranny of gravity to leave the ground and fly wherever you will.
It's not that capitalism is failing, but rather that the organisation of capitalism is succumbing to wealth and power. People with extraordinary power and wealth will organise and enforce markets in such a way that it benefits their wealth and adds to their power- it becomes a self-fulfilling prophecy- a vicious cycle of more wealth and power.
As an entrepreneur, I got my education out in the world – real life learning is the way forward for young entrepreneurs. And this is what we must encourage and support.
The easiest way to understand noise is by thinking about measurements. Suppose you are measuring a line with a very fine ruler. You will expect some variability such that you will not get the same number every time when you measure. That variability is noise. In the mathematics of accuracy, the expression for total error is very simple and quite compelling. It is bias-squared plus noise-squared. Bias and noise are both contributing to error and in that equation, they do so on the same basis.
In a geopolitical recession, suddenly the biggest macro risks are by their nature political. And you focus less on growth and more on stability and resilience, and that's a problem because the free market model tells you 'don't focus on resilience and stability, focus first and foremost on growth and everything else will take care of itself'.
For the first time in over 20 years, I feel brown… I find myself being extra careful in terms of how I dress, where I go, how I speak, what I carry and how I behave; not to conform to any new social norms- but rather, so that people don't mistake me for a terrorist.
I believe a key issue is this newfound ability to hide behind our screens, which gives a false sense of impunity, allowing people to express themselves without restraint. The more time we spend glued to our screens, the less we engage in meaningful, real-world exchanges.
British identity is profoundly tied-up with Europe and vice-versa.
Thanks to monetary policy, business cycles are far less volatile today than they were in the 19th century, when we had huge swings. But if cryptocurrency takes over the way its proponents would like, we could return to the ups and downs of the pre-monetary policy era.
The industrial age economy was characterised by the scarcity of physical capital like machines, buildings, and roads. Capital is no longer the binding constraint on humanity. We have an excess of physical capital. The real scarcity today is attention to the importance of the question, to what end are we deploying this capital.
To me, writing a song is like a ball game. You bounce the ball back and forth until someone doesn't want to play anymore. When you make music, you want to make someone feel something.