From 600+ conversations with the world’s leading thinkers.
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.
27 years ago, when I started in UFC, I knew it was going to be one of the biggest things in sports- honestly. It was always a spectacle, but needed refining to become a mainstream, extreme sport. All the excitement we used to get from watching those movies we can now watch in reality. The men and women who come into the octagon are also really fascinating, have incredible stories, incredible personalities- UFC really captures you… it captures hearts and minds.
I believe that culture isn't a continuous act. We talk about strategizing. We don't just talk about our strategy. I believe that we also need to review our culture, maybe not as much as our strategy, but at key points of a company changing. It is essential to also look at how we are working together.
For the iPad it's game over in terms of market-share… Apple has won! It's a preposterously cheap stock…
In a world where everyone gets to play in social media, we're about to realise that the vast majority of people aren't good enough. We've never had to quantify this before because there were people in-place to filter the people America got to see, and most were qualified to some level. Now we have an ecosystem where everyone gets out there and says they're great. The vast majority are not going to be great at what they pontificate to be great at, and we're going to watch them fail right in front of our eyes.
Taoism speaks to the interconnectedness of the universe, and how everything and everyone has an impact on everything and everyone. Governance must widen its' perspectives to think about the implications, and ramifications, of business in society.
Human beings have a real tendency to overreact on the upside and the downside. We are not rational investors. I do not believe that people make rational financial decisions! If you study financial decision-making you will find that human beings are irrational in a very predictable manner.
In the realm of experts, intuition, anchored in a substantial reservoir of experience and knowledge, becomes an invaluable asset. It's essentially a dialogue with your unconscious. However, for it to be constructive, your unconscious necessitates a good measure of education. An uneducated unconscious is a perilous entity.
Trust is the golden thread that runs through not just a kidnap negotiation or a business deal, but life in general. It takes a long time to build, but it's lost in an instant. Trust is about following through—doing what you say you're going to do.
What's the business hip hop of this post pandemic world? Who's going to be the Rapper's Delight of the post pandemic world?
A lot of negotiation is teaching people tricks or verbal games, as opposed to providing a framework for thinking about negotiation. People want to come up with a solution that's fair. But what they think of as fair is often proportional division, and that just arises because they don't really understand what they're negotiating over.
I define disruption as being where the incumbent players and incumbents somehow deny what their customers are saying or want differently. A disruptor comes in, sees a problem more clearly, and in some cases has more freedom to attack the problem.