From 600+ conversations with the world’s leading thinkers.
Every business makes money as a secondary purpose. It's the coincidental result of creating customer value and changing the world in some way that people are willing to pay for and find valuable.
An example of this successful approach was our first enterprise private 5G launch, which we achieved remarkably fast – from ideation to market-ready delivery in just six weeks. This achievement highlights the effectiveness of our strategy in driving innovation at speed.
The current Trump–Silicon Valley consensus—that all forms of regulation somehow constrain the muscular freedom of companies to innovate—is ludicrous.
The test for any belief isn't whether it makes you feel good. It's whether it makes you better at engaging with reality. That's not self-help. That's applied science.
It's absolutely true that a lot of the time the market is indistinguishable from a coin toss. However, when the system is under some stress, when the market is undergoing changes, the coin toss model just doesn't work. The 'black swan' doesn't appear very often in coin-toss land but in agent based complex systems land, it appears quite a lot.
Running a business is a challenging job, but until relatively recently, that job was simplified to the extent that you had one target – make as much money as you can for the shareholders. Now, you have to balance a multitude of targets which makes it much more challenging.
Climate change is a real, and present, threat to the economy – and to all classes of national and private assets. If you manage other people's money, you have a fiduciary duty to de-risk it by managing for climate change.
The point of maximum pessimism is the ultimate time to buy a stock because at this point, all the sellers are gone… and only buyers remain. How do you determine this point? Even Uncle John said it's impossible…. You never know until it has passed!
To have a career, you have to be able to break out of your ways of thinking about success, otherwise you'll just end up disappointed. Nobody has an upward trajectory all the time- there's undulations that go on.
The Chinese state then backs a local champion company, subsidizes it, and blocks the international company from the Chinese market. Subsequently, goods produced at artificially deflated prices are offloaded onto the international market with the intent of driving competitors into bankruptcy.
In our part of the world, there will always be some kind of uncertainty. The market accepts and endorses that our physical oil is delivered outside The Strait of Hormuz, we're also not subject to any destination restrictions as Oman is not part of OPEC.
CSR does not help with me as a buyer, why? Because I'm cynical about it now, I don't believe it. After the success of Toms Shoes, every 23 year old told me they're starting an umbrella company and giving an umbrella to the people that need it in the Amazon. CSR has clearly become a tactic. Every strategy of every company and human being should come from a truth.