From 600+ conversations with the world’s leading thinkers.
Until now, we had an insolvency problem – but we didn't have a liquidity problem that could trigger that insolvency because interest rates were so low. Now they're rising, and the mother of all debt crises is going to occur.
Transport, natural disasters, the distribution of resources, globalisation – engineers and inventors have the traits and skillset to solve the problems the world faces today. And therefore have the potential to impact the world and economy. The economy can be boosted by exporting tangible technology that is in global demand. This is the hands of engineers.
For commercial markets, a shift to collaborative economies is not far behind, and businesses must change their thinking about the nature competition, defending value, and other strategies if they wish to grow in an uncertain future.
To be a billionaire in America today is less a matter of merit than it is a matter of being at the right place at the right time, and being a beneficiary of a set of rules designed to benefit billionaires.
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. Most are, however, mired in a form of subsistence farming that barely allows them to scrape-by.
I believe that working towards women's economic empowerment at the global level is the single most important battle we will fight in our lifetime, and that's because harnessing the incredible talents and potential of women is not only the right thing to do – it will also create stronger economies and a fairer society for all.
The Chinese government has realised that to fuel capitalism, an atheistic, communistic, civil-religion will never propel growth. They realise that their system, frankly, will not support the growth or creativity to create the new technologies and companies that are necessary.
There are two basic underlying reasons economies slow down. Firstly dysfunctional politics and secondly economic mistakes.
These individuals are looking for a global liquid multi-asset portfolio that is highly correlated around risk management strategies. They don't want you taking risk! they're going to do that.. and they can do it better than you can because they're now worth hundreds of millions or billions!
One of the themes which is perhaps more important in the intellectual rather than practical world was the excessive love affair that people in the financial world had with the efficient markets hypothesis. If you take that literally, there can't be bubbles. Who can believe that now?
Time wealth is all about having the freedom to decide how you spend your time, who you spend it with, where you spend it, and what you trade it for. It boils down to one simple truth: recognizing time as your most precious asset—the only thing you can never get back.
If an average developing nation had the UK's primary and secondary education level, it would be approximately 40% wealthier. It's indisputable that education makes individuals highly productive, making countries richer in the long run.