From 600+ conversations with the world’s leading thinkers.
There are a handful of families that own a very substantial degree of the economy including several companies on the stock exchange... The positive effect is through stabilising- it's very difficult for speculators to short stock here or to play tricks on the exchanges... there are simply not enough shares in free-float to do that.
Alibaba's vision statement includes a mention of how long it wants to last, and that is specifically 102 years. 100 years sounds like a cliché, it doesn't sound special or memorable… 102 years sticks in your mind, and the reason for this specific figure is that Jack Ma wanted Alibaba to be the only internet company that spanned three centuries.
You can't stay in your lane anymore – you need to be good at multiple things, and understand interactions.
It feels great to have the iPad launched into the world... it's going to be a game changer.
Remote work has turned the lights on in the room, it's allowing us to see the cracks and cobwebs, and we can never switch that light off again. If your relationships were strong to start with, remote and hybrid work has been shown to intensify those relationships. If you already had fractures and negative relationships, hybrid and remote has been shown to intensify the negativity and make those relationships worse.
What's beautiful is when you're filling your bank account and your soul account. There are two accounts! Look, I like money, I like fame… I happen to be rich and famous… I don't apologise for those things, nor do I boohoo them or approach my appreciation for them with false modesty.
Having forefathers as merchants that forged their own paths pushed me to pursue a similar journey. At this point I got a lead that there was a lot of potential in catering, and so in 1982 I set out to make my mark competing with major international companies.
I have not been an urban investor in re-gentrification, which tries to change the character of a community and, candidly, is very speculative. Instead I look at revitalisation, which constitutes investing in existing densely populated and ethnically diverse communities and delivering the goods and services that are sought after but not provided.
Understanding sales cuts to the core of basically why people say yes, why people give you rejections, and what has to line up in someone's mind before they say yes. It doesn't matter what you're selling, it could be offline or online, tangible or intangible, expensive or inexpensive. It doesn't matter what it is.
Small companies will get an idea and try to scale up. Big companies have to decide when to extend, when to extend and scale, and when to do something new. They need to build capabilities in terms of insight and execution to do the new thing.
Men are cheaper than shingles.
If you look at the notional value of trading on our exchanges in any given year, they range from $600-700 trillion to a quadrillion (1000 trillion) dollars in total value. People can use these markets very effectively, not just for bona-fide risk hedging and transfer and risk management but also for asset allocation, portfolio management and trading strategies as well.