Richard

THE CASINO, THE INDIVIDUAL, & SOCIETY

THE CASINO, THE INDIVIDUAL, & SOCIETY

“The relations between the individual and society are like a roulette table.  Society is the banker.  Individuals sometimes win and sometimes lose; but the banker wins always.”  This was writer Somerset Maugham’s provocative take on life. I came across the quote this week and it made me think.  What?  Well, Maugham was half right, and wholly wrong. Two Reasons Why Maugham was...

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ENLIST EINSTEIN

ENLIST EINSTEIN

“For tribal man, space was the uncontrollable mystery,” wrote Marshall McLuhan.  “For technological man it is time that occupies the same role.” In 1916, Einstein, in his general theory of relativity, argued that time is not independent of space.  Rather, he said, instead of there being three dimensions – of space – there are four, time being the fourth. The theory of relativity...

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HOW TO BECOME THOUSANDS OF TIMES MORE VALUABLE

HOW TO BECOME THOUSANDS OF TIMES MORE VALUABLE

INVENT YOUR OWN WEALTH CREATION MULTIPLE My last post explored the paradox that while individuals are not even two or three times as intelligent as other normal people, they can be thousands or millions of times more valuable, as measured by money and the capital markets.  We arrived at the formula that: Wealth = (Talent) x (Wealth Creation Multiple). We also saw that logically Talent is much...

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HOW CAN ONE PERSON BE HUGELY MORE VALUABLE THAN ANOTHER?

HOW CAN ONE PERSON BE HUGELY MORE VALUABLE THAN ANOTHER?

Every venture capitalist knows there is nothing more important in a new business than its people, and that the people can make a difference of thousands of times to its future value.  That’s all very well in practice, but how does it work in theory? Nobody has really explained the paradox that individuals can’t be many times as intelligent as one another, and yet that in business at least...

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HOW WALT DISNEY FUNDED HIS DREAM

HOW WALT DISNEY FUNDED HIS DREAM

This week we’ve been reminded about the formidable financial power of the empire founded on Donald Duck.  But when Walt Disney had the idea for Disneyland, he had to dig deep into his own pocket to get the idea going.  You see, his brother Roy started out by thinking it was a crazy idea, and he got the board of The Disney Company to oppose the idea.  In the end, Disneyland was the creation...

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