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WHERE WILL YOU BE HAPPIEST?

WHERE WILL YOU BE HAPPIEST?

One of the greatest things about life today – as compared, let us say, to that in the nineteenth century and all history before that – is that it is relatively easy to move to somewhere far away from where we grew up.  Probably hundreds of millions of people take advantage of that possibility during their lifetime, though a much smaller number move to a different country.  Like life in...

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THE EMPEROR’S NEW CLOTHES

THE EMPEROR’S NEW CLOTHES

A Modern Version – with apologies to Hans Christian Andersen Once upon a time there was an emperor who was so vain, he spent all his subjects’ money on new clothes from abroad. So he was delighted when he was visited by two smooth-talking Italians.  They had the finest cloth imaginable with fantastic colors and patterns.  But what made them truly unique was that they were invisible to all...

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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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