My father was really into it. We would wake up in the morning and look at the markets.
When I go to a country, I go to flea markets, antique stores. I am always looking for something.
‘Reinventing the Bazaar,’ by John McMillan, is a great and fun introduction to the wild variety and importance of markets throughout history and around the world. I finally understood how a Middle Eastern souk actually works economically and how to compare that to modern-day telecom-spectrum auctions. I love that book.
The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.
I’m really excited about anything that is able to address the really big markets, so anything that’s universally appealing.
During my Ph.D. program, I became interested in the informational structure of markets that turned into the work on signaling, which was the part of my early work that was recognized for the Nobel Prize, but it was not really a subject at the time.
When I am starting a new game, I have to program it for the Apple, because I want to get all of the markets.
And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets.
More and more investors may be coming into markets everywhere but that doesn’t mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.
I support the Volcker rule, but there needs to be proper definitions around the Volcker rule so that banks can understand exactly what they can do and what they can’t do, and that they can provide the necessary function of liquidity in customer markets.
One of the appeals of markets, as a public philosophy, is they seem to spare us the need to engage in public arguments about the meaning of goods. So markets seem to enable us to be non-judgmental about values. But I think that’s a mistake.
Films have become shorter in length, jumpier in style, and simpler in story so that they can be more easily transferred to once under-exploited international markets.
Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created.
Markets are very important but for the government the citizens are more so.
PayPal claims it can help merchants expand into international markets; its system makes it easier to do business with customers in multiple countries, for example, by handling tricky stuff like currency conversions automatically.
I’m saying there’s plenty of money out there for great consumer entrepreneurs with great consumer products attacking really big markets.
Technology has really created new markets. For instance, Airbnb has created a high demand for executive short-term and vacation properties. Even 10 years ago, it was hard to find tenants without newspaper ads.
A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
Individual investors have become far more powerful than anyone gives them credit for. Today, 85 million Americans invest in stocks. Collectively, that kind of buying and selling power can move markets.
Today we stand on a bridge leading from the territorial state to the world community. Politically, we are still governed by the concept of the territorial state; economically and technically, we live under the auspices of worldwide communications and worldwide markets.
Markets don’t like instability, investors shy away from uncertainty, and consumer confidence goes down in difficult times.
I think increasingly WWE is a global company – as much as they can they want to push out into new markets like Europe.
I think it’s a competitive advantage that both Amazon and Google and other tech companies have over a lot of their counterparts. They take big risks and are pioneering new markets with the promise of big rewards. It’s why Amazon is kind of reliably starting new businesses and opening kind of new frontiers.
Well, the U.S., of course, is the world’s largest economy. It’s about a quarter of the world’s output. It’s also home to many of the largest financial institutions and financial markets.
Bayer’s planned acquisition of Monsanto promises to increase concentration in both the seed and agrochemical markets.
The U.S. has since the end of World War II had an answer – we stand for free peoples and free markets, we are willing to support and defend them – we will sustain a balance of power that favors freedom.
At Amazon, we were not working with the e-commerce division but with the Web services team. We started Flipkart completely from scrap. Moreover, the whole shopping behaviour and infrastructure challenges in the Indian market were different from that in the U.S. and European markets.
I wanted to give money to people like this woman so that they would be free from the moneylenders to sell their product at the price which the markets gave them – which was much higher than what the trader was giving them.
At the end of the day, the markets are my passion.
Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs.
The UK desperately needs less government and freer markets.
Well, you have the public not wanting any new spending, you have the Republicans not wanting any new taxes, you have the Democrats not wanting any new spending cuts, you have the markets not wanting any new borrowing, and you have the economists wanting all of the above. And that leads to paralysis.
What I’ve been developing is a vegan fast food chain and vegan food markets.
How Hungama became the top children’s channel in India is interesting because we were up against, not just Disney, but also Time Warner’s Cartoon Network. It was an illustration of the fact that for any company that wants to grow in emerging markets, localizing content is the key.
Markets and science show that some fields of human endeavour work much better than political decision-making. I think we could do much much better if we will face our problems honestly.
Taming the financial markets and winning back democratic control over them is the central condition for creating a new social balance in Germany and Europe.
When valuation confidence falls, it means that stock markets are perceived as overpriced.
In general, great companies prefer to grow ‘organically,’ as Wall Street likes to say. That is, from the inside out, by finding new markets or by taking market share from their competitors.
The lesson of 2008 is that ultimately our markets are driven by confidence.
The thing we should all be looking for are people who want to make a difference. I’m a big believer in the Silicon Valley religion of the power of markets. But I also believe in our obligation to give back, and to give back in the way we do business, to create more value than we capture for ourselves.
Shaping the future is what drives me. Since I left politics, I’m very much interested in emerging markets.
One cannot see any world leader who has got a grip on the financial markets these days. They’re too big, too fast. I think that’s quite scary.
James Goldsmith is important because he used the power of the markets to break up the cosy patrician elite that ran Britain and its industries in the 1950s and ’60s. In the process, Goldsmith helped transfer power in this country away from politics and towards the markets and the financial sector.
Economic growth creates jobs, and countries grow when they educate their people and pursue policies that encourage households to save, existing businesses to invest, and entrepreneurs to innovate and create new markets.
ITC works to help firms in poor countries become more competitive and overcome the barriers that are keeping their goods and services out of international markets.
Forecasts vary in horizon, from a few seconds up to a few days in financial markets, compared to from one to several months for macro variables. We have to provide uncertainty intervals around the central forecasts to indicate the extent to which we are unclear about the future.
I don’t feel necessarily it’s winner-take-all across the globe, where there has to be one local guide for the entire world. We’ll certainly do as many of these markets as we can.
But I can tell you markets are like women, always commanding, always mysterious, always volatile, always exciting and it is not a joke.
Behind the criticism of fashion as an artistic medium is a highly ideological prejudice: against markets, against consumers, against the dynamism of Western commercial society. The debate is not about art but about culture and economics.
We want to reach free energy markets, but with subsidy programmes for those with low income, and not to have the subsidy in the form of lowering the energy prices, but through other programmes.
