How the economy works in 30 minutes – by Ray Dalio
The guy who put it together is one of our economics gurus – a billionaire hedge fund manager in the US called Ray Dalio, who among other things, has a love of history.
This is perhaps the most comprehensive and complete explanations of the economy and economic cycles we have ever seen:
The information contained in this post is current at the date of editing – 30 May 2023.
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If you had sat me down 5-10 years ago and asked me the top 5 things I would like to change about the taxi industry, within about 20 minutes of brainstorming I would have nailed all 5 of the ‘innovations’ that Uber has implemented. It’s all the rage to bag Uber right now, and that is not my point. I am bagging the people who think that Uber was innovative, or disruptive. Uber, as a business model, was simply to break the law en masse. Plain and simple.
Advocating for diversity makes sense for a minority view trying to get a foothold or survive in a sea of opposition. Diversity and tolerance protect the little guy. But once a foothold is established for our idea, we tend to become a lot less tolerant and accepting of true diversity of opinion on the issue.
A Sweat Equity Agreement is an agreement between a business and someone providing services, whereby the service provider agrees to take equity in the business, rather than cash. Sounds simple? The devil is in the detail…