Kabir Sehgal Quotes
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Researchers have compared brain scans of those people who are making money to those high on cocaine and found that them to be almost identical. Money has a biological and psychological effect on us.
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Gone is the day where you work at a job for thirty years and retire. Millennials jump around and switch careers. I think it's important for CEOs to highlight career mobility within a company, so that employees don't get bored and continue to be stimulated.
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The oldest and most important currency is debt.
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People have tried to control other people by trapping them with debt. A loan can become a harmful and dangerous weapon.
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In some cultures, when you give someone a gift, it's expected that they will pass it on. This seems like a peculiar practice in the West, but in many other societies, a gift has a spirit. If you try to possess the gift, you remove its spirit as a gift.
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All decisions originate in the brain. So if we can better understand what's happening in the brain when we make investment decisions, maybe one day we'll be able to make more accurate financial forecasts - for a stock or even the entire market.
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Social standing and reptuation has always mattered, but now it 's happening on a global basis.
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Money is becoming increasingly plastic and digital. If there is a major disaster, let's say an asteroid strike, we'll go back to trading meats and furs. We won't need an abstraction, a dollar bill, but real tangible goods to survive.
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All organisms rely on exchange. They form symbiotic partnerships in order to obtain the energy that they need to survive. Energy is the currency of nature.
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Researchers have found that identical twins who have been separated for long periods of time actually invest in a similar manner. Biology really does affect how we spend money.
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On a biological level, the brain registers money as something valuable - even a dollar bill which has no intrinsic value, it's just paper.
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The New Testament states that man cannot serve two masters. He must choose one -God, and not the other - money. For what man chooses will reveal his heart.
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Reputation will become an even more important currency in the future.
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I don't think money can be understood through a lens limited to economics. And most books about money tell you the history of money, the instrument. But money is also an idea, one that we exchange to survive.
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For the last several decades, there was a prevailing belief among traditional economists that the markets were rational and self-correcting. Alan Greenspan advocated this view. But the 2008 financial crisis showed that this view is incorrect, and Greenspan eventually admitted as much.
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The challenge of our generation, whether it's young lawyers, young investment bankers, is to make capitalism work for people not just around the corner, but for people all around the world.
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We need to have financial literacy in America, not just complaining about obstructionism. We need solutions. And I think the solutions are using high finance to make capitalism work for people around the world.
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Albert Murray's The Omni-Americans is the most valuable non-business book because it discusses how you have to draw upon everyone's creativity. America is a mash-up of cultures and traditions, and great businesses know how to tap the strengths of all their employees, whatever their background may be.
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It's ok to say I don't know. Realizing this earlier in my career would have put me more at ease.
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Persistence. Change doesn't happen overnight. You have to stay with it. Rosa Parks helped start the Civil Rights movement in earnest in 1955. Then it was nearly a decade until the Civil Rights Act was passed.
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When you go to a Japense wedding, make sure that you tie the ribbon on the present tightly because if you don't, you may imply that you don't think the marriage will last.
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One of the best ways to convince someone is to use a telling example, a story, a narrative. When Steve Jobs announced a new product, he told a story, exzlaining how a product would change the world as we know it. He turned Apple into a story whose challenges and adventures you want to hear about.
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It's a Wonderful Life. This film illustrates that if you treat your customers with respect, they will recognize you and even help when you're most in need.
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Money numbs your senses. People who touched paper money and then placed their hands in hot burning water didn't feel as much pain as those who hadn't touched money.