Sublime

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Replace “policy” with “business” and you get the point. Chinese entrepreneurs were trained by their unique history and culture to evolve in the permanent instability that characterizes the current age. And so as part of the process of doing business in today’s highly competitive economy, the Chinese giants diversify; they buy out other tech compani

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Who is the most successful entrepreneur in human history? Henry Ford? Steve Jobs, perhaps? For my money, that distinction, hands down, goes to Saul of Tarsus—later Saint Paul, to Christians. Even if you aren’t a Christian, hear me out: He was the first-century convert to the teachings of Christ who organized the work of a messianic itinerant preach

A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.

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Economies that combined all these institutional innovations – banks, bond markets, stock markets, insurance and property-owning democracy – performed better over the long run than those that did not, because financial intermediation generally permits a more efficient allocation of resources