The first rule of investing is to survive or put another way to avoid ruin. It’s the same for start-ups, one in five fail in their first year. Thankfully, we’re in year two at Macro Hive, so we’ve done well on this existential metric. When I think about what has allowed us to build a promising business it has to be sticking to the basics:Continue reading “The Three Basics For A Start-Up”
I’ve now done over 25 podcast interviews since launching my Macro Hive Conversations podcast show in March. I’ve interviewed high-profile policymakers like former Bank of England governor, Lord Mervyn King, top investors like Jim Leitner and leading academics like Professor Laura Veldkamp (she recently presented at the Fed’s annual Jackson Hole gathering). I’ve learned a few things along the way, and a few people have asked me for tips, so here they are:Continue reading “How To Conduct Podcast Interviews”
One year ago, we set up Macro Hive. It came into existence as we sent out our first email. It contained two notes from me – one on climate change, another on the euro-area – a selection of handpicked macro blogs and academic papers, and a curation of podcasts. It felt a bit like sending your child off to school for the first time. An extension of you is venturing into the wild, and you hope for acceptance rather than rejection. A year on, Macro Hive is thriving: we’ve built a great community, developed multiple business lines and built a nice culture. And here are five lessons we’ve learned along the way:Continue reading “Lessons From the First Year Of Our Start-Up.”
Michael Bloomberg is the billionaire founder of the financial services data and media company, Bloomberg. He was also the 108th Mayor of New York. He’s confident, outspoken and has strong views on how to start and run a business. I learnt about them in his autobiography. Here are the highlights:Continue reading “What Michael Bloomberg Taught Me About Business”
Twenty years. That’s how long I worked in banking. Aside from a very brief and unhappy start in tech M&A, I’ve spent the entire time doing research. Initially, I focused on foreign exchange markets, before widening out to global economic themes and all markets. Along the way, I’ve grown as a person, had great teachers and made many friends.Continue reading “Starting My New Adventure: Macro Hive With a Side Of Wellbeing”
“Who has control in a conversation, the guy listening or the guy talking?
The listener, of course.
That’s because the talker is revealing information while the listener, if he’s trained well, is directing the conversation toward his own goals. He’s harnessing the talker’s energy for his own ends.”Chris Voss
That’s what Chis Voss, formerly the FBI’s lead international hostage negotiator, writes in his excellent “Never Split the Difference: Negotiating as If Your Life Depended on It”. His insights shatter the idea that good negotiators engage in a battle of wills against their counterpart. If there is a guiding principle in the FBI’s elite negotiating team it’s that you have to remove yourself from the equation.Continue reading “Negotiate Like A Top FBI Hostage Negotiator”
How many times do you hear of a work initiative, company plan or government project that fails and you think it was obvious that was going to happen? Think government projects to upgrade IT systems or building new transport links or think company plans to go digital or break silos.Continue reading “How To Prevent Catastrophic Decision Making (3 min read)”
Every now and then you expect one thing from a book and discover something even better. That’s what I found from the book Delivering Alpha by Hilda Ochoa-Brillembourg. It was recommended by a good friend* who always provides me with new insights, so I shouldn’t have been surprised. The book describes what she has learned over that time, and the discovery was that the book was as much about how to manage as how to trade markets.Continue reading “How To Run an Organisation To Lose Money”
I recently gave a speech on 3 key themes many investors are neglecting . Here’s the summary:
1) US-China tech cold war. The essence is that the US establishment led by the US Department Of Defense (DoD) has deemed China’s tech development as a national security issue. The view has been publically articulated by US Vice President Mike Pence in his Hudson Institute speech last October, where he talked about “using stolen technology, the Chinese Communist Party is turning plowshares into swords on a massive scale”. Meanwhile, the DoD’s venture capital unit, the DIUx, has described in a white paper that a key dimension of China’s technology transfer strategy is to invest in US start-ups, which had to be curtailed. On top of all of this, Congress has taken an increasingly hawkish stance to China.Continue reading “3 Big Structural Forces To Watch: Tech Cold War, Diesel Car Collapse, Liquidity Illusion.”
Do you remember the films “The Flintstones” starring John Goodman or “The Santa Clause” starring Tim Allen? How about “I Love Trouble” with Julia Roberts or “The Shadow” with Alec Baldwin? Well, they all came out in 1994 and they all made more money than a certain Continue reading “How To Create An Enduring Bestseller (6 min read)”