A Quote by Ritesh Agarwal
Geopolitical impact is going to become one of the big risks for companies which are global.
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When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never used to think were really that important, but as soon as we recognize how the financial sector - the risks the financial sector takes on can impact the entire global economy, we realize that those risks needed to be controlled for the social good.
Sooner or later, you will see a China-based company that really has a global impact, and I think Baidu has a chance to become one of those companies. We should be able to compete on a global basis.
The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.
Startups allow technologists and scientists to take risks and change plans in a way that would be frowned upon in a big company. Having said that, big companies will play a key role in certain areas and in partnerships with little companies. Each has its strengths.
But by shining these lights in different places, they really have uncovered things that companies in their own interest are trying to clean up. We're not going to get rid of the realities of global competition. But these companies, like Nike or Gap, have global brands that they want to protect.
I like the challenge of growing small companies into big global companies.
On the one side, I welcome prosecutions of individuals such as Pinochet, and would welcome the indictment, prosecution, and punishment of Kissinger. On the other side is the geopolitical reality that only those in the global South are likely to experience the impact of Universal Jurisdiction.
I think jobs can have a big impact. I think if we continue to create jobs - over a million, substantially more than a million. And you see just the other day, the car companies coming in with Foxconn. I think if we continue to create jobs at levels that I'm creating jobs, I think that's going to have a tremendous impact - positive impact on race relations.
The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me that the real things you want to hedge are real risks, for example, risks in innovation. The fact is that you'd like companies to be able to take bigger chances. Presumably one obstacle to successful R&D, particularly when the costs are large, are the risks involved.
If you can make a big impact on the global literacy problem, you can uplift a big portion of society.
My feeling is that if you can make a big impact on the global literacy problem, you can uplift a big portion of society.
Their [American banks] big issue will be if they want to deal with the biggest companies, which are doing a lot of business overseas. How they do that is a big question. It's almost impossible to build a global investment bank from scratch. If they want to do that, they probably will have to do an acquisition.
We call them impact songs, and people buy impact songs. But you just never know what those songs are going to be. One of those songs that really went through the roof for us was 'Big Green Tractor,' which I thought was kind of a fun little ditty song that I never in a million years thought would be as big as it was. But it was.
The Chinese government supports Chinese companies in going global. But we believe that this process should be market-oriented, with companies being the main driver.
Markets do not run better when manufacturing shifts to China largely because of the actions of its government. Nor do they become more efficient when Chinese companies are given special privileges in global markets, while American companies must struggle to compete with unfairly traded goods.
Putin is just maneuvering. He wants to be respected. He wants to be an important player in global politics. He wants people to negotiate with him and he wants to have the trade-offs here and there and spheres of influence. He's very much a person of the 20th century in the global and geopolitical space.
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