The basic dream of many Colombians is to have a secure nation, without exclusions, with equity, and without hatred.
It's very hard for individual inventors to get paid. For the same reason that private equity is valuable - broadly, that's a good thing - in the case of patents, many that own them aren't in a good position to take the next step.
One of the reasons why we can make a lot of money in equity markets is because they're auction-driven, and auction-driven markets are very different from almost any other kind of market.
All equity categories, correctly calculated, create near-identical lifelong returns. They just get there via wildly differing paths.
I'm not so worried about super-intelligence and 'Terminator' scenarios. Frankly I think those are quite farfetched.
When I tell a woman you really need to quit your soul-sucking job, she goes home, and she can tell her husband, 'I need to quit,' and he's like, 'O.K., let's do it.'
Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.