Philipp Carlsson-Szlezak, BCG’s Global Chief Economist, joined host Barry Ritholtz to discuss the pitfalls of traditional economic research and the benefits of the eclectic, narratives-based approach outlined in his and BCG Sr. Economist Paul Swartz’s book.
"[While] the history of space activities is remarkable, central control [by the government] meant that there really was no mechanism for a normal person or company to benefit from space activities. Today, that is fundamentally changing."
"The main thing [that has changed] about business is dematerialization. Modern businesses are all about people. The relationships between people are not primarily transactional they are largely social. And managing these relationships is key to running a successful business in the 21st century."
"Uncertainty is a part of life. We would not want to go to see a movie where we knew the ending. Similarly, entrepreneurs [are] impelled to proceed with their venture because they may not know where it is going."
"Our mission is simple yet profound: to build businesses we’d be proud to own forever. It’s not just about the bottom line; it’s about tackling the hard problems that matter, investing in people who make a difference, and creating enduring value that spans generations."
“Choosing the right target is about 45% of [success]. The price is about 20% [...]. And the integration is about 35%.”
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