Shane has written the Word business column since 2009. He left his home town of Brisbane, Australia in 2004 and has worked in several Asian countries as well as Guatemala and Ukraine. He is interested in economics and the subtleties of doing business in Asia. Shane works in the insurance industry and can be contacted at email@example.com
We are all rational people, right? Well maybe not. I have recently seen some very poor decision-making by people who should know better. This got me thinking; why do reasonable and rational people often make such foolish decisions?
There are 1,826 dollar billionaires in the world. Vietnam has one — Mr Pham Nhat Vuong who ranks 1,118 in the billionaire list. He is the founder and chairman of Vingroup. Approved Index, a UK-based business-networking group, crunched the numbers from Forbes’ World’s Billionaires list in 2015 to find the most billionaire-dense nations.
In a recent report released by Credit Suisse they introduced the CS Global Family 900 universe, which is a database of the 920 largest family-run businesses on the planet.
I read a great article last month on recent developments in Artificial Intelligence (AI) and how this is the most important thing in the world right now that no one is talking about. For those of you like myself who had little recent information on this trend, I highly recommend you to read the article on waitbutwhy.com entitled The AI Revolution: The Road to Superintelligence. So firstly may I welcome our new robot overlords. In their honour I will look into the jobs that are going to be the first to go (as reported by NPR).