We are in Abu Dhabi. You come here pretty often. We were just talking about the weather in Abu Dhabi and how it is like.And so, you know, since you're on the ground and you have a presence in this emirate and you come here pretty often, what do you think it would take for the UAE, whether it's Abu Dhabi or Dubai, to establish themselves as global asset management hubs. Or where do you think they are in their cycles right now. I think, as you say, I've been coming here for 32 years, so I've watched it evolve ...

And staying with India. Indian airports in turmoil after the country's largest airline cancelled more than 2000 flights in just days. Long queues, stranded families and frayed tempers have become the norm at major hubs across the country.Indian regulators have ordered the CEO of IndiGo to explain the severe disruptions which began last Tuesday. Let's get perspective. Vandana Singh, chairperson at the Federation of Aviation Industry in India.Vandana, what's your take. I mean, what went wrong with IndiGo. Tha ...

Thailand's military says it launched airstrikes along its border with Cambodia after clashes killed one Thai soldier and injured four. Both countries have accused each other of breaching a cease fire agreement brokered by Malaysia and US President Donald Trump. Let's cross to Bangkok and our Thai land reporter Randy Thanthong-Knight.Randy, what triggered this latest clash and why is it escalating now. So just to recap, last month there was a landmine incident that injured several Thai soldiers. And Thailand ...

[CC may contain inaccuracies] It's now recommending effectively going underweight the mega-cap tech stocks versus the rest of the S&P 500. Veteran strategist Ed Yardeni says he sees more competitors coming for the juicy profit margins of the Mag Seven. Yardeni is also seeing little reason to stay overweight on the U.S. in the all country world MSCI portfolio.Some global peers have outperformed the S&P 500 this year on cheaper valuations and the weaker dollar. Let's talk to the man himself. Ed Yardeni is pre ...

Economic Overview - Nepal's 31 million inhabitants have an average annual income of less than $2,000 [1] - Nepal's GDP is approximately $40 billion per year [1] - Nepal's GDP has grown at an average annual rate of over 4% in the last 10 years [2] - Nepal experienced 4.2% economic growth in the last decade [2] Inequality Trends - Nepal's Gini coefficient has fallen over the past two decades, suggesting a shrinking gap between rich and poor [2] Social Perceptions - There's a changing perception of wealth, highlighted by discussions around "Nepo babies" and the experiences of affluent individuals [3]

If AI is going to be that successful in building productivity, uh we've all know all the amazing things AI can do that currently you need a human being to do. It of necessity involves far fewer people actually in work. Capitalism without workers is a very difficult concept.Uh and if you want capitalism to work with democracy, capitalism with workers is not an easy thing to get a majority of the people to go along with. I'm being a British understatement there. There's no way people are going to work going t ...

got my first credit card on campus at college at at 18. Didn't fully understand what I was signing up for. Certainly didn't read the fine print where it said 0% asterisk.Don't worry about it. Borrowed a bunch of money, financed my first startup from that very same credit card. Promptly got into more that I could afford to pay for.Startup failed. Eventually got some nasty calls from collectors. paid it off and four years later or five years later took this little company PayPal public was basically independe ...

Industry Overview & Challenges - US Census Bureau data indicates over half of US businesses are owned by individuals aged 55 and older, signaling a wave of transitions [4] - Approximately 55 million small family-owned businesses are vital to the US economy, employing a significant portion of the workforce [5] - A US bank survey reveals only 50% of 1,000 small businesses interviewed have a succession plan in place, highlighting a lack of preparation for transitions [7] - Rising generations often prefer inheriting cash from business sales rather than running the family business, potentially leading to job losses and community disruption [6][7] Succession & Transition Strategies - Succession planning should start earlier, regardless of business size, and owners should seek professional advice instead of relying solely on friends [9][10] - Owners should explore options beyond selling, such as becoming owner-investors, to maintain control and legacy [10][27] - Private equity firms offer options for owners to sell while remaining involved, preserving local enterprise aspects [15] Private Equity & Consolidation - Soundcore focuses on recession-resistant businesses, holding them for an average of five years [21] - Soundcore's strategy involves buying small businesses at lower multiples (averaging 59 times EBITDA) compared to typical private equity firms (12-20+ times EBITDA), indicating less competition in this segment [19][20] - The rise of large consolidators may lead to a shift from local, personality-based businesses to standardized, less community-focused experiences [25] Wealth Transfer & Business Value - Baby boomer and older households are expected to pass down approximately $100 trillion in wealth over the next 25 years [11] - Family-owned businesses constitute roughly 18% of their net worth, representing an estimated $18 trillion in business value potentially changing hands by 2048 [12] - A founder's departure can decrease business value if they control key local relationships [14]

So how do you feel about India today under Prime Minister Modi. >> I feel very worried about it you know because um I mean I have a lot of friends in India who who are journalists and who who from whom I get interesting information about what's going on and and I think everybody is extremely concerned with the attack on freedoms um of journalists of writers of intellectuals of professors you know etc. There is a even beyond that there seems to be a desire to rewrite the history of the country. Um essentiall ...

Capitalism's Evolution and Crisis - Capitalism has adapted through various models, including laissez-faire (1.0), Keynesianism (2.0), and Thatcher-Reagan era (3.0), each with its own strengths and weaknesses [3][6][7][8] - The model in force until 2008 crisis has perished, and a new model (Capitalism 4.0) is yet to take shape with clarity [5][6] - Markets signal to politicians when a model has ceased to work, as seen with the Great Crash, the inflation of the 1970s, and the 2008 crisis [10] Challenges to Contemporary Capitalism - Over-intervention by governments to minimize pain for markets and investors has ruined capitalism [14] - The expansion of the state, the culture of bailouts, and regulations undermine capitalism by entrenching incumbents and socializing losses [15][16][17] - Concentration of power in a few companies dominating the S&P 500 is a perversion of capitalism [17] - Productivity growth is falling off due to the loss of dynamism in capitalism, with constant state support hindering new entrants [18][19] Disillusionment and Alternatives - Approximately 70% of Americans believe they are unlikely to be better off than their parents, violating the American capitalist dream [21] - Many young people in America are disillusioned with the current form of capitalism and prefer socialism [22][23] Financialization and Liquidity Concerns - The degree of liquidity and financialization in the markets is seen as a problem by many capitalists [24] - Liquification and financialization of the economy have eliminated judgment and trust, leading to a version of capitalism that may not be better than socialism or communism [26]