“ QUOTES “It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.” - George Soros “The most important quality for an investor is temperament, not intellect. - Warren Buffett “To increase my wealth, I had to decrease my wants.” - Michelle Singletary, American journalist, author I f you ask the experts, your financial lot in life comes down to two key things: your character and decision-making prowess. Strong decision-making skills enable you to determine the best path to take, while a sturdy character gives you the fortitude to take the right path. With character, you will also be better prepared for any financial outcome – even when the chips are down. This collection of finance commentary hones in on the impact of our investment decisions and how we can use our money to build a better world through the enduring magic of innovation..
Leaders Speak - Finance “Private companies will develop the technology to make recycling profitable, but there needs to be a reason or incentive. That may be funding, grants, or R&D tax incentives to make it economically viable. “R&D incentives have steadily decreased in Australia, and that is affecting organisations, there are not enough incentives for us to put on more scientists. Recycling used to be someone else’s problem, it is now our problem. When it comes to building a circular economy in Australia, there are great lessons you can take from overseas. We are behind but can take a giant leap in front, and we have a moral obligation to our future generations to move towards sustainability.”
Marc Lichtenstein , CEO, Close the Loop
“From the billions of dollars Australia spends every year on research, much of the eco- nomic potential is missed. It is critical that we find a way to create businesses directly from research rather than relying on licence deals and interactions with existing busi- ness. It’s also critical to find a way to commercialise research from researchers who don’t want to run a business themselves.”
Tom Kenyon , General Manager, Innovyz Institute
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INNOVATIA
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