about 20 minutes right so so it just depends on how you engage but you can find time I promise you number two financial capital so you know sometimes many times you Adam Cheryl I have you've seen this you've got an opportunity toinvest investing maybe something you want to do or not do it may not be right for you right now you may not have the
Thank you very much for having me. I moved to India in 2011 as a foreign correspondent for the "Financial Times." And so I landed in Mumbai, the financial capital , one morning in November of that year.
Is it all about investment? But one thing that worries people is whether or not we can remain the financial capital .
to work, or to live in a particular area, or to have the particular choices. And what's interesting is that the studies on happiness reveal that sudden increases in financial capital , like winning the lottery, over the medium term, after a few months, do absolutely nothing to increase your sense of happiness.
It was oil in the ground. It was inventory on the shelves, all things that required financial capital to support. And so the companies the won were the ones that had the most stuff and the most financing to support all of that.
As we see after "Crazy Rich Asians," and a bunch of us saw "Always Be My Maybe" last night. I can tell you it's not capital, like financial capital that we use.
to navigate through this whole journey. And what motivates me now is we've done a great job of building all this financial capital , and now what's coming along is this human capital
It refers to the trust that is found in relationships. So if two companies have, if one company has more financial capital than another, but everything else is equal, more money in the bank is going to let them beat out the other company. Similarly, if two companies are identical and identical in financial capital , but one has more social capital, that is, people can do as David said you need help, you ask for
So if two companies have, if one company has more financial capital than another, but everything else is equal, more money in the bank is going to let them beat out the other company. Similarly, if two companies are identical and identical in financial capital , but one has more social capital, that is, people can do as David said you need help, you ask for it, you get it.
And so we wound our way through Mumbai, through the sort of past the slums outside of the airport fence, down through the city, which for those of you who don't know it, is a very fast and exciting city, much like New York, the financial capital . And as we came down into midtown, the driver sort of slowed the car down and started pointing excitedly out of the window up ahead.
Why would you build a railroad in Nigeria-- $12 billion worth of railroad? It goes from Calabar, which is a port town, to Lagos, the financial capital . It crosses some oil fields, and that's the clue.
So I was there last night. And so if you dig into that, your resources are time, financial capital or money, and intellectual capital.
And I'm talking about the poorest people in the world. The parts of the world that face the greatest problems are also the parts of the world that have the fewest resources to be able to deal with them. People who live in rural villages in the Third World, for example, don't have the financial capital to spend money to solve social problems. Because they don't get good health care or good education, they also tend to lack the necessary human capital as well. But one kind of capital they have in abundance is social