Niall Ferguson

I spend quite a bit of my time in Oxford more than in London, and between Oxford and Stanford, I'm always just permanently jet-lagged, never bored.

Yeah, it's a rough commute.

It is.

And just give me 30 seconds, and I talk about this a lot.

I always say the difference between Europe and the U.S.,

is U.S.

still the best place to make money, Europe the best place to spend it, and the difference between the U.K.

and the U.S.

is you're the ones that stayed.

The risk gene has been starched out of the U.K.

gene pool, and it's been very damaging.

As someone who's bi, not bi-coastal, but bi-country, how would you try to summarize the big difference between the U.K.

and the U.S., and what could the U.K.

learn from it?

I'm a dual citizen, and I look at both and think a lot about this.

I think if you take AI or quantum, take the cutting edge of technology, the UK is clearly a source of real talent.

What's the problem?

It's not the lack of talent or entrepreneurship.

It's the capital markets are utterly unfriendly.

to scaling a really dynamic company, which is why Demis Hassabis and Mustafa Suleiman and others have all ended up in the United States because you have a brilliant company.