Steven

That works for people with our brains and our mindset and whatever we had that made us do that, our risk appetite, our trauma, whatever it might be. But not everybody is wired in such a way. So that's not necessarily the best solution for everyone. And also we sit here with a bit of hindsight bias where we were lucky and it worked out for us.

That works for people with our brains and our mindset and whatever we had that made us do that, our risk appetite, our trauma, whatever it might be. But not everybody is wired in such a way. So that's not necessarily the best solution for everyone. And also we sit here with a bit of hindsight bias where we were lucky and it worked out for us.

But when you look at the stats around businesses succeeding, well, you know the stats. It's like 90% of businesses fail. So most of them are failing. The ones that emerge from that, people like me, then we have a bias where we go, well, it worked for us and you can do it too. I don't come from money, so I have the same bias like I watched.

But when you look at the stats around businesses succeeding, well, you know the stats. It's like 90% of businesses fail. So most of them are failing. The ones that emerge from that, people like me, then we have a bias where we go, well, it worked for us and you can do it too. I don't come from money, so I have the same bias like I watched.

And when we say start from nothing, you actually started with a wealth of information. And the whole game in building a business – intellectual capital, having been through it before, being around that mentor that gave you the information.

And when we say start from nothing, you actually started with a wealth of information. And the whole game in building a business – intellectual capital, having been through it before, being around that mentor that gave you the information.

So this can't be broadly applicable advice, can it?

So this can't be broadly applicable advice, can it?

Even that is a consequence of...

Even that is a consequence of...

So that, again, is we need this one. That's advice for the people that end up getting into that 1%. But who does everyone else work for? Like all jobs growth comes from entrepreneurs.

So that, again, is we need this one. That's advice for the people that end up getting into that 1%. But who does everyone else work for? Like all jobs growth comes from entrepreneurs.

So you're encouraging the entrepreneurial... You're not encouraging everyone to become an entrepreneur.

So you're encouraging the entrepreneurial... You're not encouraging everyone to become an entrepreneur.

I think it doesn't work. It doesn't work. Listen, the last 70 years are not normal, Stephen. The last 70 years are not normal. The last 70 years in Europe and the US where ordinary people like my dad could work for the post office on less than average wage and buy a house and support family, it's not normal. It's not normal in the world and it's not normal in history.

I think it doesn't work. It doesn't work. Listen, the last 70 years are not normal, Stephen. The last 70 years are not normal. The last 70 years in Europe and the US where ordinary people like my dad could work for the post office on less than average wage and buy a house and support family, it's not normal. It's not normal in the world and it's not normal in history.

Most countries in the world are not like that. Most countries have a small super-rich elite and a very large group of extremely poor people. That's most of the country, and it's most of history in this country, and it's most of history in the US. You know, we talk about Charles Dickens. I read Hard Times.

Most countries in the world are not like that. Most countries have a small super-rich elite and a very large group of extremely poor people. That's most of the country, and it's most of history in this country, and it's most of history in the US. You know, we talk about Charles Dickens. I read Hard Times.

I read Hard Times, and this is written in the 19th century when Britain was like the industrial superpower of the whole world. And at the time, the government was talking about should we tax these industrialists? And the industrialists were saying, if you tax us, we'll throw our factories into the sea. And it just reminds me, you know...

I read Hard Times, and this is written in the 19th century when Britain was like the industrial superpower of the whole world. And at the time, the government was talking about should we tax these industrialists? And the industrialists were saying, if you tax us, we'll throw our factories into the sea. And it just reminds me, you know...