Alexander Olshansky: Well, first of all

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On Future Trends in Entrepreneurship and Education
Denis Dovgopoly: OK. Now let's get down to specifics. Tell me, what should you do now? What three main vectors would you outline in terms of applying entrepreneurial efforts and in terms of investment decisions?

these are very different things: entrepreneurship and investment. By the way, I only recently realized the difference. Investments are bets on players in a casino, and entrepreneurship is a game in a casino. There is a certain difference, a very significant one, in the meantime, you play yourself, that is, you spin the wheel yourself, or you only remotely place bets on or together with those who spin. Maybe with roulette it is not so noticeable, but, for example, if you throw dice, then you luxembourg number data are either a participant in this process or you only place bets. The part that is entrepreneurship is like the sum of efforts: you must know where to put it and throw the dice correctly; and the part that only places bets on the winners in a game of dice, there is enough knowledge. This is a pure vision of the future, just an attempt to capitalize on the fact that my brain can build a better model of the surrounding world than his brain, this is an investment. Therefore, these are two different things. What is the main difference? The thing is that when you need to tweak the cubes, you need to have this skill. For example, I suppose that it would be good to invest in thermonuclear fusion, but I have no skills, so I cannot engage in entrepreneurship in this area - I can only invest. But, for example, I have been saying for many years that I would invest in the Internet (in general) and Android (in particular) inside a car. Here I have some skills, under favorable circumstances I can also tweak the cubes, that is, I can somehow influence, and not just place a bet. These are two very big differences.

I will talk about investments now, because it is useless to talk about entrepreneurship, based on the fact that I do not know what skills any of you have, who can correctly rearrange the cubes in what place. Therefore, I will talk about investments. Everything actually follows from what I said earlier. That is, we need to invest in energy, in medicine globally. In medicine, especially in its information component, in everything related to monitoring life, everything related to research, etc. Everything that can be computerized. By the way, there is a direct connection between medicine and energy - the average life expectancy clearly correlates with the production of electricity per capita.

Whatever I invest in. Again, this is a non-recursive set. As Buffett was asked before the crisis: "What should we invest in?" He said: "I don't know what we should invest in, but I wouldn't give a single dollar for a single printed publication." It is clear that he was right. It is the same here, it is much easier to say what not to invest in. Of course, you should not invest in retail. If you are going to invest long-term, for example, for ten years, then you definitely should not invest there. Of course, it is clear that if today's retail trade has a downward trend, then the upward trend will be in logistics companies, for example. That is, of course, you need to invest in the logistics of everything and everyone. Moreover, especially not in basic logistics, when they transport by pallets, but in door-to-door logistics.