Interesting Observation from Davos

Some interesting insights observed from the discussions at the World Economic Forum in Davos so far:

• At least 50.8% voted for overconfidence in the ability of markets to self regulate as the major cause for the present economic crisis

• Corporate governance methods need to be remodelled

• The newspaper industry is a dying industry as advertising is increasingly shifting form print to online

• The capital required to initiate social entrepreneurship is often lower than that for conventional business

• History shapes human being but our fantasies determines our future

• Excessive reliance on models has been blamed for much of the financial crisis