The road to bold is paved with failure, and this means having a strategy in place to handle risk and learn from mistakes is critical. - Peter Diamandis

The World's Biggest Problems = Biggest Business Opportunities

He described three stages to their development. "In the beginning," says Clarke, "people tell you that's a crazy idea, and it'll never work. Next, people say your idea might work, but it's not worth doing. Finally, eventually, people say, I told you that it was a great idea all along!

Even when there’s automation, this doesn’t always create the dire results we expect. Consider automatic teller machines (ATMs). When they were first rolled out in the late 1970s, there were serious concerns about bank teller layoffs. Between 1995 and 2010, the number of ATMs in America went from one hundred thousand to four hundred thousand, but mass teller unemployment wasn’t the result. Because ATMs made it cheaper to operate banks, the number of banks grew by 40 percent. More banks meant more jobs for human bank tellers, which is why bank teller employment actually rose during this period.