There's an advantage of volume, and there's an advantage of time.

Promotion of financial innovation.

These innovations were considered technical successes.

Assessment and transferability of innovations

Capacity to absorb an innovation

So a lot of these innovations are local.

A privilege for the few.

What advantage?

Patience is a virtue.

The next 13 and a half percent of our population are our early adopters.

The next 13.5 of our population are our early adopters.

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It's really, really awesome.

It's a good quality.

Why? What's in Lisbon?

An admirable quality in one of your kind.

The necessary innovations are emerging.

Now consider recent financial innovations.

C. Grass roots innovations and rural livelihoods

The growing geographical and organizational mobility of innovation.

And we're building upon innovations of generations who went before us.

In our globalized age, we have lost the privilege and, paradoxically, the virtue of ignorance.

Control Z like the computer command, undo.

When we did the analysis of this bone, it was clear that it looked very chimp like, chimpanzee like.

But he had a gift.

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That's an actual quality of the trickster.

That's often the advantage of time.

When you make up your mind to hang a man, you put yourself at a disadvantage with him.

What other merit have we?

Yet, if local conditions are not ripe, taking innovations from other contexts will not result in successful innovation adoption and diffusion.

Transferring innovations and successful practices is about knowledge transfer.

So, if we want to then, to our blueprint, add the first important feature, we want to add distributed foot contact.

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But you have a bonus with this bench.

See? You don't.

And that gave them an evolutionary advantage.

But one more added feature.

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This privilege is called seigniorage.

MS It would be an unfair advantage if he gets to ride in a golf cart.

That's every man's privilege. I thank you for being so frank.

I admit, it has the merit of being well thought out.

Some believe that if innovations are sustainable, they become successful practices.