Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.
Gavyn Davies Quotes
It was an interesting question as to whether the BBC had a future in the digital world, and what form of market failure could justify the licence fee system.
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I think you can learn as much from success as you can from failure.
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- Elbert HubbardDon't spend time beating on a wall, hoping to transform it into a door.
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- Shoichi YokoiComments on: "Gavyn Davies Quotes: It was an interesting question as to whether the BBC had a future..."
| Birth: | 27th November, 1950 |
| Nationality: | British |
| Profession: | Businessman, Economist, Journalist |
About
Gavyn Davies was born in Zimbabwe. He is an English businessman, economist, and journalist. He is a former Goldman Sachs partner and multi-millionaire who was the chairman of the BBC from 2001 until 2004. He worked in Harold Wilson's Policy Unit from 1974–76 and then as an economic advisor to James Callaghan from 1976–1979. In 2005 he set up a $1.35 Billion hedge fund to invest in macroeconomic situations. He wrote a weekly column on mathematics and statistics, Gavyn Davies does the maths, on Thursdays for The Guardian newspaper. He is currently working as a founding partner of Active Private Equity, Anthos Capital, and Prisma Capital Partners, as well as Chairman of Fulcrum Asset Management.
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