EVENT IN BRIEFAs global disruption sparks new waves of innovation and dramatic industry change, an elite roster of enterprise executives, top investors and market leaders converged in New York City to strategize and exchange insights for what’s next. At the fifth annual Forbes Iconoclast Summit, presented by Corient, their high-impact discussions explored wealth creation, portfolio resilience, AI growth, the power of sports, managing risk, human connection and more.Powerhouses in finance, technology, culture and sports – including Sir David Beckham and Michael Strahan, Ray Dalio and Mellody Hobson – as well as CEOs and institutional leaders of the NYSE, JPMorgan Chase, Bank of America, Condé Naste and more were among the attendees, who collectively manage more than $20 trillion in assets.Their dynamic on-stage conversations revealed emerging opportunities and challenges, bold pathways to success and critical insights for an uncertain future.Below, explore key takeaways from the event.HIGHLIGHTSVALUE YOUR PARTNERS “Teamwork is about doing the right things, making the right decisions, understanding that everyone in your business is important. You know, you don't have to be an unkind person or a mean person to be successful.” Sir David Beckham, Partner, Authentic Brands Group and Co-Owner, Inter Miami CFDIVERSIFY YOUR GAME PLAN“The key of everything is really to know how to diversify. … You can eliminate your risk by up to 80%, without reducing your return, by knowing how to create balance.”Ray Dalio, Founder, Bridgewater AssociatesINVEST IN WOMEN’S SPORTS“One of the most compelling things I've seen in my 35-year career is what's happening in women's sports. … We now have families becoming used to paying for their girls to play sports, and those will be the ticket holders and the fans of the future.”Mellody Hobson, Co-CEO, Ariel InvestmentsHARNESS THE UNKNOWN“We're on the precipice of living in a completely different way, … and you see it reflected in the capital markets. So, we've got to figure out how we harness it, and, very importantly, allow a broader base to access these capital markets.”Mary Callahan Erdoes, CEO, JPMorgan Chase Asset & Wealth ManagementFOCUS ON PRINCIPLES“We kept focused on our purpose. We kept saying: we're here to help our customers, we're here to help the teammates, to help the communities, and we'll make a lot of money for the shareholders — and that's what we did.”Brian Moynihan, Chair of the Board & CEO, Bank of AmericaBUILD AN AI ROADMAP“The real magic is in the companies that can accurately articulate a roadmap of use cases led by AI. That's where the value is going to accrue medium to long term, which is what investors should be thinking about.”Lynn Martin, President, NYSE GroupMichael Strahan, Pro Football Hall of Famer, Broadcaster, and Entrepreneur“Focus on your job at hand. … That's your primary. Do not sacrifice that for something secondary. Do not get sidetracked by side business, or anything like that.” Anastasia Soare, Founder & CEO, Anastasia Beverly Hills“I listen and I'm close to my customer all the time. I think that’s key for my business: to stay close, to know what they want and create products that they don't even know they want, but they will love.”Harvey Schwartz, CEO, Carlyle“Not participating is a pretty painful feeling for people. So, you have to decide: do I want the pain of missing out, or do I want the pain of knowing that I was being quite conservative? And that's a very personal thing.”Adam Katz, Partner & Head of Entrepreneurs and Founders Practice Group, Corient“Use your financial wealth as a gateway to real wealth – which is time, autonomy, health and memory making.”Roger Lynch, CEO, Condé Nast “The most important thing is to maintain trust with your audiences, because trust is going to be at a premium. ... Pretty soon, 90% of the content on the internet will be AI-generated.”Bin Lu, EVP Power Products, Energy Management Business, Schneider Electric“The future data center architecture will … operate with much less energy, much less water and so on – making it much more efficient. But, this is only possible when an ecosystem works together with a common mission.”Olivia Walton, Founder & CEO, Ingeborg Investments and Founder, Healthy Moms Healthy Babies America “Only 2% of [venture capital] dollars go to women entrepreneurs. ... My thesis is: the gap is actually the opportunity. Like, does anybody think women only have 2% of the good ideas? No.”Shalabh Gupta, M.D., Founder, CEO, President and Chairman, Unicycive Therapeutics“Every time you talk about drug development, people talk about a long journey. There are places where AI can make things better, and those solutions are coming in place as we speak.”Michal Katz, Head of Investment & Corporate Banking, Mizuho Americas“I view the private and public market as ‘and’ not ‘or,’ and it really does depend on where the company is and its evolution. So, the question is: … who's going to be the patient capital to support you through that cycle?” WATCHEVENT OVERVIEWEXCLUSIVELY FOR FORBES MEMBERSBecome a member for access, plus get all our premium journalism, attend members-only events with leading thinkers and doers, and more.