MFiM™... Modular-Finance~in~Motion...

Garrett Hardin: 3 Filters Needed to Think About Problems... farnamstreetblog.com

Shoes of Prey... Design -Your - Own Shoes

Mfim ~ Modular-Finance~in~Motion...™

We live in Changing Times...All is in Flux...

The Good, The Bad and The Ugly...Modular-Finance~in~Motion...™

The Art of Writing a Great Science Book...

Explain, Enchant, and Elevate. It must tell you what something is and why it matters, captivate you to care about it and tickle you into taking pleasure in understanding it, and leave you in a higher state of awareness regarding whatever subtle or monumental aspect of the world the book had made its subject.

Hat tip... Brain Pickings

A Platform Based on Modular-Finance™

Tuesday, December 1, 2015

Matt Ridley - The Evolution of Everything

The Role of Stewards and Statesmen is to Maintain the integrity of the System/Game...

Modular-Finance ~ in ~ Motion™...

Modular-Finance is Reflexive and Utilizes Game Theory, ( Complexity Theory and Evolution Theory) for desision Making ( one move determines/influences the next Move)  -  and Multivarate Calculus...

What is Modularity?

Modularity is a structural fact.

The Future of Finance

Institutional Investor Mag
September 2012


" ACCORDING TO MERRIAM WEBSTER'S. FINANCE IS "THE SYSTEM THAT includes the circulation of money, the granting of credit, the making of investments

Modular-Finance~in~Motion...™

Moulding the future of economics (Image: Matt Murphy/Handsome Frank)

THE GLOBAL financial crisis of 2008 took the world by surprise. Few mainstream economists saw it coming. Most were blind even to the possibility of such a catastrophic collapse. Since then, they have failed to agree on the interventions required to fix it. But it’s not just the crash: there is a growing feeling that orthodox economics can’t provide the answers to our most pressing problems, such as why inequality is spiralling. No wonder there’s talk of revolution.

Earlier this year, several dozen quiet radicals met in a boxy red building on the outskirts of Frankfurt, Germany, to plot just that. The stated aim of this Ernst Strüngmann Forum at the Frankfurt Institute for Advanced Studies was to create “a new synthesis for economics”. But the most zealous of the participants – an unlikely alliance of economists ...

Leader: “Is it time to accept that economic crashes are inevitable?”

Astrology

Is it time to accept that economic crashes are inevitable?

“THE only function of economic forecasting is to make astrology look respectable.” Stanford University economist Ezra Solomon is far from the only person to make this comparison – and the two activities are by some measures quite similar.

Both attempt to uncover patterns in human activity using models of dubious worth, both have proven incapable of reliably predicting the future, both are widely derided – and both are decidedly persistent.

Scientists have long sought to impose their own order on this messy sphere. Physicists have offered up their insights, which have been selectively adopted by economists – the guiding principle being that the models that have caught on tend to be simple, rather than accurate.

Now biologists want a go, with models incorporating swarming, neuroscience and psychology (see “After the crash, can biologists fix economics?“). Their complexities may well prove too unwieldy for them to gain traction.

It’s comforting to imagine that economic disasters can be avoided through smarter forecasting. But if the latest efforts reveal that this is still impossible, it would be better to accept this inevitability than deny it. Otherwise forecasting really will be no more credible than astrology.

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"THE only function of economic forecasting is to make astrology look respectable."

~ Mfim ~

In Modular-Finance, the past is foreign country, they do things differently there...

The Power of Modularity

Hierarchy is a way of limiting complexity in the interests of both stability and evolvability. Systems structured in this way possess a basic, fundamental, competitive simplicity...

Modern Portfolio Theory is a special case or subset of Modular-Portfolio Theory...

What makes Modular-Finance intelligent is the ablility to adapt to change...

We are in the midst of a third revolution....The design revolution....

The Goal of Complexity Economics ~ A better understanding...

Complexity economics will not be a cure all for the challenges of management or the ills of society. But just as a more scientific understanding of natural phenomena has been a major contributor to bettering the human condition, a more scientific understanding of economic phenomena has the potential to help improve the lives of people around the world.


The Goal of Modular-Finance - is to Simplify Complexity...

Modularity: Rewriting The Rules of Business, Economics and Finance in The 21st Century

Business: The first company in an industry that understands how modularity lets you approach the market in new ways and implements a modular strategy can rewrite the rules of competition.

Modular-Finance is a Game of Three Dimansional Chess...

Where the Future can be Different Than the Past...


This is What makes Modular-Finance Different from Modern Finance...


All Modern Finance assumes Stationarity..

MAIN & WALL University: Ernst Strungmann Forum

MAIN & WALL University: Ernst Strungmann Forum: Complexity and Evolution A New Synthesis for Economics February 1–6, 2015 Frankfurt am Main, Germany David Sloan Wilson and Alan Ki...

Upgrade to The NextLevel: Modularity - The Architecture of The Future....

Living in The ModularWorld* ~ The Age of Transformation...

We are living in the early years of a third revolution that will transform strategies and management processes. The first was the Industrial Revolution, the second was the information revolution, and the third (now underway) is the design revolution.

Modular-Finance~in~Motion

"a force of value' originates in the minds of designers, and is then magnified by product markets.
The force of value is not a physical force, like the force of gravity. (physics envy)
It is an economic force that is created and sustained by human conventions and social interactions. 95

The Age of Big Data...Social Media - and Modular-Finance...

Dynamic/ Emergent Systems are Paired Systems

til you PAIR Modern Finance To Society - You Have Half a Story - Einstein...

Combinatory Play - Bisociation - Integrative Thinking - Design Thinking...Modular-Finance~in~Motion...

Muppet Mountain...

Modular-Finance is A Game of Three Dimensional Chess......

as Einstein said ...you learn from the past....

Modern Finance assumes (stationarity)  the next  level will be like the last....- that is wrong

The world has changed and the Game has Changed - The ModularWorld is Digital - Mobile & Global - Liquid instead of Solid... ...liquid modernity has replaced solid modernity ....the Game is Mush Faster - Abrupt Change can Happen Quickly...Are You Ready...Five Year Cycles vs Fifty Year Cycles...Disruption is The Name of The Game ...

The Goal of Modular-Finance is to Profit from Obliquity...

Where the puck is going....

The World is Modular...

Digital - Global -  Mobile - The Age of Liquid Modernity...Systems Thinking...Context Matters...It's the transmission mechanism Stupid!!!

Strategic Thinking in The World of Finance - A Comedy or a Tragedy ???

Equilibrium Theory is the death bed of thermodynamics...

The Adaptive Model in Play:

To Cope with More Volatile Markets, Take a Lesson from Football Managers | Enterprising Investor

The Not-So-Big Picture on Financial Models

The Not-So-Big Picture on Financial Models: I’m a big fan of Barry Ritholtz’s, but one of his recent columns on the P/E model overlooks an important fact about corporate earnings.

Investors Hiring: Mathematicians and Artists Need Apply

Investors Hiring: Mathematicians and Artists Need Apply: One thing that the most-emulated institutional investors have in common: a commitment to innovation and new perspectives.

Economist Lars Peter Hansen Finds Fault with Economic Models

Economist Lars Peter Hansen Finds Fault with Economic Models: At a recent New York talk, University of Chicago economist and Nobel laureate Lars Peter Hansen called for policymakers to consider the unknown.

Bridgewater’s Ray Dalio Explains the Power of Not Knowing

Bridgewater’s Ray Dalio Explains the Power of Not Knowing: Raymond Dalio reveals how Bridgewater became the world’s largest hedge fund firm by focusing not on what its people know but on how they deal with what they don’t know.

Hedge Fund Manager John Burbank’s Investment Alchemy

Hedge Fund Manager John Burbank’s Investment Alchemy: The head of San Francisco–based hedge fund firm Passport Capital has figured out how to turn risk management into an alpha strategy.

Is Finance a Noble Profession? A Summary of the Online Forum | Enterprising Investor

Is Finance a Noble Profession? A Summary of the Online Forum | Enterprising Investor

The Top Five Accounting Mistakes Analysts Make | Enterprising Investor

The Top Five Accounting Mistakes Analysts Make | Enterprising Investor

The Great Divide over Market Efficiency

The Great Divide over Market Efficiency

Start-ups Estimize and Kensho Take Aim at Bloomberg

Start-ups Estimize and Kensho Take Aim at Bloomberg: Ambitious, young entrepreneurs like Leigh Drogen and Daniel Nadler are looking to revolutionize the way financial research is done.

Modular-Finance - Taking The Game to The Next Level...

Mathematicians, Artists, Stewards and Statesmen need Apply...

Simplifying Equity Markets Starts with Investors

Simplifying Equity Markets Starts with Investors: Equity markets have become unduly complicated and riddled with conflicts of interest, but institutional investors have the power to help change them.

Complexity, Modularity and Finance - Modular-Finance-in-Motion™

What Modulatity Does: 89*****

The concept of modularity spans an important set of principles in design theory: design rules, independent task blocks, clean interfaces, nested hierarchies, and the separation of hidden and visible information. Taken as a whole, these principles provide the means for human beings to divide up the knowledge and the specific tasks involved in complex design or constructing a complex artifact.

1- Modularity increases the range of "manageable" complexity.

2- Modularity allows different parts of a large design to be worked on concurrently.

2- Modularity accommodates uncertainty.**

Make things as simple possible, but not simpler ~ Albert Einstein

The  Goal of  Modular-Finance is to Make Complexity as Simple as possible but not Simpler.

For human beings, the only way to manage a complex system or solve a complex problem is to break it up. In the breaking apart, it is best to look for points of natural division, dividing the " idea...at the joints, as nature directs, not breaking any limb in half as a bad carver might"

Once the system or problem has been divided in this fashion, one can hide the complexity of each part behind an abstraction and an interface. The time to begin the process of breaking apart the system is when the complexity of the whole threatens to overwhelm progress toward the goal.

But how is it possible to "break apart" a complex system, without destroying it? How does one find the tightly connected modules in a welter of interdependencies? And how can the modules be separated from one another? Modular-Finance seeks to explain how individuals with knowledge can split apart a large design and task structure. 

HAT Tip ~ Design Rules, The Power of Modularity

On WALL Street - Complexity is the new opacity...Simplifying Complexity is now a required.... and That is the goal of Modular-Finance....

Personal Value vs. Market Value

"Designers try new designs because they believe they will gain some advantage - some value - from a new artifact. The ability to visualize alternate states of the world and to seek more advantages ones is a universal human characteristic. But the nature of the advantage sought depends on the type of economy in which the designer dwells."

The Role of Markets In Modular-Finance

"In economies that lack markets, individual calculations of value are necessarily imprecise, and exchanges of goods and services are generally inefficient Markets offer two important benefits. First, they centralize and simplify trade, thereby reducing the cost of exchange, and increasing the rewards to the designers of new artifacts. Second, they give designers a valuation technology, that is, an easier way to calculate the values that others will place on a new design for an artifact."

The Complexity Conspiracy...

This is great, via @ritholtz pic.twitter.com/tdy4pvvK8H
— Downtown Josh Brown (@ReformedBroker) April 13, 2015

Capitalism 4.1 -

Age of Liquid Modernity
Capitalism 4.1

New Tools (the way you think is a Tool) Tools for thinking

The Truth - Higher Ground - Lies up Mountain #2

The Future of Finance is on Mountain #2...

To Climb this mountain will require a New tool kit.....of StreetSmarts, Worldy Wisdom and Integrative Thinking...


Many of these ideas are being sprinkled on top to give it a new look but it's still the same flavor...

The Opportunity lies in Innovation (scaleable Learning) not Scalable Efficiency

do you want a cheaper car or a better car....

The Current Disruptive Innovation in Wealth management ...

is simply moving from ripping people off to building a more "honest" system... We did this 20 Years Ago...


it hasn't even begun to evolve to the next level...

You can use technology to repackage old ideas ...or...

....you can use it to bring news ideas &  possibilities to Life...We have chosen to do the Later...

The ModularWorld & Modular-Finance ....

...is based on the notion that the future is on Mountain #2....

Modular-Finance in Motion™

Drawing from Ideas in Academia and Institutional Investing,  Modular-Finance seeks to reconnect Finance and Society........

When you are too Dumb to Compete ....your strategy should be ...

...get too Big Too Fail....

Scale is not the Answer

Modular-Finance requires a Level of Both Scale and Flexibility the Size Alone is A Problem...Our Goal is To outmaneuver the competition...to be smarter & connect the dots faster...

Insurance Financial Planning

OInce you Stop Using Financial Planning to Sell Insurance Products and use it To help People make better Life Decisions You get Something Different

The Purpose of The ModularWorld is to Provide Context - Context Matters

Ice - Water - Vapor

In The World of Finance - The Industry needs to be Redefined if it is to Serve the needs of Society...

The ModularWorld...... (and the Genome)

The World we Live in - defined by Liquid Modernity (Philosophy) - Flow and Change - Globalization - The digital Age - And an Interconnected World - Capitalism ( Political Science) Fukayama - John Seely Brown - Wikinomics - Antifragility - etc

Modularity - The Design Principle of Adaptive Systems...

Investment Uncertainty Is Not Going Away: Understanding Complex Systems Help | Ent Investor http://t.co/FdKLxkKU9r via @CFAInstitute
— MainandWall™ (@MainandWall) March 24, 2015

Modular-Finance™

Liquid Modernity - Complexity Economics - Capitalism 4.1

A Lattice Work Approach To Investing for Institutional and Private Investors...

A Theory of Theories

Official Language of Modern Finance - Double Talk Financial Gibberish...