MFiM... A Zeitgeist is a Zeitgeist... and the band plays on...

MW / Global Macro...

A Game of Three Dimension Chess... MFiM™... Modular-Finance~in~Motion...

ReWriting The Rules in The 21st Century...

MFiM...Modular-Finance~in~Motion...

or sit around and wait twenty years ...

Modular-Finance is a Game of Combinatory Play...

and if you have the wrong foundation you will reach a dead end and have to climb back down.... the combinations lead to the next and the next and so on....successful combinations - pairings take you to the next level...and so on ...

Our term for this is Modular-Finance™

Modular vs. Modern...Twin Peaks

Change vs Stationary....
Requires  - Multiple Models  - both mental and algorithmic and Context Matters...


Why History is Important:
Understanding the Current Environment and the right data set. Context Matters

We call this focus on Complex Adaptive Systems - Modular-Finance™ - Modularity being the design principle of these Systems....We hace already made the move to hill #2

Modularity is how YOU Move Forward - How You make "IT" yours...

Be Quick but don't Hurry -

Sometimes you must slow down to go Faster...

Modular-Finance - Fintech & Design Thinking - Perfect Together

When doing Good is Good for Business...Economics, Business & Finance

MFiM.. When doing Good is Good for Business... Modular-Finance~in~Motion™...

Design Thinking / Stakeholder Theory...

MFiM™... - Finance and The Good Society - Modular-Finance~in~Motion™...

When doing Good is Good for Business...Design Thinking Applied to the World of Economics,  Business & Finance...

The ModularWorld is a MultiSpeed World....

The Greatest Change is The Rate of Change..... Exploitation ALONE IS A SHORT SHELF LIFE....tODAY REQUIRES A DUAL STRATEGY OF EXPLOITATION AND WXPLORATION....AND VALUE ADDED....





Factor Investing and Context is Modular-Finance...this gives us a process to select modules beyond past performance ...

The Five Pillars of Modular-Finance Theory...The Foundation of Modular-Finance is Complexity Economics....Evolution Theory and Emergence...

!- Complexity Economics
2- Evolution Theory
3- Worldly Wisdom
4- Stakeholder Theory
5- Design Thinking

Wanted: A New Theory...

Economic Theory Is Dead. Here’s What Will Replace It. https://t.co/q8V8gfZXf0

— MainandWall™ (@MainandWall) April 2, 2016

Complexity Science...

Our UniverseThe universe is within us.
Posted by Hashem Al-Ghaili on Saturday, November 7, 2015

Empiricism....without Theory - is process without Purpose/straregy...last man theory by default...

Empiricism and PURPOSE is The Nature if Adaptive Systems...Churchill

The Universal Bank Model is a Model based on profit first and purpose second

Obliquity...is the second derivative...Business .Models structured this way will eventually fail because they can't evolve competitively...organically...because they are not connected to their customers evolving needs...they require support and /or become dinosaurs...just look Auto industry in 1980's look at at Slothosarus Rex's today...

MFiM...MF3D

A system developed by MW that integrates Knowledge across multiple domain and time frames...

The future requires an adaptive model...the Modules are a function of and determined by purpose...it is in change that things find purpose...Heraclitus... the purpose and the system is greater than the sum of the parts.....

MF3D™... A Game of Three-Dimensional Chess...

The Operating System of MFiM...

MFiM is not a Fintech App looking for a Liquid Moment...

Antifragility...The Power of Modularity & The World of Finance...MFiM™...Modular-Finance in Motion...

The Unifying Theme to Modular-Finance is Evolution Theory and Emergence...

Empirical Evidence is  Not the Whole Story...There are Hidden Elements ( modules) in these Systems that can take them in a completely different direction...Context Matters...

Evonomics

Is a rEvolution in economics underway? https://t.co/C6bFAg2sB3 @Noahpinion @MarkThoma @JustinWolfers @rodrikdani @David_S_Wilson

— Evonomics (@EvonomicsMag) March 16, 2016

evonomics

The Myth of Maximizing Shareholder Value https://t.co/k1HwD0bxRL @stevedenning @NickHanauer @rorysutherland @rooseveltinst @CornellLaw

— Evonomics (@EvonomicsMag) March 16, 2016

Economic Theory Is Dead. Here's What Will Replace It.

From Einstein to Darwin

Evonomics
By David Sloan Wilson

Everyone seems to agree that the economics profession had a near death experience in 2008 and either needs to be or has been reborn in a different incarnation, The most optimistic assessments claim that a revolution is already underway based on two developments; 1) A greater emphasis on empirical research; and 2) a different conception of theory.

A thoughtful essay by the economic blogger Noah Smith titled "The Death of Theory" covers the first development. According to his numbers, the proportion of theory papers in the economic literature peaked between 1973 and 1993 and has been declining ever since. He describes the behavioral economics movement as a meteor that hit "the economic dinosaurs", by which he means the neoclassical paradigm. He concludes by speculating that humanity is reaching "the end of a big Theory Wave" for all topics.Whatever can be gained by big theory has already been realized, so it only remains to dive into the data.

Introducing Modular-Finance...Twin Peaks and Plato's Cave

Modular-Finance~in~Motion™... @MainandWall - The Journey up Mountain #2

Modularity : The Architecture of Complexity

Complexity Economics - Evolution Theory - Design and Systems Thinking applied to The World of Finance..

MFiM™... Modular-Finance~in~Motion™...

A concept that utilizes Multiple modes of thinking across multiple domains to find innovative solutions to complex problems...The unifying theme is Emergence...

Modular-Finance requires a level of organizational ambidexterity that is absent in large financial institutions by the nature of their size, outdated models, culture and organizational structure...

The Federal Reserve and Plato's Allegory of the Cave...

MFiM™...Modular-Finance~in~Motion™

For those that want to Climb higher...

Street Smarts - The Purpose of Economics...

The purpose of Economics is not to acquire answers to economic questions... but to learn how to avoid being deceived by economists......

Carl Sagen's Baloney Filter...

It's All Correlation Baby!

Markets Unhinged: Bifurcated -  Evolution Theory and Modularity


1- High Yield Market
2- Emerging Marlets
3- Energy Market

Perception and Reality

My illusion is more real to me than reality. And so do we often build our world on an error, and cry out that the universe is falling to pieces, if anyone but lift a finger to replace the error by truth.

( Mary Antin, 1881 - 1949 )

Active (Smart) Beta and ETF's - Modular-Finance~in~Motion™...

Emergent Systems are neither Top down nor Bottom up....

...They are both...  Simultaneously... That is the Essence of Modular-Finance and Integrative Thinking...

"The Great Moderation" ~ A Self-Congratulatory Delusion...

Correlation vs Causation...

DISINTERMEDIATE THE FLOW OF NEW IDEAS TO THE MARKET...

https://twitter.com/MainandWall/status/690899305742385152

Modular-Finance / Design Thinking and The Search for Value...

"Human beings have an innate ability to improve artifacts by changing their designs. Value-seeing and -seeking are what ultimately cause designs - hence artifacts - to improve and to become more complex."

MFiM™...

Modular-Finance~in~Motion™... In The ModularWorld... Context Matters...

The goal of Modular-Finance is to Move Beyond The 19th Century Toolbox of "Modern Finance Theory"...

Complexity and the Art of Portfolio Management....

Using the Power of Modular-Finance to Build a Competitive Advantage in The Red Queen Race of Investment Strategy...

MFiM™...Modular-Finance~in~Motion...

Where's the BEEF & Where's the CREAM...

The Micawber principle...

The Role of Economics....

Maybe there is in human nature a deep-seated perverse pleasure in adopting and defending a wholly counterintuitive doctrine that leaves the uninitiated peasant wondering what planet he or she is on.

~ Robert Solow

Modularity/Complexity for business / Policy / Investment management / etc.

In The ModularWorld...Quants are Quaint... But StreetSmart They Ain't... Context Matters... Transdisciplinary Thinking is The Bomb......

The 21st Century is the Age of COMPLEXITY...The paradigm shift is in fullswing...Don't get let behind.....

In Modern Finance - emotion is your enemy. In Modular-Finance, emotion is one of your best friends.

Human Nature, Animal Spirits and Modular-Finance™....

The ideas we will present to you are decades in the making but fundamental in nature:

Let's start with a fundamental human problem, and I don't mean race or religion or origin. I mean fear. Fright, my young friend, may be the first serious enemy you have to face in our society. It's the most destructive emotional bogeyman there is. Cold feet, panic, depression, and violence are all symptoms of fear - when it's out of control. But this feeling, ironically, can also trigger courage, alertness, objectivity. You must learn not to try to rid yourself of this basic, human emotion but to manipulate it for your own advantage. You cannot surrender to fear, but you can use it as a kind of fuel. Once you learn to control fear - to make it work for you - it will become one of your best friends.

( Jose Torres, 1936 - 2009 ).

~ Capitalism 4.0 ~

"A third clear difference between Capitalism 4.0 and the preceding versions of the system will be an understanding that markets and governments are both imperfect and prone to error. Acknowledging this inherent fallibility will not be paralyzing, but empowering, provided the new model of capitalism encourages experimentation and proves able to adapt to unexpected events. This capacity for institutional adaptation and ideological flexibility should be one of the distinctive features of the mixed economy of Capitalism 4.0. Competitive markets operate through trial and error and quickly correct small misjudgments. In politics, democratic competition plays a similar error correcting role. But markets can magnify errors instead of correcting them when herd instinct overtakes investors - and the same thing can happen in democracies when one ideology overwhelms all political debate. In a fast-moving, interdependent, and inherently unpredictable world, skepticism, experimentation, and flexibility are crucial. Adaptability and the willingness to admit errors will become a cardinal virtue in politicians and central bankers, as well as in businesspeople and financiers, in the world of Capitalism 4.0."

Hat tip ~ Anatole Kaletsky, CAPITALISM 4.0

Cave-o-nomics

https://twitter.com/MainandWall/status/684407449672138752

Good Bank / Bad Bank... MFiM™ ~ Modular-Finance~in~Motion...

Citi Group / Citi Holdings

Good Bank / Bad Bank

The Allegory of the Cave... The Big Short... The Sell Side... and The Story of Modern Finance Theory...

Plato’s Allegory of the Cave - Alex Gendler https://t.co/gZDqwdBoff via @YouTube

— MainandWall™ (@MainandWall) January 1, 2016