Staying in Tune With Evolution... ATBPO.....

MFiM...

Modular-Finance is a concept that draws from Complex Systems Theory...A Blend of  Physics * Life Sciences & Social Sciences.... because the Biggest Breakthrough in Economics Came From The Social Sciences!!!! - Psychology -

The ModularWorld @MainandWall

A Corporate Architecture To Deliver the Benefits of Modular-Finance Theory.....

A Platform design That Utilizes Integrative Thinking Accross Multiple Domains To ...

Find Innovative Solutions to Complex Problems...

Modular-Finance & MFiM vs Modular Financial Services

The & is Key to Modular-Finance... Complexity is not either or but &.... Some combination/blend of Both!

Modular-Finance & Design Thinking,,, Perfect Together!

Modular-Finance Theory...

A Concept that blends Quantitative Finance with The Life (biology) and Social Sciences....that together produce a discipline that is different from each independently... A formal approach and Framework developed by the MAIN & WALL Financial Corporation... Utilizing The Theory of Complex Systems..

Introduction to Complex Systems- The Whole is Different Than the Sum of the Parts

1.1  Physics, biology, or social science?

The science of complex systems is not an offspring of physics, biology, or the social sciences, but a unique mix of all three. Before we discuss what the science of complex systems is or is not, we focus on the sciences from which it has emerged. By recalling what physics, biology, and the social sciences are, we will develop an intuitive feel for complex systems and how this science differs from other disciplines. This chapter thus aims to show that the science of complex systems combines physics, biology, and the social sciences in a unique blend that is a new discipline in its own right. The chapter will also clarify the structure of the book.

Modular-Finance is Complex Systems Theory Applied to the World of Finance...

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

Complexity, Simplicity & Modularity...

"For human beings, the only way to manage a complex system 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."

Saturday ~ Noverber 24, 2018

Perhaps the most valuable result of all education is the ability to make yourself do the thing you have to do, when it ought to be done, whether you like it or not. It is the first lesson that ought to be learned.

(Thomas H. Huxley, 1825 - 1895)

Herbert Simon & The Architecture of Complexity....

Occam's razor...

Occam's razor is the problem-solving principle that the simplest solution tends to be the correct one. When presented with competing hypotheses to solve a problem, one should select the solution with the fewest assumptions.

Simplicity, Complexity & Modularity...

Make everything as simple as possible, but no simpler...

~ Albert Einstein

The End of (Modern Finance) Theory...

During a visit to the London School of Economics as the 2008 financial crisis was reaching its climax, Queen Elizabeth asked the question that no doubt was on the minds of many of her subjects: "Why did nobody see it coming?" The response, at least by the university of Chicago economist Robert Lucas, was blunt: Economics could not give useful service for the 2008 crisis because economic theory has established that it cannot predict such crisis. As John Kay writes, "Faced with such a response, a wise sovereign will seek counsel elsewhere." And so might we all.*

*Hat Tip ~ Richard Bookstaber, The End of Theory

The World is Changing and requires New Thinking....

At MAIN & WALL ~  We Have Taken Up The Challenge... Welcome to he Modular-World @MAIN & WALL ~ The Realm of Adaptive Systems & Modular-Finance  Animal Spirits at Work ~ Orgel's Rules in Play,,,

MAIN & WALL U School for Design, Systems & Integrative Thinking

The Goal of Modular-Finance...

Complexity, Simplicity and Modularity….

The Goal of Modular-Finance is to Simplify Complexity...
Economies, Financial Markets … These are Complex Systems... We need a Better understanding as to the true nature of these systems.... Look deep into nature.....



First.....To gain a better understanding as to the nature of these Systems....Complex Adaptive Systems...

Based on Biology not Physics and thus more complicated than Rocket Science... in Fact Rocket Science is a subset/module of Modular-Finance Theory...

 Complexity and the financial system...The Architecture of Complexity...  Simplicity, Complexity, and Modularity… Stationarity and Valuation.... Complexity Economics and Adaptive Markets... Stationarity and Evolution... Rational Expectations vs Behavioral Finance... Stakeholder Theory vs Shareholder Value... Adaptive Markets vs Efficient markets... Competition Science...

Indeed the World is More Complex... Alan Greenspan...

Queen Elizabeth...

* Complexity Economics
* Adaptive Markets
* Behavioral Finance
* Competition Science
* Capitalism 4.1
* Design & Systems Thinking


A Concept and platform developed by MAIN & WALL Financial …

 A Concept, Design, and Corporate Architecture that utilizes and integrates 7 Modules...

* MAIN Street
* WALL Street
* Pennsylvania Ave
* MAIN & WALL U
* MAIN & WALL Tv
* The FluxVille Times
* The Modular-World

A Template To Capture and integrate Advancing Knowledge and Ideas and Evolve...

Capitalism without Competition is Not Dynamic Capitalism...

The Architecture of Complexity:

Modularity, Complexity and Simplicity...… 
Simon argued that systems structured in this way possess a basic, competitive simplicity...

Modularity is he design Principle of Complex Adaptive Systems...…. thus the Key/tool to Simplify Compexity…

Modular-Finance is the study of Complex Adaptive Systems, and gets its name from the design principle of these systems.... Modular....and once you move from modern to Modular... you are climbing a different mountain.... Modular Mountain...

In this case the free market isn't working... in this case... we are going to need some regulation...

~Tim Cook talking about facebook

and make no mistake …. this is not what is taught in business school ,,, and not what your financial Planner was taught... this is an alternative next generation platform....

Modular-Finance...

Modular-Finance works with Systems where the whole is greater than the sum of the parts. Units/Modules are both independent and interdependent.

MFiM...

To the extent that globalization requires the construction of more complex organizations and networks, it could also drive increased intangible investment directly.

MFiM...

A game of integrative thinking and combinatory across multiple domains to find innovative solutions and deliver alpha...

MFiM ~ Capitalism without Capital - Living in The Intangible World

MFiM...

Bill Parcells and the Need for Friction vs Kumbaya... An essential ingredient...

MFiM...

There isn't a single story or Model... Modular-Finance and multiple modalities...

Taking up the Challenge...

A number of Firms doing outatanding work to Make WALL Street a Better Place... Among Them...The Challenge,,,
Fixing the Losers game & Don Putnam New Models Wanted...

MF by itself is worthless... Thats why we created MW 4.0 to Put it in Play... MFiM...

MFiM...

Took 30yrs to get here... Had to have blind faith in Orgel's rules and the macaewr Principle .... That something would turn up... and Steven Pinker... Our better Angels...

MW/AMFM

Everybody has a Plan.... until they get punched in the Nose.... It's not Real until you step into the MATRIX / Ring and become part of it.... Your element changes the Mix... makes it unique to You....

MFiM...

Charlie Mungers Worldy Wisdom,,, Maria Popova's Brain Pickings, Ray Dalio's Principles, Steven Pinker's Enlightenment Now, Ed Hess's New Smarts, Andrew Lo's Adaptive Markets...Claus's The forth Industrial Revolution, Anatole Kaletsky's Capitalism 4.0...


The Get these Ideas to "MAIN Street" because of the Lag We need to disintermediate them...That's Why Wall Street/ MW 2.0 did not Work...

From Modern to Modular...

This Shift is already underway.... but most of the public is unaware that this is taking place... Behavioral Economics... replacing Classical Thinking... adaptive Markets vs Efficient Markets... etc...

Our work is to bring this to the Surface...

MAIN & WALL - The Yin & Yang in the World of Finance...

Concepts in Modular-Finance...

* The Whole is Greater than the Sum of the Parts...

* Orgel's Rules...

* Content Matters... It's the Environment Stupid...

Modular-Finance 101....

All Models are Wrong... but some are useful...the mistake is in believing it represents reality.... The Map and the Territory...

In Architecture and Design...... Form follows Function....

In Modular-Finance, Form follows Purpose .....Stakeholder Value vs The Mayo Model... Private vs Publicly Held....

MFiM...

Modular-Finance is a game of combinatory Play across multiple domains to solve simple and wicked problems to benefit Society and make the world a better place...

From Modern to Modular...

In The ModulrWorld, The Realm of Adaptive Systems & Modular-Finance, we replaced Rational Expectations with Behavioral Finance, Efficient Markets with Adaptive Markets, Shareholder Value with Design Thinking, NeoClassical Economics with Complexity Economics and Physics with Biology.....MFiM... Modular-Finance~in~Motion...ATBPO...

The Result will have a profound impact on Investing...

Modularity and The Watchmaker...

MW/ Global Macro ~ MFiM... Modular-Finance~in~Motion...

Brexit, tariffs, currency meltdowns in Argentina and Turkey, a China growth scare, and a financial near-implosion in Italy - to name just a few...

The Fox and The Hedgehog

Multiple Mental Models... The Wisdom of Finance... The last liberal Art...
Adaptive markets... John Kay... New Smarts... Machine Ade ... Fourth Industrial revolution... Emergence...

MFiM ~ Context Matters... The Fourth Industrial Revolution...

The Current Environment is an Evolutionary Phase Characterized by "The Fourth Industrial Revolution"...

MFiM

Systems /(Plans) that can ADAPT...

problem with Structured Products and Projections...

Modular-Finance Theory

The Theory holds that the future of Finance, Democracy, and Capitalism is a trek up Hill Number Two...

It is not a universal Theory, but a Theory of Theories.... finding new answers will require Innovative and integrating Thinking to solve wicked problems....Failure to understand the Evolving landscape will Lead down dead Ends...ie Wealthfront

Modular-Finance - Radical Transparency and Asymmetrical Information...

The Question is what is behind / Left out / hidden / Modules... Not everyone is working with the same information.... ( Fake News and Mis - information ) Also Exist... And Lo fifth order Thinking

Physics Envy / Theory Envy

Design Thinking and The Adaptive Market Hypothesis...

Design Thinking is Innovation at the Speed of Thought...

MFiM...

I would rather be approximately right, than precisely wrong...AMH

MFiM...

We know that human behavior, both the rational and the seemingly irrational, is produced by multiple interacting components in the human brain, and now we have a deeper understanding of how those components work.

John Maynard Keynes... When the facts change... I change my Thinking.. What do you do Sir?

Our ability to learn from experience and to adapt one's behavior in light of new circumstances is one of the most powerful traits of Homo sapiens and the main mechanism that can transform us over time and through experience into Homo economicus, at least while the environment is stable.

SIMON SAYS: Satisfice!

The Theory of Bounded Rationality...

Science advances one funeral at a time... MAX Planck

Understanding Emergence and Reflexivity....

It takes two to TANGO.... and the right Combination is Key....

Finance has a role to play... and YES Virginia.... You CAN work in Finance and be Harvey Lodish!...

Understanding the Decision Maker at a Deeper Level...(87)

"Over the last decade, in response to the empirical shortcomings of neoclassical economics and the theoriyical boundaries of prospect theory ( and related approaches ), an intellectual revolution emerged in our understanding of the biological bases of human and animal decision making. It is hard to underestimate the scale of this revolution. In 1992, for example, at the annual; meeting of .....

MFiM... ReThink... Context Matters...

Modular-Finance... A MultiVerse Construct...

"There isn't a single story. The way we understand economics and economies is by learning from lots of sources and thinking about them in a lot of different ways."

"You can't understand how the financial crisis came about without understanding the politics of the relationship between the financial sector and government and the anthropology of the culture of these organizations, or indeed without appreciating yhe history of bubbles and financial crisis."

Hat tip ~ John Kay, British Economist, Economics in the Real World

Homo Sapiens vs Homo economicus

"It took millions of years for man's instincts to develop I will take millions more for them to even vary. It is fashionable to even vary. It is fashionable to talk about changing man. A communicator must be concerned with unchanging man. 

Evolution at the Speed of Thought...

The evolution of ideas, accomplished at the speed of thought, is at the heart of what separates us from other species and allows us to dominate our world.

Modular-Finance... Connecting the Dots... and Combinatory Play...

As Maria Popova puts it... "Inorder for us to truly create and contribute to the world, we have to be able to connect countless dots, to cross pollinate ideas from a wealth of disiplines, to combine and recombine these pieces and build new castles." This understanding of creativity as connection and recombination makes the blank piece of paper not only unhelpful but actually counterproductive. So, ditch it.

Hierarcharies & Networks...

Complexity, Evolution, Emergence & Modularity... ATBPO