Monday, January 18, 2016
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.....
Saturday, January 16, 2016
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 ).
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 ).
Wednesday, January 13, 2016
~ 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
Hat tip ~ Anatole Kaletsky, CAPITALISM 4.0
Tuesday, January 5, 2016
Good Bank / Bad Bank... MFiM™ ~ Modular-Finance~in~Motion...
Citi Group / Citi Holdings
Good Bank / Bad Bank
Good Bank / Bad Bank
Friday, January 1, 2016
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
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