Follow The Cockeyed FED......Mfim

How did you arrive at That Conclusion......

There are more than one way to get there or define it....Modular-Finance in Motiot™

Stakeholder Theory - A Theory based on Biomimicry -

You get more bees with honey than vinegar....ie attract people employees and customers.....people are attracted to ...thinking it backwards.....

A Conceptual Framework and Corporate Architecture to take you to The Next Level...

Endogenous vs Exogenous...

Bubbles and Crisis are endogenous - the are caused by "mistakes, misperceptions asymmetrical information and  business ethics", bad behavior, misconduct and their externalities and unintended consequences - in addition to bad policy decisions and perverse incentives and special interests -  This is simply part of the system We Call The Real World - The real World includes animal spirits,  is complex and Modular...and the band plays on........

In Healthy sustainable systems the good roots out the bad and the band plays on......In sick systems the bad gains the upper hand and puts the entire systems at risk and the music stops....either temporarily or terminally...

Asymmetrical Information - The Fiduciary Standard and the And the Stupidity Tax....

Academia will continue to teach Modern finance 9 EMH, Rational Expectations And CAPM) because they need to....Financially

...but this should be moved to the History department...