(Part I of a series on the future of banking and finance) Finance’s 20th century business lines – their go-to money makers – are all in jeopardy of being destroyed. Primarily this is due to finance’s blatant disregard for its customers’ actual needs. This is the result of the industry’s traditional 40%+ profit margins that […]
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We have myopically come to believe that “survival of the fittest” is synonymous with competition and is the highest expression of our nature. Yet survival of the fittest also includes those creatures, including humans, who successfully and continuously cooperate to survive. Case in point: Lions adorn the flags of many nations as symbols of individual […]
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Look at the picture. What do you see? A manufacturing process, with no workers in sight. We humans have been replaced by robotic arms and artificial intelligence.
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In response to the Great Recession, central banks continue to engage in massive monetary stimulus to artificially depress the costs of capital. Many commentators have expressed concerns (and I concur) about the inflationary forces they believe must naturally be building up because of this stimulus. Yet, very few commentators have discussed the consequential little worm […]
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FINANCIAL ECOSYSTEM Overview The entirety of the investing ecosystem is built on a fundamental transaction: those with a surplus of capital, but a deficit of ideas, provide their capital to those with a deficit of capital, but a surplus of ideas. When those ideas are good then both the providers of, and users of, capital […]
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