|
||||||
|
What if our current economic crisis was not just caused by poorly designed financial markets, but by a lack of growth driving innovation? what if the conventional wisdom is wrong? What if outside of a few high-profile areas, the past decade has seen far too few commercial innovations that can transform lives and move the [...] The Fat Tail’s central argument is that businesses rarely forecast and prepare for political risks as well as they do economic ones, which is a mistake because most political risks can be found in the “Fat Tail” of probability charts, where unlikely but high impact events reside. The first chapters make the case for [...] In the aftermath of the financial crisis, the focus has been on better accounting for risk, better matching employee pay with the long term value they generate, and creating new regulations to “fix” the markets. Arguably, better matching pay with value created is ideal, but it is also difficult to measure, which is why we [...] Nation’s Girlfriends Unveil New Economic Plan: ‘Let’s Move In Together’ A great overview of the promises and challenges presented by smart grid technology. From an article comparing what Obama has done to what McCain might have done, an insightful (and factual rather than speculative gem): The dirty little secret that many people don’t realize is that monetary policy, not fiscal policy, has been much more aggressive in addressing the current crisis. In fact, trillions of dollars more aggressive. [...] A financial adviser on selling during a market decline: “They know that in hindsight, it wasn’t the best thing to do,” Mr. Hail said. “But it was what they had to do emotionally. Math and the mind don’t always add up.” via Many Bought Shares High, Sold Low – WSJ.com. Alternatively: [...] In evolutionary biology, punctuated equilibrium is the theory that evolution takes place through extremely small changes over a species history (equilibrium) but that occasionally, extremely significant and localized jumps occur rapidly (say in the span of a few generations). I think that this is a good model to explain cultural change over the course of [...] Next time you are playing monopoly and your opponent snaps up too many properties, get the justice department to step in. Assistant Attorney General for Antitrust Christine Varney claims that the Justice Department can aid economic recovery by prosecuting businesses that have been successful in gaining large market shares. In her announcement last month she [...] Witness the birth of Google, the business giant: Veach and Kamangar argued that all the ad slots should be auctioned off. In search, Google had already used scale, power, and clever algorithms to change the way people accessed information. By turning over its sales process entirely to an auction-based system, the company could similarly upend [...] |
||||||
|
Copyright © 2012 Joel E Lewis - All Rights Reserved |
||||||
