Could fintech replace government – in planetary colonies?
Fintech replace government? This seems fanciful, right? Even delusional? But get this: in China recently, a 5-year-old girl who needed brain surgery and had to pay what for her parents was an impossible sum to get, received the surgery courtesy of millions of people who each paid 0.03 yuan per person. They thus met the medical […]
Do most leaders lack business acumen?
Uh oh, GE just warned of another year of falling profits. It recently sold off its BioPharma unit making investors feel a bit better, until they realized things were still getting worse. GE needed to do something after cutting its dividend and reporting a huge loss. Jack Welch would be turning in his grave except for the fact that […]
Why don’t risk managers worldwide use behavior as a component of financial and investment risk?
Perth Leadership Institute and its Founder, Dr. E. Ted Prince do a new take on an old issue. See the article by Katherine Heires in GARP Risk Intelligence, the News service of the Global Association of Risk Professionals.
Is free trade obsolete?
So we’ve had a little excitement about the US imposing tariffs on steel and aluminum and now we’re into a global frisson about the possibility of a global trade war. As we know, they lead to depressions, or so it is said. But here’s the question I want to ask: if a world has declining […]
Exercisers are the new 1%
So many articles about how good exercise is for you that it’s become positively nauseating. Even a confirmed curmudgeon like me can’t find anything wrong with it. Yet the CDC says that only 20% of adults actually meet their do-good exercise guidelines (both aerobic and muscle-strengthening activity). That means that 80% of Americans don’t do enough (sorry […]
Is blockchain a bubble – and compromised too?
Recently I have attended three conferences on widely divergent topics. Every one of them featured blockchain and what everyone was going to do about it and with it. It seems that the contemporary standard for demonstrating your innovativeness is showing you are into blockchain. Blockchain is, according to the banks, going to transform the financial services […]
Will quantum bitcoins be free?
Now bitcoin and other digital currencies have been cratering. Does that spell their end? Nope, not at all, maybe quite to the contrary. There’s a new game in town for crypto-currencies. It’s called quantum computing. We’re now well into a new arms race for the most powerful quantum computer. IBM has just upped the ante […]
Shouldn’t behavioral finance be a part of fintech?
Fintech is hot; as I’m sure I don’t need to remind you. I just went online to find the top 10 opportunities. Here they are. I can’t argue with any of the topics on the list. But here’s the thing. When you check them all out there’s no mention of behavioral finance. And here’s me thinking […]
Is blockchain primarily a medical breakthrough?
Now we know that blockchain is revolutionizing not just digital currencies but also accounting and increasingly other areas of finance. So blockchain is fundamentally a financial technology right? I’m not so sure. Check out my Sanctus Sanctorum, Wikipedia, and it will tell you that blockchain is a distributed ledger. As such it can give you a […]
Can behavioral economics restore Alpha?
Did you notice that Richard Thaler just received the Nobel for behavioral economics? He’s the third; the first was Daniel Kahneman in 2002, the second Robert Shiller in 2013. Hmm, it took 15 years for the second and third prize to be awarded. Is that why economics globally is in such a mess? Why we […]