By Vikas Shah (Originally for AllAboutAlpha.com) Modern markets are hugely complex environments. CME Group for example, trades over 3 billion contracts (with a notional value of over U$1 quadrillion) each and every year. Alongside this, many of the world’s largest companies such as Google, Alibaba and Amazon (with market capitalisations…
“Macroeconomics has not done well in recent years…” writes Nobel Laureate Joseph E. Stiglitz, “The standard models didn’t predict the Great Recession; and even said it couldn’t happen. After the bubble burst, the models did not predict the full consequences.” In a hugely relevant recent paper titled “Reconstructing Macroeconomic Theory…
Each and every year, I have the pleasure of judging at the Rice Business Plan Competition. Tens of thousands of enterprising students from around the world compete, with a handful making it to the finals in Houston, Texas. At this incredible event, student entrepreneurs pitch to the crème-de-la-crème of global…
Money is a strange phenomenon. Our modern notion of it mean that (in essence) it is intrinsically useless apart from as a medium of exchange. Our government, regulators, law and communities agree that phenomena (whether a physical banknote or an electronic ledger such as a bank account) have certain value,…
Many of recent history’s most significant market events have manifest in what was (previously) the extreme of the market. These “bubbles” and “crashes” follow power laws, meaning that (in theory) they could reach any size and fundamentally threaten the functionality of the entire financial system. Typical central-bank and policy…
It’s quite conceivable that the grandparents (or even parents) of the future will be made to feel even more archaic as the young of that generation look at them quizzically and state “…are you serious? You used to use bits of paper as money?!” Money is a cultural abstract. It…
The perception that we learn from our mistakes is just one in a long-list of cognitive and behavioural biases that exist in the human mind. As WIRED reported in 2009, “Researchers from MIT have shown that the brain learns more after a success than a failure. This study indicates, contrary…
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You can look at building a startup much like a resource management game. In the world of startups, the things that really matter are talent and capital! If you have a large supply of talent, and a lot of capital, you'll win every time.
It's so important to be curious, and to have young people around you. These sources of inspiration can help you modify your vision, take different approaches, and make better business decisions.
People are not born homophobic – or racist or misogynist. That's learned behaviour. This is why the current bid for LGBT-inclusive education in schools is so important.
Not only are incomes being lost — a sense of community, a sense of pride, a sense of belonging has also been lost. Those things clearly matter for human wellbeing. We’re just not very good at measuring them.
The reason why I fight is that I'm fighting against the pain of seeing my family get sick and fighting against not being able to help them. That's more painful than anything. To see my kids, get sick tomorrow and not being able to help them? That's more painful than anything I would experience in a fight.
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