From The Austrians and the Swan: Birds of a Different Feather by Mark Spitznagel: To the Austrians, the [economic] process is decidedly non-random, but operates (though in a non-deterministic way, of course) under the incentives of entrepreneurial “error-correction” in the economy. In a never ending series of steps, entrepreneurs homeostatically correct natural market “maladjustments” (as… Continue reading The Austrians and the Swan: Birds of a Different Feather by Mark Spitznagel
The Big Short book reads like a behind the scenes telling of the movie (Steve Carroll was awesome). It still seems too fantastic to be true. Lewis captured a kind of “fantastical” element in his retelling of… a financial story. So that’s pretty impressive. Below are my Kindle notes and highlights, exported with Bookcision.
From a report by BBVA Compass:
“To succeed in this new hyperconnected and competitive environment, banks will have to follow a customer-centric approach and offer simple, user-friendly and effective products, with a high level of transparency and security,” chief economist Nathaniel Karp writes.
The report and article goes on to discuss crowdfunding.
Tangential thought: Why haven’t individual college students tried crowdsourcing their tuition yet?