"An understanding of the forces driving change is crucial to comprehending the opportunities and the risks that change creates. But in our search for understanding, we must be prepared to dig deep, for the forces that matter are rooted in the very nature of things, and in the processes used to create them. What we see around us is not the result of some deus ex machina working outside of our influence or control. Human beings, working as individuals and in groups, create the new technologies, the new forms of organization, the new products and markets. To be sure, the consequences of their actions are not always intended or even anticipated. But the" things" themselves - the tangible objects, the devices, the software programs, the production processes, the contracts, the firms and markets - are the fruit of purposeful action. They are "designed."
Hat tip ~ Design Rules - The Power of Modularity, Carliss Y. Baldwin & Kim B. Clark
Saturday, May 23, 2020
Friday, May 15, 2020
Physics Envy and Ceteris Paribus.....
The Prize goes to those that can imagine a Future Different from the past...
Saturday, May 2, 2020
Saturday ~ May 2, 2020
To live content with small means;
To seek elegance rather than luxury,
and refinement rather than fashion;
To be worthy, not respectable, and wealthy, not rich,
To study hard, think quietly, talk gently, act frankly;
To listen to stars and birds,
to babes and sages, with open heart;
To bear all cheerfully, do all bravely,
Await occasions, hurry never.
To let the spiritual, unbidden and unconscious,
grow up through the common.
This is to be my symphony.
(William Henry Channing, 1810 - 1884)
To seek elegance rather than luxury,
and refinement rather than fashion;
To be worthy, not respectable, and wealthy, not rich,
To study hard, think quietly, talk gently, act frankly;
To listen to stars and birds,
to babes and sages, with open heart;
To bear all cheerfully, do all bravely,
Await occasions, hurry never.
To let the spiritual, unbidden and unconscious,
grow up through the common.
This is to be my symphony.
(William Henry Channing, 1810 - 1884)
Friday, April 17, 2020
MPT assumes that there are no structural Changes...
"Nothing changes so you just punch in the data and you optimize A robot can compute Markowitz. That's what consultants have been doing for 40 years, optimizing for the correct portfolio. But tht's wrong, Brock says. Instead, you need to constantly change the portfolio to keep it in lone with the structural changes going on in the world.
Tuesday, April 7, 2020
The Times Are Changing...
Whatever it is, coronavirus has made the mighty kneel and brought the world to a halt like nothing else could. Our minds are still racing back and forth, longing for a return to "normality" , trying to stitch our future to our past and refusing to acknowledge the rupture. But the rupture exists. And in the midst of this terrible despair, it offers us a chance to rethink the doomsday machine we have built for our selves. Nothing could be worse than a return to normality. Historically, pandemics have forced humans to break with the past .....
Tuesday ~ April 7, 2010
Before you know what kindness really is
you must lose things,
feel the future dissolve in a moment
like salt in a weakened broth.
What you held in your hand,
what you counted and carefully saved,
all this must go so you know
how desolate the landscape can be
between the regions of kindness.
(Naomi Shihab Nye, b. 1952)
you must lose things,
feel the future dissolve in a moment
like salt in a weakened broth.
What you held in your hand,
what you counted and carefully saved,
all this must go so you know
how desolate the landscape can be
between the regions of kindness.
(Naomi Shihab Nye, b. 1952)
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