Breath is life, and the intermingling of breaths is the purpose of good living. This is, in essence, the great principle on which all productive living must rest, for relationships among all the beings of the universe must be fulfilled; in this way, each individual life may also be fulfilled.
( Paula Gunn Allen, 1939 - 208 )
Change is the Only Constant...Democracy and Capitalism are being re-examined... The SMA is Upon Us... Disruptive Innovation is the name of the game.... Capitalism 4.1 and The Fourth Industrial Revolution Frame the Game...Complexity Economics and Modular-Finance define it... READ ALL ABOUT IT!... in The FluxVilleTimes... MFiM... Modular-Finance~in~Motion... A publication of MAIN & WALL™ Media Group, LLC.
Tuesday, March 24, 2020
The Fatal Flaw of Modern Finance Theory ~ Ceterus Paribus
Stationarity
Sunday, March 22, 2020
"Art's institutional soul is in a state of flux"...
Two of this country's largest and oldest museums - the Metropolitan of Art in New York and the Museum of Fine Arts in Boston - Turn 150 this year. And with both now shut down by the coronavirus pandemic, this is a good moment for them, and other big, traditionalist institutions in Baltimore, Chicago, Los Angeles and elsewhere, to take stock and refocus. Art's institutional soul is in a state of flux. Years of turbulence, with demands for inclusiveness and truth-telling, have put the "encyclopedic" museum on the hot seat. Our critic delivers a five-point plan for how they might redefine their roles, rewrite their histories and thrive for the next 150 years.
NYT ~ Arts & Leisure, Sunday, March 22, 2020
NYT ~ Arts & Leisure, Sunday, March 22, 2020
Thursday, February 27, 2020
The Power of Flux:
"Some of this is caused by flux: everything is in a state of change, and that is difficult to understand, keep up with, to contextualize based upon your historical frame of reference. There is a lack of consensus about, well, everything these days: Economics, Markets, Technology, Politics, etc. This frightens people, sending them to cling onto comfortable myths.
But the world is not black and white, and reality is far more complex and nuanced than you get from much of the media or pundits or political candidates or elected officials.
Hat tip ~ Barry Ritholtz ~ The Big Picture
But the world is not black and white, and reality is far more complex and nuanced than you get from much of the media or pundits or political candidates or elected officials.
Hat tip ~ Barry Ritholtz ~ The Big Picture
Wednesday, March 6, 2019
The FluxVille Times and Complexity Economics
It's understanding that the economic world, like parts of the physical world, is described by non-linear dynamic systems in which outcomes are heavily influenced by quite small changes in initial conditions. So there is no equilibrium, but just constant evolution and change. The whole mathematics of complexity, which has mushroomed over the last 20 years, has been about understanding the development of these types of systems.
Saturday, August 18, 2018
MFiM...
Being Locked into a Single View is fatal in an economy where reversion to the mean and competition constantly dismantles old strategies.
"People talk about traits that make good investors and business leaders. They're usually skills that push you in the same direction: Intelligence and patience, creativity and ingenuity, leadership and charisma. But lasting results often requires traits that are polar opposite to each other, like unwavering conviction and the ability to move on from an idea when its time is up. "Strong beliefs, weakly held," the saying goes. Easier said than done.
Hat tip ~ Morgan Housel, The Trajectory of Great Ideas
"People talk about traits that make good investors and business leaders. They're usually skills that push you in the same direction: Intelligence and patience, creativity and ingenuity, leadership and charisma. But lasting results often requires traits that are polar opposite to each other, like unwavering conviction and the ability to move on from an idea when its time is up. "Strong beliefs, weakly held," the saying goes. Easier said than done.
Hat tip ~ Morgan Housel, The Trajectory of Great Ideas
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