*“Change is the law of life. And those who look only to the past or present are certain to miss the future.” *- John F. Kennedy
Translation: Learn from the past, but focus on the future… Most “leaders” today are doing everything they can to preserve legacy systems so they can remain in power. We need forward thinking. We need change.
Recap: Video making the case for how a series of regulatory changes driven by economic and political objectives have corrupted the equilibrium and signaling mechanisms of modern markets; offers a framework for how to capitalize
Comment: Video is a bit long, but Green is worth listening to if you want to understand the evolution of the public market structure. Passive flows have dramatically changed the functioning of public markets - but there are ways to benefit
Recap: *Bankrupt *company stocks soaring, Robinhood accounts ballooning…. It’s a crazy time in the market
Comment: Conversation on recent ‘extraordinary’ market events; thoughts on the highest probability scenarios of what is going on. In the short-run, the market is a voting machine. In the long-run, the market is a weighing machine
Recap: Thanks to cryptocurrencies, we can now encode incentive systems that are transparent and harder to capture (e.g. corruption) than traditional systems. We need to experiment with introducing cryptoeconomic systems into communities
Comment: The Internet was built without payments integrated, and so was borne the misaligned incentive advertising system we have today. With blockchain / cryptocurrencies, we now have a second chance