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*“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.

Finance

• Investing in the Upside Down: Logica’s Michael Green Describes Why Passive Flows Corrupt Market Structure and How to Profit [Video]

  • 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

• What is going on? [Forum]

  • 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

  Blockchain

• DAOs, the next big thing after social media [Article]

  • 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

  Technology

• OpenAI’s Text Generator Is Going Commercial [Article]

  • Recap: The research institute was created to steer AI away from harmful uses. Now it’s competing with tech giants to sell a cloud-computing service to businesses

  • Comment: The power *of language models is growing… *fast**

  CrowdCent *Thoughts & Predictions*

• New section on the site + tracker coming soon

  Enjoy the weekend!

  Best,

  Jason & Ryan

  Website: CrowdCent

  Twitter: @CrowdCent

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