Finance is what makes modern society work but it’s currently plagued by legacy weight. How do we get to the future of finance?
“There is often a fuzzy boundary between myth and history.”
Every time I get a new data set, these are the first steps I take to get that data ready for deep analytics.
Radical uncertainty is the state of not knowing what you don’t know – we all exist in that state. How do you handle that?
“By encouraging a culture in which compliance with detailed regulations is a defence…bankers and regulators have colluded in a self-defeating spiral of complexity.”
The End of Alchemy should be required reading for any serious student and practitioner of modern day banking and economics.
It is an elegant, thoughtful work of great expanse and depth that avoids blame, invites reflection, and gives valuable insight into the whys of our last financial crisis.