Friday, March 18, 2011

Everyone is Wrong

It's not posible to Know Everything - The Market reflects the Prevailing Bias - Things Don't Matter til They Matter - Then they Have to Adjust - and the Band Plays on....

The Next Frontier

Modern Finance is Efficient at the Micro Level, but inefficient at the Macro Level

This is the Next Frontier

Sophisticated Stationary Thinking - The Age of the PC and Math - and MPC - Craps

Sophisticated Dynamic Thinking - Incorporates Advancing Knowledge........Like Poker

Tuesday, March 8, 2011

A Dynamic System requires Triple Bottom Line accounting to Manage Effectively

So does a ficuciary model

At the current pace of financial Evolution most will not see this in their lifetime

A dynamic that is created because it is bonded by unity of purpose vs tethered by need and incentives

Unity of Purpose

and a dynamic system to achieve

MPT Has unity of purpose - But is exists in a vacuum

Tethered Capital,Bonded Relationships,Property Rights, Statesmanship - and Stewardship

The NEED and ROLE of Capital -

The Use and Abuse

The Origin of Wealth - The Creation of Capital
The Allocation of Capital - The Use and Abuse of Capital

The MAIN & WALL Manifesto


vs rulers and  bankers  political and financial fiduciaries and the captains of each squad

Not Dictators and Bankers - who roles are nebulous ill defined - and often autocratic and self serving

A Jeffersonian Approach - To Dynamic Capitalism

This is invisible force that drives the invisible man and determines the work of his invisible hand

Statesmanship - Was to be viewed as a Noble Endeavor not a financially rewarding occupation
Srewardship -  A fiduciary responsibility not a licence to catitalize on ignorance

There are other productive roles for this purpose

When these roles are confused the system loses its dynamism