asterisk2a + nassim   8

Die Macht der Finanzkonzerne - Wie Blackrock mittels Geld die Welt regiert - YouTube
extraction of fat. no skin in the game. // Privatisation of housing stock - social and affordable, anglo saxon capitalism style; profit maximisation, dividends. // after Goldman Sachs the new vampiresquid // no skin in game; get money for speculation from pension funds, other investors, mutual funds. << that is the system! // nur wer geld hat, kann es vermehren. // nearly no governance, no guidelines regarding sustainability, ethics, transparency, morals. // no regulation = big profit and exploitation, corruption, bribery.
BlackRock  MBO  LBO  M&A  Private  Equity  financial  product  Hedge  Fund  Black  Swan  blackswan  Nassim  Taleb  self-regulation  Mutual  Fund  Venture  Capital  risk  governance  corporate  governance  lobbyist  lobby  Lobbying  Wall  Street  shareholder  value  profit  maximisation  activist  investor  Main  Street  accountability  transparency  mainstreet  arbitrage  squeezed  middle  class  wage  stagnation  bonuses  bonus  speculation  revolving  door  regulation  regulators  Career  Politicians  CEO  pay  dividends  Heuschrecken  ROI  speculative  sustainability  tax  code  ethics  corporate  scandal  accounting  scandal  oligarchy  plutocracy  Super  Rich  1%  GFC  sovereign  debt  crisis 
february 2016 by asterisk2a
Matt Taibbi: Mitt Romney and the Looting of America (1/2) - YouTube // companies turned into financial instruments. // fictionalisation of economy // >> money spend (debt) on hostile takeover/LBO/MBO/M&A are tax deductible! << = invest in debt, rather than equity! & carried interest is only taxed at 15% max. still can reduce it w deductions xyz. // !!! NO SKIN IN THE GAME !!! Nassim Taleb //
Mitt  Romney  risk  capital  Venture  LBO  MBO  Wall  Street  M&A  shareholder  value  profit  maximisation  multinational  conglomerate  Mafia  Private  Equity  oligarchy  plutocracy  Super  Rich  1%  activist  investor  share  buyback  Hedge  Fund  Heuschrecken  bankruptcy  public  sentiment  public  awareness  creative  destruction  financial  product  self-regulation  regulation  regulators  BlackRock  Bain  CEO  pay  bonuses  bonus  squeezed  middle  class  Blackstone  dividends  mainstream  Main  Street  hostile  takeover  USA  lobbyist  lobby  Lobbying  tax  code  Nassim  Taleb  vested  interest  interest  groups  Career  Politicians 
february 2016 by asterisk2a
David Stockman: Central Banks Setting Up World for Bad Time - YouTube
"monetary madness" - repeat phrase of we aim for 2% inflation, that is why we do it. // BIS warned recently in its yearly paper - that Central Banks are unable to combat any global crisis flare-up that is more likely to be worse than GFC ... could be China of all things. // 2000 bust was fought with fed easing and throwing money at it, and GFC too. Next crisis - throwing money at it and easing will not be possible. // &! Deflation Comes First, Then Inflation - Mike Maloney - // &! "One Bet, that is Big Enough, (that maybe was even conventional wisdom that it is save and THE BET) when wrong, does put you in a deep deep hole - --- Nassim Taleb. There are lots of candidates/things that could blow up in peoples faces. &! Nouriel Roubini: Deflation Needs Monetary, Fiscal Policy -
BIS  deflationary  deflation  financial  repression  BOE  Fed  ECB  BOJ  ZIRP  NIRP  QE  Abenomics  monetary  policy  unconventional  monetary  policy  monetary  system  monetary  stimulus  monetary  theory  modern  monetary  theory  debt  monetisation  debt  monetization  inflation  expectation  inflation  currency  war  unknown  unkown  unintended  consequences  GFC  recovery  secular  stagnation  austerity  fiscal  policy  fiscal  stimulus  economic  history  IMF  currency  debasement  inflation  targeting  disinflation  hyperinflation  dis-inflation  deleveraging  leverage  balance  sheet  recession  debtoverhang  debt  bubble  Super  Cycle  fiat  money  trust  trustagent  Nassim  Taleb  Black  Swan  Greece 
july 2015 by asterisk2a
Malcolm Gladwell Interview on Genius, Late Bloomers, Criminal Profiling, Intelligence Failure (2009) - YouTube
min10 Networking & making Conversation, "Everyone is interesting. Let them talk abt what they know well & do well. If not u may make them uncomfortable - ur fault. Just ask them the right inquisitive questions." // Career & Life Advice. Stay Humble (humility) & Smart. Overconfidence is the disease of the expert. Titans of Wall Street believed in such command that they were risk averse & believed never 2 fail (black swan, blind spot). Overconfidence & arrogance is a psychological problem of success. // Also, learning from experience, the elders, is so important ie 2015, Unicorns in Silicon Valley with burn rates greater than during the dot. com bubble & the youngsters do not listen 2 have plan b & c in their desk drawer as Bill Gurly mentioned in his 2015 SXSW talk w Gladwell. bc "U only learn certain things when youve been humbled." // 23:35 its not about IQ (intelligence), its abt environment & culture! Nature vs Nurture (Peers Cohort). + Innovation by Late Bloomers + Taleb
Networking  socialising  life  lesson  life  hacker  introvert  extrovert  Career  Politicians  Policy  Makers  advice  ladder  GFC  Success  education  environment  living  environment  culture  society  Gini  coefficient  American  Dream  income  mobility  social  mobility  peers  childhood  childhood  development  parenthood  parenting  parents  helicopter  parent  lifehacker  lifehacks  lifelessons  lifelesson  Nassim  Taleb 
april 2015 by asterisk2a | Frank Schirrmacher - Emigration Of Thinking Because Of Algorithms.
... apart from teaching algo's, people have to be taught too - to think about the third factor that puts everything in question. algo's are about the absolute solution to problem x. thus we become blind to factor x, the third factor, the black swan (see GFC, we are not in a bubble, houseprices never reverted back to the mean). Narrative, doubt (zweifel), intuition - vs - algo's outcome. Without narrative, what world is that, where we just have results only? No narrative (linearity), no grammar. What world is that?
book  evolution  singularity  algorithm  algo  algorithms  Frank  Schirrmacher  technological  progress  ethical  machine  computer  science  degree  history  blackswan  GFC  Google  Facebook  filter  bubble  filters  filter  nassimtaleb  Nassim  Taleb  academia  academics  economic  history  debate  digital  economy  digital  world  unknown  unknowns  zweifel  intuition  narrative  doubt  Twitter  Pinterest  okcupid  Philosophy 
june 2014 by asterisk2a

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