markhulme / tags / finance

Tagged with “finance” (6)

  1. The Parable of the Ox: podcast explains the disastrous separation of financial markets from the real economy

    An excellent recent episode of the BBC Radio 4 math/current affairs show "More or Less" dramatized "The Parable of the Ox," a short article by John Kay originally published in the Financial Times (paywalled, alas, or I’d link to it). Fans of James Surowiecki’s Wisdom of the Crowds will know the first part of this story — wherein the average of several guesses about the weight of an ox was more accurate than the guesses of any of the experts in the crowd. What this podcast and the article adds is a coda about how the use of "guesses" (or stock trades) as a way of weighing the ox quickly departed from guesses about the weight of the ox (or the value of a firm) and turned into guesses about other peoples’ guesses about other peoples’ guesses — a financialized system that soon has no connection to the real economy or the real ox. And it ends, predictably enough, when the ox dies.

    —Huffduffed by markhulme

  2. Nassim Taleb on Antifragility

    Nassim Taleb, author of Fooled By Randomness and The Black Swan, talks with EconTalk host Russ Roberts about antifragility, the concept behind Taleb’s next book, a work in progress. Taleb talks about how we can cope with our ignorance and uncertainty in a complex world. Topics covered include health, finance, political systems, the Fed, your career, Seneca, shame, heroism, and a few more.

    —Huffduffed by markhulme

  3. The (Next) Financial Crisis - HBR IdeaCast - Harvard Business Review

    Featured Guest: Nicholas Dunbar, author of The Devil’s Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street … and Are Ready to Do It Again.

    —Huffduffed by markhulme

  4. Podcast 52: Unautomate Your Finances, Adam Baker

    This week’s guest on the Season Two finale of the Consumerism Commentary Podcast is Adam Baker, creator of the Man vs. Debt website and author of the e-book Unautomate Your Finances: A Simple, Passionate Approach to Money. Baker talks to

    —Huffduffed by markhulme

  5. Anthony Bourdain on Why Leaders Should Eat with the Locals - HBR IdeaCast - Harvard Business Review

    Business bloggers at Harvard Business Review discuss a variety of business topics including managing people, innovation, leadership, and more.

    —Huffduffed by markhulme

  6. Gold and the Periodic Table of the Elements : Planet Money : NPR

    The periodic table lists 118 different chemical elements. And yet, for thousands of years, humans have really, really liked one of them in particular: gold. Gold has been used as money for millennia, and its price has been going through the roof.

    Why gold? Why not osmium, lithium, or ruthenium?

    We went to an expert to find out: Sanat Kumar, a chemical engineer at Columbia University. We asked him to take the periodic table, and start eliminating anything that wouldn’t work as money.

    —Huffduffed by markhulme