Bloomberg View - 11 Dec 2017
The columnist reviews three books that chronicle how financialization has transformed the world over the past 30 years. Accompanied by the rapid enrichment of a few and stagnation and disappointment for the many, it has destabilized political life on all continents. The problem can be captured in just one sentence: “Wall Street hasn’t made room for Main Street” (reads in 4-5 min).
Published in Weekly selection 15 December 2017
Bloomberg - 27 Sep 2017
Man Group, one of the world’s largest hedge funds, was initially wary of the AI technology, but is now persuaded by the returns from algorithm-centric funds. Simply put, it has gone from viewing AI with skepticism to making it a cornerstone strategy. This article confirms that AI will soon engulf the entire industry. Deep learning is changing asset management forever. It is also bringing new complexities (reads in 7-9 min).
Published in Weekly selection 29 September 2017
Project Syndicate - 24 Aug 2017
The banker and INET member warns that the wrong-headed response to the global financial crisis that started 10 years ago threatens not just the financial sector, but open societies generally. Simply put: new financial regulations are falling short because we all seem to have missed a basic fact: the economy is a complex, adaptive system populated by fallible agents with imperfect knowledge (reads in 5-7 min).
Published in Weekly selection 25 August 2017