Supply Shocks and Demand Disappearance The World Needs A Bridge Loan The Fed Does Not Have the Arsenal The US economy is facing a transitory, but critical, credit emergency beyond the Fed’s normal scope. A new federal credit facility is needed to ensure that sound businesses and households have ready access to cash to get…
Luck and timing play an outsized role determining any outcome – and these are extraneous circumstances one cannot influence. As in sports, sometimes the ball bounces your way and sometimes it doesn’t.mportantly, winning should never be the goal because you can never do your best if you compromise who you are – your values and character – while achieving your goals. Whatever the outcome, it’s just the outcome. But the values and standards that make you who you are inviolate and supersede any near-term goal.
Most people have no idea what they are doing. The best intentions combined with intellectual prowess and plentiful capital rarely achieve anything worthwhile. They fail because they don’t know what they’re trying to solve. Nothing can be solved until the problem is defined accurately. Otherwise it is a waste of time and resources (which describes most public policy). All too often decision makers waste time, resources, and make matters worse because they simply do not understand the actual problem they’re trying to solve.
Instead of “internet time” we now have “pandemic time.” The need for advanced systems to keep society functioning, manufacturing moving, and give consumers some sense of safety is immediate. Driving innovations – whether those innovations are in health care, technology or other areas of production and manufacturing – is essential to not only offset the…
We Didn’t See This One Coming – Sort Of The coronavirus has created a disruption to our lives, relationships, business, and financial markets. But, as we look beyond the immediate crisis, market trends and investment opportunities can be analyzed and calibrated to take advantage of unprecedented opportunities. Since major disruptions and market discontinuities occur on…
Special thanks to the Massachusetts Institute of Technology for research and notes http://web.mit.edu/ Artificial Intelligence, Correlation, and Failure Artificial Intelligence identifies correlations far more frequently than causal relationships. Correlations show how certain phenomena go together, which can be quite useful in many circumstances – but not in medicine. Only causal links tell why the presence of…
A global economic and political chess game is on between the United States and China. There are many moves, defensive and offensive strategies, short- and long-term gains, but, unlike chess, mutual victory is possible.
Maybe the reason we find it so hard to get anything done is that most of the things we do just fundamentally don’t need to be done. All the productivity lifehacks out there are ultimately missing the point: we’re avoiding our work because our work is pointless.
Disruptive technologies are apparently being developed faster than we can adapt to the full impact of their disruption. Really? Internet time may not be the fast-paced disruptive force we assume, and these “disruptions” may not come close to the scale society experienced over 100 years ago. Consider the following innovations, all occurring within a short…
