interfluidity » Why is finance so complex?
Lisa Pollack at FT Alphaville mulls a question: “Why are we so good at creating complexity in finance?” The answer she comes up with is the “Flynn Effect“, basically the idea that there is an uptrend in human intelligence. Finance, in this view, gets more complex over time because financiers get sma…
Hasnain says:
"The core purpose of status quo finance is to coax people into accepting risks that they would not, if fully informed, consent to bear."
Posted on 2015-07-08T06:23:18+0000