"When a system has low complexity and we can define interactions linearly, reductionism is very useful. Many engineered systems fit this bill. A skilled artisan can take apart your wristwatch, study the components, and have a complete understanding of how the system works. Such systems also lend themselves to centralized decision making. Many companies in … Continue reading MORE THAN YOU KNOW – Finding Financial Wisdom In Unconventional Places
Month: August 2017
STREET SMARTS – Adventures On The Road and In The Markets
"If you're so smart, then why aren't you rich?" This was a perfect example of being smart and not being rich. I had been so smart I went broke. I did not know what the markets were capable of. On Wall Street there is no truer adage, I learned, than the one attributed erroneously to … Continue reading STREET SMARTS – Adventures On The Road and In The Markets