Saved by Lucas Kohorst
Let there be flow - Tanner Hoke
If prices are swinging around, traders can make more money being on either side of the trade. We saw this in the 1970s, when the collapse of the Bretton Woods system sent exchange rates haywire and banks rushed to set up highly profitable foreign-exchange trading desks. Over time, the expansion of these desks, and the development of more and more s
... See morePaul Vigna , Michael J. Casey • The Age of Cryptocurrency
One version of the Romantic Lie in finance is the “efficient market” hypothesis (closely related to “rational expectations,” another hypothesis). Efficient market theory is the belief that asset prices are functions of all available information. Company news, investor expectations, current events, political news, and everything else that might affe
... See moreLuke Burgis • Wanting: The Power of Mimetic Desire in Everyday Life
This is not at all mysterious if we realize that engaging with markets requires individuals to compress the economic signal nascent in the n-dimensions of their information, heuristics, judgments, and stakes, and project it onto the single dimension of price, and that markets do not project the aggregates; they aggregate the projections.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Blockchain-based prediction markets may be the one force strong enough to counterbalance the spread of incorrect information on social media. They give people a financial incentive to seek the truth and then protect them with the twin shields of pseudonymity and decentralization.
Joey Krug • Village Global's Venture Stories on Apple Podcasts
This is not at all mysterious if we realize that engaging with markets requires individuals to compress the economic signal nascent in the n-dimensions of their information, heuristics, judgments, and stakes, and project it onto the single dimension of price, and that markets do not project the aggregates; they aggregate the projections.