According to the SEC Flash Crash report 86% of securities traded 10% lower during the May 6th flash crash with some shares trading down to $.01 (see page 26 of SEC report). The US Equity market is valued at roughly $15 trillion. The Flash crash was a temporary $1.0 trillion accident.
1. In complex systems "more" is different
A single share's transaction & →…read more
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 trillion normal accident: flash crash">Leave a comment  Finance & Economics, Technology  Finance & Economics, Technology Sorry to any nihilists in the audience about the cheap paraphrasing of Nietzsche. Robert Cialdini is a power house in the sociology world for his publications and highly digestible books on persuasion and influence. He is now using his understanding of psychology to manipulate people into saving energy and he is doing it with a new start up called Opower. The idea →…read more Crowdsourcing, intrinsic motivation and positive externalities are powerful forces when combined. I am currently teaching some friends about the online world. My friends use Facebook, twitter etc. but don’t know how they work as media tools. Similar to the fact that watching TV doesn’t necessarily mean one understands the dynamics and mechanics of it is a marketing, social or psychological phenomenon. →…read more The average individual in the developed world easily spends 30-40% of their waking hours in front of a screen, either a computer or a TV. The state of reality and awareness created in these environments doesn’t exist. It is a shared collective narrative of concepts or representations strung together by ourselves or others for work or entertainment. Think about it, your →…read more Ultimately great investments are created by sustained margins over years and longer. These margins are created by what value investors call moats. Moats are created by excellent strategy. Strategy has to come from somewhere and that somewhere is innovation. Every product, service or firm you see today was an innovation at some point and time that has stood a test of time. →…read more I have a fraternity brother who is slowly losing his children to a rare neurodegenerative disease called Battens syndrome. He and his wife are watching their 5 year old son fade before there eyes. One of their twin daughters will go through the same process. They are doing everything they can. If you know someone in such a situation here is →…read more Shocker folks, the i-pad will grow in popularity, but won't change cultural institutions, values or belief systems much. Gene testing and diagnostics will change cultural institutions, values and belief systems. These are some old gene chips to the left. I used to help run a project that played around with these. A firm called Counsyl is releasing a new chip →…read more Oh no. Peak tweet may have been hit in July in the US. Data here. For those of you trying to figure out what the hell twitter is, have a look here at some quick powerpoint summaries. My own analysis of the social driver behind twitter is here. The video is very →…read more I am thinking & working slowly on the concept of facilitating the registration of property via open source tools. The idea is property law wiki. Making Property Law Wiki Real It is estimated by Hernando de Soto that there is $9.3 Trillion worth of dead capital in the world. World bank video here These are resources such as real →…read more I am a bit of a flight geek. My mom used to teach flying and was rated up to multi-engine class, she also owned and flew a hot air balloon. My grandfather started flying gliders when he lived in New Delhi, India and subsequently taught my brother and I how to fly at age 15 in Iowa. I have flown in micro-lights →…read more |
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