Marketplaces

Trust is a consequence, not a cause. We first need new principles to govern a modern world for trust to carry meaningful value.

Amazon's superstore feigns a marketplace, and they have been found out.

Everything must change. Using a new normalization of truth to more accurately trace human ingenuity and capacity.

CalPERS must model its asset allocation strategy to the nature of the asset in question and offer members the transparency commensurate with its vision of long-term value creation.

Asset management is dead, to all but those who recognize alpha is a force of nature.

My answer is not beholden to populism, but an evolutionary reality.

For two main reasons.

A sassy question requires a sassy answer.

All constructs of freedom require paradoxical rules.

No. But Quora needs to learn a few humanitarian lessons.