Thoughtful perspectives from members of the The Financial Revolutionist’s growing community.
For something to have worth and command a price, it must provide some utility, benefit or satisfaction to a buyer. Intrinsic value is the quantification of that worth. Once there is value, the forces of demand and supply in the marketplace determine price. Tangible assets such as food, a car or real estate are easy to value.
Read MoreIf you think artificial intelligence is a thing of the future, ask yourself why your Amazon homepage looks different from ours or how Google translates websites on the fly. Consumers in developed and developing countries are benefiting today from these smarter types of software. In particular, the subfield of Machine Learning is making rapid strides in everything from detecting rare types of cancer to correcting our grammar. In essence, software development is transitioning from a process where humans figure out a few rules for the machines
Read MoreIf you are over the age of 40 and/or a Billy Joel fan, you will probably be familiar with the song, Allentown. The song laments the worsening fortunes of workers in Allentown, Pennsylvania after the town’s main employer, Bethlehem Steel, hit upon hard times. This formerly iconic...
Read MoreRecently, we have observed that many Fintech start-ups are talking a big game about world domination. These entrepreneurial buccaneers, and the venture capitalists backing their soaring valuations, seem supremely confident that they can storm Wall Street and grab all the...
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
