The Financial Revolutionist is pleased to offer an unrestrained perspective on the week's most important fintech news. In our weekly briefing, you'll find a distinctive voice that seeks to strike a balance between embracing the extraordinary financial innovations taking place and calling out hyperbole when merited.
Recent opinion pieces
We were delighted to read a new study (See below) asserting that valedictorians aren’t usually the most economically successful folks over the long term. According to Boston College’s Karen Arnold, it’s because they’re good at following the rules ─ perhaps too good as it turns out.
Warren Buffett is not the only octogenarian who has shown that it’s never too late to teach the youngins a thing or two. Our latest evidence is Masako Wakamiya, a long-time banking professional who, after retiring at age 60, learned how to code.
Although you can never be fully protected against hacking (see our previous segment on Frank Abagnale), it doesn’t mean you shouldn’t try to mitigate your professional and personal vulnerability to a data breach.
A few years ago, meditation went upscale. And by upscale, we mean really high-end. Fund managers, tech entrepreneurs, moguls and those who could afford multiple Juicero machines all seemingly took up meditation with the same enthusiasm they brought to their day jobs. That newfound buzz around the ancient practice turned off some to the ancient practice — unfairly.
We’ve never dug cats. However, as we learned from the attached article, these furry creatures live in the present, know how to find contentment within themselves and generally avoid the emotional entanglements with people that plague their cross-town rivals, dogs. Do we think that you should act like a cat in the workplace?
In a poll taken at our Brooklyn-based WeWork, 40% of those surveyed had never heard the rationale of why 1980s supergroup Van Halen stipulated that there could be no brown M&Ms in the M&M bowl required backstage. We want to reduce that percentage because there was a method to Van Halen’s madness ...
If you are in the early stages of your career, have programming aptitude and only time to learn one computer language, which should it be? According to IBM’s Jean-Francois Puget, the answer insofar as data science and machine learning is concerned is clear: Python.
If you ever find yourself having dinner with a bunch of hardcore hedge fund quants, and you want to have a little fun, tell the most successful of the bunch that you heard that he or she is rumored to be a rampant “overfitter.” But suggesting, even in jest, that a hedge fund pro is a heavy overfitter is a good way to disqualify yourself from a Hamptons invitation. That’s because overfitting touches a central nerve within quantitative finance: it’s tough to avoid, even by the most sophisticated of hedge funds.
There are certain places that you shouldn't go to on the web. An example: At the end of an interesting article, your eyes gaze southward to a catchy headline such as, "You won't believe what this former childhood star of The Sopranos looks like today!!!” The link takes you to the equivalent of Times Square on the web, festooned with glaring banner ads and a flashing red arrow. Yikes.