The Shared Idea Of Authenticity

In our new world of markets, networks, organizations, friends and family, the ideas we share have greater power to lead and mislead us than ever before in history. I’m not saying that ideas lacked potency in previous eras. Not at all. Ideas such as witchcraft, Aryanism… even phrenology had plenty of power to cause ill […]

Government Secrecy Gone Wild: The SEC

Among the most cherished and powerful market principles is the direct relationship between the free flow of information and market efficiency. In our networked economy, of course, this is even more pertinent. The more information that flows, the more powerfully and quickly the markets can adjust. If one or more organizations gain control over information […]

War on Manners

The Wall Street Journal has responded to a college student’s candid criticism of Journal-supported policy by declaring a strong preference for actual failure over any acknowledgement that might be perceived as failure. In their image-dominated world, any whiff of even the possibility of failure is, well, bad manners. Instead, the Journal stands four-square behind sycophantish applause and back […]

Exploding Mortgages, III

Recently, the National Association of Realtors has run a series of TV ads promoting their brokers’ ethics. The ads portray a series of sociodemographically diverse folks giving heart felt testimonials describing how lucky and fortunate and, well, down right life saving was the help and assistance they received from their real estate brokers whose — well, […]

Incompetence Of The Hands

Incompetence can take on as many forms and flavors as competence. Still, surely one of the hallmark characteristics of utter incompetence occurs when, as the saying goes, ‘the right hand doesn’t know what the left hand is doing.” This metaphor conveys a basic failure of coordination — whether in vision or policy/strategy or, especially, implementation. […]

Letter To Billmon About Leviathan

Dear Billmon, Thank you for Leviathan. The picture painted of an already-happening police state is a dark one — yet one I fear millions of us might sleep walk to and through unless we wake up to the new realities and responsibilities of living in the world of markets, networks, organizations, friends and families described in On […]