Category What’s wrong with Financial Services

What’s at the bottom of The Crypto Rabbit Hole? (Part 2)

In Part 1, I explained that I was late to crypto because what I saw at first glance (a speculative frenzy) had put me off. But I was wrong. Things get more and more interesting as you go further down the rabbit hole. Please bear in mind that I am not trying to persuade anyone […]

What’s at the bottom of The Crypto Rabbit Hole? (Part 1)

The $90 billion IPO of Coinbase last week was a landmark in finance. Coinbase is to cryptocurrencies what Paypal is to money transfer. Both are disruptive start ups that use the internet to simplify the process of handling money. Paypal links the legacy banking system to the email system. Coinbase links the legacy banking system to a crypto exchange […]

The Principles of Ethical Monetisation

In Part 1 we covered how the internet changed the economics of content creation. In Part 2, I cover The Principles Of Ethical Monetisation which are: Both the consumer and the producer should benefit from any transaction The producer should not sell things that don’t deserve to exist The consumer should not expect something for […]

How to spot a conflict of interests (Part 2)

In Part One we explored why you should never ask a barber if you need a haircut. That and why you shouldn’t rely on instructions from Proctor & Gamble for how much of their washing liquid to use. Today in Part Two we are going to look a bit closer at conflicts of interest in […]

Let’s make a hedge fund!

The Escape Artist does not recommend investing in hedge funds but has noticed that managing one can be remarkably remunerative…so today we are going to learn how to start a hedge fund. Lets make a hedge fund! OK, boys and girls!  It’s a lovely day here at prep school and its been a while since the last global […]