By Venkatesh Rao
There is a theory in evolutionary biology that reciprocal altruism and cooperation first appeared as a solution to the food storage problem. If you were an early hominid and you killed a large mammoth, you could not possibly eat it all before it rotted. So you shared it. The best bank for your excess capital was your friend’s stomach. That way, you could play banker when your friend killed the next mammoth.
I was thinking of this little idea recently in the context of human wealth. Unless you are a professional investor (and probably even then), places to store surplus capital today where it will even be safe and/or not depreciate too fast (let alone generate a return) are getting incredibly hard to find. The stock market seems to be a secular, bearish bloodbath. Volatility and unexpected temporary rallies are making short games dangerous.
News: BCS Prime Brokerage selects Succession Systems to implement new ultra low latency pre-trade Market Access Risk System for proprietary trading
184 days ago,(2013/09/09) - Succession Systems
Real Time system meets compliance needs for Brokers in Russia and in the U.K. London, 9th September 2013: BCS Prime Brokerage (‘BCS’), the internatio...
610 days ago,(2012/07/10) - HFT Review
By Juha Saarinen Data centres have become the new trading floors for stock markets, according to former New York Stock Exchange technology veteran Steve Rubinow. Now the c...
224 days ago,(2013/07/31) - GBST
Top 10 globally ranked U.S. investment bank selects new solution to lower risk and complexity associated with country-specific tax compliance (New York-July 31,...