This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
That’s just the math. The remaining money was leveraged into the financialsystem. And this was accumulated into the financialsystem and financial markets. If you’re not in it, you’re not going to benefit from the upside. As a result, the money just tsunamied upward in a very short period of time.
Petal wants to change the math on how consumers gain access to credit – and turn the tables on how creditworthiness is assessed. Today, they mostly can’t – but in the world of Petal’s newly released product with WebBank , it is their sincere hope that availability becomes a more regular part of the financialsystem, and soon.
And I did a lot of options math, which I thought was interesting. 00:12:54 [Speaker Changed] Well, what was interesting is, particularly for the segment of the markets the fund was focused on, which is really smaller, mid cap, private equity and private credit, they were pretty unaffected by the global financial crisis. Makes sense.
So just most technology has been a little bit more either the pipes and infrastructure of how the financialsystem runs or something that lets people buy the products that they want to buy because they can just go online and buy it. And if you went through the math, it gave us hundreds of hours that a typical firm would spend.
So like a component of it was like the standard derivatives math, right? And so like, you know, I got there and I learned derivatives math, right? It was derivatives math, it was like working with the traders on like risk management. Like people who were like kind of rebuilding the financialsystem from scratch.
It’s like being asked to figure out the solution to one of those unsolved math problems that mathematicians work on for years before they go insane. Now, of course, there are lots of frictions with national and global financialsystems, and there are certainly better ways of doing things. WhatsApp did it, why can’t I?
You know, started with Bear Stearns, and then all of a sudden, financial institutions are levered entities. And you know, you have whether it’s derivatives, the intertwined financialsystem. How are we doing in literacy versus math versus science? It was one of the most famous books in education for a long time.
Bitcoin uses math — and math equations that anyone can solve and see — to provide this cash-like feature. Speaking of math, doing it helps explain that big billion dollar-plus number. In May of 2016, the FBI reported that ransomware would top $1 billion that year — they estimated $1.6
The ability to use an anonymous single currency to power a decentralized, permissionless distributed ledger operating over the public internet where miners compete to solve the math problems that enable the processing of transactions is a remarkable innovation. In concept. At least I hope so.
Because he was all sure he was a totally isolated math. So, so he’s brilliant at math. He goes to m i t to study, study physics and math. So brilliant enough so that sure, he goes to math camp in the summer and find, kind of finds his tribe. But in math camp, he’s not the best. And the Undoing project.
I’d been ranked i i back in the seventies, if you can do the math. But anyway, you know, that, you know, darn near blew up the global financialsystem right outta 00:31:40 [Speaker Changed] The blue an an early warning shot, right? So at that point, I had a pretty big career.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content