About Valdis Krebs

Mathematician, social scientist, business owner, photographer, electronic musician, network thinker. Sveiks!

Public Notes


Recent Activity

  • Valdis shared from Flash Boys: A Wall Street Revolt by Michael Lewis
    Once very smart people are paid huge sums of money to exploit the flaws in the financial system, they have the spectacularly destructive incentive to screw the system up further, or to remain silent as they watch it being screwed up by others. The
  • Valdis shared from Flash Boys: A Wall Street Revolt by Michael Lewis
    Some large amount of what Wall Street had done with technology had been done simply so that someone inside the financial markets would know something that the outside world did not.
  • Valdis shared from Flash Boys: A Wall Street Revolt by Michael Lewis
    Technology had collided with Wall Street in a peculiar way. It had been used, as it should have been used, to increase efficiency. But it had also been used to introduce a peculiar sort of market inefficiency. This new inefficiency was not like the inefficiencies that financial markets can easily correct.
  • Valdis shared from Flash Boys: A Wall Street Revolt by Michael Lewis
    The stock market at bottom was rigged. The icon of global capitalism was a fraud. How would enterprising politicians and plaintiffs’ lawyers and state attorneys general respond to that news?
  • Valdis shared from Flash Boys: A Wall Street Revolt by Michael Lewis
    how aggressively capitalism protected its financial middleman, even when he was totally unnecessary. Almost magically, the banks had generated the need for financial intermediation—to compensate for their own unwillingness to do the job honestly.
(Cleveland, Ohio and Riga, Latvia)
Valdis Krebs
Web Page: http://orgnet.com