EDITOR'S PICK FINANCE SOCIOLOGY The Rise Of “Even Money” Profits Key Takeaway: The origins of commercial gambling can be traced back to the mid-1600s when mathematical probability emerged. In 1713, mathematician brothers Johann and Jacob Bernoulli introduced the “Golden Theorem,” later known as the law of large numbers, or long averages. This led to a “probability revolution” in gambling, transforming the industry in Britain and […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK FINANCE Why Crypto Crashed Key Takeaway: Japan’s stock market plunged 12% on August 5, marking its worst day in 37 years. The fall was triggered by fears of a US economy slowdown, with the Nasdaq index dropping over 6% and the S&P 500 dipping by 4.25%. The US Federal Reserve’s chairman, Jerome Powell, suggested an interest rate cut in […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE Discovering Your Money Attachment Style Key Takeaway: The current economic climate is particularly concerning for young people, who are often financially worse off than their parents. To overcome this, it is important to understand one’s financial attachment style, which can be secure, anxious, or avoidant. Attachment theory, influenced by childhood experiences and education, can help shape one’s relationship with money. […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE Democratising Finance Through Artificial Intelligence Key Takeaway: Artificial intelligence (AI) is revolutionizing investment by making professional financial insight and portfolio management accessible to everyone. AI-powered robo-advisers, such as Betterment and Vanguard, are democratizing investment and providing tailored advice to a new generation of investors. With 31% of gen Zs and 20% of millennials using robo-advisers, the financial industry is adapting […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE Why We Will Never Master The Financial Markets Key Takeaways: Stock market enthusiasts often claim to predict financial market trends with great accuracy, but this is not possible due to the uncertainty and unpredictable nature of the environments in which we make daily decisions. Human cognition tends to favor a reductionist approach to information processing, sometimes called “tunneling,” which can lead to biased […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK FINANCE New Studies Show Bitcoin Has No Mainstream Use And Is More Like Gambling Key Takeaway Bitcoin and other cryptocurrencies are becoming mainstream, but the true success of these cryptocurrencies depends on the average punter selling them for more than they bought them. The Reserve Bank of Australia’s data shows that cryptocurrency is rarely used for buying things, with only 2% of adults using it as a payments instrument. […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE Does Insider Trading Actually Matter? Key Takeaway: Insider trading is an illegal act in which someone relies on market-moving, nonpublic information to decide whether to buy or sell a financial asset. Punishment can range from a few months to over a decade. Insider trading is common and profitable, but difficult to prove and prevent. It undermines public confidence in financial […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE The Tragic Truth Of Venture Capital Key Takeaway: J.P. Morgan saved the financial system in 1907 by pledging $8 million to the next domino, the Trust Company of America, and convincing a dozen other banks and the U.S. Treasury to deposit $70 million into other vulnerable banks. Bank of America is backed by a safety net of federal agencies, such as […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE The Challenges Ahead For Bitcoin In 2023 Key Takeaway: Bitcoin has rallied over 53% since its low of US$15,476 in November, suggesting the bottom has finally been reached for the leading cryptocurrency. Retail investors have been buying bitcoin aggressively, while institutional investors have been offloading, suggesting a fall could be imminent. Bitcoin will reach the Wyckoff accumulation phase when institutional investors decide […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE What Ancient Wisdom Can Teach Us About Finance Key Takeaway: The rate of species extinctions as a result of human activity is at least 1,000 times higher than the natural rate. The effects of business on our climate are also clear, with 71%of the world’s fossil fuel emissions coming from just 100 multinational corporations. They aim to work within the nature and limits […] Saving Bookmark this article Bookmarked
What Lies Inside Quantum Black Holes? Key Takeaway: The concept of the “cosmic censorship conjecture” suggests that singularities within the universe are hidden within black holes, providing a protective barrier. However, the integration of quantum mechanics challenges this idea, creating “quantum black holes” that obey the subatomic world’s rules. These quantum entities must account for effects like negative energy, which does […] Written by Empirics Asia December 2, 2024December 2, 2024 Saving Bookmark this article Bookmarked
The New Frontier Of Time Key Takeaway: The second, the fundamental unit of time, is being refined through advancements in timekeeping technology. Throughout history, humans have sought to track time with greater precision, starting with the Neolithic site of Newgrange in Ireland. In 1967, the International System of Units established that a second corresponds to 9,192,631,770 oscillations of radiation emitted […] Written by Empirics Asia November 29, 2024November 29, 2024 Saving Bookmark this article Bookmarked
The Birth Of Fractals Key Takeaway: A visiting professor from Canada delivered lectures on complex dynamics, revealing breathtaking visuals of fractals, a realm pioneered by Benoit Mandelbrot. Mandelbrot’s groundbreaking work transformed how mathematicians approached their work, legitimizing the use of pictures in mathematics and challenging the field’s traditional reliance on purely analytical methods. His groundbreaking work, “The Fractal Geometry […] Written by Empirics Asia November 25, 2024November 25, 2024 Saving Bookmark this article Bookmarked
The Universe’s Biggest Mystery: Why Are We Here? Key Takeaway: Recent research by physicists has revealed that our universe may not be optimal for intelligent life. The mysterious force known as dark energy accelerates the universe’s expansion, but its value is far smaller than theoretical expectations. Researchers used anthropic reasoning to explain this, arguing that the properties of the universe must align with […] Written by Empirics Asia November 22, 2024November 22, 2024 Saving Bookmark this article Bookmarked
The Test Of Human Intelligence Key Takeaway: Scale AI has launched the initiative “Humanity’s Last Exam” to determine the capabilities of cutting-edge large language models (LLMs) like Google Gemini and OpenAI’s o1. The initiative aims to determine how close we are to achieving AI systems that rival human expertise. The challenge lies in evaluating intelligence in machines that can already […] Written by Empirics Asia November 21, 2024November 21, 2024 Saving Bookmark this article Bookmarked
When Reality Fractures Key Takeaway: Researchers have discovered that delusions, which are convictions that cling to a distorted view of reality, are a result of the same cognitive pathways that produce everyday beliefs. Delusions often defy common sense but emerge when the system of meaning-making veers off course. A case of postpartum psychosis revealed that a woman experienced […] Written by Empirics Asia November 20, 2024November 20, 2024 Saving Bookmark this article Bookmarked
The Rise And Fall Of Volkswagen Key Takeaway: Volkswagen, once a symbol of German industry and co-management between shareholders and unions, is facing a crisis due to strategic missteps, a convoluted governance structure, and a culture that often prioritizes control over innovation. The company’s journey began in 1937 with the Beetle, which became the world’s largest carmaker in the 1980s and […] Written by Empirics Asia November 19, 2024November 19, 2024 Saving Bookmark this article Bookmarked
Rethinking Education Key Takeaways: The Industrial model of education that fueled the modern era and its dizzying reach did its job incredibly well. In his writing, Flynn illustrates study after study, spanning nations and decades, in which modern educational gift of abstraction — a transcendent sign of intelligence, as we saw in Raven’s Matrices — has been […] Written by Anthony Fieldman March 2, 2022October 19, 2022 Saving Bookmark this article Bookmarked
How China Is Transforming Its Economy Through Learning I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […] Written by Enrique Dans February 1, 2021February 1, 2021 Saving Bookmark this article Bookmarked
Why You’re Not Seeing Success With Influencer Marketing With the new year around the corner, now is a good time to re-evaluate your past marketing strategies and gear up for the year ahead. For some businesses, influencer marketing has simply not seemed to live up to its lofty promises of genuine engagement, credibility, and transparency. Some have claimed that it has been failing […] Written by Michael Tan January 14, 2021January 15, 2021 Saving Bookmark this article Bookmarked
A New Philosophy of Business I’m about to ask you to take a mental leap. For the next 8 minutes, suspend your notions of what a business is, and I’ll propose a new lens for you to look through. There are a lot of questions asked around what “community” means for business. “Where should community fit in my organization?” and […] Written by Empirics Asia September 5, 2018September 5, 2018 Saving Bookmark this article Bookmarked