John Cleese on Creativity
J
The last time I found a book explaining the workings of a stock exchange was literally called The Work of the Stock Exchange, describing the New York Stock Exchange in 1922. Confusion of Confusions is a bit older. 234 years older. Published in 1688, describing the Amsterdam Stock Exchange. One might assume that the first-ever stock exchange back in the 17th Century would be lacking most of the...
I fell into another nostalgic computing rabbit hole, this one a few years later, looking at how the Xerox STAR and Apple Lisa could have succeeded, wildly, bringing the graphical computing era forward by almost a decade. That story begins with an earthquake, a few months before Apple’s IPO. A quake that puts the company’s existence in peril and ends up waking up Xerox to the...
Why does Africa lag behind the rest of the world as measured by economic development? Why didn’t Africa follow along with the growth of the Asian Tigers, China, India, and Southeast Asia? What was missing? Joe Studwell gives a plausible explanation in his new book, How Africa Works. TL;DR, the answer is population density. That isn’t a factor that I had ever considered, as Africa...
For institutions whose ages are measured in centuries, the day-to-day inner workings of the stock exchanges are amazingly undocumented. I’ve asked numerous traders and others in the capital markets, and they all tell me they learned those details “on the job” from their peers. Almost a year ago I found The Work of the Stock Exchange, which did document quite a bit of the...
Who invented double entry accounting? The ubiquitous system of general ledgers, income statements, balance sheets, and cashflow statements found throughout businesses and quite a lot of households? This is yet-another of those concept so taken for granted that they seem to have been around “forever”, but thanks to Double Entry: How the Merchants of Venice Created Modern Finance by...
