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There has been an awakening. Have you felt it?
@AdviceMovement#LTMA20https://twitter.com/HariMaragos/status/1224217549203619845 …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Translation: “Our consultants reduced the scope of the initial rollout, forgot about the superannuation system & we would like to divert attention from the multiple delays of the go-live date. Therefore it’s essential to launch an enquiry to confirm what we already knew”https://twitter.com/austfintech/status/1221938664881569792 …
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So... While my understanding of epidemiological statistical methods is a little rusty (to say the least) - it seems to me that creating a method of identifying the attributes of super-spreaders of the virus should be a priority. Forget the mean, worry about the fat tails.
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The “super spreaders” mentioned in this article are equivalent to asset class correlations breaking down (and moving towards one) during a market meltdown (just when you need them not to be one!) It is a rare (but catastrophic) event as seen in the GFC and the collapse of LTCM.
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It’s no wonder the R0 estimate has been revised so often. It’s because of the fat tails!
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In a more recent article, Taleb proposes that the fat tails are due to “super spreaders” of the virus.https://www.academia.edu/41743064/Systemic_Risk_of_Pandemic_via_Novel_Pathogens_-_Coronavirus_A_Note …
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CTRL-F "Fat tail" Uh-oh. Most events that occur naturally are normally distributed. Fat tails mean high probability of extreme outcomes. Asset returns have fat tails, accounting for rare market crashes. Fat tails are not good, more important than R0.pic.twitter.com/ZU92wyjxJQ
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Today's big news is the acquisition of
@Now_Infinity by@Class_Limited. Looks as if Class wanted to protect the lucrative NowInfinity supply line & their 400k entities. Congrats to Amreeta@SMSF & Vitalii@smsfwiseguy on this transaction.https://www.class.com.au/news-and-media/class-limited-announces-strategic-acquisition-of-documentation-platform-nowinfinity/ …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
This is worth keeping a close eye on. Disappointing reaction from LastPass, usually known for their transparency.https://twitter.com/allenrtaylor/status/1219775833776316417 …
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Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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URGENT msg for planners & firms who manage their IT infrastructure. Microsoft are releasing an update this weekend to fix an apparently "scary" bug to do with the way your computer encrypts your client's info. Make it YOUR business to ensure that your IT person does this ASAP.https://twitter.com/briankrebs/status/1216847668414222336 …
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YAAAAAS! No worries at all
@clementine_ford - it’s a great prize for a great cause. Thanks for kindly offering your time and thanks to the long list of authors. Dinner will be mint fun :)https://twitter.com/clementine_ford/status/1215972223116169216 …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Congrats Adrian, Glenn and the Practifi team on this pretty big milestone. Looking forward to seeing you all taking it to the next level.https://twitter.com/Practifi/status/1215351311052439552 …
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Some news I missed while away on leave. Lime FS shuts robo-advice This highlights complexity involved in digital advice software. This only players that will survive are those that re-use advice engines in both digital & comprehensive.https://smsmagazine.com.au/news/2019/10/21/lime-actuarial-shuts-robo-advice-arms/ …
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Bruce really is the Boss.https://www.youtube.com/watch?v=L-Ds-FXGGQg …
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Absolutely, and developers for third-party APIs will flock to platforms with greater reach (over user numbers). Cloud (va managed hosted) is an absolute must, of course.https://twitter.com/Trishanth/status/1214367390781202433 …
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One thing I would point out is that measurement of scale is no longer number of adviser seats, but “overall reach” to Australian public. With that, and Cloud, last 10 year market dynamics will not be an indication of next 10 years.https://www.fintechbusiness.com/wealth/1620-iress-to-cash-in-on-evolving-advice-sector …
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This video should be getting a lot more retweets and likes than it currently has...https://twitter.com/_han_w/status/1214140088025661441 …
0:23Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
As predicted last July, Open Banking go-live to be pushed back. The last excuse was security concerns LOL.https://www.fintechbusiness.com/data/1621-open-banking-launch-pushed-to-july …
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Some of my current thoughts on The Rise of SKYWALKER. I am also interested in finding out why my phone Insists on capitalising SKYWALKER.
#RiseOfTheSkywalkerhttps://www.reddit.com/r/starwarsspeculation/comments/eel93n/why_rise_of_skywalker_is_the_classic_star_wars/?utm_source=share&utm_medium=ios_app&utm_name=iossmf …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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