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Algorithms, Confidence Games and the Fragility of Big Narratives
Every era has its preferred prophets. In the 1920s it was journalists urging households to buy stocks on margin. More recently it was the cryptocurrency evangelists who promised a future where you could buy bitcoin or a banana with the same keystroke. Today we have traded tarot cards for algorithms and convinced ourselves that the […]
Kintsugi and the Cracks in the Financial System
In Japan, when a finely made bowl is broken, it is not discarded or hidden away. It is repaired with lacquer mixed with gold powder, the seams left visible and gleaming. The practice is known as Kintsugi, or “golden joinery”, and it transforms what was once considered ruined into something of even greater worth. The […]
