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Time Fractals
I wrote this feature on 8 April 2010. A lot has changed since then but challenging Mandelbrot remains a Herculean task. Abstract Ralph N. Elliott wrote the wave principle in 1938. In 1975 Benoit B Mandelbrot coined the term fractal and in 1982 published his ideas in ‘The Fractal Geometry of Nature’. The book brought…
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Dismantle ESG Label
Mr. Bowman, thank you for the ESG label dismantle call. Your choice of words fired up the reader’s motivation for change. I want to do my bit and stand by you not only in agreement about full consequence investing, doing the right thing, and adopting a more integrated approach, but also reinforce that the ESG…
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Machine Beta
If factors can explain, almost everything and then flip, or stop to work and alpha that was there yesterday suddenly vanishes, there is only up to some time you can play this magic trick and keep laughing. Eventually, the reality that Alpha is a tragedy of commons, and just because it’s not my job or…
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The [3N] Model of Life
![The [3N] Model of Life](https://mukulpal.ro/wp-content/uploads/2021/04/UntitledDiagram-161.png)
Schrödinger’s, “What is Life?” asked questions around the functioning of life and how Nature extracted order from disorder relentlessly. This paper illustrates a [3N] model of life which attempts to reconcile the conflict between Quantum and Newtonian states and explains how Nature overcomes the challenges of the second law of thermodynamics using a perpetual motion…
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ML Knows No Cash
The $ 100 trillion managed globally as your pension and investment assets is primarily discretionary. The human does the job. With or without the crash, the pie will become bigger. The future is about machines managing your pension and investments. There are many problems to solve, starting from bias to teaching investors how and why…
