Michael Mainelli
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Transcript of Michael Mainelli
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© Z/Yen Group 2010
© Z/Yen Group
2010
Z/Yen Group Limited
Risk/Reward Managers
5-7 St Helen’s Place
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United Kingdom
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“Zest for Enlightenment”
Long Commerce
How Not To Steal The Silver From Our Own Children
TBLI Conference - Europe 2010
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© Z/Yen Group 2010
© Z/Yen Group
2010
The Price of Fish
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© Z/Yen Group 2010
© Z/Yen Group
2010
[Source: http://www.fortunewatch.com/handling-greed-and-fear-in-investing/]
Greed and Fear
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© Z/Yen Group 2010
© Z/Yen Group
2010
Impertinent Questions
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© Z/Yen Group 2010
© Z/Yen Group
2010
When we can recommend a financial
retirement structure to a 20 year old?
When we can fund a forest?
[Source: www.longnow.org]
Long Finance
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© Z/Yen Group 2010
© Z/Yen Group
2010
Long Finance
Eternal
BrevitiesFinance Shorts
Financial
Centre
Futures
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© Z/Yen Group 2010
© Z/Yen Group
2010
Film Interlude
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© Z/Yen Group 2010
© Z/Yen Group
2010
2050 – The Eternal Coin
[Source: http://illusionsetc.blogspot.com/2005/08/moving-mobius-strip.html]
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© Z/Yen Group 2010
© Z/Yen Group
2010
Core Theme Sample Research Questions
1. Long-term versus short-termWhat are secrets of success among the finances of the institutions, e.g. the Vatican?
2. Fiscal versus monetary How might we price counter-cyclicality?
3. Free versus regulated What is the value of high velocity trading?
4. Selfish versus selfless Do codes of ethics make a difference?
5. Public versus private How might retirement ‘cohorts’ work?
6. Mutual versus ownedWhat can we learn from harsh climates -finances of the Inuit or the Bushmen?
7. SustainabilityIs there a way to value abundance rather than scarcity?
8. Theory versus practiceRejecta Economica – what might be learned from discarded economics?
Meta-Commerce
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© Z/Yen Group 2010
© Z/Yen Group
2010
♦ Community of purpose
♦ Common pool resources (Ostrom) – clearly defined boundaries
congruence between appropriation and provision rules and
local conditions
collective-choice arrangements
monitoring
graduated sanctions
conflict-resolution mechanisms
recognition of rights to organize
use of nested enterprises
♦ Trust & Values - controlled leverage
Principles?
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© Z/Yen Group 2010
© Z/Yen Group
2010
Road Map
Evolution
Choice
Equitable
Commerce
Sustainable
Economics
Systems
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© Z/Yen Group 2010
© Z/Yen Group
2010
Trading Sardines Or Eating Sardines?
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© Z/Yen Group 2010
© Z/Yen Group
2010
2080 - Time & Space?
[Source: http://rg.ancients.info/lion/article.html]
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© Z/Yen Group 2010
© Z/Yen Group
2010
Giant Yellow Croaker
[Source: http://news.sohu.com/20070403/n249151441.shtml]
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© Z/Yen Group 2010
© Z/Yen Group
2010
When Would We Know
Our Commerce Is Working?
♦ When we’re equitable - space?
♦ When we’re sustainable - time?
♦ When we’re happy?
www.longfinance.net
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© Z/Yen Group 2010
© Z/Yen Group
2010
Long Commerce: The Price Of Fish
Thank you!
“Get a big picture grip on the details.”
Chao Kli Ning