Below are links to the images I captured for the Redmond (Oregon) 2017 High School Graduation.
Click one of the two links below – then – CLICK SLIDESHOW:
For a scholar who writes of his early life: “In second grade, my mother received a note from my teacher informing her that I might be “retarded”—the term of art in those days—and could use some extra help.” P. 125 — Welcome to a marvelous book by Andrew W. Lo.
Andrew W. l.o is the Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering. He is the author of Hedge Funds and the coauthor of A Non-Random Walk Down Wall Street and The Econometrics of Financial Markets (all Princeton University Press). He is also the founder of AlphaSimplex Group, a quantitative investment management company based in Cambridge, Massachusetts.
What’s great about this book are several things:
That’s why Adaptive Markets – Financial Evolution at the Speed of Thought – by Andrew W. Lo is so darn important. The work is very much an integration of the most compelling scientific findings from a myriad of fields that Lo sutures together in a straightforward and coherent manner. It is also a body of work that will undoubtedly inspire additional research.
Evolutionary biology represents an organizing framework for Lo’s reasoning. I found the framework very illuminating. A few quotes from the book:
“The Adaptive Markets Hypothesis tells us that profit-taking alone isn’t enough to explain market success in organizing human behavior. We’re motivated by fear and greed, but also by a sense of fairness, and perhaps most important, by our imaginations.” P. 417
“Just as the human eye is susceptible to optical illusions, the human brain is susceptible to illusions about risk and probability.” P. 62
“Economic rationality isn’t wrong; it’s just incomplete.” P. 200
“Financial evolution proceeds at the speed thought, where several generations of ideas can come and go within the time span of a productive working lunch.” P. 231
“A financial crisis can be as disruptive to people’s lives as a major war.” P. 320
“This means that culture is also subject to evolution, to the same processes of variation, selection, and replication as a biological species or a mental narrative”. P. 345
“There are important interactions between culture and environment, in some cases reinforcing bad behavior.” P. 352.
This is a terribly important work. I hope it will inspire the essential, civil dialog and research endeavors that are currently woefully underfunded to explore the emerging, new frontiers in finance – and our understanding of all the audiences in these environments.
I HIGHLY recommend this superb work.
The following are images I captured at the May 27, 2017 Cascadian Classic in Bend, OR (Officially Authorized by Dominic Current – the event Director).
The pre-event article I authored can be found here:
There are two photo albums of these images located by clicking one of the following links then go to the SLIDESHOW feature:
These are high quality images NOT intended to be viewed on a cell phone. These images are NOT for resale and cannot be used for ANY commercial purpose. These athletes work VERY hard and make tremendous sacrifices to excel in their sport.
My hope is that these images might inspire others to improve their health, well-being and fitness. I hope you enjoy them.
When you read this book you garner a vastly deeper appreciation for the terms scholar, historian, research and story teller. You also are blessed with a unique narrative regarding the history of America’s financial disasters in the nineteenth century. I’ve done quite a bit of reading in this genre – and this book is a MUST READ.
This work has encouraged me to continue to “explore the places where maps have failed us…pushing along in the dark.” (p. 254). Yet, the historical evolution of U.S. capitalism that this work recounts, illuminated the absence of pre-existing maps from which to plot the path ahead. However, this work also revealed for me that man, at every juncture, with his seemingly eternal penchant for wealth and power, and organization – emerged, and injected itself at every opportunity.
For me, this book distinctly reinforced the incontrovertible evidence inhabiting the historical record; when you combine man and money, the emergence of mayhem is a matter of fact. Although we currently live in a time where our culture suggests that we know most everything, can control our environments, and predetermine outcomes of socio-economic (and geo-political) policies – I remain a healthy skeptic…particularly as it relates to ALL things economic. Again, this volume is a reminder to me to remain sensitive to the alerts from my “crap detector” (attached to my forehead, swiveling in a 360, 24-7 – and – solar powered). The “smugness” that inhabits our intellectual, social, economic and political discourse today remains, in my opinion, one of our most profound, enduring weaknesses – as a species – particularly as folks continue to espouse rigidly militant “certainty” about issues; past, current and future. I, for one, appreciate those who possess a high regard for questions vs. those who attempt to cram answers down my throat…as the author’s commentary at the end of the book, directed at his colleagues, elicited deeply appreciative smirks from this reader.
Yes, as some of the author’s final remarks in this book indicate, I too have ongoing concerns about the unregulated and mysterious miasma of rogue waves of capital that seemingly slosh between the shores of our globe…outside the cognitive awareness of the ordinary citizen…capital without margin (“margins impose safety”… p. 251), incalculable leverage, incomprehensible risk, and a source of instability whose magnitude and morph I remain acutely concerned with…as inertia continues to thrust us into places where maps are under construction…pushing along in the dark.…to a yet, unknown destination. Yet, the human motivations remain seemingly unchanged.
This particular work is profoundly appreciated by this reader. Thank you so very much Mr. Reynolds.
I had the opportunity to photograph some amazing athletes at the 2017 Oregon Feats of Strength in Prineville, OR. This annual event is presented by Dean and Dustie Munsey, and a horde of volunteers and sponsors. Dean is a lifelong, well-known, highly regarded personal/strength trainer in Central Oregon and beyond.
Over 100 athletes competed from across the U.S. – including several international participants.
I have created two photo albums for this event. Simply click on one of the links below to get to the album. Then use SLIDE SHOW:
A fantastic event!!! Sorry I couldn’t stay for the late afternoon competition. Get ready for next year NOW!
Here are the books I have recently completed reading through 3/24/17. Yes, my focus is currently the history of the evolution of capitalism in U.S. I find the degree of financial illiteracy in the U.S. in the 21st century absolutely shocking. History provides a basis from which to more deeply appreciate where, when, how and who influenced the emergence and current state of this “Grand Experiment.”
Every book always leads me to interest in another. I am particularly grateful to author/historian Jessica Lepler, Assistant Professor of History at the University of New Hampshire (and author of a fantastic work: The Many Panics of 1837: People, Politics, and the Creation of a Transatlantic Financial Crisis. Also – author/historian Stephen Mihm, Associate Professor of History at the University of Georgia and author of a MUST READ: A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States – (Harvard University Press, 2007). Both these scholars shared their recommended reading lists with me on 19th century U.S. financial history.
Here’s the list of books I have read in this genre in the past few weeks:
The depth and breadth of research contained in this volume is difficult to comprehend. Jessica Lepler invested years in the research and writing of this fascinating treatise – on two continents. My Oh My – this book is a national historical treasure. Period. The characters she brings to life and the various escapades they venture upon – priceless. This volume occupies a distinct place of honor in my personal library
A journey into the untold economic historical mystery that 21st Century Americans are completely unaware of. Thrilling, intriguing, reality of the force of counterfeiting in the history of the U.S. – Gosh, I adored this work. Stephen Mihm is a master researcher, story teller and weaver of the sinew of an oftentimes overlooked subject in the ligaments of U.S. economic history. Honestly, this volume is SIMPLY SPECTACULAR!!!
A sociological and historical classic. The history of risk in the U.S. – insurance companies, the rise of the corporation, the Freedman’s bank, the emergence of employee benefits, etc.- the
This book explained my never ending discomfort with Timothy Geithner as U.S. Treasury Secretary. I doubt if you will ever see Giethner and Blair breaking bread together after reading this book. The book is insightful for Blair’s inside look at her term as Chairperson of the FDIC during the Great Recession – and her incessant advocacy for the fate of the U.S. consumer and homeowners…a noble effort, throughout years of public service, too often obstructed by others. Without Blair at the helm of the FDIC during the great Recession – trust me – things would have been much worse. Yet, there remains much financial re-engineering yet to be done…as she urges her readers to passionately advocate for TODAY.
No treatment of the history of U.S. economy can overlook the emergence and establishment of railroads. A phenomenal treatise.
A CLASSIC – although focused on the evolution of international banking, the treatment of the U.S. institutions, policy and practice development are a CANNOT MISS THIS BOOK!!!