21st Century Finance: Intermediaries

Posted by Jason Apollo Voss on May 31, 2018 in Blog | 0 comments (Part IV of a series on the future of banking and finance)   I began this series of articles on 21st Century Finance by comparing and contrasting the legacy finance industry put in place in the 19th and 20th centuries with the one that is emerging now. Hint: new technology and new ways of using these technologies has an outsized chance of usurping the legacy-version of finance. My next...
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GDP Needs to be Rethought or Scrapped: Here’s Why

Posted by Jason Apollo Voss on Apr 5, 2018 in Blog | 0 comments Co-author: David Houle Gross Domestic Product (GDP) needs to be either re-thought, or scrapped as a measure of economy. Why? For several reasons, including: It measures output, not economy, and with grave unintended consequences It measures output domestically, and this is no longer a useful measure   GDP Measures Output, Not Economy   The whole point of both Gross National Product...
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21st Century Finance: Users of Capital

Posted by Jason Apollo Voss on Feb 28, 2018 in Blog | 0 comments (Part III of a series on the future of banking and finance) By now I hope to have convinced you in Part I and Part II of this series on 21st Century Finance, that things are never going to be the same. My thesis is that new technologies (discussed extensively in Part I) have the possibility of disintermediating 20th century finance’s business lines and that is going to chop into the industry’s...
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The Vollgeld Initiative: A Primer

Posted by Jason Apollo Voss on Jan 2, 2018 in Blog | 0 comments Over 100,000 Swiss citizens signed a petition to hold a constitutional referendum to end fractional reserve banking. Yes, really! That petition was certified on 24 December 2015 and a vote will be held sometime Sunday, 10 June 2018. Switzerland, that scion of banking, may vote to end the bedrock philosophy underlying modern finance. The movement is known as Vollgeld and is inspired by the...
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21st Century Finance: Providers of Capital

Posted by Jason Apollo Voss on Dec 20, 2017 in Blog | 0 comments (Part II of a series on the future of banking and finance)   This column follows my overview comparing 21st Century Finance vs. 20th Century  Finance. Hopefully I convinced you that banking and finance are likely never to see the same profit margins as in previous decades and that many of the business lines are likely to be usurped.   The Financial Ecosystem Before delving into the...
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21st Century Finance vs. 20th Century Finance

Posted by Jason Apollo Voss on Nov 16, 2017 in Best of the Blog, Blog | 0 comments (Part I of a series on the future of banking and finance) Finance’s 20th century business lines – their go-to money makers – are all in jeopardy of being destroyed. Primarily this is due to finance’s blatant disregard for its customers’ actual needs. This is the result of the industry’s traditional 40%+ profit margins that allow them to make money regardless of customer satisfaction. This all...
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The Active Equity Renaissance, A Case Study: Alpine Capital Research

Posted by Jason Apollo Voss on Aug 1, 2017 in Blog | 0 comments C. Thomas Howard and I authored a series of posts entitled The Active Equity Renaissance earlier this year. We did so because we believe that it is hard but not impossible to “beat the market.” We outline many of the directions the investment management industry took over the last 15 years that have led active managers astray. Much of the blame for active managers’ failure to...
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