Wednesday, January 29, 2014

Izabella Kaminska — Currencies everywhere

Two points I want to jot down before I forget them.

1) someone made a really good point today that society seems to be transferring trust away from banks and over to tech firms. This by definition suggests tech firms are as vulnerable to “trust” runs as banks.

2) a trust run should be particularly worrisome to a tech firm which draws power from its stock valuation more than its provable earnings.
Which made me think about acquisition currencies.
Currencies everywhere
Izabella Kaminska

1 comment:

Dan Kervick said...

These days, I often don't know what Kaminska is talking about any more.