The Friedman Flat
We are in divergent times. A part of Europe is on the football field watching the Euro cup, while another part is protesting on the streets. I don’t know if Friedman would have seen it coming, how despite his vision of virtues linked with flatness, the world has somewhere descended into a vicious un-flatness. Not because the flattening drivers have not brought in efficiency but because flatness runs on bumpy Time.
The great leveller internet itself is not enough to hedge the cycles of inflation or ease the cycles of consumption or balance the allocation of resources. Mandelbrot’s fractal coastlines had an amazing geometrical rule attached with it. The geometrical rule of proportion said that more the number of neighbours a country have, higher the chances of a conflict. In context of what’s happening in Europe today one wonders how the flatness did not ease Europe’s geometric propensity to disagree. The idea of a consensus on spending or currency models was geometrically flawed, from the start.
Moreover, at the end of the day do we really have to go to war to prove discontent? Society has evolved. Now we can find new ways of disruption. Let’s destroy value of money by pumping more or let’s teach people how to consume. Flatness was always a utopia. If only efficient systems, sharing information, sharing workflow, objective and robust processes could have taught society to build on the virtues of flatness. There would be no need for risk management then. A society is prone to vices. The phenomenon is called hyperbolic discounting. We humans are too myopic in our approach to really value tomorrow. We discount tomorrow more than today.
You can read the complete article in Business Standard
Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings from 1 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform. 100 is top relative performance and 1 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick. Jiseki is another name for Performance cycles, time triads and time fractals. The signals are illustrated as a running portfolio and as Jiseki Indices. These signals can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades.
Jiseki Interpretation. Signals are interpreted as crossovers between various Jiseki Cycles. All three Jiseki cycles (Jiseki 1,2 and 3) depict different time frames. Example: An asset is ranked above 80 percentile and all the three Jiseki cycles are pointing lower, this suggests a running SHORT SIGNAL. Our Jiseki Indices use different kind of exits based on price and Jiseki Cycles. We have color coded the (Jiseki 1>Jiseki 2) SHORT zones with brown sandy (burlywood) and grey (Jiseki 1>Jiseki2) for LONG SIGNALS.
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Mukul Pal, is a Chartered Market Technician, MBA Finance and a member of the reputed Market Technicians Association (MTA). He has more than a decade of Capital Market experience dealing with derivatives and global assets. He has worked for Bombay Stock Exchange, multinational Banks and brokerage houses in leading research positions before starting on his own in 2005. He is the President of the MTA Central and Eastern European Chapter.