Workbook for Volume 1 – Part III - Section #16: Individuals & Ecosystems that Move Markets
For new readers: Please read the “Pinned Post” at the top of this Substack’s Home Page, and titled Why Use Public Peer-Review to Write a Book? - “See for Yourself”.
For returning readers and subscribers: This post introduces the Revised Version for Volume 1 – Part III - Section #16: Individuals & Ecosystems that Move Markets
Summary:
Volume 1 – Part III - Section #16: Individuals & Ecosystems that Move Markets - This section closes the content sections for Volume 1 - Part III: Making Good Business Decisions with a display of the core charts from Parts I, II, and III, as shown on the right page, and marks the transition to Volume 1 - Part IV: Making Good Investment Decisions with book summaries from authors whose work bridges both topics. Volume 1 - Part IV: Making Good Investment Decisions traces the historical development of financial decision-making by putting aside the latest papers in order to to focus on the earliest foundational papers. These foundational papers set the stage for the “Axioms, Assumptions & Hypotheses” that support the development and findings of the latest papers. This understanding of “Axioms, Assumptions & Hypotheses” helps filter out papers biased by same-old, inside-the-box, and usually unexamined foundations in order to focus time & attention on papers that solve traditional “Puzzles, Paradoxes & Anomalies” by looking outside-the-box, and developing alternative solutions. This approach to reading research papers led to articulation of three major schools of thought in financial economics: (i) Expected Value Optimization, (ii) Growth Optimal Solutions, and (iii) Client-Centric Planning. The core chart for Volume 1 – Part IV: Making Good Investment Decisions uses there three schools of thought to organize three parallel timelines of foundational authors. These timelines start with the Babylonians (2000 BCE), continue with Euclid (3rd Century BCE), and end with Ole Peters’s Ergodicity Economics (2009 to the present).
Developing…
”CTRI by Francois Gadenne” writes a business book in three volumes, published serially on Substack for public peer-review. The book connects the dots of life-enhancing practices for the next generation, free of controlling algorithms, based on the lifetime experience of a retirement age entrepreneur, & continuously updated with insights from reading Wealth, Health, & Statistics research papers on behalf of large companies as the co-founder of CTRI.