Subscribe: Apple Podcasts | Spotify | Stitcher | Overcast
Support the Show. Get the AudioBook!
AudioBook: Audible| Kobo| Authors Direct | Google Play | Apple
SummaryHey everyone. Stay tuned to the end of the interview where I’ll give you some actionable insights that I learned from my guest. These insights are also in the show notes. As always, thanks for listening.
Now on to my guest for today, Noah Healy, founder of Coordisc, an alternative market algorithm called the Coordinated Discovery Market (CDM).
Noah refers to himself as a “recreational mathematician,” part of a tradition of thinkers going back centuries interested in thinking about mathematical questions. He studied a wide variety of subjects at the University of Virginia, focusing on engineering and economics, but always anchored by an interest in math. He became interested in applying his curiosity to the problems inherent in current economic markets and proposes that what we need now is a change in the algorithm that forms the basis for our current market economy.
Currently, Noah explains, the market operates as an information and communication system. However, there is a lot of noise in that system. A healthy market processes signals to reduce noise, but that is not currently happening. In fact, he says, the noise in the market is “off the scales.” The basic problem is that with the rise of computerization, industries have vastly increased their ability to be more efficient. But the cost of that efficiency is that one error in the system can lead to catastrophe. It also fosters the rampant corruption we now see in our economy. While Noah acknowledges he’s still in the early stages of promoting this idea, there’s been a lot of receptivity to it, because even those businesses that are “status quo” are seeing that problems are structural and can’t be simply “papered over.”
This episode just scratches the surface of a much bigger idea, but it is packed with some food for thought on what's at stake and offers some solutions on how we might re-invent our economy.
Now, let’s get better together.
Actionable InsightsBook or Blog or Twitter or LinkedIn or JSYPR
Learn more about your ad choices. Visit podcastchoices.com/adchoices
Eric Twiggs -- Count Your Wins
Tim Sprinkle -- Rise Above the Noise
Nelly Yusupova -- Empowering Entrepreneurs
Brenden Kumarasamy -- Message Over Fear
Lee Chambers -- Learning to Walk Again
Nicole Brassington -- Resilience and Tenacity
Robert Middleton -- Marketing Magic
Priya Amin -- Bat-signal Childcare
Stan Rymkiewicz -- Slopes to Sales
Jaryd Krause -- Escaping the Funnel
Michelle Fishburne -- Silver Linings
Ozzy Flowers -- Fight The Good Fight
Aman Agarwal -- Process Over Perfection
Belle Niba -- No Excuses
Ash Cintas -- Way to Shoppe Local
Douglas Kadlecek -- The Simplest Thing Possible
Jerry Abiog -- Don't Sell. Solve Problems
Phil Pelucha -- Relationship Building in Boxers
Phillip Hughes -- Jump In Feet First
Donteacia Seymore -- Crazy, Audacious Goals
Create your
podcast in
minutes
It is Free
The Everyday Millionaire
Pure Hustle Podcast
Making Bank
The Prof G Pod with Scott Galloway
Habits and Hustle