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
How To Acquire a Company with Kison Patel
At the Intersection of Creativity and Business with Allen Adamson
Art and Opportunities with Craig Doig
Finding the Hidden Gems with Kehan Zhou
How To Handle Jerks with Louise Carnachan
Become the Person You Need To Be with Perry Zheng
Numbers Tell a Story with Mike Lingle
Owning Her Destiny with Kelley Holland
Finding the Shoe that Fits with Michelle Douglas
Secrets of the Network with Matthew Hunt
After the Crash with Rachel Michelberg on Writing Her Truth
An Uncommon Creative with Paul Fairweather on Doing It All
Finding Her Place with Lucinda Jackson, Author & Scientist
A Brave Space with Jenn Graham
Creating a Life with Janet Luongo, Writer, Artist, Teacher, Activist
Not a One-Size-Fits-All World with Steve Christensen of Neuwly
Direct Mail Marketing with Michael Epstein
Announcing the Launch of The Story Funnel
A Passion for Sales with Dalton Jensen
The Super Power You Give Yourself with Ryan Warriner
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Organic Marketing Simplified: Effective podcasting strategy for growth and monetization
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Money Mondays