Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

Everyone on the island felt let down. The cult of finance had led to the contraction of a successful fishing industry. Too many talented people had been sucked into trading which, with the benefit of hindsight, was little more than a zero-sum activity generating little or not output. How could so many people have been taken in by the new world of finance?

a cute little parable about a fishing island in which everyone gets drawn into finance (betting on the fishing industry) and thus no one is left to actually fish

thought: is financialisation inevitable, because of the feedback loop? is it like a recessive gene that offers no fitness advantages and thus will eventually be selected out randomly if you wait long enough?

—p.148 Radical Uncertainty: The Purpose of Financial Markets (120) by Mervyn King 6¬†years, 3¬†months ago